Establish a Named Scholarship or Professional Development Grant through the ASSE Foundation

ASSE members, regions or chapters can establish a named scholarship or professional development grant fund through the ASSE Foundation, the charitable arm of ASSE. Scholarships and grants advance the safety profession and can also provide national recognition for the donor. The Foundation manages the administrative details of this program and works with the donor to provide qualified award recipients each year.

How much does it cost to get started?

You can establish a scholarship fund with a $2,500 donation. ASSEF will invest the funds in your name. Over time, you can make additional payments toward your fund. Financial goal and timeframe must be established at the time the fund is established.

When can we issue our first award?

Once the fund balance reaches $6,000, you may name the scholarship/grant and award the first scholarship under the Foundation’s annual scholarship cycle and according to the ASSEF Restricted Fund Policy.

How do we establish the award criteria?

The Foundation will assist you in developing your award criteria by offering you a questionnaire. You will need to determine the following:

Name of the award
Amount of the annual award
For a scholarship - type of degree program, level of student (grad or undergrad) and any restrictions (geographical, gender, diversity or university-based)
For a professional development grant – type of program (seminars, conferences, college coursework, ASP, CSP, etc…)

Who determines the award winners?

The Foundation has a Scholarship/Grant Selection Committee chaired by a Trustee of the ASSE Foundation Board. The committee consists of seven ASSE members whose charge is to review each application and rank applicants accordingly.

When does the Foundation's scholarship cycle begin?

The ASSE Foundation’s scholarship cycle runs as follows:

August 1	Criteria due to ASSEF
September 1	Award Announcement
December 1	Student Applications Due
January 1 - March 31	Committee Review
April 1	Award Recipients Announced

Is there a fee for this service?

Yes, for awards under $5,000, the annual fee is $300. For awards $5,000 and over, the fee is 6% of the annual award. This covers advertising, scholarship selection, mailing costs and publicity via our website, newsletters and public relations department. The fee is only charged to the fund when an award is issued.

What is the minimum annual scholarship award?

The minimum annual scholarship is $1,000.

How much does it take to reach endowment?

To fund a $1,000 annual award, a $23,000 fund balance is necessary.
To fund a $1,500 award, $31,800 is needed.
To fund a $2,000 award, $40,700 is needed.
To fund a $3,000 award, $58,300 is needed.
To fund a $5,000 award, $94,000 is needed

These numbers are based on the ASSEF Restricted Fund Policy which currently assumes a 6% return rate. Note: The ASSEF Board can revise the interest rate & the administrative fee from time to time to reflect current conditions.

What type of publicitiy does the Foundation provide?

Your scholarship or grant fund may be advertised in Society Update, Professional Safety, the Advocate and on the Foundation’s website or using other suitable media. Information may also be distributed to the colleges and universities with safety degree programs as outlined on the ASSE website and to any school specified within the donor’s criteria.

If you have additional questions about a named scholarship or grant program please contact:

     Mary Goranson
     ASSE Foundation Manager
     847.768.3412
     mgoranson@asse.org

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