Donor Services
The NIC Foundation places a high value on relationships and providing
exceptional donor services. We believe that transparency and accountability
are essential 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.
Financial Reporting
Endowment holders are sent endowment statements annually. The statements show the accumulated amount of the endowment, including donations and other contributions, as well as the allocation of investment income available for new awards to students in accordance with the NIC Foundation investment policy.
Impact Reporting
Donors of both endowed and annually funded awards receive notification of the name(s) and college program of award recipients. Most students write thank-you notes and their gratitude is sent to donors. There are some students who like to share their personal story and we look for opportunities to engage these students so that our community understands the impact of their giving.
Donor Appreciation Receptions
Donors of both endowed and annually funded awards are invited to appreciation receptions each fall. We host receptions in each of our campus regions. These events highlight the impact you have on students and celebrate the tremendous generosity that drives the NIC Foundation Awards Program.
Receipting
The NIC Foundation receipts gifts according to Canada Revenue Agency guidelines. We strive to send receipts in a timely manner and to consider donors’ communication preferences in how receipts are sent. Donations of $20 or more are eligible for official tax receipts.
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 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/life-at-nic/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.