The award recognizes young people who combine academic success with contribution to the service of others and extra-curricular activities. There are two categories: A Junior Bursary of $250 to a student in grades 8 to 11 and a Senior Bursary of $500 to a student pursuing any level of post secondary education.
To apply, students are required to supply the most recent transcript of their grades together with a summary of their non-academic accomplishments, not to exceed five hundred words. Any extra-curricular activities such as sports, yearbook team, stage productions, choir, band, etc that show effort and discipline should be included.
Annual applications should be mailed by April 30th to AFT Trivest Management, attention: Scholarship Committee, 2227 Folkestone Way, West Vancouver BC V7S 2Y6.
Applicants will be judged by a committee of three independent persons appointed by AFT Trivest Management Inc. Relatives of committee members are not eligible to apply for bursaries. Winners will be announced in early June. The committee's decision is final. Winners are not eligible to re-apply for the year immediately following their award but may do so thereafter.
Junior Bursary proceeds will be contributed to the winners' Trivest-managed Registered Educational Savings Plan. Senior Bursary proceeds will be paid to the winner upon proof of post secondary enrollment.
Students who have won a Junior Bursary but do not use the proceeds in accordance with the regulations outlined by the Registered Educational Savings Plan forfeit the principal. In such a situation the rules outlined by the Registered Educational Savings Plan will apply.
Students who win the Senior Bursary must utilize the funds within two years otherwise the award is forfeited.
These sums are taxable as bursary income under the Income Tax Act and will be T4A'd. They will qualify for the scholarship exemption.