HORATIO ALGER ASSOCIATION OF CANADA SCHOLARSHIP FUNDERS REPORT ���� GER AS AL SO C O I I A T T A I R O N O H O F A CA N A D HORATIO ALGER ASSOCIATION OF CANADA BOARD OF DIRECTORS PRESIDENT PRESIDENT EMERITUS VICE PRESIDENT V. Prem Watsa (2012) Dominic D’Alessandro (2005) Serge Godin (2015) Chairman and CEO Past President and CEO Founder and Executive Fairfax Financial Holdings Limited Manulife Chairman of the Board CGI, Inc. VICE PRESIDENT VICE PRESIDENT VICE PRESIDENT Jay S. Hennick (2019) David Johnston (2018) Rebecca MacDonald (2009) Global Chairman and Chief Chair, Rideau Hall Foundation Founder and Executive Chair Executive Officer 28th Governor General of Canada Just Energy Group Inc. Colliers International Group Inc. Founder and Chairman FirstService Corporation VICE PRESIDENT TREASURER Brian Mulroney (2012) Rick Waugh (2011) Former Prime Minister of Canada Retired Deputy Chairman, Senior Partner President & CEO Norton Rose Fulbright Canada LLP Scotiabank 2 GER AS AL SO C O I I A T T A I R O N O H O F A CA N A D Our Impact Since the establishment of its scholarship programs in 2012, the Horatio Alger Association of Canada has become one of the country’s largest, need-based scholarship providers. 1,168 508 120 $7.1 Scholarships High Schools/ Colleges/Universities Awarded CEGEPs Served Attended MILLION in scholarships SCHOLARSHIPS $1.68 Million – Estimated value of Horatio Alger scholarships awarded in 2020 to more than 245 new Scholars $1.57 $81 $25 MILLION THOUSAND THOUSAND Undergraduate Vocational & Technical Indigenous SUPPORT SERVICES • Alumni Association • ComPsych • Online Education • Career Support • Emergency Fund • Personal Contact • College Readiness • Housing Needs • Professional Development • College Support and • Licensing Fees • Non-Traditional Support Financial Aid Counseling • Networking and Career Guidance 2020 SCHOLAR PROFILE $29,575 3.74 26% Average Family Income Average High School GPA First-Generation College Students Adversities: Divorce of Parents | Physical/Mental/Sexual Abuse | Alcohol/Substance Abuse | Homelessness | Physical/Mental Disability or Illness | Death of Parents | Foster Care 1 TABLE OF CONTENTS SCHOLARSHIP PROGRAMS OVERVIEW .......................................................................................................................3 SCHOLARSHIP FUNDERS ..............................................................................................................................................4 SCHOLAR SUPPORT SERVICES ..................................................................................................................................... 5 NATIONAL ENTREPRENEURIAL SCHOLARSHIP PROGRAM ........................................................................................ 6 CANADIAN SCHOLARSHIP PROGRAM ........................................................................................................................8 FAIRFAX FINANCIAL ENTRANCE AWARDS ..............................................................................................................12 VOCATIONAL AND TECHNICAL EDUCATION SCHOLARSHIPS ................................................................................. 13 INDIGENOUS ACHIEVEMENT SCHOLARSHIP ...........................................................................................................15 SCHOLARSHIP SELECTION COMMITTEE ...................................................................................................................17 Association Member Jay S. Hennick with Canadian Horatio Alger Scholars in Toronto, Ontario. 2 SCHOLARSHIP PROGRAMS OVERVIEW The Horatio Alger Association of Canada has awarded more than $7.1 million in scholarships to more than 1,100 hardworking students across the country. Recipients of these awards are rewarded for persevering through adversities while committing to academic excellence and serving their communities. The Association focuses on helping these young people pursue their dreams through higher education, which changes the trajectory of their and their families’ lives forever. SCHOLARSHIP AWARDS Eligible colleges and universities are listed by territory below: National Entrepreneurial Scholarship • Alberta: University of Calgary, SAIT Polytechnic Each year the Association selects 10 inspiring graduating • British Columbia: Simon Fraser University, University of high school students to receive the National Entrepreneurial British Columbia, University of Victoria, Capilano University, Scholarship. In addition to a $10,000 scholarship, National Douglas College Entrepreneurial Scholars receive an all-expenses paid trip to • Manitoba: University of Manitoba, Red River College, Washington D.C., during the spring of their terminal year of Assiniboine Community