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Columbia College–Patrick Air Force Base Scholarship

Purpose of Fund: To help one or more students with financial assistance.

Type of Fund:Temporarily endowed, which means both interest and principal may be spent. When the fund reaches $20,000 it will change to permanently endowed, which means that only the interest may be spent.

Method of Funding: Through Annual Fund gifts from alumni, friends, staff and faculty, and adjunct faculty of the site. Also through special, honorarium, and memorial gifts which are site related.

Type of Initial Funding:  Cash

If additionally funded by non-cash gift(s), may the gift(s) be sold for cash?  Yes

May the gifts be co-mingled, and if so, under what condition?

Yes, gifts to this Scholarship will be invested in the College endowment with separate fund tracking and reporting.

Distribution details: See Type of Fund above.

Spend the interest and a portion of the annual contributions: If available, at least two $250 scholarships will be awarded annually.

Distribution date:  Credited to the account of the student or students as needed

Recipient Award Criteria:  The recipient must:

  1. be a degree-seeking student who is attending the Patrick Air Force base campus.
  2. be enrolled full-time for the session in which the award is received,
  3. have completed the residency hours required for the degree that the recipient is seeking
  4. have an accumulative GPA of 3.00 or higher
  5. provide a one-page written statement of needs and goals
Note: Columbia College faculty and full-time employees are not eligible to apply.

Is the Reward Renewable?  Yes, however this is not a requirement.

If, in any Given Year, there are No Qualified Recipients for the Scholarship, What is to be Done with the Funds? The earnings will be reinvested with the principal.

Recipient to be Chosen By:

A committee comprised of the campus Director, and four adjunct faculty members (one faculty member representing each degree program offered).

Details of Fund Reporting:

In the fall of each year, the Development staff person responsible will provide a fund accounting report to the Dean for AHE.

Stewardship Correspondence

Jeffrey Musgrove, Campus Director
1020 Central Ave. G-2
Patrick Air Force Base, FL 32925
Phone: 321/783-5506

Information on Founder or person that is Honored or Memorialized. N/A


The purpose of the Scholarship may not be changed until the principal reaches $20,000 or more. If the site is closed, the fund will be used at the discretion of the Columbia College Board of Trustees.

Attached Letter of Intent from the Donor? No

Staff Person Responsible for Gifts and Stewardship

John Schirmer
(800) 231-2391 ext. 7565, or (573) 875-7565

Date Form Completed. Updated , October 23, 2003


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