Principles for disbursement are as follows:
- Recipient individuals or organisations must have a focus on vocational and technical education and/or education generally and/or be involved with the acquisition of English language skills
- The prime, but not exclusive, focus is on recipients living in Chisholm’s principal catchment area as defined in the Chisholm Campus, Local Government and Industry Summaries 2005 and as defined from time to time
- Disbursement of funds outside the principal catchment area will be subject to the specific approval of the Board of Trustees and will not involve compromise with other principles
- Disbursement of funds will generally be made with consideration of the maximum benefit to the most number of people
- Foundation funds will not be applied to capital works except where –
- the amount involved does not exceed $10,000
- building materials are predominantly funded from another source
- on-the-job training for students is involved
- Foundation funds will not be used for equipment items greater than $2,000 unless a special purpose is endorsed by the Trustees.
- The Foundation may enter into partnerships with other philanthropic not-for-profit organisations providing this will not involve compromise with other principles
- Funds will not be applied to any individual, project or organisation that would imply political affiliation, ideological support or cultural judgement
- Specific guidelines are developed for each funding initiative of the Foundation. The Foundation only disburses funds within specific guidelines for each grant type and does not provide grants outside of guidelines endorsed by the Trustees. Guidelines are developed in accordance with disbursement priorities determined by the Trustees and available on the Foundation website.
Eligibility of Recipient Individuals
Examples of individuals considered under this category may include those who have experienced
§ individual or family adversity
§ excessive relocation or changes of school
§ relocation as a refugee
§ economic barriers to further study
The Foundation may require evidence of disadvantage to be produced.
Eligibility of Recipient Organisations
Disbursement of funds to organisations will be considered only in the following circumstances:
§ Where organisations operate on a not-for-profit basis
§ Where funding will support individuals whose profile is consistent with the principles outlined in Item 3 above
§ Where organisational philosophy and operation complies with the principles in Item 2 (a), (b), (c), (d), (e), (f), (g), (h) and (i) as outlined
Funds may be provided in the form of Scholarships, Studentships, Fellowships, Bursaries, Project and New Initiative funding
§ Scholarship - Grant to a student for payment of TAFE fees
§ Studentship - Grant to a student undertaking studies in ongoing vocational education
§ Fellowship - Grant for research, project work or travel associated with educational support available to staff members
§ Bursary - A non-repayable monetary grant based on financial need for fees, materials or equipment
§ Project or New Initiative Grant – Provision of a funding allowance for a specific educational purpose that may be for an individual, group or organisation
Guidelines developed for each award provide details on funding available and the disbursement process.