all students. for Thank you for helping us and the students who benefit from our programs focus on the finish line. Our mission

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Sabina Gordon
5 years ago
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1 2013 Aual Rpor

Suds ar a h cr of vryhg w do. Suds of all walks of lf, backgrouds, ags ad xprcs whhr hy ar pursug crfca programs or sudyg a a 2-yar or 4-yar collg or uvrsy.

w Tha s why Scholarshp Amrca s focusd o h fsh l dgr or crfca complo, o jus accss. Ad w hav a ambous goal o hlp 750,000 suds compl hr ducao by 2025 wh a maagabl lvl of db.

Scholarshp Amrca has mad dramac chags h hr yars sc mbarkg o hs goal, ad las yar was o xcpo.

2 Suds ar a h cr of vryhg w do. Suds of all walks of lf, backgrouds, ags ad xprcs whhr hy ar pursug crfca programs or sudyg a a 2-yar or 4-yar collg or uvrsy. Uforualy, oo may suds ar droppg ou of collg, swmmg db, lavg hs ao a crss of oo fw popl prpard o fll h jobs of h fuur. s d u S h a ar r of c g h y r v do. w Tha s why Scholarshp Amrca s focusd o h fsh l dgr or crfca complo, o jus accss. Ad w hav a ambous goal o hlp 750,000 suds compl hr ducao by 2025 wh a maagabl lvl of db. W blv ha f w ca hlp suds rcv a magful lvl of facal suppor hroughou hr ducaoal xprc, o jus h frs yar, w ca drv up h umbr of suds who compl. Ad wh ha happs, vrybody ws. Scholarshp Amrca has mad dramac chags h hr yars sc mbarkg o hs goal, ad las yar was o xcpo. Hr ar a fw hghlghs: W ar h fal mohs of a mul-yar rollou of sadards ad rqurms of all of our Dollars for Scholars afflas ha surs commo amg, bradg, wbss ad fuur sadardzd rporg of h mpac hy ar havg o hr commus. W goad a agrm wh Faswb, h largs scholarshp sarch g, o auomacally mach our rgsrd suds wh scholarshp opporus. W acqurd ACT s Scholarshp Rcogo Srvcs dvso, xpadg h rach of SMS, our socal rprs for maagg scholarshps, growg rvu ad crasg h umbr of suds w asss ach yar. Our msso Focusg o wha s mpora o suds ad h ao has ld us, oc aga, o mprssv rsuls: Las yar ( ), Scholarshp Amrca dsrbud 102,000 awards o suds oalg $202 mllo. Sc w wr foudd by Dr. Fradk 1958, ha s mor ha $3.1 bllo scholarshps ad ducaoal asssac dsrbud o 2 mllo suds hrough Scholarshp Amrca programs. : To moblz hrough sch Amrca ad ducao olarshps o mak pos al suppor s succss poss codary bl all suds. for Tabl of Cos Lr from h Prsd Faur Sud Sory Thak you for hlpg us ad h suds who bf from our programs focus o h fsh l. Scrly, Sa of h Nao Scholarshp Amrca Impac Laur A. Sgal, Prsd & CEO Doors Facals Excuv Tam & Board of Truss focus o h fsh l 2013 aual rpor 2

Truog rld o h grosy of sragrs hr w commuy of Bllgham, Washgo ad afr Haah was bor, hy rld o hr daughr o rascrb h ufamlar laguag for hm.

