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

2. Scholarship Coordinator, Community Foundation
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. A fund established to benefit students in a variety of ways.
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 Pledge to 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 to enroll.