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The purpose of the Eternal Vision Christian College Scholarship Fund is to provide benevolent financial assistance to Christian individuals who enroll as full-time students in a conservative fundamentalist Christian college, who practice good personal study habits and Biblical stewardship, and who have a financial hardship or need.

But continue thou in the things which thou hast learned and hast been assured of, knowing of whom thou hast learned them; And that from a child thou hast known the holy scriptures, which are able to make thee wise unto salvation through faith which is in Christ Jesus.
-II Timothy 3:14-15

Oversight & Accountability

The Officers of Eternal Vision, Inc. working together as a selection committee (Committee), under the oversight of the Board of Directors, shall have responsibility for overseeing the administration of the Eternal Vision Christian College Scholarship Fund (Fund) and the Biblical stewardship of the money held therein. The Committee shall determine who will receive disbursements from the Fund, in what amount, and for what purpose. The Committee shall give regular accounting to the Board of all contributions to and disbursements from the Fund.

Eternal Vision's Corporate Counsel shall be tasked with investigating and independently verifying the information received relative to eligibility criteria for the various beneficiary applicants. The level and methods of verification employed shall be within the discretion of Corporate Counsel, but he shall make every effort to satisfy the ministry's due diligence responsibilities.

Contributions to the Fund

Through Eternal Vision's ministry to donors, local churches, and Christian schools, the Fund presents a natural opportunity to match worthy causes, projects and opportunities with individual Christian givers who have been blessed with a burden for others and the capacity to help. The following guidelines and restrictions apply to gifts made to the Fund:

All gifts to the Fund must be unconditional and without personal benefit to the donor.

Contributions to the Fund may not be earmarked or otherwise legally designated for particular purposes or recipients.

While individual donors should consult their private tax professionals concerning the appropriate tax treatment of donations, contributions that comply with the above criteria shall be issued a contribution receipt pursuant to standard ministry policy. Such receipts shall be issued annually unless otherwise requested by the donor.

Fund donors are not disqualified from making suggestions or nominations for assistance from the Fund, but such suggestions shall be non-binding and, where accepted, shall be independently verified by the ministry prior to acceptance.

Recipients of Assistance

To be eligible to receive financial assistance from the Fund, an applicant must satisfy the following eligibility criteria:

1. The recipient must be an active member of a Fundamental, Bible-believing church organization of like faith and practice to Eternal Vision.

2. The recipient must be accepted for enrollment and actually attend a fundamentalist Christian college of like faith and practice to Eternal Vision and must maintain academic eligibility according to the college's own standards for non-probationary enrollment.

3. The recipient's pastor must provide commendation of the recipient's Godly character and, if possible, verify the need presented.

4. Application for assistance must be made sufficient that the above criteria may be independently verified by Eternal Vision to confirm eligibility. Application may be made directly by the recipient or on behalf of the recipient by any individual with sufficient information to establish initial eligibility (subject to independent verification.)

Limits of Assistance

The stated purpose of the Fund is to provide benevolent tuition assistance to Christian students who attend a full-time Christian college training program, who practice good personal stewardship, and who maintain academic eligibility. The Fund is not intended to provide for living expenses or other financial needs of the recipient.

Guidelines for Disbursement

Disbursements from the Fund may not be made in the form of a loan. Under no circumstances is assistance from the Fund to be considered a loan, nor may any gift be repaid, either in part or in full, in money or labor.

The Committee shall not authorize a distribution to anyone who, in their estimation, will have a negative or irresponsible behavior reinforced by the financial assistance.

Potential recipients must be willing to grant the Committee permission to follow-up on and independently verify any of the information provided to it. Appropriate sensitivity will be given to confidential issues.

Distributions shall be made directly to the Christian college with whom the recipient has enrolled on a semester basis pending confirmation of continued enrollment and academic eligibility. Distributions should be designated by the Fund for the benefit of the selected recipient.

Application & Approval Process

While good stewardship demands that due diligence be exercised in selecting beneficiaries, it is not the intention of this process to become burdensome or bureaucratic in meeting the legitimate needs of worthy candidates. To that end, application need not be made on any particular form so long as sufficient information is provided to verify eligibility under the criteria that govern the Fund. Upon request, Eternal Vision will provide an application form that explains the criteria and requests the information needed to establish eligibility, and the use of the form, though not mandatory, can certainly expedite the verification process.

The following basic steps outline the process of application and disbursement:

1. An eligible student or an individual with knowledge of an eligible student notifies an Eternal Vision staff member or Officer of the need.

2. Eternal Vision's staff independently investigates the need and seeks to confirm eligibility.

3. EV's staff makes a recommendation to the Committee concerning distribution.

4. Distribution is made subject to available funds in the account. Under appropriate circumstances, an appeal may be made by Eternal Vision to solicit additional funds to meet the established needs.

Established and Adopted this 11^th day of June, 2008.