Seymour Schulich

Seymour Schulich
Born	January 6, 1940 Montreal, Quebec, Canada
Residence	Toronto, Canada
Nationality	Canadian
Alma mater	McGill University
Net worth	CAD$1.75 billion (2011)
Spouse(s)	Tanna Schulich
Children	2

Seymour Schulich, OC (born January 6, 1940) is a Canadian businessman, investor, author and philanthropist.

Biography

Schulich graduated from McGill University with a BSc in 1961 and an MBA from the Desautels Faculty of Management in 1965. He earned the Chartered Financial Analyst designation from the University of Virginia in 1969.

He is married to Tanna and they live in Willowdale, Ontario, a neighbourhood of Toronto. They have two daughters and four grandchildren.^[1]

Career

His first job was at Shell Oil Company. From 1968 to 1990, he worked at Beutel, Goodman & Company Ltd., a pension fund management company which manages in excess of $10.6 billion CAD (as of 2003), becoming president and vice-chairman.

In 1978, Schulich, along with partner Pierre Lassonde, helped pioneer the concept of royalty payments in the mining industry: their Franco-Nevada and Euro-Nevada companies discovered some precious minerals, but their royalty arrangements allowed them to gain ownership stakes in some of the world’s most profitable mines. A $1,000 investment in Franco-Nevada's stock in 1983 was worth $1.2 million in 2002, equivalent to a 40% average annual rate of return. In 2002, Franco-Nevada merged with Normandy Mining Limited of Australia and Newmont Mining Corporation, creating the largest gold mining company in the world, Newmont Mining Corporation. Schulich was Director of Newmont Mining and Chairman of its merchant banking division from 2002-2007.^[2]

In 2007, Schulich published a book titled Get Smarter: Life and Business Lessons.

Philanthropy

Schulich has donated funds to numerous Canadian universities including York^[3] (Schulich School of Business), Western Ontario (Schulich School of Medicine & Dentistry),^[4] Calgary (Schulich School of Engineering),^[5] Dalhousie (Schulich School of Law),^[6] McGill (Schulich School of Music),^[7] and Nipissing (Schulich School of Education).^[8] The first and largest donation that was made was to the Schulich School of Business at York University. All degrees issued by the Schulich School of Business now bear the signature of Seymour Schulich. His philanthropy also extends beyond universities, to the Sunnybrook Health Sciences Centre (Schulich Heart Centre)^[9] in Toronto, and outside Canada to the University of Nevada, Reno (Schulich Lecture Hall) and Technion – Israel Institute of Technology.^[10]

On October 15, 2009, Schulich officially presented a donation in the amount of $20 million to Dalhousie University's Law School; in doing so, the Law School has now been renamed the Schulich School of Law.^[11]

On October 14, 2011, Schulich announced a $100 million scholarship program targeting students entering the science, technology, engineering and math fields (STEM) in Canada and Israel. This gift is being co-administered by UJA Federation of Greater Toronto and the Schulich Foundation.^[12] The program is called Schulich Leader Scholarships, the largest undergraduate STEM scholarship opportunity in each country.^[13]

Honours

• 2013, Doctor of Laws, honoris causa, Dalhousie University^[14]
• 2011, Officer of the Order of Canada "for his transformational philanthropy in support of our education and health care institutions".^[15]
• 2011, Inductee, Canadian Business Hall of Fame^[16]
• 2010, Doctor of Laws, honoris causa, University of Calgary^[17]
• 2008, Doctor of Laws, honoris causa, University of Western Ontario^[18]
• 2006, Inductee, Canadian Mining Hall of Fame^[19]
• 2004, Honorary Doctorate, McGill University^[20]
• 2003, Doctor of Laws, honoris causa, York University^[21]
• 1999, Member of the Order of Canada^[22]
• 1998, "Developer of the Year" by the Prospectors and Developers Association of Canada
• 1997, with Pierre Lassonde, named "Mining Man of the Year" by The Northern Miner^[23]

Partial bibliography

• Schulich, Seymour. Get Smarter Life and Business Lessons. Toronto: Key Porter Books, 2007. ISBN 978-1-55263-942-9
• Schulich, Seymour. Weather Gas Distribution Companies and Stock Markets ( a Theory for Short Term Traders.) --. S.l: s.n.], 1965.

See also

• Schulich School of Law

References

1. "The life of Seymour Schulich: Biographical notes". canadian-universities.net. September 30, 2005. Retrieved October 27, 2007.
2. Newmont Mining Corp.{http://www.newmont.com/our-investors/press-releases/2007/02122007}
3. "York University benefactor Seymour Schulich to be inducted into Canadian Business Hall of Fame - York Media Relations".
4. "Seymour Schulich is a mining tycoon who spreads the wealth". The Globe and Mail.
5. "Schulich visits".
6. Marilyn Smulders (October 15, 2009). "Introducing the Schulich School of Law". Dalhousie News.
7. Department of Communications and Public Affairs, Western University. "Western News - Search". Western News.
8. http://www.nipissingu.ca/departments/external-relations/nunews/2012-archive/Jan-12-2012/Pages/Congratulations-to-Mr.-Seymour-Schulich.aspx
9. "Seymour Schulich give Sunnybrook $10 m gift".
10. "Seymour Schulich donates landmark gift of US $20 million to the Technion – Israel Institute of Technology".
11. Smulders, Marilyn. "Introducing the Schulich School of Law". Retrieved March 19, 2013.
12. Bradshaw, James (October 14, 2011). "Toronto philanthropist Schulich unveils $100-million scholarship – The Globe and Mail". The Globe and Mail. Toronto.
13. "Schulich Leader Scholarships - Creating the next generation of technology innovators".
14. "Seymour Schulich Honorary Degree Recipient". dal.ca. Retrieved June 1, 2013.
15. "Appointments to the Order of Canada".
16. http://www.newswire.ca/en/story/817449/junior-achievement-of-canada-welcomes-four-new-companions-into-the-canadian-business-hall-of-fame
17. "Seymour Schulich Honorary Degree Recipient". ucalgary.ca. Retrieved June 9, 2010.
18. "Convocation for Schulich MDs pays tribute to benefactor". uwo.ca. Retrieved June 12, 2008.
19. "The Canadian Mining Hall of Fame".
20. "The Benefactor – Seymour Schulich: New standard for giving". mcgill.ca. Archived from the original on January 22, 2008. Retrieved October 27, 2007.
21. "Biography Seymour Schulich, CM, BSc, MBA, CFA, HonLLD (York)". yorku.ca. 2002. Retrieved October 27, 2007.
22. "The Governor General of Canada > Find a Recipient".
23. "Hall of Fame Inductee". halloffame.mining.ca. Archived from the original on February 12, 2008. Retrieved October 27, 2007.

Sources

• McGill University news
• The Schulich donation and the naming of the Schulich School of Medicine – Issues
• Seymour Schulich's biography – an Indigo Author

Further reading

• Gray, John. 2006. "LIVE & LEARN – Seymour Schulich – The Entrepreneur, Mentor and Philanthropist on His First Investment and Favourite Painter". Canadian Business. 79, no. 24: 144.