S.12-139
SFU
offickoi-Tiii- vick-prksidknt, acadkmic and provost
8888 University Drive, Burnaby, BC
Canada V5A 1S6
TEL: 778.782.3925
FAX: 778.7825876
www.sfu.ca/vpacadcmic
MEMORANDUM
attention
Senate
date
September 12,2012
from
Jon Driver, Vice-President,Academicand
pages
1/1
Provost, and Chair, SCUP
Beedie School of Business: Terms of Reference for the Beedie Professorship Endowment
Eund (SCUP 12-28)
RE:
At its September 5, 2012 meeting SCUP reviewed and approved the Term/of Reference for the Beedie
Professorship Endowment Fund.
Motion:
That Senate approve and recommend to the Board of Governors the Terms of Reference for the Beedie
Professorship Endowment Fund.
end.
c: O. Volkoff
C. Daminato
SIMON FRASER UNIVERSITY
ENGAGING THE WORLD
MEMO
Office of ihe Dean
Bccdic School of Business
MAILING ADDRESS
WMC5310
8888University Drive
Bumabv C Canada
VSA 1S6
778.782.-U83
778.782.5155
dshapiroiisfu.ca
SCUP 12-28
Beedie School of Business
ATTENTION
Dr. Jon Driver. Vice-President. Academic
Date July 17, 2012
FROM
Dr. Daniel Shapiro. Dean, Beedie School of Business
RE Beedie Professorships Endowment Fund
I would like to recommend the approval of the naming of the Beedie
Professorships, to be supported by the Beedie Professorships Endowment Fund.
The Beedie Professorships Endowment Fund will be created with $5 million of
the $22 million Ryan Beedie donation. The purpose of the Endowment Fund
will be to:
1) encourage new donor philanthropy by providing a source of matching funds
for donations to new endowed professorships, as yet unnamed; and
2) support interim professorships at the Beedie School of Business (the "Beedie
Professorships").
These new Professorships will fit well within SFU's strategic vision of engaging
research by supporting excellence in research and teaching. The Matching
Program intends to engage communities, an SFU strategic goal, by encouraging
new donations.
Terms of Reference for the Beedie Professorship Endowment Fund are attached.
I request that you bring this recommendation forward for discussion with the
appropriate individuals as well as SCUP and Senate for approval, in accordance
with policies A10.03 and
G?
35.
c.
Ms. Caihy Daminato, Vice-President. Advancement and Alumni Engagement
si.•.!<: •: i••- ask
V
: l VERS1 . i
ENGAGING THE WORLD
SFU
Beedie Professorships Endowment Fund
Supporting the
Beedie Professorships and Matching Program
Terms of
Reference
The Beedie Professorships Endowment Fund was established in 2012 with $5 million of the $22
million donation to SFU Business from the Beedie Family, led by Ryan and Keith Beedie. The
endowment fund will be used to:
• attract significant donations for faculty-support endowments in the Beedie School of
Business; and
•
support, on an interim basis, Beedie Professorships in the Beedie School of Business.
The Donors
Ryan and Keith Beedie donated $22 million to Ryan's
alma mater,
SFU Business, now the
Beedie School of Business. The Beedie Family donation is the largest gift that Simon Fraser
University has ever received. Born and raised in Burnaby, BC, Ryan Beedie earned his BBA in
1991 at SFU and his MBA in 1993 at UBC. In 1992, he joined his family's industrial real estate
development firm. Under Ryan'sdirection, the firm has grownto be the largestlandlord of
industrial space in British Columbia. Recently the Beedie Group expanded its commercial
presence into Southern Alberta, residential homes and Beedie Capital Partners.
Purpose ofthe Endowment
The purpose of the Beedie Professorships Endowment Fund is to:
1.
encourage new donor philanthropy by providing matching funds for new endowed
professorships, as yet unnamed (the "Matching
Program"); and
2.
support interim professorships at the Beedie School of Business (the "Beedie
Professorships").
Beedie Professorships
Initially, the interest on this endowment will be used to support the Beedie Professorships.
Beedie Professors will be selected in accordance with faculty appointment policies A10.01 and
A10.06. Beedie Professorship disbursement amounts will be determined by the Dean, Beedie
School
of Business and subject to the approval of the VP, Academic.
Matching Program
Eventually, as many as five new permanently endowed professorships may be created when new
gifts of $1 million or more are matched with $1 million from the Beedie Professorship
Endowment Fund. The Beedie Family has generously waived their naming rights for these five
$1 million endowed professorships, to help attract new donors. The purpose of each of these
new named endowed professorships is to support excellence in research and teaching at the
Bccdic School of Business.
1 | P age
SFU
Beedie Professorships Endowment Fund
Supporting the
Beedie Professorships and Matching Program
Terms ofReference
Use
ofFunds
Funds will be held in the endowment until such time as donations eligible for matching ($1
million to create a named professorship) are received. Only five new named endowed
professorships in the Beedie School
of Business will be eligible for a $1 million match.
Matching transfers will require the approval
of the Vice-President, Advancement and Alumni
Engagement, Vice-President, Academic, and Dean, Beedie School of Business. Transfers to new
endowments will be made dollar for dollar as pledge payments are received.
In the interim, the interest on the Beedie Professorships Endowment Fund may be used to
support the Beedie Professorships. Interim Beedie Professorships will be assigned according to
A 10.01 and A10.06 and will not be renewable once the capital in the endowment has been
transferred to the named professorship endowments created with new gifts and matching funds.
If at any time the creation
of new named professorship endowments and the transfer of matching
amounts results in insufficient interest to support the interim Beedie Professorships, then the
Beedie School of Business will be solely responsible for any and all payments owed to
individuals holding such interim Beedie Professorships for the duration
of the term of such
interim Beedie Professorships.
Fund
A
dministration
The administrator of the fund will be the office of the Vice President, Academic. The
endowment fund will be managed in accordance with Endowment Management Policy GP 20.
In the event that circumstances make the specified use of the endowment fund no longer
practicable or desirable, the Board
of Governors of Simon Fraser University is hereby authorized
to make any changes it may deem necessary in the terms or use of the endowment fund. Such
changes, however, are to be in keeping as far as possible with the original spirit and general
intent
of these terms of reference governing the endowment fund.
Pa
aQ
SFU
Beedie Professorships Endowment Fund
Supporting the
Beedie Professorships and Matching Program
Terms ofReference
Accepted by:
Ryan Beedie
Date
President
Beedie Group
Jon Driver
Date
Vice-President, Academic
Simon Fraser University
Cathy Daminato
Date
Vice-President, Advancement
and Alumni Engagement
Simon Fraser University
Daniel Shapiro
Date
Dean, Beedie School of Business
Simon Fraser University
3 | Pagc
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