FAIA Good Works Fund
The Good Works Fund was established in 2009 to support charitable giving in the insurance field with an emphasis on insurance education. Contributions help support endowments to institutes of higher education with insurance degree programs, and provide scholarships to talented students pursuing insurance as a field of study.
Gifts to the Good Works Fund ensure both current and future good works: 25 percent of each gift is invested as an endowment to perpetuate the mission of the FAIA Good Works Fund for many generations. The Community Foundation of North Florida* manages all contributions to the FAIA Good Works Fund, which are tax-deductible, and a volunteer leadership committee oversees the fund's administration and other efforts.
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Good Works Fund Mission
“The Fund is established for the purposes of supporting charitable activity within the insurance field, giving priority to insurance education activity, including but not limited to grants to nonprofit institutions for scholarship programs.”
The Fund is designed to:
- support endowments to community and state colleges or universities with insurance degree programs;
- provide scholarships grants for students choosing insurance programs; and
- provide disaster relief funds via 501(c)(3) organizations to our fellow agents and associates when unfortunate circumstances require.
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The Good Works Fund contributed $5,000 to each of the following schools in 2010 and 2011:
Good Works Fund Scholarships
Tom C. Johnson Scholarship
Established in 1990, this scholarship is awarded in honor of the former FAIA President. One scholarship in the amount of $1,500 is awarded for the academic year. Eligibility criteria include: academic performance, career interest in the property & casualty industry; financial need; extracurricular activities; upper-class status (returning senior); RMI major; and Florida resident. Recipient is selected from students nominated by RMI faculty at Florida State University.
Congratulations to John Plocharczyk (right, with FAIA Good Works Fund Staff Liaison Bill Perkins), the 2013 Johnson Scholarship award recipient!
Buddy McCue Scholarship
Established in 1998, this scholarship is awarded in honor of the former FAIA President. The scholarship award is $1,000 for the academic year. Selection criteria are similar to the Tom C. Johnson Scholarship. Congratulations to Nicholas Benza (right, with FAIA Good Works Fund Staff Liaison Bill Perkins), the 2013 McCue Scholarship award recipient.
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“This scholarship will provide relief for a significant portion of the extra financial obligations that I will take on in the fall semester, and for that I am grateful.”—Nicholas Benza,recipient of the 2013 Buddy McCue Scholarship.
*The Community Foundation of North Florida is a 501(c)(3) organization that manages the fund, handles legal issues, provides investment expertise, and ensures full compliance with the IRS. When donating online, a service charge of 2 to 2.5 percent is incurred on credit-card donations. The charge will appear on your statement as PAYPAL *COMMUNITYFO.