|
|

Order of Kush Foundation Scholarship or Award The ORDER OF KUSH Foundation supports and encourages individual and corporate contributions to our Scholarship and Award Programs. Our goal is to assist students in their academic endeavors, and to support the professions of Archaeology, History and Linguistics by helping deserving and outstanding students attain their educational goals. Each year, the ORDER OF KUSH Foundation Scholarships and Awards Program will provide funds to deserving students at all levels of study. Additional funds will be granted in the form of fellowships, research awards, recognition awards and educational stipends throughout the year. With your help, we hope to reach many more students in the years to come, by creating new scholarships opportunities and supporting our existing programs. Corporations, association groups or individuals may contribute to any existing scholarship fund or establish a new fund to honor a particular group or individual. To create and award a scholarship or award fund for the upcoming year, contributors may establish an individual restricted fund with a minimum contribution of $25,000. Establishing a Scholarship or Award Fund Proposed rationale for fund establishment and a statement on general fund purpose and intended use will be presented to the ORDER OF KUSH Foundation Board of Directors for approval. Upon acceptance of the criteria, the board will approve the fund. Criteria will be developed according to the originator's specifications for the fund's use. Funds may also be established in the form of an award, fellowship, research grant, or an educational stipend. Establishing Criteria Once a contribution is received for establishment of a scholarship or award fund, the Foundation will provide the donor with a written donor checklist. (A sample is enclosed with examples to help guide your choices of criteria.) After being completed by the donor, the form is returned to the Foundation. The criteria are then drafted based on the donor's requests, and returned for the donor's approval. Once agreement has been reached on the criteria for the fund, the document is placed before the ORDER OF KUSH Foundation Board members and a motion is made to approve the fund. Differences Between Scholarships and Awards The ORDER OF KUSH Foundation has both a Scholarship Program, and an Awards Program. The Scholarship Program provides support for those individuals who are currently pursuing educational programs ranging from undergraduate programs, internships, didactic programs, and graduate and PhD programs. Awards funds may take several different forms. The standard awards that are granted focus on individual achievement in a particular area of endeavor. Research awards and fellowships are granted on the basis of research proposals. There are also educational stipends offered to professionals for the purpose of expanding knowledge, enhancing capabilities, and pursuing excellence in their chosen area of the fields of history, archaeology, linguistics, or education. Scholarships Scholarship Selection Process The ORDER OF KUSH Scholarship Committee, which is selected by the ORDER OF KUSH Board of Directors, reviews all scholarship applications. All scholarship applicants are computer-ranked, based on scholastic ability, professional potential and financial need. During the Scholarship Committee selection meeting, the committee evaluates applicants' rankings and reviews criteria established for each fund before making any award designation. The Scholarship Committee meeting are hosted by the Order of Kush Board of Directors. Prior to the meeting, ORDER OF KUSH Foundation staff prepares a list of scholarships to be awarded, the number to be given, and amount to be awarded. Committee members refer to the scholarship criteria book for description of awards and their criteria. All applications are checked to confirm that they meet the criteria, at which time the committee determines the recipient of each award. Awards Whether an award, fellowship, research grant, or educational stipend, the process for determining the recipients of awards is in many ways similar to the process used to determine the recipients of scholarships. Each award is assigned an individual review committee consisting of three members who have expertise or experience in the topic addressed by the award. The committees are appointed by the ORDER OF KUSH Foundation Chair, and serve for three years, unless otherwise stipulated by the award criteria. The applications are reviewed by each member based on the criteria of the award. Each committee member assigns a score to each application, the scores are tabulated, and the recipient is determined. The amounts disbursed from each award are determined at the inception of the award, and may be adjusted at the discretion of the sponsors of the award. Award Notification Individuals who receive research grants, educational stipends, and fellowships are advised of their responsibilities concerning the use of their award monies. These may include reporting requirements, time limits, and/or monitoring of research or program progress. Types of Scholarship and Award Funds The Order of Kush Foundation Board of Directors has approved two types of funding programs to which donors may contribute. These offer an array of opportunities for contributions and include: 1. Temporarily Restricted Funds - those funds of the Foundation which are totally expendable for the purpose of performing the primary focus of the Foundation: education, research, and public service. Any individual, organization or group may contribute to a named scholarship or award. Donors will work with an ORDER OF KUSH Foundation Team Member on establishing the name of the fund and criteria. Any interest earned in individual restricted funds is applied to the available balance and utilized for granting awards. There is no restriction on the amount of individual restricted funds that may be expended for scholarships each year. All funds/contributions remain in the available balance. The minimum to establish a temporarily restricted fund is $25,000. 2. Permanently Restricted/Endowed Funds - those funds where the principal is not expendable by the Foundation. Awards are made only from the interest generated from investing the fund. The minimum to establish a permanently restricted/ endowment fund is $50,000. Financial Aspects of Fund Administration Fund balance statements will be mailed annually along with a copy of the criteria sheets and ORDER OF KUSH Foundation financial reports. It is at this time that the donors should review the criteria sheet and submit any updates in contact names, addresses, etc., and send corrections and changes to the ORDER OF KUSH Foundation Scholarship and Awards Manager. Breakdown of Administrative Fees: Each fund is charged an administrative fee of 10% of the amount awarded, at the time of disbursement. A fee of .04% is charged annually, and is based on the total balance of the fund. (available and principal balance combined) Administrative fees cover services such as the cost of managing the fund, investing the fund, promotion, and expenses connected with the review committees and awarding the funds. Any interest earned is applied to the available balance and utilized for granting awards. Donor Checklist for Establishing Fund 1. Type of Proposed Fund a. Temporarily Restricted Fund______________________________ Amount (minimum $25,000)_________________________________ b. Permanently Restricted/Endowed Fund______________________ Amount (minimum $50,000) _________________________________ Type of Endowed Fund (please check one) 0 True Endowment 0 Endowment under Organization 0 Term Endowments 0 Board Designated Endowment 2. Proposed Name of Fund "The_____________________________________Fund" (Scholarship, award, etc) 3. Purpose of the Fund. To establish a fund for purpose of recognizing outstanding individuals of activities in the following categories (check as many as apply): a. Scholarship Fund: _____ Junior or senior student enrolled in Linguistic programs _____Junior or senior student enrolled in History programs _____Junior or senior students enrolled in Archaeology programs _____Graduate Students (Must be admitted in or in present pursuit of a program of graduate study) _____Senior in an undergraduate program _____Other (please specify) 4. Examples of Eligibility Criteria Resident of a particular State Academic Achievement Years of professional Experience Member of an organization or group, such as the Archaeology Institute of America, or the Sudan Archaeology Society Minimum GPA Must be U.S. Citizen Or No limitations Signature: _____________________________________________________ Name: __________________________Title: __________________________ Address: _______________________________________________________ City: __________________________________State: __________Zip: ______ Phone: _________________________________________________________ |
Order of Kush |
Scholarships and Awards |