Valer, I support your idea 110%. I also support Vlad's suggestion.
At the end of each fiscal year I send the CFC office a cheque for the income generated by the Pugi Fund. The trustees consider applications and make their decisions known to the CFC office for the actual payment to successful applicants. In the last couple of years the trustees decided to award the money to the juniors on the Canadian Olympiad Team because otherwise the team was in jeopardy of not being sufficiently funded. There were, I think 3 or 4 juniors on the team each year.
The CFC office maintains a historical list of successful applicants on the CFC website. However, the details of how applications are solicited and considered definitely need to be better defined and better advertised.
Paul Leblanc
Treasurer, Chess Foundation of Canada
CFC Voting Member