New Zealand Redwood Company Scholarship

In February 2018, the Board of the NZIF Foundation agreed to accept a donation from The New Zealand Redwood Company and agreed to establish the New Zealand Redwood Company Scholarship on the terms set out below:

Availability in 2021

The Foundation is offering one scholarship of $5,000 in 2021.

Purpose:

Scholarship available to students at the University of Canterbury, enrolled for a Bachelor of Forestry Science.

Funding:

Donation of NZD 5,000/year for a minimum of five consecutive years from The New Zealand Redwood Company

Size and term of Award

One scholarship of NZD 5,000/year to be offered annually until the funding pool is exhausted.  The Foundation reserves the right to not make an award in any year when, in its opinion, there is no suitable applicant.

Application Process

The Foundation will annually call for applications for the scholarship and will determine those applicants who will receive the scholarship.  The Foundation will notify The New Zealand Redwood Company of the chosen applicant before making the award.

Applications should be made on the NZIF Foundation 2021 Applicant Form, see here.

Accounting

Rather than establishing a separate fund within the Foundation accounts, the Foundation Board has made a commitment to The New Zealand Redwood Company that it will offer the scholarships as described under the heading “Funding” above.  This will simplify the Foundation’s accounts (The commitment will be recorded in the accounts each year until the obligations are completed).

RECORD OF AWARDS

Year

Awardee

Topic

Amount

2020

Phoebe Milne, 3rd year B For.Sc student at University of Canterbury

 

$5,000

2019

Georgia Craig, 4th year B.For.Sc (Hons) student at University of Canterbury

Impact of log storage on air quality

$5,000

2018

Mat Curry, 4th year B For Sc student at Canterbury University

 

$5,000 

FUNDING

(This fund is a declining one – awards cease when balance is $0)

Date

 

Additions

Deductions

Balance of Fund

Balance at 1/4/17

 

 

 

0.00

March 2018

Donation from NZ Redwood Company

$5,000.00

 

$5,000.00

July 2018

Award to Mat Curry

 

$,5000.00

0

September 2018

Donation from NZ Redwood Company

$5,000.00

 

$5,000.00

August 2019 

Award to Georgia Craig

      $5,000.00

0

September 2019

Donation from NZ Redwood Company

   $5,000.00  

$5,000.00

June 2020

Award to Phoebe Milne

      $5,000.00

0

March 2021

Donation from NZ Redwood Company

    $5000.00  

$5000.00