The most generous philanthropic gift for the benefit of students in Australian history was announced at ANU.
In the largest donation to an Australian university by an Australian citizen, ANU alumnus Graham Tuckwell and his wife Louise have given $50 million to ANU to fund the new Tuckwell Scholarship program.
The gift is already being praised by Prime Minister Julia Gillard, and the Leader of the Opposition, Tony Abbott.
“I had the absolute delight earlier today to meet with Graham Tuckwell,” said the Prime Minister on Tuesday.
“Graham and his wife, Louise, have given $50 million to The Australian National University for a scholarship program that will provide scholarships of $100,000 for students to meet their residential living expenses. It is a philanthropic venture of truly awesome scale. As soon as I sat down with Graham, I knew that I had found a kindred spirit—someone who shares a passion for education and for ensuring that people get the best opportunities in life. So, with a real sense of thanks, on behalf of the nation, thank you to Graham and Louise Tuckwell; thank you for what you will achieve with this money and thank you for the example that you have given our nation of philanthropy at its best.”
Mr Abbott also commended Mr Tuckwell for his generosity.
“I, too, wish to congratulate Graham Tuckwell on his extraordinary act of philanthropy. Fifty million dollars to fund scholarships for people who might otherwise be unable to attend one of our finest universities is a truly remarkable gift to our nation. I believe this would be the largest ever philanthropic donation in Australia’s history certainly – in education – and an absolutely massive contribution. Let us hope that the extraordinary example of Mr Tuckwell and his family is contagious amongst other Australians with the means to be as generous as they can be to worthy causes,” he said.
Beginning in 2014, the most transformational undergraduate scholarship program in Australia will award 25 Tuckwell Scholarships each year at a value of $20,000 per annum for up to five years for expenses such as accommodation and living costs.
The Tuckwell Scholars will be selected from a cohort of school-leavers whose ATAR is 95 or above and who display a rounded set of attributes.
Applications for the Tuckwell Scholarship open to students from around Australia on Monday 4 March 2013 and close Tuesday 2 April 2013.
For more information, visit http://tuckwell.anu.edu.au