Annual Report

BOARD OF DIRECTORS JAMES R. DONNELLEY, Chairman* Former Vice Chairman R. R. Donnelley & Sons Company RICHARD L.
KEYSER, Vice Chairman* Chairman Emeritus W.W. Grainger, Inc. HAROLD B. SMITH, JR., Vice Chairman* Chairman of the Executive Committee Illinois Tool Works Inc. JOSEPH M. CAHALAN President The Xerox Foundation SCOTT S. COWEN President Tulane University GREGORY L. GEOFFROY President Iowa State University LINDA R. GORSLINE Director of the Upper School Norfolk Academy Norfolk, Virginia MARK A. HAUGHT Principal Altus High School Altus, Oklahoma EDWIN S. HEDGEPETH Director of Secondary Instruction Knox County Schools Knoxville, Tennessee MICHAEL J. HEILMAN Assistant Superintendent for Secondary Education Bismarck Public Schools Bismarck, North Dakota MICHAEL G. JOHNSON Vice President, Human ResourcesU.S. Operations UPS TIMOTHY E. McGUIRE* President National Merit Scholarship Corporation BRIAN C. MITCHELL Former President Bucknell University S. GEORGIA NUGENT President Kenyon College OFFICERS TIMOTHY E. McGUIRE President KAREN M. BOICH Vice President and Treasurer JEFFREY Z. LITTLE Vice President and Executive Director of Administration TIMOTHY J. STERZIK Vice President and Executive Director of Program Evaluation RICHARD L. SEVCIK Secretary CE QUANDT Principal North Central High School Indianapolis, Indiana THOMAS J. QUINLAN III* President and Chief Executive Officer R. R. Donnelley & Sons Company DIANA M. SCHMELZER* Former Principal University High School Irvine, California SUE SLOAN Executive Director PPG Industries Foundation DEBORAH V. TRASKELL* Executive Vice President State Farm Insurance Company DIRLENE WHEELER Principal Sheridan High School Sheridan, Wyoming Honorary Director MARIANNE C. RODERICK, President Emeritus
*Executive Committee
contents
Presidents message 2
Highlights of the 2010 competitions 4 National Merit Scholarship Program 6 National Achievement Scholarship Program 10
Making an iMPAct 13
Sponsors: National Merit Program 28 Sponsors: National Achievement Program 35 colleges and universities enrolling 2010 Merit Scholar awardees 36 colleges and universities enrolling 2010 Achievement Scholar awardees 39
Financial Report: June 1, 2009May 31, 2010 41
National Merit Scholarship Corporation (nmsc) is a private, not-for-profit organization that operates without government assistance. nmsc is exempt from taxation under Section 501(c)(3) of the Internal Revenue Code; grants and contributions to nmsc are deductible by the donor under Section 170 of the Code. All nmsc resources are committed to the conduct of its two annual competitions, the National Merit Scholarship Program and the National Achievement Scholarship Program. The corporate logo and the names National Merit, National Achievement, Merit Scholarship, Achievement Scholarship, Merit Scholar, and Achievement Scholar are federally registered service marks of nmsc. The corporation enforces its rights in these marks. psat/nmsqt is a registered trademark of nmsc and the College Board. sat, Advanced Placement Program, and ap are trademarks of the College Board, which was not involved in the production of this publication. The registration and service mark symbols appear in this report only on initial use in each chapter for reasons of style and format. October 31, 2010 National Merit Scholarship Corporation 1
P resident s
message
Since its founding in 1955, National Merit Scholarship Corporation (nmsc) has been dedicated to ensuring that the very best minds of the country, our most valuable resource, are given the opportunity to pursue higher education that will enable them to serve the nation as productive citizens in whatever path they choose in life. Students recognized by nmsc have been making an impact on American business, government, philanthropy, and society for more than 55 years. They have proven that nmscs mission to promote the development of future leaders and innovators for the United States by identifying and supporting academically talented students is successful. In 2010, nmsc reached a milestone in the Corporations history with the launch of the nmsc Online Scholarship Application (osa), which has greatly benefited the students and the high schools participating in our competitions. Todays high school students rely on technology in so many aspects of their education. They depend on technology daily to accomplish their academic goals through the use of Web-based programs. Recognizing this need in Americas students, we have met their expectations this year with the launch of the osa. In this Information Age, we are serving those who will serve America. We fully expect the intelligent and hardworking 2010 nmsc Scholars to make an impact on our country in the future in the same way that Scholars have for the last half century. As you read through the stories of nmsc Scholars highlighted in this 200910 Annual Report, we hope you will be inspired, as we are, by their impressive accomplishments. We are tremendously grateful for our many corporate and college sponsors who have invested in the talent of these young students over the years and enabled us to award over 356,000 scholarships since our inception in 1955. Their support allows us to provide some of the most outstanding students of our country with the opportunity to make an impact on Americas future.
A
Timothy E. McGuire President
Annual Report
StudeNtS ReCogNized by NMSC hAve beeN MAkiNg AN iMPAct oN AMeRiCAN buSiNeSS, goveRNMeNt, philANthRopy, ANd SoCiety foR MoRe thAN 55 yeARS.
National Merit Scholarship Corporation
HigHligHts of the 2010 competitions

