Scholarship Partners/
Commitments
In offering a scholarship the Scholarship Partner commits to the following:
- a First Foundation scholarship costs $20,000 over its 4 year
duration. This amount can be paid in instalments of $2,000 in year
one and $6,000 in years two, three and four.
- provide a minimum of 5 weeks paid work experience annually.
Scholars are required to save a minimum of $1,200 per annum as a
contribution to their tertiary study costs.
- participate in an Annual Scholarship Review.
- the Scholarship Partner, Scholar and parent/caregiver, and
First Foundation all sign a Letter of Agreement confirming and
agreeing to the terms of the Scholarship.
As the $20,000 is deemed a donation, this amount is tax
deductible