Club & District Officers Handbook

Ruritan National Foundation

Build Your Dollars (BY$) Program The Foundation Build Your Dollars Program grants are a great way to increase your club’s support of high ‑ er education. All club checks must be postmarked by September 1 of each year to be eligible for the follow ‑ ing year’s grant. The BY$ Deposit Form and the BY$ Scholarship Claim Form are available on the Ruritan Foundation page under the Foundation Forms link of the Ruritan National website. • Participating clubs must send a club check for $300 to the Foundation with the BY$ Deposit Form post ‑ marked on or before September 1 for the club to be eligible. Ruritan National Foundation will notify the par ‑ ticipating clubs after receiving the club check confirming the club is in the program. Clubs must complete the BY$ Deposit form found on the Foundation web page or request one from the Ruritan National Foundation office. Each club that makes a $300 BY$ deposit by September 1 must then complete the BY$ Claim Form and submit to the Ruritan National Foundation office by June 30 of the following year. The BY$ Claim Form can be found on the Foundation page of the Ruritan National website, or one can be requested from the Ruritan National Foundation office. If not received by June 30 options are (1) request $300 refund returned to club (2) carry‑over for one year to the Build Your Dollars program, or (3) leave as a donation to the Ruritan National Foundation. • If a club does not have a student selected by June 30, they must submit a written request stating a stu ‑ dent will be determined later. • There is one application maximum and one grant maximum per club. The club selects the recipient of the grant. In selecting applicants, clubs should consider financial need, character, scholarship, academic promise, and desire. • The $300 deposit from the club will be increased with a grant from the Foundation based on interest and dividend income plus realized capital gains, less expenses of the Foundation as well as all qualified roll over grants from the prior year’s program. Upon receipt of the completed BY$ Claim Form, the Foundation office will make the BY$ scholarship grant check payable to the club and mail the check to the club. The Build Your Dollars deposits from clubs are to be recognized as Deposits and Recorded as Liabilities on the Foundation Books and will not be counted as funds in any fund account.

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Revised 8/2023