A donation in ANY amount is gratefully received. The goal for each named fund is to reach a minimum of $100,000, but the more funds in the endowment, the more investment income there will be to make scholarship awards.
We hope people will be as generous as possible.
With a minimum of $25,000 donation, a donor can request approval from the Board for a named fund and can also request approval of specific educational targets for the funds generated by the named fund. For donations less than
$25,000, a donor may stipulate that his/her donation be assigned to any of the funds listed on the Endowment Donor Program and the Pledge and Donor Form. If a donor does not specify a fund, his/her donation will be assigned
to The Safewater Fund.
Donors of $25,000 can request Board approval of specific terms for awards from that fund – and could possibly specify the number of scholarships to be awarded. However, in general, the number of scholarships will be determined
by the Endowment Committees with NC AWWA-WEA Board Approval which jointly establish scholarship applications and process awards.
Yes, the NC Safewater Fund is the single endowment account with Triangle Community Foundation, the designated fund manager. Named funds are tracked separately and interest from the fund is applied to named funds annually
on basis of the size of that fund as a percentage of the whole.
It depends on the donor. A donor may make a donation in any amount any time. If a donor makes a multi-year pledge, then the donor pays part of the pledge when he/she submits it to NC AWWA-WEA. The balance
of the pledge is payable in equal amounts annually for the period of time stipulated on the Pledge and Donor Form. We would expect the minimum annual payment to be equal to the balance of the pledge divided by the
number of years allowed for payment on the Pledge and Donor Form. A donor may pay more than the minimum and, therefore, fulfill his/her pledge.
Yes, at the Chair’s Endowment Reception Donors are recognized in the NC One Water NC Currents magazine unless they have requested anonymity. Donors are also recognized at the annual Chair’s Endowment Reception
held on the Monday night at the Annual Conference. All donors contributing before September 30, 2012 are designated as Founding Donors, and corporate donors will receive recognition annually at the Chair’s Endowment Reception.
Individual donors are encouraged to advertise “Proud donor to the NC Safewater Fund” on letterhead, websites, or advertisements.
Triangle Community Foundation is the designated fund manager. The Board has established an Endowment Policy, which requires that all funds be managed in compliance with State and Federal laws (UPMIFA) and the Endowment
Committee meets at least quarterly, to review all financial reports. Additionally, the Association has an annual audit, performed by an outside audit firm specializing in non profit accounting, and the endowment funds
are included in the audit review and report.
The amount of funds available to be awarded will depend on the earnings received from investing the endowment funds. The amount of a specific scholarship or grant will vary depending on the criteria stipulated in each
“Named Fund”. For example, the current goal of The Carol Bond Fund is to award two $1,000 scholarships to four-year university students, four $500 scholarships to Community College students and two $500 grants to
outstanding environmental educators annually.
Donations will always be gratefully received, now or later. Any donor who is unable to contribute during the fund raising initiative is encouraged to donate whenever he/she is able to in the future.
There is information updated regularly on the web. NC Currents has a regular quarterly report. There will be a presentation at the Annual Conference during the Chair’s Endowment Reception. We will maintain a mailing list to
inform donors of major milestones and events.
Baby-boomers are retiring and there is an unmet need to grow the ranks of water and wastewater professionals to meet the challenges of water management into the future. Since 1923, the NC AWWA-WEA, now NC One Water, has been
a leading force behind the professional development of those in education, state government, local municipalities, and industry through seminars and workshops conducted by many of our Association’s volunteers. The work
of our association serves to support and train our existing workforce, but sustaining the water profession in North Carolina requires a focus on education and training of today’s professionals as well as future water professionals.
Both NC AWWA and NC WEA (commonly referred to as NC AWWA-WEA, but now NC One Water) are 501 (c) (3) non-profit corporations, so donations made are fully tax deductible.
Yes. In general, scholarship disbursements are limited to educational activities in the field of environment, water and wastewater in the form of awards for scholarships and grants to educators. The Board of Trustees of NC
AWWA-WEA (NC One Water) established the NC Safewater Endowment for the purpose of promoting safe water, increasing knowledge and understanding of safe water, and preserving and enhancing the water environment. The primary
means for accomplishing this purpose is to provide scholarship funds to individuals who seek assistance in order to complete a course of study emphasizing the protection of public health by providing healthful drinking
water and/or protecting the quality and integrity of the water environment. In addition, the NC Safewater Endowment will award funds to assist educators in providing enhanced water environment education to registered students
and/or the public. Any distribution of grants or scholarships must comply with this purpose. In additional to this general compliance, donors establishing “Named Funds” may stipulate additional restrictions on distribution
of funds generated by that fund. These restrictions and conditions have to be approved by the NC AWWA-WEA (NC One Water) Board of Trustees and are expected to comply with the general purpose of the endowment.
Yes. The NC One Water Board of Trustees has contracted with Triangle Community Foundation to manage and invest the assets in the NC Safewater Fund with directions that the funds be placed in low to moderate risk investments.