3 From h sa I was bor, was my mohr s goal o sd m o collg, Haah sad. I was always hr. Haah Truog focusg o Haah Truog kw h mporac of hlpg ohrs from a vry youg ag. Oly wo dcads ago, Haah s pars fld commus prscuo ad jod housads of ohr Vams rfugs h Ud Sas followg h d of h Vam War. Wh fw rsourcs ad o udrsadg of Eglsh, Mr. ad Mrs. Truog rld o h grosy of sragrs hr w commuy of Bllgham, Washgo ad afr Haah was bor, hy rld o hr daughr o rascrb h ufamlar laguag for hm. A docor ad ds appoms ad vss o h socal scury offc, Haah was always by hr sd playg h rol of raslaor for hr pars, ad hlpg hm udrsad problms ad suaos sh was oo youg o udrsad hrslf. I was a vry dffcul raso for hm, Haah sad, as sh rcalld hos arly yars of asssg hr pars. Thy rcvd a lo of suppor from Eglsh laguag programs, ad sposors who hlpd hm g adjusd o h Ud Sas, bu afr h frs coupl of mohs hr, hy wr o hr ow. Thy wr forcd o g usd o lvg a world whr hy wr ousdrs. Ad for m growg up, I sruggld wh hm as I lard my dy as a Amrca ad fgurd ou how I would hlp hm pursu h Amrca Dram. Bcaus of h war, hr of Haah s pars go h chac o go o collg, hough Haah s maral gradfahr was oc a prom saor Vam. For as far back as sh ca rmmbr, Haah kw ha sh ad hr ssr wr xpcd o do wll school ad ad collg, so hy could achv h dram ha hr pars vr go h chac o pursu. From h sa I was bor, was my mohr s goal o sd m o collg, Haah sad. I was always hr. How sh would pay for collg was aohr sory. Though Mr. ad Mrs. Truog old Haah ha hy would do vryhg hy could o suppor Haah facally, hr rsourcs wr lmd, ad was up o Haah o do hr bs school so sh could o day rcv scholarshps o pay for uo. hr fuur worry fr Th maury ha Haah garrd from asssg hr pars susad hr hroughou hr ag yars, ad sh soo ralzd ha sh could ak h sklls sh gad ad rasfr hm o hlpg h largr commuy of Bllgham. Haah bga o volur a a ourach cr for h homlss, whr sh hlpd fd smpl rsourcs lk a ak of gas or a plac o slp for dvduals who of had ohg mor ha wha hy could carry wh hm, o ulk hr pars wh hy arrvd h Ud Sas oly a fw yars pror. Whl I was volurg a h ourach cr, I of hough, Ths was my pars oc. Thy wr facg a coury whr hy had ohg, ad rld o ohrs o hlp hm. Ths was my way of gvg back for hm, sh sad. Payg forward pad off for Haah. Afr ukowgly bg omad by hr local Dollars for Scholars affla, Haah rcvd h xcg ws ha sh was h rcp of h 2013 Naoal Dollars for Scholars Sud Volur of h Yar Award from Scholarshp Amrca. Wh h $1,000 rwabl scholarshp also cam h opporuy o appar o Ka Courc s daym lvso show. Haah appard alogsd Scholarshp Amrca s foudr, Dr. Irvg Fradk, a faur ha ard Ocobr 28, I was such a hug hoor o oly gg h scholarshp, bu also gg h opporuy o go ou o Nw York for a day ad rprs Scholarshp Amrca o Ka, Haah sad. Ths scholarshp ad h ohrs I rcvd ma ha I hav a ll b lss o b afrad of facally. Collg s a gra advur, ad wh my scholarshps, I ca fully xplor hs w world ha I v rd ad ddca myslf o fdg w passos whou havg o worry abou moy. Haah s a frshma a Yal Uvrsy ad s cosdrg a carr mdc. Sh cous o volur hr w commuy of Nw Hav, Coccu. 3 focus o h fsh l 2013 aual rpor 4

