Scholarship Committee Annual Report,
In 2012-2013, nine scholarships are anticipated which will total $5,500 in awards. Two of the scholarships were to students attending Quaker secondary schools at $1,000 each. Seven of the scholarships are to young adults of typical college age at $500 each. This is more than last year. There are no adults beyond typical college age so far this year. We will be serving 9 students total this year. 10 students anticipated next year and 12 students the year after. We continue to grow relative to supporting eligible youth. The broad support of the Meeting for our youth and young adults has helped strengthen and integrate the Third Haven Meeting. Students receiving scholarships are asked to address the meeting and speak about the meaning of the gift they have received. The committee receives broad support. This year the Meeting has increased its support from a prior budget of $2,000 to contribution this year of $4,000 to support the growing needs of students eligible for support by the committee. The Trustees give an annual $1,500. Gifts from Memorials and individual bequests, as well as from individual members have and continue to bring additional funds to the committee which makes up any differences from funds received from the Meeting and Trustees, and help to build the endowment fund. The committee's endowment fund has been growing each year since the committees' inception in early 2008 and now stands at approximately $42,000. That has been an average growth of approximately $10,000 per year. The committee thanks the Meeting, as a whole, he Trustees and individuals from both within the Meeting and without the Meeting for their past and continued ongoing support. It assists in defining us what it means to be a Quaker and member of Third Haven Friends Meeting. The report was respectfully submitted by Mark Beck, Clerk of Scholarship Committee.