Frequently Asked Questions
Answers to your questions about Scholarships
- Am I eligible to apply for a scholarship through the Community Foundation?
- What if I have questions?
- What can scholarship awards be used for?
- Are scholarship awards taxable?
- How are scholarship recipients determined?
- How will I know if I have been selected to receive a scholarship?
- What documentation is required for my scholarship payment to be made?
- Will the check be made to me or to the school which I am attending?
- If I am awarded a scholarship, how much will I get?
- Are the scholarship awards sufficient to pay the cost of my college education?
- Where can I go to school with these scholarships?
- May I receive awards from more than one scholarship fund?
- Do I have to pay scholarship money back?
- If I receive a scholarship one year, will I automatically receive an award for the following year?
- If I withdraw from classes, am placed on academic probation or do not attend classes one semester for some reason, what happens to my scholarship?
Am I eligible to apply for a scholarship through the Community Foundation?
Each scholarship fund has specific eligibility criteria defined by the donor when the fund was established. Please read through the specific criteria to see if you are eligible for any of the Foundation's scholarship funds.
What if I have questions?
If you have questions, or to request an application, see your guidance counselor, or call Kim Abney, Program Director, at the Community Foundation (765) 454-7298 or
contact us.
What can scholarship awards be used for?
The scholarships are for educational expenses: college or university tuition, fees, required books and equipment.
Are scholarship awards taxable?
For students seeking a degree, any scholarship used for college tuition, fees, and required books and equipment is not taxable. Any portion of a scholarship used for room and board is taxable. For students not enrolled in a degree program, all scholarship funds are taxable. Consult a tax expert for advice. IRS publication 520 may prove informative.
How are scholarship recipients determined?
Each scholarship application is thoughtfully and carefully reviewed by a selection committee of community volunteers. The selection criteria that the committee uses in the selection process is determined by the donor of the scholarship fund at the time the fund was established.
How will I know if I have been selected to receive a scholarship?
You will receive a letter informing you of the scholarship(s) you have received with the total amount of the scholarship(s) and the documentation necessary from you in order that a scholarship payment can be made.
What documentation is required for my scholarship payment to be made?
The documentation necessary for a payment to be made is proof of enrollment (such as a copy of your class schedule, bill from the university, or registration). Once we receive the documentation, a check for the first half of the scholarship award will be issued for the first semester. At the end of the first semester, we will need a copy of your first semester grades and proof of your enrollment (same as for the first semester) for the second semester in order to process the second half of the scholarship award. Students are responsible for delivering their scholarship check to the appropriate office at the university they are attending.
Will the check be made to me or to the school which I am attending?
The check is made payable to both the student and university and mailed to the student. The student is responsible for delivering their scholarship check to the appropriate office at their university.
If I am awarded a scholarship, how much will I get?
Only a few of the scholarships have set award amounts. Most funds offer varying award amounts, which range from $500 to $3,000. Your award will depend on the size of the particular fund, and the directions given by the donors or fund advisors.
Are the scholarship awards sufficient to pay the cost of my college education?
No, these scholarships are intended to provide partial support. In addition to applying for scholarships through the Community Foundation, you should look into other financial aid resources such as federal Pell grants, work-study programs at the university, and loans. A complete financial aid package can be put together by your university's financial aid office, and may include a portion of each of the above types of assistance. In addition, you may find other scholarships through assistance from your guidance counselor, or at other scholarship websites listed in the Scholarship Resources page of our website.
Where can I go to school with these scholarships?
Most of the scholarships are for students attending any accredited college or university. Some scholarship funds designate that it is for students attending a post-secondary educational institution in Indiana or a particular college or university. See the specific description of each scholarship fund.
May I receive awards from more than one scholarship fund?
Yes, you may apply to all the funds to which you are eligible and therefore could be selected as a recipient for multiple scholarship awards.
Do I have to pay scholarship money back?
No, scholarships are charitable awards that do not have to be paid back. We do ask that you send a "Thank You" note to the donor of the fund c/o Community Foundation so that we can let them know that you appreciate their generosity.
We also ask that once you have completed your education and are working that you consider "paying the generosity forward,"
by contributing to the same fund or one of our other scholarship funds after you have completed your degree and have your career established.
If I receive a scholarship one year, will I automatically receive an award for the following year?
No. Currently there are a limited number of renewable scholarships. If a scholarship is renewable, you will be informed of the eligibility requirements for the renewals and will be sent a renewal application to be completed in the spring of the year in which you are allowed to re-apply.
If I withdraw from classes, am placed on academic probation or do not attend classes one semester for some reason, what happens to my scholarship?
We request that scholarship recipients inform Kim Abney, Program Director, of any changes in their status as students. If you have any extenuating circumstances, we will work with you. If not, the scholarship for that semester would be forfeited.
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