Scholarships, Bursaries and Fellowships

prevented from attending post-secondary education because of a lack of financial support programs. The MCU requires all colleges and universities that receive public funding to provide enough financial aid to cover a student’s assessed needs for expenses directly related to his or her program that are not fully met by OSAP. Also included in need-based awards is Brock’s bursary assistance of $0.90 million ($0.43 million in 2022-23), as well several other specialty awards, including the Student International Mobility Awards, Emergency Bursaries, etc.

The Scholarships, Bursaries and Fellowships budget supports the Institutional Strategic Plan by helping and supporting students in attending the University. This unit represents the majority of Brock’s undergraduate and graduate scholarships, bursaries and fellowships (SBFs). Of the total SBFs reported in this unit, $16.70 million ($18.83 million in 2022-23) relates to support for undergraduate students and $10.36 million ($11.20 million in 2022-23) relates to support for graduate students, including endowment-allocated scholarships and student awards. In 2023-24 there are two new awards included in undergraduate scholarships, the Black, Indigenous, and people of colour (BIPOC) award and the Child Welfare Political Action Committee Canada award.

Undergraduate

The undergraduate SBFs can be split into four main types: University-funded, those funded by government grants, student tuition waivers and those funded by endowments.

Total budgeted undergraduate University-funded SBFs of $13.18 million ($15.36 million in 2022-23) are either merit-based or need-based.

• Merit-based awards are budgeted to be $11.33 million ($14.04 million in 2022-23). Merit-based awards include Brock Entrance Scholars Awards of $3.12 million ($5.53 million in 2022-23) and renewals of those scholarships of $6.49 million ($6.82 million in 2022-23), as well as a number of other awards, including course-based scholarships, the International Student Ambassador Award, the Principal’s Awards, etc.

• Need-based awards are budgeted to be $1.85 million ($1.32 million in 2022-23). These include funding related to the requirements of the Student Access Guarantee (SAG), an MCU initiative that states that no qualified Ontario student should be

• Undergraduate student tuition waivers for Brock faculty and staff and their dependents are budgeted to be $1.28 million ($1.28 million in 2022-23).

Total grant-funded undergraduate SBFs for 2023-24 are budgeted to be $0.14 million ($0.13 million in 2022-23), which are directly offset with grant revenue.

Starting in 2018-19, the funding budget includes the endowment-allocated spend related to scholarships and student awards. The undergraduate portion for 2023-24 is $2.09 million ($2.05 million 2022-23). This support is shown in the budget as an inter-fund expense, with an offsetting inter-fund revenue of the same amount.

The following chart details the proportion of the total undergraduate SBFs (in this unit) by type – meritbased, need-based, tuition waivers, endowmentfunded and grant-funded.

Graduate

The majority of graduate SBFs are in the form of University-funded fellowships of $7.51 million ($8.13 million in 2022-23). Other graduate SBFs of $1.02 million ($1.24 million in 2022-23) include University-funded entrance scholarships and awards for excellence, research awards, and bursaries. In addition, there are scholarships funded two-thirds by the MCU, in the amount of $1.02 million ($1.03 million in 2022-23), with an offsetting grant revenue of $0.68 million ($0.66 million in 2022-23).

Also included in graduate SBFs are student tuition waivers for Brock faculty and their dependents and Brock staff, which are budgeted to be $0.19 million ($0.19 million in 2022-23).

As previously mentioned, starting in 2018-19, the funding budget includes the endowment-allocated spend related to scholarships and student awards. The graduate portion for 2023-24 is $0.62 million ($0.60 million in 2022-23). This support is shown in the budget as an inter-fund expense, with an offsetting inter-fund revenue of the same amount.

The Capital responsibility centre represents the total funding of both the Facilities Management projects of $8.21 million ($9.49 million in 2022-23) and the Information Technology Services projects of $4.77 million ($5.33 million in 2022-23) in the capital and related project budget. Offsetting these costs is the contribution from Ancillary and Residence to the capital and related project budget of $4.04 million ($4.02 million in 2022-23). Also included in revenue is Facilities Renewal Program Funds of $3.85 million ($2.95 million in 2022-23). See page 31 for a discussion of these funds. See pages 77 to 81 for details of the capital and related project budget.