Past. Present. Future. - Scholarship America

SCHOLARSHIP AMERICA’S ® MISSION IS TO MOBILIZE AMERICA, 

THROUGH SCHOLARSHIPS AND EDUCATIONAL SUPPORT, TO MAKE 

POSTSECONDARY EDUCATION POSSIBLE FOR ALL STUDENTS.

SINCE 1958, SCHOLA 

HAS HELPED MORE T 

STUDENTS ACROSS T 

PAY FOR THEIR POST 

EDUCATION THROUG 

IN FACT, IN ITS FIRST YEAR, SCHOLARSHIP AMERICA PR 

TO 24 DESERVING STUDENTS IN FALL RIVER, MASS. IN 

$207 MILLION TO MORE THAN 114,000 STUDENTS ACR

RSHIP AMERICA ® 

HAN 1.5 MILLION 

HE COUNTRY 

SECONDARY 

H SCHOLARSHIPS. 

OVIDED FOUR-YEAR RENEWABLE SCHOLARSHIPS 

FISCAL YEAR 2007, WE DISTRIBUTED MORE THAN 

OSS THE COUNTRY.

CONTENTS 

WWW.SCHOLARSHIPAMERICA.ORG 

REIGNITING THE AMERICAN DREAM: 4 

THE BIRTH OF DOLLARS FOR SCHOLARS ® 

BY DR. IRVING FRADKIN 

CHAIRMAN’S MESSAGE 6 

PRESIDENT’S MESSAGE 7 

SCHOLARSHIP AMERICA ® PROGRAMS 

DOLLARS FOR SCHOLARS ® 8 

SCHOLARSHOP ® 10 

SCHOLARSHIP MANAGEMENT SERVICES ® 12 

SPECIAL INITIATIVES 

FAMILIES OF FREEDOM ® 14 

DISASTER RELIEF 15 

DREAMKEEPERS 16 

LEARNING COMMUNITIES COALITION 17 

BOARD OF TRUSTEES 18 

FINANCIALS 19 

DONORS 20 

LEADERSHIP TEAM 28 

CONTACT INFORMATION

REIGNITING THE AMERICAN DREAM: 

THE BIRTH OF DOLLARS FOR SCHOLARS ® 

BY DR. IRVING FRADKIN, FOUNDER 

I’d like to tell you the story of Scholarship America/Dollars for Scholars. It’s not a scholarship program as I see it, but a program 

to reignite the American Dream. 

I was a practicing optometrist, 38 years old with a family practice, and I loved my patients. When my patients came in, 

I liked to know something about them; especially the young people. I would ask them, “What are your dreams?” My city, Fall 

River, Mass., had a per capita income of just $3,000 a year at that time. This meant money was scarce. When these young 

people would come into my office and share their dreams, almost invariably they would 

tell me that they were hoping to graduate from high school. Not many felt that a college 

education was within reach – they were “average” kids from families with little extra 

money. Tuition at a state school at that time was just $200 a year, but that was more than 

they could afford. 

4 

PAST. PRESENT. FUTURE. 

SCHOLARSHIP AMERICA 

2007 ANNUAL REPORT 

DR. IRVING FRADKIN AT A RECENT VISIT WITH 

STUDENTS IN FALL RIVER, MASS. 

I thought this was a waste of the best assets in the community: its young people. I wanted 

to help these young people stay in school and make a better Fall River. If you make a 

better Fall River, you make a better Massachusetts, and you make a better America. 

So I ran for the school board. I had a number of planks for my platform, and one of these 

was “Dollars for Scholars.” There were 30,000 homes in Fall River. I felt that if each 

family gave $1, Fall River could send a lot of students to college and industry would look 

at the city in a different way. 

To make a long story short, I lost the election. Shortly thereafter, my receptionist’s son 

said to me, “Too bad you lost the election, because people like me just lost the 

opportunity for an education.” 

That’s when I decided to keep working on Dollars for Scholars. It doesn’t matter if you 

win or lose. If you believe in something, you should follow it. I went to our school 

superintendent, our newspaper publisher, and my rabbi, and everyone said the same 

thing: “How can you raise $1,000 in Fall River? It’s never been done. I don’t believe you

can do it. Only people who have money give scholarships. 

This would be the first time anybody went to ordinary citizens, 

asking for small donations from many.” “Well,” I said, “it doesn’t 

make any difference what people think; let’s see what happens!” 

I printed cards and asked people for $1 donations to become 

“members.” I organized a committee, and the local bank allowed 

us to set up tables in the back to solicit its members. When 

people came in to make a deposit, we would ask them if they 

would like to donate $1. And they did. 

One day, a truck driver stopped me on the side of the street to 

give me a couple of dollars because he wanted to help young 

people achieve more than he had. Soon after that, a man walked 

into my office. “I work in a mill; it’s a terrible job, a tough job. I 

only have fifty cents, but when I get another fifty cents I will 

bring it to you. I want people to get an education and not be 

stuck in a job like mine.” It was a story I heard over and over. 

The biggest early donation came from a patient of mine, the owner of a company. He said, “Irv, I can’t hire people from Fall 

River; they don’t have the education. This would give me the opportunity to hire people right here who are qualified to work 

for my organization. Here’s $300. If you want to come to our place of business, you can ask my employees to also donate.” And 

you know what? Every single person working for that company donated, and that was another $300 for Dollars for Scholars. 

By the time a couple of months went by, we had raised $4,500. Our committee got together and wrote letters to people of 

influence and in government, including President Eisenhower and Eleanor Roosevelt. Shortly after that, a letter came to us 

from Mrs. Roosevelt, with $1 and a request to become a member. 

In our first year, even after everyone told us it was 

impossible, we gave out 24 scholarships, each renewable 

for four years. Those 24 scholarships were the first of the 

well over 1.5 million scholarships that Scholarship 

America has given out since 1958, nearly $2 billion in 

scholarships helping to reignite the American Dream. 

DR. IRVING FRADKIN 

FOUNDER, SCHOLARSHIP AMERICA 

IT DOESN’T MATTER IF YOU WIN OR 

LOSE. IF YOU BELIEVE IN SOMETHING, 

YOU SHOULD FOLLOW IT. 

5 



2007 ANNUAL REPORT

JAMIE P. MERISOTIS 

CHAIR, SCHOLARSHIP AMERICA 

PRESIDENT, THE INSTITUTE FOR 

HIGHER EDUCATION POLICY 

6 




A COLLEGE 

EDUCATION IS ONE 

OF THE ESSENTIAL 

ELEMENTS OF LIFE 

IN THE MODERN 

WORLD. 

CHAIRMAN’S MESSAGE 

JAMIE P. MERISOTIS 

Dear Friends, 

A college education is one of the essential elements of life in the modern world. It is, 

as Scholarship America’s founder Irving Fradkin notes, a key dimension of the 

American Dream. In today’s increasingly competitive, global economy, college is no 

longer just nice, it’s necessary. 

I know from personal experience why college matters. Growing up in a family of 

limited financial means, and the first generation in my family to attend college, I knew 

that I would need all the financial help I could get for my education. When I was ready 

to apply for college, I applied for every kind of financial assistance available: Pell 

Grants, grants from the college, student loans, and scholarships from the state, my 

church, and my local community Dollars for Scholars chapter. I was fortunate to 

receive assistance from each of these sources, and I am still grateful today for the 

broad support I received to reach my dream of a college education. Every dollar I 

received was important, but it was the scholarships from my community that were the 

most meaningful. 

These private scholarships helped make up the difference between my financial aid 

award (grants and loans) and what I actually needed to pay for college. And since they 

came from people in my community, they had added value. There were real people 

behind these scholarship awards, people who were investing in me, who supported my 

willingness and desire to improve myself. 

Because of this support from the community, I felt a tremendous sense of 

responsibility to do well in college; their investment in my scholarship was not just for 

me, but an investment in my family and the entire community. College has an 

enormous financial impact on students and their families, and thereby on us as a 

society. The proportion of people with a college education who live below the poverty 

line is infinitesimal; the mere act of attending and completing college essentially 

eradicates poverty in most families forever. 

Over time, I’ve realized just how pivotal this sense of responsibility to community has 

been in my life. I ultimately went on to make higher education my career, focusing on 

access and success for students, and understanding how private scholarships can 

make a difference. Now, as chair of the nation’s premier scholarship and educational 

access organization, I have a responsibility to all of the communities in America. 

Scholarship America has already assisted nearly two billion students in its first 

50 years through its grassroots and corporate sponsored programs. In the next 50, we 

are dedicated to developing new programs that address specific needs in both urban 

and rural areas; continuing to assist students whose families have been devastated by 

disaster and catastrophe; and, above all, helping students achieve their dreams. 

Warm regards, 

Jamie P. Merisotis 

Chair, Scholarship America 

President, The Institute for Higher Education Policy

PRESIDENT’S MESSAGE 

CLIFFORD L. STANLEY 

Dear Friends, 

The first year that national tuition data was collected – 1964-65 – was the year before 

I started college. The cost of tuition, fees, room and board at public colleges averaged 

$1,051. Even as a first-generation college student, I never considered scholarships or 

sources of financial aid outside of student loans, and managed quite easily to pay off 

the $28 monthly bill early. 

The majority of today’s students would not be able to tell a similar story. 

According to College Board, the average cost of in-state tuition, fees, room and board 

at public colleges is now $12,796 – which, shockingly, has increased 35 percent in just 

the past five years, after adjusting for inflation. More than two-thirds of all students 

leave college with debt from student loans. And the average accumulated student loan 

debt is $19,200. 

Since 1958, Scholarship America ® has helped students pay for their postsecondary 

education through scholarships. In fact, in its first year, Scholarship America provided 

four-year renewable scholarships to 24 deserving students in Fall River, Mass. 

In Fiscal Year 2007, we distributed more than $207 million to more than 114,000 

students across the country. To date, distributions total nearly $2 billion to more than 

1.5 million students. 

Over the past several years, we have developed new types of scholarship funds to help 

more students, including the Families of Freedom Scholarship Fund ® established in 

2001 with support from Lumina Foundation for Education and more than 20,000 

other corporations and individuals in the wake of 9/11; the Disaster Relief Fund for 

Postsecondary Education Students established in 2005 with support from USA Funds 

and Lumina Foundation for Education after Hurricane Katrina; and the 

Dreamkeepers Emergency Financial Aid program established by Lumina Foundation 

for Education in 2005 to reduce the number of community college drop outs due to 

financial emergency situations. 

These programs have helped a significant number of students achieve their 

educational dreams. Unfortunately, the cost of postsecondary education is rapidly 

outpacing the increase in average family income – which means that more students 

than ever will likely choose not to attend college or trade schools. Scholarship America 

is committed to developing more relevant, meaningful scholarship and educational 

access opportunities to more communities across the country. Our mission to make 

postsecondary education possible for all students is critical to the strength of our 

nation’s democracy and economy, and we thank you for your continued support. 

Warm regards, 

Dr. Clifford L. Stanley 

Major General, USMC (Retired) 

President & CEO, Scholarship America 

DR. CLIFFORD L. STANLEY 

PRESIDENT, SCHOLARSHIP AMERICA 

MAJOR GENERAL, 

USMC (RETIRED), ED.D. 

SINCE 1958, 

SCHOLARSHIP 

AMERICA HAS 

HELPED STUDENTS 

PAY FOR THEIR 

POSTSECONDARY 

EDUCATION 

THROUGH 

SCHOLARSHIPS. 

7 



2007 ANNUAL REPORT

SCHOLARSHIP AMERICA PROGRAMS 

SCHOLARSHIP AMERICA’S LONGEST-STANDING, 

FLAGSHIP PROGRAM IS DOLLARS FOR SCHOLARS. ® 

Dollars for Scholars is a volunteer-driven 

national network of more than 1,260 

community-based scholarship foundations 

serving nearly 4,000 communities across the 

United States in support of local students. 

Many Dollars for Scholars chapters connect 

students and parents with other community 

resources, from mentoring and tutoring 

programs to finding financial aid. 

8 



2007 ANNUAL REPORTT 

COLLEGIATE PARTNERS ® 

More than 500 postsecondary institutions have 

partnered with Scholarship America as Collegiate 

Partners, and have pledged to give favorable 

treatment to scholarships managed by 

Scholarship America through Dollars for Scholars 

and Scholarship Management Services ® . Many 

Collegiate Partners are also Matching Partners; 

those postsecondary institutions match 

Scholarship America-awarded scholarships for 

students attending their schools. 

SINCE 1958, 

DOLLARS FOR 

SCHOLARS HAS 

AWARDED 

SCHOLARSHIPS 

TO 472,287 

STUDENTS 

Community support is vital to aspiring students. 

Dollars for Scholars, with support from the 

national office and seven regional offices, works 

on the grassroots level to assist local volunteers 

empower local students. 

The AXA Foundation, the philanthropic arm of 

AXA Equitable, is the Contributing Sponsor for 

Dollars for Scholars. 

