º $25,000 donation fully endows one scholarship to be awarded annually, in perpetuity
º Endowment can be paid in cash, securities, or credit card
º Donors can elect to pay $5,000 annually for 5 year
º Donor determines name of scholarship
º $500 grant
º $5,000 interest-free loan
º Renewable, for up to 5 years of undergraduate education
º One student per year
º Children of active, retired, or prior-served commissioned/warrant officers; and children of active or retired enlisted military personnel
º Under age 24 at time of application, unless served in U. S. military (eligibility increased by the number of years served, up to five years)
º GPA greater than or equal to 3.0 on 4.0 scale (rising Freshmen use high school GPA)
º Donor can request additional criteria (i.e. children from specific Service, specific majors)
º Students attending a military academy are not eligible
º Academic excellence
º Participation in school and/or civic activities and leadership positions
º Financial need
º Apply on MOAA website between November and March for following school year
º Impartial, blind selection process ranks all applications IAW selection criteria
º Awards announced in April
º MOAA Headquarters personnel administer program, receive donations, process applications, make selections, award payments, and collect loan re-payments
º Operating expenses paid for solely from MOAA funds (not donated funds)
º Write to donor at least annually
º Maintain GPA of at least 3.0 on 4.0 scale
º Request renewal of scholarship (up to 5 years of undergraduate education)
º Repay loan. Scholarship Fund loan repayment rate consistently exceeds 99.9%
The MOAA Scholarship Fund is a Virginia non-profit, charitable organization (EIN: 54-1659039) that is tax-exempt under section §501(c)3 of the Internal Revenue Code doing business at 201 North Washington Street, Alexandria, Virginia 22314-2539. Because MOAA supports the Scholarship Fund, 100% of all donations go towards educational assistance—not one penny pays for administrative or overhead costs.