Seymour Schulich’s $25 million donation, matched by the Government of Alberta, was the largest charitable gift then received at the University, and the first time a Canadian engineering school was named in honour of a benefactor. Schulich, then 65, was the co-founder of Franco-Nevada Mining Corporation, Chairman of Newmount Capital Limited and Vice-Chairman Emeritus of Beutel, Goodman & Company, one of the largest pension fund management companies in Canada.
Schulich’s endowment would be used to create a total of 102 scholarships, assist with supporting engineering student field trips, clubs, teams and associations and would also fund three new research char positions, the first to focus on biomedical engineering. Up to $500,000 yearly would also be allocated to student job placements, fund raising, recruiting personnel, course development and learning materials.
The dedication ceremony for the Schulich School of Engineering took place June 2nd, 2005.
Engineering students achieved another first in 2005 with their entry into the 4,000 km North American Solar Car Challenge. The race started in Austin Texas with the final leg from Medicine Hat culminating in the finish line at the University. The solar car was designed, constructed, tested and raced by a team of graduate and undergraduate students.