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Scholarship
Applications must be forwarded to the Communities Foundation of
Texas (CFT) where a CFT Trustee-approved selection committee will
screen them and make the decision by consensus in accordance with
the criteria.
The scholarship may be used for tuition, laboratory
fees, books, academic fees, room and board only at an accredited
college or university in the U.S. or its possessions. The scholarship
monies will be sent directly to the college or university. Any unused
portion of the annual award will be returned for redeposit in the
Fund.
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Once the student
accepts a scholarship, he/she must maintain a 2.75 GPA on a 4.0
scale and successfully complete a minimum of 12 hours each semester.
The student must keep CFT informed of any changes in address and
send certified transcripts showing courses, hours taken and grades
received as they become available. Failure to complete either or
these requirements may result in loss of the scholarship.
The CFT is a designated Fund under the ultimate control of the
CFT Board of Trustees and is operated in compliance with IRS and
U.S. Treasury regulations to assure that the Fund is a component
of a public charity and not a private foundation. CFT professionally
manages more than 700 component funds which are invested in a tailored
portfolio that produces funds for asset growth and security of principal.
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