2007/08Investors’ Report

Each year the Rotman Investors’ Report pays special tribute to the alumniand friends who help the School succeed, in a fiercely competitive environ-ment, through their financial and volunteer support. In the past year, wehave actively recruited and retained talented professors who are growingour global reputation for outstanding teaching and research. Leading faculty,who provide an unparalleled educational experience, are keeping theRotman School at the head of the class in global thought leadership and wehave our donors and friends to thank for fueling our momentum.

On behalf of the faculty, staff, students, and alumni of the Rotman School, I want to expresshow grateful we are for your unwavering support.Your backing is more important than everbefore as we revolutionize business education through Integrative ThinkingTM.

But the gains are not only being felt in teaching and research, but also in enrolment.This pastyear, we welcomed a two-year MBA class of 264 students: one of the largest in our history. Inthe coming years, graduate enrollment is expected to grow by 50 per cent and your supportwill become more important than ever before as we work to accommodate that growth andprovide an outstanding MBA experience.

Whether your contribution to the school was an annual or an endowed gift, or a gift of yourtime, your support had an immediate impact.The Rotman School is thriving as one of theworld’s leading business schools; its future becomes brighter each and every day with the sup-port of friends and alumni like you.

While the Rotman School is flourishing, our journey of innovation and excellence is not over.This fall we will launch an ambitious new fundraising campaign that will take the School tonew heights. I encourage you to remain close to us as we continue to grow and distinguishour programs through Integrative Thinking. Many successes lie ahead and I look forward tosharing the pride in all of them with you.

Roger MartinDean, Rotman School of ManagementPremier’s Research Chair in Productivity & Competitiveness, and Director, AIC Institute for Corporate CitizenshipToronto, September 2008

TMIntegrative Thinking is a registered trademark of the Rotman School of Management.

A Message From the Dean

A Message From the Dean Our Collective AchievementsDonor Honour Roll 2007/08The Rotman Vision FundFinancial Report and StatisticsRotman BoardsRotman at a Glance

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101113

“Many successes lie ahead and Ilook forward to sharing the pridein all of them with you.”

– Roger Martin

1

The Rotman School celebratesa new $18 million giftfrom its lead benefactors,Sandra and Joseph Rotman

Our Collective AchievementsThe Year in Review: May 2007 – April 2008

June 2007Rotman Executive Programs launches the Indian RailwaysPartnership.The two-week program provides participantswith a greater understanding of North American railwaytransportation systems and equipment for both passenger andfreight traffic. It is the first time that Executive Programs haspartnered with an organization from India.The programincludes classroom-based activities and site visits to relevantbusinesses throughout Canada and the United States.Themanagers also receive specialized training in their respectiveareas of human resources and finance.

July 2007Professor Richard Florida joins the Rotman School ofManagement as Professor of Business and Creativity andAcademic Director of the Lloyd and Delphine MartinProsperity Institute (see December 2007). Florida is wellknown for his work on economic competitiveness, demo-graphic trends and cultural and technological innovation.

September 2007The Rotman School launches the world’s first morningMBA. MBA students in the Toronto area, who are alsoworking professionals, will be able to pursue their studies

early in the morning before heading to their jobs.The majority of the core classes are offered on Tuesday andThursday mornings, from 7 to 8:59 am.

October 2007Accounting education at the Rotman School receives a boostwith a three-year, $50,000 per year, sponsorship commit-ment from Certified Management Accountants ofOntario (CMA Ontario).The partnership will strengthenacademic collaboration and instruction in managerialaccounting.

November 2007Marcel Desautels, president and CEO of the CanadianCredit Management Foundation, makes a $10 million dona-tion to the Rotman School (recognized in the 2006–2007Investors’ Report).The gift will support the ongoing initiativesof the Marcel Desautels Centre for Integrative Thinking. Histotal giving to the Rotman School is $31 million to date.

December 2007The Rotman School celebrates a new $18 million gift from itslead benefactors, Sandra and Joseph Rotman (recognized

in the 2006–2007 Investors’ Report).The gift names the MartinProsperity Institute and the Commerce program, and supports capital expansion and Rotman Magazine. Their givingto the School totals $ XX.

At his retirement party, it is announced that Tony Fell’s family,friends and colleagues will establish the Anthony S. FellChair at the Rotman School.The chair is a tribute to Tony’soutstanding leadership at RBC Dominion Securities and tohonour his ongoing commitment to the Rotman School.

February 2008Lee and Margaret Lau pledge $3 million to support capi-tal expansion for the new building (see April 2008).

A $1 million gift from the RBC Foundation supports pros-perity research at the Rotman School. It is the first donationto the Founders Group Research Fund at the Martin ProsperityInstitute.The fund supports research aimed at broadeningour understanding of prosperity and how it is created.

Sun Life Financial donates $50,000 to the RotmanBridge to Business program.The scholarships will beawarded to high potential students who enrol in the 2008 and2009 offerings of the program. Rotman Bridge to Business is

a month-long intensive program that provides participantswith knowledge of fundamental business, management andpeople skills that will serve them throughout their careers.

March 2008Birch Hill Equity Partners pledges $50,000 (matched by theGraduate Student Endowment Fund) to establish the BirchHill Equity Partners Award for a continuing domesticstudent in the two-year MBA program.

April 2008The renowned undergraduate Commerce program at theUniversity of Toronto announces its new name – RotmanCommerce – thanks to a $2.5 million gift from Sandra andJoseph Rotman.The donation was part of an $18 million giftto the Rotman School announced on December 13, 2007. Inaddition to the new name, a new curriculum will be intro-duced in summer 2008.

