It’s that time of the year…

Submitted by the Revelstoke Community Foundation

It’s that time of the year…

High school graduation is the time when most scholarships are awarded in our community. Scholarships are a wonderful way of assisting students with the costs associated with post -secondary education.  A scholarship or bursary is an award of money to a student to assist with their education.  They are generally awarded on criteria established by the donor.  Scholarships can be funded by businesses, individuals, families, organizations and service groups.  The majority of scholarships are merit, needs, career or student specific based.

Donors can fund scholarships either directly on an annual basis or they can contribute to a scholarship endowment fund with the foundation.  The advantage of establishing an endowment is that once you have sufficient capital in the endowment fund, it will provide the scholarship to recipients in perpetuity.

Revelstoke Secondary School awards approximately 92 scholarship and bursaries each year and the Revelstoke Community Foundation provides funding for 41 of those scholarships.  Five new scholarships were established with the foundation over the past year.  The total capitalization of scholarships held by the Revelstoke Community Foundation is now over $400,000.  This will provide in excess of $20,000 in scholarships being available annually for RSS students.

A scholarship is a fabulous way to support our graduating students and give to the community.  It has the potential to “keep on giving” when a scholarship endowment is established with your local community foundation.