The management of the Scholarship Fund comprises a
minimum of seven people, one of which represents the organization for
Immigrants from the Netherlands in Israel (IOH).
board members are immigrants from The Netherlands and perform their tasks on a
completely voluntary basis, without any form of remuneration and refund of
expenses, exclusive of office and post office costs.
management elects, from its midst, the chairman, deputy chairman, treasurer and
the annual general assembly the management determines the regulations and
working procedures, reviews the report submitted by the internal-control
subcommittee of the Scholarship and reports to the registrar of non-profit
associations, (Amutot) in accordance with the law, on any changes in the
regulations authorized signatures, and the financial reports controlled by a
CPA, for the current year.
convenes during the months January – March to examine the requests for
scholarships. Every request is valued by a state of the art software program
and is automatically assigned system points according to the details of the
applicant. Management is authorized to add or subtract system points to a
request according to special conditions of the applicant. After all requests
that were received have been duly scrutinized and awarded system points have
been accumulated, the point value in Shekels is evaluated. The product of the
point value by the number of points that each applicant received determines the
height of the scholarship.