Mission Statement Fund Overview Make a Donation! Questions? Contact

Frequently Asked Questions Q: I don't have any children that would need this scholarship, and my own income isn't increasing lately, so why should I contribute? A: If you contribute, you will be supporting a grass-roots movement to better the future of your fellow employee's children by increasing their educational opportunities, all the more important since many of us are faced with similar income issues. You will be making a statement that the educational needs of your colleague's children are important and you want to help fund those needs. And you will be leaving a legacy for future Carolina employees. Q: Don't faculty/staff already get a discount if their children attend UNC? A: That would be nice, but our children pay the same costs as any other student attending UNC. Q: Can my child(ren) be awarded a scholarship to attend schools other than UNC-Chapel Hill? A: Yes! Your child(ren) can be awarded an undergraduate scholarship for any accredited North Carolina public post-secondary public institution. That includes any of the 16 institutions in the UNC system, as well as local community and technical institutions. Q: Who would qualify for a scholarship? A: Any child(ren) of a UNC-Chapel Hill employee who works 30 or more hours a week. Q: How are employee "children" defined? A: Any child who is considered a dependent for income tax purposes. This can leave out grandchildren and other relations that employees may have responsibility for raising, so the committee will have leeway to expand the definition. Q: How will the scholarships be awarded? A: The scholarships will be need-based, and will be awarded by a committee of faculty and staff, assisted by the UNC Office of Scholarships and Student Aid. Q: How many scholarships will be awarded? A: That will depend on the number of need-based applicants and the amount of funds contributed by UNC employees. Q: How will the funds be handled? A: The funds will be deposited in a UNC trust account. Each year a committee of university employees will determine what percentage of the available funds will be used for the current year scholarships and what percentage will be transferred to an endowment fund for long-term growth, hopefully resulting in interest income in future years that can also be used to fund scholarships. Q: Who can contribute through payroll deduction? A: Anyone who is paid through the University payroll (ie not the UNC Hospitals or other organizations with their own payroll system.) Q: Can I just make a one-time contribution instead of doing payroll deduction? A: Yes! All contributions are greatly appreciated! Q: Do I have to contribute to qualify for a scholarship for my child(ren)? A: No, a contribution is not required. We do suggest you consider making a contribution because more contributions mean more students can be given scholarships. Q: Can my child(ren) qualify for a scholarship if I no longer work for the University? A: No. The scholarships are only for children of full-time employees. Q: If I contribute, will my child(ren) be guaranteed a scholarship? A: No. The selection process will be need-based. The number of scholarships awarded will depend on available funds, and is not based on whether you contributed to the scholarship fund. Q: Is the fund tax deductible? A: Absolutely. Contact: Bruce Egan phone: 843-7777 email: bruce_egan@unc.edu