Beatrice Educational Foundation Scholarship Grant

The Beatrice Educational Foundation Scholarship supports Beatrice High School seniors with financial aid for higher education. Established in 1987, the Foundation manages a $3.8 million Endowment Fund, providing over $55,000 in scholarships annually. Scholarships are awarded based on criteria set by the donor, focusing on academic merit and need. The Foundation aims to assist deserving students in pursuing undergraduate studies, ensuring funds are available when needed.

Overview
Beatrice Educational Foundation, a nonprofit corporation, was established in 1987, and one of the first education foundations in the State of Nebraska. The Foundation’s purpose is to provide a permanent source of financial support for the expansion and enrichment of learning opportunities for the Beatrice School District.
The 15-member Board of Trustees and selected Beatrice High School students work together to promote academic achievement and civic involvement through encouragement and support in quality school programs and innovative education that propels excellence.
The Foundation manages a $3.8 million Endowment Fund and awards over $55,000 each year in scholarships to Beatrice High School graduating seniors.
The Beatrice Educational Foundation will work with the donor to set up the scholarship selection criteria that governs the administration of the scholarship. The following items need to be addressed when setting up a scholarship with the Beatrice Educational Foundation.
Guidelines
Gifts made to an endowment are invested in perpetuity to generate earnings to support the purposes of the endowment. The gifts(s) form the principal of the endowment. The principal is never spent without specific authorization from the donor; the scholarships are provided by the earnings from the principal.The principal should be vested for an entire year before the first scholarship awards would be made.Endowments are invested by the Beatrice Educational Foundation.Distributions are generally made from endowment earnings.Scholarships are awarded annually at the Beatrice Public Schools spring awards ceremony. Donors may restrict awards on the basis of need or merit. Criteria determined by the donor in consultation with the BeatriceEducational Foundation can give preference to students seeking particular careers, participating in certain activities, and hold a particular grade point average.Unless otherwise specified by the donor, scholarships are not paid out until after the scholarship winner has completed the first semester or quarter in an accredited college or university, and a transcript of grades is received by the Beatrice Educational Foundation. If the scholarship award recipient fails to enroll in an accredited college or university OR if the student does not complete the semester or quarter, an alternate award recipient will be selected by the Scholarship and Awards Committee.The intent of the Foundation is to provide funds to deserving students needing assistance to attend a school of higher learning. Should a recipient receive other scholarship funds in excess of need, the Foundation scholarship will not be forwarded at that time. It will, however, be available for a five-year period should the recipient need these funds at a later date for tuition, room and board, or books. Foundation scholarships are restricted to undergraduate studies.

Eligibility

Beatrice High School graduating seniorsTypewritten applications are required.

Ineligibility

The donor may not name scholarship recipients. The donor will be kept fully informed of who is selected as the recipient.The donor cannot serve on the selection committee.Criteria may not compromise the Beatrice Educational Foundation’s tax-exempt status or accreditation or violate the law.