Tentative college majors National Merit Scholarship Corporation (nmsc) conducts two annual academic competitions: the National Merit Scholarship Program that is open to all students who meet entry requirements and the National Achievement Scholarship Program in which Black American students can participate. The 2010 competitions began in October 2008 with a qualifying test administered by about 22,000 high schools and were completed in the spring of 2010 when scholarships were awarded.
Engineering (20%) Biology/biomedical sciences (11%) Health and clinical science professions (9%) Social sciences/psychology (9%) Physical sciences (5%) Business/finance (4%) English/journalism/ creative writing (4%)
Mathematics/statistics (3%) History/humanities/ pre-law studies (3%) Fine arts/music (3%) Computer and information sciences (3%) Undecided (15%) Other majors combined (11%)
National Merit Scholarship Program Over 1.5 million students who met program participation requirements and took the 2008 Preliminary sat/National Merit Scholarship Qualifying Test (psat/ nmsqt) entered the competition for recognition and college scholarships to be awarded to high school seniors in the spring of 2010. 35,525 entrants were named Commended Students in recognition of their outstanding performance on the qualifying test and their potential for success in challenging college studies. 16,259 other participants, the highest-scoring entrants in each state, were designated Semifinalists and had the opportunity to continue in the competition for National Merit Scholarship awards by fulfilling several additional requirements. 15,075 of the Semifinalists were notified in February 2010 that they met academic and other requirements to attain Finalist standing and were being considered for Merit Scholarship awards. 8,292 Merit Scholar designees, chosen from the Finalist group, received Merit Scholarship awards worth a total of $36.9 million. In addition, 1,359 other outstanding program participants (who were not Finalists) received Special Scholarships, valued at $12.2 million. These Special Scholarships are provided by corporations, company foundations, and business organizations to complement their Merit Scholarship awards.
of Scholars who attended high schools that rank students were in the top tenth of their class compared to 34% of all college-bound seniors.
94%
of Scholars had a high school grade average of A- or above compared to 44% of all college-bound seniors.
98%
Average sat scores

Scholars
sat Seniors
Critical Reading
Mathematics
Writing Skills 200 400 600 800
Annual Report
F unding For Scholarships in 2010

$43.8 million for 7,403 awards $7.7 million for 3,051 awards
sponsors
total : $51.5 million for 10,454
Merit Scholarship, Special Scholarship, and Achievement Scholarship awards
nmsc
National Achievement Scholarship Program Nearly 170,000 Black American students in more than 12,000 high schools requested consideration in the 2010 National Achievement Program when they took the 2008 psat/nmsqt and entered the National Merit Scholarship Program. 3,315 high-scoring participants were referred to United States colleges and universities for the purpose of expanding these students educational opportunities. 1,716 Semifinalists were named on a regional representation basis and had the opportunity to advance in the competition for National Achievement Scholarship awards by meeting additional requirements. 1,383 of the Semifinalists met all the requirements to progress to the Finalist level of the competition and were considered for an Achievement Scholarship award. 803 Finalists became Achievement Scholar designees, winning scholarships worth over $2.4 million for college undergraduate study.
% taking 4 or more years in each subject area

100 90 80 70 60 50 40 30 20 10 0
english mathematics natural/ physical science social sciences/ history foreign languages
Scholars sat Seniors
% taking honors courses

100 90 80 70 60 50 40 30 20 10 0
english mathematics natural/ physical science social sciences/ history foreign languages
Scholars sat Seniors
National Merit Scholarship Program