2006:2007 STATS 

NEW DOLLARS FOR SCHOLARS 

CHAPTERS: 66 

TOTAL DOLLARS FOR SCHOLARS 

CHAPTERS: 1,267 

NUMBER OF STATES SERVED: 

42, PLUS THE DISTRICT OF COLUMBIA 

NUMBER OF COMMUNITIES SERVED: 

MORE THAN 3,800 

NUMBER OF VOLUNTEERS: 

MORE THAN 45,000 

NEW COLLEGIATE PARTNERS: 15 

TOTAL COLLEGIATE PARTNERS: 514 

DOLLARS FOR SCHOLARS CHAPTERS: 

RAISED: $67,829,388 

DISTRIBUTED: $35,736,899 

STUDENTS: 38,015 

THERE ARE CURRENTLY 117,583 

STUDENTS RECEIVING ACADEMIC 

SUPPORT OF SOME KIND THROUGH 

A CHAPTER 

NATIONAL HONOR ROLL 

RECIPIENTS 

FISCAL YEAR 2007 

Noel E. Bailey, CSF of Wakefield, 

Massachusetts 

William E. Chetwynd, CSF of 

Wakefield, Massachusetts 

James Woods Adams, Lincoln 

County Educational Fund, Kentucky 

Judith Lueder, Hanover 

Dollars for Scholars, Indiana 

NEW CHAPTERS 


ALABAMA 

Selma-Dallas Dollars for Scholars 

ARIZONA 

Circle of Neighbors Dollars for 

Scholars (Tucson) 

CALIFORNIA 

Downtown Magnets High School 

Dollars for Scholars (Los Angeles) 

HOPE Worldwide Los Angeles 

Dollars for Scholars 

Harbor Prep Dollars for 

Scholars (Wilmington) 

L.A. Wilson Dollars for Scholars 

Alumni Scholarship 

Foundation (Los Angeles) 

Madison High School 

Dollars for Scholars (San Diego) 

Dollars for Scholars Magic 

Carpet Scholarships (Indio) 

Mark Twain High School 

Dollars for Scholars (San Diego) 

National Naval Officers 

Association, San Diego Chapter 

Norco Valley Fair Jr Livestock 

Auction Dollars for Scholars 

St. Norbert Guadalupana 

Scholarship, a Dollars for 

Scholars Affiliate (Orange) 

CONNECTICUT 

Community Foundation 

of Greater New Britain 

FLORIDA 

The Villages Dollars for Scholars 

IOWA 

Valley Community 

Dollars for Scholars (Elgin) 

ILLINOIS 

Antioch Sequoits Dollars for Scholars 

Belleville West High School 


Belvidere Lions Club/First Branch 


Benton Lions Club 


Chester Lions Club 


Clinton Education Association 


Delavan Dollars for Scholars 

Dupo CUSD #196 


Du Quoin C.U.S.D. #300 Education 

Foundation Dollars for Scholars 

Eldorado Community Unit #4 


Genoa Lions Dollars for Scholars 

Homewood-Flossmoor 

Parent Volunteer Committee 


Hutsonville High School 

Alumni Association Inc. 

Kankakee County Farm 

Bureau Foundation 

Lakes High School 

Dollars for Scholars (Lake Villa) 

Mid-Illinois Dollars for Scholars 

Foundation (Bloomington) 

National Hook-Up of Black Women, 

Inc. Dollars for Scholars (Joliet) 

Norridge Cares 

Pinckneyville High School 


Salem Community High School 

Academic Foundation 

TRICO High School Dollars for 

Scholars (Campbell Hill) 

West Englewood United Organization 

Dollars for Scholars (Chicago) 

Wilmington Lions Club 


Woodruff Community Scholarship 

Fund Dollars for Scholars (Chicago)

INDIANA 

IUPUI College Readiness Initiatives 

Dollars for Scholars (Indianapolis) 

North Putnam 

Dollars for Scholars (Roachdale) 

OJ Reeves Dollars for Scholars 

Foundation (Indianapolis) 

MASSACHUSETTS 

Northeast Metro Voc 

Dollars for Scholars (Wakefield) 

The Stephen C Romasco 

Dollars for Scholars Fund (Sutton) 

MAINE 

Eastport Health Care Scholarship 

Fund Dollars for Scholars 

Scarborough Community Scholarship 


MINNESOTA 

Saint Paul Area Chamber of 

Commerce Career Investment 

NEW HAMPSHIRE 

Con Val Community Scholarship 


(Peterborough) 

Waumbek Dollars for Scholars 

(Jefferson) 

NEW YORK 

CUCS George Brager Memorial 

Scholarship Program – a Dollars for 

Scholars Chapter (New York) 

Clarence Dollars for Scholars 

Livonia Dollars for Scholars 

OREGON 

Education Together Foundation 

(Junction City) 

Marathon Education Partners 

(Portland) 

Parkrose Business Foundation 

(Portland) 

SOUTH DAKOTA 

Garretson Dollars for Scholars 

Foundation 

TEXAS 

AAHN Dollars for Scholars (Austin) 

Dallas West Community 


VIRGINIA 

NNOA-Quantico Chapter 

Scholarship Committee 

WASHINGTON 

Foundation of Davenport Schools 

Gary Brown Scholarship Fund 

(Olympia) 

Graham-Kapowsin Dollars for 

Scholars Community Foundation 

LSEF/SA Dollars for Scholars 

(Lake Stevens) 

Monroe Public Schools Foundation 

Orcas Island Education Foundation 

(Eastsound) 

Tekoa Dollars for Scholars 

Foundation 

UW Delta Chi Dollars for Scholars 

(Seattle) 

NEW COLLEGIATE PARTNERS 


CALIFORNIA 

National University (LaJolla) 

San Francisco State University 

ILLINOIS 

Rasmussen College – Rockford 

Rend Lake College (Ina) 

Southeastern Illinois College 

(Harrisburg) 

INDIANA 

DePauw University (Greencastle) 

Lincoln College of Technology 

(Indianapolis) 

IOWA 

Scott Community College 

(Bettendorf) 

MASSACHUSETTS 

The New England Institute of Art 

(Brookline) 

MICHIGAN 

Michigan State University 

(East Lansing) 

NEW YORK 

Cornell University (Ithaca) 

PENNSYLVANIA 

University of Pennsylvania 

(Philadelphia) 

TEXAS 

Texas A&M University 

(College Station) 

Texas University (San Antonio) 

SCHOLAR STORY 

JASON SCHIESSER 

Jason Schiesser is an in-house corporate attorney with Simon 

Property Group, where he handles litigation, general commercial, 

employment and real estate matters for over 300 shopping malls 

across the country. But it wasn’t long ago that Jason was growing up 

in a tough neighborhood on the outskirts of Valparaiso, Indiana, with 

little money and enduring the stigma associated with the medical 

problems he suffered. In the middle of a busy day at the office, Jason 

often stops and wonders, “How did I possibly get here?” But he 

knows that he owes all his success to a college education. 

For Jason, the dream of going to college started in elementary school, 

while following Indiana University basketball with his dad. 

“I was curious about what Indiana University was,” Jason said. “I told 

my parents that I wanted to go to college, too.” 

Though neither of Jason’s parents graduated from college, they didn’t 

fail to recognize the importance of a college education. Widely known 

as an affluent city, Jason’s parents started their family in one of the 

few neighborhoods in Valparaiso that they could afford, just so their 

children would have access to the best possible schools and 

educational opportunities available. 

As a child, Jason was witness to the pitfalls of the neighborhood. 

Theft, violence, drugs, arson, and property damage were 

commonplace. At school, Jason often felt embarrassed for living on 

what some considered “the wrong side of the tracks.” When he was 

nine years old, he was hospitalized for a massive kidney infection. 

Miraculously, after two and a half weeks his condition improved. 

Then, at age fifteen, Jason suffered from a grand mal seizure and was 

put on medicine that totally impeded his ability to play sports at a 

competitive level, forcing him to forgo his position on the varsity 

team. State law did not allow Jason to get his drivers license, making 

him feel even more like an outsider. 

Jason knew his only chance of a fresh start was through a college 

education. But even after saving for years and working several afterschool 

jobs, Jason did not know if he would be able to afford to go. 

Earning a scholarship turned out to be critical. 

Due to a combination of persistence and academic success, Jason 

won the Valparaiso Dollars for Scholars renewable $500 scholarship, 

which was matched by Indiana University, the college that Jason 

always hoped to attend. Every year, he was able to reapply for the 

Dollars for Scholars scholarship, and every year he earned it. The net 

impact of a $500 scholarship resulted in $4,000 towards his college 

education. 

“Not only was I able to achieve my goal of attending IU, but going to 

college gave me the opportunity to have a clean slate because people 

didn’t know the neighborhood I was from or what kind of medical 

problems I had,” Jason said. “It was accomplishing not only the dream 

of getting a college degree but a dream of a new beginning. I was 

given the opportunity to shape my future instead of allowing my 

circumstances to shape me.” 

Jason believes that had he not attended college, he would likely be 

living in the same neighborhood and would not have been able to 

achieve financial or career success. 

His success is owed partly to his parents, partly to Indiana University 

basketball, and partly to Dollars for Scholars. But mostly, Jason is 

where he is today because he had a dream and refused to let go of it. 


JASON SCHIESSER 

DOLLARS FOR SCHOLARS ® RECIPIENT 

- INDIANA UNIVERSITY GRADUATE 

- CORPORATE ATTORNEY 

- HUSBAND 

- FATHER OF TWO 

- AVID GOLFER 

- CHURCH LEADER 

- VOLUNTEER FOR BIG 

BROTHERS BIG SISTERS 

- MENTOR AT LOCAL 

HIGH SCHOOL 

FOR JASON, THE 

DREAM OF GOING TO 

COLLEGE STARTED 

IN ELEMENTARY 

SCHOOL, WHILE 

FOLLOWING INDIANA 

UNIVERSITY 

BASKETBALL WITH 

HIS DAD. 

9 



2007 ANNUAL REPORT


SCHOLARSHIP AMERICA’S SCHOLARSHOP ® PROGRAM IS AN 

ACTIVITY-BASED CURRICULUM THAT HELPS MOTIVATE AND 

PREPARE STUDENTS FOR POSTSECONDARY EDUCATION. 

The curriculum promotes positive youth 

development for students in middle school and 

high school (4th through 12th grades) through 

content that progresses in complexity as the 

students progress through school. Information 

for middle-school students is available in both 

print/traditional curriculum formats and online 

at www.scholarshopkids.org. 

10 




IN 2007, 

SCHOLARSHOP 

SERVED MORE 

THAN 148,000 

PARENTS AND 

STUDENTS 

An important component to this program for 

students is a complementary program for 

parents: ParentShop ® . Available in both English 

and Spanish, this program is designed to teach 

parents how to help the students in their lives 

prepare for postsecondary education. 

2006:2007 STATS 

NEW SCHOLARSHOP SITES: 14 

REACTIVATED SCHOLARSHOP SITES: 1 

TOTAL SCHOLARSHOP SITES: 157 

(76 MAIN, 81 BRANCHES) 

NUMBER OF STATES SERVED: 23 

AVERAGE MONTHLY VISITS TO 

SCHOLARSHOP’S OPTIONS FOR KIDS 

WEB SITE: 9,800 

NUMBER OF INDIVIDUALS 

TRAINED TO FACILITATE SCHOLARSHOP 

CURRICULA: 89 

NUMBER OF STUDENTS AND PARENTS 

SERVED IN FISCAL YEAR 2007: 148,000

SCHOLAR STORY 

LORI JOHNER 

Most junior high kids spend their days worrying about clothes, 

music, and homework; few think about the next school year, let 

alone what will happen when they graduate from high school. 

Lori Johner was just like the rest of her fellow junior high 

friends until a school guidance counselor approached her about 

a program called ScholarShop ® , telling Lori that it was always 

good to start thinking about college early. She encouraged Lori 

to fill out an application for a ScholarShop scholarship. A few 

weeks later, Lori was given the news that she was the winner of 

$500, which was to be applied towards any college of her 

choice as soon as she graduated from high school. 

Now, almost five years later, Lori is happy she listened to the 

advice of her guidance counselor, and happy that she got 

involved in ScholarShop. 

“I would definitely recommend participating in ScholarShop,” 

said Lori. 

Realizing the importance of scholarships, Lori began applying 

for as many as she could as early as possible. This fall, she’ll be 

entering her first year at the University of North Dakota, 

where she won’t have to struggle as much with paying tuition. 

Lori was awarded two scholarships from the University of 

North Dakota and a scholarship from Lakota Dollars for 

Scholars, in addition to her $500 scholarship from 

ScholarShop. 

“ScholarShop inspired me to become more involved in 

academics and extra-curricular activities in order to achieve 

the financial assistance that I would need to further my 

education,” she said. 


LORI JOHNER 

SCHOLARSHOP ® PARTICIPANT 

- FRESHMAN AT THE UNIVERSITY 

OF NORTH DAKOTA 

- SISTER 

- PIANIST 

- ARTIST 

SCHOLARSHOP 

INSPIRED LORI 

TO BECOME MORE 

INVOLVED IN 

ACADEMICS AND 

EXTRA-CURRICULAR 

ACTIVITIES TO 

ACHIEVE FINANCIAL 

ASSISTANCE TO 

FURTHER HER 

EDUCATION. 

11 



2007 ANNUAL REPORT


SCHOLARSHIP MANAGEMENT SERVICES ® (SMS) IS 

THE NATION’S LARGEST ADMINISTRATOR OF EDUCATION 

ASSISTANCE PROGRAMS. 

Scholarship Management Services (SMS) began 

operations in 1976 to further Scholarship 

America’s mission to make postsecondary 

education possible for all students. SMS is now 

the nation’s largest administrator of education 

INVESTING IN UPGRADED 

TECHNOLOGY TO ENHANCE 

SERVICE DELIVERY. 

Just about everything can be improved with the 

right technology, and scholarship program 

management is no exception. That is why 

Scholarship Management Services sought – and 

received – a grant from USA Funds ® in early 

2007. The $1.8 million grant is being invested in 

information technology that will permit 

Scholarship Management Services to expand 

and enhance its services to current and new 

clients. The project includes the development of 

new scholarship management software and 

enhanced online services. The initiative will 

permit Scholarship Management Services to 

better serve existing program sponsors with 

enhanced self-service features, on-demand data 

analysis and reporting, and automated 

processing. The project also will position 

Scholarship Management Services to expand its 

programs to serve new clients. The project is 

expected to be ready for pilot testing in early 

2008, with full implementation scheduled by 

late fall 2008. 

USA Funds is an Indianapolis-based nonprofit 

that serves as the nation’s leading guarantor of 

federal student loans. Scholarship Management 

Services administers USA Funds Access to 

Education Scholarships ® , which provided more 

than $8.3 million to more than 5,600 students 

for the current academic year. 

12 




assistance programs, including scholarship and 

tuition reimbursement programs, for nearly 

1,200 organizations of all sizes – including more 

than 100 programs for Fortune 500 corporations. 

www.scholarshipmanagement.org 

2006:2007 STATS 

TOTAL NUMBER OF PROGRAMS: 1,154 

NUMBER OF NEW PROGRAMS IN FISCAL 

YEAR 2007: 103 

NUMBER OF APPLICATIONS PROCESSED: 

318,956 

NUMBER OF AWARDS GRANTED: 76,196 

TOTAL AWARD DISTRIBUTION: $171,377,193 

TOTAL SMS AWARD DISTRIBUTION FROM 

1976-2007: $1,469,357,314 

SINCE 1976, 

SCHOLARSHIP 

MANAGEMENT 

SERVICES HAS 

ASSISTED 

910,436 

STUDENTS

SCHOLAR STORY 

LYNN GROCHOWSKI 

Everything starts with a dream. For Lynn Grochowski, it was 

the dream of attending college. From a young age, Lynn’s 

parents encouraged her to study hard and earn good grades in 

order to be accepted into a university. But for Lynn, getting to 

college wasn’t the problem – it was finding a way to pay for it 

that was difficult; the best way Lynn could think of was by 

earning scholarships. Ultimately Lynn knew that she must set 

herself apart from her classmates – not only with good grades, 

but also by participating in unique activities; so when Lynn got 

the opportunity to audition for Strive Media Institute’s 

GUMBO TV, the only news show made by teens for teens, she 

jumped on it. 

