Students Receive More than $70,000 via Foundation Scholarship Funds
Area high school students headed off to colleges, universities and technical schools this fall are taking more than $70,000 in scholarship grants with them, thanks to the 40 scholarship funds and programs of The Community Foundation. Scholarships in amounts ranging from $250 to $10,000 were awarded this spring to 83 students from northern West Virginia and southeastern Ohio. The 40 scholarship funds of The Community Foundation encompass more than $3 million in assets. All funds are open to additional contributions and several of the funds engage in fundraising on a regular basis to gather additional gifts.
Scholarships take many forms–some are established for a specific high school, for attendance at a specific college, or for students who live in specific geographic areas. Some support technical aspirations, some careers in health care, others in communications. Some are one-time awards, while others are renewable. In every case, the decision to establish a scholarship fund was based in part on a desire to support young people in their pursuit of higher education. Oftentimes, family members and friends establish a scholarship in memory or in honor of a loved one who was particularly committed to youth or education or both.
If you or your organization is interested in establishing a scholarship fund, The Community Foundation is an ideal partner. The Pension Protection Act of 2006 established specific criteria to qualify a charitable fund as a scholarship. Failure to comply with these criteria can disqualify independent scholarship funds from charitable status. The Community Foundation’s professional staff is thoroughly familiar with the new rules and regulations regarding scholarship funds and can help guide you in the creation of a compliant fund. Our scholarship administration services will be customized to meet your needs in terms of application processing, evaluation, and award distribution.
New scholarships for 2008 are:
- Orrick Scholarship Fund for students pursuing a degree in Information Technology, Business, or Accounting
- Ken Dennis Scholarship Fund for students from Martins Ferry High School attending Ohio State University or Miami of Ohio majoring in math or science
- Richard R. Heagin Scholarship Fund for students pursuing certification as a professional firefighter or paramedic
- Mike G. Dotson Scholarship Fund for students from Tyler Consolidated High School who wish to pursue a degree in physical education or coaching
Contact The Community Foundation at 304-242-3144 for a personal appointment to discuss your interest in supporting or establishing a scholarship fund. We’re here to help!