Kreig Family Scholarship

The Fund shall be held as an endowment, as defined by University and Foundation policy. The principal of the gift will be held in the
Foundation endowment, and only a budgeted amount will be available for spending. The Donor or others may make additional
contributions to the Fund in accordance with Foundation policy. The Fund shall benefit the College of Agricultural, Consumer and
Environmental Sciences at the University of Illinois Urbana-Champaign (“Unit”). If for any reason the current functions of the Unit are
transferred to another organizational unit of the University or the name of the Unit is changed, then the Fund will continue to benefit the
Unit, as changed. The Fund shall support scholarships for full-time undergraduate students within the Unit. Recipients shall be selected
based upon the following, in order of preference: 1. Incoming freshmen, with scholarships being renewable based on academic merit;
2. Illinois residents; and, 3. Students with an interest in any of the following (or closely related) fields of study (in no particular order):
farm management, agricultural economics, consumer economics, food science, human nutrition, human development, and family studies.
The Donor prefers, when possible, that scholarships be awarded to incoming freshmen and be renewed through their senior year, so long
as they remain in the Unit. Once funding allows, the Fund may support multiple scholarships, at the discretion of the Unit. The Unit may
determine all other details about the use of the Fund, including, but not limited to recipients, amount spent, and timing, in accordance
with University policies and procedures.