The AAAA Scholarship Foundation, Inc., is a non-profit, tax-exempt corporation established to render financial assistance for the college-level education of members of the Army Aviation Association of America, Inc. (AAAA) and the spouses, unmarried siblings, unmarried children and unmarried grandchildren of current and deceased AAAA members are eligible. 100% of every dollar donated to the Scholarship Foundation goes to a scholarship or endowed principal based on the AAAA paying all overhead expenses for the Scholarship Foundation.
The Scholarship Foundation, Inc. was founded in 1963 to recognize and provide scholarship grants to the children of its members and deceased members who sought college-entry financial aid.
The AAAA Scholarship Foundation benefits from specific chapter activities, meetings, and forums that are held at the local level to generate funds for the Foundation. Many AAAA members, friends of Army Aviation, relatives of deceased members, AAAA National and Chapter activities and private businesses make financial contributions to the Foundation.
There are no paid full or part-time Foundation staff members. The individual members of the Board of Governors of the AAAA Scholarship Foundation, Inc., and the AAAA SFI Committee serve as unpaid volunteers and include active and retired leaders in Army Aviation. Program reviews are conducted at semi-annual meetings by the Board of Governors.
To apply, the applicant should request a Scholarship Grant/Loan Application from the AAAA Scholarship Foundation, Inc. by either:
The completed application should be returned on or before May 1 of the year of college entry. The postmark will govern. Additional supporting data that the applicant will be required to provide include:
The AAAA Scholarship Foundation, Inc. is a separate corporate entity working in cooperation with the Army Aviation Association of America, Inc. (AAAA) to provide scholarship grants and loans for college level education to members of the AAAA and the spouses, unmarried siblings, unmarried children and unmarried grandchildren of current and deceased AAAA members.
A. INTRODUCTION: In 1963 the Army Aviation Association of America (AAAA) created a scholarship program to secure contributions with which to fund college entrance level scholarships for children of AAAA members and deceased members. To administer the program and encourage members and others to make tax-free donations to it, AAAA created the AAAA Scholarship Foundation Inc. (Foundation) CERTIFICATE OF INCORPORATION, a non-profit, tax-exempt corporation under Section 501(C)(3) of the US Internal Revenue Service Code, IRS DETERMINATION LETTER, with a volunteer Board of Governors, supported by the AAAA National Office Staff. Thus, the Foundation is, effectively, the manager of the AAAA Scholarship Program.
The program has undergone steady and substantial growth in the number of individual scholarship awards it has provided since 1963, as well as the total amount of funds it has made available in annual educational aid.
Below are ways you can contribute:
The AAAA Individual Matching Fund Scholarship Program was established as a pilot program in 2007 with initial authorization for 3 such awards in that year's program. In Spring 2012, the SFI BOG voted to make the pilot program a new Standing Program along with the existing Heritage and Corporate Matching Fund Programs.
HOW CAN A COMPANY DONATE?
A Corporation may donate funds over a period of one to five years. Due to the Uniform Prudent Management of Institutional Funds Act (UPMIFA) required "spend rate" established by the AAAA Scholarship Foundation Board of 3.5%, the principal total must eventually be $30K or more before an actual award of $1,000 per year in perpetuity will be made.
The Heritage Matching Fund scholarships are endowed by grants from sponsoring Unit and/or Veteran associations, subject to General Fund availability and matched dollar for dollar up to $10K within a 10-year period from the General Fund and shall be awarded in perpetuity in accord with the wishes of the donor association, consistent with Foundation policy, unless otherwise stipulated.
Established in 1986, a chapter may donate funds annually to receive a matching donation. The scholarships are matched dollar for dollar up to $5K 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. 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.