NOTE: All scholarship applications must be submitted between February 1st and April 15th of each school year.
FUNDING: Funding will be from the WTLA General Fund.
ADMINISTRATION OF SCHOLARSHIP FUND: A committee will be established and consist of not less than three members and not more than five members. A minimum of one WTLA Board member will be on the Committee. The Committee will be appointed annually before January 1 by the WTLA Board of Directors. The WTLA Treasurer will keep a separate recording of the monies dedicated to the WTLA Youth Scholarship Fund. The WTLA Youth Scholarship Fund monies will be kept in and disbursed from the General Fund unless the WTLA Board of Directors directs the Treasurer otherwise.
RECIPIENTS OF THE SCHOLARSHIP(S): The Scholarship should be inclusive to all young people worthy of a Scholarship. There will be one type of Scholarship that youth may apply for if they meet the criteria set forth and outlined below in Section A (below). The Committee has the right to reject any scholarship application that is not properly completed or does not meet the criteria and/or is submitted with an improper essay. The Scholarship may be used at any accredited University, College or Trade School.
(A) The WTLA Breeders of Tomorrow Scholarship:
Any young person that has been a member of WTLA, or who's Parent or Guardian has been a member Of WTLA, in good standing for the current and previous two years in which the Scholarship will be awarded will be eligible to apply for the Texas Longhorn Association Breeders of Tomorrow Scholarship (i.e. if scholarship is to be awarded in 2019), one would have to have been a Member in 2017 & 2018). The applicant must complete and return the application form and any associated documents during a period between February 1 and April 15 of the applicant's senior year of high school. In addition to the application form, the applicant must complete a 400 word essay on the topic chosen by the Scholarship Committee for that year.
VALUE OF SCHOLARSHIP: The maximum value of any one scholarship for 2019 will not exceed One Thousand Dollars ($1000.00 USD). The value of the scholarship may be adjusted to a lesser amount if the Committee deems it necessary, but all scholarships will be of equal value. As education costs continue to rise and if the fund balance grows, the dollar amount of the Scholarship may be increased on
basis by a majority vote of the WTLA Board of Directors, but in no event will the change be temporary.
ANNOUNCEMENTS OF SCHOLARSHIP(S): The announcements ofthe WTLA Scholarship Recipient are to be made by May 15 of the current year. The recipients of the Scholarships will be issued a letter advising the Applicant/Recipient of the Scholarship award with a copy of the letter sent to the recipient's High School Counselor. Press Releases will also be issued by the Committee to all appropriate publications including the Recipient's hometown newspaper.
RELEASE OF SCHOLARSHIP FUNDS: Each recipient will be required to send a letter of thank you to the
WTLA General Membership (In care of the current President) within 45 days of notification of the
Scholarship Award. The recipient must also notify the Committee of the name and contact information of the school that they will be attending including necessary information for the WTLA to send the funds to the recipient's school of choice. The Scholarship monies will be sent directly to the recipient's school and applied to the recipient's account at the school. The funds are to be paid to the school during the current year. If the need to delay payment arises, the recipient must receive approval from the Scholarship Committee to delay payment in order not to forfeit the scholarship award, but in no instance, will a scholarship funding payment be delayed longer than five (5) years from the award notification date. If Scholarship monies have been issued to a school as directed by a Scholarship recipient and the recipient does not attend the school, it is expected that the Scholarship monies will be returned to the WTLA Scholarship Fund.
ADDITIONS, DELETIONS AND CHANGES: Any additions, deletions and changes must have the approval of a majority of the WTLA Board of Directors as provided in the WTLA Bylaws.