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2022-12-31-accounts

THE UGGLA FAMILY FOUNDATION

Uggla Family Foundation

Annual Report and Financial Statements

25[th] August 2021 – 31[st] December 2022

UGGLAFOUNDATION.COM

ARDINGLY, ENGLAND

REGISTERED CHARITY NUMBER: 1195626

Report of the Trustees and

Financial Statements

for the Period 25 August 2021 to 31 December 2022

for

Uggla Family Foundation

Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Uggla Family Foundation

Contents of the Financial Statements for the Period 25 August 2021 to 31 December 2022

Page
Report of the Trustees 1 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 16

Uggla Family Foundation

Report of the Trustees for the Period 25 August 2021 to 31 December 2022

The trustees present their report with the financial statements of the charity for the period 25 August 2021 to 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the CIO is to advance such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time in their absolute discretion think fit.

Significant activities

The Uggla Family Foundation supports charitable causes through grant making. The focus is on Health, Creative Arts, Education, Animal Welfare or Climate and other causes that are close the family's hearts.

Public benefit

The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.

Grantmaking

In 2022 the charity made three donations: (i) £15,000 to Tate Galleries in support of the Turner Prize (ii) a donation of CAD 1,194,024 to the Simon Fraser University ("SFU") in Vancouver, Canada in support of the Uggla Family Foundation Scholarship Programme and (iii) GBP 503,721 to the London School of Economics and Political Science ("LSE") also in support of the Uggla Family Foundation Scholarship Programme.

Prior to the establishment of formal Uggla Family Foundation, the Uggla family additionally made a donation of £39,316 in early 2022 to Zamcog, a UK based charity that supports education in rural Zambia. Zamcog set up two schools, the Shitima Primary School and the Markit Secondary School in Kabwe. The schools targets their places at street children that otherwise would not be able to afford to go to school. The Uggla Family Foundation supports the tertiary education of ten students each year that are graduates of the Markit Secondary School. Due to timings of setting up of the Uggla Family Foundation, the donation was not made directly by the Foundation. In the future, we expect all donations to be made from the Uggla Family Foundation.

The Uggla Family additionally made a donation of $160,000 to Soi Dog Foundation in Thailand which due to the timings of setting up the Uggla Family Foundation was not made directly from the Charity. However, the Foundation is a supporter of the charity and the great work it does around animal welfare in Thailand; more information about the donation and its impact can be found on the Charity website. Any future donations to Soi Dog will be made from the Foundation. Kendall Uggla, one of our trustees, sits on the UK Board of the Soi Dog Foundation.

The Uggla Family Foundation's aims are to support the Arts, Education, Climate, Health and Animal Welfare. Each of the donations above are in clear alignment of these aims.

The Foundation does not expect to be open for grant applications in the foreseeable future.

Page 1

Uggla Family Foundation

Report of the Trustees for the Period 25 August 2021 to 31 December 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

In 2021, Lance Uggla established an Uggla Family Scholarship Programme at the LSE (London School of Economics and Political Science), Simon Fraser University (SFU) and with Zamcog, a UK based charity supporting education in rural Zambia. Through these programmes, Lance committed to support ten new students each year at each institution; the scholarships are intended to cover all costs of university including payments for tuition fees, housing, food, travel and books. The scholarships are aimed at students that would otherwise not be able to afford to attend university. The scholarships are awarded to ensure there is gender and ethnic balance and take into consideration hardship that a student may have suffered whilst growing up.

In addition to the financial support, the Trustees of the Uggla Family Foundation and other family members work with the scholars of the LSE and SFU to help support them in their life at university as well as coaching them to help them identify and achieve their future career goals.

There is a strong working relationship between these two universities and the Foundation with both committing their own time and resources to make the programme a success. As part of this the Foundation and family take a key role in helping select the scholars. This partnership is a key success factor to the scholarship programme. The Foundation is also developing other relationships with schools and companies that will additionally support the programme and students.

The Foundation also pays for an internal resource at each of the LSE and SFU that acts as a mentor, coach and guide for the students. This is an essential resource as the students often do not have relevant or appropriate role models to help them through the transition to university life and beyond.

The scholars in Zambia are selected by Zamcog, a charity set up by Julie-Anne Uggla, that provides education for street children in Kabwe, Zambia. Zamcog initially provided primary school education but over the years built its offering so that today it provides education from kindergarten to secondary school. Many of the graduating pupils wish to go on to further education but cannot afford to do so. The Uggla family agreed to support ten students each year in their tertiary education. The students attend many different higher education establishments depending on their career aspirations and qualifications.

In 2022, following the founding of the Uggla Foundation and receipt of donations from the Uggla family, the charity took over the responsibilities of all the Scholarship Programmes. We worked with the universities on their scholarship programmes and provided additional support to the students. It was a successful year with 30 new students being funded during the year with only one student in Zambia leaving further education for family reasons.

The impact of the scholarships is already very clear. The students that we take on as scholars would definitely have struggled to pay their way through university and would have had to take part time jobs or put excessive strain on their family finances. The scholarships have allowed the students to focus on their studies and spend time applying for internships - something they almost certainly wouldn't have had time to do without a scholarship. However, we believe the wider pastoral care, mentorship and coaching that is provided, has given the students a clearer path to their lives after university. Through this work, many of the students have achieved summer internships and/or work experience that would have been difficult to win without the scholarship programme. Given our high touch approach there are a few individuals that would have very likely to have left university completely had it not been for the support we provide. We are still at an early stage of understanding the impact but we believe our scholars will grow up with a strong sense of civic duty and therefore will, in due course, look to "pay back" the support that they themselves have received. We have already seen the grass roots of this.

We have appended to this report the annual reports from the LSE and the SFU for 2022-23 to highlight the impact and effectiveness of the programmes that have been set up.

Going forward the charity aims to build awareness of its programme to build a greater number of applicants and work with the students more to ensure a clearer line to their future careers. The charity will also continue to build the network of organizations that are able to help contribute to the wider Uggla Family Scholarship programme.

We are working with the universities to understand how they plan to deliver all the services and support that has been agreed through a higher inflationary environment than was initially planned. We are discussing and planning internally how inflation could impact the planned programmes and how we may need to flex our initial approach. We are also discussing how we support students that have to take a leave of absence for personal reasons which two of our students have had to take.

Finally, we supported the Turner Prize, the leading modern art award in the UK, through Tate Galleries. The selection and award will be made in Spring 2023.

Page 2

Uggla Family Foundation

Report of the Trustees for the Period 25 August 2021 to 31 December 2022

ACHIEVEMENT AND PERFORMANCE

Investment performance

Our investments are managed by an Investment Committee appointed by the Trustees. The Investment Committee is Cassidy Uggla, Kendall Uggla, Lance Uggla, Roslyn Taylor and Will Meldrum. The investment committee has agreed that the medium- to long-term aim of its investing activities is to grow the funds being managed to meet the long-term commitments of the charity. To this end, investments will be focused on higher growth opportunities with a focus on strong businesses that will endure over a long period of time.

We received donations valued at $34.6 million in March 2022 which at year-end were all invested in public or private equity markets. At year end our total portfolio was valued at USD 28,243,052. In 2022 the performance of the fund was -18.7% for the period from 22nd March to 31st December. As benchmarks, the MSCI World Index and S&P Global 500 were -13.6% and -14.9% respectively for the same period.

Although the funds performed worse than the relevant benchmarks, this was predominantly due to, for historical reasons, being over-weight S&P Global equity that performed badly in the face of the war in Ukraine and growing inflationary pressures. The Investment Committee continues to like the S&P Global market positioning and story and believes it remains a long-term hold for the portfolio, but will be looking to reduce the overall percentage holding over time.

In November, we received a further USD 997,218 that was used to pay for committed pledges at LSE, SFU and the Tate Galleries.

FINANCIAL REVIEW

Financial position

The charity had total financial assets of $28.2m as of 31st December 2022 down 18.7% since 22 March when the assets were received. The markets as a whole were down across the same period principally due to the war in Ukraine, the growth of inflation globally and movement in interest rates. Our funds performed negatively versus our benchmarks due to being strongly overweight in a single stock which individually performed poorly against the market.

The investment committee agreed that greater diversification of the portfolio was desired but agreed that the timing was not right to make the relevant changes or to crystalise the carried losses. The committee reviewed a number of alternative investments and planned to diversify the portfolio when the market recovered.

