Canadian mining magnate Seymour Schulich has established a $100 million endowment to encourage students in Canada and Israel to study science, technology, engineering and math.
“What I am trying to do in Canada is equivalent to the Rhodes scholarship,” Schulich, 71, told the Toronto Star.
Once fully implemented in 2014, the program will provide 75 students annually — 60 from Canada and 15 from Israel — with Schulich Leader Scholarships worth $60,000 each over four years.
Twenty Canadian and five Israeli universities are invited to gather nominations from some 1,600 high schools. Schulich, one of Canada’s best-known Jewish business leaders, has chosen the United Jewish Appeal Federation of Toronto to administer the endowment. — jta