Mr.Ted Kernaghan, president, Kernaghan Securities, renewshis $250,000 support of The Edward J. KernaghanProfessorship in Financial Analysis.The professorship,currently held by Professor Ramy Elitzur, will continue foran additional five years to 2015.

Marcel Desautels, presidentand CEO of the CanadianCredit ManagementFoundation, makes a $10 million donation tothe Rotman School ofManagement

32

Aecon Group, Managerial Design and Brendan Calder give$50,000 (matched by the Graduate Student EndowmentFund) to establish the George C.Vilim Scholarship inEffective Management for continuing MBA students withoutstanding achievements in strategic management.

For a second year, Corus Entertainment Inc. donates$25,000 to the Rotman Bridge to Business program.Thescholarships will be awarded to high potential students whoenrol in the 2008 offering and who identify as one or moreof the following criteria: female, visible minority, person ofAboriginal descent and/or a person with a disability.

In the first private sector-academic partnership of its kind inCanada, Blake, Cassels & Graydon LLP, McCarthyTétrault LLP, and Osler, Hoskin & Harcourt LLP, threeof Canada’s leading law firms, team-up with two of theUniversity of Toronto’s top professional faculties to make anunprecedented educational investment in young women inthe Canadian legal profession. Business Leadership forWomen Lawyers is a three-day intensive professional devel-opment program designed specifically to help women in thelegal profession build confidence and acquire the relevantbusiness skills to advance within their firms.

Kuwabara Payne McKenna Blumberg Architects(KPMB) is chosen by a University of Toronto selection com-mittee to design the Rotman School expansion.The expansionwill accommodate the School’s continued growth.The newbuilding, expected to open in 2011, will be integrated withthe current building at 105 St. George Street and will housethe Desautels Centre for Integrative Thinking, the MartinProsperity Institute, other research programs and Centres ofExcellence, classrooms, study space and event facilities.

$3,000,000 or moreLee and Margaret Lau Sandra and Joseph (MCom ’60)Rotman*

$1,000,000–$2,999,999RBC Foundation*

$500,000–$999,999Shari Graham Fell

$250,000–$499,999Edward J. Kernaghan

$100,000–$249,999Jim Pattison The Peter Munk Charitable Foundation Red and Brenda Wilson Anonymous (2)

$50,000–$99,999James Archer-Shee and

Mary Matthews Birch Hill Equity Partners Gordon and Jean Campbell Certified Management

Accountants of Ontario (CMA Ontario)

James W. Davie Michael B.C. Davies Katherine and George Dembroski Bryce W. and Nicki Douglas Jim Fisher* David and Lenore Hawkey Marjorie and Don Lenz Margaret and Wallace McCain Doug McGregor William W. and Sharon Moriarty Gordon and Janet Nixon Sandra and Jim Pitblado Andrew and Valerie Pringle Peter and Judy Russel Sun Life Financial* The W.P.Wilder Foundation David L.Torrey John H.Watson (MBA ’67)* Chuck and Libby Winograd

$25,000–$49,999Aecon Group Inc.Jamie and Patsy Anderson Blake, Cassels & Graydon LLP* David and Valerie Christie Adrian J. Coote Corus Entertainment Inc.Cullen Family

Michael and Rosemary Edwards Norman Fraser (MBA ’68)* Irving and Gail Gerstein Mary B. (MBA ’85) and

Graham Hallward * Donald K. Johnson George and Leanne Lewis D. Bruce MacDonald Roger Martin and Nancy Lang* McCarthy Tétrault LLP Michael and Janet Norris Osler, Hoskin & Harcourt LLP Richard Pilosof Dugald and Liz Ritchie Gordon M. Ritchie Tavaso Family Charitable FundMichael H.WilsonAnonymous (1)

$10,000–$24,999Peter and Louise Armenio ATCO Group BMO Financial Group Robert E. Brown Peter Buzzi CAE Inc.Brendan Calder*I

John (MBA ’81) and Mary Cassaday

J. Charles and Sallie Caty CIBC*Timothy D. Dattels* Peter de Vos Four Seasons Hotels and Resorts Kirby Gavelin George H. and M. Beverly Guy Doug Guzman and Sheila Brown M. Marianne Harris Husky Injection Molding

Systems Ltd.Douglas MacKay W. Reay Mackay Managerial Design Corporation Derek and Sherri (MBA ’00)

Neldner Bruce Rothney Reza Satchu and Marion AnnauGerald Schwartz and

Heather Reisman William and Toshimi Sembo Jeffrey S. Skoll Gary (MBA ’73) and

Louise Sugar Gregory C.Wilkins and

Vera Wilkins Women in Capital Markets* John and Annette Younger

Tricia Younger Anonymous (1)

$5,000–$9,999Daniel Almenara (MBA ’92)E

Harvey Botting (MBA ’85)*M

Michael Bregman Jim and Mary Connacher W. Downe (MBA ’78)* The Evans Family Robert J. Ewen (MBA ’77) Jonathan Hunter and Nita Major Judy Korthals and Peter Irwin Loblaw Companies Limited McDonald’s Restaurants of

Canada Limited Nadir Mohamed Peter Pauly* Richard Powers* Gerry Rocchi (MBA ’81)* Margaret (MBA ’76) and

