Corporate Citizenship

AIC Global Holdings Inc.

AIC Global Holdings Inc., a subsidiary of Portland Holdings is located in Burlington, Ontario.

In June 2001 Michael Lee-Chin announced a $5 million gift to the DeGroote School of Business, McMaster University in Hamilton, Ontario for the establishment of the AIC Institute of Strategic Business Studies (now known as the “Michael Lee-Chin & Family Institute of Strategic Business Studies”). The gift was used to create the AIC wing; helped support the creation of a Chair in Investment and Portfolio Management, an MBA program with specific focus on strategic business studies and a certificate program on business valuation in continuing education for industry professionals. Two professorships were also created as well as a $500,000 endowment that provides scholarships to help recruit top talent into the program. For more information about the Michael-Lee-Chin & Family Institute of Strategic Business studies, visit the McMaster website.

Also in 2001, AIC contributed $1 million to the Joseph Brant Memorial Hospital in Burlington, Ontario. The funds were used to build a new Cancer clinic and renovate the Emergency facilities in order to improve and increase health services to the community. AIC also contributed $350,000 to the Burlington Art Centre for renovations to the facilities to enable greater community access to the complex.

The Michael Lee-Chin Family Institute for Corporate Citizenship (the “Lee-Chin Institute”) at the Rotman School of Business, University of Toronto, in Toronto, was created in late 2004 with a donation from AIC in the amount of $10 million. The Lee-Chin Institute’s purpose is to help current and future business leaders integrate corporate citizenship into business strategy and practices. The Lee-Chin Institute is the focal point of corporate citizenship initiative at Rotman, actively developing and disseminating useful research, tools and curricula. For more information about the Michael Lee-Chin Family Institute for Corporate Citizenship, visit the Rotman School of Management website.

AIC also contributed $1 million to MaRS (Medical and Related Sciences) Discovery District, a non-profit organization dedicated to driving economic and societal prosperity by harnessing the full potential of Canadian innovation. Located in a 1.5 million square foot complex in the heart of Canada’s largest research cluster in downtown Toronto, MaRS works with an extensive network of private and public sector partners to help entrepreneurs launch and grow the innovate companies that are building our future. For more information about MaRS, visit their website.

Over the years the employees of AIC and its affiliates at head office contribute to many area charities including: The Cure Foundation, The Canadian Red Cross; Kidsfest; Halton Women’s Shelter; Ronald McDonald House; The Canadian Cancer Society; the Hospital for Sick Children; The Scleroderma Society of Ontario; and Partnership West Food Bank.