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EVENT CALENDAR
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<< | Tuesday, February 07, 2012 | >> |
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LIHBC GREGORY MANCINI MEMORIAL SCHOLARSHIP FUND
 Download the LIHBC Gregory Mancini Memorial Scholarship Fund PDF document
Mission
To provide monetary assistance, regardless of need, to Nassau and Suffolk County High School graduates, or graduates of an accredited two-year college, who will pursue a higher education in the Building Industry.
Building Industry Definition
For the purpose of this Scholarship Fund, “Building Industry” shall be defined as including the following areas of endeavor:
- New home construction and/or residential renovation
- Commercial construction and/or renovation
- Real estate development
- Finance with a major concentration in the Industry
- Any other related professional field
Applicant Qualifications
Scholarships shall be available to children or grandchildren of Long Island Builders Institute (LIBI) members, their employees and their children and grandchildren. Applicants should meet the following qualifications:
- Maintenance of minimum establish academic grades
- Community involvement in charitable, social and/or political endeavors
- Prior involvement in the Industry through education and/or employment
Long Island Home Builders Care Executive Committee Rules
- The Long Island Home Builders Care (LIHBC) Board of Directors, upon recommendation from the LIHBC Executive Committee (The Committee), shall establish a Scholarship Selection Board which will consist of a minimum of five and a maximum of seven members. Members shall serve an annual term.
- No member of the Scholarship Selection Board shall be a member, family of, or employee of a member of LIBI or LIHBC.
- The Committee may from time to time modify or establish new criteria for Applicant Qualifications consistent with the Mission.
- Among the Committee’s responsibility shall be the preservation and expansion of the Fund’s corpus so as to maintain the ability to continue to provide scholarships indefinitely.
- From time to time, the Committee may sponsor fund raising events provided that the net receipts of such events benefit the Scholarship Fund exclusively.
Scholarships
Scholarships shall be awarded to applicants as follows:
- At least one but no more than three scholarships shall be awarded each year.
- The scholarship shall be for a term equal to the original term of study for which the scholarship was awarded.
- An amount of One Thousand Dollars per year (four years of study would equal a $4,000 award) shall be awarded to each recipient.
- Recipients shall be required to re-qualify each year based on minimum standards established by the Committee.
- The monetary awards shall be distributed annually subject to the recipients re-qualification in accordance with established standards.
- Monetary awards may be used for related items or expenses other than direct tuition.
- The Committee may, from time to time, modify the amount awarded for scholarships provided such modification is consistent for all new scholarships awarded from such date forward.
Under no circumstance shall any scholarship award recipient be entitled to more than four thousand dollars in total from LIHBC
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