4 Th Sa of Hghr Educao h Ud Sas Facg, Db, Dgr Aam & Job Prospcs How Amrcas Pay for Collg Par Icom & Savgs 9% Rlavs & Frds 4% Par Borrowg Sud Db $ 790 BILLION 28% $ 879 BILLION Sud Borrowg 18% 29% Gras & Scholarshps Th cumulav sud loa db sood a $1 rllo 2013, xcdg boh oal crd card db ad auo loa db. Amrcas Blfs Abou Hghr Educao 97% 75 % 39 % TUITION & FEES AT COMMUNITY COLLEGE 12% 71% Sud Icom & Savgs $ 1 TRILLION TUITION & FEES AT PUBLIC UNIVERSITIES blv ducao byod hgh school s mpora do blv ha ducao s affordabl for all who d had a pla o pay for bfor rollg As sa suppor for hghr ducao has SHRUNK suds ad pars ar payg much MORE! Two-hrds of suds who ard bachlor s dgrs 2011 graduad wh db. Tuo & Fs 116 % avrag db pr sud borrowr $26,600 Dgr Aam 30% of wo-yar collg sud compl hr programs hr yars 56% of publc four-yar collg suds compl wh sx yars If you do fsh by h, chacs ar you vr wll! Job Prospcs By 3 MILLION <<<<< OPEN HERE TO SEE HOW Scholarshp Amrca hlps suds. 2018, h U.S. wll b 3 mllo dgrs shor o fll projcd workforc ds. By 2018, 40% of jobs wll b low-skll, low-wag. 60% wll rqur posscodary crdals accompad by hghr wags ad bfs. #1 raso suds gv for lavg school: Thy had o work & go o school a h sam m. Bachlor s dgr aam ras mprov wh scholarshps ad gras cras o covr a grar shar of collg coss for low-com ad mddl-com suds. Th rcsso wpd ou 5.6 mllo jobs ha dd rqur posscodary crdals, whl smulaously addg 200,000 jobs ha do rqur hghr crdals. Pos-rcsso, wo mllo mor jobs rqurg a bachlor s dgr or hghr wr addd. I 2009, workrs wh bachlor s dgrs ard 84% mor ovr a lfm ha hgh school graduas Th AVERAGE EARNINGS of a bachlor s dgr holdr ar arly TWICE AS MUCH as hos of a workr wh oly a hgh school dploma. 5 Sourcs lsd o pag MILLION JOBS 40% 60%

& lookg ahad gvg back ha oal a c u d & s p scholarsh has b asssac a h r o m o dsrbud s mor, 8 5 9 1 E C SIN o l l b 1.

H was dagosd wh Asprgr sydrom, ad hs dffculs cocg socally ad mooally wh prs ma ha h was bulld frquly ad badly. I rd o sad up for myslf, Na sad of hos rough yars.

Wh h school s suppor, Na s acvs ook off from mah club o Spcal Olympcs o volurg mor ha 2,000 hours a hs local food pary. Hs acadmc drv pad off, oo: h graduad valdcora of hs class.

Thaks o h Scholarshp Amrca Dollars for Scholars Commuy Volur Srvc Award, Na s currly adg h Uvrsy of Evasvll.

ud s o l l 2m arshp chol hrough S grams. o r p a c r Am 7 focus o h fsh l 2013 aual rpor Hw Paula La Cross, WI Nw York Cy, NY El Paso, TX A ragc car accd lf Kar a wdow wh wo chldr o car for.

Popl always say food, shlr ad clohg ar h basc huma rghs. Bu w vr rally hk of halh car as a basc huma rgh, Hw sad abou hs movaos provdg halh car accss o udrprvlgd ghborhoods.

I s also o sh hard from hr ow achrs ad coachs a a val m hr lf.