Like most kids from Franklin, Wis., Lynn had no television 

experience going into the audition, but the judges recognized 

her ability to handle herself on camera, and a few weeks later 

she found herself one of only six kids participating in the first 

season of GUMBO TV. 

A program created by Strive Media Institute, GUMBO TV gives 

teens of all cultures and backgrounds media skills and tools for 

future careers in television, radio and production. GUMBO TV 

allows teens to write, shoot and edit stories that matter to today’s 

teens – everything from break-dancing to teen pregnancy to 

homelessness. For three years, Lynn enjoyed making new 

friends, traveling as far as Italy, meeting celebrities, and 

appearing both in front of and behind the camera. By 

participating in GUMBO TV, Lynn gained independence and 

experience in an area she hadn’t thought of pursuing. 

Along with top-notch academic credentials, GUMBO TV 

helped Lynn stand out from other kids when applying for 

college scholarships. Not only did Lynn receive a full four-year 

scholarship to Drake University, but she also received a 

renewable $3,000 scholarship from Northwestern Mutual, a 

scholarship program run by Scholarship America’s Scholarship 

Management Services (SMS). The Northwestern Mutual 

scholarship, given to two students annually in the Franklin, 

Wis. area, helped Lynn cover the cost of books, a computer, 

and any extra expenses that her scholarship from Drake did 

not cover. Now in her senior year, the Northwestern Mutual 

scholarship has made it possible for Lynn to focus strictly on 

her studies since she wasn’t forced to work while going to 

school; having summers free of work responsibilities has 

allowed her to participate in internships; and perhaps most 

importantly, the scholarship helped fund the semester Lynn 

spent studying abroad in Australia. 

This past summer, Lynn enjoyed interning at a radio station in 

Milwaukee, where she helped out with public affairs and the 

morning show. Just like her experience with GUMBO TV, 

interning at the radio station opened new doors for Lynn, 

giving her a glimpse into something she hadn’t thought of 

following until now. The experiences that her scholarships 

have allowed her to pursue have exposed her to careers she 

never knew existed and have pushed her one step closer to her 

new dream – a career in media. 


LYNN GROCHOWSKI 

SCHOLARSHIP RECIPIENT 

- DRAKE UNIVERSITY STUDENT 

- JOURNALIST 

- CAMERA TECH 

- INTERNATIONAL EXCHANGE 

STUDENT 

THE NORTHWESTERN 

MUTUAL SCHOLAR- 

SHIP MADE IT 

POSSIBLE FOR LYNN 

TO FOCUS STRICTLY 

ON HER STUDIES 

SINCE SHE 

WASN’T FORCED TO 

WORK WHILE GOING 

TO SCHOOL. 

13 



2007 ANNUAL REPORT

14 





THE FAMILIES OF FREEDOM SCHOLARSHIP FUND ® 

SECURING HOPE FOR THE FUTURE 

The events that unfolded on Sept. 11, 2001 

forever changed the lives of millions across the 

globe, but none so much as the dependents – 

children, spouses and domestic partners – of 

those who were killed or permanently disabled 

as a result of the terrorist attacks in New York, 

Washington, D.C. and Pennsylvania. 

Lumina Foundation for Education and 

Scholarship America joined efforts within a 

week of the tragedy to establish the Families of 

Freedom Scholarship Fund ® , a need-based 

scholarship fund, to ensure that a college 

education remains within reach for those 

individuals. The first of these scholarships were 

awarded in January, 2002, just four months 

after 9/11. 

Donor response to the Fund was overwhelming. 

Within a year, the fundraising efforts reached 

the $100 million goal, intended to cover about 

65% of the financial need for all eligible 

students – thanks to contributions from 

more than 20,000 corporations, foundations, 

educational institutions, grassroots organizations 

and individuals, including the DaimlerChrysler 

Corporation Fund, which made its largest 

philanthropic gift in its history. 

“In the aftermath of 9/11, the formation of 

The Families of Freedom Fund by Scholarship 

America was a decisive response to show 

America’s deep appreciation for those who paid 

the ultimate price for freedom. Access to higher 

education will be an essential part of the 

rebuilding process for families affected by this 

tragedy,” said Brian Glowiak, Vice President of 

The Chrysler Foundation. “Through our 

$10.4 million contribution, we proudly 

established the Chrysler Help the Children Fund 

to help students realize their full potential and by 

doing so improve their lives and the quality of life 

for others in the community.” 

Another one of the largest donors to the fund 

was Major League Baseball and the Major 

League Baseball Players Association. 

“Major League Baseball and the Major League 

Baseball Players Association were honored to 

contribute in our small way to the healing 

process after such an unimaginable disaster,” 

said Cathy Bradley, Executive Director, Baseball 

Tomorrow Fund, on behalf of the MLB-MLBPA 

Disaster Relief Fund. “The game is a social 

institution with social responsibilities, and 

through the Families of Freedom Scholarship 

Fund we were able to help respond to people 

during a time of great need and assure security 

for their future.” 

Generous contributions continued even after 

the initial goal was reached. More than $108 

million has been donated to the fund to date, 

with an additional approximately $20 million 

committed to the fund through corporate 

pledges. This assures that Scholarship America 

will be able to administer the Fund to eligible 

families through the year 2030, the year in 

which the youngest of the infants born in the 

months following 9/11 will turn 24. 

Scholarship America reviews the amount in the 

Fund annually and adjusts accordingly to ensure 

that the entire amount will be awarded to 

victims’ families by December 31, 2030. 

Currently, 95% of financial need is now being 

funded to eligible students through the Fund. 

To date, Scholarship America has awarded more 

than $22 million to 872 students through the 

Families of Freedom Scholarship Fund, with an 

average award of more than $17,000. 

TO DATE, MORE THAN $22 MILLION 

AWARDED TO 872 STUDENTS 

THROUGH FAMILIES OF FREEDOM 

SCHOLARSHIP FUND 

SPECIAL INITIATIVES


The night before Hurricane Katrina surged through the Gulf 

Coast, Marie Scantlebury found herself holed up in a hotel 

room in Jackson, Miss., 200 miles away from New Orleans, 

La., where she was in the process of completing a Masters of 

Business Administration at Tulane University. She had left her 

small apartment in a frenzy, annoyed at the inconvenience, 

waiting until the last minute to escape the storm that was 

coming. Marie had taken with her hardly any possessions – a 

laptop computer, homework, and some dirty laundry – 

expecting to return to campus the next day. She never 

imagined the devastation that the hurricane would cause. 

Like the rest of the city, Tulane was completely shut down 

after the hurricane. Flooding, fallen trees, and wind damaged 

eighty-seven university buildings, causing the displacement of 

nearly 100,000 students. There was no way Marie could go 

back to Tulane to collect her possessions. Instead, she headed 

to her mother’s in Champaign, Ill., forced to leave everything 

behind. 

Students at Tulane were encouraged to continue their fall 

semester, so as not to delay their expected graduation date, 

either by taking online classes through Tulane, or by enrolling 

in another university. 

Thanks to Scholarship America’s Disaster Relief Fund for 

Postsecondary Education Students and other scholarships she 

received, Marie was able to continue classes and finish her 

MBA on time without extra debt. She applied to the 

University of Chicago, which had negotiated with Tulane to 

bridge moneys over until Tulane was up and running again. 

The University helped Marie find free housing, while 

professors donated flash drives, money for books, and 

transportation passes. The Disaster Relief scholarship Marie 

received allowed her to purchase clothing, food, and supplies, 

making life easier as she continued classes in Chicago. She 

returned to Tulane in Spring 2006, finishing her MBA without 

accruing extra debt. 

Today, Marie is the director of Community Impact with the 

United Way of St. Charles in Luling, La. Located only twenty 

miles outside of New Orleans, Marie is witnessing first-hand 

the extremely slow and painful recovery of the city. Although 

the people are slowly returning, Marie vows never to risk living 

in New Orleans again. 


DISASTER RELIEF FUND FOR POSTSECONDARY EDUCATION STUDENTS 

SCHOLAR STORY: MARIE SCANTLEBURY 

2005:2007 STATS 

FY2007: $250,000 DISTRIBUTED TO 452 STUDENTS 

FY2006: $3,755,565 DISTRIBUTED TO 5,487 STUDENTS 

FY2005: $498,110 DISTRIBUTED TO 888 STUDENTS 

MARIE SCANTLEBURY 

SCHOLARSHIP RECIPIENT OF 

SCHOLARSHIP AMERICA’S DISASTER 

RELIEF FUND FOR POSTSECONDARY 

EDUCATION STUDENTS 

SINCE 2005, 

DISASTER 

RELIEF FUND 

DISTRIBUTED 

$4,503,675 

TO 6,827 

STUDENTS 

15 



2007 ANNUAL REPORT

16 





DREAMKEEPERS EMERGENCY FINANCIAL AID 

NONTRADITIONAL FUNDING 

HELPS STUDENTS STAY IN SCHOOL 

Whether it’s tending to a health care bill or a 

sudden reduction in work hours, unexpected 

crises contribute to high rates of attrition among 

community college students. Thanks to the 

Dreamkeepers Emergency Scholarship Fund, 

developed and supported by Lumina Foundation 

for Education in collaboration with Scholarship 

America, these financial difficulties are no 

longer getting in the way of a student’s dream of 

completing a college education. 

By helping out with emergency funding, the 

Dreamkeepers Fund allows those students to 

overcome that challenge and keep looking 

ahead. In its first two years, Dreamkeepers has 

provided $595,393 in total assistance to 1,566 

students. It has helped ease student worries 

about housing, food and utilities; tuition and 

books; transportation; and child care and 

medical needs, allowing students a chance to 

focus their energy on their education instead of 

a financial crises. 

And it has already had a tremendous effect in 

terms of preventing students from having to 

leave school. In the program’s first year, 2005, 

64% of students re-enrolled or graduated in the 

term immediately after receiving assistance. In 

2006, the retention rate had gone up to an 

average of 85%, with three colleges reporting 

retention of 90% or more of students receiving 

assistance. This program is an important step in 

Scholarship America’s efforts to focus on 

students often ignored by the world of privatesector 

financial aid. 

2005:2007 STATS 

IN ITS FIRST TWO YEARS, DREAMKEEPERS 

HAS PROVIDED $595,393 IN TOTAL 

ASSISTANCE TO 1,566 STUDENTS. 

AFTER RECEIVING ASSISTANCE, 64% OF 

STUDENTS RE-ENROLLED OR GRADUATED IN 

THE TERM 

OF STUDENTS RECEIVING ASSISTANCE IN 

2006, THE RETENTION RATE HAD GONE UP 

TO AN AVERAGE OF 85% – WITH THREE 

COLLEGES REPORTING RETENTION OF 90% 

OR MORE 

SINCE 2005, 

DREAMKEEPERS 

HAS PROVIDED 

$595,393 IN 

ASSISTANCE TO 

1,566 STUDENTS 

SPECIAL INITIATIVES


It’s not often that an entire community unites in a giant effort 

to improve the site of their local schools, but that’s exactly 

what happened at Sunnyside Unified School District in 

Tucson, Ariz. in October 2006 when over two thousand 

volunteers came together in honor of Make a Difference Day, 

a nation wide effort sponsored by USA WEEKEND. Kids and 

their parents, teachers, administrators, business leaders and 

concerned citizens teamed up to paint hallways, trim weeds, 

and help perk up the overall appearance of the schools. 

Sunnyside’s decision to partake in Make a Difference Day 

came about due to its participation in the Learning 

Communities Coalition, an initiative between USA Funds, 

Scholarship America, and eight other nationally recognized 

organizations, which aims to encourage not just students, but 

entire communities, to value and actively support education. 

By bringing together local community leaders, citizens and 

volunteers through events like Make a Difference Day, the 

Learning Communities Coalition is hoping to significantly 

increase the number of youth who complete high school and 

successfully pursue postsecondary education. In addition to 

Sunnyside, communities in Orlando, Fla.; Washington, D.C.; 

Okolona, Miss.; Indianapolis, and the Wind River Indian 

Reservation in Wyoming, have been awarded a total of $900,000 

in grants to support early awareness, preparation and 

participation in motivational programs such as Scholarship 

America’s ScholarShop, in order to create a community culture 

of lifelong learning. 

Other Learning Communities have also been busy preparing 

their students for high school graduation and college. 

The Orlando Learning Community publicly recognized 200 of 

Orange County Public Schools’ brightest stars at the Inaugural 

Student of Promise Celebration. The students were identified 

as potential future scholars and their progress will be tracked 

from elementary school through high school. The Wind River 

Indian Reservation also celebrated special members of their 

community; four awards were presented to an educator, 

caregiver, student, and business respectively. And in 

Indianapolis, George Washington Community School 

implemented ScholarShop programs targeting over 1,250 

students in grades 4-12. Local high school seniors and college 

students provide tutoring and also help implement 

programming within the Learning Communities initiative. 


LEARNING COMMUNITIES COALITION 

HELPING COMMUNITIES CREATE 

A CULTURE OF LIFELONG LEARNING 

SUNNYSIDE: MAKE A DIFFERENCE DAY 


ORLANDO: STUDENT OF PROMISE 



ORLANDO: STUDENT OF PROMISE 

17 



2007 ANNUAL REPORT



BOARD OF TRUSTEES 


BOARD OF TRUSTEES 

Jamie P. Merisotis, Chair 

The Institute for Higher 

Education Policy 

Washington, D.C. 

