Board of Governors APPENDIX II January 24, 2008

REPORT OF THE PROPERTY AND FINANCE COMMITTEE

Contents ConsentAgenda

Process for Late Supplemental Fee Approvals Yes

Annual Allocation from Western Fund Yes

Changes to Capital Budget Format No

Cassels Brock LLP Fellowship in Contract Law Yes

Green Shield Canada Foundation Fellowship in Medical Education Yes

Annual Report on Trademark Licensees/Bookstore Yes

Investment Committee Report Yes

Investment Committee Membership Yes

Quarterly Financial Report (Operating) Yes

Ancillary Financial Report Yes

Quarterly Ratio Report on Non-Endowed Funds Yes

Scholarships/Awards/Prizes Yes

FOR APPROVAL

1. Process for Late Supplemental Fee Approvals

Recommended: That the Board of Governors approve the process for late approval of new orrevised supplementary fees as outlined in Annex 1.

Background:

Each year, as part of the budget approval process, the Property and Finance Committee reviews andrecommends to the Board of Governors for approval various supplementary fees. These fees cover itemssuch as printed course packs, dental instrument kits, special activities, co-op placements, etc.

These fees are often variable and the amount of an individual fee may not be known in April/May when thebudget is approved. (For example, the cost of a course pack will be affected by the amount of royalties thatneed to be paid on the articles it contains and the content may not be fully determined until closer to the startof the semester.) In other cases, the need for a fee is not known at the time of budget preparation becausecourse design is not yet complete. As a result, P&F has been asked to approve new fees or revisions toapproved fees on an ad hoc basis outside the budget approval time frame. It has been suggested that it wouldbe preferable to have a regular process and timetable for late approval of these fees.

2. Annual Allocation from Western Fund

Recommended: That the available income from the Western Fund in 2007/08—$73,300—beallocated to the Ontario Graduate Scholarship (OGS) and the Ontario GraduateScholarships in Science and Technology (OGSST) programs.

Board of Governors APPENDIX IIJanuary 24, 2008 Page 2

Background:

This allocation reflects the University’s commitment to graduate studies and research, and will garner a 2:1match ($146,600) for total support to graduate students of $219,900.

The Western Fund is the University’s unrestricted endowment, held at Foundation Western, the income fromwhich may be allocated by the Board of Governors, upon recommendation of the President/Vice-Presidentsgroup, to the University’s highest priority project. It has been the focus of fund raising from the Board,through alumni contributions to the annual fund, and select major gift requests.

The fund consists of the general Western Fund, as well as several named funds. Income available forexpenditure in 2007/08 is itemized below:

The Western Fund- General $44,500The Western Fund- Board of Governors $20,000The Western Fund- W. A. McKenzie $2,250The Western Fund- Angus & Jean McKenzie $4,500The Western Fund – J. Connolly $225The Western Fund – J. Bailey $1,825Total $73,300

The OGS and OGSST programs are provincial matching gift programs that provide $10,000 in matchingfunds for every $5,000 of private funding. Awards are made by the province to top students provincially, andeach university is required to find the matching funds annually to support the students holding OGS andOGSST awards.

FOR INFORMATION

3. Changes to Capital Budget Format

Each year, the Operating and Capital Budgets set out the proposed spending for the coming year. Thatspending will take place in a longer term context which must be understood in evaluating the Operating andCapital Budgets.

The long term context for Western changed in May 2007 when the University issued its first debenture for$190 million. As part of this process, the University received a credit rating of AA from Standard & Poor’s.Part of the credit rating evaluation focused on a number of long-term obligations that the University manageson an ongoing basis: capital reserves and debt, employee future benefits, and deferred maintenance.

It is the administration’s intention to modify the format of the Capital Budget to include a section titled“Long-Term Financial Trends” that will specifically address Western’s ongoing management of theseobligations.

Capital Reserves and Debt

This section will identify the categories of capital debt and monitor compliance with the Capital Debt Policyestablished by the Board of Governors.

Employee Future Benefits

Subject to eligibility rules set within various collective agreements, the University provides medical, dentaland life insurance benefits to eligible employees after their employment with Western has ended. Thesebenefit obligations are included as a liability in Western’s financial statements and require proactive

Board of Governors APPENDIX IIJanuary 24, 2008 Page 3

strategies to contain the increase in these obligations over time.

Deferred Maintenance

Deferred Maintenance is defined as the work on the maintenance of physical facilities that has been deferredon a planned or unplanned basis due to a lack of funds. To avoid increasing the size of the deferredmaintenance backlog, it is necessary to carry out regular capital renewal projects to maintain the University’sfacilities.

4. Cassels Brock LLP Fellowship in Contract Law

At its meeting of January 15, 2008 the Property and Finance Committee approved the establishment of theCassels Brock LLP Fellowship in Contract Law at the Faculty of Law.

Donor andFunding:

The creation of this fellowship is made possible through a generous donation fromCassels Brock LLP in the amount of $100,000 total, received in five annual instalmentsof $20,000 beginning in March 2008 and ending in March 2012. At the end of the five-year period, the Fellowship will cease to exist.

Effective Date: January 1, 2008

Purpose: This expendable gift from Cassels Brock will support the establishment of the CasselsBrock LLP Fellowship in Contract Law for a period of five years from 2008-2012. Thisgift will support faculty research and will strengthen Western’s reputation as acomprehensive law school that is a major contributor to Canadian legal education. TheFellow will teach a first year course in contract law and facilitate the generation ofresearch about key topics pertaining to contract law. The creation of this Fellowshipwill ensure that Western Law is able to retain an individual who is an internationallyrecognized leader in the area of contract law.

Criteria: Appointments to the Fellowship will be conducted in accordance with the relevantpolicies of the University and on the recommendation of the Dean of Law.Appointments to the Cassels Brock LLP Fellowship in Contract Law will be renewableon an annual basis.

The appointed Fellow will normally be a full-time member of the Faculty of Law.

Reporting: The University, through the Faculty of Law, will report from time to time to CasselsBrock LLP concerning the activities of the Fellow.

5. Green Shield Canada Foundation Fellowship in Medical Education

At its meeting of January 15, 2008 the Property and Finance Committee approved the establishment of theGreen Shield Canada Foundation Fellowship at the Schulich School of Medicine & Dentistry.

Donor andFunding:

The creation of this fellowship is made possible through a generous donation from theGreen Shield Canada Foundation in the amount of $225,000.

Green Shield’s generous donation will be expended over three years beginning in 2008-2009 ($75,000 per annum) to support a fellowship at Schulich’s Windsor campus. Atthe end of the three-year period, the Fellowship will cease to exist.

Board of Governors APPENDIX IIJanuary 24, 2008 Page 4

Effective Date: January 1, 2008

Purpose: This expendable gift from Green Shield Canada Foundation will support theestablishment of the Green Shield Canada Foundation Fellowship in Medical Educationfor a period of three years from 2008-2009 to 2010-2011. The funds will allow Westernto recruit and retain a top faculty member to Windsor and provide adequate time for theholder of the fellowship to spend teaching undergraduate medical students in the newWindsor program.

Criteria: Appointments to the Fellowship will be conducted in accordance with the relevantpolicies of the University and on the recommendation of the Associate Dean, WindsorProgram & Director (in consultation with the Dean of the Schulich School of Medicine& Dentistry). The appointment will be for a period of three years.

Reporting: The University, through the Schulich School of Medicine & Dentistry, will report fromtime to time to Green Shield Canada Foundation concerning the activities of the Fellow.

