JOHN RANDOLPH FOUNDATION
Scholarships or awards can be endowed at the foundation to offer financial assistance to many qualified students who may otherwise be unable to continue their studies due to lack of funds. Scholarships may be created by donors, organizations or businesses and may reflect the name of the donor(s) or someone they wish to honor or memorialize. The foundation and scholarship donors recognize that the well-being of the community rests in the intellectual and personal development of its citizens. Scholarship gifts are an especially rewarding way of giving. They are truly the gift that keep on giving to area students and ultimately to our community.
John Randolph Foundation made history by establishing a scholarship program in 1997 to honor Frank Boyce for his years of service to John Randolph Hospital and as John Randolph Foundation's first CEO. Initially, the Boyce Scholarship provided four $2,500 awards to assist students entering medically related fields of study. This scholarship served as the impetus for many others to assist in educating students in the Tri-Cities area. Today, the scholarship program assists students in Hopewell, Prince George, Enon, Chester, Petersburg, Colonial Heights, Dinwiddie, Sussex, Surry, Charles City and Varina. By awarding scholarships for a variety of academic pursuits, John Randolph Foundation promotes lifelong learning as a means of improving the community’s health and quality of life.
Donors can establish scholarships at John Randolph Foundation with a gift of $10,000 or more. The benefits of endowing a scholarship include:
The foundation invests scholarship funds with its other assets tapping into a broad range of investment options. The foundation’s investment committee and financial consultants work together to manage investment decisions.
Selecting scholarship winners is the highlight of the scholarship program. To attract a wide array of candidates, the foundation markets to local high schools. In addition, John Randolph Foundation hosts an informational meeting once each year to generate interest among students and their parents. Interested candidates apply online using one application for all scholarships.
After applications are received, the scholarship committee works with donors to choose the most qualified candidates. Donors are invited to attend a scholarship awards luncheon and are invited to the schools’ award ceremonies to present scholarships.
For more information about establishing a scholarship fund, contact the Executive Director at (804) 458-2239 or firstname.lastname@example.org.
©2008 John Randolph Foundation | 112 North Main Street | P.O. Box 1606 | Hopewell, Virginia 23860 | ph. 804.458.2239 | fax 804.458.3754