Student Awards
Help students achieve their goals
Supporting students directly is one of the most meaningful and memorable ways to give. One hundred percent of your gift will be given to one or more students that meet the criteria you’ve established.
Establishing a Student Award
Awards can be established and given out on an annual basis as long as the donor continues to give, or in perpetuity through the creation of an endowment fund. Donations to awards can be given through the traditional giving channels—through cheque or credit card, a gift of stock or bonds, or through a bequest in a will.
If you are considering establishing an award at UFV, then let’s start by looking at the two ways that an award can be funded – either annually or through an endowed award:
Endowed award: an award that is funded annually (in January) by income generated from funds that have been invested, or endowed, into UFV’s Endowment fund. UFV Board of Governors oversees the investment in conjunction with a professional investment firm for a guaranteed 4% rate of return. The minimum investment required for an endowed award is $25,000 and it takes one year before it can be awarded (in order to generate returns). For example, $25,000 generates $1000 annually. This type of award is reviewed every ten years, but lives on at UFV in perpetuity!
There are three types of awards at UFV: scholarships, leadership awards, and bursaries. They are defined as:
Scholarships are monetary awards that recognize academic achievement and assist recipients with the cost of continuing their education. These merit-based awards are granted to undergraduate and graduate (post degree) students who maintain a minimum of a 3.5 GPA.
Bursaries are monetary gifts provided to students to assist them with expenses incurred while pursuing an academic program. Financial need is the primary consideration in the selection for bursary recipients. Recipients must have a minimum 2.0 GPA.
Entrance Scholarship Awards are monetary awards or tuition fee credit presented to students who are enrolling at UFV in the academic year immediately following their high school graduation. The selection of recipients for these awards will be based on factors such as academic excellence, community/school involvement, volunteer experience, and leadership endeavours. Students apply for these awards and recipients are selected by the UFV Student Awards Operations Committee or their delegates.
Scholarship and leadership recipients are selected by the UFV Awards committee or their delegates, as set out by its terms of reference. Bursary recipients are determined by the Financial Aid and Awards department.
Please contact the Relationship & Fund Development office at giving@ufv.ca, 604-854-4595.