The purpose of the Ida Ballard Simon Memorial Scholarship Fund is to support graduating seniors from Memphis and Shelby County, Tennessee High Schools to meet Lincoln University financial requirements.
Funds for the scholarships are generated by charitable, tax-deductible donations received from businesses and individuals designated for this scholarship.
The scholarship is administered by the Lincoln University Foundation, Inc. Scholarship recipients are selected by the Lincoln University Foundation Scholarship Committee and friends of Ida that currently reside in Memphis, Tennessee.
Lincoln University Foundation Scholarship Committee Members work in conjunction with the Student Financial Aid Office of Lincoln University to identify qualified candidates from the list of students presented.
Awardees must be graduating seniors of the Shelby County School District that wish to attend Lincoln University. Minimum cumulative GPA required is 2.5. Awardees must be enrolled full time at Lincoln University.
Scholarship amounts which are determined each semester are based on the amount of interest accrued on the principal as well as the balance in the fund.
In order to express the appreciation of the University to the Ida Ballard Simon Memorial Scholarship and to help attract gifts for similar purposes, it is understood that appropriate publicity in the form of announcements to news media, internal and external publications, and other suitable recognition, may be made by Lincoln University and Lincoln University Foundation, Inc.
Annually, the Foundation shall furnish on request by any donor, a record of disbursement of scholarship funds by recipients complete with addresses. All donors shall be furnished documents of donation appropriate to the United States Internal Revenue Service code by January 31 of the year following a gift to the Fund and Endowment.
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