Roles

The following is a list of roles individuals and family members could hold in the scholarship process. One individual could hold multiple roles if desired.

Fundholder: The individual, corporation or organization that signed the fund agreement.

• Has exclusive rights to make edits or changes to a fund through the Foundation’s variance procedure per IRS regulations.
• Is the Fund Representative and identifies the successor Fund Representative.
• Is a Fund Advisor and can identify additional Fund Advisor(s).
• Can act as the Evaluator or identify the Evaluator, if applicable.
• Can act as the Award Presenter or identify the Award Presenter, if applicable.

Fund Advisor: This is an individual given access to My Foundation Portal.

• The Fundholder or Fund Representative identifies the Fund Advisor(s).
• Can view statements in the portal.
• Receives thank you letter from student and spendable letter annually.

Fund Representative: Primary contact for the fund.

• Fundholder is the first-generation Fund Representative and can designate a second-generation Fund Representative.
• Set up as Primary Fund Advisor.
• Main point of contact for questions/interactions about the fund.
• Can act as Evaluator or identify the Evaluator, if applicable.
• Can act as Award Presenter or identify Award Presenter, if applicable.

Evaluator: An individual representing the family, corporation or organization that is designated as an Evaluator on the scholarship, if outlined in the operating procedures. The Fundholder or Fund Representative recommends this individual.

Award Presenter: If the operating procedures outline it, one individual can be designated to represent the family, corporation or organization and present the scholarship award. If no family representative is noted, a Foundation representative will present the award.

Donor: Any individual, corporation or organization that donates any amount to a fund at the Foundation.