Congratulations to Spring 2020 Scholarship Recipients
On behalf of the Napa Valley College Foundation, we would like to congratulate all of the students on a job well done. Through your hard work and determination, you have proven to be students that the Foundation wants to recognize, and we encourage you to continue your educational efforts. In this round of scholarships, we are awarding 150 students with awards totaling $176,000. We wish you continued success throughout your college career and may you pass with flying colors.
Malcolm de Sieyes, NVCF Board President
2020 Scholarship Recipients.pdf
"Your generosity inspires me to work hard and do my best. Thank you for your support of my educational expenses and making my dreams a reality." - Marco Dominguez, Scholarship Recipient
The Napa Valley College
Foundation (NVCF) is fully committed to helping our college bound students have
success beyond high school. Each year the NVCF receives generous
contributions from community members, alumni, and businesses that are designated
as scholarships for NVC students excelling in a variety of academic fields,
technical subjects, and/or community leadership and service. Scholarships
have also been instituted to honor or remember family, friends or
organizations. With additional support through the NVCF Endowment, we
have assisted over 600 students through the award of over $1 million dollars in
the last 5 years.
Scholarship contributions can be made payable to the Napa Valley
College Foundation, 2277 Napa-Vallejo Highway, Napa, CA 94558.
Creating a Scholarship
A scholarship can be established
in three ways. In 2019, the Board of
Directors of the NVCF voted to increase the size of new endowment and
scholarship funds and to encourage a minimum of $1,000 per award, due to
increased costs to our students for tuition, books and housing.
Endowed Scholarships
Endowments provide funds for the scholarship in perpetuity, but do require a minimum amount of $25,000 to establish and activate. Donors may begin a fund with a contribution of $5,000, provided that additional contributions are made to reach the amount of $25,000 within a five-year period. Once an endowed fund reaches permanent status, one year is needed to accumulate income sufficient to fund an award. Prior to activation of the scholarship, all annual interest and earnings from the investment of the fund will be returned to the principal to help achieve the minimum specified above amounts. A scholarship may be awarded in the academic year a fund is established, only if the donor(s) augment the account by an additional amount that is specified for the scholarship award. If minimum funding ($25,000 or more) is not accomplished within five years after the initial contribution, all accumulated contributions will be placed in a pooled NVCF scholarship endowment fund (a fund which provides awards to high school, continuing and transfer students). It is important to note that Endowments are legal entities and a copy of the legal paperwork must be maintained in the Foundation files on premise.
Endowed scholarships:
1. Funds restricted for scholarships are generally awarded to students on an annual basis each May.
2. Allow a donor to establish the criteria for selection of the scholarship recipient(s).
3. Share in the annual distribution of earnings generated by NVC Foundation investments.
The amount of the scholarship to be awarded depends on the amount of the endowment. For example: A $25,000 will generate approximately $800-$1000 each year. Investment of the principal of each endowment shall be handled in accordance with Foundation investment policies, with the goal of achieving maximum earnings for each fund. Written records of the performance of each endowment are kept in the NVC Foundation office.Scholarship Funds
A scholarship fund may be established with the same requirements as an endowed fund, but may be established without legal representation. Please see above for details regarding the amounts and timing of donations.
Annual Scholarships
The minimum annual scholarship award amount is $500, with preference for $1,000 awards. New annual scholarships of $500 or higher may be named to honor or memorialize an individual.
Annual scholarships are:
- Generally awarded in the academic year the money is received by the Foundation (unless otherwise specified). The Foundation asks that the amounts are received by the Foundation by January 1st of the year in which they are granted. Students begin the application process early in January.
- Annual scholarships do not share in the distribution of earnings.
- Allow a donor to establish the criteria for selection of the scholarship recipient(s), or give the NVC Scholarship Committee the opportunity to award the scholarship to deserving students who would not otherwise be selected.