Chapter Matching Fund Program
There are two types of Matched Chapter Grants: Perpetual Matched, and Annual Matched.
1. Perpetual Matched Chapter Grants are those designated Endowed Funds established by a chapter that are in the process of funding to, or have reached their minimum $30,000 threshold to yield a perpetual $1,000 per year award at the 3.5% "Spending Rate".
2. Annual Matched Chapter Grants are those designated funds that have no endowed principal and are donated, matched and disbursed in the year received.
A chapter may donate funds annually to receive a matching donation. These scholarships are matched dollar for dollar up to $5000 per year based on the chapter size, from the General Fund, subject to General Fund asset availability above a BOG established minimum General Fund floor, and shall be awarded in accord with the wishes of the donor chapter, consistent with Foundation policy, unless otherwise stipulated, whereby scholarships are awarded first to the top one-third freshmen, upperclassmen, and graduate students, then the middle third freshmen, upperclassmen, and graduate students, and lastly the bottom third freshmen, upperclassmen, and graduate students. The tiered categories for award matching are based on membership numbers established at the beginning of each calendar year. Super Chapters will be matched up to $3,000, Master Chapters will be matched up to $4,000 while both Senior and AAAA Chapters will be matched up to $5,000.
HOW WILL IT BE PAID OUT?
For recipients who are entering their Freshman year, if the Chapter's scholarship is less than $2,000 the scholarship will be paid out in a one-year grant; if the Chapter's scholarship is less than $4,000, the scholarship will be paid out in a two-year grant; and if the Chapter's scholarship is equal to or exceeds $4,000, the scholarship will be paid out in a four-year grant; for recipients who are upperclassman or graduate students, the Chapter's scholarship will be paid out in equal parts over the remaining upperclassman years.
Your AAAA Chapter Scholarship will be awarded to a Chapter Member or the spouse, unmarried sibling, child or grandchild of a current or deceased Chapter Member subject to the options you choose on the "Matching Fund Form".
If your Chapter wishes to participate in the AAAA Chapter Matching Fund Scholarship Program, please fill out the appropriate form, either the Perpetual (Endowed) Chapter Matching Fund Form (for starting a new perpetual fund) or the Annual Matching Chapter Fund Form. For those Chapters who wish to add to or change existing Perpetual Endowed Funds please use the Existing Perpetual (Endowed) Chapter Matching Fund Form.
Return all forms, along with your check made payable to the "AAAA Scholarship Foundation, Inc.", to the AAAA Scholarship Foundation, Inc., 593 Main Street, Monroe, CT 06468-2806 by June 15 of the year in which the scholarship will be awarded.
If you have any questions on this program, please feel free to contact the AAAA National Office, 800 722-ARMY.