Scholarship Policy
 adopted January 2006

Purpose: this policy will provide for consistent practices in the awarding of scholarships, will ensure that the intentions of donors are honored and will help secure the future value of the Frank P. Young Scholarship fund.

Policy

1. Background: Frank P. Young (1879-1969) was an educator who served on the Appleton Library Board of Trustees 1921-1938. His wife, Clara Stansbury Young, served on the Library Board 1957-1972. The Frank P. Young Scholarship Fund was established at the Appleton Public Library in 1969 to help students obtain a graduate degree in Library Science and to further library service in the Appleton community.
2. Endowment fund:
   1. All monies originally donated by the family of Frank P. Young and any additional monies donated to the scholarship fund will be permanently restricted as part of the endowment principal and will not be available for expenditure as scholarships.
   2. A maximum of 80% of the interest earned in any given year may be considered as available for scholarships. The balance will remain in the account for possible future award and will be considered temporarily restricted.
   3. In any year when no award is given, the entire amount of available interest will be added to the temporarily restricted fund and will remain in the account for possible future award.
   4. The Library Board may allocate temporarily restricted funds to scholarships with a vote of three-quarters of those members present at a meeting of the Library Board.
   5. The fund will be invested by the City of Appleton Finance Department.
3. Process:
   1. September: Library Business Manager, working with Finance Dept. determines total amount of award available for the year, based on endowment fund interest.
   2. October: Library Secretary sends information and application forms to the Milwaukee and Madison Library and Information Studies Schools, to Lawrence University, to the Outagamie Waupaca Library System, and to Fox Cities public and academic libraries.
   3. November 30: Deadline for receipt of applications.
   4. December: Scholarship Committee meets prior to Library Board meeting to select number of recipients and amounts awarded; Library Board approves award of scholarships, and Library staff notifies recipients.
   5. January: Library sends letters of announcement to recipients' library schools, and mails scholarship checks to recipients.
4. Qualifications for recipients:
   1. The scholarship is awarded to students working toward an advanced degree in Library Science in a program accredited by the American Library Association at a university in Wisconsin or in one of the states contiguous to Wisconsin. Payment of awarded scholarship will be contingent upon receipt of evidence that the recipient is currently enrolled and participating in such a graduate program at the time of the award.
   2. In recognition of the long and close relationship of the Frank P. Young family with Appleton and Lawrence University, preference is given to residents of Appleton or the Fox Cities area or graduates of Lawrence University.
   3. Preference will be given to applicants intending to work in Appleton or the Fox Valley upon completion of their degree.
   4. As a secondary consideration, preference may be given to candidates intending to work in public libraries.
5. The scholarship is awarded on the basis of:
   1. a letter/resume outlining the applicant’s
      1. educational background
      2. work experience
      3. volunteer experience
      4. career objectives
   2. a completed application form
   3. an official transcript from the library school
   4. two letters of reference
   5. receipt of application materials by the deadline
      

- adopted by the Library Board of Trustees January 2006

Appleton Public Library / 225 N. Oneida St. / Appleton, Wisconsin 54911  (920) 832-6170
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 Latest revision 4/1/2000