FAQ
Use this section to find answers to the most common questions we have regarding the fund and its purpose
Use this section to find answers to the most common questions we have regarding the fund and its purpose
What is the purpose of the fund?
What is the purpose of the fund?
The purpose of the Fund is to provide financial assistance in the education of the children of deceased, incapacitated or deprived mason
The purpose of the Fund is to provide financial assistance in the education of the children of deceased, incapacitated or deprived mason
Who is eligible for benefits from the fund?
Who is eligible for benefits from the fund?
The beneficiaries of the Fund shall be the dependent children of masons who, on their decease, incapacitation or deprivation were or are members in good standing of a subscribing Lodge in the Province of Newfoundland and Labrador under the jurisdiction of the Grand Lodge of Newfoundland and Labrador or the District Grand Lodge of Scotland.
The beneficiaries of the Fund shall be the dependent children of masons who, on their decease, incapacitation or deprivation were or are members in good standing of a subscribing Lodge in the Province of Newfoundland and Labrador under the jurisdiction of the Grand Lodge of Newfoundland and Labrador or the District Grand Lodge of Scotland.
The Executive Committee also reserves the right to extend benefits to the dependents of masons other than those described above. However, it must be clearly understood that those beneficiaries identified in the above paragraph must always have priority.
The Executive Committee also reserves the right to extend benefits to the dependents of masons other than those described above. However, it must be clearly understood that those beneficiaries identified in the above paragraph must always have priority.
What benefits are available to eligible school aged children (K-Gr. 12)?
What benefits are available to eligible school aged children (K-Gr. 12)?
The parent or guardian of eligible children shall be reimbursed for expenses directly related to the full participation of those children in all school programs normally required of students to maximum of:
The parent or guardian of eligible children shall be reimbursed for expenses directly related to the full participation of those children in all school programs normally required of students to maximum of:
1,500 per child per academic year from Kindergarten to Level III
1,500 per child per academic year from Kindergarten to Level III
Such expenses may include the cost of all textbooks, pencils, rulers, erasers, mathematical instruments (where required), or appropriate number of exercise books as required for each grade level and any other books or supplies, which shall, from time to time, be required for full participation on the regular school program.
Such expenses may include the cost of all textbooks, pencils, rulers, erasers, mathematical instruments (where required), or appropriate number of exercise books as required for each grade level and any other books or supplies, which shall, from time to time, be required for full participation on the regular school program.
The cost of gym shoes and appropriate uniforms (where required) are also eligible expenses under the regulation as is also any special fees such as skating fees, swimming fees, etc., which are normally required by all students.
The cost of gym shoes and appropriate uniforms (where required) are also eligible expenses under the regulation as is also any special fees such as skating fees, swimming fees, etc., which are normally required by all students.
Fees for private music lessons are not considered to be eligible expenses under the regulation.
Fees for private music lessons are not considered to be eligible expenses under the regulation.
Duly authenticated bills or receipts must be submitted for payment of all expenses listed above.
Duly authenticated bills or receipts must be submitted for payment of all expenses listed above.
What benefits are available to eligible post secondary students under the fund? (College, University, etc...)
What benefits are available to eligible post secondary students under the fund? (College, University, etc...)
Tuition and Books: Eligible students who are also eligible under Clause 4 of the General Regulations shall be reimbursed for the cost of tuition fees for any eight academic semesters amounting to the lessor of:
Tuition and Books: Eligible students who are also eligible under Clause 4 of the General Regulations shall be reimbursed for the cost of tuition fees for any eight academic semesters amounting to the lessor of:
1. Actual tuition paid per semester; or
1. Actual tuition paid per semester; or
2. $1,500.00 per semester.
2. $1,500.00 per semester.
Books and educational requirements will be reimbursed at a rate of $600 per semester.
Books and educational requirements will be reimbursed at a rate of $600 per semester.
Duly authenticated receipts must be submitted for repayment of all expenses listed above.
Duly authenticated receipts must be submitted for repayment of all expenses listed above.
Does the fund provide any grants for students attending post secondary education?
Does the fund provide any grants for students attending post secondary education?
To students enrolled in first, second, third or forth year at any approved post-secondary institution, grants of $1000 shall be made on the basis of need, as determined by the Executive Committee. Students receiving grants must reapply for each year of enrolment.
To students enrolled in first, second, third or forth year at any approved post-secondary institution, grants of $1000 shall be made on the basis of need, as determined by the Executive Committee. Students receiving grants must reapply for each year of enrolment.
The number and provision of such grants will be subject to review by the Executive Committee
The number and provision of such grants will be subject to review by the Executive Committee
To be eligible for a grant, a student must be a dependent child of a member (or a child for whom the member is guardian) who is currently or at the time of his death was in good standing of a Masonic Lodge in Newfoundland and Labrador that subscribes to the Fund.