Mr. Richard J. Schwab, 

Immediate Past Chair 

Solon, IA 

Dr. Clifford L. Stanley, 

President 

Scholarship America 

Edina, MN 

Kay M. Marquet, Treasurer 

Community Foundation 

Sonoma County 

Santa Rosa, CA 

Mim Schreck, Secretary 

Fairfield, CT 

Michael J. Ryder, Clerk 

Morgan Stanley 

New York, NY 

Judy Allen 

Waltham, MA 

Treasa Bowers 

Williamstown, NJ 

Tom Cardella 

Solon, IA 

Timothy A. Christensen 

National Association of 

Student Financial Aid 

Administrators 


Suzanne Huffmon Esber 

Fluor Foundation 

Aliso Viejo, CA 

Richard L. Ferguson, Ph.D. 

ACT, Inc. 

Iowa City, IA 

Tina Lee 

World Journal 

Whitestone, NY 

Barbara B. McBee 

The MetroHealth System 

Bedford Heights, OH 

Lisa Mrozek 

Western Asset Management 

Pasadena, CA 

Paul M. Ostergard 

Hilton Head Island, SC 

Wintley A. Phipps 

U.S. Dream Academy 

Columbia, MD 

Paula Prahl 

Best Buy Co., Inc. 

Richfield, MN 

Robert B. Rasmussen 

Consultant, 

Institutional Advancement 

Ballston Spa, NY 

Michael Ryan 

Credit Suisse 

New York, NY 

18 




Seema R. Shah 

Ameriprise Financial, Inc. 

Minneapolis, MN 

Philip J. Webster, 

Chair Pro Tem 

The Webster Group 

St. Michaels, MD 


NATIONAL ADVISORY 

BOARD 

Dr. William L. Bainbridge, 

FACFE 

The Florida Times-Union 

SchoolMatch ® 

St. Augustine, FL 

B. Scott Ball 

Naples, FL 

Dr. Roger W. Benjamin 

Council for Aid to 

Education 

New York, NY 

Dr. Monte Bridges 

Puget Sound Educational 

Services District 

Renton, WA 

Bernice B. Brown 

CalWorks Education 

& Training 

City College of 

San Francisco 

San Francisco, CA 

Pam Brown 

USA Weekend 

McLean, VA 

Kathryn Calano 

Student Representative 

Bethel Park, PA 

Joe Cipfl 

McKendree College 

Lebanon, IL 

Dr. Ann Coles 

Pathways to College 

Network 

The Education 

Resource Institute 

Boston, MA 

Stewart T. Coulson 

Charles City 

Community Schools 

Charles City, IA 

Dr. Brian L. Donnelly 

Cost Management 

Solutions 

Duxbary, MA 

Dr. Henry Fernandez 

USA Funds 

Indianapolis, IN 

Dr. Mary H. Futrell 

The George Washington 

University 


Dr. Morris Gaebe 

Johnson & Wales University 

Providence, RI 

Leroy Gilbert, Ph.D. 

Fairfax Station, VA 

Archie Givens 

Givens Foundation for 

African American Literature 

Edina, MN 

Robert K. Goodwin 

Points of Light Foundation 


Lester A. Kretman 

NBC News 


David B. Laird, Jr. 

Minnesota’s Private 

Colleges Council 

St. Paul, MN 

W. Patrick Lawrence, II 

Lawrence & Associates 

Newtown, PA 

Rev. Robert P. Lawrence 

First Congregational 

Church 

Fall River, MA 

W. Clyde Lemon 

Houston, TX 

Judith Lewis Logue 

University of San Diego 

San Diego, CA 

Hazel Loucks 

Edwardsville, IL 

William B. Marine 

GCA Trading Company, LLC 

Vero Beach, FL 

Jacob McKissick 

Student Representative 

Everson, WA 

Kenneth R. Murray 

Wells Fargo & Company 

(Retired) 

Wayzata, MN 

Deborah L. Myman 

Los Angeles, CA 

Robin H. Pence 

AES Corporation 

Arlington, VA 

Joan Roeben Licursi 

Gilda’s Club Worldwide 

New York, NY 

Joseph A. Russo 

University of Notre Dame 

Notre Dame, IN 

Amy Ryan Rued 

Columbus, OH 

Frank L. Sims 

Cargill, Inc. 

Wayzata, MN 

Donald U. Smith, III 

Christ Church 

Preservation Trust 

Philadelphia, PA 

Joyce E. Smith 

National Association 

for College Admission 

Counseling 

Alexandria, VA 

Susan J.L. Soh 

Hoboken, NJ 

David L. Warren 

NAICU 


Richard K. Washington 

Boys & Girls Club 

of the Peninsula 

Menlo Park, CA 

Christine Wiggins 

Imhotep Charter 

High School 

Philadelphia, PA 


TRUSTEES HONOR ROLL 

Dr. Irving A. Fradkin 

Founder, 

Scholarship America 

Fall River, MA 

Lloyd L. Brandt 

Vadnais Heights, MN 

Joseph M. Hinchey, Esq. 

Mystic, CT 

C.A. (Gus) Johnson II, Esq. 

(Deceased) 

E.B. (Burt) Knauft 

Independent Sector 

(Retired) 

Columbia, MD 

Barbara M. Kuzdzol 

North Attleboro, MA 

Edward M. Lee, Esq. 

Andersen & Lee, P.C. 

Westfield, MA 

David Logan Steele, 

CTFA, AEP 

Jonestown Bank & Trust 

Company (Retired) 

Lancaster, PA 

Gregory J. Macri, Jr. 

GJ Products 

Walpole, NH 

Marquita S. McLean 

Cincinnati, OH 

Patricia B. Mooney 

Christopher J. Barrett 

Realtors 

Wakefield, MA 

Howard Morreen 

(Deceased) 

Frank E. Morin (Deceased) 

William (Brad) B. Norris, 

Esq. (Deceased) 

Joseph F. Phelan 

Bethlehem, NH 

J. Stephen Putnam 

Tarpon Springs, FL 

Harry A. Rosenberg 

(Deceased) 

Ruth Saxey 

Consultant 

Redondo Beach, CA 

Ralph H. Seifert 

Lighthouse Underwriters LLC 

Southport, ME 

David C. Smith 

The Woodlands, TX 

Stephen B. Smith 

Barrington, IL 

Eugene C. Struckhoff, Esq. 

York Foundation (Retired) 

Lutherville, MD 

Thomas Terry 

Madison, WI 

Michael A. Vorhaus 

Frank N. Magid Associates 

Los Angeles, CA 

Philip J. Webster 

The Webster Group 

St. Michaels, MD 

John A. Wedum (Deceased) 

Susan G. Weinberger 

Mentor Consulting Group 

Norwalk, CT 

Peni Wilson Roberts 

Cornerstone Management 

Alexandria, VA 


TRUSTEES EMERITI 

James Alexander 

Alexander Associates 

Evanston, IL 

Thomas D. Bellinger 

Planned Results, Inc. 

Norwich, NY 

J. Moreau Brown 

General Electric (Retired) 

Ben Crosby 

Ocala, FL 

Garth E. Dimon 

Bristol-Myers 

Harold J. Hebl 

Minnesota Association for 

Counseling and 

Development (Retired) 

St. Paul, MN 

Leslie S. Hubbard 

(Deceased) 

Donald G. James 

Parker & James 

Communications 

Kingston, MA 

Morgan Odell 

Laguna Beach, CA 

Felice Schwarz (Deceased) 

Thaddeus Seymour 

Wabash College (Retired) 

Winter Park, FL 

Edward M. Shapiro 

Southern New Hampshire 

University (Retired) 

Hooksett, NH


YEARS ENDED JUNE 30, 2007 AND 2006 

FINANCIALS 

STATEMENTS OF ACTIVITIES 2007 2006 

Changes in unrestricted net assets: 

Total scholarships raised $145,342,295 $146,018,878 

Less scholarships designated by donors 

for specific beneficiaries (58,821,722) (58,415,206) 

Scholarship revenue 86,520,573 87,603,672 

Program management fees 8,535,306 8,629,445 

Investment income 1,696,793 1,155,577 

Contributions 449,351 537,234 

Other income 444,070 259,502 

Dollars for Scholars ® 402,199 358,127 

ScholarShop ® 12,380 30,134 

Revenues and support 

Net assets released from restrictions: 

98,060,672 98,573,691 

Satisfaction of program restrictions 12,436,001 12,172,185 

Total unrestricted revenues & support 110,496,673 110,745,876 

Expenses: 

Program services: 

Total scholarship distributions 

Less scholarships designated by donors 

155,431,923 155,909,198 

for specific beneficiaries (58,821,722) (58,415,206) 

Scholarship awards 96,610,201 97,493,992 

Scholarship Management Services 3,943,832 3,597,787 

Dollars for Scholars ® 2,121,552 2,736,457 

ScholarShop ® Supporting services: 

199,372 63,278 

General and administration 4,349,690 3,276,491 

Fundraising 1,388,649 1,255,555 

Total expenses 108,613,296 108,423,560 

Increase in unrestricted net assets 1,883,377 2,322,316 

Changes in temporarily restricted net assets: 

Contributions and project grants 7,055,115 10,108,076 

Investment income 

Net assets released from restrictions: 

14,618,036 905,674 

Satisfaction of program restrictions 

Increase in temporarily 

(12,436,001) (12,172,185) 

restricted net assets 9,237,150 (1,158,435) 

Changes in permanently restricted net assets: 

Endowment contributions 

Increase in permanently 

647,703 204,798 

restricted net assets 647,703 204,798 

Increase in net assets 11,768,230 1,368,679 

Net assets: 

Balance at beginning of year 142,380,586 141,011,907 

Balance at end of year $154,148,816 $142,380,586 

SEE NOTES TO FINANCIAL STATEMENTS AT WWW.SCHOLARSHIPAMERICA.ORG 

2007 INCOME 

For Scholarships (72%) 

Earned Income (7%) 

Contributions (7%) 

Investment & 

Other Income (14%) 

2007 EXPENSES 

Scholarship Awards (89%) 

Program Services (6%) 

Administration (4%) 

Fundraising (1%) 

19 



2007 ANNUAL REPORT

FOUNDER’S SOCIETY – ($1,000,000.00+) 

The Citigroup Relief Fund of the Citigroup Foundation • USA Funds 

CHANCELLOR’S SOCIETY – ($500,000.00+) 

Lumina Foundation for Education 

TRUSTEE’S SOCIETY – ($100,000.00+) 

Alarm Industry Research & Education Foundation • AXA Financial/AXA Foundation • Big Ten Conference, Inc. • Biogen, Inc. • Herman Miller 

Foundation • International Youth Fund • The Archie and Frieda Malcomson Estate • National Burglar & Fire Alarm Association • Nokia 

Education Fund • Angelo Pizzagalli • James and Judy Pizzagalli • Remo Pizzagalli • Polo • State Of Illinois 

PRESIDENT’S SOCIETY – ($50,000.00+) 

1 Anonymous • OfficeMax • Scottish Rite Foundation 

PROVOST’S SOCIETY – ($25,000.00+) 

1 Anonymous • The Bartley Corporation • Otto Bremer Foundation • Ramon A. and Leanna M. Diaz • EMC Insurance Companies • Great 

Lakes Educational Loan Services, Inc. • Herman Miller Inc. • Indiana Secondary Market for Education Loans, Inc. • Iowa Student Loan 

Liquidity Corp. • Joseph Drown Foundation • Brian B. and Nan C. Marcotte • Nicor, Inc. • Sallie Mae, Inc. • State of Washington • 

Tom Lehman Golf Charities, Marshall Fields Challenge 

DEAN’S SOCIETY – ($10,000.00+) 

2 Anonymous • Alliance Bernstein • American Express • Board of Trade of the City of Chicago • Boehringer Ingelheim Cares Foundation, 

Inc. • The Capital Group Companies Charitable Foundation • The Community Foundation for the National Capital Region • Carl C. and Carolyn 

S. Dalstrom • Olympia M. Diaz • Electrical Equipment Representatives Association • Employees Community Fund of Boeing California • 

Suzanne H. and Jeffrey Esber • The Fluor Foundation • GE Foundation • Great Lakes Higher Education Corporation • Great Lakes Higher 

Education Guaranty Corp. • Jack Kent Cooke Foundation • Lilly Endowment, Inc. • National Education Loan Network, Inc. • Nellie Mae • 

Northwest Education Loan Association • Paul M. Ostergard • Principal Financial Group Foundation, Inc. • The Rosemary and Michael Ryan 

Foundation of the Fidelity Charitable Gift Fund • The Sallie Mae Fund • The Seinfeld Family Foundation • Share Gift USA • Brian Walker 

• Wells Fargo Foundation 

PROFESSOR’S SOCIETY – ($5,000.00+) 

1 Anonymous • Robert C. and Mary Ellen Ballard • Barnes & Thornburg LLP • William and Donna Bonifield • Bertha M. Boyum • 

The Bruyette Family Foundation, Inc. • Credit Division of Securities Industry Association • First National Bank Minnesota • Frank & Louise 

Holmes Trust • General Electric Foundation • Goldman, Sachs & Co. • Hayden-McNeil Publishing, Inc. • Indian Hills Community College 

• Keywell, LLC • Dale Koppel • Lacy Foundation • Lilly Endowment, Inc. • Andy Lock • Phyllis R. McGrath and Patrick Sheehan • 

Merrill Lynch • Metz & Associates LTD • Mr. Nagel • Micheal T. and Rita R. O'Kane • Pierre Enterprises, Inc. • Prairie Meadows Racetrack 

and Casino • Steve Putnam • Carol Siegel • St. Vincent Hospital and HHC, Inc. • Dr. Clifford L. and Rosalyn Stanley • 

Stronge Family Foundation • Symetra Financial • WorldClass Strategy 

DOCTORAL SOCIETY – ($1,000.00+) 

14 Anonymous • The Acorn Foundation • The Active Network, Inc. • AIB College of Business • Judith Allen • American Center for 

Philanthropy • Ameriprise Financial • Anderson Erickson Dairy • Joni M. Anderson • Andrew Family Foundation • Anthony and Dana Marie 

Ardolino • Katherine J. Armstrong • Assured Guaranty Ltd • Atlantic Bottling Company • Dean and Anna Backer • Mark W. and Janet A. 

