An investment in knowledge pays the best interest.
-Benjamin Franklin-
ABOUT THE FOUNDATION
Finances
Grant Distributions
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The Foundation aims to fund operating expenses and charitable distributions solely through the income on investment of its liquid assets. The Foundation aims to make annual charitable distributions equivalent to approximately 5% of its liquid assets, primarily through scholarships and long term preferential loans.
Grant Making Procedures
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All grant making will be made in keeping with the stated objectives of the Foundation.
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Grants will be made directly to the recipients and/or directly to their educational institutions, as determined by the Trustees in consultation with the Board of Advisors.
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Applications must be made to the Foundation¹s Beirut office.
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Important factors in the decision making process will include the level of disadvantage and the level of academic potential.
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Any form of disadvantage may be considered for qualification, although the primary focus will be on economic disadvantage.
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Past academic achievement and future academic potential will be considered, through school reports and through recommendations from teachers and other responsible professionals.