ANNUALLY FUNDED - Gift Agreement
I: Purpose
The Staff Council Scholarship is hereby created as an annually funded scholarship at the University of North Carolina Wilmington. The scholarship is being created by the Staff Council and will be used to assist permanent SPA and non-teaching EPA employees working at a minimum of ¾ time or their immediate family members (spouses, parents or children) taking courses at the University of North Carolina Wilmington.
II: Criteria
Applicants (or the university employee if the applicant is not the employee)
must also have been employed at UNCW for a minimum of one year upon the application
deadline. The recipient must have been accepted into the University of North
Carolina Wilmington and be pursuing a degree. The recipient must have a minimum
GPA of 2.5. The Staff Council Scholarship Committee shall select the top candidates
using criteria approved by the Staff Council and stated in this agreement.
The Financial Aid and Veteran's Services Office will verify criteria of the
top candidates and the Staff Council Scholarship Committee will then select
the recipient from the pool of qualified applicants. In accordance with university
policy, the Director of Financial Aid and Veteran's Services makes all disbursements.
III: Schedule of Contributions and Recognition
It is the intent of the donor(s) to fund this scholarship at $1,000 annually
with an award of $500 in the fall and $500 in the spring. A new application
and selection process will occur each semester. The award is to be used toward
educational and other related expenses (tuition, fees, books, transportation,
child care, etc.). The Staff Council Annual Scholarship will continue until
the Staff Council Endowed Scholarship has been fully funded and awards can
be made from its available interest. The university must receive all scholarship
gifts no later than March 15th each year to allow for selection and awarding
of the scholarships. All gifts to the fund are irrevocable. The recipients
and a representative of the Staff Council Scholarship Committee will be invited
to the annual UNCW scholarship recognition event and the scholarship will
be listed in appropriate publications to include the UNCW catalogue.
IV: Administration
The University of North Carolina Wilmington is a recognized tax exempt organization
under IRS guidelines (UNCW Tax ID 56-1258660). All policies and procedures
of UNCW shall be followed in the management of this fund. Any individual,
organization, corporation or foundation may make additions to the Fund at
any time and such additions shall be made subject to the provision of this
instrument. All gifts to the Fund are irrevocable.
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