Creating a named fund through the Neuchâtel Junior College Fund is an enduring gift that enables donors to leave a personal legacy. It's also a meaningful way to honour family and friends while sharing your philanthropy with bright young students for generations to come.
A gift to the endowment, carefully articulated, will give you the satisfaction of knowing that your charitable priorities will continue in perpetuity. For example, should you establish a named scholarship, you can be assured that your legacy will carry on rewarding intellectual achievement in our students. If your interest lies in giving opportunity through financial aid, your donation will ensure that qualified students will be afforded opportunities that they would otherwise not have.
With a named fund, you create a permanent tribute to not only your values, but also to your family and/or whomever you honour with your Fund.
Endowment gifts are often the largest contribution of a donor’s giving history and represent the culmination of their life’s work and achievements. Donors often receive great pleasure from making a significant contribution from assets accumulated over their lifetimes, when the donation is made in support of a meaningful program at a school that has meant so much.
Not only will you benefit from the knowledge that you have contributed to the education of future students, but as with all donations in the form of cash or appreciated securities, your gift will produce immediate tax benefits.
Benefits to Neuchâtel Junior College
Contributions to the endowment provide NJC with a substantial advantage in the form of predictable ongoing income. Because a Fund is invested as part of a pool of money, the income from the interest offers us a predictable source of funding that we can count on in years to come.
How our Endowment Fund is Maintained
A well-managed endowment sends a message of fiscal responsibility, organizational stability and conscientious long-term planning. It also enhances our prestige and credibility as a worthy recipient of philanthropy while helping to attract the best and brightest students.
Donor investment in our endowment is protected by a policy of responsible investment and a conservative disbursement formula, which preserves the principal of your investment.
How to Establish a Named FundStep 1: Establish an endowed fundEndowed Scholarships, Bursaries and Campus Maintenance Funds
Endowed funds may be created with a minimum donation amount of $50,000, contributed in full at the outset or with an initial commitment of $10,000 that is added to yearly with equal instalments until the endowment level of $50,000 is achieved. The principal of the fund is invested to produce income, and an annual disbursement will be made to the school for the use intended by you. The principal remains untouched, and the endowment provides income for the school in perpetuity.
Step 2: Establish Fund Criteria
As the primary donor, you choose the name of your Fund and are invited to help refine the criteria for awarding it. In general, our scholarships are awarded on the basis of leadership potential, personal merit and academic achievement. Bursaries are offered to students who qualify for financial aid, which is determined by Apple Financial Services, our party financial advisor. However, you may wish to refine the criteria to consider limitations such as geographic area or academic focus.
Funds established in support of campus and infrastructure improvements may be directed to the maintenance of a particular building or to a specific ongoing cost determined by the Head of School, should a donor wish.
A range of naming opportunities are available to individuals, families and foundations contributing to the endowment. Such contributions enable donors to pay tribute to their relationship with the campus on a more substantial basis.
The Director of Advancement is available to help you to establish the criteria for your fund and will produce a Term Sheet outlining your expectations. Once approved, a donor contract outlining the terms will finalize the establishment of your fund.
Step 3: Administration of Scholarship Funds
Neuchâtel Junior College’s Bursary and Scholarship Committee carefully reviews applications submitted by students each year and selects the most deserving recipient(s) based on the criteria, approved by you.
The lead contributors of each Fund will be notified annually when the recipients have signed their award or bursary agreements. Donors are notified of the name and hometown of the recipient, along with some detail of the recipient’s accomplishments and interests. You will also be informed of the amount of the award or bursary and progress of the fund. Donors will receive a thank you letter from a scholarship or bursary recipient each year and in some cases, it may be possible to arrange for donor and recipient to meet at one of our autumn recruitment events.
If you have questions or require further information, please contact the Advancement Department at 1.800.263.2923 ext. 223