How Can You Participate?
With the state of our economy what it is, there are more students applying for admittance to higher learning institutions than ever before and there are fewer scholarships available to them. This means that there is a greater need for our support. Each year ISIADA awards deserving applicants with scholarships ranging from $500 to $1000—an accomplishment dealers should be proud of. This program is yet another example of dealers helping dealers.
There are basically four ways that you can participate in funding these scholarships:
- Donate A Vehicle
By donating a vehicle, 100% of the proceeds will go into the scholarship fund. You, in return, will receive a receipts from ISIADA for the amount of the sale for tax purposes. The auctions have agreed to waive the buy and sell fees on these vehicles.
- Make A Purchase At A Scholarship Auction
By purchasing a vehicle at one of our scholarship sales, you automatically become a contributor because a portion of every buy fee from vehicles sold in designated lanes will go directly into the scholarship fund.
- Consign A Vehicle At A Scholarship Auction
By consigning a vehicle at one of our scholarship sales, you automatically become a contributor because a portion of every sale fee from vehicles sold in designated lanes will go directly into the scholarship fund.
- Make A Personal Donation
For those of you that find yourselves nonparticipants in the #1, #2, and #3 categories, you can always make a donation directly to the fund. Please make checks out to the ISIADA Scholarship Fund.
Who Is Eligible To Apply?
In order to be eligible to apply for an ISIADA scholarship, you must be an immediate family member (including grandchildren) of a dealer principle or be an employee or immediate family member of an employee of a dealer principle. The dealership must be a current member of ISIADA in good standing for a minimum of one full year.
Every applicant must have a high school diploma or equivalent and must be pursuing higher education at a college, university, technical school, or trade school. Determination will be made on the following criteria: Financial need and educational goals as detailed in the required essay. GPA will be considered, but is not the sole determining factor. There is a lifetime limit of two scholarships per student.
In addition to the application, the following list of supporting documents must also be submitted:
- Recent transcript
- Letters of recommendation
- Essay about yourself, your reasons for applying for this scholarship, and your goals for the future
- Photograph with permission to use for promotional purposes