Rhodes Scholarship gets donation of USD 120 million

The organisers of the Rhodes Scholarships say a Canadian philanthropist is giving of USD 120 ml to the program, the largest single donation since the prestigious program was founded more than a century ago.

Updated: Sep 19, 2013, 17:31 PM IST

London: The organisers of the Rhodes Scholarships say a Canadian philanthropist is giving of USD 120 ml to the program, the largest single donation since the prestigious program was founded more than a century ago.

The Rhodes Trust said today that the McCall MacBain Foundation`s grant will help fund the current 83 Rhodes Scholarships to the University of Oxford each year, and to expanding the program.

The Rhodes Scholarship, established in 1903, is the world`s oldest international graduate scholarship program.

Among the 8,000 beneficiaries are former US 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 Commonwealth, potentially including China, India and Brazil.

PTI