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Scholarship Applicant FAQ

How is scholarship recipients selected?

The Endowment Committees annually establish applications and criteria for review and selection (consistent with any specifics of named funds).  The members of the joint Committees meet annually after the close of the application period and to verify the applicants.  All members of the joint Committees are subject to Conflict of Interest requirements established by the Board.  Final selection is based on the recommendation of a panel consisting of member and non-member participants.

 

Who is eligible to apply for a scholarship?

This depends on the specific requirements of individual funds, but generally, as all funds are limited to educators and/or students in North Carolina educational facilities, students or teachers in North Carolina are those eligible to apply, if they meet specific requirements for any fund.  There is a grant for activities related to appropriate elementary education programs as well.

 

What are the criteria by which applicants are judged?

Each specific scholarship has specific criteria established and applicants will be matched against those specific requirements of the NC Safewater Fund or other named funds.  In general, students and/or educators will need to be engaged in studying or teaching in the field of environmental, water and/or wastewater science. More details found on ncsafewater.com

 

Who manages the endowment funds?

Triangle Community Foundation is the designated fund manager.  The Board has established an Endowment Policy, which requires that all funds be managed in compliance with State and Federal laws (UPMIFA) and the Endowment Committee meets at least quarterly, to review all financial reports.  Additionally, the Association has an annual audit, performed by an outside audit firm specializing in non profit accounting, and the endowment funds are included in the audit review and report

 

What are the typical scholarship amounts given?

The amount of funds available to be awarded will depend on the earnings received from investing the endowment funds.  The amount of a specific scholarship or grant will vary depending on the criteria stipulated in each “Named Fund”.  For example, the current goal of The Carol Bond Fund is to award two $1,000 scholarships to four-year university students, four $500 scholarships to Community College students and two $500 grants to outstanding environmental educators annually.

 

What schools will students be able to attend?

North Carolina educational institutions.  See Scholarships Description for more detail on www.ncsafewater.org

 

What if an applicant has a degree but wants to go back for a graduate degree?

That might be possible, depending on the requirements of individual named funds and annual criteria established by the joint Committees.  Some of the scholarship funds include provisions for graduate-level studies.

 

There appear to be several different funds—what differentiates them?

Presently, the endowment program has 11 funds.  The NC Safewater Fund is the overall fund established with the Triangle Community Foundation.  The other “named funds”  are described in detail in the Endowment Donor Program Sheet. Those established

 

Will the scholarships be available to anyone, or just to students whose parents are NC AWWA-WEA members?

Any student who meets the qualifications of eligibility can apply for a scholarship

 

How many scholarships will be awarded each year?

The number of scholarships and grants awarded each year will depend on the amount of earnings received from the investment of “the corpus”.  As “the corpus” is increased by new donations, the earnings will increase and therefore, we will be able to increase the number and /or the amount of scholarships and grants we award.  Typically a “corpus” of $100,000 should generate between $4,000 and $5,000 to be distributed per year on a sustainable basis.

 

Is the fund limited to NC residents?

These scholarships are not limited to NC residents.  Distribution of funds from The NC Safewater Fund is limited to students who are attending colleges and community colleges located in North Carolina and are completing a course of study emphasizing the protection of public health by providing healthful drinking water and/or protecting the quality and integrity of the water environment and to educators who are providing enhanced water environment education to registered students and/or the public.  Some of the “Named Funds” may have additional limitations on the distribution of funds

 

Are there restrictions on the fund’s distribution?

Yes.  In general, scholarship disbursements are limited to educational activities in the field of environment, water and wastewater in the form of awards for scholarships and grants to educators.  The Board of Trustees of NC AWWA-WEA established the NC Safewater Endowment for the purpose of promoting safe water, increasing knowledge and understanding of safe water, and preserving and enhancing the water environment.  The primary means for accomplishing this purpose is to provide scholarship funds to individuals who seek assistance in order to complete a course of study emphasizing the protection of public health by providing healthful drinking water and/or protecting the quality and integrity of the water environment.  In addition, the NC Safewater Endowment will award funds to assist educators in providing enhanced water environment education to registered students and/or the public. Any distribution of grants or scholarships must comply with this purpose.  In additional to this general compliance, donors establishing “Named Funds” may stipulate additional restrictions on distribution of funds generated by that fund.  These restrictions and conditions have to be approved by the NC AWWA-WEA Board of Trustees and are expected to comply with the general purpose of the endowment


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