Briefing

McCall MacBain family announces $200-million scholarship fund for studies at McGill

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The scholarships will cover tuition and living costs for 50 Canadian and 25 international students selected based on academic achievement, leadership qualities and good citizenship. McGill University called it “the largest philanthropic gift ever in Canada.” (Globe and Mail)

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Talking point: John McCall MacBain, who is Canada’s 84th richest person with a net worth of $1.39 billion, has spent much of the past decade making major philanthropic gifts. In 2013, he and his wife, Marcy McCall MacBain, gave $118 million for Oxford University’s Rhodes Scholarships. In Canada, he’s donated millions to the Loran Scholarships—which provide full-ride undergraduate scholarships for Canadians—and hundreds of thousands of dollars to the Pierre Elliott Trudeau Foundation. The couple may visit Canada often—John got an Order of Canada in 2016 for his philanthropic contributions—but they live in Switzerland, a country with much lower taxes for the wealthy.