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Fully aware of the need for a highly qualified Romanian leadership
class: in both the country’s administration and all those
structures working towards Romania’s membership in the Trans-Atlantic
structures, and committed to the development and involvement of
this class in today’s Romania, the Ithaka Foundation has
set up the IGM fund.
The IGM Scholarship works to make its contribution towards providing
independent, direct, private grant financial support for Romanian
national MA applicants.
We are pursuing this endeavour through the IGM Scholarship and
Exchange Award Programme (SEA)
IGM SEA is the tool through which the IGM fund operates a simple,
easy to run, accountable and hopefully robust grant funding scheme,
in line with other programmes already existing for Romanian nationals,
prior to:
- their MA application having been accepted by the respective
first tier European schools and Ivy –league US schools and
irrevocably accepted by the candidate;
- school fees and tuitions are already paid by or they are covered
by an irrevocable obligation to pay by a reputable institution
and the process has been endorsed by the IGM fund.
- The MA/exchange applicant can support at 25% of her/his living
expenses from alternative financing sources; and
- The MA/exchange applicant has been granted with a study visa
(when applicable) covering the duration of her/his studies.
The IGM SEA Trustee Board will carry out the selection and recruitment
of the applicants, who, in return, will be required to deliver
to the Ithaka Foundation up-to-date information and research under
the form of articles, research and preliminary Ph.D research work.
The Ithaka Foundation will clasify and structure relevant information
and keep it as its sole property and/or that of Ithaka’s
partners, as selected by the IGM SEA Trustee Board.
The IGM SEA Trustees, ex-post receiving documentation acceptable
to them confirming that the above mentioned preliminary conditions
are fulfilled, or any other additional conditions are reasonably
requested by the funding process, will allow the IGM SEA to grant
financing and subsequently disburse the proceeds.
To the extent possible, the IGM SEA documentation will include
cross-default and similar conditionality wording similar for transactions
of this kind.
IGM SEA Trustees will take the funding decisions based on the
evidence provided to them.
IGM SEA Trustees will not be held liable by the fund providers
for granting funds based on false or faked supporting signatures
or the validity of supporting documentation. Semi-annualy, at
the beginning and at the end of the MA/Exchange funding cycle,
the IGM SEA Trustees will report to the IGM SEA fund providers
describing the use of funds and other reasonable information required
by the fund providers and available to the Trustees, in compliance
with relevant data protection legislation available in the countries
of where the IGM SEA fund is operational.
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