The Foundation's scholarship program falls in this category, with student scholarships given from a variety of funds, each with its own specific criteria.
In the past decade, the Arlington Community Foundation has awarded more than $3,100,000 to Arlington students attending college. In 2012, more than $320,000 was awarded to 65 students entering college and 83 students continuing their college education. It is our community's premier scholarship program. Nevertheless, the need far exceeds the available funds.
There are two ways that individuals and organizations can become involved: by contributing to the Community Scholarship Fund or establishing a Named Scholarship.
The Community Scholarship Fund: Many scholarships are for one year only. This fund helps students who have already received scholarships from the Arlington Community Foundation to continue their education. The fund also supports seniors of merit and financial need who may not have been eligible for one of the specific Named Scholarships, and a special scholarship for a student attending Northern Virginia Community College. Over the past seven years the Fund has awarded more than $75,000 to 60 students.
Named Scholarships: Donors may establish general scholarships or they may choose to reward specific qualities, such as athletics or community service. A Named Scholarship requires a minimum initial contribution of $10,000. To support a permanent, endowed scholarship that awards $1,000 annually requires a one-time gift of $25,000. The Foundation strongly encourages scholarships that are renewable and provide the student with at least $2,500 annually. As an endowed scholarship, this requires a one-time gift of $175,000 or a combination of a one-time gift and annual contributions.