5 & lookg ahad gvg back ha oal a c u d & s p scholarsh has b asssac a h r o m o dsrbud s mor, E C SIN o l l b 1. $3 Buk Uvrsy of Calfora Saa Barbara Class of 2017 Uvrsy of Evasvll Class of 2017 Evasvll, IN Na, by hs ow accou, had a ough chldhood. H was dagosd wh Asprgr sydrom, ad hs dffculs cocg socally ad mooally wh prs ma ha h was bulld frquly ad badly. I rd o sad up for myslf, Na sad of hos rough yars. I was ul hgh school ha h bullyg subsdd haks o h school s saff ad may yars of hrapy ad hard work mprovg socal sklls. Wh h school s suppor, Na s acvs ook off from mah club o Spcal Olympcs o volurg mor ha 2,000 hours a hs local food pary. Hs acadmc drv pad off, oo: h graduad valdcora of hs class. Na s dram s o bcom a compur gr, ad h kw h d d a collg dgr o pursu. H also kw ha scholarshps would b crcal o makg hs acadmc aspraos a raly. Thaks o h Scholarshp Amrca Dollars for Scholars Commuy Volur Srvc Award, Na s currly adg h Uvrsy of Evasvll. As a frs-grao collg sud, h courags fuur suds o ad collg o pursu hr ow drams, cludg hos who may b bulld lk h was. Dfly ry o hag hr, Na sad. A lo of ms, you ll ralz how srog you ar, v wh you do fl lk. ud s o l l 2m arshp chol hrough S grams. o r p a c r Am 7 focus o h fsh l 2013 aual rpor Hw Paula La Cross, WI Nw York Cy, NY El Paso, TX A ragc car accd lf Kar a wdow wh wo chldr o car for. Kowg h valu of havg a collg dgr, ad wag o suppor hr famly for yars o com, sh rolld a occupaoal hrapy asssa program. Takg classs, commug for fld work ad akg car of wo chldr, howvr, provd o b grulg. Popl always say food, shlr ad clohg ar h basc huma rghs. Bu w vr rally hk of halh car as a basc huma rgh, Hw sad abou hs movaos provdg halh car accss o udrprvlgd ghborhoods. Th walls of Paula Pral s 8h grad socal suds class a Easwood Kolls Iraoal Mddl School El Paso ar ld wh posrs oug h mporac of workg hard ad gog o collg, a mssag Paula blvs s ssal. I s also o sh hard from hr ow achrs ad coachs a a val m hr lf. Wsr Tchcal Collg Class of 2013 Saa Barbara, CA Na Kar Sacrfc, smply pu, s h bass of my famly, Buk sad hr wg applcao for h Scholarshp Amrca Dollars for Scholars Commuy Volur Srvc Award. Buk s pars mgrad from Ngra o h U.S. kowg h valu of ducao for fuur succss. Wachg hr fahr work wo jobs ad hr mohr corbu log hours a work ad hom, Buk lard h mporac of prsvrac o rach hr goals. Sh workd hr par-m jobs hgh school o hlp hr famly facally, whl sayg acadmcally sharp ad volvd hr commuy ad church. Oc Buk rd collg, sh would b h yougs of four ssrs rolld a posscodary program a h sam m. Whou hlp, was jus mpossbl, sh sad wh hkg abou how o pay for collg. Thaks o h scholarshp from Scholarshp Amrca, Buk was abl o ad h collg of hr choc. Ad wh h sar of hr posscodary ducao, hr passo for HIV/AIDS mdcao rsarch ca b fully ralzd. If you wa a br lf, sh sad, collg wll provd ha. Tha s whr hr school s parrshp wh Scholarshp Amrca Dramkprs sppd. Kar appld for ad rcvd a gra hrough Dramkprs ha hlpd covr h cos of gas, grocrs ad uly blls. Th asssac hlpd Kar say school succssfully: sh compld hr program ad was offrd a full-m poso as a occupaoal