Mac med school gets $105m x-mas gift
From The Toronto Star :
It is the largest single cash gift in Canadian history, turning the school into one of the wealthiest in North America and marking the first time a medical school in this country has been named after a benefactor.
Holy hell, that's a massive donation. This DeGroote fellow bought Laidlaw Transport (i.e. transport and garbage truck concern) for some $300,000 in the late 50s and sold it to CP for millions in the late 80s. He also owned the CFL's Hamilton Tiger Cats for a period, according to the article.
Donations like this are great -- think what most schools could do with a tenth or just a hundredth as much! -- but I've always been curious about benefactors' desire to have buildings, faculties, schools and so on re-named in their honour. I could see a new building being named for a donor (witness Laurier's shiny new Schlegel Centre for Entrepreneurship), but having your name replace a previous honoree or tacking it onto the name of a school... To me, the 'Michael G. DeGroote School of Medicine' or something along that line would seem a little over-the-top, but evidently millionaires think differently than I -- no surprise -- or perhaps the University insisted.
In any case, it's also interesting to note that $15m of DeGroote's gift has been set aside specifically to research a painful condition he has experienced since a stroke 2 1/2 years ago [edit: The Star was too simplistic; apparently the $15m is for a research centre on pain generally, with some degree of focus on thalamic pain]. Further coverage from McMaster's site, The Globe and Mail, and Canadian Press for more details.





