the scholarship with the new college/university. A scholarship can also have a status of if the recipient notifies AAACF that he/she has decided to defer enrollment. Students have “cancelled” up to one year from the award date to claim the scholarship. Any unused scholarship dollars are then carried over to the next year for the fund’s scholarship committee to award. What are and Dates? “Approved” “Issued” The date signifies when the scholarship is approved in the system. The date “Approved” “Issued” captures when payment of the scholarship is sent to the recipient’s college/university. There is often a three to four month lag from when a scholarship is approved to when a payment is issued. This is because AAACF requires a verification of enrollment form (which can be obtained by the recipient close to the start of the fall semester) before issuing payment. Giving Opportunities How do I make an online gift? Gifts of any size to any fund may be made online through Opportunities.” Donors may use a “Giving credit card or may choose an electronic transfer from a bank account. I’m trying to make an electronic transfer from my checking account, but I got a transaction” “failed message. Why? When making an electronic transfer, please include a 9 digit ABA number and a 12 digit account number, even if those digits are zeros at the beginning of the ABA or account number.
the scholarship with the new college/university. A scholarship can also have a status of “cancelled” if the recipient notifies AAACF that he/she has decided to defer enrollment. Students have up to one year from the award date to claim the scholarship. Any unused scholarship dollars are then carried over to the next year for the fund’s scholarship committee to award. What are “Approved” and “Issued” Dates? The “Approved” date signifies when the scholarship is approved in the system. The “Issued” date captures when payment of the scholarship is sent to the recipient’s college/university. There is often a three to four month lag from when a scholarship is approved to when a payment is issued. This is because AAACF requires a verification of enrollment form (which can be obtained by the recipient close to the start of the fall semester) before issuing payment. Giving Opportunities How do I make an online gift? Gifts of any size to any fund may be made online through “Giving Opportunities.” Donors may use a credit card or may choose an electronic transfer from a bank account. I’m trying to make an electronic transfer from my checking account, but I got a “failed transaction” message. Why? When making an electronic transfer, please include a 9 digit ABA number and a 12 digit account number, even if those digits are zeros at the beginning of the ABA or account number.
DonorViewReferenceGuide_UpdatedJan2018.docx