Scholarship Board Sample Clauses

Scholarship Board. The 501(c)(3) will establish a scholarship board (the “Scholarship Board”) to set forth the eligibility requirements for scholarships and to oversee the distribution of scholarships. The initial Scholarship Board shall consist of no less than ten (10) members; provided, however, that the initial Scholarship Board may agree to increase the size of the Scholarship Board. The members of the Scholarship Board shall be local business and community leaders. The Scholarship Board will have the authority to set forth the eligibility requirements for scholarships and to establish any limits on the amount and type of scholarships to be granted, provided, however, that the Scholarship Board must address sustainability, equity, and universality in the disbursement of scholarships and in no event may the Scholarship Board remove the requirement that a student attend CMSD or a public charter approved by the Operating Committee for a minimum of four consecutive years, subject to an appeal process for students who do not meet the minimum eligibility requirements as a result of hardship.
Sample 1
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