Living in The Philippines > Education in the Philippines

Setting up a scholarship fund

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rlay1:
Long time lurker, first time poster.

I am looking at establishing a scholarship at a provincial state high school for children from disadvantaged backgrounds.

It is the same high school that my asawa attended, so we already know the principal and teachers there.

As I understand it, there are no tuition fees and only an annual P500 contribution payable.

We will be in PH next month and will visit the school with the objective of setting up the scholarship fund.

So my questions for the brains trust are:
- What type of criteria should be put in place to ensure the most appropriate candidate is chosen?
- What would be a reasonable amount for the scholarship?
- Would giving a cash handout even be a wise idea?
- Any other advice?

NB: Whilst I appreciate that there is an introductions section in this forum, I do not wish to identify myself any further.

Regards,

R.

Lee2:
Welcome to the forum. I will only comment on one aspect and it comes from my personal experience, it were me, then I would pay the contribution directly to the school for the students rather than give the students the cash, or it will very likely be long gone by the time they need it.

JoeLP:
I know a guy who loved college football. He literally had over 12 season tickets to both Michigan State University games and University of Michigan games.  But, for whatever reason, he hated going to the yearly MSU v UM games and would donate those to the school under specific regulations.  Students needed to be athletes, be on honor roll, and more. 
Anyway, he was talking to my dad about what went into setting those up and it was pretty crazy with lawyer papers and fees.  He had the money and did it and I am sure he's now dead and if his plans were continued to his wishes, that school is still getting the tickets for the students that qualify and are chosen. 
Not sure what exactly you are looking at, but if your plan is just to have an account opened in a trust setup or some form like that and have a set amount of money withdrawn every year/month...probably need to do the lawyer thing also.
If you and your wife trust someone in the school system to be honest and not say more students need it than really do so they can skim...then that would be a nice setup.  Just have them call/email you the information and send the school the money for it.  Use a Western Union/Xoom.com or some form to send the money when needed.
I'm just spit balling.  Not sure really what is needed to be setup to run a scholarship setup.  But I do agree with Lee 100%.  Give the money to the school to pay for the kid's need, not to the kids/parents themselves.  That will often lead for your scholarship paying for Red Horse rather than schooling needs.

iamjames:

--- Quote from: rlay1 on May 25, 2018, 05:53:02 AM ---

As I understand it, there are no tuition fees and only an annual P500 contribution payable.

We will be in PH next month and will visit the school with the objective of setting up the scholarship fund.

R.

--- End quote ---

Must be a mistake there. I have never paid school fees for students at less than 3,500 per semester. Add in accommodation, food and school materials and it grows quite a bit.
A $10 per annum scholarship does not sound realistic.

FastWalk:
Sounds like a nice idea.  Consider why you wish to do this.  There are plenty of existing charity set up that are happy to get donations.  One idea is to train and fund a small org with a goal to reach out to poor students to help them locate and compete for existing grants.  I would discourage from handing out a cash grant. 

Would you want to be hands on or just looking to provide funding?  I recall in the past disaster aid in province areas that aid can readily be stolen if not closely watched by the contributor. 

Good luck,  sounds fun.

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