Dara Stephenson | Nov 29, 2016
The Education Foundation of Niagara (EFN) has created two new endowment funds to help students in need access post-secondary education.
Beginning in 2017, The Education Foundation of Niagara Bursary Fund for DSBN Students and The Education Foundation of Niagara Bursary Fund for DSBN Academy Students will each yield one award to a qualified student who demonstrates financial need and who is a first generation student, meaning their parents did not complete a post-secondary education. The funds were established through general donations to the Foundation and are being managed by the Niagara Community Foundation. Now seedling funds, the intention is to grow the base amounts in order to generate more and higher annual bursary amounts in future years.
“Even with the Ontario government’s recent announcement to make post-secondary education more accessible, many young people in the Niagara Region still face financial barriers to education due to school related costs,” said Cindy Paskey, Education Foundation Executive Director. “These endowments present a wonderful opportunity for an individual, or a business or service group to encourage the career ambitions of Niagara’s youth. Donors can leave a legacy in various ways.”
Options for giving include a donation of any amount to either of the two existing funds, or the creation of a named fund within either one with a donation of $5,000. Brock University students did just that, creating The Brock Leaders Citizenship Society Fund, which is part of the bursary fund for DSBN Academy students. A gift of $25,000.00 lets donors create and set the terms of a named endowment that will provide one student with a minimum annual bursary of $750.00, which will go a long way toward meeting need.
Paskey noted that the funds also offer long-term societal benefits. “The link between education and better health and economic outcomes for citizens is well-established,” she said. “We are working to improve the post-secondary graduation rates in the region and to support Niagara’s efforts to retain young people. Support for education at its earliest stages is an investment in the future prosperity of the region as a whole,” she added.
“These new funds, which we hope to grow substantially over time, will help level the playing field for students by addressing the financial barriers to post-secondary education,” said Darrell Neufeld, Chair of the Education Foundation Board of Directors. “Our vision is to ensure students and young people can take advantage of available educational opportunities.”
About the Education Foundation of Niagara
The Education Foundation of Niagara supports District School Board of Niagara students by engaging the community to provide needed funds and resources where government funding is not available including support for basic necessities, extra-curricular activities, awards, bursaries, educational programs and innovative community initiatives such as Prom Project Niagara. The Foundation is a community partner participating in the Legacy Partnership Program offered by the Niagara Community Foundation.
About the Niagara Community Foundation
Created in 2000, the Niagara Community Foundation has raised more than $28 million in endowment funds, where the capital is invested, and has granted more than $8 million to charities working in the arts, heritage, environment, social services, health, education, recreation and community development. The Foundation is fully accredited with Imagine Canada’s Standards Program, which is designed to strengthen public confidence in the charitable and non-profit sector.
Education Foundation of Niagara
191 Carlton Street
St. Catharines, ON L2R 7P4
Phone: 905.641.2929 x37711
Link to Education Foundation of Niagara endowment fund video:
Our vision is a community where every student has access to all of the enriching opportunities school life offers.