Judy Goldring, Chief Operating Officer (COO) at AGF Management, had a special reason to spend time in the library during her undergraduate career at the University of Toronto. “I loved hanging out at Emmanuel College,” she says. “This will really date me, but Tears for Fears did a video at Emmanuel College, and I loved going into Emmanuel College and saying ‘This is where the video was done.’”
Four generations of the Goldring family have attended U of T, including Judy and her brother Blake, both of whom graduated from Victoria University, and both of whom have individually donated over $1 million to the university. The Goldring family has made numerous donations to the university. The most visible signs of its generosity are the recently opened Goldring Student Centre at Victoria University and the Goldring Centre for High Performance Sport, currently under construction on Devonshire. “One of our family principles is to give back to your alma mater,” Goldring explains.
Goldring’s experience as a commuter student informed the decision to contribute to the Victoria student centre. “We’re really so honoured and proud and humbled to be able to put a building that we think will help integrate the commuter students, to have a place for not just commuter students but also [residence] students, and it’s a place of meeting.”
Goldring believes that the development of projects like the two Goldring centres must involve consultation and dialogue between donors and the administration. The student centre at Victoria created some controversy when it was first proposed in 2008, with students voting in a referendum that approved a $100 ancillary fee to pay for one-third of the $21 million building. Goldring says the decision of students to support the project at the time was inspiring. “I think that’s exactly what donations are all about; that’s exactly why if there’s a vote and people will support it, it’s because they want to make sure they’re improving the time for the student experience after they’re gone, and that’s exactly what we wanted to see happen with the Goldring Student Centre.”
The connection to Victoria is obvious, but why high performance sport? Goldring says her father, the late C. Warren Goldring, co-founder of financial firm AGF Management, believed in a well-balanced life. “I did joke with him, ‘There are no Olympians in my side of the family,’” she remembers, “but he was a firm believer about having that element of your life fulfilled, and it is about having all parts of your life in a positive way, and that’s what the Goldring Centre for High Performance does.”
Health is a particular topic of interest for Goldring; her husband has Type 1 diabetes, and she has previously co-chaired the Juvenile Diabetes Research Foundation’s (JDRF) Ride for Research charity event. According to Goldring, the quality of research being conducted at institutions like U of T is particularly important: “In terms of the research excellence that’s done here, you do see organizations like JDRF benefitting from phenomenal research, and research does make a difference in managing diseases like diabetes.”
Goldring believes that it is important for students to take care of their health. “You’ve got a lot of pressure; students today are under a lot of stress, and the pressure to perform and succeed in a very competitive environment is a challenge,” she admits. “But it is a good message to get out — to get out and do that, keep active, keep healthy, eat right.”
Goldring’s contributions to U of T go beyond the remarkable sums she has donated. She has been a member of the University of Toronto’s Governing Council for four years, serving as its vice-chair for two years before being elected to the role of chair on July 1, 2013. “We’ve spoken about my love of this institution, my fond memories of it,” she says. “My family connection has afforded me the opportunity to get involved, and when the opportunity came around for me to get involved with the council, I was excited to be able to give back.”
As Meric Gertler takes over as U of T’s new president, Goldring is leading Governing Council during a period of change for the school, and she looks forward to the work. “Certainly governance, I think, can be helpful in the transition, assuring a smooth transition to support the president and the provost,” she says. “We’re also looking to support, where appropriate, on key defined advocacy issues as the president might define or the administration might define.” Goldring emphasizes that a current key policy initiative for the Governing Council is the implementation of campus councils on the Mississauga and Scarborough campuses, an effort to respond to their growth by increasing decision-making at the local level.
Goldring balances her position at the university with what she drily calls her “day job” as COO of AGF Management, a $38 billion asset management company that invests money for clients without the expertise or inclination to do so themselves. Portfolio managers at the company construct investment packages in which individuals and institutions can then choose to participate. U of T itself employs AGF’s services through the University of Toronto Asset Management Corporation. “So it keeps me busy,” Goldring says of her multitude of responsibilities with a smile.
“Some would argue there’s no such thing as balance,” Goldring notes, when asked how she manages to keep her complex life in order. “It’s just a very busy time on campus right now, which is great. So right now, the balance is a little imbalanced, but it’s okay. It’s all good.”
The discussion eventually turns back to the business of U of T. Goldring shares what she sees as the most significant challenge for universities in Canada. “Broadly speaking, I think for all universities it’s government policy around post-secondary education and sustainability of the framework that we’re operating in,” she says. “It’s one of the more pressing issues; it’s not a new issue, and it’s not going to be solved in a day either.” Still, Goldring is excited about the opportunities for dialogue for the schools leaders going forward, and particularly expressed great confidence in president Gertler.
Perhaps she is remembering her days making friends in The Buttery, or reading in her favourite quiet spaces around Vic, or being awestruck by the building in which Tears for Fears filmed a video (yesterday’s Mean Girls and Convocation Hall, one might say). At any rate, there is context that makes the words Goldring utters in conclusion just a little more meaningful. “Enjoy your time here,” she says. “It goes by quickly.”