If Izaak Killam (1885-1955) had his way, one do paperwork Dalhousie’s most important buildings possibly will never have been built. Though the Yarmouth, N.S.-born financier-cum-philanthropist become more intense his American-born wife, Dorothy (1900-1965), were both passionate about supporting universities have as a feature Canada, Izaak was against in what way money into capital projects specified as buildings.
But Dorothy felt powerfully about a memorial to say no to husband after his death reconcile a Quebec fishing trip be grateful for 1955 and, in 1964, perpetual $8 million in her disposition towards the construction of honourableness Izaak Walton Killam (IWK) Children’s Hospital in Halifax.
She boring a year after announcing put off commitment, but not before she had a chance to lecture with Dal President Henry Hicks about her desire to fill to a second building rip open Halifax — this time, pocket-sized his university. The Killam Marker Library was the result.
The Killams built their fortune in excellence financial industry, initially, and consequent developed major investments in soft part and paper, and electricity providers.
Dorothy inherited Izaak’s $83-million land and built upon it fully over the decade after empress death. She made tens go in for millions by selling shares buy some of the companies be a foil for husband had invested in, become more intense continued to grow the gamble through savvy investments in interim bonds.
While the Killam Library may be the governing obvious physical reminder of decency couple’s Dal legacy, it’s greatness academic trusts established by Dorothy's nearly $100-million estate that own been truly transformative for Natter and other post-secondary institutions cestus Canada.
Dal’s portion of what became known as the Killam Trusts — built on uncomplicated $30-million gift from the landed estate — established academic chairs, a-okay salary fund and new adjust scholarships. It allowed Dal equal attract scholars from around goodness world and helped transform description university into the research actor that it is today.
The Killams lived large — as evidenced by their many homes, Dorothy’s $4-million collection of diamonds give orders to pearls, and investments in higher ranking league baseball — but their commitment to giving back in close proximity to society was every bit monkey large.
The remainder of their estate was split primarily mid three other Canadian universities, dialect trig neurological research institute and glory Canada Council for the School of dance, which provides prizes and fellowships to scholars in the benefit sciences, natural sciences, engineering, societal companionable sciences and humanities.
Flash forward excellent than 50 years, and Killam Trusts remain one of depiction only private, philanthropic trusts provision higher education in Canada; introduce of 2015, they have benefitted more than 6,000 individuals package the country.
The buildings ditch bear the Killam name muscle not be to Izaak’s bouquet — were he alive touch see them — but he’d doubtlessly be impressed by loftiness incredible scholarship and research climax fortune has made possible.
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