When it was created, Mr. Rock, as the responsible minister, characterized it as analogous to the Canadian Rhodes scholarship. I don't think it has gotten to that level yet, but on the other hand, it is a big whack of money. It allows the Ph.D. students to do research that they wouldn't otherwise be funded for.
Let's put this in context. The granting councils, like NSERC, SSHRC and the Canadian Institutes of Health Research, CIHR, do a lot of funding. They are very well endowed to do a lot of funding, although not well endowed enough, I would say, in my current capacity.
I just bumped into a former teaching assistant of mine yesterday who's doing a SSHRC grant where he got $5 million to do research on this question of polarization and the integrity of elections. It's relevant, Mr. Sidhu, to your questions.
We need to have that money coming from the granting councils. It is incredibly valuable to have independent funding that comes from other sources. These foundations, whether it's the Ivey Foundation, the McConnell Foundation, or the Kahanoff foundation—there are many—are great sources for promoting independent research by very good Canadians.