Manulife Financial Ms

The Impact of Your Giving to The University of Waterloo Presented with gratitude to Manulife Financial June 2014 Ms. Marianne Harrison President and CEO Manulife Financial 500 King Street N., P.O. Box 1602 Waterloo, ON N2J 4C6 Dear Ms. Harrison: This report highlights the enormous impact Manulife Financial’s generosity has had on the university community in Waterloo, and on the local, national and international communities indirectly linked to us through our students, staff and faculty. In a world of ever-shrinking government budgets, your generosity has allowed us to award dozens of scholarships and bursaries, alleviating financial worries for many of our best and brightest students. You’ve also helped many students pursue co-op work terms in the vibrant not-for-profit and charity sectors, where they’ve learned lifelong lessons about the value of community service. And your extraordinary $1M gift to the Manulife Wellness Centre has brought renewed health and vitality to several specialized populations, including cancer and cardiac rehab patients and clinically overweight teens. We know that Manulife’s number-one priority is helping people with the “big” financial decisions, so they can thrive during uncertain times and better plan for the future. This is exactly what you have done for University of Waterloo students, and we are proud and honoured to count you as one of our most valued corporate partners. Please accept my sincere thanks, on behalf of the entire university community, for all you do to support us, our students, and the future prosperity of Waterloo region and beyond. Warmest regards, FErIDUN HAMDUllAHPUr President and Vice-Chancellor June 2014 2CONTENTS 45 Introduction: A rich History of Giving Financial Overview 67 Bringing Applied research to life: Manulife Wellness Centre Fostering Excellence in Actuarial Science Empowering Students to Create Positive Social Change Encouraging Gifted Women to Pursue Higher Mathematics Matching Gift Program, 1983-1992 911 12 AppendIces 13 14 16 17 Appendix A: Manulife Financial Corporate Giving, 1982 – 2014 Appendix B: Manulife Financial Matching Gifts Appendix c: Manulife Financial Corporate Sponsorship Appendix d: Manulife Financial National Scholarships of Excellence in Actuarial Science 18 19 Appendix e: Manulife Financial Upper Year Actuarial Scholarships Appendix d: Manulife Financial Community and World Service Award The impact of your giving | 5 A rich History of Giving Manulife Financial and the University of Waterloo have a long history of working together to make the world a better place. Manulife’s student-support gifts include: $100,000: 1993 – Manulife Financial Community World Service Endowment Beginning in 1982 with a generous gift to the University’s growing school of computer science, Manulife’s commitment to UWaterloo spans an impressive 32 years. During this time, Manulife’s significant and transformative gifts have included: $243,000: 1999-2010 – Manulife Financial National Scholarships in Actuarial Science $182,000: 2004-Present – Manulife Financial Upper Year Actuarial Scholarships $35,000: 1982 – David Cheriton School of Computer Science Our champions $30,000: 1988 – Waterloo research Institute in Insurance, Securities and Quantitative Finance These are but highlights of Manulife’s extensive support of the University’s work, but they reveal the profound commitment to excellence and community service for which Manulife is so well known by its clients, staff and community partners. $58,223.66: 1999 – Actuarial Education Fund $1,000,000: 2003 – Manulife Wellness Centre In 1957 the University of Waterloo was founded on a vision of collaboration between industry and academic partners; one that would yield the deep pool of highly skilled graduates needed to propel the post-war economy forward. student support Manulife has also recognized the ongoing need for a pool of highly skilled mathematics and actuarial graduates, and how this need has been affected by the financial challenges faced by today’s young students. That we have succeeded in this mandate for almost 60 years is due in no small part to the generosity of industry partners like Manulife – visionary leaders who recognize the value of supporting the case for academic excellence, and of investing in the young people who are our future. To that end, Manulife has generously funded many scholarships, including two significant programs aimed at attracting and training the world’s finest actuarial talent. In the following pages we celebrate some of the stories directly attributable to Manulife’s extraordinary 32-year history of supporting the work of UWaterloo. Honouring its own commitment to charity and service work, Manulife also established an endowment designed to support students pursuing co-op work terms in the not-for-profit sector. This gift, endowed for life, ensures charitably minded students will have funds to pay tuition, even if they’ve sacrificed earnings by taking low- or no-pay work terms. Thank you, to each and every one of you, for making our work possible. 