The Foundation is a charitable public educational trust providing financial support to the College for the preservation and development of the buildings and endowing scholarships and bursaries to students. All contributions are tax deductible.
Prospective donors to the Foundation are encouraged to seek independent legal advice about the form which their gift should take. The following forms of bequest are offered by way of general guidance:
Bequest for the General Purposes of Grace College
I give $ … to the Grace College Foundation upon trust for the charitable purposes of Grace College and I declare that the receipt of an authorised officer of the College shall be an absolute discharge for my trustees who shall not be liable for the application of those funds.
Bequest to Establish a Bursary
I give $ … to the Grace College Foundation upon trust for the establishment and maintenance of a bursary to be awarded annually to the resident of Grace College who attained the highest level of achievement in University courses in the field of … during the preceding academic year and I declare that the receipt of an authorised officer of the College shall be an absolute discharge for my trustees who shall not be liable for the application of those funds.
Donors who wish to establish bursaries should bear in mind that not all academic disciplines are necessarily represented in College in every year. Therefore, donors are encouraged either to specify the field of study in broad terms (e.g. health sciences, humanities) or to nominate two or more alternative fields of study (e.g. English literature, foreign languages or history). Donors are invited to contact the Principal to discuss the particular needs of the College in relation to bursaries.
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