The investment portfolio will be affected by global equity and credit markets more broadly however the investment committee expects to invest in equities and credit that are well managed and strongly positioned for growth. The committee expects to take long-term investments and will not over-trade its positions. However, the broader macro-economic environment will affect the performance of stocks and we expect to continue to see some turmoil in markets in the coming months and therefore fluctuations in the mark-to-market of the portfolio.

Going forward we would continue to expect the running costs of the main programmes to be funded by Mr Lance Uggla through the charity whilst we manage the investment portfolio for the long-term to fund future expected commitments. The charity will continue to work with Mr Uggla to ensure the most effective tax treatment of funds received. Although the charity does not currently have sufficient assets to cover all the expected liabilities of the scholarship programme and other expected charitable causes, Mr Uggla has committed that over the long-term the charity will be funded appropriately (either internally or externally) to do so.

Reserves policy

The charity does not have a reserves policy:

1) The charity has very low running costs which are entirely controllable.

2) The charity has a significant investment portfolio which it is looking to build over the long-term to meet its future commitments; there is no intention on paying this money out / spending it on operating expenses.

3) Mr Uggla has committed to providing additional funding over the near term to cover any upcoming commitments and expenses, if needed.

Given the above, the Trustees have agreed that a Reserves policy is not required however it will continue to monitor its operations and agree an appropriate policy should it be deemed necessary.

FUTURE PLANS

The Uggla Foundation will continue to work with the LSE, SFU and Zamcog in order to further develop and embed the scholarship programmes. This will particularly focus on ensuring participation is as broad and deep as possible by reaching out to the communities in the UK and Canada to build awareness and numbers of applications. We will also continue to work with the scholars to set them up for success in their future careers. We will work with the universities to ensure the programmes are as future proofed as possible.

Page 3

Uggla Family Foundation

Report of the Trustees for the Period 25 August 2021 to 31 December 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document. The charity is a Charitable Incorporated Organisation, registered 25 August 2021

Recruitment and appointment of new trustees

All of the current Trustees were recruited and appointed in 2022. In order to recruit Trustees the charity sought a broad set of complementary skills covering charity, finance, partnerships, branding, mentoring, career skills and relationship building as well as key representation from the Uggla Family. We do not expect to appoint any new trustees in the near future.

There are no constitutional provisions for appointment.

Organisational structure

The charity has two main decision-making bodies.

1) The Trustees make all overall decisions including governance, organization, HR, relationships, donations etc.

2) Investment Committee which oversees all investment decisions on the portfolio including portfolio structure, investment selection, investment divestment and portfolio review.

Induction and training of new trustees

New trustees are expected to read and adhere to charity commission guidance as well as other trustee advisory papers. The trustees are familiarised with the charity, its aims, recent decisions and commitments by existing trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Fund-raising standards information

The charity does not carry out any fundraising activities.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1195626

Principal address

Fairhaven Church Lane Ardingly West Sussex RH17 6UR

Trustees

L Uggla K Uggla W Meldrum E Uggla R Taylor

Auditors

Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

Uggla Family Foundation

Report of the Trustees for the Period 25 August 2021 to 31 December 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ...... 25th October 2023 .............. and signed on its behalf by:

........................................................................

Will Meldrum, Trustee

Page 5

Report of the Independent Auditors to the Trustees of Uggla Family Foundation

Opinion

We have audited the financial statements of Uggla Family Foundation (the 'charity') for the period ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Page 6

Report of the Independent Auditors to the Trustees of Uggla Family Foundation

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the grant making activity, we identified that the principal risks of non-compliance with laws and regulations related to Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Statement of Recommended Practice.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition and management override. Audit procedures performed by the audit engagement team included:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: ............................................. 27 October 2023

Page 7

Uggla Family Foundation

Statement of Financial Activities

for the Period 25 August 2021 to 31 December 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Grant making
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
13
Net movement in funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
$ 1,453,874
160
1,454,034
15,551
1,493,425
1,508,976
-
(54,942)
130,856
75,914
75,914		 Restricted
fund
$ -
-
-
-
-
-
-
-
-
-
-		 Endowment
fund
$ 34,562,060
217,711
34,779,771
-
-
-
(6,504,670)
28,275,101
(130,856)
28,144,245
28,144,245		 Total
funds
$ 36,015,934
217,871
36,233,805
15,551
1,493,425
1,508,976
(6,504,670)
28,220,159
-
28,220,159
28,220,159

The notes form part of these financial statements

Page 8

Uggla Family Foundation

Balance Sheet

31 December 2022

Notes
FIXED ASSETS
Investments
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
fund
$ -
305,062
98,808
403,870
(327,956)
75,914
75,914
75,914		 Restricted
fund
$ -
-
-
-
-
-
-
-		 Endowment
fund
$ 28,144,245
-
-
-
-
-
28,144,245
28,144,245		 Total
funds
$ 28,144,245
305,062
98,808
403,870
(327,956)
75,914
28,220,159
28,220,159
75,914
28,144,245
28,220,159

The financial statements were approved by the Board of Trustees and authorised for issue on ..... 25th October 2023 ................ and were signed on its behalf by:

............................................. Will Meldrum, Trustee

The notes form part of these financial statements

Page 9

Uggla Family Foundation

Cash Flow Statement

for the Period 25 August 2021 to 31 December 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Donated assets
Income attributable to endowment
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash in cash and cash equivalents due to
exchange rate movements
Cash and cash equivalents at the end of
the reporting period		 $ (65,413)
(65,413)
(1,030,400)
622,134
160
(408,106)
(34,240,649)
34,779,771
539,122
65,603
-
33,205
98,808

The notes form part of these financial statements

Page 10

Uggla Family Foundation

Notes to the Cash Flow Statement for the Period 25 August 2021 to 31 December 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

$
Net income for the reporting period (as per the Statement of Financial
Activities) 28,220,159
Adjustments for:
Losses on investments 6,504,670
Interest received (160)
Income attributable to endowment (34,779,771)
Foreign exchange movements (33,205)
Increase in debtors (305,062)
Increase in creditors 327,956
Net cash (used in)/provided by operations (65,413)

2. ANALYSIS OF CHANGES IN NET FUNDS

At
Net cash
Cash at bank
Total		 Foreign
exchange
25.8.21
Cash flow
movements
At 31.12.22
$ $ $ $ -
65,603
33,205
98,808
-
65,603
33,205
98,808
-
65,603
33,205
98,808

The notes form part of these financial statements

Page 11

Uggla Family Foundation

Notes to the Financial Statements for the Period 25 August 2021 to 31 December 2022

1. GENERAL INFORMATION

Uggla Family Foundation is an Charitable Incorporated Trust (CIO). The charity's registration number is 1195626 and address is Fairhaven, Church Lane, Ardingly, West Sussex, RH17 6UR. The nature of the charity's operations and its principal activities are disclosed in the trustees report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in US dollars which is the functional currency of the charity and rounded to the nearest pound.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification by our investment advisor of the dividend yield of the investment portfolio.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 12

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Period 25 August 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

3. DONATIONS AND LEGACIES

Donations
Gift aid		 $ 35,710,872
305,062
36,015,934

4. INVESTMENT INCOME

Dividends
Deposit account interest		 $ 217,711
160
217,871

Page 13

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Period 25 August 2021 to 31 December 2022

5. RAISING FUNDS

Investment management costs

Investment management charges
6. CHARITABLE ACTIVITIES COSTS

$ 15,551

Grant making
7.
GRANTS PAYABLE
Grant making
Grants to institutions (3)
London School of Economics
Tate Gallery
Simon Fraser University
Reconciliation of grants
Grants committed for the year
Grants paid during the year
Commitments at 31 December 2022
Commitments at 31 December 2022 are payable as follows:
Within one year
After more than one year
Total		 Grant
funding of
activities
(see note
7)
$ 1,511,210		 Support
costs (see
note 8)
$ (17,785)		 Support
costs (see
note 8)
$ (17,785)		 Totals
$ 1,493,425
2022
$
1,511,210
2022
$
600,958
17,872
892,380
1,511,210
$
1,511,210
(1,198,674)
312,536
312,536
-
312,536

Page 14

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Period 25 August 2021 to 31 December 2022

8. SUPPORT COSTS

Finance
$ Grant making
2,352
Support costs, included in the above, are as follows:
Sundries
Foreign exchange (gain)/loss
Auditors' remuneration		 Governance
Other
costs
$ $ (33,205)
13,068		 Totals
$ (17,785)
Grant
making
$ 2,352
(33,205)
13,068
(17,785)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the period ended 31 December 2022.

