Nearly $100-Million Donated to Canadian Scholarship Fund
October 14, 2011 | Read Time: 1 minute
The Canadian mining magnate Seymour Schulich is providing $98-million to start what he hopes will be the Canadian equivalent to the Rhodes Scholarship, the National Post reports.
The money will be used to provide $60,000 over four years to students enrolling in science, technology, engineering or mathematics programs.
The Schulich Leader Scholarships will be administered by Toronto’s United Jewish Appeal. The organization is not particularly known for its background in science and mathematics, the newspaper said, but Mr. Schulich picked it more for its staying power.
“UJA has been around for close to 100 years, and he believes we’ll be around for another 100 years,” said David Goodman, acting director of the Schulich Leader Scholarships.
