In 1971, the Rotary Club of Ipoh set up the Secondary Schools Scholarship Fund for secondary schools in Kinta District, Perak, to participate by entrusting a sum of money to this Fund which would be matched on a Ringgit for Ringgit basis by the Club. The interest received from the combined sum would be given back every year in the form of scholarships to needy students of participating schools.
As of December 31, 2013, a total of RM52,250 was contributed by 12 schools in Ipoh which was equally matched by the Rotary Club of Ipoh. Further sums were also contributed by the Club as unmatched funds to boost up the capital sum.
From the bank interest received together with the additional sum contributed by the Club to cover the shortfall of interest received, a total of RM13,600 will be presented this year to needy students from 12 participating schools. The schools themselves select their deserving students based on their scholastic ability and financial needs.
The Pengarah, Jabatan Pendidikan Perak presented the awards recently at SMJK Ave Maria Convent.