The PEI Mutual Education Trust was founded in 1985, PEI Mutual's centennial year. At that time, a donation of $100,000 was given to the Trust by PEI Mutual, with additional donations totaling $82,000 being given over the next twenty-five years. In 2010, PEI Mutual celebrated 125 years of being in business. As part of this celebration our Board of Directors approved a special donation of $125,000 to the PEI Mutual Education Trust Fund, which enabled us to significantly increase the scholarship amount given to each recipient.
The PEI Mutual Education Trust has awarded 660 Scholarships totaling $384,000.
The annual interest from the Trust is paid out in the form of twenty (20) scholarships to all qualifying Island Grade 12 graduating students based on the number of graduates from all qualifying high schools in the preceding year. Since 1985, the PEI Mutual Education Trust has awarded 660 Scholarships totaling $384,000.
Our scholarship program is administered through the Island high school system. In mid-April of each year, we send out application forms to each of the Island high schools, who in turn put together a selection committee and choose the winning candidate(s). The two main criteria to be used in selecting winning candidates are financial need and academic performance.
Therefore, in mid-April of each year, please contact the appropriate representative at your high school (usually the guidance counselor) for details on how you can become a recipient of one of our PEI Mutual Education Trust scholarships.
We are proud to assist in educating today's youth.
To view the recipients of the PEI Mutual Education Trust Scholarship, Simply click one of the years to the right.