Bigger schools will be jealous when they see how much
If there was ever any question about whether faith-based universities have a future in Canada, there shouldn’t be anymore. Tyndale University College in Toronto has raised $44 million in just four years, which it plans to use for a new campus in Toronto’s Bayview area. Considering that the school has only 1,300 students, that’s an impressive figure. It works out to $34,000 per current student. By comparison, York University, just down the road from Tyndale, reported a total endowment of $46-million and a student population of 47,000 in its most recent annual report. That’s less than $1,000 per student. In addition to buying property for their new campus, Tyndale will use the money to pay for new degree programs, distance courses and open education.