New Scholarship Offering
Red Door Family Shelter is a non profit women’s shelter looking to start a scholarship for children of recovering domestic abuse victims.
Eligibility
What criteria would determine recipients?
Who were the most in need?
How to evaluate and select recipients?
What Clarity did the Client Need?
Funding
How much funding would be needed to start the scholarship?
What internal team would maintain the scholarship?
Which investments would be needed to maintain the scholarship?
Client Defined Success Metrics
Possible success metrics:
Number of applicants received
Graduation rate of recipients
Financial health of scholarship fund
My Approach
Market Research
Pension Fund comparative analysis - how do they maintain healthy balance?
Understanding average post secondary costs
Identifying demographical groups most in need of financial assistance
Action Plan Proposal
Provide strategic recommendation and timeline
Present evidenced based approach
Identify risks and mitigation
Consumer Feedback
Request students to apply for scholarship and provide feedback
Implement agreed upon feedback from surveys
Launch/Future Proof
Open scholarship fund to applicants
Invest in ETFs and GICs
Empower scholarship board to sustainably manage fund