eNTrANTS
1.5 MilliOn
HIGH SCOrerS
50,000
COMMeNDeD STUDeNTS
34,000
SeMIFINALISTS
16,000
high school students enter the annual competition for recognition and awards by taking the preliminary sat/National Merit Scholarship Qualifying test (psat/nmsqt), usually in the fall of their junior year. Currently, over 1.5 million students meet requirements to enter each annual National Merit program.
Some 50,000 students earn psat/nmsqt scores that qualify them for program recognition. the following spring, nmsc invites these students to designate two u.S. colleges or universities to receive information about them through the College plans Reporting Service. this service is offered without charge to encourage direct communication between these promising students and college officials. in the fall, at the beginning of their senior year, these high scorers are notified that they have been designated as either Commended Students or Semifinalists.
About two-thirds of the high scorers are named Commended Students on the basis of a nationally applied qualifying score that is usually at the 96th percentile. Students in this group receive letters of Commendation in recognition of their outstanding performance on the qualifying test, but they do not continue in the competition for National Merit Scholarships.
Approximately one-third (about 16,000) of the high scorers are designated Semifinalists on a state representational basis. they are the top-scoring entrants in each state and the only program participants who have the opportunity to continue in the competition for Merit Scholarship awards. in addition to designating Semifinalists in each state, nmsc also has selection units for participants attending high schools in the district of Columbia, u.S. commonwealths and territories, schools in other countries that enroll u.S. citizens, and u.S. boarding schools that enroll a sizable proportion of students from outside the state in which the school is located.
nmsc sends Semifinalists names
identifying scholastically talented youth and bringing them to the attention of colleges and universities and the American public are enduring goals of the National Merit Scholarship program. in the 55 competitions completed to date, over 2.6 million outstanding students have been honored, and 326,000 academic champions have received scholarships worth a total of $1.3 billion for undergraduate study.
to u.S. colleges and universities to broaden the students educational opportunities, and a press release about them is sent to news media.
Annual Report
2010 Program Commended Semifinalists Students entrants
FINALISTS
15,000
SCHOLArS
OVER 9,000
to compete for National Merit Scholarships, Semifinalists must advance to the finalist level of the competition by meeting several requirements. the requirements include filing a detailed scholarship application, having an outstanding academic record in all of grades 912, submitting sat scores that confirm the earlier psat/nmsqt performance, and being endorsed and recommended by a high school official. About 90% (approximately 15,000) of the Semifinalists fulfill these requirements. they are notified in early february that they have become National Merit program finalists and are being considered for Merit Scholarship awards. high school officials are sent Certificates of Merit to present to these outstanding students.
the rigorous review process that Semifinalists undergo to advance in the competition results in a talent pool of exceptional finalists who compete for National Merit Scholarships. other high-performing program participants, who are not finalists but meet criteria specified by corporate and business sponsors, compete for other National Merit program awards called Special Scholarships. each year, over 9,000 scholarship winners are chosen on the strength of their credentials and potential for future success, without regard for gender, race, ethnic origin, or religious preference. All Scholars receive a certificate in recognition of their award. the names of Merit Scholar awardees are released to news media.
Alabama 15,302 Alaska 2,319 Arizona 17,614 Arkansas 6,434 California 166,786 Colorado 20,668 Connecticut 29,736 Delaware 5,950 District of Columbia 4,056 Florida 69,668 Georgia 40,555 Hawaii 8,733 idaho 5,589 illinois 47,588 indiana 52,101 iowa 8,792 Kansas 9,804 Kentucky 11,932 louisiana 12,179 Maine 13,666 Maryland 49,715 Massachusetts 49,033 Michigan 34,910 Minnesota 22,878 Mississippi 5,956 Missouri 13,921 Montana 4,709 nebraska 6,458 nevada 7,335 new Hampshire 8,421 new Jersey 68,535 new Mexico 5,841 new York 145,516 north Carolina 50,207 north Dakota 2,119 Ohio 53,200 Oklahoma 7,760 Oregon 19,138 Pennsylvania 74,462 Rhode island 5,989 South Carolina 17,664 South Dakota 2,825 Tennessee 16,101 Texas 169,739 Utah 4,618 Vermont 4,253 Virginia 50,370 Washington 29,407 West Virginia 4,037 Wisconsin 20,315 Wyoming 1,578 Other Selection Units 20,262 TOTAl 1,526,744
175 55 321 37 5,635 564 1,012 163 221 1,150 935 136 85 1,438 500 181 233 216 127 142 1,419 2,112 573 687 25 448 39 86 47 403 2,327 65 2,890 885 7 1,009 115 364 1,631 112 296 7 440 2,900 89 105 1,481 902 21 269 0 445 35,525
217 40 311 148 2,086 237 227 45 55 776 413 70 84 688 307 189 167 219 232 80 330 393 547 308 142 331 55 108 85 113 521 94 903 400 41 689 192 197 773 60 187 45 273 1,303 157 44 434 323 87 377 25 131 16,259
tyPes oF scHolarsHiPs in tHe
National Merit Scholarship Program
National Merit $2500 Scholarships
The National Merit $2500 Scholarships are an integral part of the National Merit Scholarship Program because all Finalists compete for these awards, and winners are named in every state and selection unit. A Selection Committee, made up of college admission officers and high school counselors, convenes to select winners of these one-time awards. In the 2010 program, most of the 2,500 National Merit $2500 Scholarships were financed by nmsc with its own funds. Business organizations that provide corporatesponsored awards also helped underwrite a portion of these scholarships with grants they provided in lieu of paying administrative fees.
Working in teams, Selection Committee members evaluate the applications of all finalists using a holistic review process to select the 2,500 distinguished winners of National Merit $2500 Scholarships.
Only National Merit Program Finalists who notify nmsc of plans to attend a sponsoring college and are admitted to the institution are considered for the awards financed by the institution. College-sponsored scholarships, which can only be used at the college or university financing the award, are renewable annually and provide stipends ranging from $500 to $2,000 per year. In the 2010 National Merit Program, 4,782 collegesponsored awards, worth $23.6 million, were funded by 197 U.S. colleges and universities, which are listed on pages 2934.
College-sponsored Merit Scholarship awards
Christine M. Cheng, a 2007 National Merit university of illinois at urbana-Champaign Scholarship recipient, is a senior. Christine is preparing for a career as an architect. University of illinois at Urbanachampaign has sponsored Merit Scholarship awards since 2006.
Annual Report
nmsc scholarships vary in a number of ways, including candidate
criteria and monetary value. Although eligible candidates can be considered for more than one type of scholarship, they can receive only one monetary award through nmsc. the awards must be used by Scholars for undergraduate study at regionally accredited colleges and universities in the united States.
Corporate-sponsored scholarships
These scholarships are either four-year renewable awards that provide stipends ranging from $500 to $10,000 per year or single-payment awards of $2,500 to $5,000. They consist of two types:
Merit Scholarship awards Most corporate-sponsored Merit Scholarship awards are offered to Finalists in the National Merit Scholarship Program who are children of the grantor organizations employees or members. Some awards are designated for Finalists who reside in communities specified by the sponsor, and a few are provided for Finalists who are planning college majors or careers the sponsor wishes to encourage. Only Finalists in the National Merit Scholarship Program who meet a sponsors criteria are considered for that sponsors National Merit Scholarships. Special Scholarship awards Approximately two-thirds of the corporations, company foundations, and business organizations that fund Merit Scholarship awards for Finalists in the National Merit Scholarship Program also provide funding for Special Scholarship awards. The number of Finalists eligible for a particular sponsors scholarships
bob tafaro, president and Chief executive officer of gaF Materials corporation, presents a certificate to 2010 Special Scholarship recipient kevin t. Sunyak. Since 2002, gaf Materials Corporation has provided scholarships for the children of employees of the corporation and its subsidiaries.
varies from year to year, but many sponsor organizations want to provide a fixed number of awards in each competition. These sponsors utilize nmscs services to supplement their Merit Scholarship awards with Special Scholarship awards for high-performing program participants who are not Finalists. Corporate scholarships are usually named for the grantor organization; however, the National Merit designation is not included in the Special Scholarship name. To be considered for a Special Scholarship, students must meet the sponsors specific criteria in addition to the participation requirements of the National Merit Scholarship Program. They also must submit an Entry Form to the sponsor organization.
This year, the 237 corporations, company foundations, and other business organizations listed on pages 2934 committed over $19 million to finance 1,010 National Merit Scholarships and 1,359 Special Scholarships.
National Achievement Scholarship Program

