Program
Activation Requirements
Annual Membership, Enrollment Fee and Initial Savings Contribution
Accredited Event
A recognized competition or tournament that uses The Scholarships 4 Us® Program and Platforms
Accredited Hosts
A recognized managing entity that has Exclusive Rights Of Use for The Scholarships 4 Us® Program and Platforms
Calendar Year
June 1st - May 31st
Cost of Attendance
Fees and/or dues required for travel or venue admittance to attend an Accredited Event in which Scholarships 4 Us® does NOT hold jurisdiction over
Cost of Entry
Savings Contribution, Expense and Lineage, and Prize Funds, that is required to participate in an Accredited Event in which Scholarships 4 Us® holds jurisdiction over
Disbursement
The one-time annual distribution, on August 1st, of a former Student-Participants' Earning and Savings Account
Donor
An individual or organization that provides tax-deductible funds to a charitable organization
Earnings
Accumulated prize funds based on finishing Top 5 in an Accredited Event
Eligibility
A student actively enrolled in a Charter, Home, Public or Private Educational Institution
Eligibility Time Period
Begins on a students 12th birthday and expires May 31st the year of high school graduation
ESA
Earning and Savings Account that consist of Savings Contributions and Prize Funds
ESPORTS
Electronic Sports
Event
A competition or tournament
Expense
The fee Scholarships 4 Us® charges per event
Expiration Of Eligibility
May 31st the year of high school graduation
Ineligibility Status
An Early Disbursement Request due to Incarceration, Program Withdrawal or Educational Institution Dropout
IRS
Internal Revenue Service
Legislative-Compliance
Lineage
The fee an Accredited Hosts charges per event
Managing Entity
A Youth Organization that must provide Articles of Organization/Corporation, General Liability Insurance and Sign the Terms and Conditions of Use in order to register as an Accredited Hosts
NACE®
National Association of Collegiate Esports
NAIA®
National Association of Intercollegiate Athletics
NCAA®
National Collegiate Athletic Association
NJCAA®
National Junior College Athletic Association
Measuring Instrument
A non-human tool that determines distance, height, speed, or score
Objective Event
A competition or tournament in which the result is determined by a measuring instrument
Postsecondary Educational Institution
A Degree or Certificate-Granting public or private College or University, Junior or Community College or any Accredited School in Accordance to (Title IV of The Higher Education Act of 1965)
Prize Funds
50% the Cost of Entry
Prize Money
Taxable income that is prohibited by the NCAA® to be accepted above actual and necessary expenses by potential collegiate student-athletes under the Rule of Amateurism. The NAIA® bylaws state that no potential collegiate student-athlete can accept Prize Money after July 31st, the 'last day of summer,' prior to enrolling into an NAIA® institution. The NJCAA® bylaws state that no potential student-athletes can accept Prize Money after their 19th birthday or once enrolled in an NJCAA® institution- whichever one comes first.
Purpose of Formation
To ensure all Student-Participants have the best opportunity for future success
Recognized
Approved by Scholarships 4 Us®
Remuneration
Money paid for work or a service or a material incentive of financial value
Savings Contribution
25% the Cost of Entry
Scholarships 4 Us®
The Legislative-Compliance Enterprise for Potential Collegiate Athletes and Students
Scholarship Award
The disbursement of scholarship funds in behalf of the Scholarship Recipient
Scholarship Funds
Non-Taxable income that must be used for its intended purpose according to IRS Topic No. 421
Scholarship Provider
A tax-exempt, IRS-Approved organization, that is required to administer scholarship funds on an objective and non-discriminatory basis with funds provided from donors or sponsors. The IRS must provide ‘Grant Approval for Grant-Making Procedures’ as a ‘Private Foundation’ to give the organization legal right to be recognized as a Scholarship Provider.
Scholarship Recipient
An enrolled student at an educational institution that has either been selected or earned scholarship funds and requested the disbursement of their funds
Scholarship Sponsor
An individual or organization that provides tax-deductible funds for a specific scholarship program through a scholarship provider
Sports
An event in which place finish is determined on an objective basis
Subjective Event
A competition or tournament in which the result is based on the discretion of a human person
The Arts
An event in which place finish is determined on a subjective basis
The Rule of Amateurism™
Academies, Camps, Clinics, Clubs, Event Managers, Programs, Schools, Tournament Directors or Venue Owners that specialize in The Arts, Esports or Sports
Youth Organizations