Wallace McCain, former St. Thomas University President Michael Higgins, Margaret McCain, and former New Brunswick Lieutenant Governor Herménégilde Chaisson at the opening of McCain Hall in April 2007.
Following the death of Wallace McCain, President and Vice Chancellor Dennis Cochrane issued a statement on behalf of the St. Thomas University community.

“It is with great sadness that we have learned of the passing of Wallace McCain. His business accomplishments and his contribution to building the economy of our province are very well known. His philanthropic contributions have had an equally significant impact on enriching the educational and cultural life of New Brunswick.

Both he and Margaret were a friend to St. Thomas University and our students, both from their individuals contributions and through the Margaret and Wallace McCain Family Foundation. For initiatives large and small, they supported our goal of educating and enriching the lives of our students. They provided financial support for the McCain Family Research Award for our faculty and for the Dalton Camp Endowment which supports guest lectures, student internships and student bursaries.

Our signature Margaret Norrie McCain Hall, generously supported by Wallace and Margaret, has completed our upper campus. The award-winning building houses classrooms, seminar rooms, faculty offices, and research offices as well as the O’Brien Study Hall and the Kinsella Auditorium. Our students treasure the building because they recognize how it has improved the quality of their education. It a lasting and fitting tribute to Wallace McCain’s generosity.

On behalf of St. Thomas University, I want to offer the condolences of our university community to Margaret and her children. I also want to offer my personal condolences to Margaret.

The McCains are in thoughts and prayers at this time of profound loss.”