Seymour Schulich Explained

Seymour Schulich
Birth Date:6 January 1940
Birth Place:Montreal, Quebec, Canada
Spouse:Tanna Schulich
Children:2
Alma Mater:McGill University (BSc, MBA)

Seymour Schulich (;[1] born January 6, 1940) is a Canadian businessman, investor, author, and philanthropist.

Biography

Schulich was raised in a Jewish family in Montreal, Quebec.[2] He graduated from McGill University with a BSc in 1961 and an MBA from the Desautels Faculty of Management in 1965. He earned the Chartered Financial Analyst designation from the University of Virginia in 1969.

Schulich is married to Tanna and they live in Willowdale, a neighbourhood of Toronto. They have two daughters and four grandchildren.[3]

Career

Schulich's first job was at Shell. From 1968 to 1990, he worked at Beutel, Goodman & Company, an asset management company which manages in excess of $43 billion CAD (as of 2023), becoming president and vice-chairman.

In 1978, Schulich, along with partner Pierre Lassonde, helped pioneer the concept of royalty payments in the mining industry: their Franco-Nevada and Euro-Nevada companies discovered some precious minerals, but their royalty arrangements allowed them to gain ownership stakes in some of the world's most profitable mines. A $1,000 investment in Franco-Nevada's stock in 1983 was worth $1.2 million in 2002, equivalent to a 40% average annual rate of return. In 2002, Franco-Nevada merged with Normandy Mining of Australia and Newmont, creating the largest gold mining company in the world, Newmont. Schulich was Director of Newmont Mining and Chairman of its merchant banking division from 2002-2007.[4]

In 2007, Schulich published a book titled Get Smarter: Life and Business Lessons.

Philanthropy

Schulich has donated funds to numerous Canadian universities including York[5] (Schulich School of Business), Western Ontario (Schulich School of Medicine & Dentistry),[6] Calgary (Schulich School of Engineering),[7] Dalhousie (Schulich School of Law, Dalhousie Faculty of Computer Science),[8] McGill (Schulich School of Music),[9] Nipissing (Schulich School of Education),[10] and Queen's (Schulich-Woolf Rare Book Collection).[11] The first and largest donation that was made was to the Schulich School of Business at York University. All degrees issued by the Schulich School of Business now bear the signature of Seymour Schulich. His philanthropy also extends beyond universities, to the Sunnybrook Health Sciences Centre (Schulich Heart Centre)[12] in Toronto, and outside Canada to the University of Nevada, Reno (Schulich Lecture Hall) and Technion – Israel Institute of Technology.[13]

On October 15, 2009, Schulich officially presented a donation in the amount of $20 million to Dalhousie University's Law School; in doing so, the Law School has now been renamed the Schulich School of Law.[14]

On October 14, 2011, Schulich announced a $100 million scholarship program targeting students entering the science, technology, engineering and math fields (STEM) in Canada and Israel. This gift is being co-administered by UJA Federation of Greater Toronto and the Schulich Foundation.[15] The program is called Schulich Leader Scholarships, the largest undergraduate STEM scholarship opportunity in each country.[16]

Honours

Partial bibliography

See also

References

Sources

Further reading

Notes and References

  1. Web site: Happy 50th Anniversary from Seymour Schulich. https://ghostarchive.org/varchive/youtube/20211221/5Gt452Zv_0Y . 2021-12-21 . live. . May 24, 2016 . 19 June 2020.
  2. http://www.cjnews.com/news/canada/jews-stop-whining-york-u-benefactor-says Canadian Jewish News: "Jews should stop 'whining' about York U, benefactor says" by Sheri Shefa
  3. Web site: The life of Seymour Schulich: Biographical notes . canadian-universities.net . September 30, 2005 . October 27, 2007.
  4. Newmont Mining Corp.
  5. Web site: York University benefactor Seymour Schulich to be inducted into Canadian Business Hall of Fame - York Media Relations. May 3, 2011.
  6. News: Seymour Schulich is a mining tycoon who spreads the wealth. The Globe and Mail.
  7. Web site: Schulich visits.
  8. Web site: Introducing the Schulich School of Law. Marilyn Smulders. October 15, 2009. Dalhousie News.
  9. Web site: Western News - Search. Department of Communications and Public Affairs, Western University. Western News. July 23, 2018 .
  10. Web site: Congratulations to Mr. Seymour Schulich | Nipissing University . 2014-09-12 . dead . https://web.archive.org/web/20140913011358/http://www.nipissingu.ca/departments/external-relations/nunews/2012-archive/Jan-12-2012/Pages/Congratulations-to-Mr.-Seymour-Schulich.aspx . September 13, 2014 . mdy-all .
  11. Web site: Gift Enhances Library's Schulich-Woolf Rare Book Collection . www.queensu.ca . February 21, 2020 . Queen's University . 5 March 2020.
  12. Web site: Seymour Schulich give Sunnybrook $10 m gift.
  13. Web site: Seymour Schulich donates landmark gift of US $20 million to the Technion – Israel Institute of Technology.
  14. Web site: Smulders. Marilyn. Introducing the Schulich School of Law. March 19, 2013.
  15. News: Toronto philanthropist Schulich unveils $100-million scholarship – The Globe and Mail . Toronto . The Globe and Mail . James . Bradshaw . October 14, 2011.
  16. Web site: Schulich Leader Scholarships - Creating the next generation of technology innovators.
  17. Web site: Seymour Schulich Honorary Degree Recipient. dal.ca . June 1, 2013.
  18. Web site: Appointments to the Order of Canada. September 20, 2017 .
  19. Web site: Junior Achievement of Canada | JUNIOR ACHIEVEMENT OF CANADA WELCOMES FOUR NEW COMPANIONS INTO THE CANADIAN BUSINESS HALL OF FAME . 2014-09-12 . dead . https://web.archive.org/web/20140912225304/http://www.newswire.ca/en/story/817449/junior-achievement-of-canada-welcomes-four-new-companions-into-the-canadian-business-hall-of-fame . September 12, 2014 . mdy-all .
  20. Web site: Seymour Schulich Honorary Degree Recipient . ucalgary.ca . June 9, 2010 . dead . https://web.archive.org/web/20101128064753/http://www.ucalgary.ca/convonews/awards/seymour-schulich . November 28, 2010 . mdy-all .
  21. Web site: Convocation for Schulich MDs pays tribute to benefactor. uwo.ca . June 12, 2008.
  22. Web site: The Canadian Mining Hall of Fame.
  23. Web site: The Benefactor – Seymour Schulich: New standard for giving . mcgill.ca . October 27, 2007 . https://web.archive.org/web/20080122005113/http://www.mcgill.ca/music/schulich/benefactor/ . January 22, 2008.
  24. Web site: Biography Seymour Schulich, CM, BSc, MBA, CFA, HonLLD (York) . yorku.ca . 2002 . October 27, 2007.
  25. Web site: The Governor General of Canada > Find a Recipient. June 11, 2018.
  26. Web site: Hall of Fame Inductee . halloffame.mining.ca . October 27, 2007 . https://web.archive.org/web/20080212144626/http://www.halloffame.mining.ca/halloffame/english/bios/schulich.html . February 12, 2008.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Seymour Schulich".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.