Once the number and amount of Tuition Assistance Scholarships have been determined for the coming academic year a portion of the remaining funds, typically about $3,000-$4,000 are held in reserve in order to address emergency or sudden acute needs that may arise for candidates.
Most often a candidate in such a situation contacts the synod office or the Assistant to the Bishop for Candidacy becomes aware of a particular candidate’s acute need through the individual’s Candidacy contact person. This need is explored with the candidate, discussed by the Indiana-Kentucky Synod Candidacy Committee’s Financial Aid Team. After a simple form has been completed by the individual requesting assistance, the funds are dispersed as appropriate. Funds remaining at the end of the fiscal year are simply not harvested from the endowment.