Endowed funds are never spent: they are invested. It is the earnings from these investments that go to help the programs you choose to support. That means each gift designated for endowment provides permanent financial support for the College.
Naming an endowed fund for a person or organization you wish to honour is meaningful and long-lasting way to leave a legacy.
The funds generated from the interest on endowment investments are generally used for a specific and designated purposes. It is possible to top up or build on existing endowments whenever you wish. If you have a question about making a gift to an existing endowment, please contact us at 416-415-5000 ext.3721.
What is an endowed gift?
An endowment is a cash donation with the stipulation that it be invested and the principal remain intact in perpetuity. Your gift of $10,000 or more can establish a named scholarship and you will received a tax receipt for the full amount of your endowment fund contribution.
How does an endowment help students?
George Brown College awards annual scholarships from the interest generated by endowed gifts. Endowments can be directed towards particular programs or student groups, as designated by the donor and the Foundation.
What do I call my endowment?
Endowments can be named in recognition of you, or you may choose to name your endowment in honour or in memory of a family member, colleague or friend.
How is the award given out?
When you establish an endowment, criteria for disbursement will be developed in consultation with the Foundation. The criteria reflects the nature of the scholarship, however we ask donors keep such criteria general to ensure a scholarship can be presented each year. George Brown faculty members then select student award recipients based on your criteria.
To view a complete list of endowed scholarships, please click here.
For more information about setting up an endowment fund, please contact:
Ana Maria Faria
Director of Development and Communications George Brown College Foundation
416-415-5000, ext. 3721m