Carleton University is proud to have one of Canada’s best student aid programs, and alumni and friends of the university make this continued success possible. Donors may choose to establish a scholarship, which recognizes academic achievement, or establish a bursary, which supports those in financial need. Donors may also choose to designate their award toward a specific department or academic unit.
Creating a named Non-Endowed (Expendable) fund
You may create a named expendable fund with a minimum investment of $5,000 payable over 5 years—for example, creating the Jane Smith Memorial Bursary for Music Students. A non-endowed award provides annual support to students.
Creating a named Endowed award
You may choose to establish a named endowment fund with a minimum investment of $25,000 to support undergraduate students or $50,000 for graduate students—for example, creating the Jane Smith Memorial Scholarship for Music Students. As an endowed fund, your award exists in perpetuity with the university, meaning you will help generations of young people succeed. An investment of $25,000 will make approximately $1,000 available each year to an undergraduate student, and $50,000 will provide approximately $2,000 per year to a graduate student.
Awards may be named in honour of the donor, or named to honour a family member, friend or favourite professor. Once it’s established, you’ll be kept informed annually about your student recipient and, whenever possible, you’ll receive a personal message from the student you’re helping.
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