Bates • Mary Fiske Beck • Swith J. Bell • Shirli M. Billings • Nancy Brandel • Judith T. Burrows • Suzanne P. and Jim Calfee • Capri 

College • Thomas F. Casey, Jr. • Philippe Citron Charitable Foundation Trust • Ann S. Coles, Ph.D. • College Loan Corporation • Tom and 

Lisa M. Conigliaro • Elizabeth A. Crossman • CSF of Wakefield • D'arcy Buick • John E. Deysher • John P. Distefano • Drake University 

• East Coast Golf, Inc. • Ed Fund • The Education Resources Institute • Denise B. and G. Dan Feser • Fiegen & Bisenius, Inc. DBA Capri 

College • Field Family Foundation • Jennifer L. Freimund • Raymond H. Goetz • Graceland University • Robert T. and Melody K. Grand 

• Arrell Thomas Gray • Michael and Lori Harris • Edmond B. Herrington • John S. Hettiger • Joseph M. and *Barbara B. Hinchey • Horne 

Family Charitable Foundation Inc. • Melinda G. and Alan D. Huisinga • Illinois Principals Foundation • Indiana University • Indiana 

University Foundation • Margaret Inokuma and Eugene Veteska • Iowa Farm Bureau Foundation • Iowa State University of Science and 

Technology • Ivy Tech Community College • Senator Ken G. Jacobsen • Jefferies & Company, Inc. • Jewish Foundation of Memphis • 

JM Printers, Inc. • Krista M. and Jeffrey C. Johnson • Kaplan, Inc. • Kennelly Development Company LLC • Steven and Teresa Kingsley 

• Kirkwood Community College • Edwin B. and Ruth Knauft • Kraft Foods Matching Gift Program • John J. Landers • *Lois M. Larson • 

Laser & Family Dentistry, P.C. • The Leaders Council Agency, LLC • Tina T. Lee and Richard Chang • Debora Lingos • Luther College • 

Brad and Pamela A. Macaleer • Greg Macri, Jr. • Hotair.com • Barbara B. McBee • Marquita S. and Cecil McLean • Jamie Merisotis and 

Colleen O'Brien • Alice and Andrew Meshbane • Mill Basin Bergen Beach Lions Club • Mission FCU Community Foundation • Martin J. 

and Cynthia K. Moderi • Patricia and Eugene Mooney, Jr. • David G. and Sonja Nahass • National Association of Independent Colleges and 

Universities • National Collegiate Athletic Association • National Heritage Foundation • William C. and Margaret R. Nelsen • Nordemann 

Foundation, Inc. • Paul Nowoswait • Marie O'Malley and Michael Morin • Scott Palma • John C. Passananti • PC Financial Corporation 

• Pennoni Associates, Inc. • Blanche Pergol • Joseph Phelan • The Philadelphia Foundation • Joseph and Nichole Marie Pollina • Noreen 

and Patrick Quillin • Joseph D. Ratterman • Retired Professional Football Players of Chicago • Geoff G. and Emilie Ringe • Mark R. Robinson 

• Thomas E. Ruggiero • Paul M. and Allison G. Russo • Patrick and Renee Ryan • Michael J. and Linda Ryder • The Schelzi Family 

Foundation • Cheryl A. and Paul E. Schlenker • James A. and Jill N. Schlesinger • Scholarship America Staff • Muriel F. and John Schreck 

• Richard Schwab and Katherine Burford • The Seattle Foundation • Cy and Sandra Seifert • Service Brands International • Simpson 

College • Donald U. Smith, III and H. Hetherington Smith • Stephen B. and Mary Smith • Susan and Richard Hare Family Foundation • 

Sycuan Band of the Kumeyaay Nation • Thomas E. Terry, J.D. • John Thompson and Jessica Damore • Curtis V. and Carol M. Trygstad • 

The University of Iowa • University of Northern Iowa • Michael A. Vorhaus • The Wadsworth Company • Debra Wanger and Mitch Yaruss • 

David L. and Ellen L. Warren • Waste Management • Phil and Irmy Webster • Dr. C. Douglas and Carol Ann Weir • Robert L. Zier 

20 





DONORS 

*Deceased

MASTER’S SOCIETY – ($500.00+) 

12 Anonymous • Laurel A. Abbott • Aetna Foundation • James N. and Cleopatra B. Alexander • Alnor Oil Company, Inc. • Richard H. 

and Brenda J. Backwell • Bank of America • BD Biosciences • Robert M. Benton • David Black • Dr. Monte L. Bridges • James J. and 

Kathleen Buckley • Canter Family Foundation • Central Jersey Collision, Corp. • Peter V. and Nancy J. Christiansen • Steve and Bonita 

Clinton • Laura and Kevin Colebank • Kevin P. Coleman • Dan Cosgrove • Cubic Corporation • Martin Daniels and Rebekah Brown • 

Des Moines Independent Community School District • Des Moines University Osteopathic Medical Center • David W. and Janet M. Duncan • 

Kurt Duncan • Eli Lilly and Company • Erin Elliott • Dr. Marlyn Eltanal • Encouragement Services, Inc. • Epx Limited • Eugene and 

Marilyn Glick Foundation Corporation • Thomas J. and Yolanda P. Evans • Ty Exsted • Farm Boys Hearty Food Company • Dr. Henry L. 

Fernandez • GoodTree LLC • Hancock Community Education Foundation • John Hawley • Luke S. and Holly A. Hayden • David Herbert 

• Alan and Terry L. Hershey • Suzanne M. Hittman • The Huisking Foundation • J. Pizzirusso Landscaping Corp. • James Gang Graphics, 

Inc. • JB Finish, Inc. • JPMorganChase • Michael F. and Mary E. Kimmey • Christine M. and Charles H. Korte • Martha D. and Dr. E. H. 

Lamkin, Jr. • Laser & Family Dentistry, P.C. • Lawson Family • Brad Lazorka • Joan R. Licursi • Terrance M. and Joyce E. Lillis • 

Loras College • Hazel Loucks, Ph.D. • Ryan D. Ma • Michael E. Madden • Robert C. Malcom • Salvatore Manforte • Marian Marchese 

and Stephen Phillips • Kay M. Marquet • Mattlin Foundation • Dr. Peter Mazareas • Clifton J. and Yulanda L. McCullough • McTrout 

Consulting Inc • Microsoft Corporation • Kevin F. and Linda M. Moehn • Maryann Montano • Naval Service Warfare Center • New Hampshire 

Higher Education Assistance Foundation • North Iowa Area Community College • Northeast Iowa Community College • Northwest Missouri 

State University • One on One Physical Therapy • Michelle Onello and Renard Strautman • Richard A. and Renee C. Orr • Other Heroes 

Comic Art Exhibition • Padilla Speer Beardsley Inc. • Patio Food Products, Inc. • Ralph and Helen Petersberger • Jan and Yvonne Petersen 

• Christopher Pizzirusso • Kyle C. Poston • Priester Aviation, LLC • Charles E. and Erika Priester • PV Dollars for Scholars • Moon S. 

and Nam S. Pyun • Vincent J. and Domenica Ragusa • William B. and Sharon K. Richardson • Patricia Roe • Gregory A. Ronneburger • 

Nancy Culligan and Ralph Rose • Julie Russo and Don Dingledine • Patsy H. and Kennard W. Rossow • Norman Sacker • Ruth Saxey • 

John C. and Julie Schreurs • P. L. and Richard Schroeppel • Philip A. Seabrook • Seema Shah and Jed Burkett • Joel Sheridan and Janet 

Bohart • Lisa Siciliani • David C. and Marijane D. Smith • James E. and Margie G. Smith • Suburban Bus Transportation, Inc. • Henry 

A. and Evelyn Swan • Nancy S. and F. Brian Threfall • Tiffany & Co. • Ian Todd • Traveler's Select Sales Group • Turning Point Dollars 

for Scholars • Van Dyke Family Foundation • David M. Ward • Washington Education Association • Waukee Dollars for Scholars • 

Dr. Susan Gordon Weinberger • Dr. Patricia A. and Ronald S. Wilson • Christopher J. Wyllie • Robert L. Zier 

BACCALAUREATE SOCIETY – ($250.00+) 

9 Anonymous • Airtone Corporation • Katherine Allen and David Weingart • Ann Beardall Anderson • Loren J. and Maryann W. Anderson 

• Marc Anthony • Bankers Trust • Barry and Mary Belanger • Roger Bitterman • Don C. and Charlyn Black • Jon F. Blanchard • 

Venkateshwar and Rani Bommakanti • Brothers Industry Fund • Bob and Ginger Buehler • Tammy Butts • Anne L. and Stuart Cheney • 

Kathi L. Chenoweth • Charles J. and Julie C. Costa • CSF of Stafford Springs • Armando and Phyllis M. Daccardo • Jennifer Davies and 

Paul Backstrom • Teffenie Davies • Des Moines Area Community College • Karen Devilla • Jonathan and Samantha L. Doan • Dr. Brian 

L. and Dr. Eileen Donnelly • Kristin Doyka • Ruby M. and C. Cabot Easton • Catherine Austell Elortegui • Aaron and Jacqueline Epstein • 

Nadine Joy Espinosa • Scott Adrian Essex • Derrick and Elizabeth Feldmann • Robert Freidenberg • Friends of Steve Cohn-oo's • Eleanor 

S. and Michael Fronstin • Kevin J. and Kathleen Torpey Garganta • Karen S. Garvin • Nancy Gelle • Goldman Sachs Foundation • Teresa 

D. Hale • Stephen C. Ham • Deborah Gonzalez • Great Harvest Bread Company • Hankster, Inc. • David B. Hathaway • Richard W. and 

Arlene Havel • Stephen T. and Shirley J. Heck • Alain Henon • Kenneth B. and Teri Hertz • Margaret M. and William E. Higgins • Ivy 

and Stephen Hong • I Do Foundation.org • Caroline E. Jerome • Robert A. Johnson • Susan C. and Tom G. Jones • Madeline Kleiner • 

Mark Krueger and Toyomi Tomishima • Kevin and Linda Koester • Lester A. Kretman • Adam Levine • Roger and H. Mahnke • MainSpring 

Media Communications, Inc. • Dennis Maracsa, Sr. • Steven W. and M. Beth McCullough • Colleen McMonagle and Paul Lawrence • Lisa 

R. McNeal • Kara and Barry G. McWhirter Waugh • Mid Prairie Community School Dist. Foundation • J. C. Miller • Michael E. Morin • 

Kimberley and David Mosier • Ray Muscat • Patricia Nix-Hodes and Mark R. Hodes • Frederick and Sandra Noschese • O.Berk Company 

LLC. • George J. and Carole K. Pietrzak • Howard and Pamela J. Poret • John K. and Laura M. Purcell • Ragusa Kitchens & Bath, Inc. • 

Rockford Assoc for Minority Mgt • Douglas L. Roselieb • Amy Ryan Rued and Jack Rued • Susan H. and James A. Schmicker • 

DOLLARS FOR SCHOLARS REGIONAL HIGHLIGHTS 

CALIFORNIA: FOSTERING OPPORTUNITIES 

Less than five percent of former foster children earn college 

degrees. At age 18, these now “adults” are sent out into the world 

to make it on their own. For most, going to college isn’t 

conceivable. This is something that the Dollars for Scholars San 

Diego Chapter is trying to change. The program, Fostering 

Opportunities, helps former foster youth with all the necessary 

plans for entering college and moving out on their own; things like 

setting up a dorm room, shopping for college supplies, getting the 

funds they need to attend college, and every day skills like how to 

balance a check book. Thanks to this Californian chapter, these 

kids can turn a college education from a dream into a reality. 

DONORS 

GROUP SHOT OF VOLUNTEERS AT 

THE 2006 CALIFORNIA DOLLARS 

FOR SCHOLARS WALK FOR 

EDUCATION AT NATIONAL 

UNIVERSITY IN SAN DIEGO. THE 

CHARACTER AT TOP RIGHT IS THE 

FRIAR, THE MASCOT OF THE SAN 

DIEGO PADRES BASEBALL TEAM. 

JUDITH LEWIS LOGUE – VP OF 

CA DOLLARS FOR SCHOLARS 

REGIONAL BOARD OF DIRECTORS, 

THE FRIAR, KATIE O. WHALEN- 

ELSBREE AND BRUCE 

BRACISZEWSKI – FOUNDING 

MEMBERS OF THE CALIFORNIA 

DOLLARS FOR SCHOLARS. 

21 



2007 ANNUAL REPORT

BACCALAUREATE SOCIETY – ($250.00+) continued 

Tzerl and Sam Seltzer • Seneca Club of Kings County • Donald and Margaret A. Setterlof • David J. Shryock and Kristen L. Manos • Marian 

A. Smith • Dana D. and Nelda A. Snider • Strategic Planning Group, Inc. • Texas Instruments Foundation • John and Noreen Thompson 

• Titan Construction Corp • Rebecca Todd and Andrew Hruska • Rick Trautner • United Jewish Foundation of Metropolitan Detroit • Terry 

A. and Michael Velasquez • Bommaknati Venkateshwar • Michael S. and Ingrid W. Walsh • Richard K. and Wanda D. Washington • Barry 

G. and Kara Waugh • Wells Fargo Corporation • Thomas B. and Stacy E. Wells • P. Williams • Diane Willis • Steven J. Withey • Eric W. 

