Calgary's 'Doc' Seaman makes history with $117M donation

The Calgary Foundation received $117 million from the estate of the late Daryl(Doc) Seamana legendary oilman, rancher and philanthropist.

Seaman died four yearsago, but hewill go down in the record books with this giftas the largest ever given to a Canadian community foundation.

The foundation has known about the gift since 2009.

"Many of Doc's family and colleagues were saying, 'Hey, isn't it timewe give a very humble man some well-deserved recognition," said CEO Eva Friesenabout why theymadethe announcement Wednesday.

Friesen says the donation will translate into more than a billion dollars over the yearsmore than10 times the original gift.

"This gift made to endowment trusts and ensures that leaders of the daywho know the needsof the day will give the gifts and the grantsto the organizations that mostneed it," she said.

"It ensures that there is an impact of this philanthropy that lasts forever."

She says the money enables charities in Calgary to do things they have never been able to before.

The Calgary Foundation says sustainability, poverty, mental health and education in aboriginal communities are some of the areas this money will help support.