HOW THE NAVIFUND WORKS
John and Val Kok through the Edmonton Community Foundation set up the NAVIFUND in 2001. It is our wish to assist workers in the mission fields for His sake, in accordance with Biblical direction, through the establishment of an endowment fund to support such workers.
The NAVIFUND is set up upon the following trusts and conditions:
- The intent and purpose of the NAVIFUND is to further God’s work, by providing funding for workers representing Christian organizations undertaking missionary and other Christian-based charitable activities locally, in Canada or internationally.
- The NAVIFUND shall be an open-ended fund to which the undersigned or others may from time to time make additions. The Foundation will furnish charitable receipts for all donations received and accepted.
- The donors consent to the NAVIFUND and the contributions made to the NAVIFUND being identified in the publications and the donor recognition opportunities of the Foundation.
- The NAVIFUND and property added thereto or substituted therefore is to be held by the Foundation in accordance with the provisions of The Edmonton Community Foundation and the Bylaws, policies and procedures of the Foundation, as they exist from time to time.
- Such portion of the net income with respect to the NAVIFUND that is in accordance with the Foundation’s policies in effect from time to time shall be disbursed at least once annually by the Board of Directors of the Foundation, in its discretion to qualified donees with the meaning of the Income Tax Act.
- In making such disbursements, the Board will consider the written advice and recommendations from the Grants Panel Chair. Initially, John, Valerie, Joshua and Michael Kok shall together form a committee (“the Grants Panel”) to work with the Foundation in the selection of beneficiaries and the award and disbursements of grants. The Grants Panel shall set its own procedures provided such procedures are not inconsistent with the specific provision of this agreement or of the Charter. Vacancies in membership of the Grants Panel or the additions to its membership can be made from time to time by a majority of the Family then still alive. Upon the death of the last of the Family, vacancies in the membership of the Grants Panel or additions to its membership can be made from time to time by a majority of the members of the Grants Panel.
- Any determination made honestly and in good faith by the Board shall be final and binding.
WHAT DOES THIS MEAN?
Every year applications may be submitted to the Grants Panel. These could include short-term missions projects, long-term mission projects, Bible school applicants or the like that qualifies under the umbrella of doing God’s work on earth.
The applications are reviewed by the Grants Panel (currently John, Val, Josh and Michael Kok) and monetary awards are granted as permitted by the boundaries of the Charter.
If you wish to submit an application for a grant, we welcome them. Outline for us the type of work or schooling you are interested in pursuing, details as to tuition, expenses etc, the name of the school or mission project along with a reference letter from a teacher, pastor or employer that tells us why you are deserving of the award.
HOW DO I MAKE A DONATION TO THE NAVIFUND?
If you are interested in making a donation to the NAVIFUND you may send your donation to Navigator Financial. Cheques are payable to the NAVIFUND c/o the Edmonton Community Foundation. All donations receive tax receipts from the Edmonton Community Foundation.
FINANCIAL STATEMENT
Click here to download the latest financial statements.
SCHOLARSHIP INFORMATION
Two post-secondary scholarships were established through the NaviFund at Taylor University College and Seminary (Edmonton) in 2005.
Name:
Seminary award: Alfred Krinke Leadership Award.
University College award: John King Leadership Award.
Funding: NaviFund Endowment established with Edmonton Community Foundation – John & Val Kok
Rationale for award
- Promote leadership development and strong academics for seminary and university college students throughout their period of study.
- Focus on student entering the final year of their degree programs. This award will help to promote completion of degree program at the school by helping to remove some of the financial burden.
- Seminary students often face additional financial burdens to study as they are often older or second career students with families to support while pursuing their degree. Academic excellence is not always the best measure of pastoral / ministerial skill. We wish to encourage a serious student who has demonstrated a passion for ministry and touching people’s lives.
Award amount
- Two $1,000 scholarships to be awarded; $500 in September and January based on confirmation of enrollment at Taylor. One for seminary student, one for university college student.
Criteria
- University college & seminary student in full-time study, in good standing
- Student must be preparing to enter the final year of their degree program.
- Student must have demonstrated a strong academic record, maintaining a GPA of 2.7 ( B+) or better. All applicants to have demonstrated leadership on campus or in the community through church / para-church group involvement. Have articulated ministry goals for their life after graduation. Could be in pastoral or lay leadership.
- Must attend Taylor University College or Seminary to receive funding.
- Cannot defer receipt of award due to interruption in studies (taking a term or year off).
Application:
- All eligible students receive invitation by January 30 to apply by February 28 of each year.
- Applicants describe their qualifications based on leadership and ministry & service goals.
Awarding:
- Review of applications in March.
- Award winner and announced in early April.
- Should winner not qualify to receive the award, another recipient will be chosen according to the criteria above.
- Funds dispersed September and January of each year, based on the criteria indicated above.