About

The Neuchâtel Junior College Fund exists to safeguard the financial assets of Neuchâtel Junior College, to raise the philanthropic profile of the College, to encourage philanthropic relationships with the Advancement Department, to participate in the stewardship of alumni and parents, and to contribute to the school financially on an annual basis. 

 

The Neuchâtel Junior College Fund is registered with the Canada Revenue Agency as a charity and is empowered to issue tax receipts for donations. The Fund files an annual return and must meet regulatory obligations to maintain its right to issue tax receipts. 

 

Directors of the Neuchâtel Junior College Fund are responsible for ensuring that the NJC Fund operates in conformity with its legal purpose outlined in the By-Laws and Articles of Incorporation. The NJC Fund exists to safeguard Neuchatel Junior College’s investments and is the fundraising body whose auspices are the pursuit of charitable income that enable the school to maintain the following standards:

Membership in the Neuchâtel Junior College Fund is limited to those who are invested in the advancement of Neuchâtel Junior College and whose nomination for a director’s position is approved by the current membership of the Neuchâtel Junior College Fund.

 

As a body dedicated to the oversight of financial resources, members who have Chartered Accountant (C.A.) and/or Chartered Financial Analyst (C.F.A.) certifications are sought out as members to ensure a high level of financial acumen on the NJC Fund. 

 

The NJC Fund functions to ensure the long-term fiscal soundness of the school and is dedicated to judicious management of investments and respect for every donation made by the NJC community. Members of The NJC Fund board oversee the management of the investments by monitoring the parameters followed by the fund manager, TD Wealth Private Investment Counsel. The primary goal of the portfolio is to grow the endowment assets over the long-term in order to provide for the future funding needs of the school with a moderate exposure to risk. To achieve this goal, the directors prioritize a balanced Income Portfolio that provides a moderate level of income, judicious management of the investments and respect for every donation made by the NJC community.