Koch Foundation - Scholarship

Two annual scholarships, the Mary L. Koch and Robert L. Koch Scholarship Awards, for children of employees of KOCH Enterprises, Inc. including KOCH subsidiaries have been established under grants from the KOCH Foundation, Inc.

Each Mary L. Koch and Robert L. Koch Scholarship Award will be for a total of $10,000 payable in four yearly installments annually, as stated below, to cover four years of attendance at an accredited college or university. Two years of such study, however, may be at an accredited junior college offering course credits transferable to four-year institutions.

The purpose of the Mary L. Koch and Robert L. Koch Scholarship Awards is to recognize and reward excellence in scholastic achievement by children of employees of KOCH Enterprises, Inc. and KOCH subsidiaries. The scholarships are intended to motivate the recipients to achieve maximum scholastic potentialities. Recipients of these scholarships must use the awards to defray their costs of attending a college or university.

Eligibility

 Except as otherwise indicated, children of full-time employees of KOCH Enterprises, Inc. and KOCH subsidiaries employed for three consecutive years prior to January 31 of the year in which the awards are to be made are eligible.  Children of Shareholders of KOCH Enterprises, Inc.; children of Presidents and brothers or sisters of Presidents of KOCH subsidiaries; and children of officers of KOCH Foundation, Inc. are not eligible for an award.  Also, children of the award selection committee are not eligible for an award.

In addition to natural children, stepchildren or legally adopted children for which the employee is responsible will be eligible.

Race, color or sex will not be factors in choosing the award winners.

The applicant must be a high school senior and in the upper one-third of his or her class as certified by the high school principal.

The applicant must demonstrate an intention to attend a four-year accredited college or university.  Attendance at a junior college will be permitted if the junior college offers course credits transferable     to accepted four-year institutions, and if the applicant states that he or she fully intends to complete a four-year course of study leading to a baccalaureate degree.

Selection of Scholarship Winners

The Scholarship Awards Selection Committee will choose two scholarship winners, if acceptable candidates apply.  Award winners will be selected on the basis of previously demonstrated attainment of the highest standard of scholarship and leadership.  The recipients shall be those who have demonstrated dedication to the pursuit of excellence and exceptional achievement.

The Scholarship Awards Selection Committee is currently composed of the President of the University  of Evansville, President of the University of Southern Indiana, Superintendent of the Evansville-Vanderburgh School Corporation, Bishop of the Catholic Diocese of Evansville, and Superintendent of the Henderson County Schools.  The committee will meet in March of the year in which the awards are to be made to review the applicants and make the awards.  No representative of KOCH Foundation, Inc., KOCH Enterprises, Inc., or KOCH subsidiaries shall participate in selecting the scholarship recipients.

Selection of the scholarship recipients will be based upon the student’s scholarship record, leadership ability, citizenship standards, and potential ability to benefit by higher education.  The committee will make its choice and the winners will be notified by letter before the end of April the same year in which the application was made.

Method of Payment

Scholarship payment will be made in eight semester installments.  Each amount increases as follows:

First Year:      
First Semester up to $1,100.00
Second Semester up to $1,100.00

*Second Year:
First Semester up to $1,200.00
Second Semester up to $1,200.00

*Third Year:
First Semester up to $1,300.00
Second Semester up to $1,300.00

*Fourth Year:
First Semester up to $1,400.00
Second Semester up to $1,400.00

Total Award:   $10,000.00

 *A cumulative Grade Point Average (GPA) of 2.0 is necessary to renew the scholarship for the sophomore year, a cumulative GPA of 2.25 for junior year, and a cumulative GPA of 2.50 for the senior year.  GPA will be based on a scale of 4.0 = A.

If recipient does not maintain above stated cumulative GPA at end of each specified year, the recipient’s next payment shall be forfeited.  If cumulative GPA returns to the standards set above after completion of specified year, payment will be issued for the upcoming year.  Installments forfeited will not be reissued.

Upon completion of the freshman year with the cumulative GPA meeting requirements, the recipient may co-op for one-semester periods during the term of the scholarship.  No payment will be made for these semesters.  Payment will resume in the next in-school semester upon submission of the required form obtained from KOCH Foundation, Inc.

Each recipient will provide to KOCH Foundation, Inc. a copy of an official transcript of his/her academic grades, following the completion of each semester.

Scholarships are contingent upon the student maintaining acceptable standards of citizenship and scholastic achievement, as well as maintaining full-time student status through successive academic years at one or more accredited institutions as outlined in this policy.

Failure to enroll on a full-time basis for a quarter or semester will automatically cancel the remainder of the scholarship, except if failure to enroll results from military service, extended illness, or other major occurrences over which the student has no control.  In which case, consideration may be given to holding the scholarship in abeyance, provided the student’s education is resumed at the first opportunity.  All decisions as to selection and continuance are to be determined by the selection committee.