News
Message from the Director on the BBDC's State of Affairs
February 20, 2009
The University of Toronto has announced a suspension of payments, effective April 2009, for income that would normally flow from endowed investments. Since the vast majority of BBDC annual funding comes from endowment income, this poses a huge challenge for the Centre, namely how to try and continue operations while faced with a crippling cessation of funding that normally flows from our endowments.
Due to the significant loss of income, we may make changes to the Centre's funding programs until the current fiscal challenges subside. Changes may affect the number of programs offered, the number of awards disbursed, and/or the dollar value of individual awards.
Despite the global economic uncertainty and the impact it is having on the University’s financial operations, the BBDC remains committed to supporting trainees at all levels. We will attempt to do everything we can to continue the programs which support our trainees over the next few years.
Daniel J. Drucker, MD
Director