hrapy asssa. Orgal rporg by Commuy Collg Tms; phoo coursy of Wsr Tchcal Collg Nw York Uvrsy Classs of 2014 ad 2015 Uvrsy of Txas, El Paso Class of 2012 Growg up a workg class ghborhood, h mags of povry ad homlssss suck wh hm, ad h kw a ducao would b val o combag h dspar h saw. Hw would b h frs hs famly o ad collg, ad, du o h suppor h rcvd from Scholarshp Amrca Dollars for Scholars, was abl o roll a jo bachlor s ad masr s dgr program h flds of uroscc, mdc ad halh polcy. Wh hs ducaoal rsourcs, Hw was abl o pu hs houghs o aco: by h m h fshd hs frshma yar of collg, h had alrady foudd hs ow oprof orgazao, provdg clc srvcs ad halh rag o udrsrvd mmgra commus. Hw s passo for halh car accss ld hm o vaos o spak Cogrss, ad h was amd a Top 5 No-Prof Excuv NYC As a youg CEO, fuur docor ad publc halh advoca, Hw has lad h groudwork o gv back o hs commuy for yars o com. Mddl school was dffcul for Paula, bu ohrs saw hr a ormous poal, ad couragd Paula o do wll school so sh could go o collg. Paula s pars, who wr forcd o pu collg o hold wh Paula was bor, also srssd h mporac of a collg ducao. Bu was udrsood ha hy could fully covr h cos of uo for Paula. Rcvg h AT&T/CWA/IBEW Acadmc Awards Program scholarshp, maagd by Scholarshp Maagm Srvcs, provdd Paula wh a ormous ss of rlf. Your ac of grosy has hlpd o mak my pursu of a dgr ha much asr, sad Paula. Du o your suppor I wll b abl o hlp spr my suds o achv hr drams, jus as you hav hlpd m. $202,000,000 scholarshps & ducaoal asssac was dsrbud o 102,100 suds hrough Scholarshp Amrca programs FY2013 Dollars for Scholars Mor ha 800 locally basd, volur-drv chaprs hlp homow suds achv ducaoal succss by rasg scholarshp fuds, sablshg dowms, provdg asssac wh collg radss ad h facal ad procss, ad dsrbug scholarshps. Collga Parrs 34,514 suds rcvd $35.6 mllo scholarshps $1,032 was h avrag scholarshp award $59.1 mllo was rasd by chaprs 2,600 commus ar srvd 37 sas ad h Dsrc of Columba 10,000 volurs suppor 830 chaprs Ths posscodary suos srch h scholarshp dollars dsrbud by Scholarshp Amrca programs, by assurg ha hy ar usd o fll um sud d or rduc h slfhlp poro (loa, work sudy, c.) of h sud s facal ad packag. 423 Collga Parrs 33,446 Scholarshp Amrca scholarshp rcps brough $57.4 mllo scholarshp fuds o Collga Parr suos FY13 Scholarshp Maagm Srvcs SMS, Scholarshp Amrca s socal rprs dvso, provds a flxbl dsg ad admsrav procss o asss corporaos, foudaos ad dvduals maagg ad dvlopg hr scholarshp ad ducao asssac programs. 65,028 suds rcvd $165.2 mllo scholarshps ad ducao asssac* $2,701 was h avrag scholarshp award 377,769 applcaos wr procssd for 1,301 programs *cluds Famls of Frdom Awards, brok ou o h rgh Famls of Frdom Scholarshp Fud Famls of Frdom provds pos-hgh school ducao fudg o facally dy dpds of hos klld or dsabld h 9/11 aacks ad rscu ffors. 779 suds rcvd $11.1 mllo scholarshp asssac FY13 2,187 suds hav rcvd $86.7 mllo scholarshp asssac sc 2002 Dramkprs Dramkprs s dsgd o hlp suds avod droppg ou of collg wh facd wh a ufors facal dffculy. 41 collgs h Dramkprs work $430 avrag sud gra $1.1 mllo facal asssac hlpd 2,517 suds FY13 8

