FLRC: Scholarship [approved 1/10/01]

Goals/Benefits:

1. Encourage and assist youth running with focus on FLRC members;
2. Give financial assistance to all runners with special events/situations;
3. Promote running as well as the FLRC;
4. More fully comply with our non-profit status and our charge to benefit society

General Tenets:

1. Make the process simple, straight-forward and informal;
2. Bestow a high level of discretion to the Scholarship Committee;
3. Realize that the Scholarship is a "work-in-progress" and should evolve over time.
4. THIS SCHOLARSHIP REPLACES ALL EXISTING FLRC SCHOLARSHIP PROGRAMS

Specific Points:

1. Account - Separate "accounting" for Scholarship funds, but not a separate account.
   FLRC Treasurer to track amount of funds available for Scholarship.
2. Funding –
   Race Profits*; totally at Race Directors discretion. Race Director can contribute up to 25% of race profit. A minimum of 10% is recommended.
   Donations – It is anticipated that Scholarship funds will also be obtained through private donation. The Scholarship will be publicized on the FLRC web page and on race applications.

   *Race profit is defined as money left after all direct race expenses have been paid. 

3. Applicants – Anyone with a running related need. This includes, but not limited to: runners attending camps or seminars, prestigious or unique events. Includes individuals, teams or other groups.
4. Applications - No deadline. Applications to be reviewed in a timely fashion and sensitive to the applicants schedule/dead-lines.
   • Letter by individual
   • Letter by Coach
   • Applications should describe the running activity and important dates associated with this activity.
   • Provide applicants running history, achievements and aspirations. Extra-curricular activities (running or non-running) that the applicant is involved in. Statement of financial need.
   • Applications are intended to be brief but applicant can include any information that they believe is pertinent.
   • If application is for a team, must describe number of runners to be served and how award is to be used/distributed.
5. Decision Guideline - At the discretion of the Committee. General "prioritization" rule follows;
   • Students (individual or team). No age restriction but assumes full-time, matriculated status.
   • K-12 students have priority over college Undergraduate
   • Undergraduate college students have priority over Graduate students
   • Olympic qualifying events, including Senior Olympics.
   • Need; defined by Committee.
   • In all applications, FLRC members would have priority over nonmembers.
6. Decision Rule -
   • All Scholarship Committee decisions must be reported to the Board
   • If Committee member has a vested interest in an applicant, that committee member will be recused from the decision making process specific to that applicant.
7. Amount of Award -
   • Maximum of $200 per individual - Maximum of $500 per team;
   • No Minimum - No prior award ineligibility
8. Committee -
   • 2 Board Members plus the FLRC President for a total of 3 members. Committee elected by FLRC Board.
   • 1-year term* (approximate). No limit to the number of terms that can be served
   • Committee members are expected to meet outside of the Board Meetings on as needed basis
   • First year committee members will serve out the remainder of the year to the first Board Meeting of the New Year.

       *Following the first year, committee members will be elected during the first Board Meeting of each New Year. Terms will run to the first Board Meeting of the following year (approximately 1-year).