Clara Abbott College Scholarship Program

Clara Abbott College Scholarship Program

Funder: The Clara Abbott Foundation

Geographic Scope: Available in every country where Abbott operates; program administration varies by country

Focus Areas: Need-based scholarships for dependent children of Abbott employees and retirees pursuing first undergraduate degree

Program Overview

Needs-based scholarships help dependent children of Abbott employees attend accredited colleges, universities, community colleges, vocational and trade schools. The goal is to help ease the burden of college costs on Abbott families, not fully cover costs. Scholarships can be applied towards tuition, fees, books, supplies, transportation, and room and board.

Eligibility

Employee/Retiree Requirements:

Current Abbott employee with minimum 2 years continuous Abbott service as of application deadline (or 2 years from date of acquisition)

OR former Abbott employee who met separation criteria:

- Ages 50-60 with 10+ years service
- Age 61 with 9+ years service
- Age 62 with 8+ years service
- Age 63 with 7+ years service
- Age 64 with 6+ years service
- Age 65+ with 5+ years service

Employees on FMLA remain eligible; unpaid leave makes ineligible

Employees on extended disability must have 2+ years service and receive disability pay

Contractors not eligible

Student Requirements:

Legal dependent of eligible employee/retiree

Unmarried

Age 17-24 as of application deadline

Not employed by Abbott

High school/secondary graduate or attending eligible school during next school year

Pursuing first university degree, certificate, or equivalent

Eligible Schools:

Accredited colleges/universities

Post-secondary/tertiary institutions

Vocational schools

Trade schools

What Foundation Does NOT Support:

Primary/elementary, middle/intermediate, and high school costs

Second degree or advanced degrees (Master's, Doctorate, Specialist, etc.)

Audited courses

Seminars not required for undergraduate degree

Study abroad costs

Courses not from accredited institutions

Abbott employees and spouses are not eligible

Award Information

• Awards based on family income and cost of public, in-state/in-country college tuition
• Award amounts fluctuate; scholarships never guaranteed
• Non-renewable; students receive one scholarship award during academic career
• Previously denied applicants may reapply if still eligible
• Previously awarded students cannot reapply
• In US/PR: checks sent in two installments (fall and spring semester)
• Outside US/PR: typically one lump sum wire transfer after award letter
• Tax implications vary by country; consult tax professional

Requirements After Award

• School grade reports required for 2 terms, submitted following year after award
• If school choice changes, must notify foundation via School Change form (US/PR) or email
• Email: Clara.Abbott.Scholarship@abbott.com (outside US/PR); claraabbott@scholarshipamerica.org (US/PR)

Contact Information

• Phone: +1-847-937-1090 or 1-800-972-3859
• Email: AskClara@abbott.com or Clara.Abbott.Scholarship@abbott.com

Important Notes

• Independent not-for-profit organization
• Eligibility independent from Abbott employee benefits
• Standards subject to change at Foundation's discretion without advance notice
• Foundation may deny any request at sole discretion
• Misrepresentation, fraud, deceit, or concealment has consequences per Abbott Business Code of Conduct