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Community Foundation of the Ozarks Essential Questions #6 What Are The Advantages Of Having Scholarships With The Community Foundation?. Hosted by:. Julie Leeth Vice President, Community Foundation of the Ozarks. Gay Lynn Russell Scholarship Coordinator, Community Foundation

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  1. Community Foundation of the OzarksEssential Questions #6What Are The Advantages Of Having Scholarships With The Community Foundation?

  2. Hosted by: Julie Leeth Vice President, Community Foundation of the Ozarks Gay Lynn Russell Scholarship Coordinator, Community Foundation of the Ozarks With special guest Judy Breeding

  3. What is a Scholarship? A fund established to benefit students in a variety of ways.

  4. Meeting donor objectives through scholarships • Geographic Areas • Specific post secondary institutions • Designated fields of study • Flexibility to pursue education at institution of recipient’s choice • Tax deduction for donor

  5. Why Establish a Scholarship? • Accomplishes charitable goals • Gives back to the community and provides an opportunity for positive CF PR • Establishes a permanent fund to provide educational opportunities to individuals • Rewards academic achievement • Encourages the pursuit of academic goals • Memorializes a loved one • Provides financial assistance for deserving student (tuition, fees, books or required class materials)

  6. CFO Services • Informs community of scholarship • Assists donor with criteria and procedures • Disseminates scholarship information • Schedules scholarship selection committee meetings • Maintains scholarship file

  7. CFO Services con’t • Honors donors and recipients at annual reception • Provides written acknowledgement of donations • Provides appropriate IRS documentation • Keeps abreast of IRS regulations concerning scholarships

  8. Establishing the Fund • Contact Gay Lynn Russell or an affiliate to discuss scholarship program • Determine a name for the scholarship • Create a fund document • Determine the purpose • Determine the selection criteria • Discuss selection committee • Determine amount of scholarship

  9. General Information • Anyone can donate to a fund • Neither a donor nor the donor’s family can be a recipient of that donor’s scholarship • How will the scholarship payout? • Documentation of Enrollment • Payment issued to student’s college account

  10. Website Connection • www.cfozarks.org • Click on grants and scholarships • Click on scholarships Information on scholarships located at this site.

  11. Our Pledgeto You • You define the purpose of your scholarship fund; we’re here to help! • We provide support, information and expertise on scholarship giving. • We connect you with future generations; you’ll stay involved and meet the recipients if you so desire.

  12. Thank you! • Our last presentation will be held on April 24th at 10:00 a.m. • This presentation will be titled “How Are Your Charitable Funds Invested?” and will be hosted by CFO Investment Advisory Board chair Ron Neville and Suzy Gray, CFO senior finance officer. • Please contact Bridget Dierks at bdierks@cfozarks.org to enroll.

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