UBC Reports | Vol. 47 | No. 05 | Mar.
New scholarships to draw top students
Bank donates seed money to provide opportunities for young scholars
Four new undergraduate scholarships each valued at $40,000 over four
years will be awarded this fall as a result of the largest gift to date by a
bank to the university.
A $1.35-million gift from the Bank of Montreal will result in the
Bank of Montreal National Scholarships aimed at attracting
students from across Canada to UBC.
The gift will be matched by the university to create a $2.7-million
"UBC and Bank of Montreal share the belief that our nation's future
social vitality and economic prosperity will depend on the opportunities that
we provide young people today," says UBC President Martha Piper.
"We are extremely pleased to expand the university's financial aid program to
provide additional access for outstanding students to undergraduate education
through this partnership."
The UBC Bank of Montreal scholarships will rank among the premier
university awards in Canada.
They will enhance UBC's position as one of the top universities in the
country for scholarships and bursary dollars available to students.
"Our support for learning is not just a matter of philanthropy or good
corporate citizenship," says Tony Comper, chair and chief executive
officer, Bank of Montreal. "It also makes good business sense."
The new scholarships will be awarded to students entering UBC from high
school or transferring from other institutions who demonstrate academic
excellence in combination with significant contributions to the community
through volunteerism, athletics, or artistic excellence.
In four years, the annual scholarships will result in a total of
Bank of Montreal National scholars on campus each year.
"These scholarships emphasize the bank's commitment not only to
also to reflecting the diversity of the country and the people of this great
city. In this way, they will also reflect Bank of Montreal's own commitment
to workforce diversity," says Rob Pearce, president, Personal and Commercial
Banking Distribution for the Bank of Montreal.