The Vietnam Education Foundation 2011 Annual Report

Page 218 Annual Report 2011
3.8.3. Graduate Stipend. The graduate stipend provided during each Grant Period to the VEF Fellow
by the School shall be sufficient to cover all reasonable living expenses and to cover all
required books and educational equipment for each term, unless the latter is provided in a
separate fund by the School. The VEF Fellow has no other means of support; thus, the
graduate stipend is his/her sole source of finances.
3.8.4. Refund. Any VEF Grant money not utilized due to special circumstances (i.e., early
completion, withdrawal, dismissal or termination from program, or death) must be refunded
and returned to VEF in a timely manner.
3.9. Visiting Scholar Grant (for VEF Visiting Scholars)
3.9.1. Stipend. VEF provides to the School the total amount of the fixed monthly stipends for each
VEF Visiting Scholar, calculated at U.S. $2,300 per month, which is pro-rated for any partial
month. The number of months or partial months is calculated according to the dates of the
VEF Visiting Scholar's academic program as approved by the VEF Board of Directors for up
to one year (12 months). The stipend is provided to cover reasonable living expenses in the
U.S., including lodging, meals, local transportation, and incidentals.
3.9.2. Taxes. VEF does not withhold taxes from the stipend. The School must document and deduct
required federal and state taxes from the monthly stipend, as appropriate.
3.9.3. Medical/Health Insurance. VEF pays for accident/illness health insurance for the VEF
Visiting Scholar from the time the VEF Visiting Scholar leaves Vietnam and during the full
training period in the U.S. This basic insurance is intended only for emergency situations and
hospitalizations and includes medical evacuation and repatriation insurance according to the
coverage amounts required for international students/scholars on J-1 visas in the U.S.
3.9.3.1. Additional health insurance to cover doctor’s visits and/or dental and vision
insurance is not covered by VEF.
3.9.3.2. The School must provide information about medical/health insurance plans
available for the VEF Visiting Scholar.
3.9.3.3. If the School agrees to provide a comprehensive medical/health insurance plan
for the VEF Visiting Scholar at the School's cost, the VEF Visiting Scholar must
get a written statement to this effect from the School and notify VEF
immediately.
3.10. U.S. Faculty Scholar Grant (for VEF U.S. Faculty Scholars)
3.10.1. Eligibility. The VEF U.S. Faculty Scholar must be a U.S. citizen, holding an academic
position of Associate Professor, Professor, or Emeritus.
3.10.2. Grant Period. The VEF U.S. Faculty Scholar must teach in English at a Vietnamese
university for one or two full academic terms. The grant period extends from July 1 to
August 31 of the following year during which grant monies can be used toward the
approved teaching program, regardless of the actual course dates. This extended grant
period allows the VEF U.S. Faculty Scholar to plan and prepare in advance for the course(s)
and to complete reports and closure of teaching activities after the course(s).
3.10.3. Teaching Mode. Teaching may take place either in Vietnam via face-to-face teaching or by
interactive, real-time video-conferencing from the U.S.
3.10.4. Grant Amount. The VEF U.S. Faculty Scholar will receive a grant from VEF up to a
maximum of U.S. $55,000, according to the U.S. Faculty Scholar final budget approved by
the VEF Board of Directors. VEF will not provide any overhead fees to either the U.S.
School or to the Vietnamese institution(s) and such fees cannot be included in the budget.
3.10.5. Budget. All expenses for the VEF U.S. Faculty Scholar program must be delineated by the
VEF U.S. Faculty Scholar in his/her budget for the grant.
3.10.6. Direct and/or In-Kind Financial Support. As determined in advance by the VEF U.S.
Faculty Scholar in drawing up the budget for use of grant funds, the School also provides
direct and/or in-kind financial support.