Establishing a named endowment or student award is a wonderful way to pay tribute to an individual on a special occasion (e.g., retirement, anniversary, or birthday) or to create a memorial to someone’s life. Joe’s family, friends and colleagues collectively raised the funds for this endowment and their endeavours were matched through the support of the Ontario Trust for Student Support (OTSS).
The Joe Abes Memorial Fund was established in February 2006 in tribute to an outstanding professor, colleague, and George Brown College alumnus, the late Joe Abes. Read more...
When you create an endowment, the annual interest generated on the principal is used for student scholarships. Where eligible, matching funds from government or corporate programs are added to the investment to increase the size of the endowment. You can create an endowment by making a lump sum contribution or by undertaking an appeal to a wider donor base to build an endowment. You can add to the base amount of the endowment at any time.
An endowment must generate interest for a full year before disbursements can begin. To ensure that annual awards are of a specific value, you can make an annual donation to top-up the amount presented. The principal in an endowment is never expended, so a tribute or memorial endowment ensures that awards are presented in perpetuity.
You can also choose to establish a multi-year student award, to be presented annually according to criteria that you establish.
Contributions to endowments and student awards are charitable and you will receive a tax receipt for the full amount of your gift. Donor representatives are invited to participate in the presentation of the annual student award. The GBC Foundation charges no administration fee, so your total contribution value goes toward your endowment or student award.
GBC faculty select student award recipients based on criteria established in endowment or award agreements.
We will work with you to develop criteria in keeping with the spirit of a tribute or memorial contribution; however, you are asked to keep criteria general to ensure an award can be presented each year.
For more information, please contact:
Chief Development Officer
George Brown College Foundation
416-415-5000 ext. 2747