6. Annual Report on Trademark Licensees/Bookstore

The Book Store at Western continues to maintain full compliance of all clothing vendors to the code ofconduct.

The ‘United Students Against Sweatshops’ (USAS) group continues to push for the industry to adopt aDesignated Suppliers Program (DSP) as outlined in the 2007 report. Progress has been contingent on a U.S.Department of Justice opinion letter on the program’s antitrust implications that was expected in late summer.This letter has yet to materialize which could delay implementation of the program for a significant periodof time.

In November 2007, a workshop was organized by the Worker’s Rights Consortium (WRC) to discuss the DSPand the issues that arise when it is transferred into Canadian context. This workshop succeeded in producingdialogue to seek a Canadian solution to the issue. It is important we develop a strategy that works for ourindustry moving forward.

The Book Store at Western recognizes the interests of the USAS and supports their efforts to help implementthe DSP in an effective manner. This initiative is being termed the ‘Sweat-Free Campus Campaign’ andbackground on the USAS’s position on this issue can be referenced at: http://www.studentsagainstsweatshops.org as well as a comprehensive FAQ at: http://www.workersrights.org/DSP/USASSweat-Free_Campus_Campaign_FAQ.pdf

The Book Store at Western will remain a leader regarding these issues by promoting the adoption of a codeof conduct for all campus stores in Canada as well as participating in strategy development. It will supportthe interest of student groups in achieving an ethical and responsible retail environment.

7. Investment Committee Report

See Annex 2.

8. Investment Committee Membership

The Property and Finance Committee approved the appointment of Mr. Richard Konrad to the InvestmentCommittee for a five-year term.

Board of Governors APPENDIX IIJanuary 24, 2008 Page 5

9. Quarterly Financial Report (Operating)

See Annex 3.

10. Ancillary Financial Report

See Annex 4.

11. Quarterly Ratio Report on Non-Endowed Funds

See Annex 5.

12. Scholarships/Awards/Prizes

See Annex 6.

Board of Governors APPENDIX IIJanuary 24, 2008 Annex 1

Process for Late Approval of New or Revised Supplementary Fees

Programs that anticipate the need for particular supplementary fees but are not able to determine preciselythe amount of the fee in time for submission with annual budget proposals should provide an estimated feefor inclusion in the annual budget document entitled “Program Specific Fees and Other Supplemental Fees.”

Final fees that are more than ten percent higher than the estimated fees, or new fees not anticipated at thetime of operating budget approval, will be submitted to the Property and Finance Committee for approvalon behalf of the Board of Governors in June, August and December. Approvals required in August andDecember will be sought by e-mail.

Final fees that are lower than the estimated fees, or are no more than ten percent higher, will be reported tothe Board for information through the Property and Finance Committee.

Board o f Governors January 24, 2008

A P P E N D I X I 1 Annex 2

Report of the Investment Committee For Information 1:his report outlines the performance of the operating and endowment investtnetit portfolio and the recent activities of the Investment Committee.

Performance The investment performance of the portfolio for the past four years was as follows:

Asset Class

Allnualized for Annual Annual Annual Annual

Four years Sept 30 Sept 30 Sept 30 Sept 30 Endillg 2007 2006 a m 2004 Sept 30.2007

Bonds 1.7% 4.2% 8.9% 4.7% 4.8% Alternative Investments (hedge funds) 6.0 5.7 4.2 NIA 5.1 Equities

Canadian 24.7 10.6 29.1 20.3 21.0 US 11.8 7.4 7.9 8.5 8.9 No11 North America11 15.8 16.0 20.4 16.8 17.2

Total Return 1 1 .O% 8.1% 14.0% 10.5% 10.9%

Policy Return 9.8% 7.8% 14.2% 10.3% 10.5%

For additional information, please refer to the attached pages, which show the amouilts held by each investment manager at September 30, 2007, the a~lllual and annualized returns by manager over the five years endilig September 30,2007.

Returns in relation to the obiective of a 5% real rate of return One of the Investment Committee's objectives is to earn a 5% real rate of return over the long term (i.e., to earn 5% over the rate of inflation, as measured by the Consumer Price Index). Inflation has averaged 2.1 % per year for the past five and 10 years.

For the four years ending September 30, 2007, the au~lualized rate of return was 8.8%, consisting of a nominal return of 10.9% less inflation of 2.1%. For the five years ending September 30, 2007, the annualized rate of return for the portfolio was 8.9%, which consisted of a nominal (actual) annualized return of 1 1.0% less 2.1% for inflation. The 5 year annualized return meets the Investment Committee's performance objective of a rate of return of 5%.

Value added bv Active Management Another of the Iilvestmellt Committee's objectives is to earn the return produced by the asset mix policy based on the returns of the market indices plus a premium to reflect the additional fees related to active management. 111 order to achieve this objective, investment managers with active investment mandates need to outperform their benchlnark indices. For example, Canadian equity managers need to outperforln the TSX Composite Index over time.

Over the five years ending September 30,2007, the actual annualized return for the portfolio was 1 1 .O%

Board o f Governors January 24, 2008

and the return generated by the market indices for the portfolio was 10.8% (the policy return). Over this period, our combination of managers achieved slightly higher results than could have been achieved by a passive or index style of management. It should be noted that over this period only 35% of the total portfolio was actively managed and 65% was passively managed. The portfolio now has 45% actively managed (September 07) due to some investment manager changes.

Returns and asset mix for the ten years ending September 30,2007 As shown on the attached schedules, the annualized return on the portfolio for the ten years ending September 30, 2007 was 7.1% before fees. Over this period illflation was 2.1%, resulting in an annualized real rate of retur~l of 5.0%, which meets the reaI rate of return objective of 5%. Over the ten years ending September 30,2007, the annualized return of 7.1% exceeded the policy return for the portfolio by 0.4% per year.

Book and Market Value of the Portfolio As at September 30,2007, the operating and elldowlne~lt portfolio had a book value of $373,525,000 and market value of $453,870,000, as follows:

Book Market Actual * Policy * Value Value Asset

($000'~) ($000'~) Asset Mix Mix

Bonds $132,560 $145,601 32.1% 35.0% Alternative Investments (hedge funds) 17,294 2 1,724 4.8 5.0 Canadian equities 62,843 102,223 22.5 20.0 US equities 80,776 9 1,940 20.3 20.0 Non-North American equities 80,052 92.3 82 20.3 20.0 Total $373.525 $453.870 100.0% 100.0%

At September 30,2007 the poi-tfolio co~lsisted of the following components: Portion related to Endowed funds $1 92,485,000 42.4% Portion related to Operating and Non-endowed funds 261,385.000 57.6% Total market value of portfolio $453,870,000 100.0%

Uptlate on Investment Committee Activities and Plans The Committee:

> Has hired JP Morgan to manage a US equity large cap limited longlshort pol-tfolio. JP Morgan will receive a 5% allocatioii of the total portfolio, or approximately $23 million within the first quarter of 2008.

> WiIl be meeting on April 14"', 2008 with members of Foundatioil Western's Investment Committee to discuss the possibility of pooling funds for investment purposes and working Inore closely together on investment issues.

> Is proceeding with the changes to the portfolio asset mix. The next steps will be to interview Real Estate and Private Equity managers.

*Note: In November 2007, Financial Services transferred funds among the investment managers to rebalance the portfolio to the policy mix.

