TITLE
The Mayor and City Council shall discuss and possibly take action to allocate up to $10,000 in available matching funds to the applicants of the Maricopa Academic Scholarship Match Program. Discussion and Action.
AGENDA ITEM DESCRIPTION
On December 9, 2011, the request for proposal was released for the Maricopa Academic Scholarship Match Program with a deadline of January 31, 2012 at 5:00 p.m.
Organization Eligibility Criteria:
To be eligible, the organizations:
· must be a 501(c) non-profit organization,
· must provide existing services or contributions to Maricopa residents, and
· must provide financial proof indicating ability to match the dollar amount requested by February 28, 2012.
Additionally, recipients must meet the following scholarship conditions.
· Only students living within Maricopa Unified School District's boundaries are eligible for a scholarship.
· Community service, as defined by the non-profit organization, is required for students to be eligible for a scholarship.
· Scholarship qualifications set forth by the non-profit organizations cannot mandate a program of study.
Finally, recipient organizations must submit a report to the City detailing how the matched funds were utilized within 6 months of receipt of funds.
Program Applicants:
Four local non-profits have applied to participate in the Maricopa Academic Scholarship Match program, collectively requesting $12,300 in matching funds.
Maricopa Rotary Club
Scholarship Name: Maricopa Rotary Club Scholarship
Amount Requesting: $5,000
Number of Scholarships Seeking to Offer with Matching Funds: 5 Scholarships in (1) $5,000; (2) $2,250 and (2) $250 increments
Scoring: 775 points out of 840
Maricopa Friends of the Public Library
Scholarship Name: Friends of the Library Scholarship
Amount Requesting: $2,000
Number of Scholarships Seeking to Offer with Matching Funds: 2 Scholarships for $2,000
Scoring: 725 points out of 840
American Legion Post 133
Scholarship Name: American Legion Post 133 Scholarship
Amount Requesting: $300
Number of Scholarships Seeking to Offer with Matching Funds: 3 Scholarships in varying amounts
Scoring: 664 points out of 840
Maricopa Women in Business
Scholarship Name: Maricopa Women in Business Scholarship
Amount Requesting: $5,000
Number of Scholarships Seeking to Offer with Matching Funds: 1 Scholarship for $6,000 2 Scholarships for $2,000
Scoring: 733 points out of 840
STAFF RECOMMENDATION
Staff recommends the Mayor and City Council allocate matching funds to applicants collectively in an amount not to exceed $10,000.