Missouri State University

Scholarship Agreement

MEMORANDUM OF AGREEMENT BETWEEN

STAFF SENATE 2008-2009

and

THE MISSOURI STATE FOUNDATION

for

THE CREATION OF THE

STAFF SENATE SCHOLARSHIP

 
  1. ESTABLISHMENT
 
    1. The name of the fund shall be the Staff Senate Scholarship. It is established by the Senators of Staff Senate for the academic year 2008-2009 with Casey Comoroski, Chair. The agreement shall be effective as of the date of the last signature.
 
    1. This fund is initially established with a pledge in the amount of $1,000.
 
    1. The purpose of the agreement is to establish restricted) fund to benefit dependent students of staff persons employed at Missouri State University (hereafter indicated as the "University").
 
    1. The Missouri State University Foundation ("Foundation") agrees to receive and administer the fund as set forth in this agreement and according to the policies and procedures of the Foundation.
 
    1. This fund is considered to be an open-ended account, meaning additional contributions may be made in the future by family and friends.  
 
  1. USE OF THE FUNDS
 
    1. The University office of Student Financial Aid will administer the scholarship and make award(s) in accordance with the following:
 
    1. Eligibility: The recipient must be enrolled at Missouri State University and is making progress towards a degree. Annual completion of the FAFSA is required. Recipient may be either a staff-person employed at the University (currently and for at least one year prior to the time of application), or a qualified dependent thereof.  When awarded to a dependent student, the recipient must be enrolled full-time.
 
    1. Manner and Time of Choice: The choice of the recipient of this award will be made upon the recommendation of the Office of Student Financial Aid. Consideration will be given to high school performance, college aptitude, leadership qualities, community service and financial need. Selection will be made in the spring of each year funds are available for awarding to begin the following fall.
 
    1. Term and Amount: The balance of the account will determine the amount of each annual award. Multiple awards may be given. Recipients are eligible to renew the award for one additional year, but must reapply. Awards will be disbursed one half each semester, fall and spring.
 
    1. This fund will be administered without discrimination based on race, color, religion, sex, national origin, ancestry, age, disability, veteran status, political affiliation or sexual orientation.