send your mentees on the scholarship
TRANSCRIPT
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Send your Mentees on a ScholarSHIP!
Jennifer Benson, Development Director
DeMoine Adams, Post-Secondary Education Coordinator
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Objectives1) Help local chapters identify a plan for
securing and awarding chapter-level scholarships to mentees in TeamMates
2) Predicting chapter scholarship funding need
3) Fundraising for scholarships and sustainability of chapter scholarship program
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Central Office Scholarship Update
TeamMates Central Office Scholarships
2006-2012
2012-Present
2016
Total TeamMates Central Office Scholarships awarded
102 356 113
TM Central Office Scholarships offered 6 38 40+
TeamMates seniors receiving a TM Central Office Scholarship
<10% 22.5% 15%
*See handout for more details
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Local Chapter Scholarship Update
➢66 Local Chapters with Scholarships
➢Between $250 - $500
➢One-time and renewable
➢Competitive and noncompetitive
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Scholarship Handbook
➢Coordinator’s Playbook
1. Type in ‘Scholarship’ in the search keyword box
2. Click ‘Scholarship Committee Handbook’
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Scholarship Handbook
1) Scholarship committee 2) IRS regulations
3) Establishing scholarship guidelines
4) Award amount, number & renewability
5) Scholarship availability 6) Payment procedures
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Scholarship Handbook➢ Scholarship application
A. Name, address, etc. B. Academic data (GPA, Class Rank, etc.) C. Essay questions
i. Involvement ii. Example of perseverance or achieving a
goal iii. Future aspirations, education plans, etc.
D. References/letters of recommendation A. At least one
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Scholarship Handbook
➢ Scoring rubric
A. Academic Data i. GPA ii. Class Rank
B. Essays i. Four questions
C. References i. 2-3
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Ways Chapters Fund Scholarships
1. Chapter designated funds in operating budget.
– Scholarship funding is defined in the chapter’s annual operating budget as a line item.
– Raised through annual fundraising efforts that are not specifically requested for scholarships.
– Can be awarded to any or all chapter’s seniors or made more long-term and awarded to each student for a set period of time.
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Ways Chapters Fund Scholarships
2. Special campaign for scholarship funding.
– Scholarship funding is defined in the chapter’s annual operating budget as a line item.
– Scholarship funding is secured by asking donors specifically for SCHOLARSHIP funding.
– Funding secured in this manner is RESTRICTED to scholarships regardless of whether you give them out that year.
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Donor Stewardship for Scholarships
• Name a scholarship after a donor.
• Invite the donor to join your scholarship committee.
• Invite the donor to your scholarship awards ceremony.
• If your chapter receives memorial gifts from someone who died, consider asking the family if you can honor the person by giving a scholarship in the name of the deceased.
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Endowing Your Scholarship Funds
• TeamMates Foundation
• Provides an investment vehicle for TeamMates Chapters.
• Chapters may open an account and invest any amount. • In July of each year, the chapter may choose to take a
5% net asset withdrawal on the chapter’s account balance.
• Funds can be used for anything but many chapters choose to fund their scholarships with their Foundation account.