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Your Support is Having a Worldwide Effect

Your Support is Having a Worldwide Effect

Visit http://www.tyndaleimpact.ca for more information on the Annual Fund or contact Tuuli Hannula at thannula@tyndale.ca or 416.218.6789
2012 - 2013 Academic Year

God is at work at Tyndale in amazing ways! Student enrollement, for the fall and winter terms, has grown from 1,082 in 2007 to 1,311 this past year. We have new academic programs that continue to expand Tyndale’s reach. Non-credit courses, seminars, and conferences are being offered live and online through the Tyndale Open Learning Centre. This means that operating revenues have grown from $13.7 million in 2009 to $15.8 million in 2013. The new Bayview campus is now in the first phase of renovations to convert it into a modern, post-secondary academic facility.

Times of growth and development often bring challenges. Operating costs have grown from $13.7 million in 2009 to $16.4 million in 2013, as faculty and administrative staff and support services have increased in light of the needs of two campuses and new programs. The Ballyconnor property has been sold with an October 2014 closing to provide enough time for a smooth transition to the Bayview campus. Until then, Tyndale will bear the operating expenses of both campuses plus short-term financing costs from renovations to transform Bayview from a convent to a contemporary campus. Due to such incremental costs, Tyndale incurred its first operating loss in over 15 years in 2013.

256 students received
$403, 547 in scholarships and 558 students received
$808, 627 in bursaries.
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Tyndale will continue to operate as prudently and responsibly as possible, just as it has over the past 15 years. Based upon 2013–2014 student recruitment and other budgetary assumptions, Tyndale would be operating at a surplus if it were not for these incremental costs. Further operating losses are anticipated until the close of the Ballyconnor campus in October 2014. To minimize this, expenses are being carefully managed and the Toronto Catholic District School Board’s lease for the high school portion of the Bayview campus has been extended to 2015. Additional revenue streams are being developed.

These are exciting times! God is at work at Tyndale. Please join us in helping make it happen! 
 

 
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