The purpose of this fund is to support costs associated with the Carty Chair in Business and Financial Journalism which was established in order to meet a growing demand for more journalists trained to interpret, explain and clarify issues and affairs of finance and commerce.

In 1945, what is now the Carleton University School of Journalism and Communication was founded on four essential priorities, one of which was that education in journalism must provide “”specific knowledge of social, fiscal, industrial and political problems.”” Journalists, in short, should know their subject matter. Over more than 80 years, the School has earned a reputation for the quality and responsibility of its graduates. Even without a specific program designed to train business journalists, out alumni have gone on to careers as senior, respected business and financial journalists. While Carleton has produced many of Canada’s leading business journalists, at the time the Carty Chair in Business Journalism was established, there was no concentration in business journalism, nor a specialization of this kind in Canada.

Through the generous support from E. Bower Carty, the Chair was created to oversee the creation of a specialization in Business and Financial Journalism within the School, ensuring that in the future Carleton graduates are as literate and knowledgable in financial matters as they are in political and social issues.