Sample Scholarship Agreement

Sample Scholarship Agreement

H. The recipient`s photo, response to “Why was it important for me to receive this scholarship,” as well as information about college attendance, may be shared with fellows and used for promotional purposes. You can create a permanent scholarship fund with a donation of $25,000 or more, then sit back and enjoy helping students. The community foundation takes care of the logistics of applications, checks with good universities and the renewal of scholarships. I. Acceptance of a Scholarship The scholarship awarded to you through CommunityGiving has been approved by the Foundation`s Board of Directors on the recommendation of the Scholarship Advisory Board. The purpose of the prize is to fund tuition, fees, books and supplies needed to study at a tax-exempt institution. Premiums used for non-taxable expenses must be reported as income on your tax returns, and it is your responsibility to report any tax liability. This scholarship is subject to your acceptance of the terms described herein. To accept the prize and receive the approved funds, read the terms and conditions and if you accept these conditions, fill in the requested information and activate the “I accept” button at the end of this SCHOLARSHIP AGREEMENT. II. Modalities: A.

All scholarships are awarded in accordance with applicable and applicable laws and in accordance with the Internal Revenue Service Code and regulations as amended from time to time. B. Before paying the scholarship, the recipient must be accepted and enrolled as a full-time student in an accredited post-secondary program. C. The scholarship rate will be paid to your college upon receipt of this form. D. Payments are made to the educational institution`s financial aid office to use your tuition fees for tuition, fees, books, supplies and equipment needed to study at a tax-exempt institution. E. The student must be enrolled full-time. F.

The remaining scholarship funds will be forfeited if an adequate cumulative grade point average is not maintained or if the full-time course load is not maintained. G. The scholarship is only valid for the upcoming school year and cannot be postponed. What is a “scholarship fund”? Imagine a permanent savings account. “Interest” generates scholarships, in your name, forever. Matt Elliott of Norfolk was only 26 years old when he established a scholarship fund in memory of two high school athletes who died far too young. The former scholarship holder continues to pay for it himself. A scholarship fund reflects your hope for the next generation. You say, “I`m taking care of your future, so I`ll give you a hand.” Your fund could be for a student in your high school or college. Or you may want to help someone who dreams of entering your profession. Or maybe you want to give something back to the scholarship provider who helped you years ago.

If you have any further questions, call Sherri at (320) 257-9715. Whatever your motivation, you are investing in the future! Read the CommunityGiving Scholarship Agreement and fill out the form below. The deadline to submit this form is June 15….

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