10. FIXED ASSET INVESTMENTS

MARKET VALUE
Additions
Disposals
Revaluations
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
Analysis of investments:		 Investments
$ 35,271,049
(622,134)
(6,504,670)
28,144,245
28,144,245
2022
$ 2,943,595
20,971,252
140,942
1,745,473
758,947
1,584,034
28,144,245
UK Listed Shares
US Listed Shares
US Private Shares
EU Listed Shares
Uninvested cash
Caymen Islands

Page 15

continued...

Uggla Family Foundation

Notes to the Financial Statements - continued for the Period 25 August 2021 to 31 December 2022

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Gift aid
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals for grants payable
Accrued expenses		 $ 305,062
$ 312,536
15,420
327,956

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS
Net movement in funds, included in the above
Unrestricted funds
General fund
Endowment funds
Endowment fund
TOTAL FUNDS		 are as follows:
Incoming
resources
$ 1,454,034
34,779,771
36,233,805		 Net
movement
in funds
$ (54,942)
28,275,101
28,220,159
Resources
expended
$ (1,508,976)
-
(1,508,976)		 Transfers
between
funds
$ 130,856
(130,856)
-
Gains and
losses
$ -
(6,504,670)
(6,504,670)		 At
31.12.22
$ 75,914
28,144,245
28,220,159
Movement
in funds
$ (54,942)
28,275,101
28,220,159

Expendable endowment - the expendable endowment was established by donations from the charity's founder in March 2022. The trustees have the power to spend the capital; both the capital and income are unrestricted with the expectation is that the majority of the funding will be used to provide scholarship funding for students requiring financial assistance to attend the London School of Economics and Simon Fraser University.

14. RELATED PARTY DISCLOSURES

Total donations from trustees were $35,710,872. Of this donation, $34,779,771 is an expendable endowment. The trustees have the power to spend the capital; both the capital and income are unrestricted with the expectation is that the majority of the funding will be used to provide scholarship funding for students requiring financial assistance to attend the London School of Economics and Simon Fraser University.

There were no other related party transactions for the year ended 31 December 2022.

Page 16

Thank you

The Uggla Family Scholars Programme

Annual Report specially prepared for Lance Uggla & the Uggla Family Foundation

August 2023

Uggla Family Scholars Programme - August 23

Contents

Thank you and foreword from Ben Plummer-Powell 3
Executive summary 5
Meet the 2022/23 Uggla Family Scholars 7
Year in review 11
Partnership achievements 11
Programme achievements 12
Plans for the future 18
Photo gallery 20
Appendix 22

Shaping the world 2

Uggla Family Scholars Programme - August 23

Thank you and foreword from Ben Plummer-Powell

Dear Lance,

Greetings and warm wishes from LSE to you and the Uggla family. We are pleased to share the Annual Report for the LSE Uggla Family Scholars Programme for the 2022/23 academic year. As we conclude the second year and prepare to welcome the third cohort, there are significant accomplishments to celebrate. We are immensely grateful to you for our ongoing partnership with the Uggla Family Foundation and your commitment to LSE. Your induction into LSE’s President’s Circle, reserved for visionary individuals who have contributed to a sustainable future for the School, recognises your exceptional leadership.

LSE implemented two policy amendments this year in response to your leadership within our community, which will have a lasting impact on future generations of Uggla Family Scholars. One of these commitments is the adjustment of our Accommodation Policy, allowing Uggla Family Scholars in their second and third years to reserve accommodation in LSE Residences. This preference ensures that all Uggla Family Scholars have the opportunity to book their accommodation before other LSE students if they choose to do so. This will provide safe living options for Uggla Family Scholars who face financial need and barriers to accessing LSE.

Secondly, LSE has committed to fully fund the remaining tuition costs for three overseas Uggla Family Scholars entering the School annually. This pledge, totalling over £750,000 from the Undergraduate Support Scheme until 2030, ensures access to LSE for overseas undergraduate students. The commitment mitigates the financial challenges faced by previous overseas Uggla Family Scholars in paying their remaining fees throughout their undergraduate career. This will enable us to promote the Uggla Family Scholars Programme as offering full scholarships to selected overseas students. As LSE advances its Shaping the World Campaign, the programme exemplifies transformative support for students in need.

The Uggla Family Scholars Programme at LSE sets a benchmark in UK Higher Education for supporting students with the greatest financial need. In a time of global financial uncertainty, your exceptional philanthropy has redefined our scholarship offerings, allowing talented scholars from around the world to join LSE, contribute to our community, and thrive after graduation as a result of the unique extra-curricular support your Programme offers them. Personally, I have had the pleasure of meeting several of your Scholars and have been greatly impressed by their growth, aspirations, and dedication to LSE.

In recent exciting news, LSE announced Larry Kramer as its next President and Vice-Chancellor. I am personally thrilled that Larry will be joining us as his insight, intellect and appreciation of the role of philanthropy in Higher Education mean that he is the perfect person to lead LSE as we continue to drive forward our Shaping the World Campaign. Larry will take up his post at LSE in April 2024, and we are

Shaping the world 3

Uggla Family Scholars Programme - August 23

delighted that Professor Eric Neumayer will continue as Interim President during that time. While we are in this period of transition, I want to reaffirm LSE’s strong leadership through the LSE Council and School Management Committee (SMC), and our unwavering commitment to advancing the School’s strategy and maintaining the momentum of our Campaign.

The Uggla Family Scholars Programme and our partnership with the Uggla Family Foundation will remain a shining example of the transformational impact of philanthropy, and the difference it can make to the lives it touches. Thank you once again for sharing your vision with us, and all that you do to make our School a better place.

Warmest regards,

Ben Plummer-Powell

Chief Philanthropy and Global Engagement Officer

London School of Economics and Political Science

Professor Emma McCoy, Vice President and Pro-Vice Chancellor for Education at LSE, shares a message of thanks to Lance Uggla and the Uggla Family for their extraordinary support. This video message, which is followed by footage of Uggla Family Scholar Samiha Chowdhury’s speech at the recent Donors and Scholars event, can be viewed online by clicking the red play button below.

Uggla Family Scholars Programme - August 23

Executive summary

In the two years since its inception, the Uggla Family Scholars Programme has become embedded in the culture of LSE, impacting university policy, wider student support, and external companies and communities. Galvanised by the invaluable support and inspiring vision of the Uggla Family Foundation, the Programme remains the most holistic and transformational scholarship offering at the School, with boundless potential for future evolution. Ahead of the third cohort of Uggla Family Scholars commencing their studies in September 2023, we are delighted to share this annual report, summarising our activity and progress during the past year, and highlighting our upcoming plans for the development of the Programme.

The growing community of Uggla Family Scholars have thrown themselves into their studies, and have relished the unique opportunities for personal development that the Programme offers them. We have been delighted by the growth we have seen in the extracurricular support that the scholars are receiving and are excited about celebrating the graduation of the first cohort of scholars at the end of the next academic year. Similarly, the Programme Management team, led by Ikenna Acholonu, have been working hard to identify key learnings and new ways of working to ultimately ensure that the Programme provides the best possible experience and opportunities for scholars, and that the Uggla Family Foundation are able to engage with scholars and the wider School in the most informative and effective ways possible.

In this report we have shared:

Shaping the world 5

Uggla Family Scholars Programme - August 23

We hope that this report helps to illustrate the profound impact and importance of the Uggla Family Scholars Programme, and the countless ways in which it is supporting the personal and academic development of the Uggla Family Scholars. We look forward to our continued partnership, and to creating new ways of working to ensure the Programme remains as engaging and effective for the Foundation as possible. Thank you once again for your truly inspiring philanthropy, and for putting your faith and belief in LSE and the talented students we are proud to have as part of our community.

This map illustrates the global reach and impact of the Uggla Family Scholars Programme at LSE, with beneficiaries at the School hailing from 10 separate countries, with each represented country highlighted in red. With the Programme’s collaboration with Simon Fraser University and the Shitima School, this is a truly international initiative that we are proud to be a part of. We look forward to the Programme’s continued expansion and to seeing further countries represented on this map!

Shaping the world 6

Uggla Family Scholars Programme - August 23

Meet the 2022/23 Uggla Family Scholars

In the 2022/23 academic year we were delighted to welcome the second cohort of Uggla Family Scholars. Below is a short introduction to the scholars and their prioriorities while at LSE.