eNTrANTS
170,000
PrOGrAM reCOGNITION
4,800
OUTSTANDING PArTICIPANTS
3,100
SeMIFINALISTS
1,600
Currently, about 170,000 black American juniors in more than 12,000 high schools request consideration in the National Achievement program when they take the preliminary sat/ National Merit Scholarship Qualifying test (psat/nmsqt) and enter the National Merit Scholarship program. black students can compete for scholarships and be honored in both programs, but they can receive only one monetary award through nmsc.
Approximately 4,800 entrants earn psat/nmsqt scores high enough to qualify for National Achievement program recognition. their scores place them in the top 4% of program participants. these high performers are notified of their status in the fall of their senior year.
each year, over 3,100 young men and women are brought to the attention of four-year u.S. colleges and universities. these students receive certificates in recognition of the academic potential demonstrated by their high performance on the qualifying test, but they do not continue in the competition for National Achievement Scholarships.
About 1,600 of the highscoring entrants are designated Semifinalists in regional selection units. the number named in each region is proportional to the regions population of black Americans. Semifinalists are the highestscoring participants in the states that make up each region and the only National Achievement program participants who have an opportunity to continue in the competition for Achievement Scholarship awards.
nmsc sends Semifinalists names
to u.S. colleges and universities and distributes a press release about them to news media.
the National Achievement Scholarship program was established in 1964 specifically to identify academically promising black American high school students and encourage their pursuit of higher education. during the competitions 46-year history, 203,975 entrants have been brought to the attention of u.S. colleges and universities, and 30,300 of the most outstanding participants have received National Achievement Scholarships worth $95.9 million for undergraduate study.
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Annual Report
2010 Program entrants
Outstanding Participants referred to Colleges
Semifinalists
FINALISTS
1,300
SCHOLArS
800
Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, new Hampshire, new Jersey, new York, Pennsylvania, Rhode island, Vermont, and Virginia
61,372
1,271
482
illinois, indiana, Kentucky, Michigan, north Carolina, Ohio, Tennessee, West Virginia, and Wisconsin 36,525 Alabama, Arkansas, Florida, Georgia, louisiana, Mississippi, and South Carolina
439
407
32,488
547
456
to be considered for a National Achievement Scholarship, Semifinalists must advance to the finalist level of the competition by meeting several requirements. the requirements include submitting a detailed scholarship application, having a consistently high academic record in all of grades 912, being endorsed and recommended by a high school official, and submitting sat scores that confirm their earlier psat/nmsqt performance. by meeting these requirements, about 80% (approximately 1,300) of Semifinalists in each annual competition become finalists and earn a Certificate of Achievement.
About 800 Achievement Scholar awardees are selected from the group of finalists. Committees of experienced professionals carefully evaluate information submitted about each finalist and select winners on the basis of their abilities, academic and extracurricular accomplishments, and potential for success in rigorous college work. All Scholars receive a certificate in recognition of their award. nmsc sends a press release to news media in Scholars communities.
Alaska, Arizona, California, Colorado, Hawaii, idaho, iowa, Kansas, Minnesota, Missouri, Montana, nebraska, nevada, new Mexico, north Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, and Wyoming 36,093 Other Selection Units TOTAl 1,961 168,439
971 87 3,315
341 30 1,716
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tyPes oF scHolarsHiPs in tHe
National Achievement Scholarship Program
Every Finalist is considered for one of the 700 National Achievement $2500 Scholarships offered through the National Achievement Scholarship Program, an academic competition for Black American high school students. These scholarships are awarded on a regional representation basis. Award winners are selected by an independent committee of college admission officers and high school counselors who evaluate information submitted by Finalists and their schools as part of the application process. Most of these one-time awards are financed by nmsc with its own funds, but support is also provided by grants from corporate sponsors.
Selection Committee members review finalist applications in order to choose the 700 winners of National Achievement $2500 Scholarships.
National Achievement $2500 Scholarships
Corporations, foundations, business organizations, and professional associations underwrite Achievement Scholarship awards for Finalists in the National Achievement Scholarship Program. Most corporate sponsors specify their awards for Finalists who reside in an area served by the sponsor, for those who have career plans the grantor wishes to encourage, or for Finalists who are children of their employees. Sponsors of this years Achievement Scholarship awards are listed on page 35. These scholarships provide either a single payment of $2,500 to $5,000 when the Scholar enters college or an annual stipend that can range from $500 to $10,000 per year for up to four years of undergraduate study. In 2010, 103 corporate-sponsored Achievement Scholarship awards worth $700,000 were offered to Finalists.
At an award reception hosted by GEicO Philanthropic Foundation, Senior vice president don R. lyons (back, left), Chief executive officer tony Nicely (back, right), and the geiCo gecko celebrate with National Achievement geiCo Scholarship recipient elizabeth t. James (front, second from left) and her family. geiCo philanthropic foundation began sponsoring scholarships in the National Achievement Scholarship program this year.
Corporate-sponsored scholarships
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Annual Report
Making an
IMPACT
A force can trigger a chain reaction. in the stories of the NMSC Scholars who are featured on the following pages, the common theme of a reciprocal effect emerges. experiences that have had a powerful impact on these Scholars lives were driving forces that propelled them toward goals with the hope of making an impact on the lives of others.
an education means
nothing if you are the only one reaping its benefits.
Aaron l. beswick, 2006 National Achievement Scholar
Scholars who graduated from high school and college this year share with us their accomplishments thus far, their plans for the future, and how they intend to make a difference through their fields of study. in addition, Scholars from the more distant past tell us about their lives since graduating from college and how they have gone on to make lasting impacts on their fields of study, their communities, and individuals worldwide. With the support of dedicated sponsors, NMSC is very proud to be one of the many driving forces that encouraged these Scholars. our mission is to recognize and honor the academically talented high school students of the united States. NMSC believes that by gaining the support of additional sponsors, we will be a powerful influence in the lives of an ever-growing number of outstanding students who will continue the chain of impactour nation will reap the benefits. National Merit Scholarship Corporation 13
2010 ScholarsHigh school ends, college begins

