Bursaries
There are two categories: A Junior Bursary of $500 to a student in Grades 8 to 11 and a Senior Bursary of $1000 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 500 words. Any extra-curricular activities indicating leadership, volunteerism and involvement that show effort and discipline should be included. For instance, such things might include sports, yearbook team, stage production, choir, band, etc.
The Junior Bursary proceeds will be contributed to the winner's Registered Educational Savings Plan, which also qualifies for the government grant. The Senior Bursary proceeds will be paid directly 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.
Please note that these sums are taxable as bursary income under the Income Tax Act and will be T4A'd to the individual receiving the funds. They will however qualify for the scholarship exemption.
Annual applications must be mailed by April 30th to:
Nilson & Co./A.F.T. 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 us. 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 in the same category for the year immediately following their award.