send your mentees on the scholarship

Send your Mentees on a ScholarSHIP!

Jennifer Benson, Development Director

DeMoine Adams, Post-Secondary Education Coordinator

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

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

Local Chapter Scholarship Update

➢66 Local Chapters with Scholarships

➢Between $250 - $500

➢One-time and renewable

➢Competitive and noncompetitive

Scholarship Handbook

➢Coordinator’s Playbook

1. Type in ‘Scholarship’ in the search keyword box

2. Click ‘Scholarship Committee Handbook’

Scholarship Handbook

1) Scholarship committee 2) IRS regulations

3) Establishing scholarship guidelines

4) Award amount, number & renewability

5) Scholarship availability 6) Payment procedures

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

Scholarship Handbook

➢ Scoring rubric

A. Academic Data i. GPA ii. Class Rank

B. Essays i. Four questions

C. References i. 2-3

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.

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.

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.

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.