Donald Sobey entered the records books for making the largest gift ever by an individual to King’s College today.
Sobey, has made a gift of $2 million to establish the Donald R Sobey Scholarships at the college.
The donation arrives as the college – Canada’s oldest chartered university prepares for its 225 year anniversary. Donald Sobey’s son, Rob Sobey, made the announcement at King’s to a packed lecture hall and a standing ovation today.
“Don Sobey's magnificent gift to King's honours our reason for being: our students,” says King’s president, Dr George Cooper. “We already attract some of the best liberal arts and journalism students in Canada, and the Donald R. Sobey Scholarships will ensure that we continue to do so. Everyone at King's – faculty, alumni and especially students – is thrilled with this strong vote of confidence from one of Canada's leading business people".
Starting in 2014, the scholarship fund will initially provide for three scholarships of a minimum of $10,000.
“I wanted to make a gift that would have a transformative impact on King’s fundraising capacity, particularly for this upcoming historic anniversary year,” Donald Sobey says.
The scholarships will be open to Canadian students, with an emphasis on those from Atlantic Canada, who will be entering a full-time undergraduate program at King’s. To qualify, candidates must demonstrate a record of academic excellence and provide evidence of proven leadership skills and involvement in school and/or community activities.
“King’s has championed the study of the liberal arts in Canada for over two centuries,” says Sobey. “I am delighted to be able to support and strengthen that mission. In every field of endeavour today – business, medicine, law, government, education – success depends on people who understand the achievements and failures of our past and have the intellectual flexibility to deal with the unknown challenges of our future. The study of the liberal arts produces such people.”