PVRC SCHOLARSHIP

 

PVRC Members should encourage their eligible family members and friends and members of their local clubs to apply for PVRC Scholarships. The Scholarship is administered by the ARRL Foundation, a 501(c)3 tax-exempt entity.

These scholarships are funded by contributions made through the end of the current year.

The Potomac Valley Radio Club Scholarship

Our club administrator for the scholarship program is Frank Donovan W3LPL.

Contributions may be made in a number of ways:

If you are required by the IRS to make annual RMD (Required Minimum Distribution) withdrawals from your IRA(s), you can shelter your RMDs from taxes and possible increases in Medicare premiums by making donations direct from your financial institution to qualified charities such as the PVRC Scholarship Fund administered by the ARRL Foundation. RMD distributions to such qualified organizations as the ARRL Foundation are called Qualified Charitable Distributions (QCDs), and these must be made directly from the financial institution to the charity (e.g., ARRL Foundation PVRC Scholarship). Otherwise, there are several ways to make your contribution to the PVRC Scholarship Fund: (in each case specify that you are donating to the PVRC Scholarship)

  1. Complete the ARRL online form by downloading it and mailing it with your check to ARRL;
  2. Call the ARRL Fund Director, Kevin Beal, and give him your credit card number; or
  3. Send your donation to the PVRC Treasurer via PayPal, noting your donation is for the PVRC Scholarship Fund. NOTE: Payment via this option may not be tax deductible. Consult your tax advisor.

For Option 1, the link to the ARRL Web page with the downloadable donation form: http://www.arrl.org/arrl-foundation-donation-form

For Option 2, here is Kevin’s contact information: Kevin Beal, K8EAL

For Option 3, the PayPal payee is the same as for your other donations to PVRC (like your annual donation): [email protected]. PLEASE remember to note your donation is for the PVRC Scholarship Fund. Also remember that PayPal reduces your contribution by collecting a transaction fee. For example, PayPal collects $3.38 (3.4%) on a $100 donation. Their rate structure is not linear; the rate increases to almost 8% for low dollar donations and decreases somewhat for higher dollar donations. PVRC thanks you for your donation to the PVRC Scholarship Fund. A benefit is that the scholarships help young Hams with their education expenses and they may well become PVRC contesters to perpetuate PVRC’s future.