Yocam • Randy J. and LeAnne Zentz 

SCHOLAR’S SOCIETY – ($100.00+) 

57 Anonymous • 1212 Gift Fund • 55 Wing Airman Leadership School • Admiral Insurance Brokerage Corp. • Chris J. Akelian • Algona 

Community School Foundation • All Metals Industries Inc. • Katherine Allen and David Weingart • Brian Allison • Jerome K. Altshuler 

Foundation, Inc. • Cheryl Amundson • Gregory Anderson • John C. and Margaret Anderson • Adam Antoniewicz • William K. and Joyce 

A. Appelgate • David H. Aramaki • Roseann Ardollino • Richard E. and Rita A. Atha • Edna Auerbach • Jean Bamforth • Bank of America 

Foundation, Inc. • Dorothy Barnes-Griswold • Sandy Baum • Bay Ridge Volvo-American, Inc. • Bayard Advertising Agency, Inc. • Andrew 

J. and Margaret M. Beierwaltes • David Berque • Bethel Education Scholarship Team • John J. Bilafer • Daniel Bilar • Linda and Carl 

Boardman • Scott N. Bosley • The Boston Consulting Group, Inc. • Anne Bowhay and Jeffrey Hanneman • James J. and Barbara J. Boyle 

• Patrick J. and Barbara Boyle • Dr. Bruce and Anne Braciszewski • William J. Brand • Vicky Sue and Doug Breithaupt • Eric W. Brewer 

• Dory L. Briles and James F. Christenson • Jeff Buckman • Marion S. Buckwalter • Lorene Burkhart • Norris H. Bussell • Gina and 

Robert Byron • Sarah D. and Charles M. Calley • Londa P. and John P. Campbell • Paul B. and Patricia J. Campbell • Capri Landscaping 

& Nursery, Inc. • Luca Caravello • Joseph F. and Medilia E. Carey • Carmine Evangelista CPA • Champion Alarm Systems, Ltd • Martha 

R. Childs • Timothy A. Christensen • Dr. Joseph J. and Linda Cipfl • Gerald F. and Giovanna S. Cipolla • Citizens Scholarship Foundation 

of BGM • CMI Services, Inc. • Thomas and Loretta Coleman • Roseanne Coleman-Nieswenter and Randy Nieswenter • Colfax-Mingo Dollars 

for Scholars • Anthony Como • Mark Connell • N Corbin and A Wolfe • James L. Crimmins • Frank J. and Lorraine F. Daccordo • Pamela 

P. and Thomas W. Daniels • Lynette A. Dauffenbach • Davis & Warshow, Inc. • Elizanda M. de la Sota • Philip B. Dee, Jr. • Edward J. 

and Mary M. Deevey • Priti R. Desai • Richard T. Desmedt • Robert G. and Kimberly J. DeVita • Dominic Dimino • Rena Dirckx • 

Stephanie Doherty • Dollars for Scholars of Melcher-Dallas, IA • Carrie L. Duncan • Carolyn A. Duryee-Wickel • Dick and Barbara Dystrup 

• Evie Erdman • Fabricare Super Laundromat • Jeff C. and Elizabeth Falcone • Sean J. Farrell • Kevin J. Fegan • Virginia S. Ferguson 

• Sharonanne Ferris • Scott and Deborah Fichtner • Fred and R Fingerhut • Dawn M. Fish • Dr. Summer L. and Joan Fishbein • Mr. and 

Mrs. Dick Fisher • Lyle E. and Dorothy Fogel • Follett Corporation • Dr. Irving A. and Charlotte Fradkin • Joann and Justus Freimund • 

Julia S. Freimund • Jeffrey L. and Laurie A. Freude • Nancy A. and Charles S. Frick • Friends of A.J. Wilhelmi • Friends of Jeanne Kohl- 

Welles • Dr. Mary Hatwood Futrell • Donald C. and Ardie Gackle • Christopher M. Ganci • John Gann • Reynaldo P. Garay • Cameron 

Gardella • Michael P. and Virginia A. Geis • Diane E. Geiser • Robert D. and Jane J. Gelle • Joseph and Linette Genovese • Gerstein 

Fisher Real Life Finance • Gibson Southern High School • Edward K. Goldschmidt • Richard H. Gordon • William J. Gorey • June Gotaas- 

White and Michael L. White • William P. Graham • Brian Granger • Elliot and Marjorie Greenberg • Eileen Gregan • John Gridley • Gail 

Griffin • Guarino Funeral Home of Canarsie, Inc. • Kathy and Karl Guenther • Floyd L. and Diane E. Hair • Sharon D. Hale • Dort Hamilton 

• Meyer and Raena Hammerman Foundation • Roger F. Harbin • John O. and Mary W. Harney • Ann Harvey • Kirk M. and Julia A. Hayes 

• Sheryl L. Hayes • Charles J. and Catherine Healey • Lynne Heilbrunn • Carolyn L. and Ken K. Heile • Donald J. Higgins • Michael B. 

Hinton • Ethan Holt • The Holy Name Society • Sherry Hooper • Anne B. and Robert T. Hoover • Charles R. Howell • Sally and Marvin 

R. Huff • Abril L. and Matthew S. Hunt • Marsha and Charles Huseman • Samuel R. Hyman • Interboro Property Management Corp. • 

Kenneth L. and Rita Jackson • James G. Janney, Jr. Trust • JMS Tax Serivce, Inc. • Allen Johnson • H. Stuart and Marlys C. Johnson • 

Nancy Johnson • Daniel and Susan Jorgensen • Thomas and Megan Jozefiak • Natasha Kaiser-Brown • John S. Kaminer • Niraj K. Kataria 

• Margaret Keenan • Mr. and Ms. Kellogg • Todd D. Kemp • Rex W. Kepner • Michael R. and Janet G. Kerkhoff • Tammy J. Knudtson 

• Robert L. Koenig, M.D. • S. Ruth and Dean M. Koldenhoven • Marilyn Kowal • Chris A Krack • Patricia F. and Kenneth J. Krugel • 

Barbara M. Kuzdzol • LaChance Associates, Inc. • Gerald J. Lager • Dennis R. Lamport and Jill A. Rossiter • Jonathan C. and Rachel J. 

Laven • Patricia and Edward M. Lee, Esq. • Ethan Leibowitz • Levinson L. Inc. • Lincoln High School Alumni Assn • Nicole A. Lingos • 

22 




DONORS 

*Deceased 

LYNNE P. ZERVAS, DIRECTOR OF 

CHAPTER SUPPORT SERVICES 

AND DAVID DUNCAN, 

EXECUTIVE DIRECTOR 

NEW ENGLAND DOLLARS FOR 

SCHOLARS GOVERNING BOARD 


NEW ENGLAND: FIRST ONLINE AUCTION 

New England hosted a tremendously successful first-ever online 

auction this year. Chapters and Collegiate Partners came 

together in late December of 2006 and spent six months finding 

sponsors who would be willing to place the chapter logo on their 

Web sites and advertise the online auction. Chapters spent time 

soliciting local high-end hotels, museums, businesses, and 

upscale restaurants, and received publicity in the Boston Globe. 

In the end, the auction raised $9,500, thanks to the 

participation of colleges, national office staff, friends, chapters, 

and complete strangers simply bidding for the cause.

SCHOLAR’S SOCIETY – ($100.00+) continued 

Neil H. Lipsky • Ann Lloyd • Pei-loh C. and Adrian H. Lo • Walter H. and Nancy F. Lob • Lockton Companies, Inc. • Sarojini D. Lotlikar 

Larry A. and Cheryl L. Lowery • Juanita and Richard Luis • Lulu Press, Inc. • Janet A. Lund • Kevin S. and Patricia A. Lunny • Carol R. 

and Joseph C. Lutgen • Bonneviere C. Lyle • James E. and Jocelyn M. Lyons • Gary Macek and Nancy Ferguson • Megan R. MacMillan 

Edward F. Maguire • Jaqueline Mahoney • Kevin M. Mailender • Andrea Maison • Michael and Lisa Maiz • Laura F. and Lawrence V. 

Majovski • John C. and Ellen M. Maloney • Donna J. and David A. Manring • Curtis W. May • Stephen D. McAvoy • Christine Anne McCabe 

• Joseph McGee and Laura Kelly • Kerry McGuire • Kimberly E. and William R. McSheridan • Philip and Suzanne Meacher • Matthew 

Merrill • Ann and Joseph Mezzatesta • Caitlin K. Miller • Richard F. and Wendy J. Millerick • Mitsubishi Electric Automotive America, Inc. 

• MMC Educational & Scholarship Foundation • James P. and Gina Mocerino • Kevin Monahan • James E. Moore • Morgan Stanley & Co. 

Inc. • Sherie L. and Donald G. Morrison • Pauline and Edward C. Moy • William Muggli • John R. and Karin H. Muncie • David C. and 

Susan V. Murray • Martin G. Murray • Andrea L. Neely • Keith and Geraldine Nelson • Max L. Nibert • Nicholas A. Guzzone Real Estate 

& Construction, Inc. • Barbara J. and John W. Nichols • Greg Nichols and Dawn Connet • Northeast Iowa Community College Foundation • 

Mr. and Mrs. Thomas D. Nurmi • Deanna J. Nurnberg • NYC Renovation Managment, Inc. • Oasis Ranch Management, Inc. • Oracle 

Corporation • Joyce and Ken Osthus • David Page • Melissa and Thomas W. Painter • Pierre E. Pajak • Samuel W. and Winifred Peach 

• Deborah B. Peck • Karenmary Penn • Mary Lou and Ralph S. Penner • Kathy Perkins • Heidi A. and Gregory D. Peterson CIMA, CFM 

• Cynthia A. and Douglas J. Pierce • Plumbers Local Union #1 • Deloris A. Plumer • Mary K. Podrabsky • John V. and Peggy J. Polk • 

Douglas S. and Trudy N. Posner • Cosmo Justin Prindle • James Pugh • Vincent C. and Donna Lynn Ragusa • Tony B. Raia • Rent-A- 

Space • RGA Landscape Architects, Inc. • Bonnie L. and Scott Rieger • Alicia S. Roberts • Fred Robinson • Kathleen M. and William T. 

Robinson • Diane F. Rockwell • Barb and Russ Roloff • Joseph A. and Eileen P. Russo • Terrell H. Sachman • Jolene Sanborn • Ami 

and Maddy Sasson • Louis J. and Cosette B. Scallon • Joe and Kristan Schettler • Lindsey I. and Jason Schiesser • James L. Schlagheck 

• Todd M. and Megan Schlesinger • Bonnie R. and John M. Schlueter • William Schoeffel • Kent L. Schroeder • Jean Forsyth Schulz • 

Paul C. Schwartz • Eric Seabloom • Dorothy Sedley • Richard Seeger and Robin Koch • Sandra V. Serrano and Robert S. Tafoya • Jane 

Shackelford • Thomas T. Shenberger • Sylvester Sichenze • James R. and Lynn G. Simpson • Caroline Altman and Christopher W. Smith 

• Daniel J. Smith • Lee F. Snyder and Teryl Ann Rosch • South Slope Properties, LLC • South Winneshiek Dollars for Scholars • Southeast 

Polk Dollars for Scholars Foundation • Judith N. and Clifford Spanierman • William L. and Kathryn J. Spies • Jessie E. Spinney • Carleton 

B. and Sylvia K. Spotts • Tony Sprehe • Mark Stasik • David Logan Steele, CTFA, AEP • Brad and Ronna J. Steinback • George M. Steiner 

• Michael L. and Angela Stephan • Bruce Stoler • Strategic America • Kyle P. Subramaniam • Barbara D. Sweetland • Jill E. Swinton 

• Laura Sylvester • Ellen Tappon • TenBrook Sales, Inc. • Sharon Theoharous • Throop & Son Tree Service, Inc. • TNT Installation • 

TopCoder, Inc. • Dean Hamilton Towner • Tri County Dollars for Scholars Chapter • Daniel M. Triandiflou • Elizabeth A. Tuma • Jami and 

Erick Turner • Roseana Ursino • Anthony C. Varbero • Carmine S. Versaci • Mr. Wagner • Peter and Asha P. Wallace • Patrick E. Walsh 

• Richard Webber and Tanya Holcomb • Barbara J. and Richard J. Weber • Susan Weiner • Jeffrey Weinstein • Katie Whalen-Elsbree • 

Robert and Nancy Whitacre • June and Andrew Wigner • Julie A. and Dennis Wilkins • Corinna L. and Robert R. Wonderlich • Brian Wong 

and Lai Chiu • Stephen J. and Christine M. Wynne • You and Me, Inc. • Diane Young • Michael J. Zaczyk • Kyle B. Zake • Rolando 

Zamora • Holly Zanville • Mark Ziegenhorn 


ILLINOIS: LINCOLNLAND LEGENDS 

Illinois Dollars for Scholars hosted its second annual 

Lincolnland Legends statewide essay contest; on April 21, 2007, 

a total of nineteen scholarships were given away at the Lincoln 

Museum Library in Springfield, Ill. This year’s theme focused on 

“Education and the Betterment of the Community at Large.” 

Students were asked to write about a person who has impacted 

them and made a difference in their community. Winners of the 

essay contest received a $2,500 scholarship and then returned 

$500 to a high school of their choice. The second place winner 

received an additional $2,500, and the first place winner 

received an additional $7,500. 

DONORS 

LEFT TO RIGHT: 

MICHAEL KIMMEY – AXA ADVISORS, 

AMIR JAMES – FIRST PLACE 

SCHOLARSHIP WINNER, 

HAZEL LOUCKS – IL DOLLARS FOR 

SCHOLARS BOARD CHAIR. 

LINCOLN LAND LEGENDS 

SCHOLARSHIP RECIPIENTS. 

23 



2007 ANNUAL REPORT

FRIEND’S SOCIETY – ($99.00 AND LESS) 

53 Anonymous • Abbott Laboratories • Zenda K. and Bradley J. Adams • Affinity Logistics • Ms. Akande • Lois Akins • Nicole Alexander 

• Allstate Giving Campaign • American Express Foundation • Sherry L. and I.B. Dayan Anandappa • Bruce G. and Susan B. Anderson • 

Animal Doctors Veterinary Clinic PC • Jerryl Antee, II • Ben G. and Maureen M. Baldwin • Jeanne M. and David P. Barnas • Donna L. 