July 2012 Ju 2013 Ladrshp Gvg Crcl socy bfs from hghr ducao Collg-ducad workrs ar MORE lkly o rcv halh surac ad pso bfs, ad hy rpor hghr lvls of job sasfaco. Collg graduas ar MORE lkly o vo ad volur.

Sourcs clud: Amrca Assocao of Commuy Collgs, Why Accss Mars: Th Commuy Collg Sud Body, Polcy Brf 2012-01PBL CEOs for Cs, Th Tal Dvdd Chrocl of Hghr Educao, Collg Complo Projc Collg Board, Trds Collg

Projcos of Jobs ad Educao Rqurms Through 2018, Ju 2010 Luma Foudao, Amrca s Call for Hghr Educao Rdsg, 2012 Naoal Cr for Educao Sascs, Bgg Posscodary Suds Logudal Sudy Publc Agda, Wh Thr Whol Lvs

h Class of 2011 Idvdual Doors Prsd s Crcl ($100,000+) Aoymous (2) Govror s Crcl ($50,000+) Sph B. ad Mary Smh Ambassador s Crcl ($25,000+) Josph M. Hchy, Esq.* Drcor s Crcl ($15,000+) J.

ad Mary Ell Ballard Th Had Famly Charabl Foudao Carol ad Joh J. Laga Ta L H. W. Luro Vc J.

