Ignat Kaneff was a Bulgarian-born Canadian business magnate and philanthropist.
Biography
Ignat Hristov Kaneff was born on 6 October 1926 in Gorno Ablanovo, Bulgaria. He was one of six children in the family of Hristo and Mita Kanevi. He could not afford to complete school, and left Bulgaria at the age of 14, moving to Austria to look for employment. Starting in March 1941, he and a few friends worked for a Bulgarian company that traded in agricultural products. In 1951 he quit work in Austria, and emigrated to Canada with his wife, Dimitrina Kaneff. He settled in Toronto and started working in the construction business. Originally, he built small houses for newly arrived immigrants. Five years later, in 1956, he founded his first construction company. The next year, his company constructed its first large building – three floors with nine apartments. Ten years later, the company built its first high-rise building, with 262 apartments. Subsequently, the company's annual revenue reached more than 250 million dollars. During his career as a building contractor, he built thousands of houses, many public buildings, and high-end golf facilities. He was also involved in the car trade. He became a General Motors dealer, becoming successful enough to be invited by the president of the company to dinner in Detroit. He was the owner of six golf courses and a large construction company in Canada. He was the managing director of a charitable foundation bearing his name. His wealth at the time of his death was estimated to be over $1 billion. He owned 7 Apartment Buildings, over 5 Golf Clubs and had an empire of real estate properties across North America from condos to houses, to strip malls and plazas. He was the Honorary Consul of Bulgaria in Canada. Ignat Kaneff died on 12 July 2020.
Philanthropy
Kaneff made grants primarily for health and educational purposes and to promote the Bulgarian Orthodox Church. He made his first major donation in 1955 for a hospital in Toronto. He donated land and over $1 million for construction of the St. Dimitar Bulgarian Orthodox Church in Brampton. In 2009, Kaneff donated $2.5 million towards the reconstruction of the Osgoode Hall Law School at York University in Toronto; the building was named after him. In 2012, he gave $1.5 million, about half the total amount necessary, for the construction of a modern conference complex named after him, the Kaneff Centre, at Ruse University in Bulgaria. The Kaneff Centre was officially opened on 10 October 2013.
