Childrens Tuition Fund of Rhode Island

“The Organization monitors the use of grant funds by limiting its grants to eligible students for qualified educational expenses incurred in attending eligible schools. Potential grantees apply through their school. The application process includes financial vetting done by a third party to ensure that applicants meet the requirements of the state's laws, rules and regulations. In addition, financial eligibility qualification review of scholarship recipients are mandated by the state and are conducted by the student's school. The Organization's Finance Department and Program Administrators monitor the program on a monthly basis. The Organization communicates directly with the applicable educational institutions on a regular and on-going basis. Scholarships awarded to the grantees are paid directly to the student's accounts. No amount is paid directly to students or their families.”

“Other expenses are administrative costs of managing the program.”

“Total liabilities are made up of scholarships payable for qualified educational expenses incurred by eligible students attending eligible schools.”