Board o f Governors J a n u a r y 24, 2008

> Recognized and thanked Stu McBride for his contribution to the Investment Committee. Stu will be stepping down in March 2008 after serving on the Committee since its i~lceptiotl in the 1970's.

> Approved the appointment of Rick Konrad to the Committee and recommended his appointment to the Property and Finance Committee.

> Established an attendance policy that is the same as the attendance policy for the Board of Governors.

> Was informed about the work done by Treasury Staff in relation to questions raised by STAND (Students Taking Action Now: Darfur) about investments in the portfolio in companies active in Sudan.

Note: As at September 30,2007, Western's Operating and Endowment portfolio held no investments in companies that are Iisted as "Highest Offenders" in the November 30,2007 report entitled "Sudan Company Rankings" prepared by the Sudan Divestment Task Force. Of note is the fact that all the firms included on the "Highest Offenders" list are non-North American based companies. In August 2007, the Investment Committee for the Operating and Endowment portfolio changed from passive to active management for the non-Noi-th American portion of the portfolio resulting in there no longer being any "Highest Offenders" in the portfolio.

h Continues to monitor the exposure to non bank asset backed commercial paper in the portfolio.

Note: The amount of our exposure to non bank asset backed securities in the Operating and Endowment fund is $3.4 million or 75 basis points of the total portfolio (% of 1 % of the total operating and endowment portfolio). On January 2,2008, the investment Manager of the affected portfolio informed us that there will be a write down related to the non bank asset backed securities in the amount

- - . of $444,000 in order to adjust the market value of these assets to their fair value as at December 31,2007. This represents about 10 basis points (10/100ths of 1% of the total portfolio).

Total Fund

UWO Endowment - Total Fund

Canadian Stock Managers

Beutel. Goodman Capital Mgmt. Greystone Canada Highstreet Asset Management

U.S Stock Managers

BGI Hedged Synthetic U.S BGI U.S Equity Northwater Derivatives Mid Cap

HedgeFunds

Northwater NET Ill

Non-North American Mgrs

Templeton International MFSlNorthwater Hedged Blend

Fixed Income Managers

State Street Global Advisors

University of Western Ontario Endowment Plan Asset Summary

As of September 30, 2007

% of % of Total Market Total Asset Equity & Cash &

Value Fund Class Convertible Fixed Income Equivalents Alternative

All dollars in mlllions. numbers may not add due to rounding

Performance Summary By Portfolio Periods Endinq September 30

Annualized Rolling 12-Months 3 Mths YTD 1 Yr 3 Yrs 4 Yrs 5 Yrs 2006 2005 2004

Total Policy Portfolio

Canadian Stock Managers 3.4 13.3 24.7 Beutel Goodman 2.4 10.0 20.6 Greystone 3.6 14.2 27.2 Highstreet 4.2 15.8 26.5

S&PITSX Composite Index 2.0 11.2 22.8

U.S. Stock Managers (0.6) 3.1 11.8 BGI Hedged Syn.US Equity 1.5 7.7 14.7 BGI US Equity (4.7) (6.8) 3.6 Northwater U.S. Mid-Cap (1.3) 9.8 17.4

I S&P 500 (4.7) (6.8) 3.7 I US Large Cap Syn Hedged 1.5 7.6 14.6 I S&P Mid-Cap (7.4) (5.2) 5.8

I S&P 400 Hedged (Est.) (1.3) 9.7 17.1

Non-North American Mgrs. (3.3) 2.3 15.8 Templeton (3.9) (0.2) 15.8

MSCl EAFE (4.5) (3.0) 11.7 MSCl EAFE Hedged (2.3) 7.4 15.5

Hedge Funds (2.3) 2.8 6.0 Northwater (2.3) 2.8 6.0 90-Day LIBOR (Hedged) 1.3 4.0 5.4

Fixed Income Managers 2.0 0.8 1.7 State Street 2.0 0.8 1.7

SC Uniwrse 1.7 0.9 1.6

Policy: SBPKSX Conposite 20% SBP 500 10% SBP 500 Synthetic Hedged 10% SBP 400 Hedqed 5% mu EAFE 10% NsU EAFE Hedged 5% SC Ulwerse 40%

Board of Governors APPENDIX IIJanuary 24, 2008 Annex 3

The University of Western Ontario2007/2008 Operating Budget Summary

As at October 31, 2007($000's)

2007-2008 Budget Increase/(Decrease)As Approved Revised Forecast Of Revised Forecast

By Board To Date Over Original Budget$000 $000 $000 %

1 Revenues 503,919 502,956 (963) (a) (0.19)

2 Expenditures 506,985 509,751 2,766 (b) 0.55

3 Surplus/(Deficit) Before Reserve Transfer (3,066) (6,795) (3,729)

4 Transfer From Carryforward Reserve 8,200 13,482 5,282

5 Surplus/(Deficit) After Reserve Transfer 5,134 6,687 1,553

6 Operating Reserve, Beginning of Year 5,015 8,953 3,938

7 Surplus/(Deficit) After Reserve Transfer 5,134 6,687 1,553

8 Operating Reserve, End of Year 10,149 15,640 5,491

(a) Revenue Changes:a1 Targetted Government Grants - Clinical 1,905a2 Unfunded BIUs Government Grant (2,046)a3 Accessibility Funds (340)a4 Program Expansion Grants - Nursing (279)a5 Undergraduate Tuition (1,338)a6 Graduate Tuition 298a7 Research Overheads 572a8 Recoverable Salaries 265a9 Total Revenue Changes (963)

(b) Expenditure Changes:b1 Carryforward Adjustment (c) 5,282 5,282 b2 Dentistry Clinical Education 1,055 1,055 b3 Health Sciences Nursing and Therapies Clinical Education 622 621 b4 Graduate Expansion Fund (GEF) 493 493 b5 Enrolment Contingent Fund (ECF) (373) (373) b6 Health Sciences - Nursing Expansion (275) (275) b7 Graduate Student Scholarship & Training Fund 229 229 b8 Faculty Share of Research Overheads 271 270 b9 Recoverable Salaries 265 265

b10 Utilities (1,010) (1,010) b11 Net Employee Benefits (3,791) (3,791) b12 Total Expenditure Changes 2,287 481 2,766

(c) The actual April 30, 2007 carryforward was $5,282,000 higher than the budget estimate included in theoriginal 2007/08 budget approved by the Board.(i.e. The actual carryforward is $45.5 Million instead of the original forecast of $40.2 Million.)

TotalNon-Revenue

RelatedRevenueRelated

UWO-IPB

Board of GovernorsJanuary 24, 2008

APPENDIX IIAnnex 4

Board of Governors January 24, 2008

QUARTERLY RATIO REPORT ON NON ENDOWED FUNDS

APPENDIX I 1 Annex 5

FOR INFORMATION

The attached report shows the non-endowed fund quarterly activity from 1995196 to the end of the second quarter of 2007108 (October 3 1, 2007). The balance in the Undistributed Investment Returns Account at October 31, 2007 was $68.6 million. At October 31, 2007, the 12-quarter moving average of the total non-endowed i~ivestme~~ts to the obligations of the portfolio was 1.27 (column 10) compared to a target ratio of 1.08.

Net returns (column 1) amounted to $7.0 million for the quarter.

