Donor Services
The NIC Foundation places a high value on relationships and providing
exceptional donor services. We believe that transparency and accountability
are essential to our success and that our donors are entitled to the
greatest impact possible for their investment.
Our Commitment to Donors
North Island College and the NIC Foundation appreciate your contribution
to our students' success and will work closely with you to ensure that your
support is appropriately recognized and that your wishes are honoured. It is
our responsibility to care for all the gifts that we receive in a way that
respects the intentions of our donors. Furthermore, we value effective
communication with the ultimate goal of enjoying lasting relationships with
all of our donors.
Endowment Fund Statement
Each spring, the Foundation mails endowment fund statements to donors.
The statements show the accumulated amount of the endowment, including
donations and other contributions as well as the totals of accumulated
earnings and student awards issued.
Annual Award Confirmations
Donors of annually funded awards receive a letter in the fall inviting
your participation in the coming year's Awards program. Donors are asked to
confirm by December 31 and forward their annual award cheque to the NIC
Foundation by March 31.
Award Recipient & Reception Information
Donors of both endowed and annually funded awards receive written
notification of the name(s) and program of award recipients along with an
invitation to attend one of our annual award receptions, which are held in
September each year. Thank you notes from the student(s) are mailed to
donors shortly after each reception.
Privacy
The NIC Foundation respects your right to privacy and does not share
information with outside organizations.
Our Donor Promise
To ensure that donors have confidence in our organization, the NIC
Foundation adheres to the following Donor Bill of Rights
from the Association of Fundraising Professionals .
Philanthropy is based on voluntary action for the common good. It is a
tradition of giving and sharing that is primary to the quality of life. To
ensure that philanthropy merits the respect and trust of the general public,
and that donors and prospective donors can have full confidence in the
nonprofit organizations and causes they are asked to support, we declare
that all donors have these rights:
- To be informed of the organization's mission, of the way the
organization intends to use donated resources, and of its capacity to
use donations effectively for their intended purposes.
- To be informed of the identity of those serving on the
organization's governing board, and to expect the board to exercise
prudent judgment in its stewardship responsibilities.
- To have access to the organization's most recent financial
statements.
- To be assured their gifts will be used for the purposes for which
they were given.
- To receive appropriate acknowledgement and recognition.
- To be assured that information about their donation is handled with
respect and with confidentiality to the extent provided by law.
- To expect that all relationships with individuals representing
organizations of interest to the donor will be professional in
nature.
- To be informed whether those seeking donations are volunteers,
employees of the organization or hired solicitors.
- To have the opportunity for their names to be deleted from mailing
lists that an organization may intend to share.
- To feel free to ask questions when making a donation and to receive
prompt, truthful and forthright answers.
Accountability
The NIC Foundation welcomes your interest in our financial operations and
priorities. The Foundation's financial statements are audited annually by an
independent audit firm in accordance with the Canadian Accounting Standards
for not-for-profit organizations.
Financial Statements
North Island College Reports
North Island College provides a range of informative publications which donors and community members can readily access online: www.nic.bc.ca/publications.
Let us know what information you need or what questions you have, we're
always available to help. Call 250-334-5074 or email
foundation@nic.bc.ca.