UTown@UBC not only supports ecological and social sustainability through innovative green building practices and community-building, it drives economic sustainability as well!
Since development of UTown@UBC began in the 1990's, land lease proceeds have contributed over $343 million to various endowments; that's approximately 30% of the total value of the UBC Endowment! These funds help support UBC's academic mission, to be a globally significant university and a leader in student experience, teaching and research, by supporting a range of academic and infrastructure initiatives, including:
- Over $30 million in funding to Scholarships and Chairs through donor match fund contributions;
- $68 million contributed to the Student Housing and Financing Endowment (2011 to present);
Financing of capital projects, including:
- Irving K. Barber Learning Centre ($2 million)
- Robert Lee Graduate School ($5 million)
- $5.8 million to professorships and $4.0 milion to fellowships through the President's Match Endowment
- $1.25 million to The Martha Piper Fund, to establish and advance collaborative interdisciplinary research projects between UBC faculty members and international partners.
To optimize land value, the Board of Governors established a policy that does not allow land at UBC to be sold; instead, it is leased for 99 years, and remains the property of UBC.
For more information on the UBC Endowment, please see Endowments at UBC.