Allocations to accounts (column 2) in the amount of $1.3 million represents the payouts for spending to non-endowed funds, which is based on the 30-day treasury bill rate less administrative and management fees of 1.15%, adjusted quarterly. This rate increased from 3.01% to 3.25% for the period October 1 -December 3 1,2007.

a $1.5 nill lion was transferred to the operating budget from undistributed investment returns in the quarter. (column 3). The total allocation to the operating budget for fiscal 2007108 is $6.3 million.

o The non-endowed investments increased by $2.6 lnillion (column 6) as a result of the above transactions.

a The total market value of the lion-endowed fund's portion of the externally managed portfolio at October 3 1,2007 amounted to $264.8 million (column 7).

The obligations of the portfolio amounted to $196.2 million at October 3 1, 2007 (column 8).

o The ratio of investments to obligations stood at I .35 (column 9) at October 3 1,2007.

01/04/08 General notes:

Ths Unlverslly of Weslem Ontarlo Non-Endowed Funds: Quarlerly Valuer

Ratlo o f AllocrUons Wue sf the end of Quarter hvesfnmnts

To Change Retlo o f to obllgallons Net To Operating In m o u n t Net Total Total Avestmenfs Averagefor

Returns Accounts Budget Other Owed Change Avesfments Obll#aUons to obllgatlons 12 Quarters Quatier f 9) (4 (31 (4) (5) f 6) m f 81 f 9) (10) 1995198 4.7 (0.9) (0.8) (4.0) (1.1) 112.9 95.4 1.18 1.14

1996197 4.0 (0.4) (1.7) (2.8) (4.6) (6.4) 103.4 85.1 1.22 1.16

1997B8 5 2 (0.4) (2.1) (2.5) 4.0 4.2 97.7 74.5 1.32 1.24

19BW9 1 2 (0.5) (1.5) (0.1) (4.3) (5.2) 972 62.7 1.18 1.24

1999100 2.4 (0.8) ( I 3) (0.3) 4.0 4.0 88.0 74.3 1.18 1.23

200W01 0.9 (0.8) (2.1) (0.2) 5.9 3.7 113.7 101.0 1.13 1.16

200112002 0.8 (0.T) (1.5) 0.0 5.9 4.6 127.0 125.5 1.01 1.10

2002Ra)3 1 (9.7) (0.2) (1.0) 0.0 1.5 (9.4) 122.4 132.2 0.93 1 .a8 2 (2.3) (0.3) 0.0 0.0 0.0 (2.6) 119.8 132.2 0.91 1 .06 3 (0.3) (0.3) 0.0 0.0 0.0 (0.6) 119.2 132.2 0.90 1.04 4 1.8 (0.3) 0.0 0.0 0.2 1.7 120.9 132.4 0.91 1.02

2003R004 I 8.6 (0.3) 0.0 0.0 2.7 11.0 131.9 135.1 0.98 1 .00 2 4.6 (0.4) 0.0 0.0 (0.3) 4.1 136.0 134.8 1.01 0.99 3 102 (0.4) 0.0 0.0 (0.3) 9.5 145.5 134.5 1.08 0.99 4 1.6 (0.9) 0.0 0.0 3.0 3.7 149.2 137.5 1.09 0.99

2WBR005 1 (0.5) (0.3) 0.0 0.0 0.5 (0.3) 148.9 138.0 1 .08 0.99

For 1995196 through lo 2lO0101 the figures sre the average for the four quarters.

2 2.2 (0.2) 0.0 0.0 0.4 2.4 151.3 138.4 3 6.2 (0.3) 0.0 0.0 (2.5) 5.4 158.7 135.9 4 1.8 (0.6) 0.0 0.0 16.1 17.3 174.0 152.0

200512006 I 11.4 (0.4) 0.0 0.0 3.4 14.4 188.4 155.4 2 (1.3) (0.5) 0.0 0.0 (0.3) (2.1) 166.3 155.1 3 13.7 (0.5) 0.0 0.0 12.1 25.3 211.6 167.2 4 4.3 (1.2) 0.0 0.0 (3.5) (0.4) 211.2 163.7

m m 7 1 (0.9) (0.6) (1.3) 0.0 5.6 2.6 213.6 169.3 2 11.8 (1.0) (1.3) 0.0 (0.8) 8.7 222.5 168.5 3 13.3 (1.2) (1.2) 0.0 21.4 32.3 254.8 189.9 4 6.0 (1.7) (1.2) 0.0 (1.3) 1.6 256.6 188.6

2007f2008 1 (1.1) (0.9) (1.6) 0.0 9.2 5.6 262.2 197.8 2 7.0 (1.3) (1.5) 0.0 (1.6) 2.6 2M.8 196.2

Columns (1) to (6) reler lo changes during the quarter, column (7) to (10) refer to the end of each quarter. Ail Iiguras are milllons of dollars, except columns (9) and (10). Column (9) is the ratio of column (7) lo column (6). Column (10) is the average of the ratios in w l m n (9) over 12 quaners (i.e. over 3 year period).

Notes: Net investment returns, including changes in unrealized capital g a b , net 01 consulting and investment management fees. This total Includes returns on internally managed funds end oiher sundry lnveslment earnings less overdraft Interest and interest pald to employee benefit accounts. Allocations from the fund to all accounts and associated companies, except the Operating budget and Olhei ellocalions (wiumn 4) Allocations to Ihe Operating budget. h October of 1996, an allcation of $9.3 million was made to the Operating Reserve lo raise it to the Board's target level. In Decamber 1996. an allocation of $1,734,000 was made to capital In April 1998, an allowtion of$10,000,000 was made for expenditures related to CFI and ORDCF. In July 1996, an allocation of$436,000 was made to the Thames Hall renovallon project. In April 2000 en allocation of $1,000,000 was made to capital for loan payments related to Conron Hail and Weldon Library upgrade. In April 2001 an allocation of $694.948 was made to capital for loan payments related to Conron Hall and Weldon Library upgrade. The change In the amount owed to other funds tor the q u a m is h e net cash flows into the ecwunls less any transfers to UWO's bank account. Quarterly net change, is the sum of columns (1) lo (5) and is the change in the value of the fund in column (7), which is the change in the market value of investments during the quarter. Told non-endowed externally managed funds. Endowed funds are not included. Total of the non-endowed exlernally managed funds thal are owed to Un~ersily accounts and oher creditors. The ratio ofmlurnn (7) to column (6). The average of this ratio over the previous 12 quarters. The Board target for this ratio is an average of 1.08.

I .09 1 .XI 1.15 1.14

1.21 1.20 1.27 1.29

1.26 . ' 1.32

' 1.34 1.36

1.33

1.01 1.02

1 .05 1.07 1.10 1.13

1.16 1.16 1 .20 1.23

1.25 1.35 1.271

Board of Governors APPENDIX IIJanuary 24, 2008 Annex 6

SCHOLARSHIPS/AWARDS/PRIZES

FOR INFORMATION

1. New Awards and Scholarships

The following have been approved by the Property and Finance Committee on behalf of the Board ofGovernors.

Jacob Family International Study Award (Any Undergraduate Faculty)Awarded to an undergraduate student in any year of any program wishing to study abroad for a minimumof one semester, based on demonstrated financial need and academic achievement (minimum 80% average).Preference will be given to a student studying at an accredited university in Israel, and to a student attendinga full-year course over a one-semester course.

Application forms and details regarding the application process can be obtained from the Office of theRegistrar. The deadline date for submissions is April 30. Award recipients will be announced in May of eachyear, but receipt of the award is dependent on an approved Letter of Permission and acceptance into anaccredited university for study abroad. This award was established by Mr. Ellis Jacob.

