Chadley M. Rhodes Memorial Scholarship
Purpose
In memory of Chadley Rhodes. (GF000025)Description
Established in 1988, the program provides one or more annual scholarships of a minimum of $1,000 to full-time undergraduate students enrolled in the School of Aeronautics who are citizens of the United States. The Florida Tech Office of Financial Aid administers the scholarships. Each recipient must be a U.S. citizen and a full-time student majoring in an aeronautics program. Recipients must have reached the junior level of study (sixty semester hours or more), must have a cumulative grade point average of at least 3.0, and must demonstrate significant financial need. If a recipient continues to meet all award requirements, the scholarship can be continued for two years.
History
Joe Flammio, Ralph McKee, and Robert Graham Ferrell were the first contributors to the fund. Joe started a fund-raising effort to increase the endowment. Keener Smathers notified the family of Chad regarding Joe’s interest in raising the total contributions to the scholarship fund to the endowment level. The scholarship became an endowed fund in 1995. The initial principal of the fund may be added to later by others and shall be invested by Florida Tech and the income therefrom used annually to provide one or more scholarships in an amount determined by the Scholarship Committee. The scholarship awarded will be a minimum of $1,000, but shall not exceed the interest earned by the fund principal. The recipient of the scholarship shall be selected by Florida Tech’s Scholarship Committee. Accrued income in excess of the amount necessary for the scholarship shall be added to the principal of the fund. If no scholarship is awarded in any one year, the accrued income she is added to the principal of the fund. Florida Tech shall advise the Rhodes Family Scholarship of the name of the recipient each year.
