View source for IV.Q. BSC Emergency Grant Program

===1. The Grant Fund===
:a. Emergency grants shall be funded through the Scholarship Fund. See §IV.P.1 of the Policy Directory. 

:b. At the end of the fiscal year, any unused funds that had been allotted for grants shall be rolled into the Scholarship Fund.

===2. Grant Funding===
:a. The emergency grant program shall be funded out of the annual distribution of funds from the scholarship program.

:b. The exact amount budgeted for emergency grants shall be decided by the Capital and Finance Committee.

===3. Grant Applications===
:a. Current members may apply for emergency grants at any time, unless they could reasonably apply for a traditional BSC Scholarship. Staff shall advertise the grant on the website and make a good-faith effort to inform all students with delinquent rent of the emergency grants and the application process.

:b. Applications shall be made through the traditional administrative request process.

:c. The Administrative Team may identify good candidates for emergency grants even if they have not specifically applied for a grant.

===4. Awarding Grants===
:a. Grant applications shall be awarded  by consensus of the Operations Manager and the AdCom Assistant.

:b. Grants shall only be awarded upon the determination of dire unexpected financial need such that, given cost of living expenses and without a grant, the applicant would be unable to remain a member of the BSC.

:c. Only in exceptional circumstances should grants be awarded to members not in good standing, e.g. members paying off excessive house bills, in danger of conduct/student status/workshift termination, etc.

:d. There is no mandate to disburse the entirety of the grant fund each year.

:e. No single grant may exceed $1,000.00, though the amount need not be limited to the charges currently on the applicant’s account.

:f. No member may receive a grant more than once per academic year.

:g. (Once the BSCAA Grant Money is depleted) temporarily amend the Emergency Grant Policy to make members eligible for the Emergency Grant once per contract period with an annual cap of $5,000 dispersal and one-time cap of $2500 per request.

===5. Grant Distribution===
:a. Emergency Grants shall be distributed only as rent credit to the applicant’s account and shall only offset rent, room, and/or board charges.

:b. Emergency Grants shall not be distributed in any form other than credits to the member’s account.


[''Board approved 11/2016. Last updated 5/2020''. Last updated per IACom 03.20.2023]
[[Category:Section IV - Finances]] [[Category:Policy|Emergency Grant]]