The
Huscroft Family Trust is pleased to offer Cash Awards to family members going
on to Post Secondary Education.
The Cash Awards will be guided by the following principles as outlined
in the Trust Deed.
To provide
educational assistance to eligible members of the Huscroft Family, as defined
in the Huscroft Beneficiary Groups.
Educational
assistance is for accredited full time post secondary studies leading to
degrees, diplomas or certificates in a trade or profession, from accredited
Universities or Institutions.
The purpose
of the educational assistance is economic advancement of the Huscroft Family
and/or improvement in the welfare of society.
Applications for awards shall be received and approved, in full or in part, or rejected, at least twice yearly. Applications shall be directed to the Chairperson of the Advisors and considered by all Advisors.
Awards
shall be given to cover tuition, textbooks, other educational fees, and can
also be used for student housing and other travel and living expenses when
deemed necessary by the Advisors.
Awards may
be made for one or several years of full time study (as defined by the Advisors
to mean a course load sufficient to complete studies in the normal minimum time
period, which is 4 years for a Bachelors degree). Awards may be made for courses of less than a year. Multi-year Awards shall be paid and
renewed annually based on successful academic progress and appropriate
expenditure of the prior year's award.
The
Advisory Board anticipates dispersing approximately $70,000 annually in
Awards. The intent is to make both
Minor and Major Awards ranging from $1000 to $10,000.
When making
and renewing awards, a number of factors shall be considered in order to
prioritize amongst beneficiaries as to whether full, partial, or no award will
be granted. The factors to be considered are:
1. Economic potential of the trade or
profession chosen and degree, diploma or certificate sought
2. Financial need of the applicant
3. Academic achievement or trade skill of
the applicant
4. Cost and location of the educational institution relative to other equivalent educational options
5. Age of applicant; with priority being
given to youth
6. Equity amongst beneficiary groups
within the Huscroft Family
The
Advisory Board shall, on a regular basis, communicate with Huscroft
Beneficiaries who are eligible to receive Cash Awards so as to ensure such
Beneficiaries are aware of the award and the criteria for obtaining the same.
The
recommendations of the Advisors with respect to awards shall be final. The recommendations of the Advisory
Board shall be communicated by the Chairperson to the Huscroft Beneficiaries.
The
Huscroft Beneficiaries are eligible members of the Huscroft Family as defined
here. No other more distant
relatives are legally eligible for support.
The
Huscroft Family in turn consists of Five Groups plus adopted children or
equivalents:
1.The
Dulce Huscroft Family Group
This consists of the grandchildren of Pedro & Jorgina
Facuri and the decendents of these grandchildren.
2.The
Kevin Huscroft Family Group
This consists of the grandchildren of Kate & Ken
Huscroft and the decendents of these grandchildren.
3.The
Pat Huscroft Family Group
This consists of the grandchildren of James & Selma
Corwin and the decendents of these grandchildren.
4.The
Ken Huscroft Family Group
This consists of the great grandchildren of John Henry
Huscroft by either of his wives, Monna or Amy, and the decendents of these
great grandchildren, but excluding members of the Kevin Huscroft Family Group.
5.The
Kate Huscroft Family Group
This consists of the great grandchildren of John &
Muriel Riddell and the decendents of these great grandchildren, but excluding
members of the Kevin Huscroft Family Group.
6.Adopted
Children or Equivalent
The Trust has allowances for adopted children and children
brought into the family through special circumstances, as defined in the Trust
Deed. This is intended to be
inclusive of adopted children and children brought into the family through
marriage.
Huscroft
Beneficiaries must be over 18 years of age by the end of the calendar year in which
assistance is to be received.