SACKVILLE, NB — BMO is donating $250,000 to Mount Allison University to establish the BMO Excellence Scholarship. The entrance scholarship will be available to students from Atlantic Canada and is valued at $40,000 over four years.

“The University is deeply appreciative of BMO’s commitment,” says Dr. Robert MacKinnon (‘78), Mount Allison’s Interim President and Vice-Chancellor. “The impact of these types of scholarships is tremendous, making university financially possible and recognizing a student’s hard work. The BMO Excellence Scholarship is vital in this effort.”

The BMO Excellence Scholarship is a continuation of the bank’s ongoing support of Mount Allison University students. BMO scholarships have been providing students with vital financial aid for more than a decade.

“We are delighted to build upon our ongoing partnership with Atlantic Canadian students and our long-standing relationship with Mount Allison University,” said Justin Scully, Regional President, BMO Personal Banking, Atlantic. “Investing in education is a reflection of BMO’s purpose, to boldly grow the good in business and life. This scholarship supports the educational progress of young people in our community, and in turn, contributes to a thriving economy, sustainable future, and inclusive society for all of us.”

About BMO

Helping communities thrive by supporting the organizations that sustain them and encouraging employee giving and volunteerism is at the heart of BMO's purpose. In 2022, BMO’s social impact included more than $69 million donated to hundreds of charities and non-profit organizations across North America to help drive progress by enabling individuals to thrive and communities to prosper. BMO employees spent almost 50,000 hours volunteering in the community and contributed more than $26 million of donations through an annual employee giving program. For more information, please visit BMO.com.