Purpose:
The PSMEF Scholarship Donation Program (SDP) facilitates donations to support deserving students through the PSME Foundation Scholarship Program. This program enables individuals and organizations to directly sponsor scholars and contribute to their educational journey, shaping future engineers and contributing to the nation's development.
Sponsorship Levels and Donation Amounts:
The PSMEF Scholarship provides P15,000 per term or P30,000 per year to each scholar.
The minimum sponsorship amount is one-third (1/3) of the annual scholarship benefit, which is currently set at P5,000 per term. Donations must be made in increments of P5,000. Thus, any sponsor may team-up with other donors (individual, chapter, corporate) to come-up with the required full scholarship package of P15,000 per term. At minimum sponsorship, the donor will need to pledge a total amount of P30,000 spread in three (3) years or P10,000 per year. PSME Foundation may assist or select donor partners.
A full scholarship sponsorship covers the entire P15,000 per term or P30,000 per year until the scholar graduates. The full scholarship sponsorship package, therefore, is P90,000 spread in three (3) years.
Naming of the Scholarship Fund:
Corporate or Organization Donors: The scholarship fund will be named after the donor, providing lasting recognition for their generosity. For example, a P30,000 donation from the PSME XYZ Chapter will establish the "XYZ Chapter Scholarship Fund." Similarly, company donations will be named after the company, enhancing their corporate social responsibility profile.
Individual and Donors Group: In cases of multiple donors contributing to a single scholar's support, the fund will be named after all contributing donors, acknowledging the collective impact. For example, if Engr. Reyes, Engr. Singson, and Engr. Asuncion each donate P5,000 per term for one student, the fund will be named the "Asuncion-Reyes-Singson Scholarship Fund." Individual full scholarship donation will be named after the donor.
Allocation of Donations:
One hundred percent (100%) of all donations to the SDP will be directly disbursed to the scholars. The PSME Foundation will not deduct any administrative fees from these donations, ensuring maximum impact for each peso contributed.
Donor Commitment:
Formal Pledge: Donors are required to sign a formal pledge outlining their commitment period and donation amount. This clarifies expectations and aids in financial planning, demonstrating a mutual commitment to the scholar's success. The pledge may include options for continued support beyond the initial commitment, allowing for long-term partnerships.
Payment Schedule: Donors will adhere to a specified payment schedule (e.g., annually, per term). Various payment methods (online transfer, check, etc.) will be offered for convenience, streamlining the donation process.
Contingency Planning: In scenarios where a donor is unable to fulfill their pledge, the PSME Foundation will explore options such as finding a replacement sponsor or utilizing a reserve fund (if available) to ensure the scholar's education is not disrupted, providing assurance of continued support.
Recognition of Donors: The PSME Foundation will recognize and appreciate donor contributions through certificates of appreciation, mentions in PSMEF publications, invitations to special events, and potentially through a dedicated section on the PSMEF website or online portal, offering public acknowledgment of their philanthropic efforts. This recognition can enhance the donor's reputation and inspire others to give.
Scholar Selection and Monitoring:
Eligibility Criteria: Scholarship applicants must meet clearly defined eligibility criteria, including academic performance, financial need, and relevant course of study, ensuring that support is directed to the most deserving and promising students.
Selection Process: The scholar selection process will be transparent and will involve a selection committee evaluating applicants based on pre-determined criteria, maintaining fairness and objectivity in the selection process.
Scholar Agreement: Selected scholars will be required to sign an agreement outlining their responsibilities, including maintaining a specified GPA, attending required events, and providing regular progress reports, fostering accountability and commitment from the scholars.
Mentorship Program: The PSME Foundation will explore opportunities to pair scholars with mentors (potentially PSME members) to provide guidance and support, offering valuable professional development opportunities for the scholars and creating a network of support.
Progress Reporting: Scholars will submit progress reports (frequency and format specified by PSMEF) detailing their academic updates, extracurricular activities, and any challenges faced, keeping donors informed of the scholar's progress and the impact of their contribution.
Communication Channels: Clear communication channels will be established between donors, scholars, and the PSMEF to facilitate information sharing and foster a sense of community, creating a personal connection between donors and the scholars they support.
Program Administration:
Fund Management Transparency: Donors will receive regular reports on the overall status of the SDP fund, including total donations received, disbursements, and the number of scholars supported, ensuring transparency and accountability in fund management.
Endowment Option: The PSME Foundation will explore the feasibility of offering an endowment option for donors seeking to create a lasting legacy, providing a sustainable source of funding for future generations of scholars.
Program Review: Regular reviews of the SDP will be conducted to assess its effectiveness and identify areas for improvement, ensuring the program remains relevant and impactful.
Data Privacy: A data privacy policy will be implemented to protect the personal information of donors and scholars, maintaining confidentiality and complying with data protection regulations.
Conflict of Interest Policy: A conflict of interest policy will be in place to address any potential conflicts that may arise in the administration of the program, ensuring ethical and impartial decision-making.
Website/Online Portal: The PSME Foundation will maintain a dedicated webpage or online portal for the SDP, providing information about the program, donor recognition, scholar profiles, application procedures, and program updates, enhancing accessibility and transparency.
Scholar Selection Preferences: Donors may express a preference for the school or region from which the scholar is selected. While the PSME Foundation will strive to accommodate these preferences, the final selection remains at the discretion of the PSME Foundation Scholarship Committee, ensuring a fair and merit-based selection process.
Why Sponsor a PSMEF Scholar?
Direct Impact: 100% of your donation goes directly to supporting a deserving student's education.
Invest in the Future: You are contributing to the development of future engineers, who will play a vital role in nation-building.
Meaningful Connection: You have the opportunity to connect with and mentor the scholar you are supporting.
Lasting Legacy: Your contribution creates a lasting impact on the lives of young people and the engineering profession.
Public Recognition: Your generosity will be publicly acknowledged by the PSME Foundation.
Tax Benefits: Donations to the PSME Foundation may be tax-deductible (consult with your tax advisor).
 Fulfillment and Purpose: Experience the personal satisfaction of making a difference in a student's life.