Seymour Schulich, OC ( , born January 6, 1940) is a Canadian businessman,

investor An investor is a person who allocates financial capital with the expectation of a future Return on capital, return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some specie ...

author An author is the writer of a book, article, play, mostly written work. A broader definition of the word "author" states: "''An author is "the person who originated or gave existence to anything" and whose authorship determines responsibility f ...

, and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

Biography

Schulich was raised in a

Jewish Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

family in

Montreal Montreal ( ; officially Montréal, ) is the List of the largest municipalities in Canada by population, second-most populous city in Canada and List of towns in Quebec, most populous city in the Provinces and territories of Canada, Canadian ...

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...

.Canadian Jewish News: "Jews should stop ‘whining’ about York U, benefactor says" by Sheri Shefa
May 11, 2016 He graduated from

McGill University McGill University (french: link=no, Université McGill) is an English-language public research university located in Montreal, Quebec, Canada. Founded in 1821 by royal charter granted by King George IV,Frost, Stanley Brice. ''McGill Universit ...

with a BSc in 1961 and an

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

from the

Desautels Faculty of Management The Desautels Faculty of Management is a faculty of McGill University in Montreal, Quebec, Canada. The faculty offers a range of undergraduate and graduate-level business programs, including the Bachelor of Commerce, Master of Business Adminis ...

in 1965. He earned the

Chartered Financial Analyst The Chartered Financial Analyst (CFA) program is a postgraduate professional certification offered internationally by the American-based CFA Institute (formerly the Association for Investment Management and Research, or AIMR) to investment and fina ...

designation from the

University of Virginia The University of Virginia (UVA) is a Public university#United States, public research university in Charlottesville, Virginia. Founded in 1819 by Thomas Jefferson, the university is ranked among the top academic institutions in the United S ...

in 1969. He is married to Tanna and they live in Willowdale, a neighbourhood of Toronto. They have two daughters and four grandchildren.

Career

His first job was at

Shell Oil Company Shell USA, Inc. (formerly Shell Oil Company, Inc.) is the United States-based wholly owned subsidiary of Shell plc, a UK-based transnational corporation " oil major" which is amongst the largest oil companies in the world. Approximately 18,000 ...

. From 1968 to 1990, he worked at Beutel, Goodman & Company Ltd., a pension fund management company which manages in excess of $10.6 billion CAD (as of 2003), becoming president and vice-chairman. In 1978, Schulich, along with partner

Pierre Lassonde Pierre Lassonde (born 1947) is a Canadian businessman and philanthropist. Early life Pierre Lassonde was born in Saint-Hyacinthe, Quebec, the third of four children. He studied at the Séminaire de Saint-Hyacinthe and graduated in 1967 wit ...

, 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 Limited Normandy Mining was an Australian mining company which predominantly mined gold. Normandy was, during much of the late 20th century, Australia's largest gold miner.

of Australia and

Newmont Mining Corporation Newmont Corporation is a gold mining company based in Greenwood Village, Colorado, United States. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Domin ...

, creating the largest gold mining company in the world,

. Schulich was Director of Newmont Mining and Chairman of its merchant banking division from 2002-2007. In 2007, Schulich published a book titled ''Get Smarter: Life and Business Lessons''.

Philanthropy

Schulich has donated funds to numerous Canadian universities including

York York is a cathedral city with Roman origins, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. It is the historic county town of Yorkshire. The city has many historic buildings and other structures, such as a ...

(

Schulich School of Business The Schulich School of Business is the business school of York University located in Toronto, Ontario, Canada. The institution provides undergraduate and graduate degree and diploma programs in business administration, finance, accounting, busine ...

Western Ontario Southwestern Ontario is a secondary region of Southern Ontario in the Canadian province of Ontario. It occupies most of the Ontario Peninsula bounded by Lake Huron, including Georgian Bay, to the north and northwest; the St. Clair River, Lake St. ...

(

Schulich School of Medicine & Dentistry The Schulich School of Medicine & Dentistry is the combined medical school and dental school of the University of Western Ontario, one of 17 medical schools in Canada and one of six in Ontario. History The medical school at the University of ...

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

(

Schulich School of Engineering The Schulich School of Engineering is the accredited engineering school of the University of Calgary located in Calgary, Alberta, Canada. It currently has 4,610 enrolled students (3,470 undergraduate and 1,140 Graduate school, graduate) and over ...