Jason Clark

Academic goal

To be able to look back on my academic years knowing that I developed skills that I desire.

Professional goal

To secure a vacation scheme and/or a training contract.

Personal goal

Travel the world and achieve significant accomplishments on my bucket list (eg, climbing Kilimanjaro and living/working in southern Patagonia).

Ana Fegan-Smith

Academic goal

Perform to the best of my ability.

Professional goal

Become a solicitor.

Personal goal

Make friends at LSE.

Shaping the world 7

Uggla Family Scholars Programme - August 23

Richard Leandro Gough

Academic goal

Achieve a First.

Professional goal

Gain a variety of corporate experiences.

Personal goal

Give back to everyone who has helped me along the way.

Swann Guignard

Academic goal

To obtain my degree with a First.

Professional goal

To work as a solicitor or prosecutor, either in human rights, criminal law or both.

Personal goal

Travelling around the world for leisure, and also maybe for my professional career.

Khadija Khanom

Academic goal

Make sure I learn all I can.

Professional goal

Build my professional network.

Personal goal

Become confident with public speaking.

Shaping the world 8

Uggla Family Scholars Programme - August 23

Skander Lejmi

Academic goal

Get a First in my degree.

Professional goal

Make an impact and think outside the box.

Personal goal

Reach my full potential.

Harris Mahmood

Academic goal

Enhance my ability to express my opinions on economic matters clearly and concisely.

Professional goal

Obtain a graduate role in a leading firm in my chosen field.

Personal goal

Build long-lasting friendships.

Sian Oti

Academic goal

Do well in all my classes.

Professional goal

Find the best companies and opportunities in my industry.

Personal goal

Build my skills in finance and networking.

Shaping the world 9

Uggla Family Scholars Programme - August 23

Lorenzo Sepuvelda

Academic goal

Find topics in my studies that I really enjoy.

Professional goal

Enjoy a career in law.

Personal goal

Make an impact at LSE and in my community.

Khushi Vajpeyi

Academic goal

Leave LSE with solid critical thinking, reading and writing skills.

Professional goal

Find a job that’s challenging, broad-based and inclusive in the UK.

Personal goal

Work on focusing more on the process instead of just the results.

----- Start of picture text -----
Aleesha Bruce from the 2021
cohort of Uggla Family Scholars
produced a vlog on the LSE
YouTube page sharing her
experience of being a scholar. The
vlog can be accessed by clicking
the red play button on the left.
Shaping the world 10
----- End of picture text -----

Uggla Family Scholars Programme - August 23

Year in review

In this section we summarise the growth and development of our partnership, and the many ways that it is positively impacting the Uggla Family Scholars, and continues to set the benchmark for student support programmes at LSE and across the UK.

Partnership Achievements

President’s Circle & Recognition Plaque in LSE’s Shaw Library

On 13 June 2023, LSE was proud to celebrate the inauguration of the LSE President’s Circle to honour the contributions of transformational individuals. LSE’s now former President and Vice Chancellor Baroness Minouche Shafik unveiled the symbolic plaque in the Shaw Library of the Old Building on LSE campus. This plaque celebrates the legacy of Lance Uggla and the Uggla Family Foundation for generations to come. At this event, a special thanks was given to Lance Uggla and the Uggla Family Foundation:

Lance and his family have shared the lifechanging power of an LSE education with some of the young people who need it most.

In choosing to focus on some of the most disadvantaged – and yet most talented – students from around the world, you have truly maximised the effects of your philanthropy. Through a holistic scholarship programme encompassing not just tuition fees, but living, cultural and professional opportunities, you have made the incredible statement that LSE is for everyone, no matter one’s circumstances in life. LSE is now, and always has been, a place where the world could come and study, but your generosity has allowed us to go out into the world and actively proclaim that creed. This gift has inspired us and moved us one step closer to an intellectual community as diverse in class as

we are in every other respect.

Will Meldrum and Baroness Minouche Shafik in front of the new President’s Circle Recognition Plaque

Baroness Minouche Shafik

Shaping the world 11

Uggla Family Scholars Programme - August 23

Institutional Impact and Changes to LSE Policy

Transformational gifts to LSE, like yours, have an impact on the institution that transcends the lives of individual Scholars which it supports. Your transformational gift has helped to shift the very culture of the institution, as illustrated by the two institutional policy changes that occurred in response to challenges raised by the Uggla Family Foundation this year.

1. Accommodation Policy: To respond to the cost-of-living challenges and the obstacles around finding private accommodation in London, LSE adjusted its accommodation policy to allow all Uggla Family Scholars to reserve housing in LSE residences before opening up bookings to the rest of the LSE student body. This decision was made by the School Management Committee, which includes the President and Pro-Vice Chancellors. This aligned with LSE’s 2030 Strategy priority to Develop LSE for Everyone, as we attempt to make LSE welcoming for all students, especially those with the greatest financial need.

2. Overseas Scholars Tuition Funding: Since launching the Programme, we identified that Uggla Family Scholars from overseas struggled to pay the remainder of their tuition fee after receiving the Uggla Family Scholarship. Colleagues across the School decisively addressed this issue by supplementing tuition fees for overseas students. As a result, more than £750,000 from LSE has been committed to fund Uggla Family Scholars from overseas until 2030, and this figure will be reviewed regularly to ensure it meets the needs of this group of students.

Programme achievements

Continued Commitment to Uggla Family Scholars Programme

As the Programme expands, LSE has strengthened its commitment and support to the Uggla Family Scholars with an increased offering of workshops, career coaching and networking opportunities. This year we coordinated numerous events and facilitated increased engagement with the Uggla family. A number of sessions and topics were covered to provide the highest level of support for Scholars throughout the year. Below are a number of activities and achievements in the Programme and across the School that proved to be impactful for every Scholar:

Uggla Family Scholar Social Events

A number of social events were held with Uggla Family Scholars and members of the Uggla family including the Uggla Family Scholars Welcome Event, Winter Social Bowling Night, Networking Night with Hakluyt and Co, and the End of Year Breakfast with Lance Uggla.

We hope to host the events listed above annually, as well as identifying exciting new event opportunities, and look forward to doing so in collaboration with the Uggla Family Foundation.

Shaping the world 12

Uggla Family Scholars Programme - August 23

Further Alignment with LSE Access & Participation Plan and Widening Participation

LSE has worked to closely align the Uggla Family Scholars Programme with the LSE Access and Participation Plan while adhering closely to the recruitment feedback shared by the Uggla Family Foundation. This has allowed us to strategically place the Programme at the centre of work around student support across the School, and to ensure we select students as stipulated in the partnership’s agreement. This will ensure that students in financial need, from any background, will have the ability to access LSE’s academic programmes and contribute to the School community.

From left to right: Grace Lordan, Lucy Lawler, Richard Nesbitt, Lance Uggla, Ikenna Acholonu, Ben Plummer-Powell

Uggla Family Scholars Programme - August 23

Programme Promotion and Prospective Student Engagement

With campus tours, school visits, offer holder events, online discovery sessions, webinars, and open days, LSE has continued to increase its promotion of the Uggla Family Scholars Programme to prospective students around the world. This year, we will welcome our first student from Canada, and we have actively begun outreach in key areas identified in collaboration with the Uggla Family Foundation.

In various undergraduate touchpoints, activities and events, our recruitment staff spoke extensively about the impact of the Uggla Family Scholars Programme and ways to join the Programme. A summary of this activity can be seen below.

Between 1 May 2022 and 31 March 2023 , the Student Marketing, Recruitment and Study Abroad (SMRSA) team achieved the following:

Over 2,000 Over 650 Over 400 attendees attendees attendees UG Open Day July 2022 across 10 campus tours across 22 UG Discovery sessions

Over 80 UK

Over 50

Over 120 UG public information sessions/ school visits/fairs delivered

events

including UCAS fairs, inbound international cities visited visits, and UK outbounds

Over 3,000 offer holders

Over 3,000 Over 300 clicks offer holders received email on financial on Programme content in 2023 support and the Programme offer holder email.

Over 190 views

of pre-arrival email content from 2022 scholar cohort

50% of Uggla Family Scholars

engaging with SMRSA promotional and recruitment activity

Over 1,000 UK students and teachers

received comms promoting the Programme

Shaping the world 14

Uggla Family Scholars Programme - August 23

Between 1 Jan 2022 and 31 December 2022, our Uggla web content on LSE pages has had

Over 18,500 Over 13,500 Over 24,500 page visits views views to programme homepage to new Programme web content across Programme web content

Uggla Family Scholars also took part in UK outbound visits to promote the Programme and share their experiences. During 2022/23 so far, three Uggla Family Scholars (Aleesha, Arif and Samiha) have conducted six visits to their previous secondary schools and sixth form colleges. Further work has been done to promote this experience through video content and blogs on the LSE website.

