NOSM University $100K endowment is to be matched

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NOSM University $100K endowment is to be matched
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Bursary provided by Nicolas Michael Farkouh is funded by Sudbury's John Carl MacIsaac Foundation

NOSM University has been provided with $100,000 from the Nicolas Michael Farkouh Bursary gift, which is to be matched by the FDC Foundation to create an endowment of $200,000, said a release from NOSM U this week.

With this family foundation’s generous gift of $100,000, and a matching gift of $100,000 from the FDC Foundation through their $10 million matching commitment, a $200,000 endowment will be established, said the university. Each year, the Nicolas Michael Farkouh Bursary will support a student in need with a gift of up to $5,000, it added.

Farkouh's connection to the MacIsaac family was explained Andrew MacIsaac, trustee of the John Carl MacIsaac Foundation.“It is a great honour to recognize Nick and his life-long contributions to the community of Greater Sudbury.”

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