6 July 2012 Ju 2013 Ladrshp Gvg Crcl socy bfs from hghr ducao Collg-ducad workrs ar MORE lkly o rcv halh surac ad pso bfs, ad hy rpor hghr lvls of job sasfaco. Collg graduas ar MORE lkly o vo ad volur. Collg graduas ar LESS lkly o smok or b obs. Collg graduas gra crasd ax rvu for fdral, sa ad local govrms, whch spd LESS o com suppor programs for collg graduas. Sourcs clud: Amrca Assocao of Commuy Collgs, Why Accss Mars: Th Commuy Collg Sud Body, Polcy Brf PBL CEOs for Cs, Th Tal Dvdd Chrocl of Hghr Educao, Collg Complo Projc Collg Board, Trds Collg Prcg 2012 Collg Board Trds Hghr Educao: Educao Pays 2013: Th Bfs of Hghr Educao for Idvduals ad Socy Equfax, Naoal Cosumr Crd Trds Rpor, March 2013 Gorgow Cr for Educao ad h Workforc, Hlp Wad: Projcos of Jobs ad Educao Rqurms Through 2018, Ju 2010 Luma Foudao, Amrca s Call for Hghr Educao Rdsg, 2012 Naoal Cr for Educao Sascs, Bgg Posscodary Suds Logudal Sudy Publc Agda, Wh Thr Whol Lvs Ahad of Thm: Myhs ad Rals Abou Why So May Suds Fal o Fsh Collg, A Rpor for h Bll & Mlda Gas Foudao Sall Ma, How Amrca Pays for Collg, 2012 Sa Hghr Educao Fac Rpor FY 2012 Th Projc o Sud Db, Sud Db ad h Class of 2011 Idvdual Doors Prsd s Crcl ($100,000+) Aoymous (2) Govror s Crcl ($50,000+) Sph B. ad Mary Smh Ambassador s Crcl ($25,000+) Josph M. Hchy, Esq.* Drcor s Crcl ($15,000+) J. Barry ad Mchl Grswll Ré Hch Frd E. Kassr Famly Foudao Rogr C. Lhard* Mchal D. ad Rosmary Rya Vkaasahyam ad Sahaja Yaamadram Ladr s Crcl ($10,000+) Robr C. ad Mary Ell Ballard Th Had Famly Charabl Foudao Carol ad Joh J. Laga Ta L H. W. Luro Vc J. ad Domca Ragusa Rchard Schwab ad Kahr Burford Suza Chapma Wrgh Famly Foudao Educaor s Crcl ($5,000+) Aoymous (6) Joa Brard Mar ad Mary L. Boyr Foudao Grg Dh Judh T. Drak Doald D. Elg All F. Jacobso* Marsha Kl Gorg S. ad Roa L. Lyma Logfld Famly Charabl Fud Kar A. ad Jams A. Mhga Sco ad Mchll Pyr Jams P. Prr Josph D. Rarma Laur Sgal ad Rchard Grgos A Sluha Srog Famly Foudao Thomas E. Trry Joh M. ad Joa F. Thalhmr Famly Charabl Foudao Thomas N. Trkla Susa G. Wbrgr Foudr s Crcl ($1,000+) Aoymous (24) Kh ad Kahr Adlr Judh All ad Augus Frr Da Adrso Sco A. ad Adra B. Aus Jula Baklaar Charabl Trus Mchal ad Ylog Ballado Mark W. ad Ja A. Bas Joa L. Baxr Mary L. ad Joh J. Bck Mchal H. ad Mlsa Brkbl Davd G. Boby Bod Foudao Ic. Th Brad Rvocabl Lvg Trus A L. Chy Sprg Cccarllo Th Clayo Famly Foudao Laura ad Kv Colbak Corlus J. Coakly Famly Foudao, Ic. Mlsa Dg Cadac Dkkr Sam Esposa Draydor Foudao Bjam Druss ad Mchl Fahy Da L. Ebrl Jfr Fdly Tmohy Frso Mark Fshr Vrga Gag Th Glovr Famly Charabl Foudao Joh P. ad Gay N. Grr Crysal Hall Tracy Hampo Myr ad Raa Hammrma Foudao Brya Haks Joh A. ad Ly A. Harrs Mchal ad Lor Harrs Rchard L. Harrs Paul Hllma Foudao Ala ad Trry L. Hrshy Erc Hrsch Florc ad Gordo Hollad Famly Foudao Laura J. Hur K ad Rachl Jacobs Mchal Joh H. Suar ad Mrs. Marlys* Johso Marly J. Johso Ralph B. Jos Arldo ad Evly Jorg Famly Trus Sv ad Trsa Kgsly Trrac L. Kralg Barbara M. Kuzdzol Mm Daly Larso Th Rchard H. ad Aa Q. Law Foudao Bjam Lvy Jffry Lu Kv ad Hahr Luu Phlp J. ad Carol Lyos Grgory J. Macr Krs Mads Kv M. ad Orl Maldr Kay M. Marqu Mal Foudao Edward McCarhy Phylls McGrah ad Parck Shha Dal F. Mlls Susa ad Bow Morrs Jams A. ad Shrly V. Mullga Ala ad Mlda Nay Nordma Foudao, Ic. Jffry Olg Lda Ps Kar ad Mahw Powll Sv ad Joa Puam Chadra Ramamoorhy Laura Rhg Wllam B. ad Sharo K. Rchardso Rhaa Qu Roddy Mchal J. ad Lda Rydr Ruh Saxy Sam Schdr Murl F. ad Joh Schrck Vcora Schwarz Sma Shah Day Shvly Sadra H. Showalr Sv D. ad Malr Sgr Swar Oakly Chary Mch Suar Naha Tabaum Foudao, Ic. Joh ad Ja Trlsky Ia Todd Shar ad Charls Tury Daw Vvash Th Walrs Famly Fud Phlp J. ad Irmhld G. Wbsr Th Jams ad Rayl Wlbor Charabl Fud Sco R. ad Doa Wllamso Woodward Famly Foudao Edowm Fud Jffry Wu Rya ad Dborah P. Wubb 8 focus o h fsh l 2013 aual rpor 9

