Chain Bridge Foundation

Chain Bridge Club was founded in 2003 with the objective of working for the future of the food industry. In 2016 the Chain Bridge Foundation was established with the same goal. The foundation operates independently from the club, but club members support its work. Chain Bridge Foundation aims at giving secondary school students with a disadvantageous social background the chance to go to university. The foundation wishes to help many young people with great potential, students who want to go to university and study economics, but don’t have the family background to finance their studies. A Board of Trustees selects the most talented students from those who are eligible for a grant, and the foundation will finance their college or university studies. We do hope that after the initial hardships, these talented young people will quickly find the career they wish to pursue and they will be successful in their work. Any company or private individual who agrees with our goals can join the foundation if they want to help young people realise their dreams. Let’s make it happen together!

Zsuzsanna Hermann, chairperson of the Board of Trustees

Dr. Gábor Csirszka, member of the Board of Trustees

Dr. Béla Fischer, member of the Board of Trustees

István Matus, member of the Board of Trustees

Gábor Soltész, member of the Board of Trustees

In accordance with the mission of the Foundation, the goal is to help students who have graduated from secondary school and are in a disadvantageous financial situation, so that they can study economics in college or at university. If they can earn a degree in higher education, they will get better chances to have a successful career.

The secondary school’s director, deputy director or the student’s form master can recommend one graduating student per school, with the student’s consent.

The Chain Bridge Club intends to support students who, after their university studies, want to work in the competitive sector. In accordance with this, those students are eligible for the grant who wish to study economics in some form. (The club supports studies in the fields of economics, commerce, marketing, finance and accounting).

Recommendations must be submitted in writing to the Chain Bridge Foundation in the last academic year of the secondary school student, before 15 February. (Address: 1037, Budapest Bécsi út 269).

If you recommend a student, please provide the data listed in the appendix of the deed of foundation and justify the recommendation in writing (how talented and diligent the given student is, their extra-curricular achievements during the secondary school years, their financial situation, etc.)

It is the recommended student that needs to send the application, by mailing the filled out forms that are attached to the deed of foundation, a CV and a letter of motivation to the address of the Foundation. Application deadline: 28 February in the last secondary school year of the student.

Based on the data listed above, the Board of Trustees of the Chain Bridge Foundation selects 3 students who have the best chance to win the grant. Selection is based on: academic results, talent, extra work done during the secondary school year, being devoted to learning and the financial situation of the family. Members of the Board of Trustees decide on the 3 possible grant winners until 10 March of the year of the college/university entrance exam. Detailed minutes will record the selection process, how the decision is reached, the reasons of the decision and the final result.

One member of the Board of Trustees of the Chain Bridge Foundation visits the 3 families until 31 March in the given school year, in order to gather further information for their decision. Based on all of these the applicants are ranked. It is very important that the student concerned and their family need to be prepared to receive the representative of the foundation in their home before the deadline. If this meeting fails to take place, the student that comes next in the ranking will have a better chance for winning the grant.

Until 10 April of the year concerned the Chain Bridge Foundation informs the 3 students with the best chance for winning the grant about their position in the ranking. The foundation sends a letter to another 5 students, informing them about not making it to the top 3 but still having a chance for being given the grant, e.g. in the case when any of the students with the best chance decides not to pursue economic studies at college/university level or they aren’t admitted to the college/university they wanted to attend.

The Chain Bridge Foundation only supports students admitted to higher education institutions to study economics in some form, where a tuition fee needs to be paid. If the selected student doesn’t meet these requirements, the student who comes next in the ranking and meets these requirements will win the grant. The grant winner student will have to obtain an official document from the college/university which certifies that they are eligible for the financial support.

Maximum sum of the financial support: gross HUF 250,000/semester. If the grant winner student drops out of college/university, they lose their eligibility for the grant. However, if the grant winner student interrupts their studies because of reasons that can be accepted by the Board of Trustees, e.g. winning a scholarship to study abroad, the board may decide that the financial support is only suspended temporarily.

Before the beginning of each semester, the recipient of the grant must officially prove that they completed the previous semester successfully. The Chain Bridge Foundation transfers the sum if valid contracts and invoices are presented. The grant money can be used to pay the tuition fee in part or in full, to cover accommodation costs in part or in full, and it can also be used for other purposes which are certified to be related to the grant winner’s studies.

Financial support ends with the last semester of continuous study being financed in part or in full. An extra condition of receiving the grant money in the last semester is that the grant winner meets all criteria for earning a degree, e.g. passing the necessary language exam.

Once every semester, the Board of Trustees of the Foundation has the right to make the student they supports report on his studies in person.

Taking into consideration what the grant winner is interested in and what professional opportunities are available, the Chain Bridge Foundation does its best to give the student the chance to acquire practical work experience in the food, household chemical and cosmetics industry and in FMCG retail.

Trade magazin and Chain Bridge Club may offer the grant winner the chance to participate in their annual ‘Business Days’ conference free of charge.

The CHAIN BRIDGE FOUNDATION makes sure that the personal rights of students applying for funding aren’t violated, therefore the foundation asks for, manages and stores personal data in a strictly confidential manner, and ensures that personal data related to asking for and receiving the financial support won’t be passed on to any legal or natural person that aren’t in direct connection with the grant.

The foundation stores personal data until the end of the year in which the entrance exam took place. In the case of the student that is awarded the grant, data are stored until the end of the last academic year. After this period personal data are officially deleted and the deletion is registered in an official written record.

Students who apply for funding and/or their parents/legal guardians must give a written declaration in advance to CHAIN BRIDGE FOUNDATION, stating that the foundation is allowed to receive and manage the applicant’s personal data in compliance with the above regulation. In this declaration CHAIN BRIDGE FOUNDATION asks for the consent of the applicant, their parents or legal guardian to publishing, in a limited fashion (name, name of city or village where the student completed their secondary school studies, name of the college or university where the applicant wants to study) the personal data of the student in various media, in connection with the grant. The student also needs to give their consent to participating in the press conference organised by the foundation.