The CHASE Fund
CHASE Fund stands for the Culture, Health, Arts, Sports and Education Fund (CHASE) was incorporated in Jamaica on November 25, 2002 and began its operations in January 2003. It was registered under the Companies Act to receive, distribute, administer and manage the monetary contributions from the lottery companies pursuant to Section 59G of the betting Gaming and Lotteries Act, in connection with and funds allocation as follows:
- Sports Development – 40%
- Early Childhood Education – 25%
- Health – 20%
- Arts and Culture – 15%
The rationale for the establishment of the CHASE Fund scholarships hinges on the assumption of greater efficiencies to be realized from a central administration of these funds, which represents taxes foregone from donors.
CHASE Fund Scholarships
CHASE fund administered scholarships are available annually and are allocated based on the previous allocation percentile as above.
- Scholarship Application Form & Policy– Arts and Culture
- Scholarship Application Form & Policy – Early Childhood Education
- Scholarship Application Form & Policy– Health
The CHASE Fund program is one of many local free education financing foundations and funds that students like you can obtain financial aid assistance from. Other local Major Scholarship Foundations can be reviewed on our best local scholarship foundation listing.
CHASE Fund Requirements
The main CHASE Fund scholarship application requirements are outlined on their website or through scholarship advertisements in April or May each year. Application forms are available at the Office of the Early Childhood Commission located at 8-10 Ocean Boulevard, Kingston and on the CHASE Fund’s website at www.chase.org.jm.
The CHASE Fund financial aid programs will provide support for tuition only. A maximum of 80% of tuition per annum will be covered by the award 9 students must find funding for the balance through a loan, savings or other awards). Recipients receiving scholarship awards in excess of $300,000 will be bonded according to the Ministry of Finance (MOF) policy – see bonding policy.
Applicants are required to maintain a “B” average during the full term of the programme. For the selection of the CHASE Fund scholarship awardees, the Scholarship Committee comprises of a representative from the CHASE Fund; the Early Childhood Commission (ECC); the Tertiary Unit (Ministry of Education) and the Teachers’ Colleges.
- Be a Jamaican Citizen
- Applicants must demonstrate exceptional performance in key areas of academic achievement, contribution to community, school and workplace.
- Complete an application form
- Provide an official transcript
- Must have achieved at least a B average (GPA of 3.0) in the previous academic year
- Preference will be given to applicants who are employed to an Early Childhood Institution
- Provide an acceptance letter from the Institution/College.
- Provide a recommendation from the Education Officer/Development Officer and Parish School Board