How much does the PBACF charge in administrative fees?
2% of our total funds. That’s just two cents of every dollar donated. Compare that to other charities you give to! What if we fail to meet the $10,000 minimum requirement in three years? Because donations are tax-deductible, the government disallows reimbursement of funds on which a tax write-off has already been taken. Whatever funds there are will be disbursed for educational purposes, according to our Mission. But we made it — in just under two years! Our scholarship will be awarded in perpetuity from now on, and will continue growing as our contributions accrue! What are the criteria for awarding scholarships? Financial need, community leadership, academic performance and potential to succeed are the primary factors considered, though none are a determining factor. Who is the Scholarship Selection Advisory Committee? Who will publicize the scholarship and disburse/receive applications? In all but exceptional cases, this should be the high school guidance counselor working with the
