FRIENDS OF 440 SCHOLARSHIP FUNDINC

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATIONAL SCHOLARSHIPS FOR FINANCIALLY NEEDY DEPENDENTS OF WORKERS WHO HAVE BEEN INJURED IN THE COURSE OF THEIR EMPLOYMENT AND AS A RESULT HAVE RECEIVED WORKERS' COMPENSATION BENEFITS UNDER FLORIDA LAW AND WHO RESIDE, OR WHOSE WORK-RELATED INJURIES OCCURRED IN FLORIDA. IN ADDITION, SUCH SCHOLARSHIPS MAY ALSO BE PROVIDED TO FINANCIALLY NEEDY DEPENDENTS OF INDIVIDUALS PRIMARILY ENGAGED IN THE OPERATION OR ADMINISTRATION OF FLORIDA'S WORKERS' COMPENSATION LAWS. THE SCHOLARSHIPS WILL BE AWARDED TO ELIGIBLE INDIVIDUALS WHO LACK THE ECONOMIC ABILITY TO CONTINUE EDUCATION BEYOND HIGH SCHOOL OR TO FURTHER THEIR COLLEGE EDUCATION WITHOUT GREAT FINANCIAL HARDSHIP AND WHO BEST EMBODY THE FOLLOWING CHARACTERISTICS: (I) GOOD CHARACTER AND CITIZENSHIP, (II) THE ACADEMIC ABILITY TO COMPLETE THE INDIVIDUAL'S CONTEMPLATED PROGRAM OF EDUCATION, AND (III)EXTRACURRICULAR ACTIVITIES, ETC. IN ORDER TO ENSURE THAT NO PART OF THE NET EARNINGS OF THE ORGANIZATION