Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
LONDON (AP) - The organizers of the Rhodes Scholarships say a Canadian philanthropist is giving 75 million pounds ($120 million) to the prestigious program, the largest single donation since it was founded more than a century ago.
The Rhodes Trust said Thursday that the McCall MacBain Foundation's grant will help fund the current 83 Rhodes Scholarships to the University of Oxford each year, and expand the program.
The Rhodes Scholarship, established in 1903, is the world's oldest international graduate scholarship program. Among the 8,000 beneficiaries are former U.S. President Bill Clinton and six Commonwealth prime ministers.
John MacBain, a former Rhodes Scholar who founded the Geneva-based McCall MacBain Foundation with his wife Marcy, says he hopes the scholarship program will expand beyond the mainly English-speaking countries it serves now.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
