News from the Trent Board of Governors Meeting: February 4, 2022
$1M fundraising campaign at Trent Durham and continued ‘A’ with stable trends credit rating lauded as key signs of University health & sustainability
The Trent University Board of Governors held its February meeting, virtually on February 4. In her introductory remarks, Board chair Debra Cooper Burger acknowledged a number of recent accomplishments for Trent, including an Environmental Excellence Award for Business from Otonabee Conservation, recognizing Trent for environmental leadership through education and the Trent Lands and Nature Areas Plan, and Order of Canada appointments bestowed on five members of the Trent community, including alumni Yann Martel ’81 and Ian Tamblyn ’67.
Other highlights from the February 4 meeting:
Trent Continues to Hold “A” with Stable Trends Credit Rating
The Board received a report that DBRS Morningstar confirmed an “A” rating with stable trends for the University reflecting “Trent’s academic profile as a primarily undergraduate university in the Province of Ontario, robust enrolment growth, and a low and declining debt burden.” The rating is a strong signal Trent continues to perform well on key financial indicators that influence the market. Since Trent’s first debenture offering in 2017, this is the fifth consecutive year the University has received an A (stable) rating.
$1M Raised to Support Students at Trent Durham GTA
Sherry Booth, associate vice president of Philanthropy and Alumni Engagement, shared the results of a successful phase two of the fundraising Campaign for Trent Durham GTA, raising $1 million to support Trent Durham students with financial aid and experiential learning opportunities.
“As we mark the one-year anniversary of completing phase one of the Trent Durham GTA campaign, I am pleased to make yet another momentous announcement that, after raising an additional $1 million dollars for Trent Durham students, the Campaign for Trent Durham GTA is now officially complete raising a grand total of $6.6 million,” President Groarke shared with governors.
Applications Open for External Members for Board of Governors
Trent University is currently seeking external members for the Board of Governors to serve a three-year term as well as members to serve on the Audit and Investment Committee, Finance and Property Committee, and Trent Lands Committee, to serve one to three-year terms beginning July 1, 2022. Applications and nominations are due to the University Secretariat no later than February 25, 2022.
One of Canada's top universities, Trent University was founded on the ideal of interactive learning that's personal, purposeful and transformative. Consistently recognized nationally for leadership in teaching, research and student satisfaction, Trent attracts excellent students from across the country and around the world. Here, undergraduate and graduate students connect and collaborate with faculty, staff and their peers through diverse communities that span residential colleges, classrooms, disciplines, hands-on research, co-curricular and community-based activities. Across all disciplines, Trent brings critical, integrative thinking to life every day. Today, Trent's unique approach to personal development through supportive, collaborative community engagement is in more demand than ever. Students lead the way by co-creating experiences rooted in dialogue, diverse perspectives and collaboration. In a learning environment that builds life-long passion for inclusion, leadership and social change, Trent's students, alumni, faculty and staff are engaged global citizens who are catalysts in developing sustainable solutions to complex issues. Trent's Peterborough campus boasts award-winning architecture in a breathtaking natural setting on the banks of the Otonabee River, just 90 minutes from downtown Toronto, while Trent University Durham Greater Toronto Area, delivers a distinct mix of programming in the east GTA.
Cara Walsh, Communications & Media Relations Officer, Trent University, (705) 748-1011 x6240 or carawalsh@trentu.ca