FundSvcs Community

We manage these through our Dean of Student Affairs Office as they are usually already working with the student and are better able to bring in other support services beyond the financial aspect. Bob Swanson, CPA Controller Bowling Green State University 1851 N. Research Drive Bowling Green, Ohio 43403 rswanso@bgsu.edu<mailto:rswanso@bgsu.edu> w 419.372.8597 From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Gerradette Silveira Sent: Wednesday, June 12, 2019 11:00 AM To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG Subject: [EXTERNAL] [FUNDSVCS] Question RE: Managing Foundation Scholarships in Higher Ed Good Morning All, So I am struggling with our universities Financial Aid Office and am wondering how others in higher ed deal with this situation. Our foundation is an institutionally related foundation to the university. All of our scholarships are donor funded with agreements in place. My situation revolves around crisis awards. We offer a variety of crisis awards to students in financial need in amounts that vary between $100-1,000 depending on their situation. We follow the donor criteria and the students fill out an application as well as submits an essay about their situation. All due diligence is done to evaluate the application and merit of the request, info is gather rapidly from many sources..We turn these around within 24 hrs typically. The foundation makes an award with input from the Financial Aid Office (sometimes not but rarely) and a lot are questioned by the FA Director. They argue it is not worth it, the student has more problems then a $500 award can assist with and so on. 1) How does your foundation manage crisis awards? 2) Are applications processed by Fin Aid first then routed to the foundation? 3) Are all applications routed first through the foundation? 4) Do you pass the available money on to FA and they manage the whole process independent from the foundation with no oversight? If you are willing to share your guidelines/processes with me I would greatly appreciate it. Thank you in advance for your thoughts! Gerri Silveira University Advancement EOU Foundation eou.edu/foundation<https://secure-web.cisco.com/17obW9U7PGsLvN5eJqU7bwMkvj07rYEw--BndfHHBHF3M5XDPAsFEAqq_DKSqpIExHiN3JgmMAHg7rQ6K2BOIMifNZRX3Qq7gQPIapTJmHLEvJYIWQKvk8Wc6DWuHEqXQqFTYDW4IWgXEMUvxcqB7YS7aAKI4GEEDhoe2JmAJaZYoWIVwiQctjjJNbM08lCLWz92giXV8v-VZp7SXorZwR2-4QSNYFB02vkax3utG66VIVnoXrN4llsPcZGPFrslLY6tN20ieT3_HT3ZO-RIK7O9OyzgJ_Ja6Au8a-4avVIangPmGqT1ebaTdr7-1T9HMW-TojisVM0BLmeTGyTf9Ke6B6FycTMiG8qkqK2-xYFbdqNEp8GRQ02nnUWlfAIwpTLO3s7lANfHHSms3OlT67pRxfzAcy5zvUxv5qAc48hGv09HG-6R0rHk9vECm4NpewE-smYC51yvxbsKfvAEPY1ilUvzAZTn0vpVj6BkR5Oi8n-wqflPr748nlStP3ouXQgQZ0uDfI6eD3bGZqY34pA/https%3A%2F%2Fwww.eou.edu%2Ffoundation%2F> High Quality Programs, Access for All, Live Learn Succeed

Ours are all managed by our financial aid office > On Jun 12, 2019, at 12:02 PM, Bob Swanson <rswanso@bgsu.edu> wrote: > > We manage these through our Dean of Student Affairs Office as they are usually already working with the student and are better able to bring in other support services beyond the financial aspect. > > > > Bob Swanson, CPA > Controller > Bowling Green State University > 1851 N. Research Drive > Bowling Green, Ohio 43403 > > rswanso@bgsu.edu > w 419.372.8597 > > > > From: Advancement Services Discussion List <FUNDSVCS@LISTSERV.FUNDSVCS.ORG> On Behalf Of Gerradette Silveira > Sent: Wednesday, June 12, 2019 11:00 AM > To: FUNDSVCS@LISTSERV.FUNDSVCS.ORG > Subject: [EXTERNAL] [FUNDSVCS] Question RE: Managing Foundation Scholarships in Higher Ed > > Good Morning All, > > So I am struggling with our universities Financial Aid Office and am wondering how others in higher ed deal with this situation. > > Our foundation is an institutionally related foundation to the university. All of our scholarships are donor funded with agreements in place. My situation revolves around crisis awards. > > We offer a variety of crisis awards to students in financial need in amounts that vary between $100-1,000 depending on their situation. We follow the donor criteria and the students fill out an application as well as submits an essay about their situation. All due diligence is done to evaluate the application and merit of the request, info is gather rapidly from many sources..We turn these around within 24 hrs typically. > > The foundation makes an award with input from the Financial Aid Office (sometimes not but rarely) and a lot are questioned by the FA Director. They argue it is not worth it, the student has more problems then a $500 award can assist with and so on. > > 1) How does your foundation manage crisis awards? > 2) Are applications processed by Fin Aid first then routed to the foundation? > 3) Are all applications routed first through the foundation? > 4) Do you pass the available money on to FA and they manage the whole process independent from the foundation with no oversight? > > If you are willing to share your guidelines/processes with me I would greatly appreciate it. > Thank you in advance for your thoughts! > > Gerri Silveira > University Advancement > EOU Foundation > eou.edu/foundation > > High Quality Programs, Access for All, Live Learn Succeed

The Stewardship Office provides the Office of Student Affairs with available account balances; Student Affairs manages the application and awards process.

The Stewardship Office provides the Office of Student Affairs with available account balances; Student Affairs manages the application and awards process.