Trucking Magnate Donates $80 Million to University

Dec. 18, 2003
Michael DeGroote, who, in 1959 bought Laidlaw, a small trucking company and transformed it into a multinational trucking and waste-haulage giant, gave US$80 million to Ontario’s McMaster University's medical school on Wednesday. The money will be divided into a $30-million capital fund for buildings, outfitting laboratories and hospital units, and a $50-million endowment fund. McMaster president Peter
Michael DeGroote, who, in 1959 bought Laidlaw, a small trucking company and transformed it into a multinational trucking and waste-haulage giant, gave US$80 million to Ontario’s McMaster University's medical school on Wednesday.

The money will be divided into a $30-million capital fund for buildings, outfitting laboratories and hospital units, and a $50-million endowment fund.

McMaster president Peter George called DeGroote's donation an "historic gift" not only for the university and the Hamilton community but for all of Canada. The philanthropist's earlier gifts went to the university's business school, the McMaster Museum of Art, epilepsy research, literary criticism and the new student center.

DeGroote, a Hamilton native who now lives in Bermuda, sold Laidlaw in 1988.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!