\"Canadian publishing company McClelland and
Stewart was donated by owner Avie Bennett to the
University of Toronto. Bennett is donating 75% of the
company\'s shares to the university. The remaining 25%
was sold to Random House.
U of T President Robert Prichard says the publisher will
be completely independent and will have no
relationship with the University of Toronto Press. Any
income received from ownership of the shares will be
used to fund an endowment in support of Canadian
writing and culture.\"