Andrew Stephens* TD Bank Financial Group Thomas Tutsch Nicholas Villiers W. Galen Weston Alan White (PhD ’87)* Glen Whyte (DBA ’80, MBA ’81)* Anonymous (2)

$2,500–$4,999Kelly Battle (MBA ’97)* Joel A. Baum (MBA ’85,

PhD ’89)* Jill Black (MBA ’80)* Fares Boulos (MBA ’79)* Burgundy Asset Management Ltd.Canadian Tire Corporation Limited Stephen K. Curry (MBA ’95) Endla & John Gilmour

Foundation Richard and Rana Florida Ann M. Hatch John Hull* John R. R. Jennings John R. Knebel (MBA ’73)* Thomas McCurdy* Michael N. Melanson (MBA ’87)* Mauro Pambianchi (MBA ’81)* Erik Parnoja (MBA ’95) Paul (MBA ’51) and

Patricia Phoenix* Brian Scott Silverman* Dilip Soman* Kevin Stolarick Thomas Tsiopoulos (MBA ’91)

Jia Lin Xie* Anonymous (1)

$1,000–$2,499AGF Funds Inc.Alterna Savings and Credit

Union Ltd.Khozema M. Alyamani (MBA ’96) Sidney E. Amster (MBA ’82)* Fariba Anderson (MBA ’04)*C

Steve Arenburg * Ann Armstrong (MBA ’82,

PhD ’93)* James Richard Beattie (MBA ’98) James (MBA ’62) and

Sandra Beingessner Bonnie Bloomberg (MBA ’94)* Laurence Booth* James and Suzanne Bradshaw Caldwell Investment

Management Ltd.Melanie Carr Flora Chen (MBA ’01) and

Sheldon Hing San Sze-To (MBA ’02)*

Dennis Choa (MBA ’95) Gordon A. Clancy (MBA ’86) James D. Coutts (MBA ’99)*C

Lisa Craig (MBA ’93) Enzo De Luca (DBA ’70,

MBA ’71)* Donna Louise De Winter

(MBA ’00) David L. Dunne (PhD ’96)* Jim and Barbara Felstiner FirstService Corporation* Christopher T. Folan (MBA ’95) Jane S. Gertner (MBA ’76)*C IM

Michael Gibbens GlaxoSmithKline Jamie Gold (MBA ’05)I

Brian Golden* Eleanor Gow (MBA ’77)* Aseem Goyal (MBA ’89) Patricia and Gordon Gray Alison E. Ground Paul J. N. Halpern* John R. Hicks (MCom ’60) Brian Howe (MBA ’93)*IM

Alan and Susan Hudson Berkeley (MBA ’02) and

Maxine Hynes (MBA ’07)Wing Joe (MBA ’76)* Eric Kirzner (MBA ’70)* Harvey Kolodny* Merle Kriss (MBA ’77)* Asher Lai (MBA ’05)*

Donor Honour Roll 2007/08

54

Michelle C. Lalonde (MBA ’01) Gerald Legrove (MBA ’85)*C

Nancy Lockhart and Murray FrumRod Lohin* Yin Luo (MMPA ’99)*M

John and Gail MacNaughton The Manta Group Stamatis Mantzavinos (MBA ’54)* Joe Martin* Robert B. Matthews Tom K. McCormick (MBA ’84) Ken McGuffin* Barry (MBA ’87) and

Rosemary McInerney Sam Mokbel (MBA ’02) Tyler G. Moniz (MBA ’77)* Sridhar Moorthy* NBBJ LP Neil & Shirley Macdougall Fund

at the Toronto Community Fdn.Huu Trung Nguyen (MBA ’87)E

Jay Nicholson (MBA ’02)*C

Richard Noronha John D. Ogden (MBA ’62)* Daniel A. Ondrack (MBA ’65)* Chris Pandoff (MBA ’05)M

Ian Donald Parker (MBA ’92) Donald W. Parkinson (MBA ’62)* Anita and Chandran (DBA ’77,

MBA ’79) Ratnaswami* Gail Regan (MBA ’78) Marc Reppin (MBA ’04)* Jennifer Riel (MBA ’06) Andrea Rudnick (MBA ’96)M

Samsung Electronics Canada Inc.John Sartz (MBA ’80)* Prateek Saxena (MBA ’05) Thomas C. Sears (DBA ’85,

MBA ’88) Amir Shalaby (MBA ’78)* Jeffrey C. Shin (MBA ’82)* Lawrence Shum (MBA ’86)* Suzanne J. Spragge* Brian Tanner John A.Tory John M. Usher (MBA ’79,

PhD ’90)* Anil Verma* Norris W.Walker (MCom ’58)* Scott Roger Wambolt (MBA ’03)* John M.Warwick (MBA ’78)* Evelyn S.Wong (MBA ’74)* Ruth G.Woods (MBA ’84)* Laval Yau (MBA ’86) Joseph Yun (MBA ’06) Anonymous (4)

$500–$999Peter Alessi (MBA ’93) Glenn Masao Asano (MBA ’94)*C

Daisy Azer (MBA ’96)C I

Barrick Gold Corporation Bell Canada Michael C. J. Beamish (MBA ’70)* Arzhang Beheshti (MBA ’04)* Jennifer Berdahl William J. Biggar (MBA ’75)* John R. Bird (MBA ’71,

PhD ’75)* Theodore S. Borek (MBA ’75) Shimmy Brandes (MBA ’02)* Leonard J. Brooks (MBA ’67)C

