MasterCard Foundation Selects Canadian Universities to Participate in $500 Million Education Initiative

The MasterCard Foundation has announced the next cohort of universities to participate in its $500 million global education initiative.

McGill University, the University of British Columbia, and the University of Toronto will each receive $25 million to educate and develop two hundred and seventy young scholars from Africa as part of the foundation's Scholars Program, which is focused on preparing the next generation of African leaders. Each scholar will participate in an orientation process to ensure a smooth transition to university life in Canada; receive an all-inclusive scholarship package that covers school and living expenses, transportation fees, and a stipend; mentoring and counseling, including academic and social support; opportunities for community service; and career counseling and connections to jobs and networks in their native land.

The three Canadian universities join twelve other universities and secondary education partners around the globe that are partners in the initiative. Participating institutions were selected based on their academic excellence, nurturing environments, and programs relevant to economic growth sectors in Africa. The scholars to be placed in Canada include ninety-one who will study at McGill, a hundred and twelve at UBC, and sixty-seven at U of T.

"The MasterCard Foundation Scholars Program will develop next-generation leaders who will have a transformational impact in developing countries," said MasterCard Foundation president and CEO Reeta Roy. "McGill University, the University of British Columbia, and the 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."