The establishment of the Blue and Gold Alumni Scholarship Foundation was inspired by an initiative from Elkin High School alumni to perpetuate the legacy of Elkin High School by offering a scholarship that provides financial post-secondary educational support for select students. The vision of the Blue and Gold Alumni Scholarship is to empower capable, financially needy students, who might not otherwise have the opportunity to attend college, to pursue their career and personal goals through technical and vocational education. Since most of the scholarships available at Elkin High School are for four-year bachelors programs, and few scholarships target vocational and technical students who aspire to a two-year Associates degree, the initial focus of the scholarship is to fill that void in scholarship offerings. Hence, the emphasis will be on students desiring certification in a field such as Advanced Manufacturing, Agricultural Science, Art & Design, Beauty & Wellness, Building & Construction, Business & Finance, Childhood Education, Computer & Information Technology, Health Care and Nursing, Law & Public Safety, Electronics, Electrical Contracting, Transportation and Logistics, or other vocational field. After funding a student for two years in a vocational program, the scholarship will offer funding for that student to pursue a four-year bachelor’s degree in his/her field at a public institution.
The three track Plan
The scholarship shall aim to assist students in three tracks, namely, those pursuing 1) a non-degree certification in a skilled vocation such as truck driving, plumbing, HVAC, welding, electrical, etc. 2) an Associate’s degree in a career field such as nursing or electronics, and 3) a bachelor’s degree in their career field such as accounting, nursing or computer science.
After receiving an Associate’s degree, if the recipient wishes to pursue a bachelor’s degree in his/her career field at one of the 16 colleges/universities in the UNC system, the procedure would be the same for awarding funds. First the student must apply for a Pell Grant and see a financial aid counselor to determine the amount of additional money available. Then the Blue and Gold scholarship will pay the balance of what is owed for tuition, fees, books and supplies and up to half of the cost of room and board if the recipient is living on campus. For example, if a nursing student who has received an Associate’s degree and been certified as an RN wishes to continue his/her education at a senior college to obtain a BSN, the scholarship would help fund that in accordance with the stipulations stated above.
SAFEGUARDS AND ACCOUNTABILITY
We have a checking account at First Citizens Bank in Statesville, and Kenneth Harris (Class of 65) is a cosigner on the account.
Monthly bank statements will be sent to four other alumni (currently Frank Miller, Pratt Isenhour and Kenneth Harris, Ben Mastin)
At midyear and other times, a pre-audit will be performed by Deane Hall (’68) and Frank Miller (2013) both of whom have a background in finance. They will check to ensure that all money is being spent in accordance with bylaws and policies.
At the end of our fiscal year (which will be the same as the calendar year), we will have an official audit by our CPA (currently Sam Dobbins).
The CPA will also file a 990 PF report with the IRS yearly. We are also subject to an audit by the IRS.
I will publish reports on our website and Facebook site each year detailing how much money was collected from various sources and how the money was spent including the amount that went to scholarships and costs of running the scholarship. No one in this organization receives any monetary compensation for labor or expenses. The only expenses we have involves hosting a website (which Doug Reinhardt maintains), paying for a Merchant Account, Membership in the Yadkin Valley Chamber of Commerce, marketing materials (most of which Doug Reinhardt has paid for) and paying a CPA to audit our account yearly. Perhaps we can find a CPA among our alumni who will provide this service gratis – if that would not be a conflict of interest.