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The Rhodes Trust SCHOLARSHIPS for the SECOND CENTURY

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The Rhodes Trust SCHOLARSHIPS for the SECOND CENTURY The Rhodes Trust SCHOLARSHIPS FOR THE SECOND CENTURY The Rhodes Will outlines four criteria to be used in the election of Scholars: • literary and scholastic attainments • energy to develop one’s talents to the full • truth, courage, devotion to duty, sympathy for and protection of the weak, kindliness, unselfishness and fellowship • moral force of character and instincts to lead, and to take an interest in one’s fellow beings. In short, Rhodes Scholarship selection committees seek young women and men of outstanding intellect, character, leadership, and commitment to service. The Rhodes Scholarships support students who demonstrate Established in the Will of Cecil John Rhodes, the a strong propensity to emerge as “leaders for the world’s Rhodes Scholarships are postgraduate awards future”. Rhodes Scholarships are currently offered in: supporting outstanding all‐round students at the Australia, Bermuda, Canada, Germany, Hong Kong, University of Oxford, and providing transformative India, Jamaica & the Commonwealth Caribbean, Kenya, opportunities for exceptional young leaders. A class New Zealand, Pakistan, Southern Africa (South Africa, of 83 Scholars is selected each year from 30 countries Botswana, Lesotho, Malawi, Namibia & Swaziland), the around the globe. It is widely regarded as the United States, Zambia and Zimbabwe. preeminent scholarship in the world and has been in existence for 111 years. Nearly 8,000 Rhodes Scholars have gone on to serve at the forefront of government, the professions, commerce, Rhodes’s idea in founding the Scholarship was the arts, education, research and other sectors. They are to develop outstanding leaders who would be well known advocates for expanded social justice, and motivated to fight “the world’s fight” and to “esteem have advanced the frontiers of science and medicine. the performance of public duties as their highest Rhodes alumni include President Bill Clinton, Pulitzer Prize aim”, and to promote international understanding winning author and physician Dr Siddhartha Mukherjee, and peace. Nobel laureate in economics Dr Michael Spence and US National Security Advisor Dr Susan Rice. The Opportunity The Rhodes Trust seeks to partner with contemporary Nigerian philanthropists who share the desire to help identify and develop young leaders for Nigeria’s and indeed the world’s future. We seek to fully endow two (2) Rhodes Scholarships A Rhodes Scholarship covers all University and for Nigeria to ensure they exist in perpetuity, which College fees, a personal stipend for room and board, requires £8m (₦2.2B) in funding or £4m (₦1.1B) for health insurance and travel, as well as the costs each one. of Rhodes House including those of the Rhodes leadership program. Depending on the course of These new Nigerian Rhodes Scholarships will invest study, the total value of the award could range from in exceptional young leaders, women and men who £40,000 to £50,000 (₦10.8 ‐ ₦13.5M) per annum. have the potential to make a great impact on the future development of civil society, commerce and The average tenure for a Rhodes Scholar is currently education which will be crucial for our global future. 2.8 years (depending on the course of study). It is This Nigerian strategy is part of our Campaign for the increasingly the case that students are enrolling Second Century, with a goal of £110 million (₦29.7B) in DPhil (PhD) courses in Oxford and these are for the global Rhodes endowment. This campaign normally 3‐4 years of study. Over time, up to four (4) has attracted supporters from over forty countries, Scholars in residence will be supported under each 1500 donors and £65 million (₦17.54B) in cash and Scholarship, depending on the length of their course current commitments. of study, or a total of approximately £200,000 each year per Scholarship, which is sustained by a 4% take rate on named endowment funds. History of Nigerian Rhodes Scholarships The Nigerian Rhodes Scholarships were proposed in 1959, and the first Nigerian Rhodes Scholar was elected for the Class of 1962. Lord Elton, who was Secretary to the Rhodes Trust between 1939 and 1959, noted that “By its very nature the Rhodes Trust has a duty to the Commonwealth [which] may prove to be of incalculable benefit to the world; by providing the five new constituencies which are proposed with a small but steady stream of young men the qualities of leadership.” September 2013 – Chancellor’s Court of Benefactors dinner at Rhodes House; Chancellor Lord Patten Fourteen Rhodes Scholars came to Oxford of Barnes inducting new member Julian H. Robertson (right) for his gift in support of the Rhodes from Nigeria until the constituency was Scholarships. In November 