N or t he r n C olle g e 2 0 1 2 - 2 0 1 3 A nnu a l R e por t I n 20 1 3 our E ndo w ed F und s gr ew b y $ 25 k t hank s t o t h e ge ner os i t y of T D C anada T r us t ’s 2013 do nat i on t o ou r endo w m ent f und . 5 - Y e a r A nnua l E ndow m e nt D ona t i ons T he C ol l eg e a dm i ni s t er s a num ber of bur s ar y an d t r us t f unds , s om e of w hi c h r ec ei v e f und i ng e ac h y ear f r o m s pons or s t o c ov er t he c ur r ent y e ar pa y o ut ( “ f l o w - t hr ough” ) , w h i l e ot her s ar e f unde d w ho l l y , or i n p ar t , f r o m i n v es t m ent i nc om e ear n ed on a pr i nc i pal am ount t hat w as do nat ed ear l i er . T he a m ount of bur s ar i es w e ar e abl e t o pa y out i s a f unc t i on bot h of t he s i z e of t he end o w m ent as w el l as t he a nnu al r et ur n on i n v es t ed f unds . I n ad di t i o n, s om e bur s ar i es ar e f und ed f r om t he T ui t i o n S et A s i de ( T SA) F un d, a n ob l i gat i on w h er eb y t he C ol l ege has t o s pe nd a s et per c en t age of t ui t i on f ees ear n ed i n t h e pr e v i ous y e ar ( i n t h e r ang e of 85) on bur s ar i e s and s t udent em pl o y m ent i n t h e c ur r ent y e ar . A c c or di ngl y , i t gr o w s or s hr i nk s depend i ng on e nr ol m ent w i t h a on e y e ar l ag. I t i s un der i nc r eas i ng pr es s ur e as ot her s our c es of f undi ng f or t hes e p ur pos es di m i ni s h. T he r ep or t i n g c y c l e f o r T SA c ov er s S ept 1 , 201 2 t o A ug us t 31, 20 13 s o t h e 2012 - 1 3 f i gur es ar e am o unt pa i d out f r om A pr i l 1, 2 012 t o Mar c h 31 , 20 13. B ec aus e of t he l o w er r at e of r et ur n on end o w ed f und s , t he ov er al l v a l u e of bur s ar i es a w ar d ed i n t he y ear ende d Mar c h 201 3 dr opp ed b y $1 32k ( 35% ) f r o m t he pr ev i ou s y e ar . B ur s ar i es pa i d f r om t r us t f unds w er e d o w n b y $88k ( 33% ) . $- $50 , 0 00 $10 0, 000 $15 0, 000 $20 0, 000 $25 0, 000 $30 0, 000 N C d on at i on s O T S S m a t c h T o t al I T E M 2008- 09 2009- 10 2010- 11 2011- 12 R e s t a t e d 2012- 13 N C do na t i o ns 57, 902 $ 19, 034 $ 114, 323 $ 46, 904 $ 25, 000 $ O T S S m a t c h 148, 149 $ 19, 034 $ 170, 732 $ 84, 937 $ - $ To t a l 206, 051 $ 38, 068 $ 285, 055 $ 131, 841 $ 25, 000 $ T D C anada T r us t , unm at c hed 25, 000 $ T o t a l 2 0 1 3 E n d o w m e n t D o n a t i o n s 25, 000 $