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Scholarships - American Water Works Association

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Scholarships - American Water Works Association Powered By Docstoc
					Scholarships: Develop,
Fund, Promote & Award
Linda Moody, AWWA Sr. ETS
Coordinator
   AWWA Scholarship History
• 1985 – Abel Wolman Fellowship
• 1989 – Larson Aquatic Support
  Scholarship (2 offered)
• 1990 – Holly A. Cornell – sponsored by
  CH2M HILL
• 1993 – Thomas R. Camp – sponsored by
  Camp Dresser McKee
         Expansion of Program
• 2009
  – Five scholarships/fellowships offered
  – Funding totaling $42,000
  – Number of applications received: 50


• 2011
  – Ten scholarships/fellowships offered
  – Funding $74,500
  – Number of applications received: 238
          Types of Funding
• Endowment
  – Major investment, use interest only
  – Seek professional financial advice


• Annual cash contribution
  – Funded by outside orgs/individuals
  – Flexible
    Types of student funding

•   Fellowship
•   Scholarship
•   Grant
•   Award
•   Certification
                Next Steps
• Procedure – design process, guide
  fundraising

• Fundraising

• Recognition of Sponsors

• Administrative Fees??
       Design Scholarships
• Eligibility
• Criteria
• Establish your perimeters

• Use your academic members – wealth of
  knowledge & eager to share
        Degrees/Certification

• Certification – needs to be flexible to meet
  specific criteria
• Undergraduate – suggest target junior or
  senior level only
• Masters – usually go into consulting or
  utilities
• Doctoral – research or academic oriented
     Member/Child of Member

• Target recipient member or child of
  member can be tricky
• Member should not be current or past
  board member – ethics question
• Must have additional criteria – academic
  merit, degree sought, etc.
• Keep rating information on file for 5 years
     Promotion – Graduate Level

• Graduate level
  – Work directly with your academic members
  – Academics will share information with their
    colleagues
      Promotion - Undergraduate

• Scholarships for undergraduates
  challenging to promote
• Provide information to high school
  guidance staff
• Again - Target Junior or Senior level
                   Judging
• Utilize volunteers
  – Staff should act as administrators only


• Have odd number of judges/scholarship

• Sponsoring organization can participate

• 2006 Pension Act
  – Donor cannot control selection process
          Student Recipients
• Require thank you letter to sponsor
• Follow-up after one year
  – How did they use funds, how did they benefit
• Invite to attend & speak at conference
• Develop mentoring program
• Offer one-year student membership

• ENGAGE!!
      Disbursement of Funds

• Directly to educational institution
• Avoid tax liability
• Follow donor intent
• Students required to apprise school of all
  outside funding
• Responsibility of student to provide
  information specific to his/her school
         Federal Regulations

• 2006 Pension Protection Act
  – Donors cannot control scholarship selection
  – Donors in minority


• Odd number of judges on panel
• Avoid tax liability
• Avoid use of “award”
          Working Together

• Share scholarship availability
• Student/advisor information can be utilized
  for marketing
• Cross-promote
  – Academic members
  – Websites
  – Publications – Streamlines
  – Section Newsletters
  – Work for Water website
              Questions??

• AWWA
  – www.awwa.org – Student Center


• National Scholarship Providers Association
  – www.scholarshipproviders.org


• Linda Moody
  – lmoody@awwa.org

				
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