Children of military parents killed while serving on an active mission with the Canadian Forces are now eligible to receive financial assistance for their post-secondary education from the Canada Company Scholarship Fund launched in October 2007.

The scholarship fund is in recognition of the selfless sacrifice that Canada’s brave military personnel make in the service of their country.

The Canada Company Scholarship Fund provides up to $4,000 per year for up to four years to support the post-secondary education for children who qualify. The fund will provide scholarship grants to children retro-actively to January 1, 2002.

CIBC initially provided leadership funding in the amount of $1 million, which has now grown to over $2 million. Canada Company has also secured financial support from Peter Munk, Founder and Chairman of Barrick Gold Corporation; Jim Balsillie, Co-Chief Executive Officer of Research In Motion (RIM); R B & H Inc.; Paul Desmarais, President and Co-CEO of Power Corporation of Canada; the W. Garfield Weston Foundation; Bank of Montreal, Scotiabank, Standard Life Assurance Company of Canada and from AGF Management Limited.

Canada Company oversees the fund and is supported by an independent Scholarship Fund Oversight Committee to ensure that bereaved children have the opportunity to receive scholarship grants for their post-secondary education. This oversight committee also determines the eligibility criteria, disburses the funds and makes recommendations to Canada Company for future funding requirements.