Value: 1 at $5,000 Effective: 2008-2009 to 2012-2013

Hill-Ivey HBA Scholarships (Richard Ivey School of Business)Awarded to full-time students who have completed their first two years (60 credit hours) at the Paul J. HillSchool of Business at the University of Regina and meet the entry requirements of The University of WesternOntario and the Richard Ivey School of Business. Applicants will be selected based upon demonstratedleadership potential and academic achievement (minimum 80% average). These students will be entering intothe HBA program at the Richard Ivey School of Business. Final selection of recipients will be made jointlyby the HBA Scholarship Review Committee and representatives from the Paul J. Hill School of Business.Recipients will be notified at the time of acceptance into the HBA program. The award will be continued insecond year of the HBA program as long as the student continues to maintain an 80% average in the program.This award is made possible through the generosity of Paul Hill (MBA '69).

Value: 6 at $20,000 continuingEffective: 2008-2009 to 2012-2013

William and Nesta Gordon Family Wrestling Scholarships [Available to any undergraduate, graduate, orAffiliated University College student - Athletic Awards (Wrestling)]Awarded to full-time undergraduate or graduate students in any year of any degree program at Westernincluding the Affiliated University Colleges who are making significant contributions as members of theMen’s or Women’s Wrestling team. As per OUA and CIS regulations, an entering student athlete must havea minimum admission average of 80% and a non-entering student must have an in-course average of 70%.Candidates must be in compliance with current OUA and CIS regulations. The Western Athletic FinancialAwards Committee will select recipients. This committee will base its decision on its evaluation of academicperformance/potential (20%) and the written recommendation from the Head Coach assessing athleticperformance/potential and team/campus leadership (weighted as 60% and 20% respectively). Thesescholarships were established by the William and Nesta Gordon Family through Foundation Western.

Value: 2 at $2,000Effective: 2007-2008 to 2011-2012 [The value of the scholarships will be reassessed for 2012-2013 based on the amount available for

Board of Governors APPENDIX IIJanuary 24, 2008 Annex 6, Page 2

disbursement from the endowment fund. The amount available for disbursement is estimated at a minimumof $3,600 annually in perpetuity under current policies.]

Wrestling Leadership Awards [Available to any undergraduate, graduate, or Affiliated University Collegestudent - Athletic Awards (Wrestling)]Awarded to full-time undergraduate and graduate students in any year of any degree program at Westernincluding the Affiliated University Colleges, who are making a contribution as members of the Men’s orWomen’s Wrestling team. Candidates must be in compliance with current OUA and CIS regulations. Asper OUA and CIS regulations, an entering student athlete must have a minimum admission average of 80%and a non-entering student must have an in-course average of 70%. The Western Athletic Financial AwardsCommittee will select recipients based on its evaluation of academic performance/potential (20%) and thewritten recommendation from the Head Coach assessing athletic performance/potential and team/campusleadership (weighted as 60% and 20% respectively). These awards were established by Jack Matthews(MBA’83) through Foundation Western.

Value: A total of $3,700 is available. The number and value of awards will vary provided that the maximumvalue of any award does not exceed $3,500.Effective: 2007-2008 only [Future awards may be offered using the income from the Wrestling Program Award and CoachingEndowment. A new award value and effective date will be established for 2008-2009 as necessary.]

Gordon Risk Athletic Awards (Available to any undergraduate, graduate or Affiliated University Collegestudent - Athletic Awards)Awarded to full-time undergraduate and graduate students in any year of any degree program at Westernincluding the Affiliated University Colleges, who are making a contribution as members of a varsity team.As per OUA and CIS regulations, an entering student athlete must have a minimum admission average of80% and a non-entering student must have an in-course average of 70%. Candidates must be in compliancewith current OUA and CIS regulations. The Western Athletic Financial Awards Committee will select therecipients based on its evaluation of academic performance/potential (20%) and the written recommendationfrom the Head Coach assessing athletic performance/potential and team/campus leadership (weighted as 60%and 20% respectively). These awards were established by a bequest from Mr. Gordon Risk.

Number and Value: Number of awards will vary based on funds available at the discretion of the selectioncommittee. A range of values will be offered from $1,000 to $3,500. ($2,000 available in 2007-2008)Effective: May 2007

Larry Shaw Scholarships for Student Athletes (Any undergraduate, graduate, or Affiliated University Collegestudent - Athletic Awards)Awarded to full-time undergraduate and graduate students in any year of any degree program at Westernincluding the Affiliated University Colleges, who are making a contribution as members of a varsity team.As per OUA and CIS regulations, an entering student athlete must have a minimum admission average of80% and a non-entering student must have an in-course average of 70%. Candidates must be in compliancewith current OUA and CIS regulations. The Western Athletic Financial Awards Committee will select therecipients based on its evaluation of academic performance/potential (20%) and the written recommendationfrom the Head Coach assessing athletic performance/potential and team/campus leadership (weighted as 60%and 20% respectively). This scholarship was established by Mr. Larry Shaw (HBA'62).

Value: 2 at $3,500Effective: May 2008 to May 2012 (five years)

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Larry Shaw Athletic Continuing Entrance Scholarships (Any undergraduate student, including the AffiliatedUniversity Colleges - Athletic Awards)Awarded to full-time students entering first year at Western or one of the Affiliated University Colleges whoare members of a varsity team, based on academic achievement (minimum 80% average). The recipients willcontinue to receive the scholarship provided that they maintain a 70% academic average along with a full-time course load and continue to make a contribution as members of a varsity team. Candidates who areintercollegiate student athletes must be in compliance with current OUA and CIS regulations. The WesternAthletic Financial Awards Committee will select the recipients. Once a current recipient completes his orher program or fails to qualify to continue receiving the scholarship, another student will be selected. Thesescholarships were established by Mr. Larry Shaw (HBA'62) through Foundation Western.

Value: 2 at $1,500, continuing up to four years Effective: May 2008

Forest City Track and Field Athletic Scholarships [Available to any undergraduate, graduate or AffiliatedUniversity College student - Athletic Awards (Track and Field)]Awarded to full-time undergraduate or graduate students in any year of any degree program at Westernincluding the Affiliated University Colleges, who are making a contribution as members of the MustangsTrack and Field Team. Preference will be given to London area athletes. As per OUA and CIS regulations,an entering student athlete must have a minimum admission average of 80% and a non-entering student musthave an in-course average of 70%. Candidates must be in compliance with current OUA and CIS regulations.The Western Athletic Financial Awards Committee will select the recipients based on its evaluation ofacademic performance/potential (20%) and the written recommendation from the Head Coach assessingathletic performance/potential and team/campus leadership (weighted as 60% and 20% respectively). Thesescholarships were established by Mr. Jeffrey L. Glass, (LLB’88).

Number and Value: As determined each year by the Western Athletic Financial Awards Committee, up toa total of $3,000 (minimum value $1,000)Effective: 2007-2008 to 2011-2012 academic years, inclusive

Bud and Joanne Taylor Clinical Education Nursing Awards (Faculty of Health Sciences, School of Nursing)Awarded to full-time undergraduate and graduate students in Nursing who are participating in a clinicalplacement. Applicants must demonstrate that they have to pay for accommodation in a Canadian placementlocation outside of London, Ontario for the period of their clinical placement in addition to the cost incurredin maintaining their university-location housing. Preference will be given to students working in “remote”locations. Applications are available from Nursing and must be submitted by December 30. The Nursingprogram will select the recipients and at least one member of the selection committee must hold membershipin the Faculty of Graduate Studies. This award is made possible through a generous gift from Bud andJoanne Taylor through Foundation Western.

