Cdn. couple donates $60M fortune to Arctic prize

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Cdn. couple donates $60M fortune to Arctic prize

Postby oneh2obabe » Feb 1st, 2018, 1:05 pm

OTTAWA - A Canadian couple says their decision to donate $60 million -the bulk of their wealth - to a fund aimed at promoting Arctic innovation was inspired by a deep love for the Far North and the people who live there.

Seven years after founding the Arctic Inspiration Prize ( ), Arnold Witzig and Simi Sharifi are handing over what they say is their entire fortune to a trust fund that distributes millions of dollars every year to northern groups whose work improves the quality of life for their community members.

As immigrants to Canada going back more than 30 years, Sharifi said, the couple wanted to focus their philanthropic efforts on their adopted homeland and its northern Indigenous people, whose resilience and culture they deeply respect.

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