Record $34 million donation to support 'equity-deserving' students at SFU

The gift from alumnus Lance Uggla, chairman and CEO of IHS Markit, is the largest of its kind in Canadian history

SFU alumnus Lance Uggla and his family are establishing the Uggla Family Scholarship at SFU | Submitted

Simon Fraser University (SFU) says it is the largest gift of its kind in Canadian history.

A $34.1 million donation from the chairman and CEO of London-based IHS Markit and his family will financially support 10 SFU students per year who may not otherwise be able to afford an education, including those from equity-deserving groups.

Lance Uggla graduated from SFU's Beedie School of Business in 1985. The gift behind the Uggla Family Scholarship is the largest gift in SFU history. 

“I am a father of four amazing children who are all building their careers from a similarly strong foundation. The Uggla Family Scholars that this program will support, all from less advantaged backgrounds, will equally be given the opportunity to excel in the years ahead. I am excited to get started and help the first students begin their journeys," Uggla said in a news release.

The scholarships will run in perpetuity starting in September 2021. For the first year, they are available exclusively to students enrolled in business or applied sciences programs. 

Burnaby-raised Uggla and his family have also donated £23.4 million (CAD$40 million) for a similar initiative at the London School of Economics, where Uggla earned his master's degree. 

"I’ve always believed that a good education is the foundation of a successful business career," Uggla tweeted about the announcement. 

"I believe that to build stronger, better, and fairer businesses for the future, companies must emphasize the importance of attracting and retaining a diverse talent pool of exceptional recruits."