When you establish a scholarship, bursary, or award at Holland College, 100 per cent of your contribution goes directly to students. Academic achievement, leadership, program of study, financial need, community service – whatever inspires you, we will work with you to develop criteria that will be meaningful to you, your organization, or your business. Many of our donors are surprised to learn that they can transform a student’s life and establish a scholarship, bursary, or award for as little as $500 a year!
Scholarships are awarded to students based on academic merit but may take other factors into consideration, such as extracurricular involvement, leadership, or nomination by a faculty member. Bursaries are primarily intended for deserving students who demonstrate financial need. Awards are often a combination of many criteria, which may include financial need, academic merit, demonstration of leadership or community involvement.
The establishment of a new scholarship, bursary, or award not only contributes to student success, but it also allows you to honour an individual, family, or organization by naming an award after them. Some of our donors choose to honour someone special, to memorialize a loved one, to celebrate their family name, or to recognize their business or organization.
Many donors choose to provide the funding on an annual basis. For a minimum commitment of $500 per year for five years, you can establish a named, annually funded award.
You may want to see the scholarship, bursary, or award that you establish funded in perpetuity. Endowments are permanently invested and managed by the Holland College Foundation, and generate interest. Awards are distributed through a payout currently equivalent to 4.8 per cent each year. A minimum investment of $10,000 is required to establish an endowment.
Gifts of any amount are always appreciated. For those who wish to make a gift in support of student financial aid without the commitment of establishing a named award, there are meaningful options available.
In lieu of establishing a new named award, contributions can be made to our General Scholarships and Bursaries Fund.
The Emergency Bursary Fund helps students facing unforeseen financial challenges.
This fund is for those who wish to make contributions in memory of loved ones.
In addition to the personal satisfaction you will derive from making a gift, the Holland College Foundation proudly recognizes and celebrates its donors in various ways, and there are tax benefits as well.
In general, individual donors receive federal tax credits equal to 15 per cent of the first $200 given to registered charities in a taxation year and 29 per cent for amounts in excess of $200, up to $200,000. Provincial tax credits also apply, providing a significant combined tax benefit.
To learn more about making a gift contact us at foundation@hollandcollege.com.
