The BSNC Board of Directors have transferred BSNC’s future donations of funding and administration of scholarship program benefits from the Bering Straits Foundation to the BSNC Beringia Settlement Trust. This action was taken by the BSNC Board in light of favorable federal tax changes involving settlement trusts and plans to grow the corpus of the scholarship program. The BSNC Beringia Settlement Trust will assume administration of a scholarship program starting with the spring 2021 semester and will work with BSF to transition remaining program responsibilities prior to the spring 2021 application process.
“We thank BSF Board Directors for their service to generations of BSNC shareholders and descendants,” said BSNC President & CEO Gail R. Schubert. “Since 1991, the BSF has distributed more than $3.1 million to support the educational goals of our shareholders and descendants. BSF’s efforts have helped many of Our People achieve their educational goals and career aspirations.”
Fall scholarship applications will be administered through MyCache at https://my-cache.org/. Application deadlines for all types of education scholarships are June 30 (Fall) and Dec. 1 (Spring). For questions, please email BSNC’s Shareholder Development Department at shdevelopment@bsnc.net.