Giving the arts business legitimacy

Once thought to inhabit different worlds - except when they meet through philanthropy - the arts and the corporate sector are finding new ways to co-habit at Canadian business schools.

New scholarships

National Bank Financial Group has pledged $1-million over eight years to McGill University's Desautels Faculty of Management for entrepreneurship, PhD fellowships and research and teaching in finance.

Desautels, which raises about $10-million a year in donations and endowments, has received funding from several other banks over the past year.

Canadian Imperial Bank of Commerce donated $500,000 last year for undergraduate entrance bursaries and graduate fellowships, while Laurentian Bank committed $200,000 for undergraduate scholarships and MBA leadership awards. Scotiabank Global Banking recently donated $500,000 for a new conference room, with a similar amount for scholarships announced last fall.

Read full article: Globe and Mail, March 23, 2012