Gift of graduates of University College and other friends of the late Professor Malcolm Wallace, former principal of University College and head of the Department of English The award has a value of approximately $2,000 cash with a total possible value of $4,000, for excellence in any subjects or for general proficiency. The scholarships include tuition allowance of $500 per year which is renewable with an annual grade point average of at least 3.50 on a course load of 4 full course equivalents (FCEs) from September to September.