1. Donations to AGEHR, Area I, Inc. designated for Elizabeth Bradford Endowment unless the donor specifies that the contribution is for current scholarship needs.

2. Offerings received at Area I Festival/Conference worship services, public concerts, and other fund-raisers.

D.  Restrictions

1. The principal of the Endowment may not be increased from the General Fund of AGEHR, Area I, Inc. except by vote of the AGEHR, Area I, Inc. Board of Directors.

2.  The principal of the Endowment may not be disbursed except in the case of fiscal emergency as determined by vote of the AGEHR, Area I, Inc. Board of Directors.

E.  Management of the Endowment

The Endowment shall be managed by the AGEHR, Area I, Inc. Treasurer on behalf of and with the oversight of the AGEHR, Area I, Inc. Board of Directors

AGEHR, Area I, Inc.

The Bradford Scholarship Fund

A.  Purpose

            The purpose of the Bradford Scholarship Fund is to honor Elizabeth Bradford by providing financial assistance in the form of partial scholarships to

1. The Chair of the AGEHR, Area I, Inc. Board shall appoint one Board member to serve as Chair of the Scholarship Committee.

2. The Chair of the Scholarship Committee shall appoint two Area I members, who shall remain anonymous to the membership, as additional committee members.

3. Only the Chair of the Scholarship Committee shall be known to the general membership.

C. Duties of the Scholarship Committee

1. The Chair of the Scholarship Committee shall announce the availability, purpose, and application procedure for scholarships in the fall issue of the Fundamental Tone.
2. The Chair shall review all applications for completeness and acknowledge the receipt of all applications requesting additional submission(s) as necessary to fulfill the application process.
3. Questions regarding application of the rules regarding timeliness and/or eligibility of applications may at the discretion of the Scholarship Chair be submitted to the Scholarship Committee or the AGEHR, Area I, Inc. Board of Directors for a determination.An unintentional misapplication of the rules of timeliness or eligibility by any party shall not create precedent; nor shall such misapplication become grounds for any appeal except in the event that said misapplication results in a detrimental ruling toward the particular applicant involved.
4. The Chair of the Scholarship Committee shall distribute copies of all timely and eligible applications to the Scholarship Committee members in such manner as to protect their anonymity to the general membership.
5. The Scholarship Committee shall determine scholarship awards based upon the merits of the applications.The Chair of the Scholarship Committee may facilitate the award process by offering an initial proposal for the purpose of starting discussion.
6. The Chair of the Scholarship Committee shall notify the AGEHR, Area I, Inc. Board of all decisions of the Scholarship Committee.
7. The Chair of the Scholarship Committee shall notify each applicant of the consideration and final status of their application and any award made to the applicant.
8. The Chair of the Scholarship Committee shall work with the AGEHR, Area I, Inc. Treasurer to determine an award distribution method which will provide reasonable assurance that the award will be used for its intended purpose.

D.  Application

1. The deadline for the Director Scholarship is two months prior to the Early Bird registration deadline for the event.
2. All applicants shall be notified of the Scholarship Committee’s decisions within 30 days after the application deadline.
3. The Scholarship Committee is at liberty to devise or alter the application form or procedure.
4. The Scholarship Committee may, at its discretion, allocate all or none of the available funds in a given year.
5. The Scholarship Committee may, at its discretion, divide the available funds among the applicants.
6. The Scholarship Committee may, at its discretion, offer the scholarships again in the winter issue of the Fundamental Tone if no applications have been received by the January 31 deadline.
7. The foregoing shall not restrict in any manner the right of the AGEHR, Area I, Inc. Board of Directors to alter the application process, extend the application deadline or change in any way deemed appropriate by action of the Board the procedures of the Scholarship Committee.

E.  Eligibility

All members of AGEHR, Area I, Inc. are eligible except for members of the Scholarship Committee.

F.  Income

Income for the Bradford Scholarship Fund shall come from, but not be limited to, the following sources:

1. All interest from the Elizabeth Bradford Endowment.  Interest shall be transferred into the Bradford Scholarship Fund on a monthly or quarterly basis as appropriate; however, all interest accrued in any given fiscal year shall be transferred so as to be available for scholarships in the immediately following fiscal year.
2. Donations to AGEHR, Area I, Inc. specifically designated for the Bradford Scholarship Fund or donations to AGEHR, Area I, Inc. specifically designated for current scholarship needs.
3. Transfers from the General Fund authorized by a majority of the voting members present at any duly warned meeting of the AGEHR, Area I, Inc. Board of Directors.

G.  Disbursements

1. Disbursements from the Bradford Scholarship Fund shall be for the sole purpose of awarding scholarships as defined by these guidelines.  Any expenses of the Scholarship Committee shall be paid from the general fund of AGEHR, Area I, Inc.
2. Disbursements for scholarship awards in any given fiscal year shall be limited to the “amount available for scholarships” at the close of the immediately preceding fiscal year.
3. The “amount available for scholarships” at the close of the immediately preceding fiscal year shall be the balance in the Bradford Scholarship Fund account at the close of said fiscal year except that the “amount available for scholarships” shall include any interest accrued by the Elizabeth Bradford Endowment during the fiscal year which has yet to be transferred as of the close of the fiscal year.  The “amount available for scholarships” shall not include any minimum balance required to maintain the Bradford Scholarship Fund account.