IV.P. BSC Scholarship Program - Revision history

Boardaa: /* Updated as per board approval at Board #3 (5.18.23) */

2023-05-23T22:18:49Z

Updated as per board approval at Board #3 (5.18.23)

← Older revision		Revision as of 15:18, 23 May 2023
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	:b. All scholarships shall be awarded based on documented need, taking into consideration other criteria set forth by donors.		:b. All scholarships shall be awarded based on documented need, taking into consideration other criteria set forth by donors.

	:c. The amount of each standard scholarship shall be 1/3 of the member’s BSC rent and/or room and board charges for one semester (e.g. 1/3 of the Fall rent). The amount of each scholarship for homeless or undocumented students will be ⅔ of the member’s BSC rent and/or room and board charges for one semester (e.g. ⅔ of the Fall rent).		:c. The amount of each standard scholarship shall be 1/3 of the member’s BSC rent and/or room and board charges for one semester (e.g. 1/3 of the Fall rent). The amount of each scholarship for formerly incarcerated, foster youth, formerly homeless or undocumented students will be ⅔ of the member’s BSC rent and/or room and board charges for one semester (e.g. ⅔ of the Fall rent).

	:d. Recipients will be notified that they have been awarded a scholarship, given the specific dollar amount, and provided a deadline for claiming the scholarship prior to the Fall cancellation deadline.		:d. Recipients will be notified that they have been awarded a scholarship, given the specific dollar amount, and provided a deadline for claiming the scholarship prior to the Fall cancellation deadline.
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	:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.		:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.


			''[Updated as per board approval at Board #3 (5/18/2023)]''

	===6. Scholarship Distribution===		===6. Scholarship Distribution===

Boardaa: /* 6. Support and Leadership Opportunities */

2022-06-24T01:05:28Z

6. Support and Leadership Opportunities

← Older revision		Revision as of 18:05, 23 June 2022
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	:b. Members living in the BSC only for one semester during the relevant academic year will receive the scholarship for that semester only.		:b. Members living in the BSC only for one semester during the relevant academic year will receive the scholarship for that semester only.

	===6. Support and Leadership Opportunities===		===7. Support and Leadership Opportunities===
	:a. ETCom will research and offer optional support and leadership development opportunities to scholarship recipients to aid them in becoming more involved and assuming leadership positions in the BSC community.		:a. ETCom will research and offer optional support and leadership development opportunities to scholarship recipients to aid them in becoming more involved and assuming leadership positions in the BSC community.

	[''Updated 8/7/19'']		[''Updated 8/7/19'']
	[[Category:Section IV - Finances]] [[Category:Policy]]		[[Category:Section IV - Finances]] [[Category:Policy]]

Boardaa: /* 5. Scholarship Distribution */

2022-06-24T01:05:17Z

5. Scholarship Distribution

← Older revision		Revision as of 18:05, 23 June 2022
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	:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.		:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.

	===5. Scholarship Distribution===		===6. Scholarship Distribution===
	:a. Half of the scholarship award will be credited to member’s accounts in Fall, and the other half in Spring.		:a. Half of the scholarship award will be credited to member’s accounts in Fall, and the other half in Spring.

Boardaa: /* 4. Awarding of Scholarships */

2022-06-24T01:05:05Z

4. Awarding of Scholarships

← Older revision		Revision as of 18:05, 23 June 2022
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	:b. Scholarship applications shall be available on the BSC website during the Spring semester and advertised frequently to ensure access to the program.		:b. Scholarship applications shall be available on the BSC website during the Spring semester and advertised frequently to ensure access to the program.

	===4. Awarding of Scholarships===		===5. Awarding of Scholarships===
	:a. All scholarship applications shall be reviewed once per year after Fall/Spring contract offers are sent, but prior to the Fall cancellation deadline. Such review will be coordinated under the direction of the Development Director and Executive Director.		:a. All scholarship applications shall be reviewed once per year after Fall/Spring contract offers are sent, but prior to the Fall cancellation deadline. Such review will be coordinated under the direction of the Development Director and Executive Director.

Boardaa: /* 3. Scholarship Applications */

2022-06-24T01:04:50Z

3. Scholarship Applications

← Older revision		Revision as of 18:04, 23 June 2022
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	:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the [https://policy.bsc.coop/index.php/IV.Q._BSC_Emergency_Grant_Program Emergency Grant Program Policy, IV.Q.]		:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the [https://policy.bsc.coop/index.php/IV.Q._BSC_Emergency_Grant_Program Emergency Grant Program Policy, IV.Q.]