These scholarships are not limited to NC residents. Distribution of funds from The NC Safewater Fund is limited to students who are attending colleges and community colleges located in North Carolina and are completing a course
of study emphasizing the protection of public health by providing healthful drinking water and/or protecting the quality and integrity of the water environment and to educators who are providing enhanced water environment
education to registered students and/or the public. Some of the “Named Funds” may have additional limitations on the distribution of funds.
The number of scholarships and grants awarded each year will depend on the amount of earnings received from the investment of “the corpus." As “the corpus” is increased by new donations, the earnings will increase and therefore,
we will be able to increase the number and /or the amount of scholarships and grants we award. Typically a “corpus” of $100,000 should generate between $4,000 and $5,000 to be distributed per year on a sustainable basis.
Yes all donations go to “the corpus” of the fund for scholarship revenue generation. No donations are used for administrative costs. “The corpus” is invested and managed by the Triangle Community Foundation under a contract
with NC One Water Board of Trustees. The earnings from the investments are used for scholarships and grants. The Triangle Community Foundation is paid a management fee of 1% of the value of the NC Safewater Fund from the
interest on “the corpus."
Everyone who made a donation by September 30, 2012 is recognized as a “Founding Donor” of the endowment. Individuals who donate $25,000 or more can establish a “Named Fund” and be recognized for this level of giving.
We have established four levels of recognition for corporate donors. They are as follows: Amount of Donation/pledgeRecognition
Level
$5,000 to $9,999 Swift Streams $10,000 to $14,999 Roaring Rivers $15,000 to $24,999 Great Lakes $25,000 and above Mighty
Oceans (these donors may also establish a “Named Fund”)
Information about scholarships will be online. We will engage contacts at the different colleges and community colleges that offer areas of study that comply with the purpose of the endowment to help identify students who meet
the eligibility requirements. We will also work through the network of science teachers in the various school districts in North Carolina to promote our program with students who are graduating from high school and plan
to pursue a degree in the water environment area. We are currently developing a marketing plan to increase the exposure of this program to potential applicants.
If a donor contributes $25,000 or more, he may establish a “Named Fund” and stipulate the purpose and any restrictions he wants to place on the distribution of the funds generated from investing “the corpus” of his fund. These
restrictions and conditions have to be approved by the Board of Trustees of NC One Water. Donors contributing less than $25,000 may stipulate that his/her donation be assigned to one of the existing “Named Funds”. If a
donor does not stipulate such a designation, his/her donation will be assigned to The NC Safewater Fund. No other designations or restrictions are possible.
Yes. Go to the Triangle Community Foundation and follow instructions for making a donation by credit card.
Can a donor set up an automatic checking/savings withdrawal to be made for payment into the fund? Not
at this time.
Is it possible to designate the NC Safewater Endowment Fund in my estate for legacy giving? Yes, the Triangle Community Foundation or your financial consultant can help you establish this gift.
There are both tangible and intangible benefits associated with you donating to the endowment fund. Tangible benefits include a tax deduction for your donation and recognition by the Association for your donation. Intangible
benefits include your satisfaction in knowing that your contribution will make a difference if the lives of many students as they are awarded scholarships to assist them in pursuing a degree that will qualify them to be
a future water professional thereby helping to maintain a well educated workforce that will provide safe water to future generations. Also the grants awarded to teachers will enable them to teach future generations of students
more about the water environment and its importance sustaining a good quality of life for existing and future generations.
Presently, the endowment program has 11 funds. The NC Safewater Fund is the overall fund established with the Triangle Community Foundation. The other “named funds” are described in detail in the Endowment Donor Program
Sheet. Those established so far target different age groups and/or educational levels for receipt of scholarship funds.
One donation is our goal, and you choose the fund. Our goal this year is to raise a total of $75,000 additional funds for the endowment program. A donor may designate his donation to be assigned to any of the ???? “Named
Funds”. If a donor does not stipulate that the donation is to be assigned to a “Named Fund”, it will be assigned to the NC Safewater Fund. All options should be reviewed with a potential donor and the donor
should decide how he/she wants the donation to be assigned.
No. If you want to make a donation each year without making a pledge, you can donate any amount you select any time.
If you make multi-year pledge, you would submit a payment with your pledge form equal to the total
number of years you have to pay your pledge divided into the amount of your pledge. You would pay the balance of your pledge in equal annual payments over the number of years allowed for you complete payment of your
pledge.
Yes. In the Policies and Procedures for the Endowment we stipulate "Donors may contribute cash (lump sum or contributions over a period of time), real property, stocks, bonds, including mutual funds, or life insurance
proceeds as the designated beneficiary”. If a donor wants to donate anything other than cash, please contact Catrice Jones at NC One Water. She will work with you and the staff at Triangle Community Foundation to ensure
that the donation is handled legally.
We plan to have an event at our annual conference to recognize the donors and the successes of the endowment. It would be appropriate to invite all donors to attend this event even if they are not members of NC One Water.
