Genoa Area Local Schools
Scholarship Foundation,
Inc.
As we give,
we invest in the gift of
FOREVER!
Who Are We?
The Genoa Area Local Schools Scholarship Foundation, Inc. offers
scholarships to students of the Genoa Area Local Schools. This Foundation was organized by a local
group of interested citizens on January 7, 1991, and has held a tax-free status
with the IRS since March 2, 1994.
In 2008 a total of
54 scholarships were awarded to thirty-six (36) seniors through the
Foundation. There are currently
twenty-nine (29) individual scholarship funds that offered forty-two (42)
scholarships in 2008. The various scholarship funds in the Foundation total
over $383,000 and continue to grow. In
addition, twelve (12) scholarships were given by various local businesses and
organizations in conjunction with the Foundation. This includes one four-year renewable scholarship first awarded
in 2004 (The Dehn Sisters Memorial Scholarship Trust).
These
scholarships are presented annually at the high school’s Honors Award Program
in May.
Where Do the Funds Come
From?
Contributions to the various scholarship funds can be made through gifts, honorariums, memorials, wills, etc. Gifts of money or stock may be designated to create a new scholarship or to the principal of an existing scholarship fund. Many graduating classes, along with the alumni reunions, have considered this an important endeavor and have given remaining monies to a scholarship fund.
How Does It Work?
• Contributor sends contribution (see “How Do I Make a Contribution?”).
• Foundation sends confirmation letter to contributor for tax purposes. (Please consult your tax advisor for any tax related issues.)
• Gift of $100 or more (for an individual/couple) or $500 or more (for an organization/corporation) may be listed on a plaque at the auditorium entrance in high school.
• All fund balances continue to grow. As funds mature they could provide more than one scholarship.
• Foundation policy is to give 80% of the annual interest to selected students for scholarships (remaining 20% reinvested in fund balances).
• Each individual scholarship fund has a documented agreement including a section on how the scholarship winners are to be chosen.
• Employer Matching Funds Program is available based on employer’s participation.
• If you would like additional information please contact the school office at 419-855-7741 or a Trustee.
• Students interested in information on scholarships offered through this program should contact their school counselor.
No gift is
too Small!
How Do I Make My Contribution?
Make checks payable
to: Genoa Area Local Schools Scholarship Foundation, Inc.
Send contributions to:
Attn: Jean Holcombe Date: _____________________
GenoaBank
P. O. Box 98 $25 $50 $100 $500
Genoa, Ohio 43430 Other Amount $____________
Name of Contributor: ________________________________________________
Address: ____________________________________________________________
City: ______________________________ State: _____________ Zip: __________
In Honor/Memory of:__________________________________________________
Contributions dedicated to which scholarship fund: _______________________
All blank entries will be deposited in General Scholarship Fund.
$100/$500 Contributions Information: (See “How Does It Work?”)
May we include your name on the plaque? Yes No
Name: __________________________________
May we include your name in future communications, i.e. Comet Communicator, local newspapers, etc.? Yes No
Current Scholarship Funds
2008 Scholarship Recipients