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Scholarship Program:
The purpose of the scholarship program is to
accept contributions, administer funds, and to process scholarship awards
for Collin County Community
College District students.
Establishment of
Scholarship Funds:
Scholarships may be established
either through an endowed gift or through sustaining/annual contributions to
a specific scholarship account. Endowments typically are established to honor
an individual, living or deceased, and normally will bear the name of the
person whom is recognized through the fund. An endowment also may bear the
name of the organization, corporation or other appropriate entity that
desires to support the Collin College Foundation and District in this manner. Annual
scholarships may also bear the name of the donor or honoree.
The Foundation Office will work with interested individuals and entities to
establish scholarships. The donor may assist the Foundation staff in
establishing criteria governing individual scholarship awards. This criteria
details specific requirements to be met by applicants and outlines the award
process for the scholarship. A Scholarship Agreement will be developed to
finalize the specific criteria for the selection of the scholarship
recipient. Click here for a "Scholarship
Worksheet" which you can use as a guide in preparation for a formal
Scholarship Agreement.
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Endowed Scholarships:
Endowments are defined
as restricted gifts for which the principal is held in
perpetuity and intact. By contributing $20,000 to a permanent trust fund,
donor(s) may establish a "Named" Endowed Scholarship.
The corpus of the
trust shall be invested and reinvested separately or together with other
funds of the Foundation, according to the established policy of the Collin College Foundation. A portion of the earnings from the endowment will be used to
fund the scholarship.
Additional endowments
may be established to support the District's efforts in program development,
faculty enhancement and professional development. Contact the Foundation
Office, at 972.599.3145, to receive more information.
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Annual Scholarship
Funds:
A
minimum of $1,250 annually is required to create
a "Named" Annual Scholarship. The donation should be received
prior to the awarding of the scholarship. The Foundation encourages donors
to sustain and/or renew these annual scholarships.
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General Scholarship
Funds:
Donations of less than $1,250 support the General
Scholarship Fund unless otherwise directed. The General Scholarship
Fund supports: Presidential Scholarships, Honor Scholarships, Recognition
Scholarships and other special need scholarships.
Upon specific instructions from the donor, contributions
may be directed to existing Endowed or Annual scholarship accounts.
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Selection of
Scholarship Recipients:
The Foundation Office works with the
Collin College Financial Aid Office to process scholarship awards. A Scholarship
Committee comprised of District faculty and staff, and representatives from the
Foundation make the recommendation for
selections of these recipients. Foundation scholarships are available for
both academic and technical majors. Individual donors assist in establishing
specific criteria for their scholarship such as a specific major, financial
need, GPA, and residency.
Students are required to submit online applications, via this Collin College
Foundation website, to be considered for awards for the following academic year.
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How to Create a Scholarship |
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