Value: $2,250 available in 2008-2009 – each award to range from $500 to $1,500Effective: May 2008[Each year thereafter, total amount of funding available will increase and Director of Nursing will consultwith Foundation Western in advance of each academic year re funding available.]

Gerhard Wuensch Music Scholarship (Don Wright Faculty of Music)Awarded to a music student entering his or her first year of study in Music Theory and Composition, orMusic History, of a Bachelor of Music degree program, based on academic achievement (minimum 80%average). The recipient will be selected by the Don Wright Faculty of Music Scholarship Committee. Thisscholarship was established through Foundation Western by Jean Wuensch in memory of her husband,Gerhard Wuensch, a retired Faculty member of the Don Wright Faculty of Music.

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Value: 1 at $1,125Effective: May 2008

Claudette MacDonald HBA Scholarships (Richard Ivey School of Business)Awarded to students entering HBA 2 at the Richard Ivey School of Business with academic achievement anddemonstrated community leadership. Preference will be given to students pursuing a career in accounting.Applications must be submitted by January 31. The HBA Scholarship Committee will make the finalselection of the recipients. These scholarships were established with a generous gift from Don MacDonald.

Value: 2 at $6,000Effective: 2008-2009 to 2010-2011 academic years inclusive

MBA’87 Awards (Faculty of Graduate Studies, Business Administration)Awarded to MBA students at the Richard Ivey School of Business in either cohort based on academicachievement (minimum 78% average) and demonstrated community leadership. Preference will be givento students who have demonstrated financial need. Applications for these awards must be submitted to theMBA Programs Office by October 31 (including a one-page statement on community leadership and financialneed). Candidates will be invited to submit their applications upon admittance into the MBA program at theRichard Ivey School of Business. Final selection of the recipients will be made by the MBA ScholarshipReview Committee, with at least one member of the selection committee holding membership in the Facultyof Graduate Studies. These awards were established by generous donations from the MBA Class of 1987.

Value: 5 at $10,000Effective: 2008-2009 to 2012-2013 academic years inclusive[Once all funds are expended, the MBA ’87 Awards will be supported by the MBA ’87 endowment fund heldat Foundation Western. The MBA ’87 Award will be valued 1 at $10,000 in perpetuity.] Dr. Donald and Christina Jolly Medical Student Bursary - OSOTF/OTSS (Schulich School of Medicine &Dentistry, Medicine)Awarded to any student registered in the MD program who demonstrates financial need. This bursary wasestablished through Foundation Western by donations from Donald and Christina Jolly. Students must meetOntario residency requirements.

Value: 1 at $3,000 (2007-2008 only); 1 at $2,500 beginning May 2008Effective: May 2007 This bursary has benefited from proceeds from the Ontario Student Opportunity Trust Fund (OSOTF) andthe Ontario Trust for Student Support (OTSS) programs and recipients must meet Ontario residencyrequirements.

Lynne-Lionel Scott Scholarship in Canadian Studies in the Faculty of Arts and Humanities (Faculty ofGraduate Studies, Arts and Humanities)Awarded to a graduate student registered full-time in the Faculty of Graduate Studies and enrolled in theFaculty of Arts and Humanities, with a demonstrated interest in Canadian studies and a minimum 78%average. Preference will be given to Doctoral candidates. Applicants for admission who indicate a primaryinterest in Canadian studies and whose applications are completed by January 8 of each year will beconsidered (for 2007-08 only, the application deadline will be February 15). Applications will be availablein the applicant’s department and must be submitted to the Graduate Chair of the applicant’s department.The recipient will be selected by the Faculty of Arts and Humanities on the recommendation of a selectioncommittee. At least one member of the committee must hold membership in the Faculty of Graduate Studies.This Scholarship was established by Mrs. Rose Lynne Scott (BA’62) through Foundation Western toencourage studies in the area of Canadian studies.

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Value: A maximum of 3 awards, up to a combined total of $2,500Effective: May 2007

2. Scholarship and Award Revisions

On behalf of the Board of Governors, the Property and Finance Committee has approved the followingrevised terms of reference for scholarships, bursaries, awards and prizes:

Clinical Excellence Award (Faculty of Health Sciences, Nursing) Change in value and effective date from: 2 at $462, effective 2006-2007 onlyTo: Value 2 at $470, effective 2007-2008 only

Olive C. Young Awards (Faculty of Education)Change in name and criteria from:Awarded to full-time undergraduate students in the primary division of the Bachelor of Education programbased on financial need and academic standing. Applications can be accessed online through the Office ofthe Registrar Web site and must be submitted by October 31. Once the Office of the Registrar has determinedfinancial need, the Faculty of Education will select the recipients. These awards were established by agenerous bequest from Miss Olive C. Young through Foundation Western.

To: Olive C. Young Bursaries (Faculty of Education)Awarded to full-time undergraduate students in the primary division of the Bachelor of Education programbased on demonstrated financial need. Applications can be accessed online through the Office of theRegistrar’s Web site and must be submitted by October 31. These awards were established by a generousbequest from Miss Olive C. Young through Foundation Western.

Edwin R. Jarmain Entrance Scholarship (Any Undergraduate Faculty)Change in value from $800 to $1,000Effective: May 2007

Howard Feigel Memorial Award (Pedorthics Program, Continuing Studies)Change in value from $650 to $800Effective: May 2007

James D. McNabb Scholarship in Chemistry (Faculty of Science, Chemistry)Change in value from $1,000 to $800Effective: May 2008

David S. Simmonds MBA Award (Faculty of Graduate Studies, Business Administration)Change in name and criteria from:Available to a second year MBA student with financial need who has resided in Ontario for a minimum of12 months and who demonstrates entrepreneurial spirit through personal experience and/or an essay outliningthe student’s vision of an entrepreneurial venture. This bursary will receive matched funding from theOntario Government through the Ontario Student Opportunity Trust Fund Program.

To: David S. Simmonds MBA BursaryAwarded to an MBA student in the May cohort based on financial need. Preference will be given to astudent who demonstrates an entrepreneurial vision. Candidates will be invited to submit their applicationsupon admittance into the MBA Program at the Richard Ivey School of Business by January 31. Finalselection of the recipients will be made by the MBA Scholarship Review Committee. This bursary wasestablished in honour of David S. Simmonds, Founder of Clearnet Communications Inc. (Telus).Effective: May 2007

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Merrill Lynch HBA Award (Richard Ivey School of Business, Business Administration)Change in number and criteria from:Awarded to a student in the top quartile of entrants into Year 1 of the HBA program based on academicachievement. Preference will be given to students having completed two years at university with aconcentration in economics. Candidates must demonstrate successful entrepreneurial experience and/orleadership or exemplary contributions in extracurricular activities. Application must be submitted to the HBAProgram Office by March 1. A list of eligible candidates will be forwarded to Merrill Lynch Canada forreview. The HBA Scholarship Review Committee will make the final decision regarding the selection ofthe candidate. This award is made possible by a gift from Merrill Lynch Canada.Value: 1 at $2,500

