Northshore Scholarship Foundation
30 Years of History and Facts |
Scholarship
Education
Scholarship opportunities for those interested in more general fields of academic study and vocational preparation are provided through these accounts:
Anderson
Additional
scholarships are offered by the following organizations: BHS
Alumni
Clubs will honor as many as
Recipients
Guide
to The list and link to each scholarship
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Established October, 1984 by the Northshore Rotary Club This unique, non-profit corporation combined the accounts established several years prior to 1984 in memory of Inglemoor student Jon Malinowski, Inglemoor graduate Jeanne Quackenbush and community leaders Dr. Walter Sundstrom and Nick Jewett. The principal of these four memorial accounts was being slowly depleted -- reduced by 1984 to $5,661 which comprised the initial Foundation bank account in the fall of that year.
Northshore Rotary Club�s role The Northshore club�s board convinced its members to support the new Foundation and a $12,000 contribution was made. The club had been awarding scholarships to local high school graduates since 1958 under the leadership of Rotary charter members Dean Worthington, Carl Knoll, Bob Munro, Rusty Young and Julian Karp. Memorial scholarships are now issued annually in each of their names.
Sponsorship -- Rotary and Kiwanis The Foundation expanded to include support from the Kiwanis Club of Northshore in 1986 and Woodinville Rotary Club in 1988. The service clubs help cover some administrative costs of the scholarship selection process as well as the anual recognition event. Each service club monitors a number of accounts in which the clubs have a special interest or have been asked to provide oversight on behalf of the Foundation.
Management and Investment Policy The Foundation�s primary role is to manage assets and see that earnings are distributed for scholarships within the scope of its by-laws. The criteria and selection process is established by individuals and groups that established the accounts within the Foundation. The Board consists of 13 active members of the three service clubs plus three representatives from the Northshore communities at large. An investment committee serves as a liaison between the Board and the professional managers selected to manage the Foundation�s assets. Presently the policy calls for a moderate risk appoach to investments. The Foundation role is limited to managing investments and seeing that scholarship proceeds are distributed to institutions where the recipients plan to enroll or are in school. The Foundation relies solely on families, organizations and the three service clubs to establish criteria for scholarships and to be responsible for the selection process. (See mission).
Scholarship Accounts and Areas of Study The
Foundation manages 56 scholarship accounts. New accounts may be opened with a
$35,000 contribution
and by the sponsor providing scholarship selection criteria and purpose acceptable to
the Foundation. Northshore Rotary�s account has grown from $12,000 to
$82,677...Northshore Kiwanis from $5,000 to $32,147...Woodinville Rotary
from $5,000 to $96,558. The largest single account is the Les & Vista
Anderson memorial at $220,000. A $100,000 bequest was received in 2003
from the Gordon Livengood estate and, in 2004, a bequest in the amount of
$136,500 was received from the estate of Arvid K. Pride of Woodinville.
Who
qualifies to apply?
Contributions...and investments build asset base The primary growth in assets comes from new accounts and additional contributions made annually by the service clubs. The largest single contribution was in 1994 when the Foundation accepted the estate bequest from Les and Vista Anderson -- $220,000. Contributions qualify as tax exempt donations. Over the 30 years, contributions to the Foundation have totaled more than $1,300,000.
Fiscal Year end June 30, 2014 Value and $$ to distribute
Foundation assets totaled $1,317,893. In September 2013 the Foundation voted to distribute
5.5
per
cent of those assets for scholarships to be issued in the spring of 2014. The
Foundation and service clubs combined to award $127,500 in
scholarships for academic year 2014-15, the 30th year of operation.
31st annual recognition event is scheduled for May 27, 2015 The
three service clubs hosted 59 scholarship winners for year 2014 who
received
$127,500.
Scholarship Offerings Below is a partial listing of scholarship accounts within the Foundation. The listing includes the account name, its category and schools where applications are encouraged.
Les and Vista Anderson - Vocational - All Secondary Schools Rudy and Inez Beckstrom - Vocational - Bothell High School Lee and Velma Blakely Memorial - All fields - Bothell High School Bothell High School Alumni - All fields - Bothell High School Bothell High School Faculty
- All fields - Bothell High School Marv Cook Memorial - Math - Woodinville High School Karen Ann Olson Forys Memorial - All Secondary Schools Karen
Ann Olson Forys Memorial - Northshore School District staff members Richard A. Hart Memorial - All fields - Bothell United Methodist Steven Haynes Memorial - Fine Arts - All Secondary Schools J.P. Hennessey Memorial - Music - Inglemoor High School Inglemoor Memorial - All fields - Inglemoor High School Nick Jewett Memorial - Baseball/Softball - All Secondary Schools Julian Karp Memorial - Emerging Scholar - All Secondary Schools Kaysner-Rivergrove Memorial - Music, art, technology - Bothell High School Vern & Lois Keener Memorial - Occupational - Bothell High School Pop Keeney Memorial - Football - All Secondary Schools Kiwanis Club of Northshore - Academic - Bothell & Inglemoor H.S. Kiwanis Club of Northshore - Nursing - Univ. of Washington Bothell Knoll-Worthington Memorial - Business - All Secondary Schools Robert Knowles Memorial - All fields - All Secondary Schools Chris Lin Memorial - Music - Inglemoor High School Darren Lindal Memorial - Aviation - All Secondary Schools Janet & Gordon Livengood M.
- All fields - All Secondary Schools Frank B. Love Memorial - Education - All Secondary Schools Pat Matthews Continuing Education Scholarship for a Northshore district paraeducator Bob Munro Memorial - Engineering-Aviation - All Secondary Schools Marston-Malinowski Memorial - Communications - All Secondary Schools Northshore Rotary Club
- Academic - Bothell & Inglemoor H.S. Northshore Vocational Auto Technology - Auto Technology program Peg Phillips Memorial - Theater Arts - Woodinville High School Arvid K. Pride Memorial Scholarship program - Specific fields - Woodinville High School Lillian Ramsey Memorial - Pharmacy - University of Washington Rivergrove-Kaysner Memorial - All Fields - Bothell High School Paul Michael Roberts Memorial - Music - All Secondary Schools Kathleen Sanford Memorial - Education - Bothell High School Betty Stoutenburg Memorial - Art - All Secondary Schools John Stoutenburg Memorial - Healthcare Services - All Secondary Schools J.R. Suarez Memorial - Inspiration Award - Inglemoor High School Walter E. Sundstrom Memorial - Foundation Memorial Jerry Wilmot Memorial - Business Management - Univ. of Washington Bothell Woodinville Chamber of Commerce -- Business, Marketing, Finance -- Woodinville High School Woodinville Rotary Club - Make a Difference Scholarship - Woodinville High School Woodinville Rotary Club - Academic - Woodinville High School Woodinville Rotary Club - Viticulture and Enology - All Secondary Schools Woodinville Rotary - 21 Acres Agriculture Education Workman Business Scholarship - Business - UW Bothell junior enrolled in upper division business program R.C. Worthington Jr. Memorial
- Citizenship - Bothell High School
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