Scholarship Funds. Scholarship funds may have a scholarship advisory committee. All scholarship advisory committee members must be approved by the TSDF’s Board of Governors prior to making the first scholarship awards and thereafter annually. The founder may participate on the scholarship advisory committee, provided that neither the founder nor the founder’s designees (related parties) may chair the scholarship advisory committee or in any way control the selection process or constitute a majority of the scholarship advisory committee members. In the event the scholarship advisory committee shall cease to be in existence, the Board of Governors of TSDF shall serve as the advisor of the scholarship fund. All scholarships shall be awarded on an objective and nondiscriminatory basis using procedures that have been approved in advance by the Board of Governors of TSDF and that have been designed to ensure that all such grants meet the requirements of paragraphs (1), (2), or (3) of Section 4945(g) of the Internal Revenue Code of 1986.
Scholarship Funds. 3.1 The Company will provide the Scholarship Funds to the University in the manner set out in the Schedule upon receipt of appropriate tax invoices.
3.2 The University shall pay the Scholarship Funds to the Student in accordance with its usual procedures for administering Scholarship Funds. The University shall ensure that the Scholarship Funds are used only for the carrying out of the Project.
Scholarship Funds. The Company will forward payments to the University upon receipt of an appropriate tax invoice, according to the following table. The University will make a payment to the student for the same amount within 60 days.
4. SCHOLARSHIP PERIOD: two years
Scholarship Funds. A Scholarship Fund is a separate fund or account established to provide educational scholarships for any level of instruction. Scholarship Funds may make grants to individuals to be used for tuition and fees at accredited educational institutions. A donor creating a Scholarship Fund may provide that the Fund assist students attending a particular school, studying in a particular field, or coming from a particular geographical area. WCCF administers all Scholarship Funds in compliance with detailed IRS requirements. Established Scholarship Funds may accept donations from others. The donor establishing the Fund may name the Fund (for example, the Xxxxx Xxxxx Scholarship Fund). Donors establishing a Scholarship Fund may participate in a “scholarship advisory committee” that develops scholarship criteria and recommends recipients of scholarship grants. Scholarship advisory committees may not be controlled by the donor, persons designated or appointed by the donor, or related parties. All members of such committees are appointed annually by the WCCF Board.
Scholarship Funds. 3.1 The Company will, subject to clause 3.2 and the production of a valid Tax Invoice in respect of each instalment, provide the Scholarship Funds to the University as set out in the Schedule.
3.2 The Company may withhold any or all of the Scholarship Funds if:
(a) the University has not provided a report required by clause 5.3, until that report has been provided;
(b) a report provided by the University under clause 5.3 is inaccurate or incomplete, until an accurate and complete replacement report is provided;
(c) the University or the Student are in breach of their obligations under this Agreement; or
(d) the University is in breach of any of its obligations under the Research Deed.
3.3 The University shall pay the Scholarship Funds to the Student in accordance with its usual procedures for administering Scholarship Funds.
3.4 Each of the University and the Student acknowledge and agree that, the Scholarship Funds:
(a) may only be used for the carrying out of the Student Project; and
(b) must not be used for the reimbursement of travel, accommodation or other like expenses of the Student without the prior written consent of the Company.
Scholarship Funds. Scholarship funds intended for Eustis students will be turned over to the New Xxxxxx XXX. These scholarship accounts are listed on Exhibit 4.
Scholarship Funds. Full scholarships will be awarded to those members who have completed all criteria for all four years of high school. Prorated scholarships will be considered. Funds allotted will be determined by the scholarship committee pertaining to the level of 4-H participation.
Scholarship Funds. Donors may establish scholarship funds for the purpose of making grants to individuals to be used exclusively for tuition and fees at accredited educational institutions. Scholarship funds are administered by the Three Rivers Community Foundation in accordance with its Scholarship Guidelines and Procedures, a copy of which will be provided to all donors establishing scholarship funds. Donors establishing a scholarship fund may convene a “scholarship advisory committee” for the purpose of developing scholarship criteria and making recommendations to the Three Rivers Community Foundation as to recipients of scholarship grants. If necessary, please list scholarship advisory committee members and their contact information on an additional sheet. Recommended purpose and class of recipients for Scholarship Fund (attach additional sheets as necessary): I/we will convene a scholarship advisory committee for the purpose of making recommendations as to recipients of scholarship grants from the fund: Yes No
Scholarship Funds. Donors may create permanent or nonpermanent scholarship funds to support student education at qualified educational institutions offering pre-K through graduate programs at universities and vocational schools. Scholarships are funded not more than semiannually and paid to the school, not the student beneficiary. Such funds must have defined eligibility criteria for awarding scholarships.
Scholarship Funds. For any scholarship fund established at the Community Foundation, the scholarship selection committee must be appointed by the Community Foundation; however members may be recommended by the donor. The donor and parties related to the donor may serve on the selection committee but they cannot directly or indirectly control the committee. As required by law, the scholarship selection process must be approved annually by the Community Foundation’s board of directors. The Community Foundation typically disburses scholarship funds to the institution the recipient attends..