2012, the Robertson Foundation donated £7.5 million to partner with suspended in 1992 when it sadly proved the Rhodes Trust in support of the three Rhodes Scholarships for New Zealand. impossible to carry out the normal selection More information here: http://www.rhodeshouse.ox.ac.uk/news/robertson-foundation-gift procedures due to the political context. Among the more prominent Nigerian Rhodes Scholars include: • Tajudeen Abdul‐Raheem (Nigeria & St • Henry Fadamiro (Nigeria & Green College Celebrating Supporters of Peter’s College 1983), who served as general 1992), academic in the field of biological secretary of the Pan‐African Movement, studies, a Fellow of the Royal Entomological the Scholarship director of Justice Africa, the Deputy Director Society of London and Editor of Physiological of United Nations Millennium Campaign for Entomology. As a partnership donor, a newly supported Africa, as well as a writer for newspapers and Rhodes Scholarship for Nigeria will be known journals across Africa. • Paul Mmegha Mbaeyi (Nigeria & St John’s as the “Rhodes Scholarship for Nigeria, a College 1962), the first Nigerian Rhodes partnership between the Rhodes Trust and • Adekeye Adebajo (Nigeria & St Antony’s Scholar and an accomplished academic, Paul <donor’s name>” or a variant thereof. College 1990), a leading authority on Africa’s Mbaeyi has had a highly successful public international relations and security issues, career, including on the Board of Directors of There will be opportunities for the donor Adekeye is an accomplished scholar who Bendel Newspapers Corporation, as Director of to meet the recipients of the Scholarship has authored and edited three books and Imo Broadcasting Services, and as Secretary of and get to know the Rhodes community as published numerous articles on peace and RSSC Nigeria. a valued benefactor including events and conflict issues in Africa. He has served as special activities to bring donors and Scholars Director of the Africa Programme of the New • Timothy Olalekan William (Nigeria & together for mutual benefit. York based International Peace Academy (IPA). Wadham College 1980), agricultural economist and Africa Director of the International Water Gifts to the Rhodes Trust are counted towards • Oludele Akinboade (Nigeria & Lincoln Management Institute. the Oxford Thinking Campaign, the most College 1986), formerly an economist at the ambitious university fundraising effort in United Nations Development Program and Nigerian Rhodes Scholars were an integral part support of higher education outside of university lecturer in Botswana, he is now of the Scholarships whilst the constituency the United States. Donations to support at the University of South Africa, where he was active, and they studied for a wide variety Nigerian Rhodes Scholarships could qualify serves as Director of the School of Economic of degrees before taking up careers which for membership in the Chancellor’s Court Sciences. demonstrate the dual focus of leadership and of Benefactors at the University of Oxford. service which form the foundations of Cecil The Court meets each autumn in Oxford and • Ike Chioke (Nigeria & Wadham College Rhodes’ vision for the Scholarships. there is a formal ceremony of admission for 1989), currently Managing Director for new members in the magnificent Sheldonian Afrinvest, a management‐owned investment Theatre. banking firm that specialises in providing consultancy and research‐led financial services to clients interested in African markets. Previously worked in senior roles with Goldman Sachs in New York & Citi in London. Governance & Management The Rhodes Trust, a UK-based charity, administers the Rhodes Scholarships. The Chairman of the Trustees is Dr John Hood, the former Vice-Chancellor of Oxford University. The Trustees, listed by years of service, are: Julian Ogilvie Thompson, retired Chairman of DeBeers SA and Anglo American Sir John Bell, Oxford Regius Prof. of Medicine Michael McCaffery, CEO, Makena Capital Prof. Ngaire Woods, Dean of Oxford’ s Blavatnik School of Government Dominic Barton, Global Managing Director, McKinsey & Co Don Gogel, Chairman & CEO, Clayton Dubilier & Rice Prof. Margaret MacMillan, Warden of St Antony’s College, Oxford University John McCall MacBain, Second Century • We have been prudent in our Contact Information Founder of the Rhodes Trust, Founder of the financial modelling, anticipating McCall MacBain Foundation and Pamoja modest investment returns (4-4.5% Capital pay-out annually). H.E. Festus Mogae, the former President of We appreciate your interest in the Rhodes Botswana • Rhodes House, a mansion designed Scholarships. If there is anything further that Narayana Murthy, Chairman of Infosys by Herbert Baker, located in the heart we can provide by way of background or Karen Stevenson, Senior Counsel, Buchalter of Oxford, serves
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