Marianela daPrile
Catalyst for change

efforts paid off Dance education at an early age taught Argentina-born Marianela DAprile grace and perseverance, virtues invaluable in defeating a language barrier. I came to America speaking very little English. My efforts have paid off and made me competitive on a national scale. Marianela graduated from high school as valedictorian and is the recipient of a National Merit - The Goodyear Tire & Rubber Company Scholarship. Goodyear Tire & Rubber Company has been a scholarship sponsor since 1965. Deserving recognition Marianela is one of only 15 incoming 2010 Chancellors Honors Program students selected for the specialized honors program, the Haslam Scholars Program, at the University of Tennessee, Knoxville (UT). Her commitment to academics, community service, and athletics has also earned her the 2010 Peyton Manning Scholarship. This scholarship, awarded annually to a first-year student participating in the honors program, was established in 1998 in honor of Peyton Manning, the former UT Volunteers quarterback. Im certainly proud to add Marianela to what has become an elite group of deserving scholarship recipients, said Manning. Anchor to stability Marianela has selected architecture as her major. I hope that within our changing world, architecture can serve as an anchor to stability as well as a catalyst for positive change. Architecture encourages strong human relationships not only with others but also with the world and the environment. At UT, Marianela will continue her dance education (classical ballet, contemporary dance, and modern dance). After graduation, she hopes to complete an internship and then work for an eco-conscious architectural firm.
i CAMe to AMeRiCA SpeAkiNg veRy little eNgliSh.... My EFFORtS HAvE PAid OFF ANd MAde Me CoMpetitive oN A NAtioNAl SCAle.
presenting Marianela with the 2010 peyton Manning Scholarship are (left) university of tennessees director of financial Aid, Jeffrey gerkin, and peyton Manning, quarterback of the indianapolis Colts. (photo courtesy of university of tennessee.)
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Annual Report
scHneider rancy
A passion for medicine and writing

Development through service Schneider Rancy pledged brotherhood to set himself apart. In high school, Schneider was a member of adimu, a fraternity that promotes personal responsibility and intellectual development through community involvement. My experiences, both in the community and with adimu, have taught me a sense of humbleness and have instilled in me the importance of always giving back. And also, theyve helped me to reach a place in my life in which I feel I truly belong and am accepted. Capable of anything As the winner of a National Achievement $2500 Scholarship, Schneider proved that he is capable of future academic excellence. To me, winning this scholarship means nearly everything.... It proves to me that I am capable of doing anything, so long as I set my mind to it. At Columbia University, Schneider will have an opportunity to develop his craft. He intends to double major in biology and creative writing, or major in biology and minor in English. Medicine has always been vastly important to humanity: it has kept us alive, helped us live longer, allowed us to become stronger. And literature has furthered the development of our minds, made them sharper, and sometimes wittier. Scribbles of hope Schneider was the recipient of the Broward County 2009 Poet Laureate award. I won other writing awards, yes, but this was the first that felt significant, the first that seemed to proclaim that my words werent just the inane scribbles of some teenager. It gave me hope. After college, Schneider intends to go to medical school. He also hopes to publish a fantasy trilogy and several volumes of poetry.
to Me, WiNNiNg thiS SCholARShip MeANS NeARly eveRythiNg.... it pRoveS to Me thAt i AM cAPAblE OF dOiNG ANytHiNG, So loNg AS i Set My MiNd to it.
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MinH-taM Q. trinH
Composer for the community

