RULES & PROCEDURES FOR DISTRIBUTION OF SCHOLARSHIP FUNDS
1. DEFINITIONS
CANDIDATE FOR DEGREE: A full or part-time student who is pursuing a degree at a Qualified
Educational Institution.
QUALIFIED EDUCATIONAL INSTITUTION: A fully accredited college, university, or graduate
school in the United States, its possessions or territories.
QUALIFIED EXPENSES:
(i) Tuition and fees required to enroll at the Qualified Educational Institution.
(ii) Books, supplies and equipment required by all students for courses at the Qualified
Educational Institution.
(iii) The following ARE NOT Qualified Expenses: Rent, travel expenses, food, any special
equipment not specifically required in the course synopsis such as computers.
(iv)The Scholarship shall pay only the amount due listed on the tuition bill submitted.
SCHOLARSHIP FUNDS: Funds won by the competitor at a tournament. Wizards of the Coast, Inc. will
pay such funds directly to the Qualified Educational Institution through their Agent.
SCHOLARSHIP RECIPIENT: The individual winner who has placed high enough in the Magic: The
Gathering ® professional tournament to receive the Scholarship Funds.
2. ADMINISTRATION
2.1
GENERAL STATEMENT ON THE USE OF SCHOLARSHIP FUNDS
Only a scholarship Recipient who is a Candidate for Degree at a Qualified Educational Institution
may use scholarship funds. Funds must be used solely for Qualified Expenses.
2.2
PROCEDURES FOR OBTAINING SCHOLARSHIP FUNDS
A. At least 30 days prior to the date the Scholarship Recipient would like payment of all or a
portion of the Scholarship Funds to be applied to a Qualified Educational Institution., The Scholarship
Recipient must notify the Scholarship Administrator in writing. The written document must include:
(i) A statement that the Scholarship Recipient is or will be a Candidate for a degree at a
Qualified Educational Institution. For example, a letter on school letterhead from the Scholarship Advisor
or Financial Aid Representative at the Qualified Educational Institution which confirms enrollment of the
Scholarship Recipient.
(ii) The address and telephone number of the Qualified Educational Institution;
(iii) Documentation establishing the amount of Qualified Expenses (For example, a
statement of account, invoice, or other documentation showing tuition charges)
B. The Scholarship Administrator will issue a check only to the Qualified Educational Institution
for the Qualified expenses. Due to tax laws, the funds will only be paid directly to the Qualified
Educational Institution. No funds will be paid to the individual or his/her parent or agent, including
reimbursements.
3. TAXATION OF SCHOLARSHIP:
Wizards of the Coast has structured the disbursement of scholarship funds in a manner that avoids
the funds from being taxable to the scholarship recipient. Because tax laws can change in the future, the
Scholarship Recipient should consult with his or her own tax advisor to determine whether the receipt of
the Scholarship Funds will result in taxable income to him or her.
4. LIMITATIONS AND RESTRICTIONS
4.1 NO TRANSFERABILITY
The right to receive scholarship funds is not transferable.
4.2 RIGHT TO RECEIVE SCHOLARSHIP FUNDS
The right to receive scholarships funds in conditioned upon complying with the
Statement of Rules and Procedures for Issuance of Scholarship Funds.
4.3 TERMINATION OF RIGHT TO RECEIVE SCHOLARSHIP FUNDS
All rights to received scholarship funds shall terminate upon the earlier of (a) December
31 of the calendar year in which the Scholarship Recipient obtains the age of twenty-five or (b) the death of
the scholarship recipient.
Scholarship administered by Guardianship Services of Seattle
http://www.trustguard.org/
(206) 284-6225