Leaving a Lasting Gift
What’s your Rockway story? Perhaps you were a student or teacher here or you appreciated the education your children received or you are looking forward to your grandchildren attending Rockway? Your desire to do the best you can for your family is the reason why friends of Rockway Mennonite Collegiate leave gifts in their Wills.
Rockway has served Mennonite families and all community members for over 70 years with an exceptional academic experience, faith-forming, and character-building opportunities. Each Rockway story is as unique as the students we serve.
Over 90 percent of Rockway students earn entrance into university or college either directly from graduation or after an intentional gap year of service, work or travel experience. Alumni have entered and excelled in every field of endeavour – including medicine, law, science, the arts, ministry, athletics, social services, education, and business. Whatever their career choices, Rockway Alumni can often be found dedicating themselves to making their communities and their world a better place.
Join with them and leave a legacy of opportunity for future students. Through a gift in your will/estate gift you can continue to support Rockway students on their journey to becoming responsible, compassionate, and thoughtful global citizens.
Here are some Sample-Wording-for-Wills and Estate gifts (Bequests) [PDF]
Gifts in Wills/Estate Gifts may be designated to a specific part of Rockway’s mission. Undesignated Gifts in Will/Estate Gifts are entrusted to the school to be used how deemed best by the Board of Directors: undesignated gifts under $5,000 are used to support daily school operations. Gifts in value of more than $5,000 are placed in Rockway’s Estate Fund, to be invested (and reviewed) to grow reserve funds and funding for special initiatives, a portion of which generally goes to operations.
Through a gift in your Will/Estate Gift you can:
- Create your meaningful legacy with a sense of purpose – ensure that your wishes for the causes that are closest to you and to your family’s hearts are honoured.
- Ensure your peace of mind – make sure that your loved ones and the causes that you love are taken care of in the way you intend.
- Conveniently convey your wishes – A gift in your Will is easy to arrange and can be made for any amount you wish – a specific amount, a percentage/residual portion or a contingent bequest, and changed at any time.
If you have yet to make a Will, please speak with your loved ones and professional financial and legal advisors. If you already have a will, you can speak with your family and advisors about adding a codicil (a brief instruction that is added to your will to reflect your updated wishes). By leaving a gift in your Will you will give the power and hope of education to young people, today and tomorrow.
Other ways to leave a legacy include trust deposits, shares and mutual funds, life insurance and gift annuities. Please discuss with your loved ones and personal professional advisors what works best for you.
Through the generosity of donors, Rockway Mennonite Collegiate has two Tuition Assistance Endowment Funds that are invested with Abundance Canada.
- General Student Tuition Assistance Endowment Fund
- Mennonite Student Tuition Assistance Endowment Fund
When you designate your gift to one of these funds, the full amount of your donation is added to the principal amount. While the principal is kept intact, any subsequent yearly earnings are used to provide financial assistance to students who would like to attend Rockway, but who otherwise would not be able to afford the full cost. On average, over 40 students per year benefit from some level of tuition assistance.
To support affordable, quality education for future Rockway students:
– Mail your cheque made out to “Rockway Mennonite Collegiate – General or Mennonite Student Tuition Assistance” to the address below:
Rockway Mennonite Collegiate
110 Doon Road
Kitchener, ON N2G 3C8
Attention: Dawn Zehr, Bookkeeper
The General Endowment Fund was created to help support Rockway’s annual operating costs. The fund is owned and managed by Abundance Canada. Gifts are held in perpetuity; Rockway’s Board of Directors allocates a portion of any annual earnings towards Rockway’s daily operating expenses. Anyone can make a gift or bequest to the General Endowment Fund; please make your donation to Abundance Canada and specify Rockway Mennonite Collegiate General Endowment Fund.
Scholarships – Some donors choose to recognize a person or family by naming a scholarship in their honour. Named scholarships are endowments. The principal amount is set aside in perpetuity and the interest accrued is used to make annual scholarships available. A minimum amount of $20,000 is recommended to establish a named scholarship.
Donor-Advised Scholarships (Scholarship Fund) are created by mutual agreement between you and the school. They are usually for a limited time until the donation amount is fully utilized and the donor’s wishes are fulfilled. The amount of these scholarships is limited to the amount of donor-advised donations to the Scholarship Fund.
For more information about leaving a legacy through your Gift in Will/Estate Gift or making a gift to (or creating) an Endowment Fund or Scholarship Fund, please contact:
Christine Rier, Director of Advancement
t: 519-743-5209 x3011