Professor Elam

Tuesday Feb 2, 2016

Petroleum Accountants' Society Of San Antonio

2015 – 2016 Officers:

Kevin Cross, President

Will Kothmann, Vice President

Brian Beverly, Treasurer

Brian Raygon, Secretary

Will Kothmann, Scholarship Chair

PASSA Scholarship Program

The Petroleum Accountants' Society of San Antonio (PASSA) will offer up to $5,000 in scholarships for the 2016-2017 academic year.

The Mission of the PASSA Scholarship Program is to help those students seeking a career in accounting obtain their goals through higher education.

Applicants are judged on financial need, community service, evidence of leadership and citizenship and academic record (minimum 3.0 GPA).

Each scholarship winner will be eligible to receive up to $5,000 and funds must be used for college tuition, books, fees or room and board.

Rules and guidelines:

1. Applicant must be enrolled full time in a 4-year accredited college or university.

2. Applicant must have completed their freshman year of college (24 hours) with a 3.0 GPA (or B average) and be in good standing.

3. Applicant must be entering or currently pursuing a bachelor’s or master’s degree in accounting.

4. Each scholarship recipient will be chosen by the Scholarship Committee made up of members of PASSA.

5. The following criteria will be considered in selecting scholarship recipients: student’s academic standing, essay, personal circumstances, participation in school/community activities, one written recommendation by a professor, counselor, and /or community/club leaders. Student will submit a detailed application. Neatness and ability to follow instructions are very important and will also be considered by the selection

committee. References and transcript are to be sealed and included in a packet with the application as indicated in #10.

6. Each scholarship recipient and the scholarship recipient’s counselor will be notified by a PASSA scholarship committee member by telephone and by written correspondence through regular mail.

7. Each scholarship will be paid directly to the College or University.

8. Each scholarship recipient and parent(s) will be invited as guests of PASSA to a future regularly scheduled monthly meeting at the Petroleum Club to be officially introduced to the membership.

9. College transcript is to be sealed and included in the packet with application and sealed references to the address provided.

10. Student applicant understands that the scholarship is to be used for college tuition and fees, books, and/or college living expenses. According to the IRS, contacted April 2, 2001, and according to 1099 Section, page 24 (Miscellaneous); PASSA does not have to submit a 1099 to the student as long as it is for regular studies. A 1099 needs to be submitted only if the scholarship is given to be used as wages, such as studies, preparation of papers, or specific project, etc.

11. The scholarships are not renewable.

To apply, complete the attached application form, along with your essay, certified college transcript, and reference letter from qualified person no later than April 15, 2016. Any applications received after April 15, 2016 and any incomplete applications will not be considered – NO EXCEPTIONS.

PASSA Scholarship Committee c/o Will Kothmann

100 NE Loop 410

Suite 1100

San Antonio, TX 78216

Please follow directions carefully. Failure to do so may result in disqualification. PASSA and the scholarship committee reserve the right to change and amend all rules and guidelines without notice at any time it deems necessary. For more information or questions, please contact Will Kothmann at (210) 828-6281 or will.kothmann@padgett-cpa.com.