To: Merrill Lynch HBA AwardsAwarded to two students in Year 1 of the Honors Business Administration (HBA) program of the RichardIvey School of Business. The Merrill Lynch HBA Awards will be awarded to two students with academicachievement. Applications for this scholarship must be submitted to the HBA Programs Office by January31. The student selected must exhibit an interest in working in Investment Banking and/or Capital Markets.The HBA Scholarship Review Committee will make the final decision regarding the selection of thecandidate. This award is made possible by a gift from Merrill Lynch.Value: 2 at $3,000Effective: 2008-2009 only

Benjamin D Anyon MBA Award in Entrepreneurship (Faculty of Graduate Studies, Business Administration)Change name, criteria and value from:Awarded to a full-time first-year MBA student of outstanding quality entering the MBA EntrepreneurshipCertificate Stream at Ivey. The recipient will be selected by identifying who best personifies the spirit,passion and drive necessary to become a successful entrepreneur and by academic achievement (minimum78%). A shortlist of potential award recipients will be determined by the Director of the Institute forEntrepreneurship based on the Entrepreneurship Certificate Stream application forms and personalinterviews. The MBA Scholarship Review Committee will select the award recipient in consultation withthe Director of the Institute for Entrepreneurship and at least one faculty member who is also a member ofthe Faculty of Graduate Studies.Value: 1 at $5,000

To: Benjamin D.Anyon MBA Scholarship in EntrepreneurshipAwarded to an MBA student entering September cohort at the Richard Ivey School of Business. Thesuccessful candidate will exhibit outstanding academic achievement (minimum 78% average) with anentrepreneurial vision, spirit and drive. Applications for award consideration are available at the time ofapplying for admission to the Ivey MBA Program. The MBA Scholarship Review Committee will select theaward recipient in consultation with Director of the Institute for Entrepreneurship and a least one facultymember who is also a member of the Faculty of Graduate Studies. This scholarship is made possible by agenerous gift from David Anyon.Value: 1 at $5,250Effective: 2008-2009 to 2009-2010

Advancing Canadian Entrepreneurship HBA Award (Richard Ivey School of Business, BusinessAdministration)Change in number and criteria from:Awarded to a student entering the first year of the HBA program at the Richard Ivey School of Businessbased on financial need and a demonstrated interest in entrepreneurship. Preference will be given to studentswho have been members of ACE Canada. The award will be renewed for year two upon successfulcompletion of year one and enrolment in a Year 2 Entrepreneurship course. Applications for this award canbe obtained from the HBA Program Services Office at the Richard Ivey School of Business and must becompleted by May 1. The HBA Scholarship Committee of the Richard Ivey School of Business will select

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the recipient once Student Financial Services in the Office of the Registrar has determined financial need.This award was established by ACE-Canada, a national organization of entrepreneurial student clubs atUniversities and Colleges across Canada, founded by Ian Aitken, HBA '87, while a student at Western.Value: $2,500 continuing for 2 years

To: Advancing Canadian Entrepreneurship HBA Awards Awarded to students entering HBA 1 at the Richard Ivey School of Business with a minimum 70% averageand financial need. The Office of the Registrar will determine financial need and the HBA ScholarshipCommittee will make the final selection of the recipients. Preference will be given to students who have beenmembers of ACE Canada. The award will be renewed for HBA year 2 upon successful completion of yearone and enrollment in one of the Entrepreneurial courses offered in HBA 2. Applications for this award canbe obtained from the HBA Program Services Office at the Richard Ivey School of Business. Applicationsmust be received by January 31. This award was established with a generous gift from Mr. Ian Aitken, HBA’87.

Value: 2 at $2,500, continuingEffective Date: 2007-2008 to 2011-2012*

*Note: Provided 2011-2012 recipients continue to qualify, they will receive their second component of thecontinuing award in 2012-2013.

Schulich School of Medicine and Dentistry, MedicineEffective 2007-2008 to 2011-2012:

The value of the following awards will be revised from $1000 to $500:• SWOMEN Windsor Clerkship Scholarship in Surgery• SWOMEN Windsor Clerkship Scholarship in Medicine• SWOMEN Windsor Clerkship Scholarship in Family Medicine• SWOMEN Windsor Clerkship Scholarship in Paediatrics• SWOMEN Windsor Clerkship Scholarship in Obs & Gyn• SWOMEN Windsor Clerkship Scholarship in Psychiatry

The value of the following award will be revised from $750 to $300:• SWOMEN Windsor Clinical Clerk Award

The value of the following award will be revised from $500 to $300:• SWOMEN Windsor Compassion Award

The value of the following awards will be revised from $250 to $200: • SWOMEN Windsor Prize in Emergency Medicine • SWOMEN Windsor Prize in Anesthesiology

The Farley/Maxwell Award in Library Science (Faculty of Graduate Studies, Journalism)Change in name to: Maxwell/Farley Award in Library ScienceEffective: May 2007

Brian Luckman Award (Faculty of Graduate Studies, Geography)Change in number value from: 1 @ $900To: 2 at $900, effective May 2007 reverting to 1 at $900, effective May 2008

With the revision of Western’s course numbering system (effective May 2008), all 3 digit course numbersmust be revised to be 4 digit course numbers. The following 2 awards have been updated with new numbers.The rest of the criteria remain unchanged, as do the title and value.

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Ingeborg Slade Piano Award (Don Wright Faculty of Music)Awarded to a piano major with the highest mark in Music 1920 (Applied Music) entering year two of theBachelor of Music (Honors Performance B Piano). The recipient will be selected by the Don Wright Facultyof Music Scholarship Committee. This award is made possible by a generous gift from Ms. Ingeborg M.Slade.

Wesanne McKellar Award (Don Wright Faculty of Music)Awarded to a student in the third or fourth year of the Honors Music Education program with the highestmark in Music 3840 (Instrumental Ensemble Techniques).

Larry Haylor Recruitment Scholarships (Any Undergraduate Faculty, including the Affiliated UniversityColleges - Athletic Awards)Change in criteria from: Awarded to student athletes who are entering the first year of any undergraduateprogram at Western as a full-time student and are successful in joining the Western varsity football team,based on academic achievement (minimum 80% entrance average). Recipients will be selected by the Awardsand Scholarships Committee for the School of Kinesiology in the Faculty of Health Sciences in consultationwith the head football coach. These awards are made possible by the generosity of donors contributing toa fund at Foundation Western established to recognize long-time football coach, Larry Haylor, who at thetime of his retirement as head coach, held more wins than any other coach in the history of Canadianuniversity football.

Number and Value: As determined each year by the Western Athletic Financial Awards Committee, valuedfrom $1,000 up to $3,500 under OUA regulationsEffective: 2007 - 2008

To: Awarded to student athletes who are entering the first year of any undergraduate program at Westernor its Affiliated University Colleges as full-time students based on academic achievement (minimum 80%admission average) and success in joining the Western varsity football team. Candidates must be incompliance with current OUA and CIS regulations. The Western Athletic Financial Awards Committee willselect the recipients based on its evaluation of academic performance/potential (20%) and the writtenrecommendation from the Head Coach assessing athletic performance/potential and team/campus leadership(weighted as 60% and 20% respectively). These awards are made possible by the generosity of donorscontributing to a fund at Foundation Western established to recognize long-time football coach, LarryHaylor, who at the time of his retirement as head coach, held more wins than any other coach in the historyof Canadian university football.

