Founded in 1988, the Loran Scholars Foundation identifies and supports promising young Canadians who demonstrate character, commitment to service in the community and leadership potential. Each Loran Scholar receives a renewable undergraduate scholarship valued at $100,000 over four years, including mentorship, funding for summer internships and tuition waivers from our 25 partner universities. As a privately funded charity, we are fortunate to benefit from the support of several hundred donors and volunteers throughout Canada, the United States and the wider world. More than 91% of our alumni have given back to the foundation. * Financial Post Top 25 Charity of the Year (#1 in Education) Formerly known as the Canadian Merit Scholarship Foundation, the Loran Scholars Foundation changed its name in 2014.