CHURCH
MATCHING SCHOLARSHIPS
Frequently Asked Questions
Q:
Is the Church Matching Scholarship (CMS) program limited to certain denominations?
A:
All Christian denominations are eligible to participate.
Q: Is there a
minimum or maximum limit IWU will match?
A:
There is no minimum. IWU will match up to $750 per student, per year. Churches
are encouraged to support their students with larger scholarships, but IWU will
only match dollar-for-dollar the first $750.
Q: Are students eligible
for the CMS every year?
A: Yes. Once a
student is enrolled in the program, he or she may continue to benefit from it
as long as the student meets the guidelines and the
student's church notifies IWU by June 30* of their intent to provide another scholarship
and their scholarship check is received by the first day of classes for the fall semester and
by December 1 for the spring semester.
Q: Can a church scholarship be matched
when ever it is given by the church?
A: No.
The church must notify IWU by June 30* preceding the academic year in which the
scholarship is to be awarded. The scholarship check must be received by IWU by
the first day of classes for the fall semester and December 1 for the spring semester.
* Please note, June 30 is our preferred date for timely processing. However, we will accept and match awards received prior to the first day of fall classes annually.
Q:
Is the CMS available to graduate students and students in IWU's adult and professional
studies programs?
A: No. However, churches
are encouraged to assist the student with direct scholarships to the student's
account. Other aid is available for these specialized programs.
Q: What
if a student doesn't qualify for financial aid under the existing federal and
state guidelines?
A: The student can still
receive a CMS award of up to $750 from IWU. The middle-income student is most helped
by such a scholarship. No federal or state financial aid forms need be submitted
to qualify.
Q: May a parent of an IWU student give to this fund?
A:
No. Gifts by parents are not acceptable during any year the contributor's
child is a recipient of a CMS.
Q: Why is a student not allowed to benefit
from a gift contributed by his or her parents?
A: The intent of the program is to provide new forms of financial aid for students.
Awardable monies in this program must be derived from sources which are "detached
and of disinterested generosity." It is not intended to match money that
would have been provided through other channels.
Q: If I work for a company
that matches gifts to IWU, will my gift and the my company's matching gift go
into our church's CMS account?
A: Yes,
only if your child is not benefiting from the CMS program that year. A church's
scholarship account at IWU will grow more rapidly as donors utilize their company
matching programs. We encourage you to take full advantage of your employer's
matching gift program, if they have one. Click here to learn more about the Employer
Matching Gift program.
Q: What special benefits are available to Indiana residents?
A:
Indiana donors are eligible for a 50 percent tax credit on gifts up to $400 when filing
a joint return, $200 on individual returns. Click
here to learn more about the Indiana Tax Credit.
Q: What if a student
withdraws from school or decides not to attend?
A:
Any unused scholarship money remains in the church's account for future use.
Q: Should our church wait to enter the program until we have a student coming
to IWU?
A: No. Begin now so you will be
prepared when students from your church do enroll. Planning ahead two or three
years will be beneficial to your students. It is easy to miss the June 30 preferred deadline
for the first year student.
Q: Will someone visit our church and answer
further questions about how the Church Matching Scholarship Program works?
A:
Yes. Contact the Director of Church Relations
at IWU to plan a visit.
Q: Do you still have unanswered questions?
A:
Contact our Church Relations Office staff and they will be glad to answer any
questions you may have about IWU's Church Matching Scholarship program. Over 1,800
churches have already participated in this program. IWU (and your students) would
appreciate it you would participate too!
Indiana Wesleyan University
Church
Matching Scholarship Program
Church Relations Office
4201 S. Washington
Street
Marion, IN 46953
(765) 677-2113
Fax: (765) 677-2624
e-mail:
Church Relations Office
|