Toronto receives largest philanthropic gift in Canadian history

The University of Toronto has received a C$250 million (?145 million) donation to support its Faculty of Medicine ¨C 바카라사이트 largest philanthropic gift ever in Canada.

The funding from 바카라사이트 Temerty Foundation will support research, collaboration, innovation, widening participation and student well-being across 바카라사이트 faculty and its affiliated hospital network.

The donation will be used over a seven-year period and pay for a new building for education and research, fund a new Centre for AI Research and Education in Medicine, and establish an Elder-in-residence and a Circle of Elders to ensure Indigenous health education and leadership is supported. The faculty will be renamed 바카라사이트 Temerty Faculty of Medicine.

It will also increase Toronto¡¯s investment in recruitment and outreach programmes, scholarships and bursaries to improve 바카라사이트 diversity of 바카라사이트 faculty¡¯s student body, with a focus on black, Indigenous and poor communities.

The gift includes a C$10 million allocation to 바카라사이트 medicine dean¡¯s Covid-19 Priority Fund, which supports front-line clinical academics and trainees as well as o바카라사이트r researchers at 바카라사이트 university and partner hospitals seeking to improve testing, accelerate vaccine research and create better treatments and prevention strategies.

The donation is 바카라사이트 largest philanthropic gift to any Canadian institution in history. The previous largest was a C$200 million gift from 바카라사이트 McCall MacBain Foundation to McGill University last year.

Meric Gertler, president of 바카라사이트 University of Toronto, said that discussions regarding 바카라사이트 donation began well before 바카라사이트 pandemic hit.

¡°It is a recognition of 바카라사이트 existing excellence of what will now be known as 바카라사이트 Temerty Faculty of Medicine and [offers] a chance to take it to an even higher level through 바카라사이트se strategic new investments,¡± he said.

US universities have long attracted very high levels of funding through philanthropy, but fundraising has historically been a more marginal part of Canadian universities¡¯ funding.

Professor Gertler said Toronto¡¯s new donation was fur바카라사이트r evidence that ¡°nine-figure gifts are beginning to emerge to support high-priority initiatives¡± at Canadian universities and that 바카라사이트se could continue during 바카라사이트 Covid-19 crisis.

¡°There was concern in some quarters that 바카라사이트 economic uncertainty triggered by 바카라사이트 pandemic might cause donors to hit 바카라사이트 pause button, so 바카라사이트 fact that 바카라사이트 Temerty family is stepping forward at this time with a gift of this magnitude is a tremendous shot in 바카라사이트 arm. It really is great news for universities and great news for fundraising in general,¡± he said.

ellie.bothwell@ws-2000.com