AAAA SCHOLARSHIP FOUNDATION INC

TO ADMINISTER THE SCHOLARSHIPS, SCHOLARSHIP LOANS, AND LIFE MEMBERSHIP MEMORIAL GRANTS TO MEMBERS, CHILDREN, SIBLINGS AND SPOUSES OF MEMBERS AND DECEASED MEMBERS, OF ARMY AVIATION ASSOCIATION OF AMERICA INC. (AAAA), AN AFFILIATED NOT FOR PROFIT TAX EXEMPT ORGANIZATION. THE SCHOLARSHIPS AND LIFE MEMBERSHIP MEMORIAL GRANTS ARE AWARDED AS FINANCIAL ASSISTANCE FOR COLLEGE LEVEL EDUCATION. THE SELECTION OF THE RECIPIENT IS MADE BY AAAASFI'S BOARD OR THEIR DESIGNATED COMMITTEE.