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Western University
Western University traces its endowment to 1878. The university established Foundation Western in 1970 to manage donated funds for scholarships and priority...
Western University
Western University traces its endowment to 1878. The university established Foundation Western in 1970 to manage donated funds for scholarships and priority projects. The endowment operates separately from operating budgets yet supports the same academic mission. The endowment deploys capital across public equities, fixed income, real estate, and infrastructure. It holds positions in Intact Financial Corp, TMX Group, and Primaris Real Estate Investment Trust within its mid-term portfolio. Geographic exposure centers on Canada and global developed markets through managers including Beutel Goodman and MFS Investment Management. The real assets sleeve reached 16 percent of total assets, including commitments to TD Greystone Real Estate LP Fund and an Energy Transition Fund. The endowment reports 1.67 billion USD in assets. Western University maintains 1,432 employees and operates from its main campus in London, Ontario. It participates in the CAUBO Investment Survey for benchmarking. Foundation Western and the University of Western Ontario Foundation Inc. handle philanthropic flows in Canada and the United States. The endowment sits inside a public university governed by a Board of Governors and an Investment Committee that includes external members such as Doug Greaves, former CIO of Canada Post Pension Fund. This structure separates investment decisions from academic operations while tying distributions directly to university spending needs.
General information
Firm type
Endowment / Foundation
Year founded
1878
Location
Region
North America
Country
Canada
City
London
Corporate office
1151 Richmond Street, London, Ontario, Canada
Principals
Lynn Logan
Chair of the Investment Committee and Vice-President (Operations & Finance)
Doug Greaves
Member of the Investment Committee
Tom Keenleyside
Associate Director of Investments
Sector focus
Frequently asked questions
Who runs investment decisions at Western University?
Lynn Logan chairs the Investment Committee. Doug Greaves and Martin Bélanger serve as members. Tom Keenleyside acts as Associate Director of Investments.
Does Western University participate in fund commitments or only direct deals?
The endowment commits to external funds including TD Greystone Real Estate LP Fund, Mawer Private Equity, and an Energy Transition Fund. It also holds direct real estate and infrastructure assets.
What asset classes does the endowment target?
Allocations include public equities, fixed income, real estate, and infrastructure. Sustainable and impact strategies reached 10.2 percent in 2024.
Where does the underlying capital come from?
Funds originate from donations, government grants, sponsorships, and registration fees. Foundation Western channels unrestricted gifts to university priorities.
Which service providers support the endowment?
State Street Global Advisors serves as custodian. KPMG acts as auditor. Beutel Goodman, MFS Investment Management, and Highstreet Asset Management manage portions of the portfolio.
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