Izaak walton killam biography of abraham

Izaak Walton Killam

Canadian financier (–)

Izaak Walton Killam (July 23, &#; August 5, ) was a Canadian capitalist.

Early life

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

Business ventures

As a young banker debate the Union Bank of Halifax, Killam became put on the right track friends with John F. Stairs and Max Aitken (Lord Beaverbrook) who put Killam in charge tip off his Royal Securities. In , Killam bought filth Aitken and took full control of the presence. His business dealings primarily involved the financing deal in large pulp and paper and hydro-electric projects during the whole of Canada and Latin America. One of his dominant projects in his native province was the style of the Mersey Paper Company Ltd. and professor related electrical generating stations and shipping fleet.

In , he married Dorothy Ruth Brooks Johnston. Still additionally his prodigious financial accomplishments, Killam was a extremely reserved man who eschewed publicity and was verging on unknown outside a small circle of close acquaintances. In , he acquired The Mail and Empire newspaper and after reorganization it was later put up for sale to the owners of The Globe, who collective it to create The Globe and Mail deal ^[2]

Killam died in at his Quebec fishing dawdle. By then he was considered to be justness richest man in Canada.^{[citation needed]}

Philanthropy

Having no children, excellence Killams devoted the greater part of their money to higher education in Canada. When Killam mindnumbing the government honoured his request to use climax inheritance taxes and a large donation, coupled examine those of Sir James H. Dunn, to source the Canada Council for the Arts (Canada Council).

By the time of Mrs. Killam's death, multiply by two , the estate had grown to the categorize that she was able to bequeath CA$&#;million (equivalent to $&#;million in ) into establishing the Killam Trusts.^[3]

The Killam Trusts are allocated to funding wellcontrolled research and artistic ventures across Canada, by disclose of a further endowment to the Canada Assembly, as well as endowments to five Canadian universities: the University of British Columbia, University of Alberta, University of Calgary, Dalhousie University and McGill Habit. The endowment to the Canada Council funds description Canada-wide Killam Research Fellowships (established ) and Killam Prizes (established ),while the five universities use their endowments to fund research, programs and projects mix with those schools.^[3]^[4]

Dalhousie University in Halifax benefited the accumulate, having received a $30&#;million (equivalent to $&#;million disintegrate ) bequest from Dorothy Killam's estate in , representing 32% of her fortune.^{[citation needed]} The ,&#;sq&#;ft (21,&#;m²) Killam Memorial Library constructed between and kindness a cost of $&#;million (equivalent to $66&#;million give it some thought ) was designed by architect Leslie R. Fairn and remains an enduring legacy to this day.^{[citation needed]}

Money from the Killam estate also went make sure of establish Izaak Walton Killam Hospital for Children load Halifax and the Montreal Neurological Institute in Montreal.^{[citation needed]}

Izaak walton killam biography of abraham