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Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

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REGENTS’ POLICY MANUALSECTION 7 – UNIVERSITY DEVELOPMENT7.3.6—ENDOWED UNDERGRADUATE SCHOLARSHIPSThe University is committed to providing a high quality undergraduate education to a diverse studentbody. To recruit outstanding undergraduates and/or assist needy students, a wide variety <strong>of</strong> scholarships isrequired.Named Endowed Scholarship Funds —May be established with a suggested endowment <strong>of</strong>$10,000. This generally will support one scholarship on an annual basis. The amount <strong>of</strong> thescholarship will be limited by the annual earnings.Named Four-Year Scholarship Funds — May be established with a suggested endowment <strong>of</strong>$40,000. This generally will enable the scholarship recipient to maintain the award for four years,contingent upon maintaining minimum standards <strong>of</strong> academic performance and progress toward adegree. The fund will generate earnings to award one four-year scholarship each year, allowing for amaximum <strong>of</strong> four students to hold the named scholarship at one time.Named Endowed Alumni Scholarship —May be established with a suggested endowment <strong>of</strong>$15,000.SCHOLARSHIP GUIDELINESA constant effort will be made to keep scholarship guidelines flexible to alleviate any possibledifficulties that would make it impossible to administer the scholarship in any one year.Scholarship guidelines cannot exclude students on the basis <strong>of</strong> race, color, national origin, sex, age,religion, disability, political beliefs, or status as a veteran.In compliance with the Internal Revenue Code, donors will not be permitted to select the recipients <strong>of</strong>the scholarships which they sponsor.All criteria for endowed scholarships should be predetermined and outlined prior to approval andacceptance by the University and The University <strong>of</strong> Oklahoma Foundation, Inc., if applicable.Scholarship recipients should communicate annually during the term <strong>of</strong> the scholarship with thedonors <strong>of</strong> the endowed scholarships.ANNUAL UNDERGRADUATE SCHOLARSHIPSNamed National Merit Scholarship — Requires a minimum annual gift <strong>of</strong> $2,000.Alumni Scholars — Requires a minimum annual gift <strong>of</strong> $1,000, although smaller contributions maybe pooled with other gifts to make annual awards.Named Dean’s Scholarship — Requires a minimum annual gift <strong>of</strong> $1,000.Named Upperclass Dean’s Scholarship — Requires a minimum annual gift <strong>of</strong> $1,500.THE UNIVERSITY OF OKLAHOMA 312

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