Huron University is getting a $10-million donation from Fairfax Financial Holdings Limited to establish the Fairfax Centre for Free Enterprise.
“We are making a statement: that we believe in Canada, and that it can be the land of opportunity for everyone, and that the free enterprise system that has helped to make the country what it is today should be recognized, maintained and cultivated for the benefit of all Canadians. We believe that Huron University can help lead a revival of the entrepreneurial spirit that is key to our shared future,” said Prem Watsa, chairman and CEO of Fairfax.
It is a full circle moment for Watsa as Fairfax is a Canadian story. An immigrant who was welcomed into this country 52 years ago and managed to build an incredibly successful company in a country built on the free enterprise system that allows people and businesses to prosper.
From his humble roots in India to immigrating to Canada as a student with eight dollars in his pocket to building Fairfax into a multi-billion dollar global business, Watsa noted that he feels compelled to help raise up the next generation of emerging innovators and entrepreneurs.
Huron University officials said they are over-joyed by this tremendous opportunity and what it means for students.
“This is a truly groundbreaking initiative. Establishing the first Centre in a Canadian university dedicated to the study and promotion of free enterprise, Huron will play an important role at a crucial time in our nation’s history,” said Dr. Barry Craig.
The donation aligns with the vision, philosophies and values essential to the success of Fairfax in Canada and abroad.
Watsa said is confident in Huron and their track record of optimizing corporate investments for the greater good.
Planning is underway to officially open the Fairfax Centre for Free Enterprise at Huron University in September, 2025.