Value: As determined each year by the Awards and Scholarships Committee for the School of Kinesiologyin the Faculty of Health Sciences in consultation with the head football coach, valued up to $3,500 underOUA regulationsEffective: May 2007

James G. Farmer Award (Any undergraduate student, including the Affiliated University Colleges - AthleticAward)Change in Criteria and Value from: Awarded to a student entering second, third or fourth year of any faculty,on the basis of academic achievement, financial need and demonstrated athletic leadership, in that order.Applications can be accessed online through the Office of the Registrar's Web Site and must be submittedby October 31. The Office of the Registrar will determine financial need and the Faculty of Health Scienceswill select the recipient in consultation with Intercollegiate Athletics. Candidates who are varsity athletesmust be in compliance with current OUA and CIS regulations. Established by donations made throughFoundation Western in memory of James Farmer.Value: 1 at $500

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To: Awarded to a full-time undergraduate student in second, third or fourth year of any degree program atWestern including the Affiliated University Colleges (minimum in-course average of 70%), whodemonstrates genuine financial need and is making a contribution as a member of a varsity team. Candidateswho are intercollegiate student athletes must be in compliance with current OUA and CIS regulations. TheWestern Athletic Financial Awards Committee will select the recipient after the Registrar’s Office hasdetermined financial need. This committee will base its decision on its evaluation of academicperformance/potential (20%) and the written recommendation from the Head Coach assessing athleticperformance/potential and team/campus leadership (weighted as 60% and 20% respectively). Applicationscan be accessed online through the Office of the Registrar's Web site and must be submitted by October 31.This award was established by Mr. E. Peter Farmer in memory of his father, James G. Farmer, throughFoundation Western.

Value: 1 at $1,125 (value for 2007-2008 remains at $500)Effective: May 2008

Chemistry Alumni Scholarship (Faculty of Science, Chemistry)Change in value from: 1 at $1,600To: 1 at $1,450Effective: May 2008

Robert and Lila Bristow Bursary (Schulich School of Medicine & Dentistry, Any Undergraduate Faculty)Change in criteria from: Awarded to a student in any year of the Doctor of Medicine (MD) program withdemonstrated financial need, who is a graduate of an Elgin County High School. If no student meets thecriteria in a given year, multiple awards may be made in ensuing years. In the event no student meets thecriteria for a three year period, the bursary may be granted to a full-time undergraduate student in anotherUWO program, who is a graduate of an Elgin County High School. Established through Foundation Westernby the family of Robert (MD '29) and Lila Bristow. Value: 1 at $800

To: Awarded in odd-numbered years to a student in any year of the Doctor of Medicine (MD) program withdemonstrated financial need, who is a graduate of an Elgin County High School; and in even-numbered yearsto a student in any other UWO program with demonstrated financial need who is a graduate of an ElginCounty High School. If no student in the Doctor of Medicine (MD) program meets the criteria in an odd-numbered year, the bursary may be awarded to a full-time undergraduate student in any other UWO programwho is a graduate of an Elgin County High School. Established through Foundation Western by the familyof Robert (Meds’29) and Lila Bristow with the support of the Elgin County Branch of the UWO AlumniAssociation.

Value: 1 at $1,000Effective: May 2008

Peter Powell Class of 1959 Awards (Richard Ivey School of Business)Change in value from: 1 at $1,000 continuingTo: 1 at $750 Effective: May 2008

Jack Lambert HBA Award (Richard Ivey School of Business)Criteria revised from: Awarded to a second year HBA student with demonstrated financial need, who hasa career interest in the retailing industry, is enrolled in Retail Marketing 411, and exhibits academicexcellence (minimum A average). Applications are available at the Ivey Business School HBA ProgramsServices Office and the deadline for applying is June 1. This scholarship is made possible through fundingprovided by Douglas M. Lambert, HBA ’69, MBA ’71 and is endowed at Foundation Western.

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To: Awarded to a second-year HBA student at the Richard Ivey School of Business with demonstratedfinancial need who is enrolled in Logistics Management 494a/b and exhibits academic achievement.Applications for this scholarship must be submitted to the HBA Programs Office by January 31. The HBAScholarship Committee, in consultation with the Professor teaching Logistics Management 494a/b, will makethe final selection of the recipient. This award was made possible by a gift from Douglas M. Lambert,HBA’69, MBA’71, through Foundation Western.

Effective: 2007-2008 academic year [Note: Effective May 1, 2008 this course will be renumbered 4494A/B.]

Pirie Foundation 125th Anniversary Alumni HBA Award (Richard Ivey School of Business) Change in application deadline from: March 1 To: October 31Effective: May 2007

Connor, Clark & Lunn Ontario Graduate Scholarship (Faculty of Graduate Studies, Richard Ivey School ofBusiness)Effective date extended to the next 3 academic years, 2008-2009 to 2010-2011 inclusive.$8,000 for each of these 3 years will be matched 2:1 by the Provincial Government.

Special Needs Award in Information and Media Studies (Faculty of Information and Media Studies)Effective date changed from: 2005-06 To: 2007-2008

Major David A. Quick Award (Faculty of Engineering)Change in Name to: Lieutenant Colonel David A. Quick, CD, P.Eng Award Effective: May 2008

Elizabeth Taylor Memorial Prize (Faculty of Arts and Humanities, Visual Arts)Change in application deadline from: January 16 To: January 28Effective: May 2007

Bill McKibbon Bursary (Schulich School of Medicine & Dentistry, Medicine)Criteria changed from: Available to a male student, preferably from South-Western Ontario. Academicstanding and personality will count equally in the selection. This bursary was endowed by the late Dr. WaltonMcKibbon of Wingham, a medical graduate of this university, in memory of his son.

To: Available to a male student, preferably from Southwestern Ontario, in any year of an undergraduate MDdegree program. Academic standing and personality will count equally in the selection. This bursary wasendowed by the late Dr. Walton McKibbon of Wingham, a medical graduate of this University, in memoryof his son. Effective: May 2007

J.G. McLeod Scholarship in Family Law (Faculty of Law)Change in effective date from: 2006-2007 only (Scholarship had been discontinued) To: 2006-2007 to 2010-2011

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Dorssers Family Kent County Clinical Placement Bursaries (Faculty of Graduate Studies, Health Sciences)Change in effective dates from:

2007-2008 to 2009-2010 8 at $1,250 annually2010-2011 only 4 at $1,250

To: 2008-2009 to 2010-2011, 8 at $1,250 annually2011-2012 only, 4 at $1,250

3. DISCONTINUED AWARDS

Discontinued May 2007:

• SWOMEN Windsor Prize in Surgery C Sociology Essay Awards (Faculty of Social Science, Sociology)• Roger H. Pemberton Geophysical Award• Medical Informatics Research Award• Special Initiative Award in Computer Science• Ruth Knox Herman Fellowship in Medical Informatics• Szilard Award in Theoretical Computer Science• Faculty Association Award in Nursing• Faculty Association Scholarship in Dentistry• UWO Police Association Dependents' Tuition Scholarship Plan• Fazlur Khan Prize in Engineering (Faculty of Engineering)

Discontinued May 2008:

• Merrill Lynch MBA Award (Faculty of Graduate Studies, Business Administration)• HBA ’87 Awards (Richard Ivey School of Business, Business Administration)• Barbara Fraser HBA Scholarship (Richard Ivey School of Business, HBA)• EDC International Studies Scholarship (Richard Ivey School of Business, HBA 1 and HBA 2)• Maple Leaf Foods HBA Award (Richard Ivey School of Business, HBA)

To be discontinued May 2009:

• Larry Shaw Athletic Scholarships (Any Undergraduate Faculty)