DESIGNATED SCHOLARSHIP PROGRAM
Donation
 $25,000 donation fully endows one scholarship to be awarded annually, in perpetuity
 Endowment can be paid in cash, securities, or credit card
 Donors can elect to pay $5,000 annually for 5 year
Naming
 Donor determines name of scholarship
Scholarship (2008-09 school year)
 $500 grant
 $5,000 interest-free loan
 Renewable, for up to 5 years of undergraduate education
 One student per year
Eligibility
 Children of active, retired, or prior-served commissioned/warrant officers; and children of active or retired enlisted military personnel
 Under age 24 at time of application, unless served in U. S. military (eligibility increased by the number of years served, up to five years)
 GPA greater than or equal to 3.0 on 4.0 scale (rising Freshmen use high school GPA)
 Donor can request additional criteria (i.e. children from specific Service, specific majors)
 Students attending a military academy are not eligible
Selection criteria (each has equal weight)
 Academic excellence
 Participation in school and/or civic activities and leadership positions
 Financial need
Selection process
 Apply on MOAA website between November and March for following school year
 Impartial, blind selection process ranks all applications IAW selection criteria
 Awards announced in April
Administration
 MOAA Headquarters personnel administer program, receive donations, process applications, make selections, award payments, and collect loan re-payments
 Operating expenses paid for solely from MOAA funds (not donated funds)
Student’s responsibilities
 Write to donor at least annually
 Maintain GPA of at least 3.0 on 4.0 scale
 Request renewal of scholarship (up to 5 years of undergraduate education)
 Repay loan. Scholarship Fund loan repayment rate consistently exceeds 99.9%

The MOAA Scholarship Fund is a Virginia non-profit, charitable organization (EIN: 54-1659039) that is tax-exempt under section 501(c)3 of the Internal Revenue Code doing business at 201 North Washington Street, Alexandria, Virginia 22314-2539. Because MOAA supports the Scholarship Fund, 100% of all donations go towards educational assistance—not one penny pays for administrative or overhead costs.