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Administer Scholarships
The KEF does not solicit contributions for the purpose of granting scholarships to individual students for their post-secondary education. The main reasons for this policy are:
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We choose to concentrate our time and financial resources on delivering impact through our 4 focus areas.
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We believe that most students have adequate opportunities to compete for post-secondary scholarships through other organizations.
Historically, the KEF has administered certain scholarships funded by individuals or businesses in Kane County. In regard of these administrative services:
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The KEF has overseen the competitive process of determining the recipients of the scholarships.
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The KEF has provided certificates of charitable contributions to the funders of the scholarships for IRS purposes.
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The KEF has received and managed the scholarship funds in an agency capacity, paying out the scholarship amount after receiving supporting documentation from the recipient as to qualifying expenses incurred.
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The KEF expects to continue to administer these scholarships for the foreseeable future, as a service to the citizens of Kane County.