Furthermore, during 2022/23 LSE achieved the future promotion plans outlined in our strategic objectives last year:

Future plans from 2021/22
report		 Status in
2022/23		 Details
The Uggla Family Scholars
Programme Marketing and
Recruitment Strategy will be
completed by the summer of
2022.		 Achieved The Strategy is available upon
request.
Strategy covers plans for 2022-
2025.
Virtual events specifcally
targeting prospective Canadian
students to promote the
programme will be held in the
2022/23academicyear.		 Achieved The event took place in October
2022 and the recording remains
available for viewing on our
website.
Our pre-arrival support
ofering for Uggla Family
Scholars before the start of the
2022/23 academic year will be
increased.		 Achieved See above section for more
information.
Student-led content from
current Uggla Family Scholars
will be used on the Uggla
Family Scholars website and
social mediapromotion.		 Achieved See above section for more
information.

Shaping the world 15

Uggla Family Scholars Programme - August 23

Next year, we intend to:

1. Increase the number of Uggla Family Scholars who are Student Content Creators to create more digital promotion of the Programme

2. Produce more budgeting and money management content for the 2023 incoming Scholars

3. Provide more transitional support and content for overseas Scholars as part of the pre-arrival support for the 2023 incoming Scholars

4. Utilise more Uggla Family Scholars in UK school visits

Increased Careers Offering and Scholar Summer Plans

This year, extra emphasis was put on providing adequate career support to both firstand second-year Scholars. In collaboration with LSE Careers and the LSE Summer Internship Programme, we sought to diversify the opportunities that the Uggla Family Scholars had to broaden their horizons and explore their options for their professional lives.

LSE Careers workshops

LSE hosted four careers workshops with LSE Careers and the Uggla Family Scholars with the topics:

The Scholar Support Sessions were hosted by a professional careers consultant, with the objective being that students receive bespoke guidance and coaching that will help them to make informed decisions about their first steps into professional life.

Summer opportunities

This year an increased focus was put on Scholar career readiness and preparing them for taking advantage of summer opportunities. LSE launched the LSE Summer Internship Programme targeting undergraduates without internship experience. Three bespoke positions were made available for Uggla Family Scholars to apply for. One Scholar, Mahnoor Murad-Khan, took up this opportunity and will be interning with the organisation Teach a Man to Fish in a paid summer internship. Along with this, Will Meldrum, Director of the Uggla Family Foundation, kindly delivered extensive individual coaching to prepare scholars for their interviews for different opportunities, an incredible illustration of the value of our partnership – thank you again, Will! As a result, every Scholar who was seeking a paid opportunity in an internship or work experience programme was able to find one for this summer.

Shaping the world 16

Uggla Family Scholar Samiha Chowdhury delivers a speech at the annual Donors and Scholars event in April 2023. A link to a video of her speech can be found on page 4.

Impact of Key Engagement Opportunities with the Uggla Family Foundation

One of the many characteristics that sets the Uggla Family Scholars Programme apart from other scholarship programmes at LSE or across the UK, is the enthusiasm that the Uggla Family Foundation and members of the Uggla family have for the Programme and the time that they commit to it throughout the year. The annual Welcome Event, the Budget Workshop with Will Meldrum, and the Autumn Social have become pillars of the programme. These events are key to building the cohort and peer mentorship culture, and to connecting Scholars to the Uggla Family Foundation, and their impact is truly felt by each individual Scholar.

Our goal is to establish key annual touchpoints and events that will be open to both current Scholars and alumni as the Programme continues to grow in the years to come. We are grateful to the Foundation for being an active partner in the Programme – you really do make it what it is!

Shaping the world 17

Uggla Family Scholars Programme - August 23

Plans for the future

Planning for next year and the future of the programme is fully under way. Elements are listed below and will be shaped further in conversation with the Uggla Family Foundation.

Expanding peer mentorship

With a full cohort of three classes of Uggla Family Scholars at LSE, further establishing the culture of peer mentorship is vital to building a lifelong connection to LSE, to the Uggla Family Foundation, and to each other.

This was facilitated this year as we welcomed the second cohort of Scholars. Each new scholar was paired up with a second-year Scholar who shared their insights and were available to help Scholars as they navigated their studies, internship search, and social life at LSE. We intend to enhance this practice for next year by providing additional resources to enable greater collaboration between students, and will also extend it to alumni, who will play a key role in mentorship for the Programme.

Increased support for professional development and wider career

aspirations

We are focused on ensuring that the Uggla Family Scholars are given the opportunity to build their soft skills, which is a fundamental aspect of their professional development. This will continue next year, and we have shared some ideas below on how this might look:

Civic Engagement & Social Enterprise Pitch Project

One of the Programme’s key values is Civic Engagement and, working closely with Grace Lordan and the Inclusion Initiative, we will launch the Civic Engagement & Social Enterprise Pitch Project for third-year Uggla Family Scholars. This will be an opportunity for Scholars in their final year to learn leadership, teamwork and presentation skills, while being exposed to ideas of entrepreneurship and the realities of starting a business or social enterprise. With workshops run by academics and business leaders, we will provide Scholars the opportunity to imagine themselves as entrepreneurs as they work as a group to start a profit-making enterprise that can help address a challenge facing the world. These projects will be pitched at the end of the year to a panel of professionals who will judge the winning project.

Workshops on leadership & professional skills

While the Scholars will continue to receive career support focused on securing professional opportunities, we also hope to provide workshops and coaching sessions that discuss some of the soft skills around leadership and professionalism that are not often explained in university careers offerings. Learning different cultural norms of professionalism, etiquette and communication styles is key for relationship building and networking as they navigate their careers. This will help to set the Uggla Family Scholars apart both when they are applying for jobs, and when they enter their first roles and begin building relationships with colleagues and stakeholders.

Shaping the world 18

Uggla Family Scholars Programme - August 23

Academic and career challenges for Uggla Family Scholars

We are conscious that there are uncontrollable factors that may cause disruption to students’ studies. Often these are related to their personal circumstances, which can change unexpectedly and in turn can affect their academic performance. While we do everything in our power to prevent an interruption of studies, they are occasionally unavoidable, and this year we saw our first Uggla scholar interrupt their studies.

We have already taken steps in response to this, which are to increase our academic mentorship offering with the Inclusion Initiative and plan an annual workshop or session with LSE Student Counselling Service for the Autumn Term to mitigate some of the challenges that are common in the demographic of students that make up the Uggla Family Scholars. Having a dedicated Programme Manager in place, providing one-to-one support, also allows us to identify any issues early on, and mitigate any risks that could cause a disruption in studies.

Celebratory Graduation event and launch of alumni engagement

We are excited to share that planning for the graduation of the first cohort of Uggla Family Scholars at the end of the 2023/24 academic year is already underway. There are a number of events and activities leading up to graduation day that will be shared with the Uggla Family Foundation in the weeks to come. The LSE Alumni Engagement team will work closely with the Programme Manager and the Uggla Family Foundation to identify and deliver a special offering to mark this meaningful milestone in the Programme. This will be an occasion of great celebration at LSE, as the first Uggla Family Scholars join LSE’s alumni community and begin the next phase of engagement with the Uggla Family Scholarships Programme.

Lance Uggla, Will Meldrum, Ikenna Acholonu and a group of Uggla Family Scholars at the recent End of Year Breakfast event.

Uggla Family Scholars Programme - August 23

Welcome Event 2022

Shaping the world 20

Uggla Family Scholars Programme - August 23

President’s Circle Event 2022 and Hakluyt visit

Shaping the world 21

Appendix: Developing a world-class scholarship programme

Programme overview

The Uggla Family Scholars Programme is guided by five values:

----- Start of picture text -----
Gaining a
global
perspective
Learning how Making a
to lead difference
inclusively in through civic
society engagement
----- End of picture text -----

Striving for academic excellence

Giving and receiving peer support

Shaping the world 22

These values are delivered through three major components of the programme:

Along with the programmatic aspect, the scholarship also provides funds for residences and living stipends. Scholars are given a choice of whether to live in LSE housing or to secure their own accommodation.

