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Is the Ouimet Fund a tax-exempt organization?
Yes, The Fund is an official 501 c (3) non-profit organization, and is considered “The Golf Charity of Massachusetts™”, and has been since its inception in 1949. The tax ID # is 04-2234126.
How much is given out each year in need-based scholarships?
Since 1949, The Fund has awarded $26.5 Million dollars in need-based financial aid to over 5,100 college students from Massachusetts who have worked in the game of golf for at least two years. In 2012-2013 alone, The Fund awarded $1.5 Million in need-based financial aid.
What is the expense ratio of the Francis Ouimet Scholarship Fund?
In Fiscal Year 2012 the administrative expense ratio of the fund was a very respectable 7.8 %. When compared to other charities of similar size, the Ouimet Fund is on a par or better in terms of expense ratio. Any clubs or potential donors that wish to inquire further about The Fund’s programs may call 774.430.9090.
Who is the money raised by The Fund awarded to?
All Ouimet Scholarship candidates must have performed at least two years service to golf as caddies, or in pro shop or grounds crew operations at any course in Massachusetts. The candidate must plan to be a full-time student at an accredited institution of undergraduate higher education. Students may apply as seniors in High School or during their college career.
What is the difference between Ouimet Scholars and Ouimet Honorary Scholars?
The difference between Ouimet Scholars and Ouimet Honorary Scholars is very simple. Ouimet Scholars are those students who have gone through the review and interview process, have qualified, and have certified financial need. Ouimet Honorary Scholars have gone through the same rigorous interview process, have qualified, but DO NOT qualify to receive any financial award. Despite not receiving a monetary award, the designation of Ouimet Scholar is a great honor and helps them tap into the vast network of fellow Ouimet Scholars currently in the work force.
How do potential Ouimet Scholars qualify to receive financial aid?
Potential Ouimet Scholars qualify for financial assistance through official financial data profiles (FAFSA/CSS Profile). These forms (the same used by colleges and universities), determine whether a student is eligible for financial aid, and how much financial aid is needed. Very few scholarship organizations have access to this information.
Where does the money for scholarships come from?
Money for the scholarships comes from many different programs and fundraising initiatives. First, the Bag Tag program is supported by the many golf clubs throughout Massachusetts. This program is the backbone of the Ouimet Scholarship Fund, and helps to raise over 40% of The Fund’s total revenue per year, 100% of which goes towards scholarships which are given to club employees/former employees. The golf marathon is another major annual fundraiser, which has raised over $4.5 Million in its 20 years of existence. Another large source of funds is the Annual Banquet, which has honored some of the biggest names in golf for the past 15 years. The most recent 2013 Banquet (Centennial Gala) featured Arnold Palmer, Peter Jacobsen, Mark Frost, and Bill Paxton, and honored Francis Ouimet with 2,100 attendees. One of our fastest growing initiatives is our Endowed Scholarships, which are established in the name of people or organizations, and are a great way to permanently associate a person or group with golf, education, and the Ouimet Fund. Other major donors contribute through the Ouimet Society, which has over 150 Lifetime Members. These members gather every year to play in golf outings, which raise money for The Fund, and often times collectively create permanently Endowed Scholarships. The Fund is also supported by our Alumni and many other outside outings and fundraisers to which it is greatly appreciative. So many people are involved with the Ouimet Fund to help students achieve their goals.
What are the deadlines for application to become a Ouimet Scholar?
To request an application package check out the Application Process page or contact The Fund office at 774.430.9090 in midsummer to be put on an application mailing list for awards for the following school year. Application packages are mailed in from early summer up to mid November. Applicants must submit recommendations from a guidance counselor and three club officials, complete an essay, be interviewed, and submit official grade transcripts and various official (FAFSA & CSS/Profile) financial data.