To be eligible for a grant, a student must be a dependent child of a member (or a child for whom the member is guardian) who is currently or at the time of his death was in good standing of a Masonic Lodge in Newfoundland and Labrador that subscribes to the Fund.
An application for a grant must be submitted on an official form supplied by the Executive Committee.
An application for a grant must be submitted on an official form supplied by the Executive Committee.
When is the deadline for applying for scholarships from the fund?
When is the deadline for applying for scholarships from the fund?
The deadline for applying for scholarships from the fund is OCTOBER 31ST of each year.
The deadline for applying for scholarships from the fund is OCTOBER 31ST of each year.
Who can apply for a scholarship and how many are awarded?
Who can apply for a scholarship and how many are awarded?
To be eligible for a scholarship, a student must be a dependent child or grandchild of a member (or a child for whom the member is guardian) who is currently or at the time of his death was in good standing of a Masonic Lodge in Newfoundland and Labrador that subscribes to the Fund and have graduated high school in June of the application year.
To be eligible for a scholarship, a student must be a dependent child or grandchild of a member (or a child for whom the member is guardian) who is currently or at the time of his death was in good standing of a Masonic Lodge in Newfoundland and Labrador that subscribes to the Fund and have graduated high school in June of the application year.
Six scholarships of seven hundred and fifty dollars ($750) each are available annually to eligible high school graduates entering an approved post-secondary institution
Six scholarships of seven hundred and fifty dollars ($750) each are available annually to eligible high school graduates entering an approved post-secondary institution
Are there any other types of financial assistance that students in post secondary can apply for?
Are there any other types of financial assistance that students in post secondary can apply for?
The Fund can only disburse a maximum of Five Thousand Dollars ($5,000) per year in additional new interest free loans provided the total amount of loans outstanding does not exceed Thirty Thousand Dollars ($30,000).
The Fund can only disburse a maximum of Five Thousand Dollars ($5,000) per year in additional new interest free loans provided the total amount of loans outstanding does not exceed Thirty Thousand Dollars ($30,000).
These loans are available to eligible students to enable them to attend a university or any other approved recognized post secondary institution. The maximum value of this assistance is a Twenty-Five Hundred Dollars ($2,500) lifetime loan limit per student.
These loans are available to eligible students to enable them to attend a university or any other approved recognized post secondary institution. The maximum value of this assistance is a Twenty-Five Hundred Dollars ($2,500) lifetime loan limit per student.
To be eligible for an interest free loan, a student must comply with the following regulations:
To be eligible for an interest free loan, a student must comply with the following regulations:
1. An applicant for a loan must be eligible under Clause 4 of the General Regulations.
1. An applicant for a loan must be eligible under Clause 4 of the General Regulations.
2. A loan will be awarded to eligible students who, if their application is successful, will attend an approved university or technical school or college or any post secondary institution approved by the Executive.
2. A loan will be awarded to eligible students who, if their application is successful, will attend an approved university or technical school or college or any post secondary institution approved by the Executive.
3. The applicant must show proof that he/she has been accepted for the post-secondary institution for which the loan is required.
3. The applicant must show proof that he/she has been accepted for the post-secondary institution for which the loan is required.
4. An application for a loan must be made on the official form provided by the Executive Committee.
4. An application for a loan must be made on the official form provided by the Executive Committee.
6. The loan will be advanced only after the student has enrolled in the institution for which it was granted.
6. The loan will be advanced only after the student has enrolled in the institution for which it was granted.
7. The holder of a loan must, at the end of each semester, submit to the Executive Committee an official transcript from the post secondary institution he/she is attending, together with a new application for a further loan, if required. The Executive Committee reserves the right to discontinue any or all further loans if, in its considered opinion, the student’s progress is not satisfactory.
7. The holder of a loan must, at the end of each semester, submit to the Executive Committee an official transcript from the post secondary institution he/she is attending, together with a new application for a further loan, if required. The Executive Committee reserves the right to discontinue any or all further loans if, in its considered opinion, the student’s progress is not satisfactory.
8. All such loans from the Fund are repayable in equal monthly payments six months after graduation or withdrawal from the institution as agreed in the loan application.
8. All such loans from the Fund are repayable in equal monthly payments six months after graduation or withdrawal from the institution as agreed in the loan application.
What are the primary types of investments the fund has?
What are the primary types of investments the fund has?
The fund primarily invests in Low Risk Investments.
The fund primarily invests in Low Risk Investments.
Low Risk Investments, for the purposes of the fund, are considered to be the following:
Low Risk Investments, for the purposes of the fund, are considered to be the following:
Savings Accounts, Bonds, Guaranteed Investment Certificates, Treasury Bills.
Savings Accounts, Bonds, Guaranteed Investment Certificates, Treasury Bills.