	===3. Scholarship Applications===		===4. Scholarship Applications===
	:a. Current and prospective members may apply for scholarships.		:a. Current and prospective members may apply for scholarships.

Boardaa: /* Updated Scholarship Program as per board approval at Board #4 (12-10-2020)*/

2022-06-24T01:04:18Z

Updated Scholarship Program as per board approval at Board #4 (12-10-2020)

← Older revision		Revision as of 18:04, 23 June 2022
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	:e. As part of the annual Budgeting Process, CFCom may reallocate current annual, temporarily restricted donations and transfer them from the Scholarship Fund to be immediately distributed to members in need (in addition to the annual Scholarship Fund distribution formula).		:e. As part of the annual Budgeting Process, CFCom may reallocate current annual, temporarily restricted donations and transfer them from the Scholarship Fund to be immediately distributed to members in need (in addition to the annual Scholarship Fund distribution formula).

	===2. Scholarship Program ~~Funding~~===		===2. Scholarship Program Budgeting===
	:a. The amount of funds available for the scholarship program will be determined on an annual basis, using the following formula: Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) ~~plus~~ any funds budgeted by the ~~BSC during~~ the ~~annual budgeting process~~.		:a. The amount of funds available for the scholarship program each fiscal year will be determined on an annual basis during the budgeting cycle, using the following formula: (1) Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) and (2) any funds budgeted into member rates for the upcoming year and (3) temporarily restricted Scholarship Program donations from the Scholarship Fund.

			:b. CFCom and the BSC Board should consider estimated figures for scholarship programming during each budgeting cycle to determine the amount of funds that should be allocated during the BSC budgeting process, based on the members’ goals for scholarship availability.

	:b. CFCom and the BSC Board should consider estimated figures for scholarship programing during each budgeting cycle to determine the amount of funds that should be allocated during BSC budgeting process, based on the members’ goals for scholarship availability.		:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the [https://policy.bsc.coop/index.php/IV.Q._BSC_Emergency_Grant_Program Emergency Grant Program Policy, IV.Q.]

	:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the Emergency Grant Program Policy, IV.Q.

	===3. Scholarship Applications===		===3. Scholarship Applications===

Boardaa: /* Updated Scholarship Program as per board approval at Board #4 (12-10-2020)*/

2022-06-24T01:00:46Z

Updated Scholarship Program as per board approval at Board #4 (12-10-2020)

← Older revision		Revision as of 18:00, 23 June 2022
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	===1. The Scholarship Fund===		===1. The Scholarship Program and Scholarship Fund===
	:a. The ~~BSC maintains a~~ Scholarship ~~Fund created by contributions from donors specified for Scholarships. The BSC solicits donations~~ to ~~the Scholarship Fund for~~ the specific purpose of providing support to low-income members in paying a portion of their BSC housing cost. The Scholarship Fund is ~~dedicated~~ to ~~this purpose~~, and ~~neither its principal nor its earnings are available~~ to ~~meet~~ the ~~operating or capital improvement needs of~~ the ~~BSC~~.		:a. The Scholarship Program is dedicated to the specific purpose of providing support to low-income members by paying a portion of their BSC housing cost.
			:b. The Scholarship Fund is made up of endowed (permanently restricted donations) and funds designated by the Board to be used to support the Scholarship Program.
			:c. The BSC solicits temporarily restricted donations to the Scholarship Program. The BSC also allows donors to make permanently restricted, named donations of $25,000 or more to the Scholarship Fund
			:d. All donations received for scholarships will be placed into the Scholarship Fund to be invested and to achieve a reasonable rate of return to support long-term scholarship objectives.
			:e. As part of the annual Budgeting Process, CFCom may reallocate current annual, temporarily restricted donations and transfer them from the Scholarship Fund to be immediately distributed to members in need (in addition to the annual Scholarship Fund distribution formula).


	===2. Scholarship Program Funding===		===2. Scholarship Program Funding===
	:a. The amount of funds available for the scholarship program will be determined on an annual basis, using the following formula: Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) plus any funds budgeted by the BSC during the annual budgeting process.		:a. The amount of funds available for the scholarship program will be determined on an annual basis, using the following formula: Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) plus any funds budgeted by the BSC during the annual budgeting process.