Pride and gratitude Minh-Tam Q. Trinh is the 2010 recipient of the National Merit John M. Stalnaker Memorial Scholarship, a 4-year award underwritten by nmsc as a tribute to its founding President and Chief Executive Officer. Minh-Tam was selected from the 2010 pool of National Merit Finalists who are planning to pursue majors and careers in science or mathematics. Receiving the 2010 John M. Stalnaker Memorial Scholarship gives me a strong sense of two things: pride in my successes, and gratitude for being selected the recipient. Minh-Tams interest in pure math can be traced to the support of high school teachers who consistently encouraged the exploration of mathematics and his participation in the Program in Mathematics for Young Scientists (promys) at Boston University, a six-week, intensive summer program. Valuing selflessness Beyond his interest in mathematics, Minh-Tam is passionate about community service. Volunteering has taught Minh-Tam to value work for which one receives no reward, for this is the meaning of selflessness. He has helped with the Hunger Task Force food drive and other volunteer opportunities provided by the National Honor Society. Throughout high school, Minh-Tam also showcased his talents as an accomplished pianist, composer, and conductor by giving free solo piano recitals at the Wisconsin Conservatory of Music, and performing free concerts for the MacDowell Club of Milwaukee. I want to increase interest in classical music, and in particular, the appreciation of 20th- and 21st-century music. My friends have told me that they find my music playing inspiring, and I hope that this is so. Future mathematician With plans to graduate from Princeton University with an anticipated degree in mathematics, Minh-Tam hopes to attend graduate school. He aspires to become an active mathematician, dividing time between educating and conducting research. Math, like philosophy and fundamental physics, seeks to obtain absolute truths about the world we live in. It fulfills a very necessary part of human endeavor: the need to conjecture, solve, and discover.... If I become an educator, I would like to have my teaching inspire in others a love of the sciences and the dedication to pursue mathematics or science professionally. 16
ReCeiviNg the 2010 JohN M. StAlNAkeR MeMoRiAl SCholARShip giveS Me A StRoNg SeNSe of tWo thiNgS: PRidE iN My SuCCeSSeS, ANd GRAtitUdE foR beiNg SeleCted the ReCipieNt.
2010 Scholars
ZelaleM n. adeFris
Promising humanitarian
A mothers influence Zelalem N. Adefris received a 2010 National Achievement $2500 Scholarship. She currently attends Brown University, majoring in community health. Growing up in a household where my mother is a doctor, being interested in social studies, and completing an internship at the University of Minnesota Boynton Health Service have influenced my decision to pursue studies in community health. Dr. Wanda Patton Adefris, Zelalems mother, also attended Brown University as an undergraduate. Philanthropic partnership Through local fundraisers, Zelalem has drawn attention to Ugandas war-torn conditions and deteriorating education system. I feel like I have made an effect on my community by introducing a long-term international aid project [Invisible Children] to my school. Zelalem established the Invisible Children Schools for Schools program at her high school. Career goals Zelalem sees public healthcare as a solution to global health problems. Public health works to improve the welfare of communities by providing a large number of people more adequate healthcare. I hope to make more of an impact on local and international communities. She plans to be a World Health Organization advocate.
JeMale d. lockett
Engineering innovation
Desire to learn Ive always been drawn to electronic devices. My physics class reaffirmed my desire to learn about them. During high school, Jemale D. Lockett and a fellow classmate competed in the Intel International Science and Engineering Fair. Their project, Model-Driven Configuration of Automated Parking Facilities, simulated a selfparking system for cars using lego mindstorms. Jemale also participated in the Upward Bound Math and Science Program at Western Carolina University, where his student group conducted research on the nutrition habits of indigenous wildlife. Dual recognitions Jemale competed in both the National Merit Scholarship Program and the National Achievement Scholarship Program. He was named a National Merit $2500 Scholarship winner and was also recognized as an Honorary National Achievement Scholar. I am honored to receive a National Merit Scholarship as I know there are many qualified students who could have received it. Unlimited career potential This past fall, Jemale began his college studies at Massachusetts Institute of Technology. He is currently majoring in electrical engineering and computer science, and he feels theres no place computer science cant be applied. Jemale believes that his fields of study will be the driving forces for the future and will create solutions to some of the worlds toughest problems. National Merit Scholarship Corporation 17
aManda n. draPac-novotny
An education in oncology
High school distinctions Although Amanda N. Drapac-Novotny graduated high school as valedictorian and senior class president, she most cherishes the prestigious awards she received from her teachers and peers. Amanda was selected by her teachers for the Phi Beta Kappa Award, and the senior class selected her for the Outstanding Student Award, which is given to the graduating senior who has the most spirit and exemplifies the ideals of the school. Service to others Throughout her four years of high school, Amanda learned how to truly serve others by volunteering more than one thousand service hours. Her favorite service activity was an annual relief mission to Paintsville, Kentucky, where she worked with teams of students and adults to improve the living, working, and educational conditions of the Appalachian residents. She also participated in a three-day internship at the Cleveland Clinic, shadowing the head of Pediatric Hematology and Oncology, and volunteered at St. Jude Childrens Research Hospital in Memphis. During her time at the hospital, Amanda met Carson, a stage IV neuroblastoma patient. As I learned more about Carson, I was told about his miraculous journey and welcomed into his family. At this point, I realized that I wanted to become a pediatric oncologist, for I wanted to give back to the community that had inspired my dreams. Contribute towards a cure Amanda is the recipient of an Electrolux North America Scholarship, which has made it possible for her to attend her dream school, Saint Louis University. She will major in cytotechnology, studying and researching cell irregularities and development. Her ultimate career goal is to return to St. Jude Childrens Research Hospital as a pediatric oncologist. While reflecting upon the nature of being an oncologist, Amanda came to the conclusion that my ultimate purpose in the workforce will be to put myself out of a job. This career will allow Amanda to make a difference in the world of cancer research and contribute towards a cure for cancer.
My UltiMAtE PURPOSE iN the WoRkfoRCe Will be to put MySelf out of A Job.
18
2010 Scholars
ZacHary M. Wayson
Cellist with business dreams
Allure of leadership As first-chair cellist in his high school orchestra, Zachary M. Wayson mastered the role of section leader. I have found over the years that I enjoy leading. Though at times intimidating, the job possessed allure because of its leading role. Zachary and the orchestra traveled to Beijing to perform in the 2008 pre-Olympic festivities. We did a dual performance with a traditional Chinese orchestra. Afterwards, we played their traditional instruments and met the performers. Though our languages differed, this musical exchange elicited laughs, gestures, and even a few well-played notes. Impact lives of others Zacharys extracurricular activities in high school included Varsity Mens Tennis, table tennis, and volunteer work at a senior retirement center. He was honored as the 2010 Pepsi-Cola Student-Athlete of the Year from Bloomingdale High School for his varsity ranking, academic accomplishments, and community service within Hillsborough County. I have learned that I can impact the lives of others even without a corporation and funds to back me up. I may not have the means to produce a global impact, but I can make an impact on the local level. Conspicuous example At the University of Florida, Zachary plans to double major in business finance and industrial systems engineering. He wants to learn business principles that can facilitate international relief efforts. I hope to be a conspicuous example of how a large business should be run. Money can be used to reduce global poverty, establish education centers for third-world countries, support missionaries at home and abroad, and many other purposes. In short, I desire my career to have a large impact on the future. Zachary is the recipient of a National Merit AstraZeneca Pharmaceuticals Scholarship. AstraZeneca Pharmaceuticals LP has sponsored 107 scholarships for the children of employees since 2001.
19
2006 ScholarsCollege ends, lifelong learning continues

