Parents’ Association at Kungsholmen’s Gymnasium/Stockholm Music Gymnasium

Guidelines for the Scholarship Fund

The Fund consists of funds from the former Parents’ Association at Kungsholmen’s Upper Secondary School and shall be administered by the current Parents’ Association at Kungsholmen’s Upper Secondary School/Stockholm Music Upper Secondary School.

The purpose of the Fund is to award scholarships annually to one or more students in the school’s graduating classes in connection with the end-of-term ceremony in the spring. In addition, an annual literature scholarship shall be awarded. Nominations for this scholarship shall be made in consultation with the school librarian.

Amendments to these guidelines may be made at the Association’s Annual General Meeting.

Management of Funds

The assets shall be managed in accordance with approved principles of business ethics and with the aim of achieving the best possible growth without taking high risks. The Board is entitled to seek advice from external experts.

The Chair and Treasurer of the Parents’ Association, acting jointly as authorised signatories, shall be responsible for the safekeeping and management of the Fund’s assets in the same manner.

The Fund shall be reported separately in the Association’s annual financial statements.

The auditor appointed by the Association shall be responsible for reviewing the management of the Fund.

The total amount available for scholarships shall be based on the average return on the assets over a five-year period, after 20 percent of the return has been added to the principal.

A Board decision is required to change the amount of the scholarships.

The scholarships shall be paid from the custody account. A Board decision is required to approve the sale of Fund units in order to replenish the custody account.

Funds from the Scholarship Fund (including the custody account) may not be used to provide grants to the student union or to fund activities organised by student associations. The funds are intended exclusively for scholarships.

Nominations and Decisions

Annual Scholarships

A nomination procedure shall be used when deciding on the award of scholarships.

Nominations of students for the Parents’ Association’s scholarships shall be submitted each year no later than 30 April. The Board shall decide on the award of scholarships at its May meeting. Scholarships shall be awarded in connection with the school’s end-of-term ceremony in the spring.

Students may be nominated for a scholarship by members of the Parents’ Association’s Board, the school management, a teacher or group of teachers, or a group of students. The Parents’ Association’s Board may nominate students up until the time the decision is made.

Nominations must be submitted in writing (not handwritten) and must contain a detailed and clear justification. Where necessary, the person nominating a student for a scholarship may attend the Board meeting and present the nomination orally.

The Parents’ Association’s Board shall consult with the school management regarding the assessment of the nominations received.

Approximately 10 scholarships shall be awarded each year.

Scholarships shall primarily be awarded to students in Year 3. Only if the number of suitable candidates is lower than the maximum number of scholarships may students in Year 2 be considered.

Scholarships shall be awarded for particularly meritorious contributions to the benefit of the school and its students. Priority shall be given to students who, over an extended period, have initiated, led and/or actively contributed to activities that have benefited the school as a whole and its students. Scholarships may also be awarded to students who, over an extended period, have been particularly active and made a significant contribution to one of the school’s associations. In the second instance, scholarships may be awarded to students who have initiated or actively contributed to an activity benefiting students within a particular section, or who have contributed to raising awareness of a particular issue.

Literature Scholarship

An annual literature scholarship shall be awarded in consultation with the school librarian.

Administration

A certificate shall be issued to each scholarship recipient. Information regarding the recipient’s name, class and year shall be kept in a consolidated record.

Decisions made by the Board regarding scholarships may not be appealed.

The deliberations concerning individual scholarship cases are confidential and shall not be disclosed