The Julie Patel Foundation pledged $25,000 to Toronto Metropolitan University. This gift has been matched by Toronto Metropolitan University for a total Endowment Fund of $50,000. The income earned will generate bursaries/scholarships of $2,000 annually in perpetuity. The award, named The Julie Patel Foundation Award will be disbursed annually to one or more students enrolled in an Arts & Science program who have attained a high academic average and demonstrates financial need. This scholarship was first awarded in the 2021-2022 academic year.