aaron l. BesWick
An interest in the public

Dedicated to education Every part of my education has guided me toward social work and public interest work. I only listened. Aaron L. Beswick attended Northwestern University, graduating with a degree in human services. He received a National Achievement $2500 Scholarship, underwritten by General Mills Foundation. General Mills Foundation has sponsored nmsc scholarships for more than 40 years. To be recognized as a student with this scholarship acknowledges all the hard work and the sacrifices that my family (and families like mine) made for me to dedicate myself to education. Social awareness During his undergraduate years, Aaron worked in Chicago for the Heartland Alliance for Human Needs & Human Rights. His experience in the Refugee Health Education and Promotion Program changed the way he now approaches social issues. I went in thinking I knew what the issues facing those youth could be ... adjusting to the American high school experience, disconnections with parents and traditional culture. I knew nothing. It was not until I actually started to listen to what they had to say about who they were and what their experiences had been that the work truly began.
82% of SCholARS gRAduAtiNg fRoM College iN 2010 RepoRted A gpA of AoR Above.
Neighborhood reformer Aaron is completing a postundergraduate public interest fellowship through Northwestern University. I am working for a mixedincome development in the city of Chicago. I am gaining a lot of experience about the city, housing, lower-income social work interventions, and the ways in which public policy and city institutions interact with people and places. After the fellowship, Aaron plans to obtain masters degrees in social work and public health. I hope to help others learn to navigate our social institutions and to change those institutions themselves to allow more people privilege and access. He will eventually settle in his hometown, Minneapolis, Minnesota, and apply his education to the neighborhoods.
20
Annual Report
andrea P. FoWler
Caring about communication

Passionate combination For nine years, while regularly visiting her grandmother in a nursing facility, Andrea P. Fowler cultivated an interest in gerontology. Andrea attributes her undergraduate major selection, communication disorders sciences, and her ultimate career choice to her love of music and her relationship with her grandmother. I wanted to do something I was extremely passionate about and something to help people. In my class one day, a guest audiologist showed me that something. The combination of my music appreciation and heart for the elderly has led me to choose audiology. She received the National Merit Jerry R. Junkins Memorial Scholarship sponsored by Texas Instruments Incorporated in 2006, and she attended the University of Oklahoma. As an undergraduate, Andrea was a mentor for Big Brothers Big Sisters of Oklahoma and was inducted into Phi Kappa Phi, Alpha Lambda Delta, and the National Society of Collegiate Scholars. Over breaks, she shadowed an audiologist and assisted in educational programs for patients. Many times, I found that it was the people I was helping that had the larger impact on me. Ambitious plans Andrea graduated summa cum laude and currently attends Vanderbilt University in pursuit of a doctor of audiology degree. I would like to help educate the families of older people who are struggling with a hearing loss. She plans to treat patients internationally and eventually open a private practice.
Paige e. tryggestad
Nursing those in need

rewarded with opportunity In 2006, Paige E. Tryggestad received a National Merit $2500 Scholarship. I was truly blessed to receive this scholarship, and it has made a huge impact on my lifepast, present, and future. While at the University of Tulsa, Paige studied Spanish and traveled to the Dominican Republic for a Spanish immersion public-health program. I gained an understanding and appreciation for the country, the language, and its people ... and a passion for serving the healthcare systems in underdeveloped regions where help is desperately needed. She was inducted into Phi Beta Kappa, Mortar Board, and Order of Omega, and she graduated magna cum laude in 2010. restoring compassion through nursing Paige has since gravitated to the field of nursing; she is currently enrolled at Oklahoma City University where she plans to obtain a BSN degree. She credits her studyabroad experience, working at a pediatricians office, and fundraising for a research hospital as career-path triggers. After she receives her second bachelors degree, Paige will take the nclex certification test to become a registered nurse. Eventually, Paige would like to complete a masters degree and be involved with Doctors Without Borders. I hope to impact the medical field itself by restoring some amount of compassion and trust that has been lost. She plans to restore compassion one patient at a time and through international medical relief missions. National Merit Scholarship Corporation 21
ZacHary a. greenBerg
Leader on and off the court

Pursuits rewarded Before beginning his undergraduate career as a student-athlete at Washington University in St. Louis, Zachary A. Greenberg recognized the significance of his accomplishments. To me, being a National Merit Scholarship recipient represented an investment in my academic future. The national recognition not only rewarded my pursuits in high school, but also allowed me to expand my horizons as I entered college. I was able to open doors that led to an invaluable undergraduate experience. Zachary received the National Merit Washington University in St. Louis Scholarship for four years of study. Balanced life and big wins For balancing academics and leading the Varsity Mens Basketball team to victory in two ncaa Division III National Championships, Zachary earned the coveted W. Alfred Hayes Award for the Class of 2010. He also had an opportunity to complete several internships; he interned for the U.S. Attorneys OfficeDistrict of Arizona, the Arizona Attorney Generals Office, and Burson-Marsteller, a leading global public relations agency in New York City. My fellow nyc interns and I created a comprehensive marketing plan. Our team ended up winning the competition, but the real learning came from the process and honing our presentation skills that will undoubtedly prove useful in my future.
90% of SCholARS gRAduAted fRoM College With SoMe foRM of hoNoRS (SuMMA, MAgNA, oR CuM lAude). 39% gRAduAted SuMMA CuM lAude (With higheSt hoNoRS).
return on investment Zachary was initiated into Mortar Board, and he graduated cum laude in May 2010 with a bachelors degree in psychology. He has recently returned to his alma mater where he is currently enrolled as a law student. He attributes his undergraduate success to opportunities received through National Merit Scholarship Corporation. To potential scholarship sponsors, I simply say that your efforts aid in allowing thousands of students to attend some of the most selective colleges and universities in the world. Your investment is sure to see huge returns as these students graduate and continue to impact the world around them. Zachary hopes to dive into real-world issues as an advocate for corporate clientele.
22
2006 Scholars
Melani r. FrencH
Immersed in veterinary pursuits

