Princess Auto Foundation commits additional $50,000 to CNA bursary
3/5/2013 1:48:12 PM
The Princess Auto Foundation (PAF) recently donated an additional $50,000 to its endowment fund with College of the North Atlantic (CNA), bringing their total commitment to over $180,000.
CNA awards the Princess Auto Foundation bursary to a full-time learner in one of the Automotive Service Technician, Welder or Construction/Industrial Electrician programs at either the Prince Philip Drive or Seal Cove campuses. The bursary is presented in recognition of academic merit and financial need.
“Bursaries such as the one from the Princess Auto Foundation contribute essential funding sources to our students,” says CNA President and CEO, Ann Marie Vaughan. “Our partner’s investment is helping our learners achieve their goals and provide them with a sense of security as they continue to focus on their studies.”
Founded in 2007, PAF has partnered with Pepsi, Old Dutch Foods, Mondetta Clothing and Procurity’s private label, Encounter Brand to raise money for an endowment fund that awards bursaries to technical college students across Canada.
The foundation members had a clear goal in mind when they started the bursary – to enhance education and provide opportunities to future trades people.
“In its inaugural year, over $40,000 was raised and we have never looked back,” explains Tamar Desorcy, Administrative Assistant. “By 2009, we began to disperse funds by partnering with three Canadian technical colleges and we are now distributing monies to 12 colleges across Canada.”
To date, PAF has distributed over $1.8 million to Canadian colleges.
For more information about the many scholarships and awards available at CNA visit www.cna.nl.ca/awards.
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Media Contact:
Glenda McCarthy
Public Relations Assistant
College of the North Atlantic
(709) 643-6408
glenda.mccarthy@cna.nl.ca