How does KEATCA's sharing model work?
Our goal is to promote development through education for all by connecting those who desire to share financial and other resources with those who are in need. We aim to improve the quality of life of the recipients without discriminating based on race, color, ability, religion, sex, sexual orientation, gender identity etc.
We believe that increasingly individuals, businesses, corporations, unions and even recipients will become contributors assisting more individuals and families to benefit from education.
Who reviews my grant application?
All applications received will be submitted to one of several ad-hoc arms-length selection committees for review based on the selection criteria. Applications will be short-listed and prioritized. Committee members will recommend the amount of the grant needed per student to fill financial gaps.
The decisions of the selection committees will be reviewed by the KEATCA Grants Committee. The committee will select the candidates and decide on the amount of money to be granted. The decision of this committee is final and without appeal.
Who can donate money to KEATCA and where?
Anyone can donate money to KEATCA. Money can be donated directly to our Vancouver City Community Foundation (Foundation) account.
Does KEATCA provide a tax receipt for donations?
The Foundation automatically issues all donors Canadian tax receipts for donations over $20.00.
How much of the endowment money is used for educational grants?
100% of the money from the Endowment (except for the 1% expense paid annually to the Foundation for administration of the Fund) goes to education. The Foundation receives the funds, issues charitable receipts where needed, invests the funds, produces reports, and ensures that funds are disbursed to legitimate registered Canadian Charities only.
Who Can Volunteer?
Anyone can volunteer. We are in the process of developing criteria to engage volunteers. Let us know of your specific skill set or how you would like to volunteer and we will contact you.
Who can receive individual grants from KEATCA?
Anyone studying or planning to study in a post-secondary public educational institution in Canada and meets the selection criteria can apply for grants.
People studying out of Canada can receive funding only if sponsored through a registered Canadian charitable organization (Partner Organization).
Do you have to be a permanent resident or citizen of Canada to receive grants?
No, you do not have to be a permanent resident or citizen of Canada to receive grants. Foreign students are equally eligible if they meet the individual criteria.
We do not assist students in getting student visas for getting an education in Canada. Foreign students are responsible to ensure their entry into Canada to receive grants.
Can a KEATCA grant work in addition to student loans?
Yes, KEATCA grants can work with student loans. Our future recipients should come out of school without excessive financial burden. It's a contribution to a person's education so that they may continue with their education with the help of the community.
Must KEATCA grants be returned?
No, KEATCA provides grants, not loans. No one is required to reimburse any money received. We hope, however, that recipients will, when possible, become contributors towards the improvement of the lives of their families, friends, and the larger community.
Can KEATCA pay for expenses other than fees (e.g. textbooks, living expenses)?
Individual grants must be deposited directly to Canadian post-secondary institutions; consequently, KEATCA will not cover costs of textbooks or living expenses.
Grants through Canadian Partner Organizations have flexibility and we can discuss this with the sponsoring partner organizations.
Can you give me an example of a Partner organization?
A Partner Organization is any organization, which is a Registered Canadian Charity. As the main goal of KEATCA is to promote development through education, partner organizations must reflect similar goals towards education in Canada and/or around the world.
Present examples include – Because I am a Girl, Malala Fund, Canadian Harambee Education Society, Cambodia Now etc.
The long-term vision for KEATCA is that Canadian charitable groups promoting education around the world would become our partners. They will identify, sponsor and help disburse funds to students.
How do I know that the partner organization disburses the full amount to me?
We at KEATCA value transparency and accountability and expect our partner organizations to follow the same. If your application is approved, you will receive a confirmation email alongside the partner organization with the amount of your grant. Costs foreseen are – 1. Bank Transfer Fee and 2. Any loss in currency conversion.