We are very pleased to announce a new ‘donor advised’ Endowment Fund within the Carman Area Foundation – The D. R. McClement Memorial Fund.
The Fund, established by Gwen McClement and family in memory of their husband, father and grandfather Denis McClement, will provide a bursary each year to a graduating Carman Collegiate student.
In respect of Denis’s high regard for education, the family was looking for an effective and long-term approach to help young people pursue post-secondary education. They decided that an endowment fund would be the best mechanism to allow them to do this.
The bursary recipient will be determined each year in the school’s Awards’ process. The recipient will be a student planning to enter an Agricultural (or related) program at an accredited University or College.
A strength of creating a ‘donor advised’ Fund, is that the family will have the opportunity to help the community in other ways. As the Endowment Fund grows, any annual disbursement greater than the bursary amount will be granted to community initiatives as decided by the McClement family.
The Foundation thanks Mrs. McClement and family for their foresight, generosity and support of the community.