At today's Club Assembly, on a unanimous vote, the club confirmed initiating a scholarship granting relationship with the Collin County College Foundation. The scholarship granting will be a partnership relationship whereby the Rotary Club of McKinney Sunrise will provide the initial funding of one scholarship Endowment by seeding the endowment with $5000.
This endowment is scheduled to appreciate through additional gifts to a total of $30,000. During the growth period, only interest income will be available for granting scholarship grants. In addition, the Rotary Club of McKinney Sunrise will provide $45,000 for Technical Campus Scholarships in the area of Automotive Technology, Construction Management, HVAC Technology, Welding Technology, and Health Science professions.
The purpose of the scholarships are as follows:
Offer life-changing opportunities to people in need
Break cycles of poverty in economically-disadvantaged families
Empower students to thrive professionally
Build a pipeline of high-demand talent for the local economy
The Collin County College Foundation a registered 501(c)(3) non-profit organization will provide scholarship awareness throughout the campus and community, screen scholarship candidates, and administer the granted scholarships. The Club and Foundation will collaborate on the design of the scholarships, qualifications of the candidates, and the amount of the scholarships.
Jeff Caserotti, President of the Rotary Club of McKinney Sunrise, by executive order and club member volunteers created the following committee to work with the Foundation in developing the details of the scholarship program:
Joe Jaynes, Chairperson
Tom Parker
Sy Shahid
Dennis Snavely
Bobbi Wright
Chuck Koehler
The club committee will meet asap to being the collaboration work.
The purpose of the scholarships are as follows:
Offer life-changing opportunities to people in need
Break cycles of poverty in economically-disadvantaged families
Empower students to thrive professionally
Build a pipeline of high-demand talent for the local economy
The Collin County College Foundation a registered 501(c)(3) non-profit organization will provide scholarship awareness throughout the campus and community, screen scholarship candidates, and administer the granted scholarships. The Club and Foundation will collaborate on the design of the scholarships, qualifications of the candidates, and the amount of the scholarships.
Jeff Caserotti, President of the Rotary Club of McKinney Sunrise, by executive order and club member volunteers created the following committee to work with the Foundation in developing the details of the scholarship program:
Joe Jaynes, Chairperson
Tom Parker
Sy Shahid
Dennis Snavely
Bobbi Wright
Chuck Koehler
The club committee will meet asap to being the collaboration work.