Sale Educational Foundation

nts who are in most financial need. The Awards are restricted to persons who have been resident in the geographical area of the former Borough of Sale Since 1st January of the year but one preceding the year of application. For example, a student qualifying
for an Award in November 2012 would have to have resided in the area from 1st January, 2010. Should the permanent residence of the student cease to be within this area, Trustees may terminate the Award. An AWARD takes the form of a financial payment to a maximum of £250 annually for a total of three years only to assist a student undertaking a course of higher education at a University, College or other recognised educational establishment. Given the crisis in the banking industry however, and the consequential affect on the charity’s investments, it may be
necessary for the Trustees to reduce this annual grant.