School of Business receives $2 million donation
The Institute of Chartered Accountants of Ontario (ICAO) announced on Wednesday its renewed financial support for Queen’s School of Business. The ten-year, $2-million commitment will provide funds for the CA-Queen's Centre for Governance, including the Voluntary Sector Reporting Awards Program, and the CA Professorship in Accounting, and the creation of a Chartered Accountants Lecture Hall in the expansion of Goodes Hall—the home of the business school.
The funding announcement was made at a celebration event at Goodes Hall on Queen’s University campus.
“The relationship between the Institute of Chartered Accountants and Queen’s has been a long and fruitful one for both organizations and for Queen’s School of Business graduates who have gone on to become CAs,” said Rod Barr, FCA, President and CEO of the ICAO. “Our commitment to continuing that partnership is made evident by the future support we are announcing today, which we consider an investment in both Queen’s, our profession and in the future prosperity of Ontario.”
The partnership between Queen’s School of Business and the Institute of Chartered Accountants of Ontario dates back to 1919, when Queen’s started Canada’s first undergraduate degree program in business—the Bachelor of Commerce.
The Institute’s ongoing support of QSB helped establish the CA-Queen’s Centre for Governance in 2007. The Centre’s mission is to improve corporate governance in Canada through a variety of research and teaching programs. The Centre also helps Canada’s not-for-profits continuously improve the quality of their financial reporting through its annual Voluntary Sector Reporting Awards program, which provides meaningful feedback to participants on their annual reports and encourages excellence in reporting.
The Institute’s CA Professorship program provides funding to help distinguished academics continue important research in accounting. Professor Daniel Thornton was awarded the Queen’s ICAO professorship in 2005. The most recent area of support is the Chartered Accountants Lecture Hall that will accommodate 80 students on the main floor in the new wing of Goodes Hall.
“We are very thankful for the Institute’s long-standing commitment to excellence at Queen’s School of Business,” said Dean David Saunders. “This financial support is a tremendous endorsement of the quality of our school and strong recognition of the long-standing partnership between ICAO and QSB.”