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BMO Financial Group contributes $500,000 to graduate students

(L-R): Mercy Oyet, PhD student, Faculty of Business Administration; Jim Fallon, BMO Bank of Montreal; and Dr. Gary Kachanoski.

By Laura Barron

BMO Financial Group announced the BMO Financial Group Graduate Scholarship in the Faculty of Business Administration at Memorial University Thursday, Dec. 1. This scholarship has been established by a contribution over seven years of $500,000 from BMO Financial Group.

One or more scholarships may be awarded annually and eligibility will be based on academic standing. Scholarships will be available to full-time students enrolled in a PhD program in Memorial's Faculty of Business Administration. These students must meet the minimum academic requirements for a scholarship as defined by the university.

The BMO Financial Group Graduate Scholarship will be awarded by Memorial's dean of the School of Graduate Studies upon recommendation by the dean of the Faculty of Business Administration.

"Investing in higher education is a cornerstone of the BMO charitable giving program, as learning makes our lives richer, our society more successful and our future brighter," said Jim Fallon, vice-president, Newfoundland and Labrador, BMO Bank of Montreal. "This $500,000 donation is BMO's largest ever gift in the province, and we are proud to help Memorial position itself as a destination of choice for graduate business students."

"I thank BMO Financial Group for this significant contribution which will allow Memorial to continue to attract talented PhD students," said Dr. Gary Kachanoski, president and vice-chancellor, Memorial University.

"Together with our generous private sector partners, such as BMO, we are committed to making serious investments in student scholarships and bursaries, therefore investing in student success and in our university."