Must I report the scholarship award on my taxes? Tax laws vary by country. In the United States, scholarship funds used exclusively for the payment of tuition or textbooks are normally not taxable. The scholarship recipient is responsible for taxes, if any, that may be assessed against your scholarship award. AOTF does not presume to provide tax information. For tax questions please refer to a Certified Public Accountant (CPA) or accredited tax preparer. You may also counsult IRS Publication 970 for further information (http://www.irs.gov/taxtopics/tc421.html).
How many applications do I need to fill out? Just one application. The Scholarship Selection Committee determines how many scholarships each applicant is eligible for. If there are no qualified applicants for specific scholarships, those scholarships are not awarded.
Are AOTF scholarships renewable? No, scholarships are not renewable. However, recipients may apply next year if they are still enrolled in an accredited educational program.
When are scholarships awarded? The Scholarship Selection Committee reviews application materials, Program Director Statements, and Professional References in late winter. Scholarship winners will be announced in 2025.