ANU have published a video explaining their new scholarship program:

The Tuckwell Scholarship program at The Australian National University (ANU) is the most transformational undergraduate program in Australia.

Launched in February 2013, the Scholarship program is funded by a landmark $50-million gift to ANU by alumnus Graham Tuckwell and his wife Louise.

Each year, 25 new Tuckwell Scholars will receive $20,000 per annum for up to five years for expenses such as accommodation and living costs.

The Tuckwell Scholarships are open to school-leavers from around Australia and apply to undergraduate degrees across all disciplines at ANU.

For more information, visit http://tuckwell.anu.edu.au

If you’re curious here are the Tuckwell’s bios from the Tuckwell foundation website:

Graham Tuckwell

Graham Tuckwell is an alumnus of ANU (BEc Hons 1978 and LLB 1981). He is the founder and Chairman of ETF Securities Limited (ETFSL), a leading issuer of Exchange Traded Products in Europe, the USA and Asia-Pacific, with approximately $30 billion in assets making it the seventh largest ETP firm in the world. He invented the concept of exchange trade commodities when he launched Gold Bullion Securities in Australia in 2003. Prior to establishing ETFSL, he was involved in corporate advisory and investment banking for 20 years in Australia and London, working with Investor Resources Limited (a firm he founded), Salomon Brothers, Normandy Mining, Credit Suisse First Boston and Schroders. Graham’s first job was working for Dr Vince FitzGerald as an economist in the Department of Prime Minister and Cabinet in Canberra.

Louise Tuckwell

Louise Tuckwell (née Wright) is an alumna of the University of Queensland (BDSc 1984) where she was awarded a University Medal. Louise worked as a dentist for a number of years in Australia and the UK. She completed the first year of an MBA at the University of Adelaide before putting her energy into bringing up a family of four children, coping with three international moves and a husband who was always travelling. She is passionate about education, especially in music, and has always taken an active role in school life on a voluntary basis. Volunteer roles have included participation in various school committees and church activities.

Apparently the plan is the rival in time the Rhodes Scholarship.