Willamette Valley
Street Rods
CHEMEKETA COMMUNITY COLLEGE
FOUNDATION
​WILLAMETTE VALLEY STREET RODS SCHOLARSHIP FUND
​WILLAMETTE VALLEY STREET RODS SCHOLARSHIP FUND
I.
Establishment
The Chemeketa Community College Foundation hereby agrees to establish the
Willamette Valley Street Rods Scholarship Fund per the terms of this agreement. This
fund is established by gifts from the Willamette Valley Street Rods.
II. Purpose
The purpose of this fund is to provide assistance to students enrolled in the second year
of the Automotive Technology Program at Chemeketa Community College. The intent
of the fund is to award one or more scholarships to students to be used to help defray
their tuition costs and other fees. Participating students must enroll or be enrolled in
classes and make consistent progress toward their degrees or certificates in automotive
technology.
III. Funding
This account shall be funded with private donations.
IV. Investment
For investment purposes, all contributions for this fund may be merged with any of the
investment assets of the foundation, but these gifts shall be entered in the foundation's
books and records as the Willamette Valley Street Rods Scholarship Fund. The
distributed income shall be used for purposes authorized by this agreement. The
investment, management and expenditures of all funds shall be in accordance with
foundation policies and procedures.
V. Administration
The executive director of the Chemeketa Community College Foundation shall be the
administrator of this fund. Expenditures relating to this fund shall be subject to
foundation accounting procedures and guidelines.Scholarship awards will be based on the quality of the applicant's personal statement of
career goals, perceived aptitude for success, and financial need.
To qualify for the scholarship, an applicant must:
! Be a second-year student at Chemeketa Community College, carrying a
minimum of 12 credit hours per term;
! Commit to pursuing a degree in automotive technology;
! Demonstrate financial need;
! Submit two letters of reference from instructors, employers or counselors,
attesting to the applicant’s character and motivation;
! Demonstrate ability to succeed in the field of automotive technology; and
! Provide evidence of satisfactory (minimum 2.5 GPA) academic achievement.
Preference will be given to students who have graduated from high schools within the
Chemeketa Community College district.
Applications will be screened by Chemeketa Financial Aid staff and the Chemeketa
Community College Foundation, and final selection will be made by a committee
designated by the Willamette Valley Street Rods. Once a student has been awarded a
scholarship, any decision to drop a class must be made early enough so that tuition is
refunded to the Willamette Valley Street Rods Scholarship Fund. The Willamette Valley
Street Rods would like recipients to attend a club meeting and describe their career
plans and how the scholarship will help them along those career paths. In addition, the
scholarship recipient will be awarded a 1-year member with the Willamette Valley Street
Rods Club and be entitled to receive the club newsletter during that time.
VI. Amendment
This agreement may be amended by the mutual consent of the foundation and the
undersigned during their lifetimes. If changed circumstances should at some future time
cause the continuation of this fund to be inappropriate or impractical, and the donors
either are not living or are not able to consent to an amendment, then the foundation
may re-designate the purpose of the fund and the income therefrom, providing that the
fund shall continue to bear the name Willamette Valley Street Rods Scholarship Fund
and that the amended terms shall adhere as closely as possible to the donor's original
intent for the fund.
Signed by Don Erickson for Willamette Valley Street Rods
Signed by Andrew Bone, Executive Director
Chemeketa Community College Foundation
Amended Oct. 4, 2011
The Chemeketa Community College Foundation hereby agrees to establish the
Willamette Valley Street Rods Scholarship Fund per the terms of this agreement. This
fund is established by gifts from the Willamette Valley Street Rods.
II. Purpose
The purpose of this fund is to provide assistance to students enrolled in the second year
of the Automotive Technology Program at Chemeketa Community College. The intent
of the fund is to award one or more scholarships to students to be used to help defray
their tuition costs and other fees. Participating students must enroll or be enrolled in
classes and make consistent progress toward their degrees or certificates in automotive
technology.
III. Funding
This account shall be funded with private donations.
IV. Investment
For investment purposes, all contributions for this fund may be merged with any of the
investment assets of the foundation, but these gifts shall be entered in the foundation's
books and records as the Willamette Valley Street Rods Scholarship Fund. The
distributed income shall be used for purposes authorized by this agreement. The
investment, management and expenditures of all funds shall be in accordance with
foundation policies and procedures.
V. Administration
The executive director of the Chemeketa Community College Foundation shall be the
administrator of this fund. Expenditures relating to this fund shall be subject to
foundation accounting procedures and guidelines.Scholarship awards will be based on the quality of the applicant's personal statement of
career goals, perceived aptitude for success, and financial need.
To qualify for the scholarship, an applicant must:
! Be a second-year student at Chemeketa Community College, carrying a
minimum of 12 credit hours per term;
! Commit to pursuing a degree in automotive technology;
! Demonstrate financial need;
! Submit two letters of reference from instructors, employers or counselors,
attesting to the applicant’s character and motivation;
! Demonstrate ability to succeed in the field of automotive technology; and
! Provide evidence of satisfactory (minimum 2.5 GPA) academic achievement.
Preference will be given to students who have graduated from high schools within the
Chemeketa Community College district.
Applications will be screened by Chemeketa Financial Aid staff and the Chemeketa
Community College Foundation, and final selection will be made by a committee
designated by the Willamette Valley Street Rods. Once a student has been awarded a
scholarship, any decision to drop a class must be made early enough so that tuition is
refunded to the Willamette Valley Street Rods Scholarship Fund. The Willamette Valley
Street Rods would like recipients to attend a club meeting and describe their career
plans and how the scholarship will help them along those career paths. In addition, the
scholarship recipient will be awarded a 1-year member with the Willamette Valley Street
Rods Club and be entitled to receive the club newsletter during that time.
VI. Amendment
This agreement may be amended by the mutual consent of the foundation and the
undersigned during their lifetimes. If changed circumstances should at some future time
cause the continuation of this fund to be inappropriate or impractical, and the donors
either are not living or are not able to consent to an amendment, then the foundation
may re-designate the purpose of the fund and the income therefrom, providing that the
fund shall continue to bear the name Willamette Valley Street Rods Scholarship Fund
and that the amended terms shall adhere as closely as possible to the donor's original
intent for the fund.
Signed by Don Erickson for Willamette Valley Street Rods
Signed by Andrew Bone, Executive Director
Chemeketa Community College Foundation
Amended Oct. 4, 2011
