HUSCROFT EDUCATIONAL TRUST

 

Guiding Principles

 

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.

 

Goals

 

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 qualifying 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.

 

Award Application

 

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.

 

Award Purposes

 

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.

 

Award Payment

 

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.

 

Award Prioritization

 

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

 

Non-Qualifying Universities or Institutions

 

Awards will not be made to fund education at any university or educational institution that mandates study of, or adherence to, a single religion or political ideology other than non-denominational Christianity or Democracy, or that admits students based on membership in an exclusive racial, ethnic, religious, political or gender group.

 

Award Communication

 

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.

 

Beneficiary Groups

 

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.  Note that the children of John Henry Huscroft are Irene Olga (Huscroft) Mitchell, Elmer Wigen Huscroft, Lawrence Burton Huscroft, Leonard Wyatt Huscroft, Warren Leslie Huscroft, Irwin Kenneth Huscroft, Dawn Elaine (Huscroft) Sommerfeld, Donald William Huscroft & Shirley May (Huscroft) Edis.

 

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.  Note that the children of John & Muriel Riddell are Kate Doris (Riddell) Huscroft & James Douglas Alexander Riddell.

 

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.  To be brought into the family through marriage, a child must primarily reside with and be parented by the family member through whom beneficiary rights are conferred, as documented by legal decree or agreement or by historical fact.

 

Huscroft Beneficiaries must be over 18 years of age by the end of the calendar year in which assistance is to be received.