Ellie: Demote headings for legible transclusion

2021-09-15T02:44:26Z

Demote headings for legible transclusion

Ellie: add policy and finances categories

2021-09-15T02:26:58Z

add policy and finances categories

← Older revision		Revision as of 19:26, 14 September 2021
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	[''Updated 8/7/19'']		[''Updated 8/7/19'']
			[[Category:Section IV - Finances]] [[Category:Policy]]

Boardaa at 17:13, 26 September 2019

2019-09-26T17:13:30Z

← Older revision		Revision as of 10:13, 26 September 2019
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	==1. The ~~Donor-Restricted~~ Scholarship Fund==		==1. The Scholarship Fund==
	:a. The BSC maintains a Scholarship Fund created by contributions from donors specified for Scholarships. The BSC solicits donations to the Scholarship Fund for the specific purpose of providing support to low-income members in paying a portion of their BSC housing cost. The Scholarship Fund is dedicated to this purpose, and neither its principal nor its earnings are available to meet the operating or capital improvement needs of the BSC.		:a. The BSC maintains a Scholarship Fund created by contributions from donors specified for Scholarships. The BSC solicits donations to the Scholarship Fund for the specific purpose of providing support to low-income members in paying a portion of their BSC housing cost. The Scholarship Fund is dedicated to this purpose, and neither its principal nor its earnings are available to meet the operating or capital improvement needs of the BSC.

← Older revision		Revision as of 19:44, 14 September 2021
Line 1:		Line 1:
	==1. The Scholarship Fund==		===1. The Scholarship Fund===
	:a. The BSC maintains a Scholarship Fund created by contributions from donors specified for Scholarships. The BSC solicits donations to the Scholarship Fund for the specific purpose of providing support to low-income members in paying a portion of their BSC housing cost. The Scholarship Fund is dedicated to this purpose, and neither its principal nor its earnings are available to meet the operating or capital improvement needs of the BSC.		:a. The BSC maintains a Scholarship Fund created by contributions from donors specified for Scholarships. The BSC solicits donations to the Scholarship Fund for the specific purpose of providing support to low-income members in paying a portion of their BSC housing cost. The Scholarship Fund is dedicated to this purpose, and neither its principal nor its earnings are available to meet the operating or capital improvement needs of the BSC.


	==2. Scholarship Program Funding==		===2. Scholarship Program Funding===
	:a. The amount of funds available for the scholarship program will be determined on an annual basis, using the following formula: Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) plus any funds budgeted by the BSC during the annual budgeting process.		:a. The amount of funds available for the scholarship program will be determined on an annual basis, using the following formula: Four percent of the three-year average of the overall value of the Scholarship Fund (calculated at the end of the fiscal year) plus any funds budgeted by the BSC during the annual budgeting process.

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	:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the Emergency Grant Program Policy, IV.Q.		:c. Ten percent of the amount budgeted by the BSC for scholarship distribution during the annual budgeting process shall be allocated toward the BSC Emergency Grant Program, which shall be distributed as outlined in the Emergency Grant Program Policy, IV.Q.

	==3. Scholarship Applications==		===3. Scholarship Applications===
	:a. Current and prospective members may apply for scholarships.		:a. Current and prospective members may apply for scholarships.

	:b. Scholarship applications shall be available on the BSC website during the Spring semester and advertised frequently to ensure access to the program.		:b. Scholarship applications shall be available on the BSC website during the Spring semester and advertised frequently to ensure access to the program.

	==4. Awarding of Scholarships==		===4. Awarding of Scholarships===
	:a. All scholarship applications shall be reviewed once per year after Fall/Spring contract offers are sent, but prior to the Fall cancellation deadline. Such review will be coordinated under the direction of the Development Director and Executive Director.		:a. All scholarship applications shall be reviewed once per year after Fall/Spring contract offers are sent, but prior to the Fall cancellation deadline. Such review will be coordinated under the direction of the Development Director and Executive Director.

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	:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.		:f. Alternate scholarships shall be ½ of the member’s third Fall payment plus ½ of the member’s first Spring payment.

	==5. Scholarship Distribution==		===5. Scholarship Distribution===
	:a. Half of the scholarship award will be credited to member’s accounts in Fall, and the other half in Spring.		:a. Half of the scholarship award will be credited to member’s accounts in Fall, and the other half in Spring.

	:b. Members living in the BSC only for one semester during the relevant academic year will receive the scholarship for that semester only.		:b. Members living in the BSC only for one semester during the relevant academic year will receive the scholarship for that semester only.

	==6. Support and Leadership Opportunities==		===6. Support and Leadership Opportunities===
	:a. ETCom will research and offer optional support and leadership development opportunities to scholarship recipients to aid them in becoming more involved and assuming leadership positions in the BSC community.		:a. ETCom will research and offer optional support and leadership development opportunities to scholarship recipients to aid them in becoming more involved and assuming leadership positions in the BSC community.

	[''Updated 8/7/19'']		[''Updated 8/7/19'']
	[[Category:Section IV - Finances]] [[Category:Policy]]		[[Category:Section IV - Finances]] [[Category:Policy]]