OSAC is unique in the nation for its public-private partnership for scholarship administration. OSAC prides itself on objectivity and integrity in following the donor's intent to reach qualified students planning to attend a public, private, nonprofit, or for-profit college. The professional financial stewardship of scholarship dollars is a part of our mission. OSAC currently administers more than 600 privately funded scholarship programs, providing $10 million to more than 3,500 students.
A scholarship can be a tribute, a testament, or a torch to inspire, memorialize, commemorate, or reward. A scholarship is a chance. A scholarship can help fund a dream.
With spiraling college tuition costs, decreasing financial aid dollars, and increasing loan debt, today's students are faced with more hurdles in pursuing their studies than ever. They depend on you to help support their dreams: Oregon citizens, businesses, member associations, organizations, and foundation partners.
Your gift is a lasting legacy for Oregon's future. We are all stakeholders in that legacy. Start a scholarship, contribute to an existing fund, or explore other giving options today.
You can contribute to any one of the 600+ OSAC-administered scholarship funds. OSAC staff will assist you to choose a fund that matches your interests.
Gifts to OSAC scholarship funds are generally tax deductible as charitable contributions. The federal identification number of HECC is: 37-1737848
HECC Refund Policy
All contributions are non-refundable.
HECC Fulfillment Policy
Funds contributed are irrevocable and deposited with the State Treasurer who will transfer them to the Scholarship Fund as specified by the contributor.
HECC Merchant Card Policy
HECC staff is not authorized to enter debit or credit card information into the system. Contributors must originate all financial transactions related to their contributions. HECC’s system does not store or keep any financial information entered into the system.
Within the boundaries of legal requirements, each scholarship at OSAC is unique and crafted specifically according to your goals and interests.
Step 1. Select Type of Scholarship Program
OSAC administers several different types of programs on behalf of donors:
Step 2. Establish Criteria
You will participate in determining your scholarship criteria using a checklist of available options. Criteria may include:
All OSAC scholarships must provide the option for students to use the funds of at least two institutions. Only institutions recognized by the U.S. Department of Education are eligible to participate in Federal Title IV student financial aid programs.
You can determine if a student must attend an Oregon institution or a college outside of Oregon. We can assist in researching eligible schools outside of Oregon.
Step 3. Create a Selection Committee and Review Applications
Your selection committee can be formed by you. The committee is typically comprised of volunteers (educators, donors, individuals with expertise or knowledge in a certain field) who bring their life experience, perspective, and local knowledge to the selection process. The committee members use the specific scholarship criteria to award the scholarship and use good judgment in assessing the character, motivation, and potential of all applicants.
Selection Committees must:
Step 4. Award Scholarships
The hard work is done. Now it's time to award the deserving student(s) selected to receive your scholarship. OSAC will contact the selected student by email, confirm the award with the student(s), and trigger notifications to the college financial aid offices to mandate that funds are used for educational purposes. OSAC will receive information from the student's school and work directly with the school's financial aid offices regarding payment. OSAC will administer the program for the life of the scholarship and allow you to leave the paperwork, oversight, and details to us.
Step 5. Submit Payment/Contribution for Your New Scholarship
Once your scholarship program is established and the Scholarship Program Agreement forms are signed and returned to OSAC, you will receive an invoice for payment toward your scholarship award(s). OSAC will send you an invoice, if applicable, for the balance owed prior to the fall term/semester disbursement of your award to the scholarship recipient's college financial aid office.
You may contribute to your scholarship programs at any time. Contributions to OCF programs should be sent directly to OCF.
OSAC will work closely with you to ensure that your funds are used to open doors for Oregon students. Options beyond the contribution of actual dollars for scholarships include:
Employer-sponsored Scholarship Programs offer scholarship awards specifically to employees or dependents of eligible employees. Benefits of employer-sponsored programs include:
Business sponsors say the intangible benefits of scholarship funding through OSAC are often the most rewarding:
These programs must adhere to IRS guidelines for employee-related programs as outlined in the Employer-Sponsored Scholarship Program Fact Sheet. To ensure adherence to IRS guidelines, employers are required to be certified by OSAC through the completion of an Annual Certification Request form (PDF).
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