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SPOCA ACU Scholarship Update 5 June 2019

posted Jun 23, 2019, 8:07 PM by Saint Patricks   [ updated Jun 23, 2019, 8:10 PM ]
Patricians,

This is the fifth update to all Patricians on the establishment of a permanently endowed scholarship scheme as a legacy of our old college.

CURRENT LEVEL OF SCHOLARSHIP FUND
The fund currently contains $107825 and we can confirm that the initial scholarship will be for $5000 which will be awarded for the 2020 academic year and be paid in two equal installments.

FUNDRAISING CONTINUES
We have decided to continue to seek donations beyond the end of this financial year on 1 July.We have decided on this approach in order to:
Increase the number of individual donors to more than 100
Provide a larger buffer for the fund than we had intended
In order to claim a tax deduction for the current financial year, the donation must reach the ACU by 30 June

BEQUESTS
We would also again ask Patricians particularly those who have not been in a position to make  a donation at this point to consider making provision in their will for a donation to the fund.

SCHOLARSHIP DETAILS
We have commenced discussions with the ACU Scholarships Office on the detailed specifications for our Scholarship.Matters covered to date include:

DONATIONS
As per section in previous updates.

Murray Cullinan

SPOCA President


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Saint Patricks,
Jun 23, 2019, 8:07 PM
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