THE PHIL AND SUSAN FAMILY FOUNDATION SCHOLARSHIP PROGRAM PROVIDES FINANCIAL ASSISTANCE TO THE CHILDREN OF EMPLOYEES OF THE PHIL SMITH AUTO GROUP OR ITS SUBSIDIARIES WHO PLAN TO PURSUE A COLLEGE DEGREE. APPLICANTS MUST BE A DEPENDENT CHILD OF AN EMPLOYEE WHO HAS A MINIMUM OF TWO YEARS OF CONTINUOUS EMPLOYMENT WITH THE COMPANY. THE APPLICANT MUST BE ENROLLED FOR FULL-TIME STUDY AT AN ACCREDITED TWO OR FOUR-YEAR COLLEGE OR UNIVERSITY IN THE UNITED STATES.