Americas

McGill University receives $200M donation, single-largest gift in Canadian history

The McCall MacBain Foundation has donated $200 million to McGill University, considered the single-largest gift in Canadian history.

The money will go to the creation of the McCall MacBain Scholarships, giving students from Canada and abroad the opportunity to pursue a Master’s or professional degree, such as law and medicine.

Global News

Related

McGill creates new hub for mental-health and wellness services

Aldo Group founder donates $25M to new McGill University business school

McGill research offers hope for curing rare genetic disease affecting Quebec children

“As graduates of Canada’s publicly-funded university system, Marcy and I know first-hand how universities like McGill can reduce social barriers and foster talent at the highest of levels,” said donor John McCall MacBain.

“I received my undergraduate degree as a scholarship student from McGill and it truly changed my trajectory.”

The scholarships will provide full funding to cover tuition and fees, as well as a living stipend.

“Scholars will benefit from mentorship and immersive learning experiences including retreats, workshops and internships,” the university stated.

“It will be the most generous and comprehensive graduate scholarship to exist at this level in Canada.”

Students who are developing expertise in their respective fields and have a track record of collaborating with others to understand and address important problems and challenges will be eligible.

“We are incredibly grateful to John and Marcy McCall MacBain for their visionary support of McGill’s students,” said Suzanne FortierMcGill’s principal and vice-chancellor.

“The McCall MacBain Scholarships embody our vision for McGill … a place where students become future-ready and prepared to contribute to shaping our rapidly changing world.”

The goal is to expand to include international students by the third year; within five years, the hope is that at least 75 students will be supported by the McCall MacBain scholarships.

“As we develop these scholarships and support our scholars, we are looking forward to welcoming promising leaders with entrepreneurial spirit who foster opportunities not only for themselves, but for those living in the world around them,” Marcy McCall MacBain said.

The university explains scholars will be selected on a combination of civic engagement, intellectual curiosity, entrepreneurial spirit, academic excellence and exceptional character.

Applications will open in fall 2020 to students from across Canada who plan to begin their studies in fall 2021.

[email protected]
Follow @rachel_lau

Sign up for our weekly Money123 newsletter

© 2019 Global News, a division of Corus Entertainment Inc.

Source: Read Full Article