The Hancock County Community Foundation (HCCF) will award over $214,000 in scholarships in 2015 thanks to the generosity of those who have used the Community Foundation to administer their philanthropy. Scholarships are now available through an on-line application process and are due February 27, 2015. Tremendous growth of HCCF’s endowed scholarship resources are providing greater opportunity for impact. All administration efforts require the due diligence of a responsible foundation, but can also require sophisticated change to processes.
Several significant changes to HCCF’s administration of scholarships the last two years have occurred to better address grantmaking best practices and heightened impact on educational attainment.
Scholarship applications are blinded. Thanks to advanced technology, beginning in 2014 HCCF removed students’ names from applications; thus, providing a process which ensures the impartial selection of the most qualified scholarship applicants.
- The George and Icy Vaughn Scholarship Competition is getting a facelift in 2015 to align the competition by discipline. Here’s how it will work:
- Performances must fall into one of two categories: vocal performance or instrumental performance. Each eligible applicant must be given the opportunity to audition.
- School-level auditions will determine the top performers from each of Hancock County’s public high school. The eight winners of the school-level auditions, one vocalist and one instrumentalist, will each receive a $500 scholarship and qualify for the county-wide live performing artsscholarship competition on Friday, April 10th at 7 pm.
- There will be four vocal and four instrumental scholarships awarded. Vocalists will compete with other vocalists, as will instrumentalists and will be awarded as follows: First place: $4,000; Second place $3,000; Third place $2,000; Fourth place $1000.
- HCCF grants scholarships of $500 or more. Endowed scholarships with calculated grants (based on the fund balance of the prior twelve quarters) of less than $500 are either re-endowed, or through the generosity of donors, given with an amount donated to make up the difference.
- Should a donor wish to establish an endowed scholarship, they may do so with a fund minimum of $25,000 to be donated within five years of the fund’s inception; thus, ensuring that the fund generates a significant scholarship to offset the high cost of post-secondary education.
HCCF is recognized nationally for having organizational and financial practices that are in accordance with the National Standards for U.S. Community Foundations and has been awarded the National Standards seal, an indication of the integrity and demonstrated excellence of a compliant foundation.
“Adopting and adhering to high standards is the best way we can demonstrate our ongoing commitment to maintaining the trust of our donors and the entire community,” shares Mary Gibble, President and CEO of HCCF. “We are committed to affirming the honesty and integrity that are a hallmark of our foundation.”