The Foundation's resources are limited at this time, thereby limiting the number and amounts of the monetary awards. The number and amounts of the monetary awards are generally based upon and limited by the amount of investment income earned.

Grants are made to college undergraduate and graduate students. Preference is given to students already enrolled in a degree program. Less frequently, we provide grants to professionals for continuing education courses in their chosen field. Grants are usually in the $500 to $1,500 range. Grants are awarded based primarily upon financial need, but also upon merit.

Grants in this range are also available to meet a project or specific purpose of non-profit organizations. Preference is given to organizations that serve the Mount Olivet, Arlington, or Northern Virginia community.

Loans (at below market rates) are made primarily to high school graduates entering college. Loans are in the $1,000 to $5,000 range, and are approved for the academic year. If academic and repayment performance is satisfactory, requests for addditional loans are welcome.

For both grants and loans, preference is given to individuals connected to Mount Olivet United Methodist Church, to the United Methodist Church, to individuals from Arlington, Northern Virginia, or the Washington DC Metropolitan area. Should there be sufficient funds, worthy applicants from outside the Washington metropolitan area can then be considered. The Grant and Loan Committee meets in mid-January, mid-April, mid-July, and mid-October to review applications. The summer quarter is the most competitive.