What awards does New Horizons for Women Trust administer?
Second Chance Education Awards Degree/Diploma Study Awards:
Second Chance Education Degree/Diploma Study awards are made available to women who do not yet have a qualification higher than NZQA Level 4 and who are currently studying towards a Degree or Diploma qualification that is being delivered by a NZQA approved organisation. Awards are offered in two age groups, under 25 years of age and over 25 years of age.
A Second Chance Education Degree/Diploma award is made for a minimum of $3000 per award, with a $300 administration charge.
Second Chance Education Foundation Study Awards
Second Chance Education Foundation Study awards are made available to women who have not previously gained a tertiary qualification higher than NZQA level 3 and who are currently studying towards a Foundation Studies programme at NZQA Level 3 or 4 that is being delivered by a NZQA approved organisation. Awards are offered in two age groups, under 25 years of age and over 25 years of age.
A Foundation Study award is $1000 with an administration contribution of $100.
Research Awards are made for research that benefits women and girls. They are currently made for a minimum of $5000 per award with a $500 administration charge.
Other Awards or Specific Purpose awards
New Horizons for Women Trust administers a variety of awards that promote the Trust’s objectives. Some examples of these awards are the Zonta Cub of South Auckland Trades Award which is made available for a woman who lives in South Auckland and who is under the age of 35 and enrolled in a programme of study that will prepare her for an apprenticeship in a trades field. Another example of this type of specific purpose award is the Sonja Davies Peace Award that is available to a woman, or a group led by a woman, who are developing an initiative that will help create a more peaceful world at home, school, workplace or the community.
Sponsoring an Award
The sponsor of an award has the opportunity to name the award that they sponsor. However, final approval for the name of any award rests with NHWT.
Special conditions may be agreed to for a sponsored award, as long as these fall within the objectives of the Trust. For example, applicants may be required to be studying in a particular area or need to be residing in a particular locality or region
Endowment of a named award in perpetuity
The interest of an endowment funds the award. The capital of a “ring fenced” fund is not touched. Generally, these awards are annual or biennial.
A small percentage of the interest generated goes to the Trust’s general fund to cover costs of the award ceremony and administration. Sufficient interest is retained in the fund to increase the value of the award over time.
Endowment funds are the subject of a signed memorandum of understanding between the donor and the Trust. A range of special conditions may be agreed upon.
The investment required to endow a Second Chance Education Award in perpetuity is from $65000. The investment required to endow a research award is from $100,000.
A named award for several years
A donation that is more than that required to fund a single award, but not sufficient to fund an award in perpetuity is held in a diminishing fund. That is, both the interest and capital may be used to fund an award until the fund is exhausted.
The minimum investment is $10,000
Many of our awards are sponsored annually. An investment of $3300 will sponsor a named Second Chance Education Degree/Diploma award of $3000 and makes a contribution to the administration of the award.
Our Commitment to Sponsors
Stewardship of funds
The New Horizons for Women Trust has an exceptional record for stewardship of funds entrusted to it. We manage endowment funds of close to a million dollars and have excellent professional investment advisors. NHWT has not lost any capital during the round of financial collapses over the past two years.
Selection of awardees
The quality of our selection process is reflected in the high number of awardees who complete their degree qualifications successfully or complete research projects successfully with published outputs.
Relationship between Sponsor and Awardee
Your sponsored award goes to a selected individual woman. You will receive information about the awardee and will be invited to attend an award ceremony and present your award. Your sponsorship will be acknowledged on our web site and you will receive a report at least annually on the progress of the awardee until her qualification or research is completed. Awards may be anonymous and in this case you will still receive information on the awardee and her progress, but your details will remain confidential.
New Horizons for Women is a registered Charity. Donations over $5 are tax deductible. Contact New Horizons for Women Trust.
For more information about sponsoring an award contact us.