), Dalhousie (

Schulich School of Law , mottoeng = "Law is the source of light" , endowment = , staff = , faculty = 119 , dean = Camille Cameron , head_label = , head = , doctoral = , students = 500 , city ...

, Dalhousie Faculty of Computer Science),

McGill McGill is a surname of Scottish and Irish origin, from which the names of many places and organizations are derived. It may refer to: People * McGill (surname) (including a list of individuals with the surname) * McGill family (Monrovia), a promin ...

(

Schulich School of Music The Schulich School of Music (also known as Schulich) is one of the constituent faculties of McGill University in Montreal, Quebec, Canada. It is located at 555, rue Sherbrooke Ouest (555, Sherbrooke Street West). The faculty was named after benef ...

), Nipissing (Schulich School of Education), and Queen's (Schulich-Woolf Rare Book Collection). The first and largest donation that was made was to the

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 Sunnybrook Health Sciences Centre (SHSC), commonly known as Sunnybrook Hospital or simply Sunnybrook, is an academic health science centre An academic medical centre (AMC), variously also known as academic health science centre, academic healt ...

(Schulich Heart Centre) in Toronto, and outside Canada to the

University of Nevada, Reno The University of Nevada, Reno (Nevada, the University of Nevada, or UNR) is a public land-grant research university in Reno, Nevada. It is the state's flagship public university and primary land grant institution. It was founded on October 12, ...

(Schulich Lecture Hall) and Technion – Israel Institute of Technology. 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 , mottoeng = "Law is the source of light" , endowment = , staff = , faculty = 119 , dean = Camille Cameron , head_label = , head = , doctoral = , students = 500 , city ...

. 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. The program is called ''

Schulich Leader Scholarships The Schulich Leader Scholarships is a Canadian and Israeli undergraduate award program that provides scholarships for students enrolled in STEM areas of study. Established in 2011 following a $100 million gift from Canadian businessman and phila ...

'', the largest undergraduate STEM scholarship opportunity in each country.

Honours

* 2013, Doctor of Laws, ''honoris causa'',

Dalhousie University Dalhousie University (commonly known as Dal) is a large public research university in Nova Scotia Nova Scotia ( ; ; ) is one of the thirteen provinces and territories of Canada. It is one of the three Maritime provinces and one of the fou ...

* 2011, Officer of the Order of Canada "for his transformational philanthropy in support of our education and health care institutions". *2011, Inductee, Canadian Business Hall of Fame * 2010, Doctor of Laws, ''honoris causa'',

University of Calgary The University of Calgary (U of C or UCalgary) is a public research university located in Calgary, Alberta, Canada. The University of Calgary started in 1944 as the Calgary branch of the University of Alberta, founded in 1908, prior to being ins ...

* 2008, Doctor of Laws, ''honoris causa'',

University of Western Ontario The University of Western Ontario (UWO), also known as Western University or Western, is a Public university, public research university in London, Ontario, London, Ontario, Canada. The main campus is located on of land, surrounded by resident ...

* 2006, Inductee, Canadian Mining Hall of Fame * 2004, Honorary Doctorate,

* 2003, Doctor of Laws, ''honoris causa'',

York University York University (french: Université York), also known as YorkU or simply YU, is a public university, public research university in Toronto, Ontario, Canada. It is Canada's fourth-largest university, and it has approximately 55,700 students, 7,0 ...

* 1999, Member of the

Order of Canada The Order of Canada (french: Ordre du Canada; abbreviated as OC) is a Canadian state order and the second-highest honour for merit in the system of orders, decorations, and medals of Canada, after the Order of Merit. To coincide with the ...

* 1998, "Developer of the Year" by the Prospectors and Developers Association of Canada * 1997, with Pierre Lassonde, named "Mining Man of the Year" by

The Northern Miner ''The Northern Miner'' is a weekly trade journal (formerly part of the Hollinger group) that reports on the mining industry. ''The Northern Miner'' began publication in Cobalt, Ontario, Canada, in 1915, and has since moved publication to Toront ...

Partial bibliography

* Schulich, Seymour. ''Get Smarter Life and Business Lessons''. Toronto: Key Porter Books, 2007. * Schulich, Seymour. ''Weather Gas Distribution Companies and Stock Markets ( a Theory for Short Term Traders.)'' --. S.l: s.n.], 1965.

References

Sources

McGill University news

The Schulich donation and the naming of the Schulich School of Medicine – Issues