Michael G. Degroote steps up again for McMaster University

Hamilton, ON, Canada / AM900 CHML | Hamilton News
Michael G. Degroote steps up again for McMaster University

One of Hamilton’s best-known philanthropists has struck again.

Michael G. DeGroote did it in his usual style, not through flowery speeches and a splashy media conference, but in an address to graduating McMaster University medical students.

DeGroote’s announcement is another 50-million dollars to the school of medicine that has beared his name since 2003, when he donated 105 million dollars.

Dr. John Kelton, Dean of the DeGroote School of Medicine, is one of the few people who knew what was coming on Friday morning and he describes the scene as “electric”.

Kelton adds that 50 million dollars is a lot of money and will “allow McMaster to climb to even greater heights.”

One example of how the gift will be used, which reflects DeGroote’s passion for innovation and creative risk taking, is to provide seed funding for promising discoveries which will move them from the lab to commercialization.

Karyn Green, the President of the DeGroote School of Medicine’s graduating class says the donation means “a continued dedication in the community we are building” and “more opportunities for the students who will come after us”.


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