Charlene Gwen Butler (MBA ’95) *

Francois Cartier (MBA ’07)C

Paul M. Casey Michael Chazot (MBA ’99)I

Ruth C. F. Chung (DBA ’71,MBA ’73)

Doug Collier (MBA ’89) Purdy Crawford Beatrix Dart* Yves Denomme Lucio T. Di Clemente (MBA ’90) Nicholas (MBA ’75) and

Susan Dietrich* Peter D. Dungan* John Langley Easson (MBA ’94) Heather-Anne Edwards Irwin Patrick Ferrier (MBA ’05)* David and Yvonne (MBA ’91)

Fleck Ian Fraser (MCom ’57)* Rachel Gillespie (MBA ’07) and

Sean Martin (MBA ’02)M

Avi Goldfarb* Catherine (Ward) Graham

(MBA ’01)* Thomas E. Gray (MBA ’75) Tony Gray (MBA ’00) Gordon Hayes (MBA ’96) George W. P. Hayhurst (DBA ’67,

MBA ’68)*C

Frederick Heath (MBA ’76,PhD ’86)

William R. Hellings (MBA ’70)* Hodgson Shields LLP Yale Marshall Holder (MBA ’06)I

James A. Hughes (MBA ’77) Gurpreet Hundal (MBA ’93) The Honourable Henry N. R.

Jackman Mark G. Johnson (MBA ’88) Meredith Leigh Johnson

(MBA ’07)

William M. Jones (MBA ’68) Linda Jussaume (MBA ’06)C

Raymond Kan* Seokjin Kim (PhD ’05) A. Douglas King (MBA ’65)* Anthony Koon Hung Ko

(MBA ’91) Arjun Kumar (MBA ’02) Glen (MBA ’92) and Susanne

(MBA ’92) Ladouceur Geoffrey Leonardelli* Al Leong (MBA ’06) Michael S. Levy (MBA ’69)* Matthias Li (MBA ’79)* Sophie Xiaoyu Liang (MBA ’07) Robert Ljubisic (MBA ’06)C

Hai Lu* Tom Mihalik Cheryl Millington * Mihnea Moldoveanu * William P. Molson (MBA ’81)C

Angela Moy (MBA ’96)* Esther Mui (MBA ’75)* Jeff Muzzerall* David (MBA ’04) and

Mariana (MBA ’04) Nava* Kim Neutens Robert Man-Chiu Ng (MBA ’93)*Luke Hanson O’Brien (MBA ’03) Hamid Omoumi (MBA ’93) Carol S. Perry (MBA ’78) Lukasz Pomorski Joyce Rankin (MBA ’05)*C

Harold I. Redekopp (MBA ’87)* Paul Richards (MBA ’62) Joanna Rotenberg (MBA ’01)* Wendy D. Rotenberg (MBA ’83,

PhD ’87)* Gary Ryan (MBA ’01)*C

A. Edward Safarian* R. Gary Seagrave (MCom ’59)* Norman (MBA ’92) and

Janet Shiner (MBA ’04)* Wally J. Smieliauskas* Gregory W. Smith (MBA ’98) Richard Jean Smith (MBA ’01) *M

Elizabeth Steele-Neilson (MCom ’58)

Jane and Ted Stephenson Michael Tamayo (MBA ’96) Jack R.Thompson* Martha J.Tory Heather and Jeff Ullman* Christopher W.Wiegand

(MBA ’93)*Gordon A.Wilson (MBA ’60)* Thomas A.Wilson*

Anita Marie Windisman (MBA ’03)*

Moon Hung Franco Wong Mary-Ellen Yeomans* Anonymous (4)

$250–$4992158-4933 Quebec Inc Accenture Inc.Ajay Agrawal* Peter A. Allen David E. Andrews (MBA ’99)* Efrain Armijos (MBA ’02) Neil Aubuchon (MBA ’98)*E

David J. Baker (MBA ’70) John F. Bankes Dushan Batrovic (MBA ’03)* Jalynn Bennett Michal Berman (MBA ’03)C

Oded Berman * Peter-Paul J. Bloemen (MBA ’91) William R. C. Blundell Julia Bonin (MBA ’08)Alice Born (MBA ’90) H. Ronald Bourdeau (MBA ’89)* Iain R. Burnett (MBA ’03)*I

H. Michael Burns Robert W. Cawker (MBA ’99) Mark Lawrence Chaikelson

(MBA ’04) Chair-man Mills Inc.Sumit Kumar Chakraborty

(MBA ’99) Eric Y.W. (MBA ’77) and

Linda Y. H. Chan* Garry Yiu Chu Chan (MBA ’03)M

Matthew H.T. Chan (MBA ’02)E

Matthew Robert Chapman (MBA ’00)

Robert Jiong Chen (MBA ’07) Stella Hong Chen (MBA ’06) Victor Chen (MBA ’99) Naichu Cheng (MBA ’07) Paul Choy (MBA ’02)* Karen Christensen* Jennifer Churchill Brian G. Clark (MBA ’71)* Jeffery Coles (MBA ’06) Daniel Cushing (MBA ’97)* John M. Cvecich (MBA ’93) Hilari P. D’Aguiar (MBA ’77) George Daicos (MBA ’88) Leslie Dan (MBA ’59) Michael Daniels (MBA ’05) Michael Ryan Dary (MBA ’07) Andrew J. Davies (MBA ’05) Donald R. Dawson (MCom ’51)

