Gubay Bursary
| Authority | Department of Education, Sport and Culture |
|---|---|
| Date received | 2025-01-15 |
| Outcome | All information sent |
| Outcome date | 2025-02-05 |
| Case ID | 4376413 |
Summary
The request sought details on the timeline, fund size, and grant numbers for the Gubay Bursary for Top 10 Universities. The Department of Education confirmed the fund was established in 2006 with £500,000, provided 261 grants totaling £579,000, and is now effectively exhausted with only £10,183.22 remaining.
Key Facts
- The Gubay Fund was created in May 2006 following a £500,000 gift from Mr Albert Gubay.
- The fund was specifically designated to facilitate study at one of the top ten world-class universities for Isle of Man residents.
- A total of 261 grants were awarded between the 2006/07 and 2020/21 academic years.
- The total value of awards paid from the fund was £579,000.
- The fund is now depleted, with only £10,183.22 remaining after accounting for interest and charges.
Data Disclosed
- May 2006
- £500,000
- £89,172.42
- £10.80
- £589,183.22
- £579,000
- £10,183.22
- 261
- 2006/07
- 2020/21
- 32
- 1
Original Request
Information relating to when the Gubay Bursary for Education at the Top 10 Universities disappeared. Information pertaining to the size of the fund from its inception to end. Information pertaining to how many grants were offered.
Data Tables (2)
| Gubay Fund | 500,000.0 0 |
|---|---|
| Interest | 89,172.42 |
| Charges | 10.80 |
| 589,183.2 2 | |
| Awards | 579,000.0 0 |
| Year | No of Grants Paid | Value |
|---|---|---|
| 2006/0 7 | 32 | 42,000 |
| 2007/0 8 | 31 | 35,000 |
| 2008/0 9 | 31 | 71,000 |
| 2009/1 0 | 32 | 87,000 |
| 2010/1 1 | 29 | 75,000 |
| 2011/1 2 | 25 | 74,000 |
| 2012/1 3 | 24 | 61,000 |
| 2013/1 4 | 15 | 39,000 |
| 2014/1 5 | 16 | 37,000 |
| 2015/1 6 | 14 | 32,000 |
| 2016/1 7 | 6 | 14,000 |
| 2017/1 8 | 3 | 6,000 |
| 2018/1 9 | 1 | 2,000 |
| 2019/2 0 | 1 | 2,000 |
| 2020/2 1 | 1 | 2,000 |
| Total | 261 | 579,000 |
Full Response Text
Policy, Strategy and Governance Division Department of Education, Sport and Culture Thie Slieau Whallian Foxdale Road St Johns IM4 3AS
Telephone: (01624) 685808 Website: www.gov.im/dec Email: dec@foi.gov.im
Our ref: 4376413 5th February 2025
Dear ###
We write further to your request, received 15 January 2025, which states:
"Information relating to when the Gubay Bursary for Education at the Top 10 Universities disappeared.
Information pertaining to the size of the fund from its inception to end.
Information pertaining to how many grants were offered."
Our response to your request is as follows:
The Gubay Fund
The Gubay fund was created in May 2006 as a result of a generous gift of £500,000 made by Mr Albert Gubay to the Department of Education for the advancement of educational attainment by Isle of Man residents, specifically to facilitate study at one of the top ten world class universities.
Details of the fund and its allocation are provided below:
Gubay Fund
500,000.0
0
Interest
89,172.42
Charges
10.80
589,183.2
2
Awards
579,000.0 0
Funds Remaining
10,183.22
Year No of Grants Paid Value 2006/0 7 32
42,000
2007/0
8
31
35,000
2008/0
9
31
71,000
2009/1
0
32
87,000
2010/1
1
29
75,000
2011/1
2
25
74,000
2012/1
3
24
61,000
2013/1
4
15
39,000
2014/1
5
16
37,000
2015/1
6
14
32,000
2016/1
7
6
14,000
2017/1
8
3
6,000
2018/1
9
1
2,000
2019/2
0
1
2,000
2020/2
1
1
2,000
Total
261
579,000
Please quote the reference number 4376413 in any future communications.
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I will now close your request as of this date.