Antigonish, Nova Scotia, Canada

A $5.3 million gift from Gerald Schwartz creates over 44 new business scholarships and 20 new bursaries at StFX

October 25th, 2018
Gerald Schwartz

St. Francis Xavier University’s leadership came from away—all the way from Antigonish—to Toronto this week and joined many of the university’s loyal alumni to celebrate the philanthropy of Gerry Schwartz, and his $5.3 million donation to StFX’s Gerald Schwartz School of Business—a gift which includes $4 million to create 44 new entrance scholarships and 20 new bursaries at the business school. 

The funding, to start in the 2019-20 academic year, will make an undergraduate business education at StFX even more accessible, and will help the Schwartz School—named in recognition of Mr. Schwartz’s already significant contributions to the university—attract the best and brightest young minds from across Canada and beyond. 

The Royal Alexandra Theatre in downtown Toronto provided the backdrop for the event and the stage where the award-winning Canadian musical, Come From Away, is playing. 

“First of all, I love StFX,” Mr. Schwartz, President and CEO or ONEX Corporation, told the crowd of about 100 StFX alumni, supporters and friends. 

“I have never had a bad day there … and I’ve only had one rainy day,” he said. “I’m very pleased to be part of the school of business.”

L-r, StFX President Dr. Kent MacDonald, Heather Reisman and Gerry Schwartz

The $5.3 million gift, from The Gerald Schwartz & Heather Reisman Foundation, will allocate $4 million toward scholarships and bursaries for students enrolled in the business school, including the introduction of the Schwartz National Scholar award for four students, who will each receive $80,000 over four years to attend StFX. 

The new funding will also provide many other benefits, including bursaries for students in financial need, those looking for an international exchange experience and support for summer research internships. Academic scholarships will also be designated specifically for women, international students, and students transferring from college diploma programs. 

In addition, about $1.3 million of the gift is dedicated to supporting StFX’s marketing and recruitment work across Canada to encourage young people from all over the country to attend StFX. There are also opportunities for new scholarships in the business program that can be matched by some of the foundation’s gift.

“The great thing I like about StFX is when you make a contribution to the university it doesn’t disappear into some big fund … instead something happens,” said Mr. Schwartz. “People take action … and use the contribution and something moves forward, I love it.”

StFX President Dr. Kent MacDonald characterized the gift as a “game changer.” 

“It’s going to transform the school,” he said. “Overall, over the period of four years, we will be able to touch hundreds upon hundreds of students who will be able to come to the school and study in the Schwartz School. So that really is a game changer.”

“This is tremendous news for StFX, and great news for StFX business students. These scholarships and bursaries will have an incredible impact on the lives of many young people,” says Schwartz School Dean of Business Dr. Tim Hynes. “A huge ‘thank you’ to Mr. Schwartz for the generosity and foresight to establish this wonderful legacy in support of talented young leaders.” 

In addition to recognizing superior scholastic achievement, the new Schwartz School scholarships are intended to support well-rounded students who demonstrate StFX’s commitment to leadership and service to one’s community, Dr. Hynes says. 

Known for its small class sizes, talented faculty, and an immersive, hands-on approach to learning, the Schwarz School of Business is recognized as one of the best undergraduate business schools in the country.

Erica Harper, who was at the event, and who graduated from the Schwartz School of Business with a marketing degree in 2018, said StFX changed her life. It gave her confidence and she was able to find a job almost immediately upon graduating.

“It’s such a special place,” she said.

Lisa Downey agrees with that sentiment. She graduated with a business degree from the Schwartz School in 2017.

“I am so excited about it,” she said referring to the donation. “It’s such a great opportunity. The Schwartz School of Business was such a great four years of my life and the best time I have had. This donation is going to let other students have the opportunity to go the school as well.”

Ms. Downey was able to get a job in her field after graduating – and in a matter of hours discovered her boss’ daughter attends StFX. 

“I made that connection on my first day,” she said. “So it was great.”

For Trish Murphy, a StFX graduate who brought her Toronto family to the event, Nova Scotia is in her heart and StFX is part of her extended family. Her father, stepmother and brother attended the university. Ms. Murphy graduated with an education degree from StFX in 1989 and has been teaching in Toronto ever since. “What I see Mr. Schwartz doing is celebrating community,” she said. “I am so impressed by people who celebrate ties to communities, like StFX.”

Among the new awards offered are:

Schwartz National Scholars. StFX will offer annually four Schwartz National Scholars awards of $20,000 per year, renewable, for a total of $80,000 over four years. These awards are open to all first-year full-time BBA students who have a minimum 90 per cent average and demonstrated StFX qualities of leadership and service to community. The awards are open to all nationalities.

Order of Merit Entrance Awards. StFX will offer six Order of Merit Entrance Awards, of $7,500 per year, renewable for a total of $30,000 over four years. These awards will be open to first-year full-time BBA students enrolling from high school who are Canadian residents and have a minimum 90 per cent average and demonstrated StFX qualities of leadership and service to society. 

Heather Reisman Women in Business Scholars. StFX will offer two Heather Reisman Women in Business Scholars awards, each renewal at $7,500 per year for a total of $30,000 over four years. These awards are open to first-year full-time female BBA students enrolling from high school. The awards are open to Canadian residents, with a minimum 90 per cent average and demonstrated StFX qualities of leadership and service to community.  

Scholars of Distinction. StFX will offer 14 Schwartz Business Scholars of Distinction awards of $4,000 per year, renewable for a total of $16,000 over four years. The awards are open to first-year, full-time BBA students enrolling from high school with a minimum average of 85 per cent and demonstrated StFX qualities of leadership and service to community. The awards are open to Canadian residents. 

International Scholars. StFX will offer 14 Schwartz School of Business International Scholars awards, each valued at $8,000 annually and renewable for a total of $32,000 over four years. These awards are open to all first-year, full-time BBA students enrolling from high school with a minimum average of 85 per cent and demonstrated StFX qualities of leadership and service to community. The awards are open to all non-Canadian residents. 

Transfer Entrance Scholarships. StFX will offer four Transfer Entrance Scholarships of $3,000, each renewable for a total of $9,000 over three years. These awards will be  open to students transferring full-time into the BBA program from the Nova Scotia Community College system or equivalent college in Canada with a minimum of 80 per cent average and no fewer than 24 credits in the past year of study. The scholarship is open to all Canadian residents. 

• The scholarship and bursary program will also offer annually eight International Exchange Travel Bursaries of $2,000 each; three Summer Research Internships of $7,000 each; one McKenna Fellowship valued at $33,000;  and 10 Financial Need Bursaries of $2,000 each.

For more information or to apply for a scholarship, please see https://www.stfx.ca/admissions/financing-your-education/scholarships/bba-scholarships 

 

 

 

Start Your Journey