Finding the funds to attend College full-time is challenging. Many need to obtain varied forms of support to make it possible. Some students may have already built a financial support base before coming to College, others perhaps not.
The College is committed to providing financial support to our students that will support them to continue in their studies. The Student Support Fund is a way to provide this type of additional support, particularly for living expenses. This involves encouraging and supporting our students to seek funding support while at College. The Student Support Fund is administered with the security of the Moore College accounts system. The College encourages all students to be part of the Student Support Fund and the Moore College Foundation provides them with appropriate supervision and support. Funds raised for the Student Support Fund are raised by the College for the support of our students. Members of the Student Support Fund are agents of the College gathering support for the fund.
The fund was created to help students to be financially supported during their time at College instead of relying just on scholarships, paid work, FEE-Help, other government assistance, etc. As well as helping students to gain support, we’re aware that many full-time ministry roles require some element of fundraising. So, our students are learning helpful skills for a lifetime of ministry.
All Moore College students currently enrolled in an on campus accredited Moore College course are eligible to be part of the Student Support Fund.
Future students can register for the Student Support Fund once they have been accepted into their Moore College course. However, no grant payments will be made to them until after the census date for their first term at College each year.
All funds raised are pooled and distributed to Student Support Fund members in accordance with the relevant guidelines determined by the College. Depending on the availability of funds in the SSF and the circumstances of a student, the College may, at its own discretion, change the amount of financial support from time to time. College will retain all funds paid into the Student Support Fund if any future student does not commence studying at College after enrolling, or if any current student ceases studying at College. Members have no personal entitlement in respect of funds raised for the Student Support Fund, and payments will be made out of the Student Support Fund in the form of grants.
Student Support Fund members need to seek independent advice as to whether the grants may have any impact on their personal taxable income or government support.
Eligible students can apply using the form. For any questions, please contact the Moore College Foundation Department on +61 (0)2 9577 9929 or email@example.com.
The Moore College Foundation Department assesses applications to decide the level of funding to be granted from the Student Support Fund, as well as any special conditions. All members of the Student Support Fund are required to fundraise on behalf of the College as a condition of being eligible to obtain grants from the fund. The Foundation Department decides and communicates fundraising targets and payment amounts in consultation with fund members.
The Foundation Department is responsible for specifying the amounts to be given to Student Support Fund members as grants. It also reserves the right to withdraw or reduce funding where students don’t reach fundraising targets, don’t follow guidance provided, if financial circumstances change, or if the Student Support Fund does not have sufficient funds to continue supporting the students. In determining this, the Foundation Department first reviews whether sufficient funds have been raised to continue providing grants from the fund to students. Exceeding the fundraising targets by students does not necessarily increase grant amounts from the fund in any particular semester. Any increase of the grant amounts solely depends on financial circumstances of students. An important principle of the fund is that it is not simply a collection of individual bank accounts, rather it is a fund that is created to raise enough funds for the College to provide financial support to existing and future students.
Tax Deductible Status
As a higher education provider, Moore Theological College Council is a deductible gift recipient. As such, all donations to the College are tax deductible. This includes all donations to the Student Support Fund, which is an internal account of the College.
In order to be entitled to tax deductibility, donations are made to the College’s Student Support Fund, not for the exclusive use of an individual student. Hence, to achieve tax deductible status, donors must understand that they are contributing to the Student Support Fund, rather than donating a specific amount to individual students. Donations to the Student Support Fund are pooled; students then apply to access these funds; and further fundraising is a condition of being granted the funds.
The funds from the Student Support Fund Accounts are available for use for living and educational expenses such as: tuition fees, food, utilities, accommodation, books and travel. These must be included in students’ budgets when they apply for membership of the Student Support Fund.
Donor Contributions & Receipts
Donors can make contributions to the Student Support Fund through the College’s website, either via an individual member’s webpage, or by direct deposit to the College bank account, including the member’s name. Individual member webpages and reference are used to track the member’s fundraising performance. As mentioned above, donors must understand that they are contributing to the Student Support Fund of the College, rather than donating to individual students.
Receipts are issued to donors by the Moore College Foundation Department. Contact details and donations details are stored by Moore College and shared with the student who raised the funds.