A dedicated endowment fund has been created in a joint effort between the City of Oshawa and Trent University to help provide financial support to Oshawa students attending Trent University Durham GTA.
Beginning in the 2021-2022 academic year, the City of Oshawa Student Bursaries Endowment Fund will support students who reside in Oshawa, are enrolled at Trent University Durham, and have demonstrated socio-economic need.
“As Trent University Durham GTA looks to future growth, we want to demonstrate our support to the students who choose to study close to home, recognizing the value that higher education brings to the City of Oshawa, and indeed to the entire Region of Durham,” said Dr. Scott Henderson, dean and head Trent University Durham GTA.
“We are fortunate to be in a city that believes in what we are doing, and where we are headed. The next generation of community leaders is right here in Oshawa. This endowment will assist these students in pursing their goals and striving for success,” said Dr. Henderson.
The Endowment Fund is supported by a $100,000 contribution from Trent University, in exchange for an equivalent land transfer from the City of a 0.15-acre piece of property adjacent to the current campus. This land is currently leased and will generate a small annual revenue, which will be added to the bursary fund, until such time as Trent’s use for the property is finalized.
“Through this unique philanthropic partnership with the City of Oshawa, more students in the Oshawa area will receive help to pursue their dream of a University education. Trent is a leader in student scholarships and bursaries, and since launching the Trent Durham GTA fundraising campaign, almost $400,000 has been raised for student financial aid which will support 25 students each year,” said Julie Davis, vice-president external relations and advancement Trent University.