Article XI – Financial Aid
1. The guild will make available financial aid to members who wish to advance their skills in the fiber arts. Guild
members who receive financial aid must then provide the following: a presentation to the PFG at a general meeting
summarizing the experience and workshops to share the skill. Revenue generated by the workshop will repay the
financial aid granted. Any additional funds above the financial aid amount will be payment to the workshop
presenter. (Example: Financial Aid amount: $200, Workshop fee generated $300, $200 goes to the guild, $100
goes to the workshop presenter) If insufficient funds are generated by the workshop, then the recipient has 12
months to either present additional workshops to make up the difference in amount awarded or pay back in cash the
balance due to the guild.
The board will set an annual budget for Financial Aid.
The number of financial aids allotments awarded will be limited only by the amount of money available in the budget.
2. Application:
Guild members wishing to apply must submit the financial aid form available for download on the guild website.
The form will include the following information:
- Workshop to attend and skills to be obtained or developed
- Proposed workshops
- Cost of attendance
- How money will be spent - is it for tuition, housing, travel, supplies, and a combination?
3. Financial aid committee shall be composed of the following members:
- Past President
- Treasurer
- Workshop Chairperson
- One member at large
The committee will review application(s) and determine if the financial aid request will lead to workshops of interest to
the larger guild. Once the committee approves the request, the financial aid request will be announced at the next
general guild meeting.
3b. All financial aid requests shall be processed as quickly as possible, with the expectation of a 30 day response.
3c. After attending the class, financial aid recipients will provide an expense report (available for download from the
guild website) and receipts to the treasurer to document how funds were used.
4. Funding of the Financial aid:
- Monies from sales of opportunity items will go into the financial aid fund, held in the savings account.
- Monies generated from workshops provided by financial aid recipients (which are in repayment of the monies
awarded) will also go into the financial aid fund.
5. Repayment period
- Financial aid recipients will provide workshops generating income equal to or greater than the financial aid received
within one year of financial aid receipt. Multiple workshops may be offered to meet the requirement. Once the
financial aid has been paid back in full, any money generated by the workshop will be used as payment to the
presenter. A member must pay the financial aid back as cash if workshops fail to generate required income.
The Bylaws state that any changes to the Bylaws has to be posted prior to the meeting on which the membership vote
to approve the changes. As I said at the last meeting, we need to add a section to the Bylaws covering what we used
to call the scholarship fund but will now be called financial aid. The section below was written by Shirley, Sara, Carol
and Deb. It has been submitted to the Board. I have received no negative comments from the Board, consequently I
am listing the amended here. We will vote on the addition of this amendment at the February meeting.
If this amendment is approved it will also be necessary to make two small changes to the Bylaws to accommodate this
new section.
Article VII Duties of Elected Officers
2. Immediate Past President
"b The Immediate Past President shall head up the scholarship / assistance fund committee"
2b Would need to be changed to
"The Immediate Past President shall head up the Financial Aid Fund committee"
Additionally Article XI – "Dissolution" would become Article XII – "Dissolution"