Mawuli Fund Annonces Scholarship Recipients

The Mawuli Fund, in collaboration with old Mawulians and friends of Mawuli School around the world announce the award of scholarships to the following students of Mawuli School for the academic year 2002 ? 2003.
The students are:

SS2:

SS3:

The scholarships, which were instituted in February this year, are worth One Million cedes (?1,000,000) per student per year, and is being awarded to the six students in the continuing classes to cover boarding and lodging fees, the objective being to promote academic excellence and to support financially needy students who show promise and to encourage the future participation of these students in the affairs of their alma mater.

Fifty-four (54) applications were received and evaluated on the following basis:

The students listed above, were adjudged the best amongst all the applicants although most of the other students were capable of qualifying for awards too. As a result of the limited resources at our disposal however, only six of the 54 are receiving awards. When more resources become available, it is expected that the number of recipients will increase.

Purpose of Mawuli Fund:

The Mawuli Fund (a United States based tax-exempt non-profit organization) was set up to raise at least $1 million permanent endowment capital over the next eight years from old students, corporations, other charitable organizations and the general public in the Diaspora. All contributions to the Fund will go into the permanent endowment. A parallel fund with a target amount of one billion cedes to be invested in Ghana is being set up. Over $22,000 has already been received as donations from the philanthropic community towards the endowment and in the Mawuli Fund accounts in the USA. The money is currently invested in conservative securities the interest of which will be used to support projects in Mawuli School. The scholarship scheme is just but one of the many ideas the Fund has for the future growth and development of Mawuli School.

The Fund seeks contributions from all Mawulians, Staff and friends of Mawuli School, as well as institutions and organizations interested in educational programs in Ghana. Donations can be made to the Permanent Fund or towards specific programs, e.g. scholarships, awards, special projects, etc. Contributions to the Fund in any amount or in kind, will be promptly acknowledged. Please direct all donations, written to the order of MAWULI FUND to
Mawuli Fund,
P. O. Box 940578,
Houston TX USA

if you are outside Ghana, or to

Mawuli Fund,
P. O. Box 11241,
Accra-North, Ghana

if in Ghana and for cedi donors only.

Fund administration:

As a nonprofit organization, the Fund is administered by a Board of Trustees consisting of Mawulians across all decade groups and friends and supporters of Mawuli School. It is the intention of the Fund to coordinate and administer all donations to Mawuli School. Donors have the liberty to stipulate how their donations are used, but the Fund will coordinate the use of all gifts to avoid duplication and ensure that projects are funded based on school priorities. Projects will be prioritized by the Board of Trustees in consultation with the school administration, old students, and other donors and will be implemented by the Fund together with its local agents in collaboration with the school administration, who would regularly inform the Fund of school?s needs and project?s progress.

For more on the operations and activities of the Fund, you may request information from any of the following: Yao Ababio (yao.ababio@juno.com), Senyo Opong (senyo_opong@yahoo.com) or Caroline Bruce (mawuliena@aol.com), or visit our web-site at www.mawulischool.com
You may send suggestions on the scholarship program to the Mawuli Fund Sub-committee on Education at MF-Education@yahoogroups.com The Scholarships Committee is chaired by Dr. Kobla Glakpe, Professor of Mechanical Engineering, Howard University ? Washington DC, USA.