Programme staff

Academic Mentor – Dr Grace Lordan

Uggla Family Scholars benefit from a range of support, including academic mentorship from staff across the School.

The Programme, in collaboration with the Inclusion Initiative at LSE, offers support to each scholar by creating a plan to ensure their academic success. Dr Grace Lordan, Founding Director of The Inclusion Initiative and Associate Professor in the Department of Psychological and Behavioural Science, provides academic and career mentorship to scholars, both as a cohort and individually. With her support, five internships for the scholars have been secured in collaboration with The Inclusion Initiative at LSE.

Programme Manager – Ikenna Acholonu

As a unique component of the Programme, the Programme Manager establishes its structure, manages resources and stakeholders across the School, organises workshops and seminars, provides individual coaching for scholars, and is the main point of contact for the Uggla family.

Ikenna is a professional programme and project manager, with more than 10 years’ experience developing and facilitating programmes specifically within the education sector.

Programme Outreach Coordinator – Syeda Nazia Taznim

This year the Uggla Family Scholars team at LSE grew to include a key member placed in LSE’s Student Marketing and Recruitment Division who is responsible for delivering impactful and innovative ways to promote the Programme to prospective students in the UK and overseas. Extensive work has been done to promote the Programme which has already raised its profile.

Nazia has been a part of the LSE community for a number of years including as an undergraduate student, and she uses her experience as a student to plan the most effective ways to reach students including social media, newsletters, videos, virtual events and undergraduate open days.

Shaping the world 23

Thank you

Thank you

We would like to take this opportunity to offer our sincere thanks once again to Lance, the Uggla Family, Will Meldrum and everybody at the Uggla Family Foundation, for their extraordinary vision and unfaltering commitment to creating opportunities for talented students at LSE.

The Uggla Family Scholars Programme continues to lead the way in UK higher education scholarship initiatives, and we remain deeply proud and profoundly grateful that you chose to partner with us in introducing such a unique and impactful offering for our students. As one of the most international universities in the world, we cherish our links with Simon Fraser University in Canada and the Shitima School in Zambia, which were created by your inspiring philanthropic commitment to our three academic institutions, and will remain in perpetuity.

the Programme connects students from across LSE whose paths may not otherwise have crossed, and allows them to make friendships and share experiences that will live with them for long after they leave the School. This is what makes your Programme truly special.

We hope that this report has helped to illustrate the importance of the Programme, and the many ways in which it is helping to support the Uggla Family Scholars. We look forward to working in partnership to continue to grow the Programme, improve the support we can offer students, and, as we prepare for the first cohort of Uggla Family Scholars to graduate next year, begin building a unique alumni community of previous beneficiaries.

Thank you once again.

As well as providing transformational financial support and personal development opportunities,

Aoife Jones

Head of Philanthropy

A.P.Jones@lse.ac.uk

Ikenna Acholonu

Uggla Family Scholars Programme Manager

I.Acholonu@lse.ac.uk

Philanthropy and Global Engagement Division (PAGE) The London School of Economics and Political Science Houghton Street London WC2A 2AE

The London School of Economics and Political Science is a School of the University of London. It is a charity and is incorporated in England as a company limited by guarantee under the Companies Acts (Reg no 70527).

The School seeks to ensure that people are treated equitably, regardless of age, disability, race, nationality, ethnic or national origin, gender, religion, sexual orientation or personal circumstances.

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SHAPING STRONG LEADERS
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AN IMPACT REPORT ON THE UGGLA FAMILY SCHOLARSHIP PROGRAM AT SFU

September 2023

UGGLA FAMILY SCHOLARSHIP PROGRAM | IMPACT REPORT SEPTEMBER 2023

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AN EXPANDING, SUPPORTIVE COMMUNITY

We are proud to share the inspiring difference that you are making through your generous investment in the Uggla Family Scholarship program at Simon Fraser University.

Through your incredible generosity and commitment to education, the Uggla family is empowering young people in their pursuit of higher learning, nurturing them as they hone their skills and find ways to contribute their talents toward building a better world.

Thank you for your extraordinary dedication to the students of SFU and the young individuals pursuing studies at the London School of Economics. Through your remarkable leadership, you are creating a lasting and positive impact on communities both locally and globally.

We are thrilled to share the below profiles of students within the second cohort, whose pathways to higher education are made possible by your support.

To Lance and the Uggla family: you play a vital role in driving progressive change and nurturing a new generation of innovators who are capable of transforming individual lives and communities. Thank you for partnering with SFU to equip students with the knowledge and values they need to be our future leaders—people who will effect change in workplaces, communities, and governments, creating a positive impact on a global scale.”

ANGIE LAMARSH

Because of you, these dynamic individuals are embarking on their educational journeys with an abundance of hope, and ambitions to lead positive change and create a brighter future for all.

Chair, SFU Board of Governors

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MESSAGE FROM THE PRESIDENT

Dear Lance and family,

SFU has seen another remarkable phase of growth over the 2022-23 academic year and your historic gift continues to play a key role in SFU’s growth, as we remain committed to equipping students with the skills and knowledge they need to adapt, succeed and thrive in our rapidly changing world.

As we prepare to welcome a third cohort of Uggla Family Scholarship recipients to Burnaby campus this fall—and see the first and second cohorts continue to mature and flourish—we are reminded that our mission is more profoundly achieved with the leadership and generosity of partners like you.

Each year, the Uggla Family Scholars community grows stronger and more diverse, bringing new perspectives and ideas to our campus. Their presence enriches the student experience and contributes to the vibrant and inclusive culture we strive to foster here at SFU.

The Uggla Family Scholarship Program at SFU is a cornerstone for initiatives that promote access and equality for all students, further advancing our mission to be a global leader in innovation and social transformation. In this way, your leadership goes beyond individual impact and instills a lasting legacy for generations to come.

Lance, as always, thank you for your family’s outstanding investment in SFU through the Uggla Family Scholarship program.

We are truly grateful for your partnership and look forward to continuing to achieve great things together.

Joy Johnson President, Simon Fraser University

UGGLA FAMILY SCHOLARSHIP PROGRAM | IMPACT REPORT SEPTEMBER 2023

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UGGLA FAMILY SCHOLARSHIP PROGRAM 2022 SCHOLAR PROFILES

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ALIMATOU BA

This scholarship also helps me keep pushing, because it reminds me that I was chosen, also that I am trusted and capable.

I would not be here at SFU without the Uggla Family Scholarship, which has offered me post-secondary education and a better life for my family. While it’s challenging having a little kid while going to school, there is no greater lesson for my daughter than going through this journey with me.

This scholarship has helped me break generational cycles, as well as cultural and financial barriers of women not attending higher education. This scholarship helps me keep pushing, because it reminds me that I was chosen, also that I am trusted and capable.

I chose SFU because it is the only post-secondary Institution in B.C. that offers an Actuarial Science program, and it is widely recognized in Canada and world.

While it’s been a lot to navigate, Bernard and the rest of the team have always been here to support and guide, making the transition as smooth as possible. I’m very grateful for the guidance and looking forward to take part more in the Statistic and Actuarial Science program, and joining the Students of African and Caribbean Ancestry club.

Thank you, Lance and family, for your generosity and investing in SFU students like me. This scholarship has changed my life. This journey has meant so much to me and I hope to be a source of inspiration to any immigrant women who have experienced a similar journey—of arriving in a country without knowing the language, surviving domestic abuse, or homelessness and still making it. Thank you again for your generosity and support.

UGGLA FAMILY SCHOLARSHIP PROGRAM | IMPACT REPORT SEPTEMBER 2023

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TRU SPIRIT COURTOREILLE

Lance Uggla and family: thank you for providing me with this opportunity, which means so much to me and to my family.

With the passing of my mom, this year hasn’t exactly been a smooth-sailing journey. However, I am encouraged daily to focus on my studies and I know my mother would want me to continue to be my best and that’s exactly what I’ve done.

I knew I wanted to attend SFU since I was little. In Grade 3, I heard SFU campus was built on a mountain and it piqued my interest. In Grade 6, I attended a field trip with my class to explore the Faculty of Science and look at different skulls. This was my first time visiting the campus and I knew from then on, I wanted to come here.

I’m looking forward to continuing coursework over the next year and taking up volunteering opportunities within my field. I’m currently pursuing Psychology as a major but this past Spring after taking an introductory Indigenous Studies class, I have decided to pursue both Indigenous Studies & Psychology as a major and minor throughput my post-secondary journey. This upcoming school year I am very excited to take a course in Indigenous film and cinema that discusses the lack of representation and mockery of Indigenous culture in the media.

