We are pleased to provide the community an update on the AVSIM sponsored Richard Harvey Endowed Scholarship. First, some background. At the passing of Richard Harvey, team lead for the FLY! series of flight simulators, in early 2003, AVSIM opened a scholarship fund in Richard's name at Embry-Riddle Aeronautical University (ERAU). Hundreds of community members and commercial organizations contributed to the Scholarship fund. The Scholarship reached over $10,000, at which point it could fund itself from year-to-year. In other words, it became self-endowed. Every year AVSIM receives an update from ERAU on the status and funding level of the scholarship. We are pleased to report the following:
Fund Balance as of June 30, 2011: $16,106.36
Fund Balance as of June 30, 2012: $15,700.08
Amount Awarded in 2011 - 2012 Academic Year: $750.00
We will receive the profile of this years Scholarship recipient later this spring.