 It also offers three scholarships through the University of Tasmania which are granted to students studying fine arts, political science or the care and treatment of cancer.The foundation is named after Jim Bacon, who spent 25 years working in the union movement, was elected to the Tasmanian House of Assembly and became Premier of Tasmania, a position he held from 1998 until his resignation in March 2004.The Jim Bacon Foundation was formed by passage of the Jim Bacon Foundation Act 2004 through the Tasmanian Parliament.