Hispanic Faculty/Staff Association – Jamail/Long Challenge Grant Scholarship
Officially, the endowment is known as the Hispanic Faculty/Staff Association – Jamail/Long Challenge Grant Scholarship. The association established this endowment to recognize the accomplishments of deserving Hispanic students at The University of Texas at Austin. Dennis and Cedora Anderson donated some of the money by which this endowment was funded and the money was subsequently matched by the Jamail/Long Challenge Grant.
Each December, during the annual Holiday Fiesta, a silent auction is held to raise funds for the endowment. Members and local merchants donate merchandise for the auction. If you would like to help with this endeavor, please contact Perla Miranda, firstname.lastname@example.org.
If you would like to make a tax deductible donation to the scholarship endowment, you may do so through the Texas Exes. Credit card donations may be completed at the Texas Exes contribution page. Indicate Hispanic Faculty and Staff Association Challenge Grant Scholarship in the “I would like to donate” field.
Donations by check may be made payable to The Ex-Student’s Association with HFSA Challenge Grant Scholarship indicated in the memo. The mailing address is:
The Ex-Student’s Association
P.O. Box 142563
Austin, Texas 78714
Additionally, online giving can also be completed through the Make a Gift website which not only allows for one-time gift-giving, but also offers monthly or annual gift options.
All deserving Hispanic students enrolled at The University of Texas at Austin are eligible for this scholarship. In years for which more than one award is made, at least one scholarship will be awarded to an incoming freshman. All scholarships will be multi-year awards. To continue the scholarships, students must maintain satisfactory progress toward completion of their degree requirements and as determined by the regular procedures established by The Texas Exes.
The scholarship committee of the Hispanic Faculty/Staff Association will select recipients, as scholarships become available each year, from qualified applicants that apply through the Texas Exes Scholarship application process. Although the name of the endowment is the Hispanic Faculty/Staff Association – Jamail/Long Challenge Grant Scholarship, two of the awards will be given in perpetuity in honor of Dennis and Cedora Anderson. The Texas Exes must approve all recipients.
The Hispanic Faculty/Staff Association Scholarship Committee recommends a scholarship award of no less than $1,000 dollars per year. The fund will be invested and administered within the established fiduciary policy of The Texas Exes, and the Association’s Investment Committee will set the percentage of income to be awarded to recipients each year. The Investment Committee sets administrative fees that are paid to the money managers, investment consultants and the Association. The fees are based on the market value of the fund and are taken from the fund each year. Any earnings not awarded to the recipients each year will be returned to the fund to provide for fund growth.
Each year a portion of the membership fees go toward Scholarship funds. During the annual Holiday Fiesta in December silent and live auctions are held to raise more scholarship funds. Members and local merchants donate merchandise for the fund raising event. If you would like to help with this endeavor, please contact the current committee chair.
The scholarship will be presented at a Texas Exes annual scholarship awards presentation and the recipient(s) will also be recognized at the first monthly meeting of the Hispanic Faculty/Staff Association (September meeting).
The terms of this scholarship may be altered by the Board of Directors of The Texas Exes if it is determined that the terms no longer meet the original intent of the donors.
The students will apply through the regular application process that The Texas Exes has already in place for other scholarships and they will make names available to the committee for consideration.