MATULICH  FOUNDATION  NEWSLETTER
April 2025                                     #5

Award for Suggestions
1. Matulich Foundation offered a $100 award for suggestions on how to increase the number of scholarship applicants. We received several suggestions, all of which are greatly appreciated. But finding a winner seemed impossible. The management team decided that we should pick the winner in a random selection, the same as selecting scholarship winners. But this may disappoint some students who made good suggestions. Someone suggested that we should give more than one prize. We doubled the amount of the award to a total of $200, and we shall select three winners. First random draw will receive $100, the next two winners selected randomly will receive $50 each. The drawing will take place, and winners will be announced in May.
2. One thousand student goal not yet in sight.
Meanwhile, we hope all current scholarship applicants are doing their best to convince their fellow students to apply and change the $1,000 scholarship prize to $10,000. Four best schools have 99, 80, 58, and 42 applicants, All others are less than 14, with most under 10. That is a long way to go.
3. Why do we want schools with 1,000 or more applicants?
The Foundation has some projects that require many applicants. These are projects that allow students to earn points that can be converted to dollars. But such projects cannot be accomplished with only a few hundred members. Over the next few newsletters, we hope to describe some ways that we can reward students. We want to give away as much money to students as the law allows. That is why Foundation management and directors all work as volunteers, with no pay. No salaries means more money for students.

MATULICH  FOUNDATION  NEWSLETTER
March 2025                                     #4

1. Response to request for suggestions Our request for suggestions about how to increase the number of scholarship applicants resulted in several students making numerous suggestions. Some of the ideas included things we had already considered or implemented. We offered a $100 award for the best suggestions, but now we find it impossible to decide on a winner. The best solution would be simply to reward each of the students, but that much money is not available. An alternative is to use the scholarship sweepstakes approach and draw the winner randomly from the group offering the suggestions. The Foundation’s mission is to distribute as much money as possible to Florida students, but there are legal limitations to what we can do. We are still a very small charity. While we study all the suggestions students have made and try to implement those we can, we’ll leave the decision on how to distribute the $100 award until the next newsletter.
2. Events declined We announced our 2026 Scholarship Sweepstakes to 26 Florida schools as ongoing events on Handshake and sent emails about it to more than 20 other schools. Although most schools approve of the event, they don’t necessarily announce it to their students. Two schools declined to approve the event; Hillsborough Community Collete and Seminole State College of Florida decided the event is not for their students. We never know the reasons for such decisions. We continue to hope current scholarship applicants will urge their schools to announce the scholarship to all students. It is in your interest to ensure that 1,000 applicants have applied to increase the 2026 scholarship from $1,000 to $10,000. Remember-- you may be the winner.
Remember—you could be the winner.

MATULICH  FOUNDATION  NEWSLETTER
February 2026                                     #3

1. This Year’s Scholarship Sweepstakes
The 2026 Scholarship Sweepstakes started but most applicants are Foundation members whose membership was renewed on January 1. What we need now is to attract new students to apply for the measly $1,000 scholarship we are allowed to offer this year. We cannot give more because we gave away too much in the past and laws don’t allow us to give too much money and dissipate the endowment. However, there is a ray of hope. A Florida student may end up receiving a $10,000 award if certain conditions are satisfied. Read Item 3 in last month’s newsletter.
2, Forty-five schools are participating
Students from 45 schools have applied for scholarships, in some cases only one or two students from a school. We use Handshake to notify schools of the scholarship event, but not all schools work with Handshake, and some who do simply don’t take the time to notify students. For example, the biggest university in the country, University of Central Florida, with over 65,000 students, currently has only three applicants for the Foundation scholarship. The rest of the students don’t know that a $10,000 scholarship may be available. We can announce the scholarship sweepstakes event to schools, but we cannot make them tell their students about it.
3. Schools have been notified
Matulich Foundation has notified 44 Florida academic institutions that a $10,000 scholarship is available for their students. Many trade schools in Florida also train students who have high school diplomas, but they are harder for us to reach. Even some universities make it hard for us to contact them with information about our scholarships. But we don’t discriminate. Our scholarships are available to any Florida student in higher education, and applications are totally free. We don’t ask students to donate money for a chance to win.

MATULICH  FOUNDATION  NEWSLETTER
January 2026                                     #2

1. This Year’s Sweepstakes
As always, the Matulich Foundation Scholarship Sweepstakes is free for all Florida students in higher education. The prize this year is $1,000. Not much incentive to waste five minutes of your valuable time by applying. After all, your chance of winning is almost zero. But those five minutes could make you the winner, and if you don’t apply, you are guaranteed not to win. How about $10,000? It could be yours if your token is selected and you belong to a school that has more than 1,000 scholarship applicants. See item 3 below.
2. Why is This Year’s Scholarship So Small?
In 2023 we gave $5,000 of scholarships, and $4,000 in 2025, The biggest single scholarship was $5,500 in 2020. Florida and Federal laws require us to give away five percent of our endowment each year. If we give too little one year, we must make it up in the future. If we give too much, we can reduce the amount in the future. The idea is not to hoard money and not to dissipate the endowment. By giving more than required in past years, we can omit awards in 2026, but we are giving the minimum to have the sweepstakes.
3. Where does $10,000 come from?
So how do we give $10,000 this year? A donor has pledged this amount, but only if a school has more than 1,000 students applying. This means your school will have to make a good effort to ensure all its students are aware of the scholarship. You can help by passing the word to fellow students.
4. Read Past Newsletters
If you are a recent applicant, you may have missed important information disclosed in previous newsletters. You can access earlier newsletters by clicking on the Newsletter link in your account. Sometimes, a newsletter may repeat material that was published previously if we think new applicants should be aware of it.

MATULICH  FOUNDATION  NEWSLETTER
December 2025                                     #1

1. This Year’s Sweepstakes
Although we had a successful year, granting $4,200 in scholarships, the year was disappointing because only 700 students applied. Florida Colleges and Universities have not done a very good job of publicizing our free scholarship sweepstakes. Our Foundation is still very small, so our scholarships are small also. Next year we’ll offer only one grant of $1,000.
2. Why is Next Year’s Scholarship So Small?
Florida and Federal laws require us to give away five percent of our endowment each year. If we give too little one year, we must make it up in the future. If we give too much, we must reduce the amount in the future. The laws are written to ensure that charities do not hoard money and not dissipate their endowment by giving away too much. By giving more than required in past years, we can omit awards in 2026, but we are giving the minimum so we can have the sweepstakes.
3. Exciting Development
A donor has pledged $10,000 for a single scholarship in 2026, but the money will be available only if schools satisfy a condition: More than 1,000 of its students must apply to be eligible for the larger award. A small school like Rollins College would have to get almost 50 percent of its students to apply but for a big university like UCF less than two percent of students can satisfy the requirement. We are anxious to see whether this incentive will