SMART Bulletin

The Scholarship Management and Account Reporting for Tenpins (SMART) program is making an investment earnings allocation of $7 million to provide additional scholarships for youth bowlers. The $7 million allocation is the largest investment earnings allocation in SMART history and will be designated as Unassigned funds for Providers to use for scholarships.

In addition to announcing the $7 million allocation for SMART Provider use, the USBC SMART Committee is proposing a series of policy changes designed to increase scholarship benefits for SMART Recipients. No policy changes are final, and all proposals will have a comment period until June 30.

The proposed policy revisions include the portion of future investment gains and expired scholarships to SMART Recipient accounts, adding bonus scholarships for those actively using SMART funds and creation of a new SMART Recipient grant program.

Proposed policy revisions for SMART Providers include requiring Providers use Unassigned funds received from SMART within two years.

Read the full press release by clicking here.