Scholarship Fund does not have a fixed fund from which scholarships are
allocated. Every year grants are received by the Fund from various parties and
every year all the funds that were received are divided. Accordingly, in any
particular year the Fund could grant more generous scholarships than in other
introduced a points method in order to evaluate the requests for scholarships.
c) Management convenes
weekly and examines the requests for scholarships.
d) Following the review
of the scholarship requests and submitted forms and the accumulation of all
points that were assigned to all the requests the point value in Shekels is
evaluated. Thus, it is not known in advance what the extent of the scholarship
is for any particular student until all requests have been examined and the
point value has been established.
e) The point value is
determined by means of the following simple formula: the sum total of the
Fund's income divided by the total of all points granted to all applications =