This is the beginning of the year, where we prepare our financials from the year before for audit purposes.
The board of trustees approves the funds to be disbursed for the year.
Students who received scholarships and bursaries in the previous year receive their T4As for tax purposes.
The audited financial statements and annual report are released.
Fund holders are notified about their funds status including the amount of interest earned, the amount deducted for administration and the amount available for disbursement (all based on the previous year’s earnings) specific to the type of fund they hold. Fund holders are notified through mail unless otherwise specified.
Scholarship and bursary applications are made available.
Scholarship and bursary applications are marked and winners are determined.
The Annual General Meeting is held and is open to donors.
The scholarship and bursary reception is held to celebrate the winners. This event is open to the winners, their families, and the donors.
Grant applications are made available for charities.
Grant applications are due back to the Foundation for marking.
The successful grant applications are chosen and the charities are notified.
Successful students who have submitted the necessary information receive their cheques.
The grant reception is held on Giving Tuesday to celebrate the winners. This event is open to the winners (up to two individual from the organization) and the donors. Winners receive their cheques at this event.
The financial year end occurs for the Foundation.