Endowment Gifts

Endowments are a permanent source of student support. Annual interest earned by investing your gift flows to the recipient who is selected to receive the award through a rigorous process. In an endowment, the original gift is protected, providing a long-term source of funds to support tomorrow’s leaders and scholars.

The value of the award presented to a student represents 3 percent of the value of endowed funds. An endowment of $5,000, for example, will provide an annual student award of $125. This policy ensures the endowment fund remains a viable source of student aid despite fluctuations in interest rates over the years.

In the event that we are unable to identify an appropriate recipient for a scholarship or bursary, the value of that award will return to the general endowment fund.

A gift establishing a named endowment with Selkirk College is irrevocable and becomes the sole possession of the College. In cases where disbursement criteria can no longer be met, the College maintains the right to adjust disbursement criteria or reallocate principal to ensure the furtherance of the college’s purposes and to address the changing needs of Selkirk College and its students.

Named Endowment Funds

Selkirk College will recognize your contribution by permanently naming an endowment fund for gifts of $2,500 or more. You may pledge your gift to the College over a period of up to five years. Please note, however, that student awards will not be granted until the endowment reaches a minimum level of $2,500.