Agricultural Institute of Canada Foundation (AICF)

Agricultural Institute of Canada Foundation (AICF)

November 13, 2006 14:00 ET

Agricultural Institute of Canada Foundation Announces Renewed RBC Funding for Agricultural Scholarship

OTTAWA, ONTARIO--(CCNMatthews - Nov. 13, 2006) - The Agricultural Institute of Canada Foundation (AICF) announced today that a $50,000 donation from RBC Financial Group (RBC), through its charitable foundation, will enable the Douglas McRorie Memorial Scholarship to continue until 2011. Six scholarships will be offered annually to post-graduate students studying agricultural business, economics, finance or trade.

Established in 1990, the Douglas McRorie Memorial Scholarship has provided numerous scholarships to agricultural students across Canada who have chosen a business emphasis for their studies. The late Douglas McRorie, PAg, a past vice-president of RBC Royal Bank and the AICF, is remembered for his commitment and leadership to the agricultural sector across Canada.

"We are pleased to announce the continuation of our support for the Douglas McRorie Scholarship," said Brian Little, RBC Royal Bank's national manager for Agriculture & Agribusiness. "RBC is committed to being a leader in agricultural banking and agribusiness and we actively seek out ways to invest in tomorrow's leaders and innovators in the field of agriculture."

"The ongoing support of RBC is particularly welcome this year, as we continue to expand the Foundation's suite of scholarships," said Derrick Jamieson, PAg, AICF President. "Our goal is to continue to provide support for students who have dedicated themselves to academic excellence and show tremendous leadership qualities."

A formal presentation was made on Monday November 6, at the luncheon of the Agricultural Institute of Canada's Annual Conference, at the Fairmont Winnipeg, Manitoba.

For details about the selection criteria and process, please contact Jean Sullivan, Manager the AICF office in Ottawa, 613-223-2362. or visit http://www.aic.ca/about/foundation_initiatives.cfm

About RBC Financial Group

"RBC Financial Group (RBC) has been named Canada's Most Respected Corporation in the category of "Corporate Social Responsibility" for 11 consecutive years in the annual KPMG/Ipsos Reid poll. In addition to having one of the leading community care programs in Canada, RBC is a founding member of Imagine Canada, committed to donating at least one per cent of its annual net income before taxes to charitable causes. In 2005, RBC invested more than $65 million in communities across North America, including $40.6 million in donations to charitable organizations and $25 million invested in sponsorships. For more information, visit www.rbc.com/community.

Contact Information

  • Agricultural Institute of Canada Foundation
    Jean Sullivan
    613-223-2362
    or
    Agriculture & Agribusiness-Prairies
    RBC Royal Bank
    Earl Smith
    Manager
    403-292-8991