Joseph L. Rotman
Joseph L. Rotman, O.C., LLD, was born on January 6, 1935, in Toronto, Canada. He received his BA from the University of Western Ontario in 1957 and his M.Comm. from the University of Toronto in 1960, after which he studied at the Columbia University Graduate School of Business in the PhD program. He was appointed an Officer of the Order of Canada on January 4, 1995, and inducted into the Canadian Business Hall of Fame as a Companion in May 2009. He was also awarded three honorary LLD degrees in his lifetime; from the University of Toronto in 1994, from the University of Western Ontario in 2009, and from Memorial University in 2013.
Mr. Rotman was Chairman of Roy-L Capital Corporation, a private family investment company. He launched his business career in 1962 and was involved in establishing a number of private and public companies active in oil trading, petroleum distribution, oil and gas exploration, merchant banking, real estate and venture capital. He served on numerous corporate boards including the Bank of Montreal, Barrick Gold Corporation, Canada Northwest Energy Ltd., Masonite International and TrizecHahn Corp. He founded Tarragon Oil and Gas, Geocrude Energy, PanCana Resources, PanCana Minerals and Embassy Resources, as well as a number of other companies, and served as their Chair. He also founded Clairvest Group Inc., a merchant bank, and served as a Member of the Board.
Mr. Rotman passed away on January 27, 2015. He is deeply missed by his family, friends, and colleagues at the school that bears his name.
The Rotmans and the University of Toronto
In 1993, Sandra and Joseph Rotman made a gift of $3 million through the Rotman Family Foundation towards the construction of a new state-of-the-art facility for the University of Toronto’s Faculty of Management. An additional gift of $15 million followed in 1997 and the School was aptly re-named in Joseph Rotman’s honour.
Under the leadership of former Dean, Roger Martin, the Rotman School of Management became the number one business school in Canada, as ranked by the prestigious Financial Times rankings. Pleased with the School’s progress, in December of 2007 the Rotmans made a further gift of $18 million to the School: $10 million towards the newly-established research centre, The Martin Prosperity Institute (established earlier that year by a $50-million grant to the Rotman School by the Province of Ontario); and the remaining $8 million to support various projects including the University’s undergraduate Commerce program, now known as Rotman Commerce; the School’s award-winning magazine; the construction of an expansion of the School adjacent to its current location; and ongoing academic research activities at the School.
On April 6, 2016, it was announced that the Rotman family made a transformational gift to the Rotman School of Management. This gift from Joseph and Sandra Rotman makes them the most generous benefactors in the University’s history, following numerous significant gifts over the past 20 years. This new $30 million gift will be matched by the University of Toronto in order to establish a $45 million Rotman Catalyst Fund as well as provide additional support to the School’s highest priorities such as scholarships, faculty positions and infrastructure investments. The Rotman Catalyst Fund will act as a “venture fund” for the Rotman School, used to fund bold and innovative initiatives to continue to transform management education and to increase the impact of the School’s students and new thinking. The Rotman Catalyst Fund was conceived by Joseph Rotman in collaboration with the leaders of the School shortly before he died.
Other Philanthropic Work
Joseph Rotman was committed to his community and his country and lent his extraordinary vision and leadership skills to a diverse selection of fields such as the arts, education, health care and medical sciences, and business. To the many causes that he and Sandra cared deeply about, his generosity was extended not only through financial support but he also gave his time. He was active locally, nationally and internationally. In addition to his support for the Rotman School, he cared deeply about charitable organizations such as:
- Canada Council for the Arts
- Art Gallery of Ontario
- Governor General’s Performing Arts Awards
- Governing Council of the Canadian Institutes of Health Research
- MaRS Discovery District
- Canada Gairdner International Awards
- The Brain Initiative
- Baycrest Centre for Geriatric Care: Rotman Research Institute
- University Health Network: McLaughlin-Rotman Centre
- Sandra Rotman Chair in Health Sector Strategy, at the Rotman School of Management
- University of Western Ontario