Leaders@LIT Student Scholarship Programme
LIT Student Scholarship Programme
As part of Leaders@LIT Student Scholarship Campaign
Background/Inspiration:
Inspired by our commitment to promoting equitable access to and successful participation
in higher education for all members of society and by our desire to support social
inclusiveness and in particular to students who are socio-economically disadvantaged, the
'LIT Foundation' under the guidance and leadership of its Foundation Advisory Board has
adopted as a priority an initiative to match deserving students with sponsoring companies
and individuals.
For students the pressure of money worries can be overwhelming, some may even have to
consider leaving college if the costs become too great. A pilot student scholarship
programme was successfully carried out between January 2014 and May 2015 where 6
companies – Irish Public Bodies (IPB), Averian, Grant Thornton, BHP Laboratories, Pinergy
and Property Management Ireland sponsored 17 students from socio economically
disadvantaged areas in Limerick City and adjacent to Limerick Institute of Technology (LIT).
At the launch of this pilot, the CEO of one of the main company sponsors, Ronan Foley of
Irish Public Bodies stated:
“IPB Insurance is committed to making a difference to Irish society. Education is one of the
five key areas we have chosen to target through our Corporate Social Engagement
Framework. This is because we believe that in the current climate third level education is,
now more than ever, crucial to the long-term sustainability of Ireland’s knowledge economy.
Improving and enabling access to third level education is crucial to social development and
economic prosperity.”
Other significant corporate sponsors to date include accountancy firms, legal services, civil
engineering and banking, as well as some in a personal capacity. This list is growing all the
time. Limerick Institute of Technology is proud of our record in widening participation to
higher education. We recognise that successfully widening participation also requires that
students progress in their academic studies and move into graduate employment. To this
end, the students’ progress is monitored and they are offered coaching and guidance to
optimise their success which in turn validates the programme to sponsoring companies.
This LIT student scholarship programme aims to alleviate the strain of financial difficulties
experienced by targeted student cohorts, and so allow the recipients to concentrate fully on
their education and finish their course of study.
Framework for Corporate/Individual donors:
The framework for the LIT Student Scholarship programme consists of the following:
LIT Foundation/Development Office Contact: Kieran MacSweeney 087 2513986
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Leaders@LIT Student Scholarship Programme

Donating companies/Individuals will be able to participate in the selection process of
students if they wish.

Donating companies/Individuals will be able to request which areas of study they
would prefer their selected students to pursue.

Donating companies/Individuals will be able to specify any preferred geographical
location they would like the student to be from.

Donating companies/individuals will be offered positive profile opportunities such as
promoting the programme as the XXXXXXXX Student Scholarship @ LIT or as agreed
between the parties. They will also be profiled in all marketing collateral promoting
the overall Leaders@LIT student scholarship campaign.

Donating companies/individuals will be able to request that selected students
participate in internship opportunities with them during vacation periods, or as an
integral part of study if the curriculum allows this.

Donating companies/Individuals will be able to avail of tax relief at a company level
(12.5%) or personal level (31%) as appropriate as LIT is a registered charity. In the
case of individual donations, the individual donates the net amount and LIT reclaims
the tax direct from Revenue.
Dr. Maria Hinfelaar President LIT, Ciara Farrell Student Scholarship awardee,
Peter Bastable Director Pinergy, Jasmine Davis Student Scholarship awardee,
Paul O’Connell Director Pinergy, and Sorcha Kidney Student Scholarship
awardee.
LIT Foundation/Development Office Contact: Kieran MacSweeney 087 2513986
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Leaders@LIT Student Scholarship Programme
The suggested association with the programme is:

For companies:
Sponsorship of 1 or more students over their 4 years in LIT at a gross contribution of
€3,000 per student per annum to cover their tuition fees and/or associated college
and attendance expenses. This is a sponsorship/donation of €12,000 gross over the 4
years per student and prior to any tax relief as LIT is a registered charity. Donating
companies will be able to avail of tax relief at a company level of 12.5%. Donations
can also be made through the Worldwide Ireland Funds for those resident outside of
Ireland.

For Individuals:
Sponsorship of 1 or more students (or part student scholarship contribution) over
their 4 years in LIT at a gross contribution of €3,000 (€2,070 net of tax – LIT reclaim
the difference between the €3,000 and the €2,070) per student per annum to cover
their tuition fees and/or associated college and attendance expenses. This is a
sponsorship/donation of €12,000 gross (€8,280 net of tax) over the 4 years per
student and prior to any tax relief as LIT is a registered charity. Part contribution of a
student scholarship is also encouraged and very welcome. Donations can also be
made through the Worldwide Ireland Funds for those resident outside of Ireland.
Personal donation matrix
Gross
Donation
Personal
Donation
net of
personal tax
€362.32
€500
€1,000
€1,500
€2,000
€3,000
€4,000
€5,000
€6,000
€9,000
€10,000
€12,000
€250
€345
€690
€1,035
€1,380
€2,070
€2,760
€3,450
€4,140
€6,210
€6,900
€8,280
Monthly
donation
net of
personal
tax
€20.84
€28.75
€57.50
€86.25
€ 115.00
€172.50
€230.00
€287.50
€345.00
€517.50
€575.00
€690.00
Tax
reclaim
by LIT
€112.32
€155
€330
€465
€620
€930
€1,240
€1,550
€1,860
€2,790
€3,100
€3,720
This Student Scholarship Campaign is an initiative of the LIT Foundation Advisory Board from Industry,
Business, the Public Sector, Community and LIT’s Alumni whose members include Denis Brosnan, John
Hartnett (ITLG), Gearoid Costelloe (Grant Thornton), Brian McEnery (BDO), Josephine Feehily (Policing
Authority), Pat McGrath (PM Group), Sean Shine (Accenture), Harry Fehily (Holmes O’Malley Sexton), Dick
Meaney (Analog), Bill Doherty (Cook Medical), Ed Hansom, Conor Gilligan (Roadbridge), Liam McLoughlin
(Bank of Ireland), Mark Nolan (Dromoland Castle).
LIT Foundation/Development Office Contact: Kieran MacSweeney 087 2513986
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