In 1965,
William Bayne Fisher, a professor in
Durham University's geography department, founded the Graduate Society and in its inaugural year, the total membership was 94 students: 86 men and 8 women. As more than 50% of its members lived in private accommodation, it retained its status as a society for over 35 years. In this time, the society acquired more accommodation: the Parsons field site off Old Elvet consisted of Fisher House, the Parsons Field House, Fonteyn Court and the Parsons Field Court; Palatine House; Kepier House and Kepier Court, both at the top of Claypath; 29, 34 and 38 on Old Elvet and Shincliffe Hall in
Shincliffe Village. The society's accommodation has since then been gradually consolidated with the building of new accommodation at Howlands Farm in 1998, and on Dryburn Road in 2005. Since 1965, membership has increased to over 1500 and in 2003, the society was turned into a college and named in honour of the
Chancellor of the University (1992–2004), Sir
Peter Ustinov. The college's offices were moved from Old Elvet to the Howlands Farm site in September 2005. The college motto (
Diversitate Valemus) was coined later that year by Zu'bi Al-Zu'bi, President of the GCR. The Parson's Field site at the end of Old Elvet, which had been the heart of the community during its years as the Graduate Society, was handed over to
St Cuthbert's Society in 2005 and Palatine house was transferred to
Hatfield College in 2006. In 2017, Ustinov College moved from Howlands Farm to Sheraton Park, originally built for
Neville's Cross College in 1921 and vacated in 2004. ==Membership==