SANTA ANA 2000 - OC COMMUNITY FOUNDATION

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Agreement to Create A Designated Agency Fund in the Orange County Community Foundation This agreement, made this Seventeenth day of November,1993, between the Santa Ana ~~~ Execu- tive Committee thereinafter referred to as the "Donor"} and the grange County Community Founda- tion ~~CCF~, a California non-profit corporation thereinafter referred to as "the Community Founda- tion"}, is as follows: The Donor desires to create an Endowment Fund with the Property hereinafter specified for the public educational and charitable purposes hereinafter set forth: The goal of the Santa Ana ZoOO Scholarship Fund is to make higher education accessible to all Santa Ana graduates via Rancho Santiago College. Eligi~irity Criteria,~or Students • Must have attended high school within the City of Santa Ana's jurisdiction during junior and senior years, • Must have and maintain at least a 2.0 GPA grade paint average of "C"~, • Must enroll directly at Rancho Santiago College as a full time student ~ 12 ar mare units). • Must be a Santa Ana resident, and maintain residency within the City of Santa Ana while participating in the program. Benefits to Students • Up to $300 per year will be provided to offset student costs far tuition and books. • Funding will be provided for up to two years of continuous enrollment at RSC. • If the Fund grows to the point where all eligible Santa Ana students are served and additional revenue is available, it will be used to support a portion of the educational costs of pursuing a Baccalaureate Degree far Santa Ana students transferring from Rancho Santiago College to a four-year college or university. Each of the Donor members ~andJor their respective 501 ~c}3 Faundatians~ will solicit danat- ionsfrom their constituents through direct contributions and/or payroll deduction plans. Each institution will forward its contributions to the Endowment Fund at the Community Foundation an a quarterly basis. A committee consisting of representatives from the Santa Ana 2000 consortium will review the applications and make final determination on scholar- . s ~p recipients.