Editor's Note: The following is a regular column
from the APEGGA Education Foundation.
BY DENNIS BROOKS, P.ENG., P.GEOPH.
The APEGGA Education Foundation
Accompanying this article are two letters of thanks from scholarship
and award winners. I think the letters say something nice about these
deserving people. I think the letters also say something to our donors
and to Foundation members about the valuable contribution they make and
to the uniqueness of their work.
After the letters, please read the item on 10-year gifts and how you can
make them work for the Foundation.
I recently attended the APEGGA awards ceremony for recipients of the teaching
and student awards. As a recipient of an APEGGA gold medal, I was taken
completely by surprise by not only the receipt of the medal, but by the
awards ceremony. I have to say that I was most impressed by the people
at the ceremony and the generosity of APEGGA in providing these awards
and the ceremony.
All of the awards presented that evening recognized achievement only as
opposed to those offered to entice people to a particular institution.
This is a testament to the commitment to education and the generosity
A third pleasant surprise was receiving pictures in the mail. This personal
touch was an especially nice gesture and was really appreciated.
I would like to extend my sincere thanks for the time and effort of all
those who contributed to this awards program and ceremony.
Dan Sparkes, M.I.T.
I must begin by thanking the APEGGA Education Foundation for giving me
the honour of being the first recipient of the APEGGA Millennium Scholarship.
I would also like to thank all the generous members and corporations that
helped fund this award. The depth of the Association of Professional Engineers,
Geologists and Geophysicists of Alberta's assistance to students inside
Alberta, and now outside Alberta, is commendable. Being the beneficiary
of this award is very special to me because my parents and late grandfather
graduated from university with engineering degrees.
This award is being put towards my tuition fees for my combined degree
in chemical engineering and honours business administration at the Richard
Ivy School of Business. However, most importantly, the receipt of the
scholarship is allowing me to put my time into extracurricular activities
such as the Kids Help Phone London Chapter, Let's Talk Science (a group
that teaches kids about science) and my competitive swimming instead of
having the stress of a job during the school year.
After my graduation, I look forward to being involved with APEGGA upon
my permanent return to Calgary and helping the following generations of
students with their educations.
A Mystery Revealed
In previous articles, I talked about "10-year gifts" and their
mysterious origins in the Income Tax Act, Section 149.1(1). I have now
received Customs Canada and Revenue Agency's publication RC4108(E), which
on page 12 sheds even more light on this under the heading "Provisions
to help a charity meet its disbursement quota."
These provisions allow us to add directly to our endowment funds on condition
we keep the funds invested for 10 years and use only interest earned during
that time for scholarship purposes. We would have the burden of keeping
track of each year of such monies received throughout the 10-year period.
The donor must give the "10-year gift" stipulation in writing
at the time the gift is made, but otherwise can claim the tax credit the
same as any other charitable donation. If the donor were to make a large
enough gift to create an endowment in itself (say, over $40,000), we would
be pleased to discuss the naming and special purpose of the endowment.