Posted on Dec. 19: Enormous national reaction to $105-million gift

From coast to coast, the reaction to the announcement that McMaster is receiving a $105-million gift for its medical school, is almost as great as the donation itself. "A gift so huge has as much shock impact as it does the ability to understand it," says John Kelton, dean and vice-president of the Faculty of Health Sciences. For him, the realization of it is still sinking in. "I still haven't realized it. It's historic." So what has the external reaction been to the "historic" $105-million gift from Canadian businessman and philanthropist Michael G. DeGroote? "Consistently enormous enthusiasm," sums up Kelton. "That would be it in a nutshell." And envy, he adds. "I have been hearing great enthusiasm and great envy from deans across the country. People are saying 'we can't believe it, we find it wonderfully exciting'." On Dec. 17, in the McMaster University Student Centre marketplace, approximately 1,000 people gathered to hear DeGroote announce he is giving McMaster the largest cash gift in Canadian history. The $105-million donation will be divided between a $64-million endowment fund, supporting education, health care and medical research in perpetuity and a $41-million capital fund directed to construction and outfitting of laboratories and hospital units. The Michael G. DeGroote School of Medicine at McMaster University will be the first Canadian medical school to bear the name of a benefactor. McMaster President Peter George has received letters from University presidents congratulating and thanking McMaster for raising the bar. "That is the message that resonates through virtually all of the universities in the country," he says. "It sends a very positive and encouraging signal to donors that their gifts are important."

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