IV.Q. BSC Emergency Grant Program: Difference between revisions
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==1. The Grant Fund== | ===1. The Grant Fund=== | ||
:a. Emergency grants shall be funded through the Scholarship Fund. See §IV.P.1 of the Policy Directory. | :a. Emergency grants shall be funded through the Scholarship Fund. See §IV.P.1 of the Policy Directory. | ||
:b. At the end of the fiscal year, any unused funds that had been allotted for grants shall be rolled into the Scholarship Fund. | :b. At the end of the fiscal year, any unused funds that had been allotted for grants shall be rolled into the Scholarship Fund. | ||
==2. Grant Funding== | ===2. Grant Funding=== | ||
:a. The emergency grant program shall be funded out of the annual distribution of funds from the scholarship program. | :a. The emergency grant program shall be funded out of the annual distribution of funds from the scholarship program. | ||
:b. The exact amount budgeted for emergency grants shall be decided by the Capital and Finance Committee. | :b. The exact amount budgeted for emergency grants shall be decided by the Capital and Finance Committee. | ||
==3. Grant Applications== | ===3. Grant Applications=== | ||
:a. Current members may apply for emergency grants at any time, unless they could reasonably apply for a traditional BSC Scholarship. Staff shall advertise the grant on the website and make a good-faith effort to inform all students with delinquent rent of the emergency grants and the application process. | :a. Current members may apply for emergency grants at any time, unless they could reasonably apply for a traditional BSC Scholarship. Staff shall advertise the grant on the website and make a good-faith effort to inform all students with delinquent rent of the emergency grants and the application process. | ||
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:c. The Administrative Team may identify good candidates for emergency grants even if they have not specifically applied for a grant. | :c. The Administrative Team may identify good candidates for emergency grants even if they have not specifically applied for a grant. | ||
==4. Awarding Grants== | ===4. Awarding Grants=== | ||
:a. Grant applications shall be awarded by consensus of | :a. Grant applications shall be awarded by consensus of the Operations Manager and the AdCom Assistant. | ||
:b. Grants shall only be awarded upon the determination of dire unexpected financial need such that, given cost of living expenses and without a grant, the applicant would be unable to remain a member of the BSC. | :b. Grants shall only be awarded upon the determination of dire unexpected financial need such that, given cost of living expenses and without a grant, the applicant would be unable to remain a member of the BSC. | ||
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:f. No member may receive a grant more than once per academic year. | :f. No member may receive a grant more than once per academic year. | ||
==5. Grant Distribution== | :g. (Once the BSCAA Grant Money is depleted) temporarily amend the Emergency Grant Policy to make members eligible for the Emergency Grant once per contract period with an annual cap of $5,000 dispersal and one-time cap of $2500 per request. | ||
===5. Grant Distribution=== | |||
:a. Emergency Grants shall be distributed only as rent credit to the applicant’s account and shall only offset rent, room, and/or board charges. | :a. Emergency Grants shall be distributed only as rent credit to the applicant’s account and shall only offset rent, room, and/or board charges. | ||
:b. Emergency Grants shall not be distributed in any form other than credits to the member’s account. | :b. Emergency Grants shall not be distributed in any form other than credits to the member’s account. | ||
[''Board approved 11/2016. Last updated 5/2020''. Last updated per IACom 03.20.2023] | |||
[[Category:Section IV - Finances]] [[Category:Policy|Emergency Grant]] |
Latest revision as of 13:21, 26 January 2024
1. The Grant Fund
- a. Emergency grants shall be funded through the Scholarship Fund. See §IV.P.1 of the Policy Directory.
- b. At the end of the fiscal year, any unused funds that had been allotted for grants shall be rolled into the Scholarship Fund.
2. Grant Funding
- a. The emergency grant program shall be funded out of the annual distribution of funds from the scholarship program.
- b. The exact amount budgeted for emergency grants shall be decided by the Capital and Finance Committee.
3. Grant Applications
- a. Current members may apply for emergency grants at any time, unless they could reasonably apply for a traditional BSC Scholarship. Staff shall advertise the grant on the website and make a good-faith effort to inform all students with delinquent rent of the emergency grants and the application process.
- b. Applications shall be made through the traditional administrative request process.
- c. The Administrative Team may identify good candidates for emergency grants even if they have not specifically applied for a grant.
4. Awarding Grants
- a. Grant applications shall be awarded by consensus of the Operations Manager and the AdCom Assistant.
- b. Grants shall only be awarded upon the determination of dire unexpected financial need such that, given cost of living expenses and without a grant, the applicant would be unable to remain a member of the BSC.
- c. Only in exceptional circumstances should grants be awarded to members not in good standing, e.g. members paying off excessive house bills, in danger of conduct/student status/workshift termination, etc.
- d. There is no mandate to disburse the entirety of the grant fund each year.
- e. No single grant may exceed $1,000.00, though the amount need not be limited to the charges currently on the applicant’s account.
- f. No member may receive a grant more than once per academic year.
- g. (Once the BSCAA Grant Money is depleted) temporarily amend the Emergency Grant Policy to make members eligible for the Emergency Grant once per contract period with an annual cap of $5,000 dispersal and one-time cap of $2500 per request.
5. Grant Distribution
- a. Emergency Grants shall be distributed only as rent credit to the applicant’s account and shall only offset rent, room, and/or board charges.
- b. Emergency Grants shall not be distributed in any form other than credits to the member’s account.
[Board approved 11/2016. Last updated 5/2020. Last updated per IACom 03.20.2023]