July 2012 Ju 2013 Morarboard Socy Plad Gvg Crcl Facals Yar Edg Ju 30, 2013 Ladrshp Gvg Crcl Corpora ad Foudao Doors Corpora Prsd s Crcl ($100,000+) Aoymous (2) Bog Lgacy Fud Oo Brmr Foudao C Foudao

7 July 2012 Ju 2013 Morarboard Socy Plad Gvg Crcl Facals Yar Edg Ju 30, 2013 Ladrshp Gvg Crcl Corpora ad Foudao Doors Corpora Prsd s Crcl ($100,000+) Aoymous (2) Bog Lgacy Fud Oo Brmr Foudao C Foudao Gra Laks Hghr Educao Corporao Hrma Mllr Foudao Th Krsg Foudao Corpora Govror s Crcl ($50,000 ) AXA Foudao OffcMax Scosh R Foudao World Joural Corpora Ambassador s Crcl ($25,000+) Capal Group Compas, Ic. MCI Calfora Scholarshp Program USA Fuds Corpora Drcor s Crcl ($15,000+) Josph Drow Foudao Eybobs J.C. Py Corporao Ncor Gas, a subsdary of AGL Rsourcs Thak you! Your gf maks a hug dffrc h lvs of suds. Doald C. Adrso* Wllam G. ad Pamla G. Baly Larry W. ad Kahry P. Brkbglr Shrl M. Bllgs Brha M. Boyum Bruc R. ad A Bracszwsk Lloyd L.* ad Los M. Brad Mark ad Caroly Brow Ruh Cll* Hop A. Cook Paul A. Dumd Doald D. Elg Lorra Elg Rck ad Joa Ers Irvg A. ad Charlo Fradk Barbara T. Gravr* Joa M. Gray Harold J. ad Agaha L. Hbl Caroly L. ad Cyrl K. Hl Pr J. Hgl* Hlmar ad Marsha Hrma Josph M. Hchy, Esq.* Nal H. ad Lda K. Hoobrma Lsl S. Hubbard* Frak J. ad Kahl S. Huszar Frdrck Huchso ad ad Ruh Bshop K G. Jacobs C.A. Gus Johso II, Esq.* H. Suar ad Marlys C. Johso* Norma Johso* Gordo ad Dorohy A. Kopschk Barbara M. Kuzdzol Los M. Larso* Parca ad Edward M. L, Esq.* Ju Ls* Rogr C. Lhard* Grgory J. Macr Arch* ad Frda Malcomso* Kay M. Marqu Phylls McGrah ad Parck Shha Marqua S.* ad Ccl McLa* Nacy R. C. Mad By Mllward Howard A.* ad Polly Mor Frak E.* ad By Jo Mor* Kh R. ad Su Murray Wllam C. ad Margar Nls Mchal O Callagha* Ja E. ad Yvo Prs Sv ad Joa Puam Davd Rvra P W. Robrs Josph ad Maraa Rogr Nck ad Kar Schm Rchard Schwab ad Kahr Burford Ralph H. ad Sadra Sfr Bra J. Smh Doald Smh ad H. Smh Sph B. ad Mary Smh Grrud M.* ad Wllam R. Spauldg* Curs V. ad Carol M. Trygsad Nacy J. Va Dma-Abrhy* Frdrck P. ad Nacy Vogl Barbara A. Voglsag Dxr H. Whrll* Maro P. Woyvodch *Dcasd Spcal haks o our Caus Markg Parr, Iro. W apologz advac for ay rrors h abov ls of Jffrso ad Morarboard Socy mmbrs. Plas coac us a ay m rgardg rrors or qusos abou your gf: All FY doors ar lsd a scholarshpamrca.org/aualrpor2013 Excuv Tam Laur A. Sgal Prsd & CEO Trrac Kralg Chf Iformao Offcr Rck Gr Chf Facal Offcr Mm Daly Larso Sor Vc Prsd, Sragc Markg & Dvlopm Grg Dh Sor Vc Prsd, Scholarshp Amrca, & Gral Maagr, Scholarshp Maagm Srvcs Max Espoza Sor Vc Prsd, Educao Programs & Polcy INCOME Scholarshps 80% $133,195,133 Eard Icom 5% 9,281,082 Corbuos 11% 17,930,795 Ivsm & Ohr 4% 6,118,364 Toal $166,525,374 EXPENSES Scholarshp Awards 93% $151,319,599 Program Srvcs 4% 7,117,537 Admsrao 2% 3,658,952 Fudrasg 1% 1,524,174 Toal $163,620,262 Chag N Asss $2,905,112 Excuv Tam & Board of Truss Board of Truss, Offcrs of h Board Mchal D. Rya, Char of h Board Chf Excuv Offcr MDR Capal Maagm Mm Schrck, Immda Pas Char Char, Aud Comm Tmohy A. Chrss, Scrary Idpd Projc Maagr Chrss No-Prof Cosulg Mchal J. Rydr, Trasurr & Char, Fac ad Ivsm Comm Maagg Drcor Morga Saly Laur A. Sgal, Prsd & CEO Ex offco mmbr of h Board Board of Truss, Mmbrs a Larg Judh All, Char, Govrac Comm Robr C. Ballard Sor Vc Prsd, Accss ad Ourach USA Fuds Durg h fscal yar dg Ju 30, 2013, Scholarshp Amrca s aoal offc rasd $167 mllo ad dsrbud $151 mllo for scholarshps. Th oal dsrbuo of $202 mllo, od lswhr hs rpor, cluds $35.6 mllo dsrbud o suds by our dpd chaprs, as wll as dfrrd awards. Scholarshp Amrca maas a srog facal poso wh asss of $138 mllo ad cash ad vsms oalg $181 mllo. S h compl s of Scholarshp Amrca s 2013 facal sams, audd by KPMG, ad mos rc IRS Form 990 a scholarshpamrca.org/aualrpor2013. J. Barry Grswll, Char, Dvlopm Comm Charma ad CEO (Rrd) Prcpal Facal Group Barbara M. Kuzdzol Hoor Roll Truss Char Pro Tm Jay Morrs, Ph.D., JD Vc Prsd, Educao, & Excuv Drcor, Isu for Excllc Yal Nw Hav Halh Sysm Mark D. Quck Vc Charma (Rrd) Fossl, Ic. Sma R. Shah, Esq. Drcor Iovao & Tchology, Exral Parr Dvlopm Gral Mlls Roxa Spll Prsd Emrus Boys & Grls Clubs of Amrca 10 focus o h fsh l 2013 aual rpor 11

1550 Amrca Boulvard E, Su 155 Mapols, MN 55425 800.279.2083 l www.scholarshpamrca.org Foudd 1958 by Dr.

8 1550 Amrca Boulvard E, Su 155 Mapols, MN l Foudd 1958 by Dr. Irvg facbook.com/scholarshpamrca Scholarshp Amrca s a 501(c)(3) charabl orgazao Scholarshp Amrca. All Rghs Rsrvd.

Questions. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry

Questions. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry. Stock price fluctuation asymmetry Qusos Ivsors Rsk Auds ad Prc Flucuao Asymmry Asa Sock Marks Wha s h sock rc flucuao asymmry? How o dscrb sm-quaavly? How o masur quaavly? Wha causs hs homo? Zhag Yu (Alc Dvso of Ecoomcs, School of Humas