Universitas Trust Funds of Canada, RESP, education savings plan, CESG, Knight

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paid in scholarships and
in refunds of savings
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RESPs Managed in Full Confidence



You can be confident that your RESPs are being managed by a team of financial partners each of whom is recognized as a leader in their particular field.

Their professional experience, when coupled with our values of caution and long term thinking, ensures that your savings will grow and that you will receive the best possible return on your investment.

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RESPs Managed
in Full Confidence
> The Exclusive Distributor: Universitas Management Inc.

Universitas Management Inc. is a wholly owned subsidiary and exclusive distributor of the Foundation’s products. It ensures:
  • The promotion and distribution of education savings plans
  • The management of files
  • The accounting of subscriber's individual accounts

Photo of the Management Committee of Universitas Management : From left to right : Jean Marchand, President of Universitas Foundation, Josiane Rivard, Vice-President Finance and Administration, Isabelle Grenier, Vice-President Corporate Affairs and HR, Richard Garneau, Chief Executive Officer, Sonia Dupèré, Vice-President Customer Service and Contract Management, Pascal Gilbert, Vice-President Sales and Marketing and Jean-Jacques Lévesque, Vice-President Information Technology and Communications.

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> The Trustee: Trust Eterna inc.

Trust Eterna acts as trustee:
  • It administers and invests the savings and government incentives in accordance with the Foundation and the investment managers’ instructions;
  • It acts on behalf of the Foundation in the event of the refusal or inability of the latter.


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> The Depositor: CIBC Mellon

CIBC Mellon receives the savings, together with any other amount which the subscribers are entitled to.



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> The Actuary: Eckler

Eckler has been mandated to verify the process for calculating the tables of deposits, the distribution of income and expenses of the Foundation by cohort and by plan and the levels of scholarships paid to the beneficiaries.
The Universitas Foundation is the only group RESP organisation which offers its customers an actuarial certificate.



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> The Investment Managers

Universitas Trust Funds of Canada guarantees the refund of your savings at all times. The income generated on the savings, combined with the sums received from the federal and provincial governments, will make up the scholarships which are paid to your beneficiary. Therefore, it is important that your savings be preserved and that they accumulate at a rate of return which allows them to achieve a satisfactory scholarship level.

To this end, two separate funds have been created and are each administered by external managers:  

  •  
    		• Addenda Capital Inc.     

    The Subscribers Savings Fund (Subscribers’ Account)

    This fund is made up of the subscribers’ savings and the obligation to refund the membership fees.


  •  
    		• Jarislowsky Fraser Limitée


    		and
    		Placements Montrusco Bolton

    		 
     
    The Scholarship Fund (The Foundation’s account).

    This fund is made up of income from the savings, the government incentives and the accumulated income on these amounts.

    The Scholarships Fund is comprised of diversified Canadian investments with an investment target of 85% shares. The management of the investments in this fund has been entrusted to Jarislowsky Fraser and Placements Montruso Bolton.
     


    Composition of Investment Portfolio as of December 31, 2008.


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    For more information on the investments, consult the Management Report and the Financial Statements in the « Documentation » section.