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Donations

The tuition for an entire academic year at UPC is incredibly reasonable, yet incredibly difficult for students in a country with 80% unemployment. Since students come from throughout the Congo, most also need assistance with housing and living expenses. A total of $2,620 covers tuition and these other expenses for law, business, and theology students; while those in medical school have slightly higher expenses of $2,810.

Scholarship donations can be a great way to honor a relative, your pastor, a former missionary friend, or in lieu of a gift for birthdays and Christmas. Please consider giving the gift of education. Our help in providing education assistance can change lives and build a nation!

The NALB is an IRS recognized 501(c) (3) corporation, incorporated in the state of Florida. The Federal Tax ID # is EIN 59-3541955. Gifts to the NALB are fully tax-deductible as allowed by law. All NALB donations go directly to the programs they support with all administration expense covered by the board members.

The mailing address for the NALB is:

Dr. Ben C. Hobgood, Executive Director (pro-bono)
North American Liaison Bureau (NALB)
P. O. Box 545
Penney Farms, Florida 32079 USA
904.284.6843
b.hobgood@juno.com

Donate to the university through the North American Liaison Bureau. Your help will be greatly appreciated as we work especially hard to fund the lab equipment of our Medical School and provide scholarship assistance to worthy students. Through Just Give, your online donations can have immediate impact!

Our Canadian partner is the Christian Medical and Dental Society (CMDS). Canadian donors can get Canadian tax-deductible receipts if checks are made out to "CMDS" with mention "for UPC scholarships." Please send to:

CMDS
246 B Main St.
Steinbach, MB
Canada R5G 1Y8

"Named Funds" honor special people while helping UPC

Named Funds are a means by which UPC benefactors provide long-term support through student scholarships. Rather than going directly to UPC, donations are invested in order to generate income for the recipients. The funds are “Named” by the founding donor; often in recognition of someone’s contribution in life or to simply show support for the university’s mission.

The Board is ultimately responsible for the Named Funds and is assisted by NALB’s Executive Director and the Investment Committee. The Director is responsible for ongoing activities. The Investment Committee recommends policy, the overall investment strategy and payouts to the NALB Board of Directors. The Executive Director and Committee carry out the Board’s directions.

The Board’s primary goal for Named Funds is to provide a consistent source of funds for student scholarships, so that scholarship recipients can be assured of funding throughout their time at UPC. To do this, the strategy used in investing attempts to balance long-term return with prudent risk constraints. The current strategy is to invest in index mutual funds with a highly diversified portfolio of stocks, bonds and interest bearing securities. The allocation between these securities is based on readily available recommendations for the desired level of risk.

“I gave shares (stock) that yielded $53,438 to the North American Liaison Bureau for the purpose of creating a merit scholarship. This was to be awarded to theological students who demonstrate the qualities of character I had seen in one of my students, who later gave his life out of loyalty to a missionary colleague.”
        Lamar Williamson, Participant in planning the original School of Theology

Grants are made annually, usually during the fourth quarter of the calendar year. Recommendations for the total amount granted are determined by a method used at many universities. This method takes into account: the Board’s target payout level, the total value of the assets, inflation, and the prior year’s payout. Using a model helps balance the normal inclination of board members to be generous with economic realities.

With regard to the individual funds, as a general rule, no grants are made until the Fund is at a level that will support a scholarship, at present $25,000. Once this threshold is reached, payouts continue regardless of the Fund’s value. An important consideration in starting a Fund is whether or not the Fund will reach this threshold within a reasonable timeframe.

“My brothers and sisters joined me in deciding that the best way to honor our parents was to provide lasting support for the UPC through a fund named for each of them. We plan to continue to build those funds.”
        Doug Cardwell, son of Disciples missionaries

Currently, there are 23 Funds with a combined value of over $500,000. Of these, 13 have reached the threshold for paying out and another two will start paying out next year. Over the last four years, the total grants have increased each year with $13,190 for this year.

If you are considering starting a Fund, or if you wish to support an existing Fund, please contact our Executive Director, who can answer your questions and assist you in your decision.

        -by Ernie Ross, NALB Investment Chairperson

List of Funds (* - Gifts needed to reach the threshold for paying out.)

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