Grant and Funding Programs Offered by Trust Under the Will of Clement C. Avard

The Trust Under the Will of Clement C. Avard is a dedicated charitable trust held and administered by Mount Allison University in Sackville, New Brunswick. Established through a testamentary bequest, the trust generates investment income that the university applies to student financial support, typically in the form of scholarships, bursaries or similar awards.

Within Mount Allison University’s extensive system of scholarships and bursaries, the Avard trust functions as a targeted source of funding that helps sustain one or more named awards. Together with other endowments and funds, it enables the university to reduce financial barriers for qualified students and to recognize academic achievement or other criteria set out in the bequest.

Beneficiaries are generally Mount Allison students who meet the conditions attached to the trust-funded award, which may include academic merit, financial need, program of study or other eligibility factors defined by the donor and the university’s Senate-approved regulations. Funds are not given directly to individuals outside this framework but are disbursed through the university’s formal student aid and awards processes.

The trust is overseen by Mount Allison University, which manages the capital and allocates annual income in accordance with the original will and university policies. Decisions about award values, frequency and selection processes are handled through the university’s established governance structures for scholarships and financial assistance, ensuring accountability and alignment with donor intentions.