STUDENT SCHOLARSHIPS: THE FUND TRUSTEES SHALL AWARD STUDENT SCHOLARSHIPS IN COOPERATION WITH THE GUIDANCE DEPARTMENT IN KEEPING WITH THE WISHES AND STIPULATIONS OF THOSE WHO HAVE ESTABLISHED INDIVIDUAL SCHOLARSHIP FUNDS. STUDENTS WILL SUBMIT AN ONLINE SCHOLARSHIP APPLICATION, COMPLETING A GENERAL INFORMATIONAL SECTION AND COMPLETING SPECIFIC REQUIREMENTS FOR INDIVIDUAL SCHOLARSHIPS SELECTED. SUPPLEMENTAL PROJECTS: A STANDARD APPLICATION FORM, APPROVED BY THE FUND TRUSTEES, SHALL BE UTILIZED FOR ALL REQUESTS FOR FUNDS. THE APPLICATION FORM SHALL INCLUDE THESE ITEMS: 1. NAME AND QUALIFICATIONS 2. STUDENT AND/OR COMMUNITY POPULATION TO BENEFIT FROM THE PROPOSED ACTIVITIES 3. STATEMENT OF THE NEED TO BE ADDRESSED 4. OBJECTIVE(S) AND ACTIVITIES 5. BUDGET 6. EVALUATION

STUDENT SCHOLARSHIPS: A SCHOLARSHIP COMMITTEE WILL BE FORMED YEARLY, FOLLOWING IRS REQUIREMENTS FOR SCHOLARSHIP PROGRAMS FOUND IN PARAGRAPH (1) (2) OR (3) OF SECTION 4945 OF THE IRS CODE. THE AMOUNT AND NUMBER OF SCHOLARSHIPS WILL BE DETERMINED BY THE INTEREST INCURRED FROM EACH INDIVIDUAL FUND. SUPPLEMENTAL PROJECTS: APPLICATIONS WILL BE ACCEPTED FROM EMPLOYEES AND/OR AREA RESIDENTS WORKING IN COOPERATION WITH THE WESTERN RESERVE LOCAL SCHOOL DISTRICT. THE REVIEW OF APPLICATIONS WILL OCCUR WITHIN THE TIME LIMITS SET BY THE FUND TRUSTEES MAY, AT THEIR DISCRETION, REVIEW ALL APPLICATIONS OR ESTABLISH ONE OR MORE SCREENING COMMITTEE(S) TO ASSIST IN THE REVIEW PROCESS. QUALITY APPLICATIONS THAT ADDRESS THE PRIORITIES ESTABLISHED BY THE FUND TRUSTEES WILL RECEIVE FIRST CONSIDERATION FOR AWARDS. THE FUND TRUSTEES SHALL APPROVE THOSE APPLICATIONS CHOSEN FOR FUNDING. DISTRIBUTIONS WITHIN THE BUDGETARY LIMITS OF EACH CATEGORY SHALL BE REPORTED THROUGH THE SCHOOL LIASION OF THE BOARD OF EDUCATI