UOIT announces $125,000 donation from HSBC Bank Canada
February 28, 2008
Gift will establish endowment to support students in financial needOSHAWA, Ont. - HSBC Bank Canada officials joined students, faculty and staff from the University of Ontario Institute of Technology (UOIT) at the Oshawa campus today to officially announce a $125,000 donation from HSBC Bank Canada that will provide significant financial aid to students for years to come.
The gift includes $100,000 to establish the HSBC Bank Canada Endowment Fund to support UOIT students in perpetuity. The donation qualifies for matching funds through the provincial government's Ontario Trust for Student Support (OTSS), bringing the total endowment to $200,000. In addition, $25,000 has been directed towards the creation of the HSBC Bank Canada Awards to be distributed over a five-year period. Through this initiative by HSBC Bank Canada, a total of $225,000 has been generated for the benefit of UOIT students.
"At HSBC Bank Canada, we believe that access to higher education is key to ensuring the future prosperity of the country," said Linda Seymour, senior vice-president, Ontario Region, HSBC Bank Canada. "We are very pleased that these new awards will help deserving students achieve their goals at UOIT and we hope that the recipients will go on to make significant contributions to the community in the future. HSBC Bank Canada is growing and with the opening of our new Oshawa branch, we will continue to support the community where we live and work."
The HSBC Bank Canada Awards will support third- and fourth-year students who are studying in UOIT's Bachelor of Commerce (Honours) program and in need of financial assistance. Award recipients will also have achieved an academic average of 80 per cent and demonstrated positive contributions to the community and campus life.
The inaugural recipients of the HSBC Bank Canada Awards are Terence Adam Doran and Tyler Duffin.
"On behalf of current and future Faculty of Business and Information Technology Commerce students here at UOIT, I would like to thank everyone at HSBC Bank Canada for this generous gift," said Dr. Ronald Bordessa, president of UOIT. "The establishment of this endowment award fund will not only alleviate the financial barriers often encountered by students, but will also allow greater access to UOIT's leading-edge learning environment. We're proud that our innovative Commerce program is providing students with the skills and experience needed to position them as next-generation business leaders who will contribute new solutions to the ever-changing global economy."
Strong partnerships with respected employers such as HSBC Bank Canada provide students with greater access to UOIT's innovative programming, hands-on research opportunities, state-of-the-art facilities, globally experienced professors and exceptional student life experience.
About UOIT
As an innovative university, UOIT delivers a leading-edge learning environment that uniquely combines academic knowledge, research opportunities, hands-on skills and a vibrant student life. UOIT's 5,000 students are taught by professors who are experts in their fields from around the world. As Ontario's first laptop-based university, the university offers a diverse array of challenging undergraduate and graduate degree programs through its faculties of Business and Information Technology; Criminology, Justice and Policy Studies; Education; Engineering and Applied Science; Health Sciences; and Science, and its School of Energy Systems and Nuclear Science. UOIT's commitment to research excellence has resulted in millions of dollars in grants and awards, including five Canada Research Chairs. To find out more, visit www.uoit.ca or call 905.721.8668.
About HSBC
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170 offices and is the leading international bank in Canada. With around 10,000 offices in 83 countries and territories and assets of US$2,150 billion at June 30, 2007, the HSBC Group is one of the world's largest banking and financial services organizations.
Media contacts:
Michael Edmonds
Senior Manager, Public Affairs
HSBC Bank Canada
416.868.3878
The gift includes $100,000 to establish the HSBC Bank Canada Endowment Fund to support UOIT students in perpetuity. The donation qualifies for matching funds through the provincial government's Ontario Trust for Student Support (OTSS), bringing the total endowment to $200,000. In addition, $25,000 has been directed towards the creation of the HSBC Bank Canada Awards to be distributed over a five-year period. Through this initiative by HSBC Bank Canada, a total of $225,000 has been generated for the benefit of UOIT students.
"At HSBC Bank Canada, we believe that access to higher education is key to ensuring the future prosperity of the country," said Linda Seymour, senior vice-president, Ontario Region, HSBC Bank Canada. "We are very pleased that these new awards will help deserving students achieve their goals at UOIT and we hope that the recipients will go on to make significant contributions to the community in the future. HSBC Bank Canada is growing and with the opening of our new Oshawa branch, we will continue to support the community where we live and work."
The HSBC Bank Canada Awards will support third- and fourth-year students who are studying in UOIT's Bachelor of Commerce (Honours) program and in need of financial assistance. Award recipients will also have achieved an academic average of 80 per cent and demonstrated positive contributions to the community and campus life.
The inaugural recipients of the HSBC Bank Canada Awards are Terence Adam Doran and Tyler Duffin.
"On behalf of current and future Faculty of Business and Information Technology Commerce students here at UOIT, I would like to thank everyone at HSBC Bank Canada for this generous gift," said Dr. Ronald Bordessa, president of UOIT. "The establishment of this endowment award fund will not only alleviate the financial barriers often encountered by students, but will also allow greater access to UOIT's leading-edge learning environment. We're proud that our innovative Commerce program is providing students with the skills and experience needed to position them as next-generation business leaders who will contribute new solutions to the ever-changing global economy."
Strong partnerships with respected employers such as HSBC Bank Canada provide students with greater access to UOIT's innovative programming, hands-on research opportunities, state-of-the-art facilities, globally experienced professors and exceptional student life experience.
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About UOIT
As an innovative university, UOIT delivers a leading-edge learning environment that uniquely combines academic knowledge, research opportunities, hands-on skills and a vibrant student life. UOIT's 5,000 students are taught by professors who are experts in their fields from around the world. As Ontario's first laptop-based university, the university offers a diverse array of challenging undergraduate and graduate degree programs through its faculties of Business and Information Technology; Criminology, Justice and Policy Studies; Education; Engineering and Applied Science; Health Sciences; and Science, and its School of Energy Systems and Nuclear Science. UOIT's commitment to research excellence has resulted in millions of dollars in grants and awards, including five Canada Research Chairs. To find out more, visit www.uoit.ca or call 905.721.8668.
About HSBC
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170 offices and is the leading international bank in Canada. With around 10,000 offices in 83 countries and territories and assets of US$2,150 billion at June 30, 2007, the HSBC Group is one of the world's largest banking and financial services organizations.
Media contacts:
Michael Edmonds
Senior Manager, Public Affairs
HSBC Bank Canada
416.868.3878
About Ontario Tech University
A modern, forwarding-thinking university, Ontario Tech advances the discovery and application of knowledge to accelerate economic growth, regional development and social innovation. We inspire and equip our students and our graduates to make a positive impact in a tech-focused world. For us, it’s not only about developing the next tech breakthrough. Understanding and integrating the social and ethical implications of technology differentiates us as university. Learn more at ontariotechu.ca.
