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AASA Approval-- AAAA Meeting 29 Mar-1 Apr 2015 (UNCLASSIFIED)
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Purpose of 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.

It has been expanded to also provide grants and loans to members who seek further education, as well as the spouses, unmarried siblings, children and grandchildren of members or deceased members.

Since its inception, the Foundation has provided over $5M to more than 3,000 qualified applicants. The national scholarships are awarded on the basis of academic merit and personal achievement. The Foundation has awarded individual scholarship grants each year, ranging from $1-12K given out as one, two or four year scholarships. An Interest-free loan of up to $4K ($1K a year) is also available.