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Annual Report of the Killam Trustees 2020

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Annual Report of the Killam Trustees 2020 Annual Report of the Killam Trustees 2020 Building Canada’s future through advanced study. Contribuer à l’avenir du Canada par le biais des études supérieures. Contents Mission 3 Message from the Trustees 5 Vision 7 The Killam Institutions 9 In the News 11 2020 Killam Laureates 15 University of Alberta 16 The University of British Columbia 17 University of Calgary 20 Canada Council for the Arts 21 Dalhousie University 22 The Neuro (Montreal Neurological Institute-Hospital) 23 Stay Connected 24 To provide scholarships, fellowships, prizes and other funding to scholars who contribute to building Canada’s future and increasing the scientific attainment of Canadians through research excellence. Mission Mission | 2020 Annual Report 3 Numbers speak volumes. To date, more than 7,500 scholarships, fellowships, awards & prizes have been awarded to graduate and post-graduate students, faculty and groundbreaking researchers. 6 Since inception, the Killam Trusts have provided more than $1 billion of Killam Institutions funding to higher education in Canada. No other private philanthropic Canada Council for the Arts Dalhousie University $1,000,000,000 effort has contributed this level of funding to higher education in Canada. University of Alberta The University of British Columbia Total amount provided for higher The Neuro 2020 University of Calgary education in Canada In addition to many renewed Killam scholarships and fellowships, more than 200 scholars received support from Killam Trusts in 2020. Congratulations to all. 7,500 $500M $100K The new Killam laureates are listed at the end of this report. They are Killam Laureates Killam Award for each ready, productive, diverse, innovative and globally-aware, and they will worldwide endowments Killam Prize honour Dorothy J. Killam’s transformative vision to fund people’s minds – to fund the future. Research Innovation Humanity Multidisciplinary Our Excellence Original, future-focused Compassion, inclusion Collaboration Superior, ground- generation of new and understanding of Thoughtful cooperation Values breaking, best-in-class knowledge and technology people, cultures and needs among scholars, disciplines work. that will change the way with participation among and institutions. we live. all economic, social and cultural backgrounds. Mission | 2020 Annual Report 4 “A society is a cooperative venture for mutual advantage.” – JOHN RAWLS, PHILOSOPHER (1921-2002) Message from the Trustees Message from the Trustees | 2020 Annual Report 5 The Killam Trusts and Intergenerational and, the ensuing transformation of society may be greater than what was experienced during the Killams’ lifetimes. The right response to change is to Fairness evaluate each possibility, accept that which cannot be altered, and change that which can – to ensure the improvements reflect the aspirations, values and goals Dorothy Johnson Killam cared about intergenerational fairness. of our society. The Killam Trusts continue, many generations after their formation, She exhibited this compassion and concern by creating a perpetual trust to to “help in the building of Canada’s future by encouraging advanced study.” build Canada’s future through advanced research and study. Since 1967, all As Trustees of the Killam Trusts, one of our responsibilities is to ensure generations of scholars and researchers, from across Canada and around the intergenerational fairness. This has an obvious financial component, but what is world, have received more than $1 billion in support from the Killam Trusts. becoming increasingly evident is that intergenerational fairness also must promote Dorothy and her husband, Isaac Walton Killam of Nova Scotia, lived through environmental and social sustainability. The research and scholarship funded the last global pandemic (the Spanish flu), two world wars, and the social, by the Killam Trusts inform all of us about how we can build a better society. As economic and geopolitical changes of the post-war period. She created the John Rawls said, “a society is a cooperative venture for mutual advantage.” Killam Trusts toward the end of her long life, after experiencing these history- As we strive for research excellence and a future that ensures equity, diversity, changing events. Her exceptional bequest showed that, despite the global inclusion and sustainability for generations to come, there is clearly work to tumult of her lifetime, she remained optimistic about the future and had a be done. Thank goodness Mrs. Killam cared enough about intergenerational foundational confidence in the power of research and scholarship. She fairness to create the Killam Trusts. foresaw the innovation economy and the need for investment in advanced research for integrated economic, environmental and social well-being. We are honoured to be the guardians of the Killam mission, and we hope you enjoy this Annual Report. The COVID-19 pandemic is the most significant global event of this century. In addition to bringing change, the pandemic has accelerated pre-existing