Establishing Donor Funded Awards
Donate to support a NOSM student’s education journey
Awards generously created by donors are an essential part of realizing our learner’s dreams. They allow our learners to concentrate on their studies and give them the confidence they need to succeed. Your donations to NOSM mean the world to us and you are helping support medical students in Northern Ontario as they train to become physicians and health-care professionals. Below are the types of awards currently in place at the Northern Ontario School of Medicine to which you can direct your contribution.
Types of Donor-Funded Awards
Endowed bursaries are established with a minimum investment of $25,000. A donor may choose to pledge the $25,000 required for endowment over five years until the total is reached. Endowed bursaries are awarded one year after the minimum contribution is reached, as interest earned on the capital will be used to pay out the annual award in perpetuity.
General Bursary Fund
Contributions of any size are graciously welcomed and will be combined to create a general endowment account. This fund is designated for medical students in the most imperative financial need.
The creation of a non-endowed bursary requires a yearly minimum donation of $1000 for four years. The award value may be increased at any time during the funding period. Non-endowed bursaries are totally distributed and do not live on in perpetuity.
Both the endowed and non-endowed bursaries are eligible to be named according to the donor’s wishes, in memory of, or in honour of, a loved one or the donor. The endowed award will be named permanently with the minimum commitment of $10,000. The named annual award will exist as long as it is funded.
Award Terms and Student Selection
The NOSM Advancement staff work with donors to establish the selection criteria for named awards.
Awards are granted to eligible students upon the recommendation of NOSM’s Awards Committee, which has representation from Student Affairs, community members, students, and academic leadership.