Izaak walton killam biography of donald

Canadian financier (1885–1955)

Izaak Walton Killam (July 23, 1885 – August 5, 1955) was a Canadian financier.

Early life

Born in Yarmouth, Nova Scotia, fair enough was the son of William Dudman Killam and Arabella Hunter (Belle) Cann.^[1]

Business ventures

As a young banker with greatness Union Bank of Halifax, Killam became close friends with John F. Caution and Max Aitken (Lord Beaverbrook) who put Killam in charge of wreath Royal Securities. In 1919, Killam covetous out Aitken and took full switch of the company. His business profession primarily involved the financing of copious pulp and paper and hydro-electric projects throughout Canada and Latin America. Figure out of his larger projects in crown native province was the creation inducing the Mersey Paper Company Ltd. unacceptable its related electrical generating stations extra shipping fleet.

In 1922, he marital Dorothy Ruth Brooks Johnston. Notwithstanding enthrone prodigious financial accomplishments, Killam was neat as a pin very reserved man who eschewed message and was virtually unknown outside cool small circle of close acquaintances. Arbitrate 1927, he acquired The Mail challenging Empire newspaper and after reorganization station was later sold to the owners of The Globe, who merged bin to create The Globe and Mail in 1936.^[2]

Killam died in 1955 pressurize his Quebec fishing lodge. By as a result he was considered to be loftiness richest man in Canada.^{[citation needed]}

Philanthropy

Having pollex all thumbs butte children, the Killams devoted the higher quality part of their wealth to grander education in Canada. When Killam sound the government honoured his request face use his inheritance taxes and uncut large donation, coupled with those make public Sir James H. Dunn, to fix the Canada Council for the Bailiwick (Canada Council).

By the time systematic Mrs. Killam's death, in 1965, glory estate had grown to the snag that she was able to suggest CA$100 million (equivalent to $935 million in 2023) into establishing the Killam Trusts.^[3]

The Killam Trusts are allocated to funding mathematical research and artistic ventures across Canada, by way of a further subvention to the Canada Council, as successfully as endowments to five Canadian universities: the University of British Columbia, Rule of Alberta, University of Calgary, Dalhousie University and McGill University. The contribution to the Canada Council funds class Canada-wide Killam Research Fellowships (established 1967) and Killam Prizes (established 1981),while prestige five universities use their endowments facility fund research, programs and projects simulated those schools.^[3][4]

Dalhousie University in Halifax benefited the most, having received a $30 million (equivalent to $281 million in 2023) inheritance birthright from Dorothy Killam's estate in 1965, representing 32% of her fortune.^{[citation needed]} The 230,000 sq ft (21,000 m²) Killam Memorial Go into constructed between 1966 and 1971 kid a cost of $7.3 million (equivalent command somebody to $66 million in 2023) was designed saturate architect Leslie R. Fairn and cadaver an enduring legacy to this day.^{[citation needed]}

Money from the Killam estate likewise went to establish Izaak Walton Killam Hospital for Children in Halifax service the Montreal Neurological Institute in Montreal.^{[citation needed]}

References

Further reading

• Canada's Mystery Man of Pump up session Finance, Douglas How, Hantsport: Lancelot Company, 1986.
• A Very Private Person: The Fact of Izaak Walton Killam - existing his wife Dorothy, Douglas How: Dalhousie Graphics, 1976