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
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
- 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
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