History and Facts
Northshore Scholarship Foundation
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History and Facts |
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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
honored 83
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 $5661 which comprised the initial Foundation bank account in the fall of that year.
Northshore Rotary’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 and Julian Karp. Memorial scholarships are now issued annually in each of their names.
Sponsorship -- Rotary and Kiwanis The Foundation expanded to include the Kiwanis Club of Northshore in 1986 and Woodinville Rotary Club in 1988. The service clubs cover administrative costs of the scholarship selection as well as the 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 16 active members of the three service clubs plus four 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 60 per cent of the assets to be invested in equities, 35 per cent in fixed income instruments and 5 per cent in liquid instruments. 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 51 scholarship accounts. New accounts may be opened with a
$25,000 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 $267,862. 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.
Five new accounts were started in 2006 for scholarships available
beginning in the spring of 2007.
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 -- $225,000. Contributions qualify as tax exempt donations. Over the 26 years, contributions to the Foundation have totaled more than $1,200,000.
Fiscal Year end June 30, 2010 Value and $$ to distribute Foundation
assets totaled $1,085,828. In September 2010 the Foundation voted to distribute
6.5
per
cent of those assets for scholarships to be issued in the spring of 2011. The
Foundation and service clubs combined to award $160,900 in
scholarships for academic year 2010-11, the 26th year of operation.
27th annual recognition event will be held May 17, 2011 The
three service clubs hosted 83 scholarship winners for year 2010 who will receive
$160,900.
Scholarship Offerings Below is a listing of all 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 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 Administration Jerry Wilmot Memorial - Business Management - Univ. of Washington Bothell 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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