Lance Uggla and family: thank you for providing me with this opportunity, which means so much to me and to my family.

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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SIENNA DICKSON

This scholarship is a gift that has given me the ability to fully pursue my education.

Without the Uggla Family Scholarship, I am unsure I would have been able to keep up with the academic responsibilities and financial demands of university. My ability to be a part of university clubs like the First Nations, Métis, and Inuit Students Association (FNMISA) is a direct result of not needing to spend all my free time outside class working to pay school and life expenses. It has been truly life-changing.

So far, my experience as an Uggla Family Scholar has been amazing. Bernard has been my rock throughout this year and I cannot thank everyone enough for the supports that I have been provided.

I came to SFU because I had heard of the Archaeology program and it intrigued me that SFU was one of the only universities with a Faculty of Environment. So far, my favourite courses have been: Archaeology 131 Human Origins which was about Biological Anthropology and tracing the origins of the species Homo in the archaeological record; and Indigenous Studies 332 Indigenous Ethnobotany. Next year, I am looking forward to navigating new courses and all the other aspects of my life, as well as continuing my work as a board member on FNMISA.

Thank you so much to Lance Uggla and family for establishing this scholarship. This scholarship is a gift that has given me the ability to fully pursue my education. As a neurodivergent, disabled student I cannot express enough how much this gift has benefitted my ability to learn and focus while at university. Thank you again for believing in me and my ambitions.

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JAE HEE KIM

I’ve made impactful connections and relationships through this program that I know will last a lifetime.

The Uggla Family Scholarship has made a significant impact on my student experience, providing not only financial support but the chance to be a part of a supportive network, which includes my fellow Uggla scholars. Anytime I’ve had a question or concern regarding my academics, I’ve been able to go to the UFS manager Bernard to ask for help. His guidance and support have made the transition to university easier. I’ve made impactful connections and relationships through this program that I know will last a lifetime. These connections extend to a personal level as I’ve also met one the best and now closest friends in my life within my own cohort.

I want to express my gratitude to the Uggla family for the support they have given me which has changed the trajectory of my life in the most positive way. This scholarship has created a chain of amazing experiences and connections that I never knew I would be lucky enough to have.

Being a computer science major, I am excited about the chance to participate in SFU’s co-op program, and bring knowledge from the classroom into practice. I’m also looking forward to my second year of courses, working on new projects and joining additional clubs.

University has been a new and challenging experience. Although my first year has had its stressful moments, I’m grateful to have gained such a wonderful support network which has helped me adjust to as well as enjoy university despite any and all obstacles.

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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MAELLE MCCALLUM

I so appreciate being a part of a community where we all have so much respect and understanding for each other’s journeys and values.

The Uggla Family Scholarship has been life-changing. Not only has it helped me pursue post-secondary education financially and access resources, one of the most surprising impacts has come from the ability to live in student residence. Living in student residence and being close to my peers in the program has made such a difference. It is such a blessing to be able to meet with friends, lend a helping hand, and share meals together. I am so thankful for this supportive community.

The support of Lance Uggla and his family not only changes individual lives, it has a profound effect on cycles of hardship affecting scholars’ families and communities all around. This scholarship represents so much more than education. With the community that has formed so far, we are always learning from each other’s different perspectives and it is vital to maintain that open-mindedness.

I so appreciate being a part of a community where we all have so much respect and understanding for each other’s journeys and values. The new friends I’ve made with other Uggla Family Scholars have been there to listen, laugh, and learn with me.

Growing up, I’ve always lived nearby SFU and I have felt connected thanks to free extracurricular programs like Girls Get IT! which helped me begin learning about programming and engineering topics. SFU was my first choice for pursuing computing science. I am so excited to delve deeper into my field, as well as to begin prepping to take a co-op. I also look forward to meeting all the new Uggla Family Scholars and learning about their personal stories!

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JENNY NGUYEN

The family-like community of people I’ve met through this program have become my best friends and supported me through the process of moving onto campus.

My life has been transformed, thanks to the Uggla Family Scholarship. In addition to financial, academic and personal support (during my transition to on-campus residence), the scholarship has helped me gain a stronger sense of independence, and given me the opportunity to connect with my community through events like faculty socials and workshops. I have also had the chance to volunteer in a science research lab, which would not have been possible if I was a commuter student.

The impact of the Uggla Family Scholarship Program reaches far beyond its 10 annual SFU recipients. For example, having access to academic supports has enabled me to share my knowledge with friends outside the scholarship program, improving their experience as well. Thank you to Lance and the Uggla family for your investment in a future built of educated, diverse leaders. Your generosity is motivating and has changed so many lives, both within and outside of this program.

As an immigrant and eldest child in my family, I lacked guidance when it came to the university transition. However, the family-like community of people I’ve met through this program have become my best friends and supported me through the process of moving onto campus.

I was originally drawn to SFU because of its great co-op program and research opportunities for undergraduates. However, the university’s plans for the new medical school have made me excited to not only complete my bachelor’s degree but also to potentially pursue an M.D. here afterwards.

Looking ahead, I am excited to keep involved in the community and explore opportunities for internships in the bionics field or medical shadowing. I am also interested in applying for a semester abroad exchange program and joining the dragon boat team. Finally, I can’t wait to meet and get to know the next cohort of Uggla Family Scholars, and to guide them through their university transition just like how the first cohort helped me

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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EUN SIM

My first year has been filled with excitement and memories, and with this support, I’ve been able to pursue things I have always wanted to do before.

I have so much gratitude for the Uggla Family Scholarship. Not only have I had more time to focus on my studies, I’ve been able to engage with the school more by joining clubs, attending extra study sessions, and volunteering. Focusing on some of my extracurriculars, I was also able to advance my relationship with other club members which I think created a better environment for me to flourish. My first year has been filled with excitement and memories, and with this support, I’ve been able to pursue things I have always wanted to do before.

I came to SFU with an interest in policing and interpreting the law. So far, studying criminology has been incredibly interesting. Also, as I live far from the university, having housing covered has saved commuting and helped so much. Initially, I was nervous to start off university, but with the help of the advisors, Bernard and Silvia, and the first cohort, I feel very connected to the program and school, which has helped with the transition from high school.

For my second year, I hope to join more clubs and apply to help out with such positions as a Welcome Day leader. I’d also like to look into exchange programs.

Thank you, Lance, and the Uggla family for this wonderful opportunity for students like myself to have the chance to dream. I am beyond grateful and appreciate all the support I’ve received from this scholarship so far.

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RACHELLE TRI

My first year has been great and I’ve been able to get through this semester so well because of the support system built into this scholarship program.

The Uggla Family Scholarship has given me the chance to have a very full undergraduate student experience, especially while living on campus. The financial and emotional support has relieved so much burden. It’s been especially helpful to have weekly meetings where the scholars gather and talk with one another. I think I would have been much more stressed and found it harder to make friends without this opportunity.

I’m so grateful and thankful for the support of the Uggla family, through this scholarship. Because of you, students like me are thriving and getting closer to their dreams due to all your contributions!

My first year has been great and I’ve been able to get through this semester so well because of the support system built into this scholarship program. I was initially quite nervous to meet the other scholars but now, I can’t even imagine my school life without them and also Bernard, who has been an awesome support. Although the courses that I’m taking aren’t the easiest, I’ve been able to reach out to my peers or supports and this has definitely helped me not spiral into a mess.

I came to SFU with a specific interest in entering the Health Sciences Program. I also knew that SFU’s cooperative education program was one of the best in Canada, so I hoped to participate in that.

For next year, I’m definitely looking forward to meeting the new cohort of Uggla Family Scholars and welcoming them into our growing family! I’m also excited to explore more clubs and extracurriculars now that I’m more comfortable with university life.

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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EVA YUENG

Through sharing struggles and getting advice from the first cohort of Uggla Scholars, I’ve made such meaningful connections.

The Uggla Family Scholarship enabled me to focus on my studies while providing additional support when needed. Supporting me not just financially, it’s also helped me create community. I’ve been able to connect with my peers and having these connections has been really beneficial in the transition from high school to university.

The workshops on topics like mental health, storytelling, and budgeting have been helpful, offering perspectives that may not necessarily be taught within the classroom.