Barrett • Jill and John J Bartello • Julia Batten • Connie F. and W. Baumgartner • Joan L. Baxter • Les Paul Beard and Natalia Artemieva 

• Elizabeth and Clark Becker • Beltway Motor Sales Co., Inc. • Beth Bennett • Mr. and Ms. Berns • Frederick R. and Jane M. Bieber • 

Bloom Carroll Local School District • Bobcat Foundation Dollars for Scholars • William P. and Lisa N. Booth • Tammy L. Botos • Muriel 

Bott • George H. and Annalee Boulton • Jacqueline R. and Michael L. Boyd • Maureen and Rick Brand • Lloyd L. and Lois M. Brandt • 

Anna Brassard • Howard Braun • Glenn B. Braunstein • Jennifer L. Bremer • Kathy E. Brezina • Brenda Brink • Kim Brinker • Marilyn 

Brodie • Gerald M. Brough • Margé Brouillet • Carly Brown • Donald P. Brown • Melinda R. Brown • Bobby Jo and Bev Brumbaugh • 

Shannon Brumbaugh and Heather Mathewson • Martha S. and Timothy L. Bruno • Carol Bua • Kristen M. and Richard T. Buchanan • Kim 

and Jim Burg • Susan Seago Burney • Diane and William E. Caldbeck • Carolyn Anderson Interior Design • John Carson • John and Sondra 

Carver • Richard Cavanaugh • Jeannie and David G. Cecil • Avril L. and Hal S. Chase • Hal S. and Avril L. Chase • Mark Chmelar • Joan 

C. Chrisler • Thomas A. and Betty J. Clark • Helen Clark • Delores Clausen • Coe College • Tom and Nancy Coleman • Jennifer and 

John M. Collins • Columbia College • Community Solutions Fund • Stuart Comstock-Gay and Lucy Comstock-Gay • Concordia University 

• Laurie Condelles • Condon Dollars for Scholars Foundation • John Coombs • Dovid C. and Erika Coplon • Nick and Lorraine Cortese • 

Janey L. and Steve Cox • Joyce E. Craig • George H. Cross • Crystal Clear Water Company • Kareen A. and Lee K. Daby • Ashley R. Daum 

• Martha B. de Vos • Pauline and Ross I. Deacon • Rebecca A. Deeb • Christina DeHamer • Radames A. Delacruz, Jr. • Cary Demont • 

Clifford E. and Mary Ann Desousa • Gerald Dewald • Charles E. DeWitt • Julie Diede • Digitraction Incorporated • Walter Dolan • Dollars 

for Scholars of Taconic Hills • Dordt College • Tami and James E. Draper • James L. Dukeshier • Paul A. Dumdei • Eagle Grove Area 

Dollars for Scholars • Charles and Robin A. Entrieri • Job I. Evers • Charlene Falcone • Fantastic Ceramics • Mr. F.D. • Rosemary and 

Richard Fee • Kimberly and Mark Ferris • Fife High School Schol. Fdn. • Susan Figurski • Michael J. Finn • William A. and Robin M. 

Fisher • Stanley W. Fitzpatrick • Terri Fleming • Edward C. Flores • Amy and Brian Follmann • Donald J. and Frederica Siegelbaum 

Fracapane • Bert and Jean Fraleigh • Rosemarie Patricia Freiert • Jeremy and Katherine Freimund • Dick C. and Kathryn A. Freimuth • 

Tonya M. and Mark A. Frickey • Janine and Matt Fugate • Louis and Patricia Funk • Duncan P. and Pamela J. Gallagher • Paula Galloway 

and Stanely Slater • Antonette Gambini • Anne Garrelts • Gaylord Hospital • Janice Geddes • General Motors Corporation • Karen S. 

and Darrell E. Gideon • Shannah R. Gillespie • Dina Gillespy • Shawn R. Gilliam • Brenda Gleason • Mrs. and Mr. Goodhue • GoodSearch 

• Todd S. and Tina M. Gordinier • Sara Gordon • Cheryl L. and Scot Govert • Jennifer B. Graham • Grand View College • Millard J. Grauer, 

TTEE • Joanne Gray • Anthony J. and Janet S. Griggs • Grinnell College • Grounds for Celebration • Tammy and John C. Guenther • 

Russell A. and Stephanie A. Gulli • Kathryn A. Gumbel • Keith and Diane Gutschenritter • Mike Guyer-Wood • Corrin and Paul Hagen • 

Jeremy W. Hall • Donald R. Hallett • Dianne Hands • Cynthia Hardy • Kenneth J. Harkin • Ronald Harnar • Beatrice S. Harris • Edgar 

and Amy Harris • Kelly L. Harris • Merritt B. and Judith C. Hartman • Barton J. and Mamie M. Harvey • Nancy and Steve Harvey • Glenna 

and Glenn M. Hauenstein • Heads Service Station • Harold J. and Agatha L. Hebl • Mary E. and Brian Herrmann • Darren A. Herrold • 

Patrick Hewes • Karen M. Hill and Sheldon N. Rosen • Sue Holden • Rhonda Hollingshead • Hospira Foundation • Cheryl A. and Dennis 

W. Howard • Joseph and Betsy Hrdlicka • Karen L. Huhn • Randall D. and Lori J. Hunter • Institute of Business & Economic Research • 

Iowa Lakes Community College • Leonida and Richard J. Ivanetich • Krista A. Jacob and James H. Oliver • Joan Jacobs • Louise and James 

• Laurel Jaster • Raj Jhans • David J. Joensen • Robert M. Johansen • Debra K. Johnson • Mary O. Johnson • Jordan-Elbridge Scholarship 

Foundation • Bernard and Aimee Katz • Charles A. Kavanaugh • Kelly R. and J. Mark Kegans • Keith and Kathleen Keogh • Carla J. Kish 

• Judy Klein • Owen L. and Margaret Knox • Kathleen D. Koch • Brenda and Mike Konecne • Mary and Michael R. Kowalski • Susan J. 

Kroeger • Jeanette and Gene D. Krohnberg • Jeff Kurburski • Joanne J. and Mitchell S. Kushner • Joanne M. and Charles R. Kuster • 

Suellen Kutenplon • Neil S. and Tamina Lacheur • Bonnie J. Lanes • Celeste Lawson-Lindsey and Roosevelt Lindsey • Ms. Lebovic • 

Dawn P. Lehtinen • Gary J. Levine • Joshua L. and Kari R. Levine • Judith M. Levy • Diane Lind • Dennis W. and Barbara E. Linderbaum 

• Ann Lingos • Lade and Linda J. Lippert • Kun I. Liu • Scott Llewellyn • David Locke • Loffredo Fresh Produce, Inc. • Maria Lokensgard 

• Libardo Lopez • David A. and Judith A. Lorenz • Ann Lowry • Sheila Maddock • Lisa C. and David S. Mahar • Judith and Robert Maharry 

24 




DONORS 

*Deceased 

BETSEY SAVAGE AND ANN ROHLIN 

OF THE CHITTENANGO DOLLARS 

FOR SCHOLARS CHAPTER 

ATTENDING THE WORKSHOP 

ENGAGING YOUR COMMUNITY IN 

YOUR CHAPTER LIFE BY SHOWING 

THEM HOW TO GIVE AND SERVE. 

PICTURED ARE THE 12 CHAPTER 

REPRESENTATIVES WHO WON THE 

2006 AXA/DOLLARS FOR SCHOLARS 

STATE CONFERENCE SCHOLARSHIPS. 

EACH OF THESE CHAPTERS 

RECEIVED A $250 SCHOLARSHIP TO 

BE PRESENTED TO A STUDENT IN 

THEIR COMMUNITY. 


NEW YORK: 

ANNUAL STATE CONFERENCE 

On November 4, 2006, 44 chapter volunteers from 

24 chapters came together at Utica College for the annual State 

Conference. Many awards and prizes were presented to chapter 

volunteers. Acknowledgements and prizes also went to New 

Chapters and Chapter Anniversaries. The winners of the 2005 

National Golden Tassel Award were celebrated, along with the 

2006 nominees, South Colonie Dollars for Scholars and SCIO 

Area Dollars for Scholars.

FRIEND’S SOCIETY – ($99.00 AND LESS) continued 

Mohammad S. and Shahida S. Malik • Evelyn L. and Cleon Marsh • Mike and June Martin • Robert L. Mason • Michael R. May • Lynne 

R. and Bill Mayer • Tim McCune • James G. and Brenda L. McGraw • Lisa and Jerry Mcguire • Rebecca McIntosh • Margaret R. McKee 

• Julie A. Mclean • Caryl and Edward L. McWeeny • Paul A. Medeiros • Lisa S. Mediano • Medical Lake Dollars for Scholars • Alberto 

E. and Soraya M. Medina • Annette E. and Robert Meeks • Faith and Cory Mellinger • Christy A. and Steven Meltzer • Mary N. Mercury • 

Roberta F. Merino • Lorence H. Merritt • Valerie N. and Bruce A. Metz • Mary Lynda Meyer • William H. Meyers • Susan K. and Joseph 

A. Michels • Lisa Michelson and David Valler • Mikk Properties • Ginny Miller • Clara Lou and Dale Milligan • Arthur W. and Margie J. 

Millikin • Millward Brown • Lee Minichiello • Karen and Michael Misjak • Amy and James Mitchell • Eva M. and John B. Mitchell • 

Melinda M. Mitchell • Beverly and Junior Moeller • Venice L.V. Molivadas • Monroe Central Community Dollars for Scholars • Charles M. 

and Myra K. Moscowitz • Frank Motley • Duane and Cherry Mott • Mount Mercy College • Joel P. Moyer • Kari Murray • Robert P. and 

Tari L. Murray • Mary A. Myers • Naches Dollars for Scholars • Steven M. and Jo Ellen Nadel • Mr. Nash • Tom and Sharon Nemechek 

• Robert M. and Kathy A. Nervig • Steven R. Nessa • New Albany High School • Becky Nichols • Gilbert B. and Carole P. Nickelson • 

Jeanne M. Nocera • Lisa and Brion J. Oakley • Linda L. and James E. Oftedal • Barbara J Ohnemus-Kawamur and Myles K Kawamur • 

Eileen K. O'Leary • Leslie Olsen • Katherine Paddon • Tara A. Pamperin • Paragon School of Artistic Gymnastics, Inc. • Stuart E. Parks 

• Theresa L. Patterson • George A. Paulsen • Valborg G. Pearson • Steve Pecenka • Barbara Pederson • Heidi Perkins • Ardith L. 

Peterson • David and Patricia Peterson • Phildelphia Area Combined Federal Campaign • Charles K. and Leann M. Phillips • Margaret 

Pickens • Molly Pickering • Judi Pierick • Michelle Pipitone • Clayton A. Pitre • Elisabeth R. Pollock • K. Prust • Jessica Prusznowski 

and Jeremy Donath • Curtis Pullen • Braxton N. and Abra Pulley • Lori L. and Patrick M. Quinlin • Donna Quinn-Horan • Steve M. 

Rampanelli • Holly and Daniel Randolph • Katherine Rao • Eddie Reed and Beverly Grant Reed • Roni K. and Jason Reever • Janet Reid 

and Duncan Smith • Michelle Reinhardt • Janet and Randy Reiter • Michael Reppert • Ryan Richards • Peni Wilson Roberts • Dov J. 

Robinson • Wendy C. and Alan R. Roedell • Cynthia and Lawrence Roosa • Debra J. Rosen • Jill A. Rossiter and Dennis R. Lamport • 

Laura J. Ross • Soumya Routray • Ann P. and James E. Rowell • Dr. J.R. Russell • Ranta L. Russell • Laura and Greg Rutherford • 

Edward A. and Donna L. Samano • Paula K. Sampson • Elisa Sanchez • Julianne and Michael F. Sarcone • Satsop Dollars for Scholars 

Foundation • David C. and Dara Saunders • Jim Schaper • Amy L. Scheiden • Darwin Schmig • Debbie K. and G. Scholz • Nancy 

Schram • Julie D. and Robert A. Schriber • Alison D. Schroeppel • Brian Scott • Carey Seger • Serving The World, LLC • Susan P. and 

Barry E. Shanley • Virginia Fitz and Dr. John R. Shea, III • Martha J. Sherick and Sheldon S. Shen • Stefanie Shively • Marcia K. Short 

• Ronald J. Shortenhaus • Charles B. Simpson • Betty A. and Robert D. Skidmore • Joan Slebos • Laura L. Smith • Thomas and Jan 

Snyder • Ellen J. Sollitto • John Solting • South Gibson Dollars for Scholars • Marillyn E. Spears • April L. Spivey • St. Dunstan Catholic 

School • Linda R. and Neil Stangel • Donna and Alan Stanley • Ann and Robert M. Steiner, Jr. • Peggy Stenzel • Rina and Jochanan 

Stier • Eugene and Norma Struckhoff • Student Government Association, Inc. • Janet M. and Kermit R. Swanson • Lynne Swanson • 

Calvin Tang • Halley E. Tarr • Sue Tempero • Stanley L. and Elizabeth Tetrault • Susan M. and Grant M. Tharp • The Populous Magazine 

• Jodi Thieman-Derrick • Donna L. Toombs • Susan and Steve T. Trautman • Noelle Trevillyan and Tom Zmolek • Corrine and Walter Trzyna 

• Barbara G. Turner • University of Nebraska • University of South Dakota • United Parcel Service • The UPS Foundation • Roger and 

Nancy Utman • Maureen Vacca • Kathleen S. Van Eerden • Alwyn Van Jaarsveld • Marcia and Paul Vario • Cheryl VonMirbach • Jeffrey 

N. and Ilyse Waldman • Mary Walsh • Michaelene Walsh and David Paul West • Sherrie Warner • Washington Mutual Foundation • Mike 

Wasserman • Priscilla A. and John D. Watkins • Joan D. and John W. Watt • Welty Enterprises, Inc. • Diane M. Wempen • David Willeumier 

• William Woods University • Anna and Roger Williams • Doris M. Williams • Douglas C. Williams • Daphne and Thomas Willwerth • 

Barbara S. Windt • Dana C. and Helen W. Winslow • Betty Sue and Leo H. Wolf • Janette A. and Todd J. Wolfe • Jeanette R. Woods • 

Jani J. and Gary B. Wren • Katherine Ann Wright • Kevin Yeager • Diane L. Yetter • Wayne J. Zahner • Lynne P. and Arthur A. Zervas • 

Regina and Rob Zlomke • Kevin J. Zollman 

Note: This list is accurate to the best of our knowledge for donations received between July 1, 2006 and June 30, 2007. 

If you believe we have reported in error, please contact us immediately at 800-279-2083 and ask for the Advancement department. 


INDIANA: HOOSIER HEROES PROJECT 

On May 10, Indiana Dollars for Scholars awarded ten students 

with $2,000 postsecondary scholarships as part of the essay 

competition, Hoosier Heroes. The goal of the essay is to identify 

an Indiana citizen who has made significant contributions to 

society and who serves as a role model and inspirational figure 

to youth. In addition to providing each student essay winner 

with a scholarship, each student’s hero also received a $2,000 

scholarship, which they in turn designated to an Indiana high 

school of their choice. 

DONORS 

AGRICULTURE CATEGORY WINNER 

ANDREW CLARK WITH HIS HOOSIER 

HERO JOE PLUMER, A FARMER AND 

ANDREW’S GRANDFATHER. 

MEDICINE & HEALTH CATEGORY 

WINNER KATIE HANDS WITH SHAUN 

MATTSON, HER HOOSIER HERO 

DIAGNOSED WITH EMERY-DRIEFUSS 

MUSCULAR DYSTROPHY. SHAUN HAS 

INSPIRED KATIE TO PURSUE A 

CAREER IN OCCUPATIONAL THERAPY, 

SPECIALIZING IN PEDIATRICS. 

