What is the scholarship's name and origin?
The ofﬁcial name is the W.H.S. Alumni Scholarship Fund, Inc. and its by-laws were ofﬁcially adopted on April 19, 2010. It was established by the Class of 1964 as its 50th graduation anniversary gift, and the intent was to present the ﬁrst scholarship(s) at graduation ceremonies in 2014, which the class is proud to recognize happened in June 2014.
What is the purpose of the scholarship?
To provide educational assistance to qualifying WHS graduation seniors who meet the scholarships criteria.
Is support for the scholarship only open to Alumni of Westerly High School?
No, it is open to any individuals and corporate donors.
Who oversees the scholarship fund?
Currently a committee of Alumni is overseeing the scholarship, its criteria, and all of the fund raising activities. The committee has a board of ofﬁcers and directors. As of November. 2014 the fund is managed by the Rhode Island Foundation.
How will recipients for the scholarships be chosen?
First and foremost, applicants must submit applications and show ﬁnancial need. Additional criteria will be outlined by a screening committee that is appointed each year by the scholarship's ofﬁcers and directors. Any member of the screening committee who has a family relationship with an applicant must recuse himself/herself from the review process for that applicant. The screening committee will submit its recommendations to the board of directors.
What can the scholarships be used for?
The applicant must be continuing his or her education toward an apprenticeship, technical certiﬁcation or licensure, associates or bachelor's degree. Scholarship funds can be used for any legitimate expense associated with higher education.
Are contributions to the W.H.S Alumni Scholarship Fund tax deductible?
YES, it is a 501(c)3 Tax-exempt entity.
What happens to the donated funds if the fund is dissolved?
The fund is now managed by the Rhode Island Foundation and cannot be dissolved.
What determines the amount and number of scholarships?
The ﬁnancial strength of the fund will determine the number and dollar amount of the scholarships. The annual expenditure will not exceed the earned income of the fund during the preceding 12 months, plus a percentage (to be determined annually) of the funds raised during the ﬁscal year. The committee's ofﬁcers and directors will determine the percentage. This formula will allow the endowment to grow each year.