Leelah E. Dawson (MBA ’91)* Gus De Franco Michael Don Demeter

(MBA ’01)*M

Peter J. Dey Govind Vyas Dharwada (MBA ’04) Richard Dice (MBA ’04) David Diestel (MBA ’02)* Jane Donaldson (MBA ’99)* Jackson Chun-Wen Doong

(MBA ’05) Robert C. Dowsett Patricia Dunbar (MBA ’93)* John C. Eaton* H. Garfield Emerson Arthur C. Eng (MBA ’04) Bill Etherington Teng Wen Fan (MBA ’08)Anthony Fell Cameron L. Fellman

(MBA ’65)*C

Eugenio Gbolade Ferreira (DIFA ’04)

Warren W. H. Finlay (MBA ’92)* Louis Florence (MBA ’03)* Franmed Consultants (1993) Inc.Brent Furneaux (MBA ’04)C

John Roberts Fydell (MCom ’57)* David A. and Judy K. Galloway Michael A. Garratt (MBA ’89)* David M. Gee (DBA ’70,

MBA ’71) Gluskin Sheff + Associates Inc.John G. Goemans (MBA ’85) Robert T. Gosse (MBA ’98) Masami Goto (MBA ’89)*E

Anthony F. Griffiths Tanbir Grover (MBA ’05)C

Jordan Hague (MBA ’07) Aran D. Hamilton (MBA ’99)C I

Rosemary Hannam (MBA ’03) John C. Harris (MBA ’89)C

Larry Harrison Jonathan Wade Hess (MBA ’01)* Jennifer Hildebrandt* Paul Holden (MBA ’03)* Michelle Lesley Horowitz

(MBA ’95) Tom Hyde (MBA ’05) Hydro One Employees’ and

Pensioners’ Charity Trust Ivanhoe Cambridge David A. Jarvis (MBA ’03) Santosh Damodar Kamat

(MBA ’99) Solly Karkoukly (MBA ’70)* Samuel Kauffman (MBA ’70)

Mark Kerzner (MBA ’00) Jin Gyo Kim (PhD ’02) Neil King (MBA ’06) Kenneth R. Knights (MBA ’58) Daniel B. Kolber (MBA ’98) Manfred Koo (MBA ’02)CIM

Lisa Kramer Anders Kruus (MBA ’90) Karin W. Kwan (MBA ’93) Charles Lannon (MBA ’05) Kevin A. LeBlanc (MBA ’92) Michael E. LeBlanc (MBA ’91) Real LeClerc (MBA ’96) Bernard M. Lewis (DBA ’72,

MBA ’73) Paul Yiming Li (MBA ’05) Andrew G. Lim (MBA ’04)* Sam Lim (MBA ’93) Jie Lin (MBA ’07) Ling Gina Lin (MBA ’07) Robert E. Lord Michelle Catherine Lozano

(MBA ’07) Steve Lux (MBA ’05) Bartlett H. MacDougall Kenneth Scott Alexander

MacMillan (MBA ’08)Dan Mader (MBA ’04) Gilles E. Madore (MBA ’87)* Kamal F. Mahmud (MBA ’05) James P. Mahoney (MBA ’88)*M

Kevin Lem Mak* Alison R. Manzer (MBA ’84) Allan W. Mark* Ewan D. Mason (MBA ’92) John M. Maxted (MBA ’95)* Gilbert G. McIntee (MBA ’72) Darren P. M. McLennan

(MBA ’98) Jamie M. McVicar (MBA ’82)* Richard J. Meertens (MBA ’91)* Michael A. Meighen Augustin Diakiesse Milandu

(MBA ’07) Maria Milanetti (MBA ’89)CM

Joseph Milner* Jennifer Molluso (MBA ’05) Ali Mozaffari (MBA ’05) Mary Helen Mullens (MBA ’02) Bernadette C. Naumann

(MBA ’99) Rajiv Nayan (MBA ’06) William R. Nelson (MBA ’87) New Flyer Industries Inc.John Oesch* Alexander Oganov (MBA ’07) John T. Ostrander (MBA ’99)

Shruti Owerie (MBA ’06)C

Felipe Souza Papaleo (MBA ’04)I

Edward Pearl (MCom ’47)* Michelle Perrotta* David R. Peterson Anton Pfisztner (MBA ’02)* Darrell Pinto (MBA ’04) Ferdinand O. Porsche (MBA ’96) Matthew Protti (MBA ’05) David Pyper (MBA ’89)*C

Sabaa Quao (MBA ’03) Norman W. Quon (DBA ’70,

MBA ’71)* Stephen James Redden (MBA ’00) John A. Rhind (MCom ’53) David Robertson (MBA ’97) R. Douglas B. Robertson

(MBA ’85) F. Ross (MBA ’56) and

Susan L. Johnson Jared Hartley Ross (MBA ’05) Maria Rotundo* Leslie Joy Salmons (MBA ’03) Jim Sami (MBA ’92)* Deanne Saunders* James E. Seidewand (MBA ’74) Vincenza Sera (MBA ’82) Bhagawati Sharan (MBA ’08)Anuja Sheth (MBA ’06) Janet Shih (MBA ’04) Daniel Shimmerman (MBA ’96) Harry H. Shore (MBA ’56)* Gabriel Shtern (MBA ’08)Jamie Shulman (MBA ’96) Lioudmila Siniagina (MBA ’08)Lise Hernandez Girouard and

Bradley Smith (MBA ’04) Sean Sofin (MBA ’02) Olav Johann Sorenson Christopher Hall Spafford

(MBA ’00) Spencer Stuart & Associates Ltd.Ira M. Stambler (MBA ’91) Jennifer Lynn Steckel Elliott

(MBA ’99) Michael Stein Peter J. Stephenson Toby Mina Stewart (MBA ’94)* Pamela Strachan* Rizwan Suleiman (MBA ’02)CM

Daniel F. Sullivan (MBA ’71) Mark B. Synnott (MBA ’90)*E

Giuseppe Tassone (MBA ’02)I

The Toronto-Dominion Bank,Legal Department

Andrew Thomson (MBA ’90)* Torquest Holdings Inc.