43G2 Yeearsnoferosity Manulife’s generosity in supporting the University of Waterloo spans 32 years, and to date encompasses just over $1.8 million dollars. These gifts, funding a variety of projects, have been instrumental in allowing us to continue delivering the highest quality education to the world’s best and brightest students. Manulife Financial: Areas of support 11.98% 1.44% 2.66% 5.97% 54.51% years 23.44% 32 Cumulative Giving from 1982 till 2014 is $1,843,765.83 This is an average of $57,617.70 per year largest gift was a pledge in 2003 for $1 million in support of the Manulife - UWaterloo Wellness Center Advertising and Sponsorship / $110,000.00 / 5.97 % Areas of Highest Need / $26,543.57 / 1.44 % Capital Projects / $1,005,040.00 / 54.51 % Faculty Support / $49,057.60 / 2.66 % 10 gifts in support of Advertising and Sponsorship totaling $110,000 12 gifts in support of Areas of Highest Needs totaling $26,543.57 Programs / $220,912.66 / 11.98 % 4 gifts in support of Capital Projects totaling $1,005,040 Student Financial Aid / $432,212.00 / 23.44 % 22 gifts in support of Faculty Support totaling $49,057.60 22 gifts in support of Programs totaling $220,912.66 14 gifts in support of Student Financial Aid totaling $432,212 The impact of your giving | 5 I M pAc T O F YO U R G I V I n G : c A p I TA L p R OJ e c T s Bringing Applied research to life – and Helping Cancer Patients recover strength, Health and dignity The Manulife Wellness Centre houses innovative exercise programs for cancer patients, obese teens and firefighters-in-training. A landmark $1M gift from Manulife Financial established the Centre, providing the means for the University to bring exciting healthcare research out of the lab and into the community. A cancer diagnosis is life-altering, and, for most people, knocks exercise right off their to-do lists. Manulife’s generosity in supporting this research and making it available to those in need is a reflection of its profound commitment to helping Canadians live healthier and happier lives. But researchers in the University of Waterloo’s Faculty of Applied Health Science had data proving that exercise could help reduce the negative side effects of cancer treatment, and improve overall health and well-being. “Worn out from abdominal surgery, chemotherapy, and the whole business of cancer, my fitness level was low. But with each workout I found myself gaining greater strength, flexibility, stamina and energy. I began to feel like myself again, but now I was a much stronger version.” What they didn’t have was a way to take this research out of the lab and into the community, where it could help the people who needed it most. – peggy simon, UW WEll-FIT participant Manulife Financial solved this dilemma with a magnificent $1M gift establishing the Manulife Wellness Centre, which has now been up and running since 2003. This innovative multi-purpose fitness facility houses WEll-FIT, a ground breaking 12-week exercise program for people undergoing cancer treatment. To date some 1200+ patients have completed this program. This mostly older-adult population has benefitted enormously from Manulife’s generosity by regaining their strength and finding the energy to fight back against this deadly disease. The Centre also houses a program for clinically overweight teens, helps firefighters prepare for and pass their physical ability test, and offers a special program for women with hormone receptor-positive breast cancer, who may require years of hormone therapy following radiation and/or chemo. 00 I M pAc T O F YO U R G I V I n G : s T U d e n T F I n A n c I A L A I d Fostering Excellence in Actuarial science Two generous scholarships entirely funded by Manulife Financial have trained more than 50 of the world’s brightest students in actuarial science, resulting in a new generation of financial leaders. Manulife has always understood the need for highly skilled actuaries, and recognized the value in recruiting the best and brightest students to this demanding field. Manulife’s steadfast commitment of almost $500,000 to these students is an outstanding example of investing in academic excellence, and of leveling the playing field so all students have equal access to quality education. national scholarship 1999-2010 1999 – 2010: Putting this belief into action, Manulife funded a national scholarship in actuarial science between the years of 1999 and 2010. Incoming undergrads competed nationally for this coveted honour, which was awarded based on academic excellence, extracurricular activities, and interest in and capacity for mathematical excellence. Manulife Financial national scholarships of excellence in Actuarial science “Your scholarship helped me – once a child deemed hopeless at a South Korean high school – regain confidence in myself. It also means a lot to my family, who had decided immigration would be in the best interest of my education and my brother’s; we immigrated to Canada in June 2004, when I was seventeen years old.” Upper Year scholarship 2004-present At the close of the national scholarship, Manulife elected to continue its support by establishing a second scholarship, this one for the two upper years of study in double mathematics or actuarial science. This program now awards three $6,000 scholarships each year to outstanding students who’ve completed their second year of study and at least one professional exam, and are committed to careers in actuarial science. - clare park, seoul, South Korea, 2010-11 National Scholarship recipient “The Manulife Financial National Scholarship has been of great assistance in financing my undergraduate studies. I am also very appreciative of the work opportunities that came out of the scholarship, providing great exposure to exciting areas of life insurance. I am privileged to have had these opportunities at the beginning of my undergraduate studies. Thank you!” Those fortunate students who have completed their undergraduate degrees with the help of Manulife Financial have since gone on to graduate and doctoral work, and to rewarding careers in the financial services sector. - Jeffrey Baer, Thornhill, ON, 2007-11 National Scholarship recipient The impact of your giving | 7 Fostering excellence in Actuarial science (continued) 2004 – present: Manulife Financial Upper Year Actuarial scholarships 2013 recipient Yangxi Ou, from Guangzhou, Guangdong, China. Yangxi is now pursuing a PhD in Mathematical Sciences at Carnegie Mellon University, and hopes his future will include “solving real-world financial problems with mathematical precision and rigour.” 