Chapter Endowed Scholarships
Chapter Endowed Scholarships are chapter-funded awards developed through the growth of a protected principal managed by the ASIS Foundation. Each chapter determines its own award criteria, and must ensure that awards are prudently given so that scholarships survive in perpetuity. The chapter is encouraged to build the principal through fundraising. ASIS International grants an incentive award to chapter endowments once the principal exceeds certain amounts, per our Chapter Endowed Scholarship Agreement.
Eligibility
Chapters determine scholarship eligibility criteria. Every chapter is eligible for the Chapter Endowed Scholarships program. The Foundation currently manages seven chapter-endowed funds.
Chapter Endowed Scholarship Agreement
To offer a Chapter Endowed Scholarship managed by the Foundation, the two parties enter into an agreement regarding fund management and distribution of the annual return on investment. One-third is given to the Foundation, in the name of the chapter, as an unrestricted contribution. Two-thirds is available for distribution as an award to a chapter designee. If a fund makes no awards for five years, the fund is considered inactive and may be dissolved by the ASIS Foundation Board of Trustees. Funds are subsequently reallocated to the general unrestricted endowment of the Foundation.
Criteria and Selection Process
The chapter establishes the award criteria and defines how a grant may be used. The grants could be used for leadership development programs, to reward merit, or distributed on the basis of need.
Contact Information
If you have questions, contact ASIS Foundation staff member Barbara Buzzell, development project coordinator, at 703-518-1441 or e-mail: bbuzzell@asisonline.org or foundation@asisonline.org.