25 



2007 ANNUAL REPORT

For Maude and 

Phil Ackerman 

Mrs. Eleanor S. and 

Dr. Michael Fronstin 

For Mr. Ibrahim Alhusseini 

Mr. Henrik Antanesian 

Mr. Michael Breidegam 

Ms. Kristin Doyka 

Mr. Kenneth B. and 

Ms. Teri Hertz 

For Danielle Anderson 

Mrs. Elizabeth and 

Mr. Clark Becker 

For Paul and 

Lauralee Arundel 

Ms. Janet Arundel 

For Gail Baylin 



For Patrick Bennett 

and Family 

Ms. Beth Bennett 

For Mr. Lester Bolstein 

Mr. A. Richard Bolstein 

For Harold Brownman 

Ms. Debra J. Rosen 

For Mr. Howard Carlson 

Mr. F. D. 

For Rodney Cole 



For Kevin Comeau 

Mrs. Karenmary Penn 

For Jason Faisca 

Ms. Anita Tekchandani 

For The Franey Family 

Mr. Daniel M. Triandiflou 

For Bis Feldmann 

Mr. Robert and 

Mrs. Nancy Whitacre 

26 





HONORARY GIFTS 

*Deceased 

SOME OF THE 700 WALKERS AT 

THIS YEARS GOVERNOR’S CUP 

RACE AND WALK FOR 

IOWA DOLLARS FOR SCHOLARS. 

SPONSORS POSE WITH CHRISTIE 

VILSACK (FIRST LADY), DRAKE 

UNIVERSITY’S BULLDOG SPIKE, 

BGM’S BEAR, AND THE GRAND 

VIEW COLLEGE VIKING. 

(SPONSORS LISTED AT THE RIGHT) 

For Lora Fleming, 

MD, PhD, MPH, MS 

Ms. Linda R. Lebovic 

For Douglas Fore 

Ms. Anne S. Garrelts 

For Dr. Irving A. and 

Mrs. Charlotte Fradkin 

Mr. Lester A. Kretman 

Mr. Philip J. and 

Mrs. Irmhild G. Webster 

Mrs. Summer L. and 

Ms. Joan Fishbein 

Mr. Sidney S. Werlin 

For Michael Francis 

Ms. Sara Gordon 

For Eleanor S. Fronstin 

Mrs. Phyllis R. McGrath 

and Mr. Patrick Sheehan 

For Dr. Michael and 

Mrs. Eleanor S. Fronstin 



For Mr. and Mrs. Bob Gibson 



For Julian Givens 

Mr. Wayne J. Zahner 

For Eugene B. and 

Marilyn Glick 

Mrs. Alice and 

Mr. Andrew Meshbane 

For Mrs. Marilyn Glick 

Mrs. Alice and 

Mr. Andrew Meshbane 

For Karen and Russ Grove 

Ms. Jean Taylor 

For Mr. and 

Mrs. Stephan Hilcoff 



For Stephen Hong 

Mrs. Jennifer and 

Mr. John M. Collins 

Mrs. Kimberly and 

Mr. Mark Ferris 

Mrs. Ivy Hong 

Mr. Neil S. and 

Mrs. Tamina Lacheur 

Mr. Scott Llewellyn 

Ms. Jessica Prusznowski 

and Mr. Jeremy Donath 

Ms. Janet Reid and 

Mr. Duncan Smith 

For Jhans Family 

Ms. Raj Jhans 

For Krista M. Johnson 

The Capital Group Companies 

Charitable Foundation 

For Mr. and Mrs. Shelly Katz 



For Bryan and Belinda Kim 

Mrs. Sharon Theoharous 

For Mr. and 

Mrs. Ellison Kupperman 



For Rueben and 

Jane Liebowitz 

Mr. Ethan Leibowitz 

For Donald Lippert 

Mr. Jim Schaper 

For Stu and Amy Macaleer 

Mrs. Pamela A. and 

Mr. Brad Macaleer 

For Lee Marks 



For Darrell and 

Linda McCune 

Mr. Tim McCune 


For Phyllis R. McGrath 

and Patrick Sheehan 



For Kim Motta 

Mr. Rick Trautner 

For Frederick Nislow 



For Ashok Patel 

Mr. Viraj Patel 

For Chuck Pembelton 

Ms. Katherine A. Rao 

For Mike Pollack 



For Dr. Alan and 

Mrs. Harriet Portnoy 



For Todd Reppert 

Mr. Michael Reppert 

For Marcia Rothschild 



For Mr. James J. Russo and 

Mr. Lee Pickett 

Mrs. Julie Russo and 

Dr. Don Dingledine 

For Michael Schechter 

Ms. Edna Auerbach 

For Marc Schmittlein 

Traveler's Select Sales Group 

For Pat Sheehan 



For Wilma Spence 

Mr. Eric W. Brewer 

IOWA: GOVERNOR’S CUP RACE & WALK 

The Governor’s Cup Race and Walk for Dollars for Scholars 

event attracted 700 walkers and runners and raised an estimated 

$70,000 in scholarships for Iowa Dollars for Scholars chapters. 

The event brought awareness of the need for financial support to 

help students realize their dream of going to college. A total of 16 

Iowa institutions of higher education donated $21,000 in 

incentive scholarships, which were awarded to participating 

chapters at the event’s finale. This was up from $15,000 donated 

by colleges and universities in 2005, and $7,000 in 2004. 

SPONSORS PICTURED ARE, FROM LEFT, TERRY LILLIS, PRINCIPAL FINANCIAL GROUP; 

STEVE MCCULLOUGH, IOWA STUDENT LOAN LIQUIDITY CORPORATION/COLLEGE PLANNING CENTER; 

ALAN HUISINGA, EMC NATIONAL LIFE COMPANY; AND SUJA JACOB, MEDIACOM.

HONORARY GIFTS continued 

For Sybilann Williams 

Soumya Routray 

For Matthew P. Winslow 

Mr. Dana C. and 

Ms. Helen W. Winslow 

For Aurora Wood 

Mr. Paul D. Wagner, Jr. 

For Mr. and 

Mrs. Carl Young 



For Dottie Young 



For Joe and Maureen Volpi 

Ms. Sharon D. Hale 

MEMORIAL 

GIFTS 

For Lori Chess 

Mr. Cameron Gardella 

ForGwendolyn Randall Cross 

Mr. George H. Cross 

For Rohit S. Desai 

Mrs. Priti R. Desai 

For Martin Heiss 



For Mrs. Barbara B. Hinchey 

The Bruyette Family 

Foundation, Inc. 

Mrs. Marlys C. Johnson 

Mrs. Susan H. and 

Mr. James A. Schmicker 

For Phebe Margaret Hoff 

Ms. Diane Young 

For Thomas Hunter 

Mrs. Marquita S. and 

Mr. Cecil McLean 

For Robert F. Jackson, Sr. 

Mr. Kenneth L. and 

Mrs. Rita Jackson 

For Evelyn Kaplan 





For Linda L. Klinger 

Mr. John and 

Ms. Sondra Carver 

Mrs. June Gotaas-White 

and Mr. Michael L. White 

Mrs. Melinda G. and 

Mr. Alan D. Huisinga 

Mr. Kevin and 

Ms. Linda Koester 

Mrs. Christine M. and 

Mr. Charles H. Korte 

Mr. Terrance M. and 

Ms. Joyce E. Lillis 

Ms. J. C. Miller 

Ms. Judith A. Pierick 

Mrs. Debbie K. and 

Mr. G. Scholz 

South Winneshiek 


Mr. Barry G. Waugh and 

Mrs. Kara McWhirter Waugh 

For John Buxton Lawson 

Ms. Martha R. Childs 

Mr. Philip B. Dee, Jr. 

Mr. Charles E. DeWitt 

Mr. Peter Freck 

Mr. Patrick Hewes 

Mrs. Leonida and 

Mr. Richard J. Ivanetich 

Mr. David C. Lawson Family 

Ms. Bonneviere C. Lyle 

Mr. Lee Minichiello 

Mr. Venice L.V. Molivadas 

Mr. and Mrs. 

Thomas D. Nurmi 

Mrs. Joyce and 

Mr. Ken Osthus 

Ms. Katherine F. Paddon 

Mrs. Virginia Fitz and 

D r. John R. Shea, III 

Mrs. Judith N. and 

Mr. Clifford Spanierman 

Ms. Diane Young 

For Martin Nagel 

Mr. Andrew Nagel 

For Gail P. 

Ms. Shannah R. Gillespie 

For Joyce McKay Roach 

Mr. Dallas Christopher 

For Charles and 

Sydney Scher 



For Michael Patrick Sylvester 

Mrs. Ami and Maddy Sasson 

Mr. William Schoeffel 

Ms. Laura A. Sylvester 

For Mary E. Walters 

Ms. Lois Akins 

For John A. Wedum 

Wells Fargo Corporation 

For Mary Schuck 

Mr. Daniel Nash 

For Shirley Schultz 

Mr. Robert D. and 

Ms. Jane J. Gelle 

Mrs. Ardith L. Peterson 

MORTARBOARD SOCIETY MEMBERS *Deceased 

The Mortarboard Society honors friends who have established planned gifs for the benefit of Scholarship America and/or it’s programs. 

Anonymous • *Donald C. Anderson • Shirli M. Billings • Bertha M. Boyum • Dr. Bruce and Anne Braciszewski • Lloyd L. and Lois M. 

Brandt • Mark and Carolyn Brown • Paul A. Dumdei • Donald Elg • Lorraine E. Elg • Rick Ernst • Dr. Irving A. and Charlotte Fradkin 

• *Barbara T. Graver • Joanne Gray • Harold J. and Agatha L. Hebl • Carolyn L. and Ken K. Heile • *Peter J. Hengel • Joseph M. and 

*Barbara B. Hinchey • Neal H. and Linda K. Hooberman • *Leslie Hubbard • Frank J. and Kathleen S. Huszar • *Norma Johnson • Dorothy 

A. and Gordon Kopischke • Barbara M. Kuzdzol • *Lois M. Larson • Edward M. Lee, Esq. • June Lees • Greg Macri, Jr. • *Frieda and 

*Archie Malcomson • Kay M. Marquet • Phyllis R. McGrath and Patrick Sheehan • Nancy R. Caldwell Mead • Betty Millward • *Howard 

A. Moreen • *Frank E. and *Betty Jo Morin • William C. and Margaret R. Nelsen • Jan and Yvonne Petersen • J. Steven Putnam and Joan 

Gimlin • Peni Wilson Roberts • Joseph and Marianna Roiger • Nick and Karen Schmit • Ralph H. Seifert • Donald U. Smith, III and H. 

Hetherington Smith • *William R. and *Gertrude M. Spaulding • Curtis V. and Carol Trygstad • Kris Vogel • Fred and Nancy Vogel • Barbara 

A. Vogelsang • *Dexter H. Witherell 


NORTHWEST: LIGHT THE FIRE 

In May 2007, the Northwest Dollars for Scholars hosted Light 

the Fire, their primary fundraising event of the year. The dinner 

recognized the efforts of local Dollars for Scholars chapters, and 

this year raised over $28,000 to help create and expand the 

availability of private-sector scholarships and college planning 

assistance. Participants enjoyed wonderful food, networking, 

and a lively and inspiring address from President Stanley about 

his passion and commitment to higher education. 

CLIFF STANLEY –PRESIDENT & CEO 

OF SCHOLARSHIP AMERICA, 

RICK MILLERICK – NWDS 

EXECUTIVE DIRECTOR, MARTY 

DANIELS – NWDS BOARD CHAIR 

NWDS BOARD & STAFF WITH 

SCHOLARSHIP AMERICA PRESIDENT, 

CLIFF STANLEY 

27 



2007 ANNUAL REPORT

28 




LEADERSHIP TEAM 

President & CEO 

Dr. Clifford L. Stanley 

(800) 279-2083 

Chief Operating Officer/Chief Information Officer 

Martin J. Moderi 

(800) 537-4180 

Senior Vice President, Programs 

Donald Lassere 

(800) 537-4180 

Vice President, Advancement 

Mark Bates 

(800) 279-2083 

Vice President, Strategic Alliances 

Marian V. Marchese 

(215) 459-6085 

Controller 

Anne Cheney 

(800) 537-4180 

Assistant Vice President, Communications 

Janine Fugate 

(800) 279-2083 

Director, Human Resources 

Marilee Hedberg 

(800) 279-2083 

Annual Report Project Team: 

Janine Fugate, Matt Konrad and Michelle Matthews 

WWW.SCHOLARSHIPAMERICA.ORG 

FOR MORE INFORMATION ABOUT: 

Starting a scholarship or educational assistance program at your 

company, call Scholarship Management Services at (800) 537-4180. 

Organizing a Dollars for Scholars chapter, call (800) 537-4180, ext.490. 

Starting a ScholarShop in your community, call (800) 537-4180, ext.656. 

Sponsorship opportunities, call (800) 279-2083. 

Making a donation, call (800) 279-2083. 

See complete financial statements at www.scholarshipamerica.org. 

Scholarship America is a 501(c)(3) charitable organization.

THE PROGRAMS OF SCHOLARSHIP AMERICA HAVE HELPED 

A SIGNIFICANT NUMBER OF STUDENTS ACHIEVE THEIR DREAMS. 

UNFORTUNATELY, THE COST OF POSTSECONDARY EDUCATION IS 

RAPIDLY OUTPACING THE INCREASE IN AVERAGE FAMILY INCOME. 

SCHOLARSHIP AMERICA IS COMMITTED TO 

DEVELOPING ADDITIONAL RELEVANT, 

MEANINGFUL SCHOLARSHIP AND 

EDUCATIONAL ACCESS OPPORTUNITIES TO 

MORE COMMUNITIES ACROSS THE COUNTRY. 

OUR MISSION TO MAKE POSTSECONDARY EDUCATION POSSIBLE 

FOR ALL STUDENTS IS CRITICAL TO THE STRENGTH OF 

OUR NATION’S DEMOCRACY AND ECONOMY.

4960 Viking Drive, Suite 110 l Edina, MN 55435 

800.537.4180 

www.scholarshipamerica.org 

I

Past. Present. Future. - Scholarship America

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