To preserve Chris’ legacy and award scholarships to as many deserving students as possible, for as long as possible, the founders and board have decided to aim for preservation of the Fund’s principal assets as a guiding principle (although tax law may require larger disbursements from time to time). Continuing contributions by many generous donors and conservative asset management have enabled us to do so, and grow the Fund over time.
The current amount of each annual scholarship is $8,000. Generally the board attempts to grow the award according to the observed growth in cost for studying abroad. The amount is purposefully chosen to not constitute an effective full scholarship, although it may be a substantial portion of the overall financial need.
As the Fund grows the board may decide to award more scholarships, increase the amount, or both.
