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$250M gift to U of T will support new faculty building

DCN-JOC News Services
$250M gift to U of T will support new faculty building

TORONTO — The University of Toronto recently announced it has received a $250-million gift that will enable the expansion of a broad range of programs and services related to the Faculty of Medicine including construction of a new faculty building for education and research.

The gift from the Temerty Foundation, established by James and Louise Temerty, was announced Sept. 24. Besides the new hospital, a release said the bestowment will support advances in machine learning in medicine; biomedical research and collaboration across Toronto’s health-science network; innovation, commercialization and entrepreneurship; and equity and accessibility in medical education.

The gift to the University of Toronto is the single largest gift ever made in Canada and among the largest gifts made internationally to a faculty of medicine. 

“This is truly a landmark moment in the history of Canadian philanthropy,” said David Palmer, the university’s vice-president of advancement, in a statement. “Their generosity, and our gratitude, will resound in us forever, and in the hearts of countless individuals across the world who will benefit from the advances in human health and health care enabled by this magnificent gift.”

James Temerty was the founder of Northland Power, a firm that develops, finances, constructs, owns and operates independent power facilities. Projects have included the first large-scale biomass power generation project in Canada, high-efficiency natural gas cogeneration, and onshore wind and utility-scale solar generation projects.

“We were motivated to help the University of Toronto do what it does best — elevate quality health care and ultimately help as many Canadians as possible,” said James Temerty. “Our hope is that this gift will further Toronto’s and Canada’s global leadership in providing the highest quality health care and help to address the most pressing health challenges. We are honoured to be doing our part by partnering with the university.”

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