CIBC antes up for LU scholarships

Student scholarships at Laurentian University will be created through a $250,000 donation from CIBC.

The funds will be be spread over a five-year term, with $50,000 per year earmarked to further enhance the university's ability to attract and retain top-quality students from across the country and around the globe, according to a press release. Scholarships will be made available to students in the university's Faculty of Management.

CIBC presented the cheque to LU president Dominic Giroux on Feb. 14 at the J.N. Desmarais Library.

“At CIBC, we're committed to helping Canada's kids and young adults build a better future, Mary Bellefeuille, market vice-president of CIBC retail markets, said, in the press release. “We're proud to support Laurentian University and its Faculty of Management with this investment in the next generation of business leaders.

Laurentian's Faculty of Management is comprised of the School of Commerce and the School of Sports Administration. It is working toward attaining Association to Advance Collegiate School of Business (AACSB) accreditation, known worldwide as the longest standing, most recognized form of specialized/professional accreditation and institution and its business programs can earn.

“This is a wonderful day for the Faculty of Management and its students,” Giroux said, in the press release. “Securing an investment of this magnitude from CIBC, an organization that has continuously shown such tremendous leadership in education, is a clear indication of Laurentian's growing reputation for excellence across a wide range of disciplines, and a further sign that the university is on the move.”

Posted by Arron Pickard