‘Trying to put fog in a bottle’: frustrated donor withdraws million dollar pledge to LHSC
CTV
A former London Health Sciences Centre board member and legacy donor is expressing his dismay with the current state of financial affairs at the institution, and he’s putting his money where is mouth is.
A former London Health Sciences Centre board member and legacy donor is expressing his dismay with the current state of financial affairs at the institution, and he’s putting his money where is mouth is.
Ronald Breen said he has made the decision to withdraw his million dollar legacy pledge to the London Health Sciences Foundation, stating that trust and confidence in LHSC leadership is broken.
“How can anyone, with all due respect, consider participating as a donor,” questioned Breen in an interview with CTV News on Monday.
A chartered accountant and former finance committee chair for the LHSC Board of Directors, Breen said he’s pulling his million dollar pledge because of concerns over the ballooning deficit at LHSC.
In a letter to the current board and administration Breen said:
“…I made a legacy pledge of $1,000,000 to financially support LHSC via the Foundation in October 2011. However, my lack of confidence in Board leadership, and management decision making practices, will now move me to take steps to withdraw and terminate my pledge.”
Breen suggested to CTV News that he’s not the only one pulling support.
