The National Tactical Officers Association is an IRS 501(c)(3) charitable organization. In the spirit of our charitable status the NTOA has established “The James Torkar Educational Scholarship Program” for eligible members of this association.
The NTOA Scholarship Program is designed to provide funding for college tuition and other eligible expenses. Scholarships may be awarded one of two ways:
1. Direct payment to an educational institution.
2. The creation and funding of an IRS 529 College Savings Plan.
Under current IRS regulations, a 529 plan funds grow tax-free from federal income tax and when used for qualified higher educational expense may be withdrawn free from federal income taxes. The NTOA Educational Scholarships will be awarded with a parent or duly appointed guardian as the owner and the dependent child as the beneficiary.
529 scholarship funds may be used for the following:
- Room and board
- Required books
- Required supplies
- Required equipment
- Mandatory fees
- Special needs services
Nearly all colleges, universities, community colleges, law, medical or business schools qualify. Many career or technical schools are also eligible. The school must be eligible to participate in the federal financial aid programs. The number and amount of the scholarships shall be awarded at the discretion of the Board of Directors of the NTOA and will be announced annually by the NTOA.
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2016-2017 Application Period: Nov. 1, 2016 to April 1, 2017
(PDF document attachments preferred, Word documents accepted)
Dependent children of members with active NTOA “Individual” memberships (Join Now), who are at least 16 years old are eligible to apply. Any active “individual” member consistent with the above requirements may sponsor a child of a deceased NTOA member for a scholarship. Family members of NTOA employees and directors are not eligible for this award. A nominated individual may only win one NTOA scholarship.
For more information or questions, contact 800-279-9127 or email email@example.com