College high school to participate in a conference with their Ameri- • Newfoundland and Labrador: Memorial University, can National Scholar counterparts. College of the North Atlantic • Nova Scotia: Dalhousie University Canadian Scholarship • Ontario: University of Toronto, University of Waterloo, The Association annually awards 160 scholarships, valued at Georgian College, Seneca College, Sheridan College $5,000 to graduating high school students who demonstrate • Quebec: McGill University, Laval University, O’Sullivan perseverance in overcoming adversity and a commitment to College of Montreal their communities. Students from all across Canada receive support through this program. Indigenous Achievement Scholarship The Indigenous Achievement Scholarship is awarded in Fairfax Financial Entrance Awards partnership with Indspire, a national Indigenous registered The Fairfax Financial Holdings Entrance Awards program is charity that invests in the education of First Nation, Inuit, a partnership of Fairfax Financial Holdings Limited (whose and Métis people. Five awards of $10,000 each are awarded Chairman and CEO, Prem Watsa, also serves as the Presi- annually to Indigenous students who plan to start a four-year, dent of the Horatio Alger Association of Canada). Through post-secondary program in the fall semester. this partnership, more than 45 scholarships are awarded to selected youth residing in Canada who face significant Vocational and Technical Education Scholarships financial obstacles to help them achieve a Canadian college The Vocational & Technical Education Scholarships, valued at or university diploma or degree. $3,000, are awarded to eligible students across all provinces and territories in Canada. Scholars in this program enroll in The Fairfax Financial University Scholarship provides $24,000 a three-year (or less) career or technical degree/ certificate scholarship awards and the Fairfax Financial College Scholar- program that leads to direct employment post-graduation. ship provides $12,000 scholarship awards. Crown Lift Technical Scholarship* The Crown Scholarship provides two recipients with $2,500 to pursue an Associate’s degree or certificate in industries such as manufacturing, production, or welding. Recipients of this award display both integrity and perseverance in over- coming adversity. * This program is not featured in this publication because the selection process is ongoing due to the pandemic. 3 SCHOLARSHIP FUNDERS The Horatio Alger Association of Canada is grateful to its Members and Friends for their generous support of scholarships for young Canadians. With your contributions, students are being provided with knowledge, increased opportunities, and hope for the future. Thank you for participating in this important work. CANADIAN SCHOLARSHIPS Horatio Alger Association SPECIALIZED SCHOLARSHIPS of Canada Berkshire Hathaway Energy Fairfax Financial Entrance Awards Canada Foundation (in honor of NATIONAL ENTREPRENEURIAL V. Prem Watsa Gregory E. Abel) SCHOLARSHIPS Indigenous Achievement Scholarships Sharon & David L. Johnston Horatio Alger Association Horatio Alger Association of Canada of Canada IHS Markit VOCATIONAL AND TECHNICAL Crown Lift Technical Scholarships* Walter Scott, Jr. EDUCATION SCHOLARSHIPS Janet and James F. Dicke II Dennis & Phyllis Washington Horatio Alger Association Foundation of Canada * This program is not featured in this publication because the selection process is ongoing due to the pandemic. Note: The Horatio Alger Association of Distinguished Americans also provides partial support for many of the Canadian scholarship programs listed above. Scholars with Horatio Alger Members Prem Watsa, Bonnie McEleveen-Hunter, David Johnston, and Jay S. Hennick. 4 SCHOLAR SUPPORT SERVICES In addition to scholarship support, the Association offers a number of services and opportunities to Horatio Alger Scholars, including: • ALUMNI ASSOCIATION: All Scholars who have graduated from college become part of the Alumni community and are eligible for opportunities such as graduate grants and Alumni regional gatherings. Alumni Scholars also give back by providing a diverse range of supports for Scholars such as career connections, care packages, and personalized letters. • CAREER SUPPORT: Internship stipends allow Scholars to take advantage of unpaid internships; externships provide short-term experiential learning opportunities provided by Member or Alumni organizations, and career mentoring is supported through the Association’s online networking platform. • COLLEGE READINESS: Information is delivered to Scholars through online curriculum to prepare them for their first year of post-secondary education. Topics are varied, but include mental health support and awareness, note-taking