Management Services

The Toronto Star TransAlta Corporation TransCanada Corporation Daniel Trefler Patricia B.Tremaine (MBA ’97)* Douglas Tucker (MBA ’04) David Russell Turner (MBA ’05) Timothy N. Unwin Jane Van Alphen (MBA ’02)I

Michael Vanderkaden (MBA ’01)* Edmond F.Vanhaverbeke

(MBA ’89) Darlene Varaleau (MBA ’95)*CI

Alan Vihant (MBA ’94) Charles Vincent (DBA ’79,

MBA ’83) Louise A.Walker (MBA ’97) Lal Wanniappa (MBA ’05) Mark Weber* Bruno Leo Welt (MBA ’05) Forbes West (MBA ’70) Ted White (MBA ’62)* George Wong (MBA ’04) Hilen Wong (MBA ’03) Albert Wu (MBA ’84) Chai Him Yee (MBA ’74)* Amy Young (MBA ’08)Jenny Danyang Zhao (MBA ’06) Vlado J. Zrinscak (MBA ’00) Anonymous (6)

* 3-year consecutive donor to theRotman SchoolE – Regional EnvoysC – Class ChampionI – Integrative Thinking PracticumVolunteerM – Rotman Mentors

This list has been checked for accuracy, but errors may haveoccurred. If you have not beenappropriately recognized, pleaselet us know and we will correct theoversight in future publications.

76

An Investment in the FutureThe annual Vision Fund campaign is one of the key fundraisinginitiatives at the Rotman School. Annual gifts from our alumniand friends support the School’s top strategic prioritiesincluding faculty research and recruitment, student and alum-ni programs and curriculum development.

In 2007–2008 our goals were to not only increase donationsto the Vision Fund, but to also increase the number ofdonors.We are pleased to report that we surpassed our goalin both areas.We raised over $425,000 in unrestricted sup-port for the School, up 27 per cent from 2006–2007.Wealso increased our donors by 26 per cent, to nearly 1,000supporters who made an annual contribution.

All of this growth means even more success for the RotmanSchool. Support for the Vision Fund enables us to adapt quicklyand remain competitive by giving our leaders the flexibilitythey need to fund both growing and emerging initiatives. Someexamples of the impact the Vision Fund had include; increasingthe class size of our MBA program by five per cent, hiring 15new faculty members from around the world in 2007–2008(including renowned urban thinker Richard Florida) andintroducing the Design Study Tour which took Rotman stu-dents to the Stanford Institute of Design as well as a numberof design-friendly firms in Silicon Valley.

Additionally, the generosity our alumni and friends show insupporting the Vision Fund helps provide a base for futuregifts. Our donors feel that their gifts are a worthwhile invest-ment.Their continued support inspires others to want tostep up and be a part of something exciting, whether it is giv-ing $50 for the first time, increasing their annual support tothe leadership level, or remembering Rotman in their estateplanning. Gifts to the annual fund are a significant part ofhow we move forward and take Rotman to the next level.

Alumni SupportAlumni are key ambassadors for the Rotman School.Theysupport us in many ways, including making gifts to the annualRotman Vision Fund. In 2007–2008 we were pleased to seemore alumni than ever before making a smart investment bycontributing to the Rotman School. Here are just a few of theways our alumni help contribute to the growth of the annualfund:• In the area of leadership annual giving (gifts of $1,000

–$25,000), we saw giving increase by 26 per cent and thenumber of donors increase by 19 per cent.The majority ofthis growth is in alumni giving

• University of Toronto students, calling on behalf of theRotman School, raised nearly $45,000 from our alumni —

The Rotman Vision Fund

an increase of nearly 40 per cent over last year• Since the Vision Fund’s inception in 2002, alumni partici-

pation has grown by five per cent.

Student GivingFor a second year, the Graduate Student Giving Campaigngenerated gifts to continue improving interaction betweenstudents and alumni at Rotman.Thanks to the generosity ofso many students, the School can now build upon the successof recent events, enhancing both content and participationfor students and alumni alike. As well, the campaign revenuewill help facilitate the redesign of the My C.C.C. section ofthe Student Portal, providing quicker and easier access toalumni volunteer contacts.

Faculty/Staff CampaignAs it has in each of the past four years, this spring’sFaculty/Staff Campaign set a new fundraising record.Thisunique opportunity, which allows those who work at theSchool to support Rotman and its strategic goals, generatedjust under $95,000. 51 per cent of faculty and staff partici-pated in the campaign.

This year’s Faculty/Staff Campaign was made possible throughthe tremendous efforts of our six volunteer co-chairs.