Although my first year started out difficult, the support that I have gotten in that transition has been amazing. Through sharing struggles and getting advice from the first cohort of Uggla Scholars, I’ve made such meaningful connections. The formal and informal check-ins throughout the semester have also been very helpful.

I chose SFU to attend the Beedie School of Business and explore the field of Human Resources. SFU is known as a place that provides opportunities to learn outside of the classroom which goes well with my hands-on learning style.

For my second year, I’m looking forward to getting more involved in the community with clubs, continuing with my academics, and preparing for internships and co-op in my third year.

I would like to say thank you to Lance Uggla and the Uggla Family for this life-changing opportunity. Having their support in all aspects of our endeavors has helped create an amazing community and I look forward to how the program will be shaped in the years to come for new cohorts.

UGGLA FAMILY SCHOLARSHIP PROGRAM | IMPACT REPORT SEPTEMBER 2023

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BUILDING A COMMUNITY OF LEADERS

The Uggla Family Scholarship Program fosters an incredibly supportive and nurturing environment that encourages a uniquely reciprocal mentorship approach among its students. As the first cohort progresses into their third year, they continue to mature both personally and professionally, eagerly seeking new opportunities such as cooperative education and study abroad experiences.

During this journey, SFU remains dedicated to supporting these students as mentors, while the students themselves are developing strong leadership skills and providing invaluable guidance and support to one another.

Leveraging their position as senior scholars, the first cohort students take on the role of mentors for the second cohort, creating a remarkable cycle of support and growth. As the second cohort enters their second year, it is clear how the Uggla Family students share a deep sense of camaraderie, that is expanding and extending the program’s positive impact.

It is an honour and privilege to facilitate this community’s growth and witness its evolution over the last year.

Many students from both cohorts express they are looking forward to the arrival of the third cohort in September

Both the first and second cohorts of Uggla Family Scholarship students have formed a kind of family. They show the utmost care and attention toward each other and are cheering each other on as they move through their studies.

FORGING INTERNATIONAL CONNECTIONS

It is truly heartwarming to witness the formation of potentially lifelong friendships within the Uggla Family Scholarship community as it continues to grow and thrive.

Students within Uggla Family Scholarship Program also cherish the opportunity to build international ties with scholars from the London School of Economics through the similarly structured Uggla Family Scholars Programme. Virtual networking events in Spring 2021 and March 2022 have been met with great enthusiasm, and students are excitedly looking forward to the fall 2023 event. Building global connections not only enhances the students’ perspectives but provides them with a sense of belonging to a truly global community.

BERNARD RYU

Manager Uggla Family Scholarship Program

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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EXPERIENTIAL LEARNING

Throughout Fall 2022, several students have had the privilege of enhancing their learning experiences as student ambassadors, attending prestigious events like the SFU Chancellor’s Distinguished Service Award and the President’s Distinguished Community Leadership Award Reception, among others.

These special occasions not only allow students to refine their networking skills but also offer a unique opportunity to engage with changemakers and passionate advocates—leaders like you—who are working towards a more just, equitable, and sustainable society for all. We are excited and look forward to continuing to involve the Uggla Family Scholars in exclusive SFU events like these in the future.

Top:

Students Rahim Ali, Vanessa Scrimini, Denise Wong, Nalyssa Runge, and Aina Rabesoa attended the SFU Chancellor’s Distinguished Service Award and the President’s Distinguished Community Leadership Award Reception in September 2022;

Right:

Aina Rabesoa, Tenzin Lama and Elizabeth Wu were able to join as student ambassadors for the President’s Seasonal in December 2022.

Pathways to a brighter future

In November 2022 Aina Rabesoa, a first cohort student from the Uggla Family Scholarship Program participated in a Q&A piece for SFU News. The piece was cross-posted on our alumni website and gained significant attention on our social media channels. Aina was also featured in the 2022 President’s Seasonal video.

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PROGRAM EVALUATION AND RECRUITMENT METRICS

As was done for the 2021-22 academic year, both the first and second cohorts of Uggla Family Scholars were invited to complete a program evaluation survey, which provided some encouraging feedback.

Overall, the program has been met with strong approval. The majority of scholars have shown keen engagement and taken advantage of the wide range of resources and opportunities available to them at SFU.

Notably, the survey responses from the second cohort also showed that several scholars are dedicating themselves to part-time work, gaining valuable work experience that complements their academic journey and further enhances their professional development.

As we prepare to welcome over 5200 new undergrads to SFU this fall—including the third cohort of Uggla Family Scholars— we’re reminded of the significant impact of your generosity on SFU students and their educational journeys. As always, Lance and family, thank you for your outstanding commitment and helping these students pursue their aspirations and contribute to a brighter future. Together, we are shaping a truly transformative and inclusive educational landscape.

Each term, several gatherings are organized for the scholars, including weekly meetings to foster social connections, movie nights, and other enjoyable social events with delicious snacks, and fun activities, as well as educational workshops. These gatherings not only strengthen their bonds but also provide a much-needed outlet for relaxation and recharging, contributing to a well-rounded and supportive community.

The scholars are leveraging these experiences to add valuable and marketable elements to their resumes, positioning themselves for increasingly exciting opportunities in their upcoming third and fourth years.

TOM NAULT

Through this holistic approach, the Uggla Family Scholarship program nurtures students’ leadership and professional skills while also encouraging them to forge lasting connections with their peers.

SFU Registrar and Executive Director of Student Enrollment

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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Courtyard Residence offers Uggla Family Scholarship students heightened accommodations

This spring 2023, several of the Uggla Family Scholarship students moved into the new Courtyard Residence at Burnaby campus.

This striking two-building residence provides breathtaking views from Burnaby Mountain, stunning outdoor areas, including a centrally-located exterior courtyard, swings, ping pong tables and open-air gathering spaces. It also features the standard amenities required to meet student needs, including modern rooms, private shared washrooms, multi-functional spaces including a house lounge, kitchen, laundry room and 24/7 front desk support.

AT A GLANCE

2022 UGGLA FAMILY SCHOLARSHIP DIGITAL MARKETING CAMPAIGN

In October–November 2022, we embarked on a successful pilot advertising campaign for the Uggla Family Scholarship Program to improved mass brand awareness, with the ultimate aim of increasing quality and number of applications and candidates. This and all future campaigns will work cohesively to increase equity and recognition of the Uggla Family Scholarship Program.

For reference, we have included the full 2022 Uggla Campaign Report, with detailed metrics as an appendix.

UGGLA FAMILY SCHOLARSHIP PROGRAM | IMPACT REPORT SEPTEMBER 2023

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LOOKING AHEAD

We look forward to welcoming the third cohort of Uggla Family Scholarship recipients, and getting to know these exceptional students who will undoubtedly contribute to the vibrant community within our institution.

We deeply appreciate the opportunity to involve extended members of the Uggla family to participate in the selection process, in addition to meeting and welcoming the new scholars. Your support and encouragement play a pivotal role in nurturing these future leaders.

Moving ahead, SFU also remains committed to promoting the Uggla Family Scholarship program, both digitally and in-person.

As always, we are grateful for your thoughtful engagement and all you do in enriching this dynamic community as it continues to grow and evolve, paving the way for a brighter and more promising future.

Lance and family: thank you for partnering with SFU to give bright young people the chance to activate their passion and creativity. Because of you, the Uggla family scholars are not only the gaining the knowledge and skills they need to succeed individually, they are shaping a vibrant, supportive community, and developing their talents for the betterment of society. Your unwavering support stands as a beacon of inspiration, encouraging us all to work together to build a brighter future for all!

ERIN MORANTZ

Vice-President, Advancement & Alumni Engagement

IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM

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WITH GRATITUDE

SFU is deeply grateful for your outstanding support. We are inspired by your vision for a better future, where young people have the support, tools and values to follow their purpose and harness new ideas to benefit society.

On behalf of the SFU community, thank you for your commitment to partner with us. Working together we are transforming the university and educating innovative and resilient global leaders for a rapidly changing world.

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For more information, please contact:

Erin Morantz

Vice-President Advancement & Alumni Engagement 604-764-7896 vpaae@sfu.ca

Bernard Ryu Manager, Uggla Family Scholarship Program Student Engagement and Retention Services 604-367-5559 bernard_ryu@sfu.ca

SIMON FRASER UNIVERSITY 8888 University Drive Burnaby, British Columbia Canada V5A 1S6

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IMPACT REPORT SEPTEMBER 2023 | UGGLA FAMILY SCHOLARSHIP PROGRAM