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Scholarship-guidelines

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CSU Chico University Advancement and University Foundation
SCHOLARSHIP GUIDELINES
New
Revised
Date Initiated
Date Revised
Endowment Project #
Annual Project #
Fund Designation:
College/Division
1) Name of Scholarship:
2) Type of Scholarship
General (applicants from any program or area of study are eligible)
College:
In the event this specific program
ceases to exist, the California
Probate Code Section
18501-18510 "Uniform Prudent
Management of Institutional
Funds Act" will be followed in
requesting any change of use.
3) Donor Funding and Account
ANNUAL 7000 and 17000 project number funds for annual and one-time scholarships.
Funds must be on deposit with the University Foundation by December 31 for a recipient to be selected the following academic year.
PERMANENT ENDOWMENT 8000 project number funds for restricted scholarship funds - $25,000 minimum starting balance
Permanent endowments are “permanently restricted funds,” better known in common parlance as “true endowment”, which means the donor has set forth
specific restrictions to last in perpetuity.
I/We DO give consent to use the principal as stated above in "PERMANENT ENDOWMENTS"
I/We DO NOT give consent to use the principal as stated above in "PERMANENT ENDOWMENTS"
Donor Signature: Donor Signature:
TERM or TEMPORARY ENDOWMENT 8000 project number funds for restricted scholarship funds- $25,000 minimum starting balance
QUASI ENDOWMENT 8000 project number funds for restricted scholarship funds - $25,000 minimum starting balance
Quasi-endowment, or the accounting term “funds functioning as endowment,” means that the institution imposed a restriction upon itself, calling a fund
quasi-endowment. However, UPMIFA and GAAP rules specifically state that the term endowment fund does not include assets an institution designates as
endowment for its own use. Consequently, quasi-endowment funds are actually unrestricted funds the Foundation chooses to treat as if endowment.
Temporarily restricted funds means the donor has restricted the funds in some temporal manner. Thus, an endowment fund may be designed to last for a set
number of years, and then released to become an unrestricted fund. In other provisions, the donor may allow interest, gain and principal to be appropriated, or
amortized, over time until the fund is fully expended. A third usage of temporary restriction is to restrict not only the fund to endowment, but also its distribution to
a specific use or program.
4) Amount of Scholarship per Recipient $
Number of Recipients:
Scholarship recipients typically receive scholarship payments in a fall and a spring payment. If a student
does not continue to meet eligibility during the academic year the scholarship may be rescinded.
5) Eligibility Requirements and Donor-Specified Criteria
Scholarship recipients must be enrolled full-time at CSU, Chico: Undergraduate students 12 units; Graduate students 8 units; Credential students 12
units. An unchecked box below indicates the item is not a requirement.
Academic GPA: Financial Need
Freshman Sophomore Junior Senior
# Years eligible:
Fall Spring
Graduate
Division Code
First Time Continuing Transfer
Enrollment Status:
Class Years:
Other Criteria:
Credential
Recruitment Retention Athletic
Or
complete the following:
Department:
Major and/or Option (list all eligible):
Selection Committee:
Name
Address
City State Zip Code Country
Secondary Contact Information:
Phone Number email
Address
Phone Number email
CountryState Zip CodeCity
Name
Donor Contact Information:
APPROVAL
Donor Date Donor Date
Scholarship Background
Please attach additional information
Advancement Director or Date
Scholarship Coordinator
Dean or Vice President Date
Vice President for Date
University Advancement
Financial Aid and Scholarship Office Date
The following documents are provided to the donor with the final guideline:
The California Probate Code Section 18501-18510 "Uniform Prudent Management of Institutional Funds Act"
The University Foundation's Endowment Spending Policy, and Policy on Assessing Administrative Fees on New Endowments
Send Original Guideline and Gift Agreement: Scholarship Coordinator (zip 155) for Completion and Distribution
Scholarship GUIDELINE FORM (annual or endowment). pdf APR 2015
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Completed 8 February 2020

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