shifts, Bernie Miller The Killam Trustees The Honourable Bernard F. Miller, QC, Jim Dinning, Brenda J. Eaton, Kevin G. Lynch, Managing Trustee C.M., F.ICD, LLD MA, ICD.D PC, OC, PhD, LLD Message from the Trustees | 2020 Annual Report 6 “My purpose in establishing the Killam Trusts is to help in the building of Canada’s future by encouraging advanced study.” – FROM THE WILL OF DOROTHY J. KILLAM, 1965 Vision Vision | 2020 Annual Report 7 Establishment of the Killam Trusts Both Izaak Walton Killam and Dorothy Johnston Killam believed in the power of education and research. So when Mrs. Killam died, she created the Trusts in honour of her husband and left their combined estates to specific educational purposes and institutions. The Killam Trusts were established in 1965 for the benefit of scholars at Dalhousie University, the Montreal Neurological Institute-Hospital of McGill University (now The Neuro), the University of Alberta, the University of Calgary, the University of British Columbia, and the Canada Council for the Arts. Dalhousie University 40 Montreal Neurological Institute (The Neuro) 5 As the Trusts were created by Mrs. Killam in honour of her late husband, Canada Council forOriginal the Arts Testamentary Bequests20 she chose institutions based upon the geographic regions where Mr. University of Alberta/University of Calgary (shared two thirds/one third) 20 University of British(Not Columbia including Anonymous Donor’s Fund) 15 Killam held business interests during his lifetime. The Canada Council received Killam funding as it was originally founded from the estate duties of Mr. Killam, along with those of Sir James Dunn. The Neuro was selected because it had provided excellent medical care to a relative of 15% nDalhousie Dalhousie University University Mrs. Killam. Mrs. Killam’s personal nurses were often sourced from there nMontreal The Neuro Neur ological (Montreal Institute Neurological (The as well. This chart depicts the share each institution received from the 40% Neuro)Institute-Hospital) original $75 million, back in 1967. 20% nCanada Canada Council Council for the forArts the Arts nUniversity University of Alberta/University of Alberta/University of of Calgary Calgary(shared (shared two two thirds/one thirds/one third) nUniversity The University of British Columbia of British Columbia 20% 5% Vision | 2020 Annual Report 8 Our sincere appreciation to the senior administration, faculty and staff at the six Killam institutions for their invaluable collaboration in making the Killam Trusts a great success. The Killam Institutions The Killam Institutions | 2020 Annual Report 9 2019 2020 General $36,576,000 $34,940,007 Endowment Memorial $18,972,000 $18,122,889 Salaries Advanced $26,497,000 $25,311,594 2019 2020 Studies General Endowment $46,590,418 $40,499,040 MemorialMarket Salaries Values –$33,599,196 Killam$29,036,644 Funds Memorial Chairs $14,556,541 $12,580,196 The University of British Columbia 2019 2020 Advanced Studies $38,618,696 $33,953,485 Advanced Studies General Endowment $32,579,177 $30,517,716 University of Alberta (Residue) Memorial Salaries 2019 2020 Memorial Salaries $32,643,229 $30,577,715 Advanced Studies General Memorial Chairs $10,533,126General $9,930,480Endowment $12,953,171 $11,827,174 Endowment Research & Memorial Chairs $41,825,692 $39,179,167$M 0 5 10 15 20 25 30 35 40 Memorial Scholarship $11,436,923 $10,412,515 2020 20 19 Salaries Memorial Salaries Advanced Studies $36,495,868 $34,186,588 Memorial $2,584,847 $2,354,074 Chairs General Endowment Advanced Dalhousie University $9,106,656 $8,291,568$M 0 10 20 30 40 50 Studies 2020 20 19 Advanced Studies Research & Scholarship University of Calgary Memorial Chairs Advanced Studies Memorial Salaries Memorial Chairs General Endowment General Endowment (Residue) 2019 2020 (Residue) Combined 2019 2020 Memorial Salaries $M 0 5 10 15 20 25 30 35 40 45 Advanced General Endowment (Fund A) $9,251,122 $8,512,544 Studies & 2020 20 19 General Endowment Advanced Studies (Fund B) $7,822,145 $7,275,227 Anonymous 0 $70,630,000 $67,109,300 Donors' $M 0 2 4 6 8 10 12 14 Fund 2020 20 19 The Neuro (Montreal Neurological Institute-Hospital) 2020 Canada Council for the Arts 20 19 2020 $M 0 2 4 6 8 10 20 19 Advanced Studies (Fund B) General Endowment (Fund A) $M 0 10 20 30 40 50 60 70 80 Combined Advanced Studies & Anonymous Donors’ Fund The Killam Institutions | 2020 Annual Report 10 Highlights of people, research projects and accomplishments that made waves in 2020. In the News In the News | 2020 Annual Report 11 People Virtual Killam In January of 2020, Dalhousie University officially welcomed Dr. Deep The regional tour of the Killam Institutions took place virtually this year. Saini as he began his term as Dalhousie’s 12th President. Prior to his We sincerely appreciate the time and efforts each location dedicated to appointment, Dr. Saini served as vice-chancellor and president of the the annual meetings with the Trustees. The University of Calgary and the University of Canberra in Australia, and he also had worked at four of University of British Columbia held virtual celebrations of the 2020 Killam Canada’s U15 universities.
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