Richard Ivey School of Business receives generous $15-million donation from Ivey Family

    Donation to fund top-grade environmental standing

    LONDON, ON, Sept. 10 /CNW/ - The new building for the Richard Ivey School
of Business will be so green it's gold - gold standard in the green building
rating system - thanks to a generous donation from Richard M. (Dick) Ivey.
    Mr. Ivey announced a new $8.5-million commitment to Ivey, of which $5
million will be used to ensure the structure achieves a gold-level Leadership
in Energy and Environmental Design (LEED)-certification from the Canadian
Green Building Council.
    The LEED rating system is a voluntary, consensus-based, national standard
for developing high-performance, sustainable buildings and grades the amount
of sustainable influence on the design and development.
    "As a thought leader in sustainability, we are proud that our new home
will be as environmentally friendly and energy efficient as possible and we
are extremely grateful to the Ivey family for helping us meet this high
standard," said Carol Stephenson, Dean, Richard Ivey School of Business. "The
building supports the School's strategy and cements Ivey's position as one of
the preeminent business schools in the world."
    The announcement was made today at a ceremonial groundbreaking for the
new facility. It will be located on the west side of Western Road in front of
Brescia University College. The new facility will bring students, faculty and
staff - currently dispersed across five locations in London - under one roof
and will accommodate Ivey's strong enrolment growth.
    "We are delighted to contribute to this project and to enhance the
experience of Ivey students," said Dick Ivey. "Supporting environmental causes
is very close to our hearts so we are pleased the new Ivey building will
incorporate this high environmental standard."
    The gold certification makes the facility one of the greenest buildings
in North America.
    This gift from Mr. Ivey increases a commitment the Ivey family made in
2007 from $6.5 million to $15 million which provides the foundation for Ivey's
next campaign. The Ivey family's long-standing commitment to the Ivey Business
School now exceeds $28 million. Today's extraordinary gift cements the Ivey
family's support for The University of Western Ontario as one of the most
significant relationships between a family and a Canadian university.
    "The Ivey family has been incredibly generous and consistent in their
support for Western and for our Richard Ivey School of Business," said Western
President Amit Chakma. "This donation, like others from the family, will have
an enormous impact on our ability to ensure that Western remains a leader in
research and education."
    The $15-million Ivey Family gift is comprised of $5 million to support
the new building; $3 million to establish a unique program that matches
unrestricted endowed gifts; $1 million endowment to support initiatives in
corporate social responsibility; $1.5 million directed to the Lawrence G. Tapp
Chair in Leadership and $4.5 million as a bequest from Dick Ivey.
    Officials attending the groundbreaking ceremony included representatives
of the federal and Ontario governments, along with Siamak Hariri, Partner,
Hariri Pontarini Architects, the building's architect; Brian Waltham,
Vice-President, Southwestern Ontario, EllisDon, the general contractor; and
members of the Ivey family.
    Funding for this project is being provided by the Government of Canada's
Knowledge Infrastructure Program and through Ontario Government's 2009 Budget.

    About the Richard Ivey School of Business, The University of Western

    The Richard Ivey School of Business at The University of Western Ontario
( offers undergraduate (HBA ( and graduate (MBA
(, Executive MBA ( and PhD
( degree programs in addition to non-degree
Executive Development programs. Ivey has campuses in London (Ontario), Toronto
(, and Hong Kong. Ivey recently redesigned its curriculum
to focus on Cross-Enterprise Leadership ( - a holistic
issues-based approach to management education that meets the demands of
today's complex global business world.

For further information:

For further information: Dawn Milne, Communications Specialist, Richard
Ivey School of Business, (519) 850-2536,

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