RRC Works Campaign
What we’re doing is working. You can help us grow. Learn more about the College’s newest state-of-the-art projects; the Skilled Trades and Technology Centre, MotiveLab and the Innovation Centre, that will elevate the way students learn at Red River College.
Ways to Support
A major challenge facing many Red River College students is the ability to balance their studies with their role as parents, partners and employees. The cost of living and education costs are increasing, and financial support has become an integral part of helping students excel and achieve success.
The College focuses on strengthening student achievement from their initial contact with Red River College right through until graduation. Our donors are the difference for many of our students and there are many ways to contribute and fuel a student’s experience.
Scholarships and Bursaries
With your support, Red River College students who demonstrate academic achievement or other merit can be rewarded with a scholarship. New scholarships and bursaries may be established or contributions may be made to an existing one. The establishment of a new scholarship or bursary allows you to honour an individual, family or organization by naming an award after them.
By supporting scholarships and bursaries, donors provide students with recognition for achievements resulting in above-average outcomes and the financial resources required to complete their education.
Criteria in addition to, or instead of, academic standing and financial need may be applicable for an award. For example, donors may prefer that students have volunteer experience in a particular area or that they provide a one-page write-up on the meaningfulness of the award. Instructors may select award recipients based on leadership, creativity or a strong work ethic. A minimum GPA may also be a factor. The Development Office assists in determining the appropriate criteria.
Several generous donors have also established memorial awards, which include scholarships and bursaries that are handed out to deserving students.
RRC endowments are gifts of cash where the College invests the entire donation and only the interest is used to fund initiatives for the purpose established at the time the fund was initiated; anyone can add to the endowment fund at any time. Endowed gifts are ideal vehicles through which to make a gift today that has long-term impact on the College and our students. You receive a receipt for the full amount of your gift today, giving you immediate tax savings.
With the implementation of the College’s strategic plan, the focus is now on growth of a full development program in order to support the College’s vision and mission. A focus of the plan is to support the College’s triple bottom line: “People, Planet and Profits.”
The Development Office engages in special initiatives that support student awards, programs and development.
Student Refugee Program
World University Services of Canada’s (WUSC) Student Refugee Program (SRP) has enabled over 1000 refugees to settle in Canada as permanent residents and pursue post-secondary education. Every year, over 55 refugees enter Canada as permanent residents through the SRP and immediately begin their post-secondary education.
WUSC ensures the success of the program by facilitating the overseas selection of the refugees in cooperation with international agencies and the Canadian government, placing them at a Canadian university or college, and providing training and guidance to the Local WUSC Committees. Each refugee is sponsored by a campus-based WUSC Local Committee, which raises the necessary funds ahead of time and provides the student with at least 12 months of financial, social and academic support. Help support the start-up of a Red River College Local Committee and change a refugee student’s life today.
You can support this initiative by making a donation to the Student Refugee Program Fund. For more information, please contact Lauren Konrad at 204.631.3345 or firstname.lastname@example.org.
Youth in Care
Covering the costs of a post-secondary education is a challenging endeavor and, for youth growing up in the child welfare system, attaining a post-secondary education is all too often an unreachable goal.
Now, youth in Manitoba who grew up in the child welfare system have the opportunity to attend Red River College tuition-free. The Youth in Care bursaries remove one of many barriers that typically see less than five percent of youth in care pursue a post-secondary education.
Tuition will be fully covered by revenue generated from the College’s Youth in Care Bursary Fund and, when applicable, donations to the fund will be matched through the Province’s Manitoba Scholarship and Bursary Initiative (MSBI).
For more information, please contact Development Office at 204.631.3324.
Gifts-in-Kind to the College are critical in order to maintain quality programs and sustain infrastructure.
Additionally, Gifts-in-Kind support the College’s Mission. “Together, we learn, teach, challenge, innovate and find solutions to build a better future.”
Gifts of Securities
Securities you hold today may be transferred over to Red River College as a gift. The transaction is completed with the assistance of your financial planner and the College’s broker. It’s a simple way to make a gift today that may grow substantially in value well into the future. To initiate the transferring of securities that are marketable or easily converted to liquid assets, please contact your financial advisor.
Leave Your Legacy: Planned Giving
Making a financial gift to Red River College is a meaningful way to aid us in achieving our objective of guiding students to success through education. Help us create a learning environment that is meaningful and productive. Together, we can help Red River College students build their own future on a solid foundation of knowledge, skills and qualifications.
Making a planned gift is a particularly special way for you to contribute to the College’s goals, as your decision today will have a longstanding impact. Your gift will make a difference to our students and, as a result, will have an effect on the larger community in which we all live and work.
Planned gifts have a variety of tax advantages; the details depend on the specifics of the gift. As you consider your planned gift to the College, it is important for you to reflect on your own needs in relation to tax relief. Your needs will dictate the nature and timing of your gift to the College.
Planned gifts are greatly appreciated, but they can be complicated to understand and set up. The information provided by Red River College’s Development Office does not constitute legal or financial advice and should not be relied upon as a substitute for professional advice. Red River College encourages you to seek professional legal, estate planning and financial advice before deciding on a course of action.
Your dream is to make a difference…a big difference to Red River College. A gift of life insurance is an ideal way to make a significant gift to the College, regardless of your current financial circumstances. The most straightforward way for you to give your gift of life insurance is to name the College as the beneficiary of policy. Upon your death, the College will receive the value of the policy, and your estate will claim the tax benefits.
Alternatively, by transferring ownership of the insurance policy to the College today, you receive a tax receipt to apply to your current year’s tax return. If you are still paying premiums on the policy, you also receive donation receipts for the value of those premiums. Either way, an insurance policy can transition a modest gift today into a significant future contribution.
The most common type of deferred gift is a charitable bequest described in your will. Outlining your wish to provide Red River College with a gift from your estate is an uncomplicated way to leave a legacy for the College. Should you wish to change the details of your bequest, it’s a simple matter between you and your lawyer. You are in control of all the details.
A bequest to the College can be established with a sentence or two in your new will or a codicil appended to your current will. Your bequest may specify a sum of money, shares or another specific asset. Your estate will be entitled to a donation receipt for the full value of the bequest, which may significantly reduce the tax payable on your final income tax return.
Charitable Remainder Trust
You can establish a Charitable Remainder Trust by placing money into an irrevocable trust and naming Red River College as your beneficiary. Over the course of your life or for a designated time period, you (or you and your spouse) receive income in the form of interest earned by the trust. If your trust holds stocks and bonds, you will receive the dividends and interest, minus administration or trustee fees. The trust is terminated on your death and the principal sum is forwarded to the College.
Once the trust is established, you receive a tax receipt for the approximate future value of the trust. The receipt you receive will depend on the amount of your gift, your age at the time of your donation, any other income beneficiaries (for example, your spouse) and the current discount rate. A Charitable Remainder Trust provides you with income and tax relief today, while ensuring a permanent legacy to the College and savings to your estate on your death.
An outright gift of cash is a straightforward and significant way to make a financial contribution to Red River College. Your gift can go to work immediately, meeting current needs or you may wish to make your gift an endowed gift. This means the College invests the entire capital sum and only the interest is used to fund initiatives for the purpose established at the time the endowed fund was initiated.
Endowed gifts are ideal vehicles through which to make a gift today that has long-term impact on the College and our students. You receive a receipt for the full amount of your gift today, giving you immediate tax savings. To discuss the establishment of a Named Donor Endowment in memory or in honour of a loved one or in your own name, please contact Red River College’s Development Office at 204.632.3031.