Q. Can my child still apply for a scholarship if he files his own income taxes?
A. It depends. If a student is filing his own taxes, but is still claimed by his parents on their 1040 tax document or planilla, then he is eligible. However, if a student files his own tax returns and his parents do not claim him on their 1040 or planilla, then he is not eligible.

Q. How does the Foundation determine the scholarship amount awarded?
A. Scholarships are awarded based on financial need. Factors considered in the calculation are a family’s income, certain other financial data, number of family members supported by that income and number of family members attending college. An employee’s length of employment (except for the one year eligibility requirement) are not considered.

Q. You’re requesting last year’s financial information; however, I’ve had a change in my family status and financial information this year. Can I send in this year’s tax form and be re-evaluated once I’ve completed my taxes?
A. No. The Scholarship Program processes scholarship applications using the prior year’s family status and financial information. Applications will be re-evaluated only in the case of a catastrophic change in the employee’s circumstances.

Q. If my child receives an award this year, are we guaranteed to receive the same dollar amount each year we reapply?
A. No. Awards can vary considerably from year to year based on the family's financial circumstances as well as the availability of funds at The Clara Abbott Foundation.

Q. Will the Foundation give me money to further my education and assist with tuition reimbursement?
A. Abbott employees and their spouses are not eligible for Foundation scholarships. Tuition reimbursement questions should be addressed through your local HR department.