Meeting a Need
Established by leaders of Bermuda's insurance industry in 1996, BFIS is tasked with ensuring that Bermudian students are provided with opportunities to attain the education and training necessary for careers in Bermuda's insurance industry.
This is being achieved through scholarships, mentoring, internships and career guidance.
Click here to learn more about how you can support BFIS.
SPONSORS
BFIS was established in 1996 by leading insurance company executives who realised that as the insurance industry in Bermuda grew, they needed to ensure that young Bermudians would have the education and skills to enter the industry. They agreed that this could be achieved through educational financial support, mentoring, and meaningful vacation jobs in insurance.
BFIS has now awarded over $3 million in scholarships; we have an ever-expanding mentor network; our summer ‘intro-to-insurance’ programme is now held in three locations; and our career information and employment guidance programmes have benefited many hundreds of students, graduates and career-changers.
These programmes are continue to be supported through annual pledges and donations from the insurance sector as well as those companies that benefit from doing business for the insurance sector.
In this, our 15th year of operation, we have given ourselves the goal of raising $1.5 million which will be restricted to the funding of scholarships, as that is where we see an increasing need due to the rapidly rising number of applications plus the cost of university tuition has more than doubled since 1996. .
We are grateful for every single donation, whether large or small, and as the majority of our funding has been donated as annual pledge payments over periods from 2 – 5 years ranging from $500 to $50,000 a year we have developed the chart below to show how our donors can help us reach our 15th Anniversary goal.
Fundraising Goal for 2011 - $1.5 million
| Donors | Annual Donation | Years Pledged | Total Donation | Combined Donations | Help BFIS reach our 15th Anniversary Year Goal! |
|---|---|---|---|---|---|
| 2 Donors | $50,000 a year | for 3 years | $150,000 | $300,000 | |
| 2 Donors | $30,000 a year | for 3 years | $90,000 | $180,000 | |
| 4 Donors | $25,000 a year | for 3 years | $75,000 | $300,000 | |
| 5 Donors | $20,000 a year | for 3 years | $60,000 | $300,000 | |
| 5 Donors | $15,000 a year | for 3 years | $45,000 | $225,000 | |
| 4 Donors | $10,000 a year | for 3 years | $30,000 | $120,000 | |
| 4 Donors | $5,000 a year | for 3 years | $15,000 | $60,000 | |
| 2 Donors | $1,500 a year | for 3 years | $4,500 | $9,000 | |
| 2 Donors | $1,000 a year | for 3 years | $3,000 | $6,000 | |
| $1,500,000 |
Every donor receives not only our thanks, but publicity in the local media and are added to our list of current donors in our marketing materials and on this website as well as having their company logo as a rotating banner.
BFIS Members are those who pledge or donate over $10,000 per year which entitles them to name a representative to vote on their behalf at the Annual General Meeting to elect the Board of Trustees, the majority of whom are drawn from our donor base.
Charitable deductions
If you are a U.S. Taxpayer and would like to find out more about making a U.S. tax-deductible donation please click here. BFIS can receive U.S. tax-deductible donations if they are first sent to the International Charitable Fund of Bermuda, Inc., which has 501(c)(3) status.
2010 AWARD RECIPIENTS
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Eoin McMahon
BFIS Scholar 2011
Actuarial Science
Southampton University, UKGraduating 2014
Saltus Grammar School
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Juliette Ferrari-McComb
BFIS Scholar 2011
Mathematics
Surrey University, UKGraduating 2013
Westminster School, CT
Bermuda High School For Girls
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Emily Potts
BFIS Scholar 2011
Information Technology
Stirling University, NY
Graduating 2013
Bermuda High School For Girls
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Nikki-Lynn Marshall
BFIS Scholar 2011
Economics
Boston UniversityGraduating 2014
Bermuda High School For Girls
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Andrew Fubler
BFIS Scholar 2011
Business and Finance
Mount Saint Vincent University at Bermuda CollegeGraduating 2012
Cedarbridge Academy
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Devin Page
BFIS Post-Graduate Scholar 2011
Business and International Affairs
Georgia Institute of TechnologyGraduating 2013
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Teniko Eve
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2013
Li Po Chun United World College of Hong Kong
Warwick Academy
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Jaryn Martin
BFIS Scholar 2010
Actuarial Science
University of Western OntarioGraduating 2014
Saltus Grammar School
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Ebony Brockington
BFIS Scholar 2010
Accounting
Temple UniversityGraduating 2012
Bermuda College
Cedarbridge Academy
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Robert Maycock
BFIS Scholar 2009
Economics and Math
Dartmouth CollegeGraduating 2012
IS Language School, France
Wycliffe College
Saltus Grammar School
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Helen Crisson
BFIS Scholar 2010
Applied MAth and Statistics
JOhns Hopkins UNiversityGraduating 2014
Bermuda High School for Girls
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Antionay Tankard
BFIS Scholar 2009
Business
Howard UniversityGraduating 2011
Bermuda College
Berkeley Institute
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Dominique Richardson
Bermuda Scholar 2010
Business Finance
Barry UniversityGraduating 2014
Berkeley Institute
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Robert Jardine
Bermuda Scholar 2009
Economics, Management and IT
St. Andrew’s University, UKGraduating 2012
Strathallen School
Saltus Grammar School
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Brittany DeFrias
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2014
Saltus Grammar School
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Michael Coles
BFIS Scholar 2010
Finance and Insurance
Northeastern UniversityGraduating 2014
Saltus Grammar School
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Ashley Madeiros
BFIS Scholar 2010
Risk Management and Insurance
St. John’s University, NYGraduating 2012
Bermuda High School for Girls
Copyright © 2011 Bermuda Foundation For Insurance Studies