Jetrader - Autumn 2016 - 66

ISTAT foundation

The ISTAT Foundation
Scholarship Program:

FOSTERING THE
FUTURE of AVIATION

By Peter Huijbers, ISTAT Foundation Scholarship Committee Chairman
The ISTAT Foundation was founded in 1994
to support individuals and institutions that
promote the advancement of commercial
aviation and humanitarianism. Funding for
programs is provided by annual grants from
ISTAT and contributions from individuals
and companies.
The Foundation supports five giving
programs: Scholarships, Internships, ISTAT
University, Grants and Humanitarian Aid.
The ISTAT Foundation Scholarship Program,
the largest of the giving programs, has
awarded nearly $2,300,000 in scholarships to over 290 students in 21 countries
since 2006.

Results from the 2016
ISTAT Foundation
Scholarship Program
The ISTAT Foundation Scholarship Committee has completed the review of nearly
70 candidate applications. This year, the
Foundation has awarded $345,000 in scholarships to support 49 students pursuing
aviation-related degrees; scheduled to be
awarded later this year are the Norman C.T.
Liu Asia Scholarships and ISTAT University
Scholarships. In total, the Foundation is
expected to award over 70 scholarships in
2016, a record year.
Scholarships are divided into two categories: ISTAT Scholarships and Named
Scholarships. This year, the Foundation
has allocated $217,000 in support of
funding student scholarships, known as
ISTAT Scholarships. To supplement ISTAT
Scholarships, the Foundation awards Named

Scholarships. Named Scholarships are those
specific to a donor or in remembrance of
an industry figure. In order for a student
to qualify for a Named Scholarship, they
must meet the requirements set by the
individual donor (e.g., geographical, area
of study, university-specific). The annual
funding provided by Named Scholarships
in 2016 totals $171,000. The Named
Scholarships include:
* Jon Batchelor Scholarship Award
* GECAS Africa Scholarship Award
* Hafthor Hafsteinsson Scholarship Award
* Norman C.T. Liu Asia Scholarship Award
[new in 2016]
* Michael Metcalf Scholarship Award
* Joseph Nadol Memorial
Scholarship Award
* Gilbert W. Speed Memorial
Scholarship Award
* Steven Udvar-Hazy Scholarship Award
* ISTAT University Scholarship Award
[new in 2016]
* ISTAT Foundation/Omni Air
International Scholarship Award
* ISTAT Foundation/Diane K. Ballweg
Scholarship Award
* ISTAT Foundation/Jon Batchelor
Scholarship Award

New Developments in the ISTAT
Foundation Scholarship Program
For the past two years, the ISTAT
Foundation Scholarship Committee has
worked diligently to further develop the
Scholarship Program. One of the most significant changes was the retiming of the

66 The official publication of the International Society of Transport Aircraft Trading

Scholarship Program. In previous years,
applications were submitted, scored and
awarded in the fourth quarter of the year.
After surveying nearly 200 partnered universities, it was agreed to hold the program in the second quarter of the year as
the preferred program timing. Since 2015,
the Scholarship Program has taken place
between 1 March (applications open) and 1
May (application deadline). The Scholarship
Committee is tasked with the review and
scoring of the applications in June, with
awards distributed by early July.
The Foundation's Named Scholarships
are a significant part of the growth driver
for the Scholarship Program. This year, the
Foundation welcomed the addition of the
Norman C.T. Liu Asia Scholarship in support
of students in aviation-related programs at
universities in Asia.
As the Scholarship Program continues to
grow, the Committee is faced with ensuring
candidates maintain high academic excellence and show great potential to be successful members of the aviation industry.
As such, the Committee aims to increase
its international reach. Since 2012, the
number of scholarship recipients outside
of the United States has increased from
30 to 50 percent.
This year, the Committee developed a
new award tier structure with the intention
of supporting the highest performing students and students in emerging countries
on a long-term basis. This was implemented
as part of a larger strategic plan to position
the ISTAT Foundation Scholarship Program

Jetrader - Autumn 2016

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