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Former scholar’s £75m to Uni Trust
6:00pm Friday 20th September 2013 in News
A FORMER student at Oxford University has given £75m towards the institution’s Rhodes Trust.
The gift, the largest since the establishment of the Rhodes Scholarship in 1903, has been given by The McCall MacBain Foundation, a grant-making organization established by John and Marcy McCall MacBain.
The Rhodes Trust was set up under the terms and conditions of the will of the South African politician Cecil Rhodes and supports scholars from 14 countries to study at Oxford.
Mr McCall MacBain, a Canadian financier, a former Rhodes Scholar at Wadham College, said: “Receiving the Rhodes Scholarship and attending Oxford were among the highlights of my life.
“These scholarships have been helping develop future leaders for over a century. With the world facing ever-increasing challenges, the need to help develop leadership skills is more important than ever. I hope that this gift will help secure them for another 100 years.”
Famous former Rhodes Scholars include former US President Bill Clinton, current Australian Prime Minister Tony Abbott and former vice-chancellor of Oxford University, New Zealander John Hood, chairman of the Rhodes Trust.
He said: “The Rhodes Scholarships work to inspire future generations of young leaders, which does not only have a profound impact on those individual lives, but also on their communities and the wider world.”