More than 110 students from Africa will receive comprehensive scholarships to live and learn at the University of British Columbia thanks to a $25 million grant from The MasterCard Foundation announced.
UBC is among the first Canadian universities to join The MasterCard Foundation Scholars Program and one of only 15 institutions in the world participating in the $500 million global education initiative. The Program offers secondary and university education to academically talented students who come from economically disadvantaged communities in Africa so they can lead change in their communities when they return home.
The MasterCard Foundation grant is the largest contribution to student support of UBC’s start an evolution* campaign, the most ambitious fundraising and alumni engagement campaign in Canadian university history.
“This transformative grant will help support a new generation of African leaders and will enhance UBC and Canada’s connections with Africa for the future,” says UBC President Stephen Toope. “The UBC community will be enriched by these students’ talent, experience and insights.”
UBC will support The MasterCard Foundation Scholars throughout their education, helping ease the transition to a post-secondary institution in Canada and ensuring they have access to mentorship and academic and social supports.
“The MasterCard Foundation Scholars Program will develop next-generation leaders who will have a transformational impact in developing countries,” says Reeta Roy, President and CEO of The MasterCard Foundation. “McGill University, University of British Columbia, and University of Toronto bring tremendous expertise to our vision. The diversity and excellence of their institutions will offer Scholars an extraordinary opportunity for learning and exchange of knowledge.”
The first cohort of Scholars will arrive at UBC this fall. Over the next 10 years, UBC expects to welcome 77 undergraduate and 35 master’s degree students through the Program.