The CANERS Foundation...endowment for research and scholarship (CANERS) was established in 1969. It has grown into the largest state nursery association endowment of its kind. With over $3.1 million in principal (December 2015), the endowment continues to grow to provide needed funding of industry research and scholarships.
CANERS funds are professionally managed with a set of investment guidelines established and monitored by the CANERS trustees. CANERS is a separate charitable corporation, 501(c)3. The trustees are in charge of the endowment and all of its activities.
CANERS MAKES A DIFFERENCE - RESEARCH GRANTS AND SCHOLARSHIPS TOTAL $3 MILLION SINCE 1989
The CANERS Foundation has funds available to support research projects pertinent to the production, post-harvest handling and marketing of nursery crops.
Nursery crops include shrubs and trees produced in containers, field grown deciduous trees and rose bushes, annual bedding plants, foliage and flowering pot plants, sod, and succulent plants.Grants are made for specific research projects that deal with propagation; production systems; culture, including irrigation and fertilization; soil mixes; insect, disease, and weed control; energy conservation; mechanization; post-harvest handling and transportation; and marketing.
Individuals, chapters, companies and families can establish an award by simply investing a minimum of $2,500. The donor must then designate in writing the name of the award, how the distribution of the award’s earnings are to be stipulated—for research, scholarship or no stipulation (preferred). Also, the donor can attach specific criteria to the award with the understanding that both the scholarship and research committees will distribute all of the money awarded to their programs by the CANERS Trustees, even if criteria of specific awards cannot be met. For example, if a scholarship says that it must be given to a student of pomology and no such student applies, the money is distributed to a worthy candidate as best determined by the Scholarship Committee.
The chairmen of both the Scholarship and Research Committees are members of the CANERS Trustees. They are required to report the activity of their committees and to make formal requests for funding. CANERS meets once a year in January and conducts investment telephone conference meetings as needed during the year. CANERS has its own investment committee made up of its chairman, vice chairman, treasurer, past chairman, and one-two members at large from the trustees. The treasurer of CANERS is the vice chairman of the California Association of Nurseries and Garden Centers Finance Committee. The investment adviser of CANERS is Tom Qvistgaard, Senior Vice President- Wealth Management of UBS, Sacramento, CA. and the CPA is Keith Rood, Sacramento, CA.
Any type of donation made to CANERS is acknowledged in writing to the donor and acts as the official tax letter. This applies to award donations, fundraiser events and the annual giveaway. If there are multiple donors for a specific award, the names are forwarded to the family or company, etc.—however requested. Oftentimes, awards are established posthumously to honor an industry member. Any/one person can donate to any award and the family can increase the amount of the award principal with a direct donation at any time.
Donations accepted, for example, in the year 2014 or newly established awards in 2014, will not fund research or scholarships until they have been in the investment earning pool for one year. When the CANERS Trustees meet each year, they compute the distribution based on the CANERS fund balance as of December 31, one-year back. So the award established in 2014 will not fund until spring of 2016. The one-year back rule was established to protect the integrity of the endowment.
The CANERS Foundation...Endowment for Research and Scholarship began in 1969. Perpetual Awards are the basis of the endowment. Awards may be started with a minimum of $2500 and increases to the award balance can be made at any time. Often awards are founded to honor a nursery industry professional, to provide a family legacy, in memoriam, or for a variety of other reasons.
CANERS has funded over $1 million in scholarships for students pursuing careers in horticulture. Annually the Scholarship Committee solicits for applications and meets to select the recipients.
The CANERS Foundation distributes scholarship applications for the benefit of students who are interested in pursuing an education and career in horticulture to all two year and four year colleges from which a horticulture degree can be obtained.
See forms below: Scholarship Application and a Checklist of things to watch for to help you submit the application accurately.