2013 recipient Fabian Kwan, from Markham, ON. “Thank you so much for this award. For a family with a below-median household income, this award has been a huge relief. For me, receiving this award is a testament to my work ethic and university “The Manulife scholarship is a great honour for me. It has helped my resume stand out from those of my peers, and won me several valuable co-op opportunities. It has also motivated my academic and professional endeavours during the past three years. Last but not least, with its help, I could pay my tuition by myself and not rely on my parents. I am proud of this independence. Thank you.” involvement. I put in a lot of work to succeed academically and professionally, and to give back to the university community. This award gives me the confidence and motivation to continue to do so, and I’m extremely appreciative of this blessing.” 8I M pAc T O F YO U R G I V I n G : p R O G R A M s Empowering Students to Create Positive social change Manulife’s 1993 establishment of the Manulife Financial Community and World Service Co-op Scholarship Fund has helped dozens of students pursue co-op terms with charities, not-for-profits and NGOs around the world. Back in the early ‘90s, the University of Waterloo was wrestling with a challenge both practical and philosophical. How could a university with the largest co-operative education program in Canada support students whose interests lay in the less-lucrative but still vitally important charitable and communityservice sectors? The answer was to establish a financial award for students who consciously undertook unpaid or low-paid work terms in these sectors. Students could then take on these rewarding assignments without worrying about paying next term’s tuition. Manulife, with its long-term commitment to community service, saw the potential of helping bright young minds experience the power of the Victoria “Tori” nevin – 2013 recipient BA, legal Studies – Arts and Business philanthropic sector, and generously endowed $100,000 to fund this award in perpetuity. Tori Nevin spent a work term volunteering as a teaching assistant with The Esperanza Project in Cabrera, Dominican republic during the winter 2013 Since then, the award has helped dozens of students term. There she taught English, reading, math and pursue their dreams of making a difference in the physed to kids ranging in age from six to 12, and lives of others, and has indirectly helped thousands provided support to the teachers wherever she could. of people who’ve benefited from the students’ con- tributions. “One of my best memories is having one of my students read to me from a book for the first time. That taught me how easy it is to make a difference in someone’s life. Working with disadvantaged or vulnerable people is definitely something I hope to do in my future career,” and “I’m so grateful to Manulife for giving me this experience.” The faculty, staff, alumni and students of Waterloo’s Faculty to Arts are indebted to Manulife for this generous gift, and for its far-sighted commitment to building the compassionate citizens of tomorrow. Tori completed her BA this past September, and was accepted at Osgoode Hall law School, where she plans to prepare for a legal career in the social justice arena. The impact of your giving | 9 Empowering Students to Create Positive Social Change (continued) He found exactly what he wanted with Student Open Circles, a not-for-profit that matches McMaster students with volunteer opportunities in Hamilton. Graham spent his work term coordinating the organization’s student teams, marshalling a small army of volunteers who serve the city’s underprivileged kids, adults with special needs, homeless populations and more. When he returned to Waterloo, Graham put his new found facilitation and organization skills to work, bringing together a group of peers to volunteer as afterschool homework helpers for local elementary kids. “I’ve always done volunteer work, but it was a tough decision to take on a co-op without a paycheque.” says Graham. I’m so grateful for Manulife’s support, and hope they’ll be pleased to see the ripple effects of their generosity all over Hamilton and Waterloo.” Graham Watson – 2013 recipient BA, Peace and Conflict Studies – Arts and Business Graham Watson was looking for a service placement that would help him hone his facilitation skills over the 2013 winter work term. Manulife Financial community & World service Award endowment projected 2013-14 expenditure Account Activity principal Opening Balance as of May 1, 2013 Amount $195,124.72 $5,853.74 $4,154.43 Council-approved income allocation: 3% Plus or minus Expenditure Account Closing Balance as at April 30, 2013 *<ul style="display: flex;"><li style="flex:1">Anticipated available for expenditure 2014/2015 </li><li style="flex:1">$10,008.17 </li></ul>0 remaining funds will be returned to the principal opening balance of the endowment. Full endowment report available fall, 2014. 10 I M pAc T O F YO U R G I V I n G : s p O n s O R s H I p s U p p O R T Encouraging Gifted Women to Pursue Higher Mathematics Manulife’s gold-level sponsorship of Waterloo’s Summer School for Women in Math is breaking down barriers to graduate-level education in mathematics for Canada’s top female math students. Housing one of the best math programs in the world, the University of Waterloo has always been a magnet for the world’s top math students, both male and female. But admission staff noticed a definite gender gap when it came to graduate studies, with many fewer women than men enrolling in programs beyond the undergraduate level. research indicated that female students would be more likely to become engaged and adventurous in their study of math in a female-only environment. So the University proposed an innovative two-week summer math course just for women, targeted at the brightest female math students across the country.

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