Dean's Administrative Office
510 Paterno Library
(814) 865-0401
Purpose: The purpose of this scholarship shall be to provide recognition and financial assistance to outstanding students enrolled at The Pennsylvania State University who have demonstrated interest in library studies, information services and/or librarianship.
Amount of Fund: The initial principal of this fund, $15,000, will be contributed to The Pennsylvania State University for the above-stated purpose by Dr. Arthur J. Miller, friends and family in memory of his wife, Ava Faltz-Miller. Additional contributions may be made by interested persons or organizations.
Eligibility: Consideration for this scholarship shall be given to all full-time junior students, for use during their senior year, who are currently enrolled in The Pennsylvania State University, and who have demonstrated interest in library studies, information services and/or librarianship.
Selection Procedure: Recipients of this scholarship shall be chosen by a committee recommended by the Dean, University Libraries through the University Faculty Senate. The Office of Student Aid, which is responsible for ensuring compliance with regulations concerning federal, state, and other aid in accordance with University policy regarding academic scholarships under University control, shall be informed of all awards.
Amount of Award: The number of scholarships awarded and the amount of each shall be determined by the selection committee. Scholarships shall be awarded annually in accordance with the University endowment spending policy. Any available monies not awarded in a particular year shall either be added to the principal or retained for award together with the available monies of the following year, as determined by the Dean, University Libraries and Scholarly Communications.
Term of Award: Each scholarship shall be awarded for one academic year and shall not be renewed.
Endowment Management: This endowment shall be subject to general guidelines and policies adopted by the Board of Trustees of The Pennsylvania State University for the management of endowed funds. Stability of endowment support and preservation of purchasing power against inflationary pressures shall be achieved by limiting spending to a specified percentage of the annually-determined market value of the fund. As authorized by the Board of Trustees, the University's Investment Committee monitors and administers annual endowment spending. Any investment returns in excess of the designated spending rate are retained in the principal of the fund.
Amendment: The Board of Trustees of The Pennsylvania State University, in consultation with the donor when possible, shall have the authority to make changes in these guidelines which are necessary to ensure the fulfillment of the above-stated objectives.
