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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.
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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. This post has been promoted to an article
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We posted this earlier this year, but given the recent award of the Richard Harvey Scholarship at ERAU, we thought it worth showing again. At the end of last year, we received an update from Embry Riddle providing us an update to the status to the scholarship and it's current balance (as of June of last year). We fully expect to see another update later this year, and we anticipate that it will have grown from what you see here. You can see the full image of the statement from ERAU here.
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