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67
Revised 8/2016
Build Your Dollars Program
Foundation Build Your Dollars Grants are a great way to
increase your club’s support of higher education. All club
checks may be submitted from beginning of the year until
ending date of October 1 (postmarked on or before).
1. Participating clubs must send a club check for $300 to
the Foundation earmarked for the BY$ program post‑
marked on or before October 1 for the club to be eligible.
Ruritan National Foundation will notify the participating
clubs after receiving the club check confirming the club
is in the program. Please provide a name and physical
address of the preferred club officer to receive the Build
Your Dollars confirmation and club coded application.
A student form and a cover letter form for the club will
be mailed to the participating club by early February.
2. Applicant will complete the club coded application in its
entirety, including the student form by the student or
parent that has been selected to receive the scholarship
and submit to the Foundation byApril 1. Application may
be submitted by the club and/or student. The club will
be given options for the $300 contribution if application
is not received by April 1, in its entirety, with cover letter
(form provided with application). If not received by April
1 options are (1) request $300 refund returned to club
(2) carry-over for one year Build Your Dollars program
(3) leave as a donation to Ruritan National Foundation.
3.
SPECIAL NOTE: STARTING WITH THE 2012/2013
BUILD YOUR DOLLAR PROGRAM THE 45 DAY EX-
TENSION WILL NO LONGER BE AVAILABLE HOW-
EVER THE CLUB MAY SEND IN THE APPLICATION
WITH STATEMENT SAYING THAT STUDENT TO BE
ANNOUNCED AT LATER TIME.
4. There is one application maximum and one grant maximum
per club. The club selects the recipient of the grant. In
selecting applicants, clubs should consider financial need,
character, scholarship, academic promise, and desire.
5. The $300 from the club will be increased with a grant
from the Foundation based on interest and dividend
income plus realized capital gains, less expenses of the
Foundation as well as all qualified roll over grants from
the 2014 program. The remaining funds will be divided
equally among all qualified participating clubs. Grants will
be rounded to the next lower $5.
6. Foundation staff will mail checks of scholarship award to
the club after May. Check will be payable to and mailed to
club for presentation to student, upon receipt of the stu‑
dent’s form. Clubs that had already selected their student
and sent the school information form to the Foundation
Office will begin receiving their checks soon after the
Trustees meet in April. Those clubs that had not selected
their student must send in the student form before the
check can be mailed to the club.
The Build Your Dollars Program money from
clubs are to be recognized as Deposits and
Recorded as Liabilities on the Foundation
Books and will not be counted as funds in any
fund account.
Operation We Care
Operation We Care provides aid to victims of situations officially declared disasters by the state
and federal governments. When a disaster strikes the Ruritan District Governor or designee is
responsible for surveying the damage and determining if OWC assistance is needed. Requests
for help are reviewed by the Foundation with assistance determined by the need and available
funds. All donations will be maintained in an OWC fund until disaster relief is requested.
*Not a First Responder*
Foundation