Returning as the Senior Management Chair was RichardPowers, assistant dean and executive director, MBA programs.Faculty Co-Chairs were David Dunne, adjunct professor ofmarketing and co-director, Rotman Teaching EffectivenessCentre, and Eric Kirzner, professor of finance and John H.Watson Chair in Value Investing. Serving as Staff Co-Chairs fora second year were Jennifer Hildebrandt, manager, specialevents and communications, and Lynda Paterson, MBArecruitment communications officer. Joining them this yearwas Marisa Ciappara, program coordinator, EMBA.

If you have any questions about how to make an annual gift please contact the Rotman Vision Fund office at visionfund@rotman.utoronto.ca or at 416.946.3975.

The annual Vision Fundincreased giving by 27 percent and also increaseddonors by 26 per cent.

98

Dean’s Advisory BoardMembers of the Dean’s Advisory Board possessdiverse backgrounds and stellar experience.The board provides advice and an external perspective to Dean Roger Martin as he leadsthe Rotman School.

Hilary Austen

W. Geoffrey BeattieDeputy ChairmanThomson Reuters

David R. BeattyDirector, Clarkson Centre for Business EthicsRotman School of Management

Fares Boulos (MBA ’79)Adjunct Professor of Strategy andManagement INSEAD

Tim DattelsPartnerTPG Capital, LP

Chrystia FreelandUS Managing EditorFinancial Times

Lalita GupteChairICICI Ventures

Daisy Ho (MBA ’90)Deputy Managing Director and CFOShun Tak Holdings

Peter KadasDirectorNew World Resources

Gerry MabinFounderThe Mabin School

David SamuelPrincipalBirch Hill Equity Partners

A. Michael SpenceProfessor EmeritusStanford University

George StalkSenior Vice President and DirectorBoston Consulting Group

Doug SteinerChairman and CEOPerimeter Financial Corp.

Belinda StronachExecutive Vice-Chairman Magna International Inc.

The Rotman Vision Fund BoardThe Vision Fund Board is a group of alumniwho solicit peer-to-peer gifts on behalf of theRotman School and educate others about theimportance of annual giving.

Fariba Anderson (MBA ’04)Managing Partner & Chief Practise OfficerThe Manta Group

Harvey Botting (MBA ’85)

Merle Kriss (MBA ’77)PresidentKriss & Associates Limited

Joyce Rankin (MBA ’05)Manger, Med/Surg/Neuro ICOToronto Western HospitalUniversity Health Network

Amir Shalaby (MBA ’78)Vice President Power System PlanningOntario Power Authority

Rotman Alumni BoardThe Rotman Alumni Board works to improvecommunications between the Rotman Schooland its alumni; engages alumni in mentoring,training and recruitment of Rotman students;and serves to strengthen ties between theRotman School and business community.

Daisy Azer (MBA ’96)

Michal Berman (MBA ’03)President B-Innovative Inc.

Rotman Boards

University Base Allocation

Tuition & Other Fees

Government Funding

Executive Education Programs

Rotman Vision Fund (including annual fund) (1)

Expendable Donations (1)

Endowment Income

External Recoveries

Miscellaneous Income

Total

$

12,854,748

22,839,029

5,463,904

18,926,621

321,767

4,914,773

2,781,104

3,322,538

2,246,406

73,670,889

%

17.4%

31.0%

7.4%

25.7%

0.4%

6.7%

3.8%

4.5%

3.0%

100%

Salaries & Benefits

Equipment and Furnishings

Supplies and Services

Space & Building Services

Program Delivery

Marketing & Communication

Research (2)

Student Financial Aid (2)

Other Costs

UT Overhead

Total

$

41,583,849

945,645

846,531

2,086,028

8,247,457

3,315,967

2,747,082

5,392,232

4,334,647

3,212,067

72,711,505

%

57.2%

1.3%

1.2%

2.9%

11.3%

4.6%

3.8%

7.4%

6.0%

4.4%

100%

Operating Revenue For Fiscal Years 2007–08 (All Sources)

Rotman Vision Fund and Expendable donations: Unrestricted operating revenue onlyResearch and Student Financial Aid Operating expense only.

(1)

(2)

Year End Results 959,384

Endowed Non-Student Aid

Endowed Student Aid

Sub-Total Payment and Pledges

Expendable Non-Student Aid

Expendable Student Aid

Sub-Total Payment and Pledges

Capital

Gifts-in-Kind

Total: Payment and Pledges

$

41,998,440

13,086,643

55,085,083

54,048,909

1,699,013

55,747,922

8,014,425

14,716

118,862,145

%

46.34%

46.90%

6.74%

0.01%

100%

Chairs

Professorships

Rotman Endowed Trust

Student Aid

Other Programs*

Total Payment and Pledges

*Breakdown of Other Programs

Rotman/Bonham Centre for Finance

Marcel Desautels CCMF Journal of Integrative Thinking

Marcel Desautels Centre for Integrative Thinking

Dean's Excellence in Teaching & Research Award

AIC Institute for Corporate Citizenship

Petro-Canada Young Innovators Award

The Judy Project: Leadership Forum for Executive Women

Total Other Programs

$

25,434,495

509,027

9,422,020

12,709,692

5,301,075

53,376,309

1,075

1,000,000

1,000,000

100,000

3,000,000

200,000

0

5,301,075

%

47.65%

0.95%

17.65%

23.81%

9.93%

100%

Operating Gross Expenditure For Fiscal Years 2007–08 (All Sources)

Pledges and PaymentAs of April 30, 2008

Based on our Rotman Development Report

Breakdown of Fundraising EndowmentAs of April 30, 2008

Based on our Rotman Development Report

Financial Report and Statistics

1110

Kimberly Cohen (MBA ’95)CEOBrown & Cohen Communications & PublicAffairs Inc

James D. Coutts (MBA ’99)President & FounderJ D Coutts Group Inc

Cameron L. Fellman (MBA ’65)PartnerinFORM Inc.

