Scholarships at NCC
A scholarship is a grant or payment made to support a student’s education, awarded on the basis of academic or other achievement. NCC internally funds four types of scholarships for students attending our school: Academic, Music/Art, Community Service and Athletic.
Other unique scholarships are also awarded which reflect the values and purpose of donors or founders of the scholarship. These types of scholarships can be created to either help the student pay for their education at NCC or to help pay for postsecondary education. Anyone can give to either NCC’s general scholarship fund or work with NCC to create a scholarship with specific criteria.
Scholarships are important for students who attend NCC, as approximately 20% of our students receive scholarships to help them fund their education. Being able to offer scholarships helps NCC maintain a strong presence academically, compete in athletics, excel in the arts and attract young men and women of character to our school.
For more information on supporting the NCC scholarship fund or creating a custom scholarship, contact Scott Herron at: [email protected] or call: 905.651.8374 .
What is an Endowment?
An endowment is a charitable gift that is invested and managed in a way that allows the gift to provide a revenue stream to NCC while maintaining the purchasing power forever. Large endowments simply create long-term stability and have a tremendous impact on strengthening academic quality.
How are Endowments Created?
Endowments may be created through a one-time or on-going financial gift, or they can be established through an estate gift when someone passes away.
Who Can Give an Endowment?
Anyone can give a gift to go towards any endowment. Typically an endowment start-up amount is $5,000. That's approximately $85 per month for 5 years.
What do Endowments Pay For?
The majority of NCC’s endowments create income used for student scholarships. An endowment can also be created to fund campus renovations and upkeep. A good example of this is a recent estate gift, given by the Fisher family, which was used to renovate the former snack bar. We have completely renovated this building with the funds from the estate and created an endowment for the upkeep of the Fisher Memorial Conference Room.
Endowments are a great way to leave a legacy for yourself or a loved one.
For more information on creating or funding an endowment, contact NCC President and CEO, Scott Herron, at [email protected] or 905-651-8374 .
A capital campaign is an action plan, typically undertaken by a non-profit organization, to raise a large, specified sum of money over a given time period. Capital campaigns are most often associated with significant purchases of land, buildings and major equipment, but organizations have also initiated capital campaigns for major renovations and normal budgetary items. The money is often raised through constituent donations and public fundraising events for a cause deemed worthy by the organization and the donors. The heart of any capital campaign reflects a passionate, determined vision for the future.
As a private Christian school in Ontario, NCC does not receive any government funding, nor does it have extensive endowment funds to subsidize operations or capital projects. Most of the school’s annual income comes from tuition and residence fees, and this income is budgeted to cover the yearly operation of the school. Less than 1% of the annual budget comes from donations, and unless otherwise specified, donations are applied to student aid or to campus improvements.
We believe that NCC is meaningful, effective, and fruitful in the lives of our students. To accomplish our mission, the school must continually raise funds to keep its facilities attractive and equipment relevant to the students we educate and care for. This is why your donations given to a capital campaign at NCC have been, and will continue to be so valuable in driving the mission and vision of NCC forward.