Builders & Contractors Exchange Construction Trades Scholarship

. It is the desire of Builders & Contractors Exchange, Inc. to establish a scholarship with the Tidewater Community College Educational Foundation (TCCEF), which shall be called the Builders & Contractors Exchange Construction Trades Scholarship to support students at Tidewater Community College (TCC) interested in the construction trades.
2. This scholarship will be funded by a $5,000 donation from the Builders & Contractors Exchange, Inc.
3. Award amount can cover tuition, fees, and supplies and is contingent upon the amount of available funding at the time of the award. The number of annual recipients is contingent upon available funding.
4. It is the intent of the Builders & Contractors Exchange to award these scholarships based on the award criteria and selection processes shown below.
a. Recipient must be a resident of Virginia
b. Recipient must be a current student at TCC
c. Recipient must be enrolled in a construction trades program at TCC
d. First preference will be given to students who are affiliated with or recommended by member companies of the Builders & Contractors Exchange, Inc.
e. The minimum scholarship to a single recipient shall be $500.00; the maximum scholarship shall not exceed $1,500.
f. Recipient must have a demonstrated unmet financial need
5. The scholarship will be administered by the TCCEF in conjunction with the TCC Central Financial Aid Office.
6. It is understood that the TCCEF may impose a one-time 5% fee on the original donation for the administration and management of this account.
7. Should the purpose for which this scholarship was established cease to remain feasible, any remaining funds will be redirected by the TCCEF consistent, to the extent reasonably possible, with the original intent of the donor.