To be eligible for consideration as a Lightning Community Hero of Tomorrow, an applicant must meet the following minimum criteria:
Lightning Community Heroes of Tomorrow ("Heroes") will be selected on the basis of the following criteria:
The selection process will be completely non-discriminatory with respect to race, religion, and ethnic origin.
The Foundation will honor Heroes of Tomorrow at select weekend games. Each grant will be a one-time grant, with no provision for renewal.
The selection committee will consist of employees of the Lightning Foundation (of which both Trustees of the Foundation serve on the Board of Directors), and members of the Lightning Foundation's Community Advisory Committee.
Each scholarship grant will be in an amount up to $25,000 to be used for tuition, fees, and other course-related expenses such as books, supplies and equipment, at an accredited middle school, high school, college (including community colleges), or university at which the recipient is a candidate for a degree or diploma. If there is no present financial need, or if the present financial need is less than $25,000, the Foundation can defer some or all of the unused portion of the grant to make scholarship grants to assist the recipient in future years when he or she does need the funds for education. Each individual scholarship grant may not exceed $25,000.00. In general, it also will not exceed the cost of tuition, fees, and other course-related expenses such as books, supplies and equipment, at the school or college at which the recipient is a candidate for a degree or diploma. If the Hero of Tomorrow does not foresee use for the full $25,000 in scholarship grant money, they have the option to make their grant to the recommended public charity (if approved by the Foundation) an amount greater than $25,000.
The Foundation will not consider an application from, and will not make a grant to, any person who is a child or a more remote descendant (or a spouse of any such person) of any officer or trustee of the Foundation, any donor to the Foundation, or any member of the Selection Committee.
In general, the Foundation expects to make grant payments directly to the educational institution, with instructions that the grant is made subject to the condition that the recipient is an enrolled student in good standing. Further, the grant terms will require the student to send the Foundation a narrative report, and will require either the student or the school to send a copy of the transcript, at the end of the school year. In an unusual situation when the grant is made to an educational institution to pay the tuition or other expenses of a Hero, and the Hero does not attend that institution, the terms of the grant will require the institution to repay the grant funds to the Foundation to the extent they are not used for the intended purpose.
In addition to receiving a scholarship grant up to $25,000 under the process described above, each Lightning Community Hero of Tomorrow is given the privilege of recommending a community-based charity to receive a grant of at least $25,000 from the Vinik Family Foundation.
In order to qualify as a charity eligible to receive such grant, the proposed recipient organization must meet the following minimum criteria:
All decisions to make grants to charitable organizations will be subject to the discretion and approval of the Vinik Family Foundation, and its decision shall be final.