Jane S. Gertner (MBA ’76)Principal Jane Gertner Associates Inc

Franklin L. Hall (MBA ’80)Managing DirectorHall Motorsport Management Ltd.

Manfred Koo (MBA ’02)Senior Consultant Courtyard Group

Gerald Legrove (MBA ’85)PresidentOakwood Financial Inc.

Jay Nicholson (MBA ’02)Associate VP, National Sales Manager TD Canada Trust

Shruti Owerie (MBA ’06)Account DirectorJWT Enterprise

Desmond Preudhomme (MBA ’99)Manager, Project ManagementDell Canada

Andrea Rudnick (MBA ’96)Vice President Corporate Development andInvestor Relations Dundee Wealth Inc

Rizwan A. Suleiman (MBA ’02)Institutional Equity ResearchCredit Suisse Canada

27.1%

16.4%

11.2%

7.1%

5.7%

5.7%

5.4%

5.3%

3.5%

3.3%

3.2%

2.1%

1.1%

1.1%

1.0%

0.8%

Area of Origin

Europe

Latin America and the Caribbean

North America

Asia

Africa and Middle East

4

10

171

75

4

Full-Time MBA Class of 2009

Rotman

Columbia

Stanford

Harvard

Wharton

67%

62%

40%

40%

35%

International Faculty *

* Financial Times 2008 MBA Rankings.

Some Top Employers Others Hiring 2007 Grads

Rotman at a Glance

Where We Stand

Bell Canada EnterprisesBMO Financial GroupCIBCDeloitte ConsultingIBM Canada Ltd.RBC Financial GroupScotiabankSmart CentresTD Bank Financial Group

BusinessWeek ranks Rotman in the “International Top Ten”(October 2006)

The Financial Times ranks Rotman:- 40th among the top 100 MBA programs in the world

- Top 20 in North America- Top 20 worldwide for faculty research

- Top 20 worldwide for alumnirecommendations

- 8th worldwide for international faculty

- 6th worldwide for finance (January 2008)

Darlene A.Varaleau (MBA ’95)PrincipalPower Projects Inc.

Anita Marie Windisman (MBA ’03)Account Manager, Corporate Health Services Medisys Health Group

The Rotman International Centre for Pension ManagementBoard of DirectorsThe Rotman ICPM Board of Directorsapproves and oversees the implementation ofthe Centre’s strategic and operating plans.The ICPM Board is comprised of bothRotman faculty and recognized internationalindustry leaders.

Rob BauerProfessor of Institutional Investors,Faculty of Economics and BusinessAdministrationMaastricht University

Robert BertramExecutive Vice President, InvestmentsOntario Teachers’ Pension Plan Board

Laurence BoothFinance Area Coordinator and CIT Chair inStructured FinanceRotman School of Management

1312

Brendan CalderAdjunct Professor of Strategic Managementand Effective Executive-in-ResidenceRotman School of Management

Richard GuayActing President and Chief Executive Officerand Chief Investment OfficerCentre CDP Capital

Don RaymondSenior VP Public Market InvestmentsCPP Investment Board

In-ResidenceThe In-Residence program provides valuableextracurricular learning opportunities by con-necting industry experts with Rotman MBAstudents. Volunteers hold office hours andmeet with students to provide advice, guidanceand information relating to their respectiveareas of business expertise.

Larry Baldachin (MBA ’94)E-Executive-in-Residence

Elizabetta BigsbyExecutive-in-Residence

Brendan CalderEffective Executive-in-Residence

Edward J. KernaghanValue Investor-in-Residence

Aubrey SugarExecutive-in-Residence

Larry WasserEntrepreneur-in-Residence

Ron YamadaHealth and Life Sciences Sector Strategy Executive-in-Residence

Financial Services

Professional Services

IT/Telecommunications

Manufacturing/Engineering/Chemical

Consumer Goods/Retail

Education

Health Care/Pharma

Independent Consultant

Government/Public Services

Power/Energy/Utilities

Real Estate/Construction

Media/Publishing/Entertainment

Transportation/Distribution

Associations/Not for Profit

Agriculture/Natural Resources

Hospitality/Food Service/Travel

Alumni By Industry

AccentureBruce Mau DesignDundee Wealth ManagementFedExGlaxoSmithKlineInfosys TechnologiesKraft CanadaWorld Vision Canada

To play a part in fulfilling the Rotman School’s vision,please contact one of the following members of ourteam to discuss current giving opportunities:

Ann HatchExecutive Director, Developmentann.hatch@rotman.utoronto.caTel: 416.946.7841

Karen PapazianAssociate Direct, Developmentkaren.papazian@rotman.utoronto.caTel: 416.946.3622

Brian TannerManager, Annual Givingbrian.tanner@rotman.utoronto.caTel: 416.946.0439

Heather UllmanAssociate Director, Annual Fundheather.ullman@rotman.utoronto.caTel: 416.946.3975

Rotman School of ManagementUniversity of Toronto105 St. George StreetToronto, Ontario, Canada M5S 3E6

For more information or to make a gift on-line, visit rotman.utoronto.ca/supportrotman

Charitable Registration Number 10816 2330 RR0001