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Directors' Memorial Scholarship Program

Chartway Promise Foundation

Foundation Annual Grants for Education

Funding Amount

Historically awarded amounts not specified; program has distributed over $350,000 total to 188 students since 1989

Deadline

Rolling / Open

Grant Type

foundation

Overview

Directors' Memorial Scholarship Program

Overview: Chartway's scholarship program created in 1989 by board members to promote and support educational advancement within the credit union's membership.

Geographic Scope: Chartway Credit Union service areas (Virginia, Texas, Utah)

Focus Areas:

  • Educational advancement for credit union members

  • Support for undergraduate and graduate degree pursuers

  • Support for members returning to complete their degrees

    • Eligibility:

  • Must be a member of Chartway Federal Credit Union

  • Pursuing graduate or undergraduate degrees OR returning to complete degrees

  • Enrollment at college or graduate school

  • No age restrictions

    • Selection Criteria:

  • Academic performance

  • Written essay

  • Letter of recommendation

    • Funding History:

  • Over $350,000 awarded to 188 deserving student members since inception in 1989

  • Awarded annually

    • Contact: (800) 678-8765 or info@chartwaypromisefoundation.org

    What Chartway Promise Foundation actually gave

    Source: IRS Form 990, 2024

    Grants in 2024
    20
    Total given
    $938K
    Median grant
    $18K
    Range
    $7,500–$245K
    • By dollars: Virginia 62%, Utah 36%, Texas 2%. Top recipient cities: Virginia Beach, VA; Norfolk, VA; Salt Lake City, UT.
    • 0% of grants with a stated purpose were for general or operating support.

    Example grants

    • Make-A-Wish Utah · Murray, UT

      Grant life changing wishes for ut children w/critical illness

      $245K

    • Make-A-Wish Virginia · Richmond, VA

      Granting wishes for children waiting in 2024

      $175K

    • Toby's Dream Foundation · Virginia Beach, VA

      Dreams for children with cancer and other life-threatening illnesses

      $100K

    • Hooked on Hope VB · Virginia Beach, VA

      Provide fishing fun for pediatric cancer families

      $65K

    • Fact · Virginia Beach, VA

      Camp gonnawannagoagain scholarship

      $57K

    IRS Form 990, 2024. Amounts as reported by the funder. Full 990 history →

    Focus Areas & Funding Uses

    Fields of Work

    education

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