Determination at every level A National Achievement $2500 Scholarship helped Melani R. French meet her goals with certainty. Melani attended Hampton University (HU) and was presented with the HU Presidents Cup Award, the highest award given to a senior. She graduated as the salutatorian and was awarded a baccalaureate degree in biological sciences with the highest distinction, summa cum laude. Once I set a goal, I do everything I can to achieve it. When I was a child, I decided that I wanted to be a veterinarian. Therefore, I made sure to maintain an exemplary grade point average through every level of schooling.
78% of SCholARS CoMpleted At leASt Summer internships During the summer prior to graduation, Melani oNe iNteRNShip, ANd 53% CoMpleted A conducted a research project on the effect of maternal immune stimulation on mice with congenital toxo- Study-AbRoAd pRogRAM. plasmosis at the Virginia-Maryland Regional College of Veterinary Medicine at Virginia Polytechnic Institute and State University. Before this experience, it never occurred to me that a veterinarian could opt to be a researcher, impacting the entire career field without setting foot in a clinic. By spending time in the Veterinary Teaching Hospital, I was able to interact with 4th-year veterinary students and their professors as they helped clients. Being so fully immersed in various aspects of the veterinary profession solidified my desire to pursue my DVM degree. Melani also completed an internship at the National Aquarium in Baltimore in the conservation department, working for the Marine Animal Rescue Program.
Pursuing dreams Melani is now a first-year medical student at the Virginia-Maryland Regional College of Veterinary Medicine. I have chosen to pursue my dreams of becoming a veterinarian because I would like to help both animals and their owners.... The field of medicine is constantly changing.... I hope that something I do or say may one day impact the entire veterinary field.
23
Past years ScholarsMaking an impact

kirsten M. (nutt) alexander
rigorous studies In 1986, Kirsten M. Alexander received the National Merit New York University Scholarship; this award allowed her to pursue her passion for art history and creative writing. My National Merit Scholarship made it possible to attend one of the most rigorous art history programs in the country, and to live in New York City. Kirsten was able to participate in the American University in Paris study-abroad program because of the reduced financial strain. She toured the cathedrals of France and art museums in Amsterdam, Madrid, and Venice. New horizons on the Web The arrival of the nineties opened new horizons. Kirsten attended American University in Washington, D.C., where she received a master of fine arts in creative writing and delved into what makes the English language hum. As time progressed, the written word evolved into the digital word, and Kirsten immersed herself in this new technology. There werent a lot of women in the Web world early on, and I actively and successfully worked to get women into the field, both as users and professionals. I helped found the local chapter of Webgrrls in Boston and an ongoing free womens night at a local non-profit to train lowincome women in how to use the Internet. Both had a big impact on getting women into what was then a heavily male industry. It helped to dispel the myth that the Internet was only for geeky guys or that women couldnt speak geek. Accomplishments and legacy Early in her professional career, Kirsten taught college technology courses and worked as a columnist for Web Review and a news editor for W3C Journal. As the founding editor of the Match.com online magazine, she was among revolutionaries who helped steer and shape the World Wide Web in its earliest days. By the late nineties, Kirsten was working in Boston as a consultant for high-tech start-ups. Now, well into her professional career, Kirsten works in the non-profit world as the first Marketing & Communications Officer for the Boston Athanaeum and the Senior Membership Manager at Historic New England. When Kirsten is not busy educating and inspiring, she commits her time to volunteering for the Junior League of Boston. She also participates in the neighborhood association of her diverse Boston community, where she raises her young daughter. I am so delighted to have a daughter who loves to learn and who is a voracious reader at the age of seven. She is my real legacy. 24 Annual Report
Boston consultant speaks geek
Jarol Bruce ManHeiM
Educator on Capitol Hill

communication. A lot of my former students have Confident switch An attraction to domestic affairs influenced Jarol Bruce become influential in politics and the media-camManheims choice of undergraduate studies. I went off paign managers, political web gurus, corporate public to college in 1964 ready to study accounting, my fathers affairs executives, network correspondents, leadership idea of a great major. Along the way, I switched to press officers on the Hill, government policymakers, political science, my idea of a great major. Jarol and the like. I claim very little credit for that. They were received the National Distillers Merit Scholarship sharp as tacks when they got here. But it sure has been from Millennium Petrochemicals Inc. in 1964. Receiv- fun to watch. ing that scholarship was literNoted author ally a life-changing event. ReCeiviNg thAt ScHOlARSHiP Jarol led a joint effort to creEven though I worked hard and did well in school, pay- WAS liteRAlly A liFE-cHANGiNG ate the flagship journal Political Communication. He has also ing for college was going to eveNt.... eveN though i WoRked written scholarly articles and be a challenge. hARd ANd did Well iN SChool, influential books on politics, public diplomacy, and commuHumble pioneer pAyiNg foR College WAS goiNg to nication strategies. His book After obtaining a masters Empirical Political Analysis was degree and PhD in political be A ChAlleNge. the first research methods science from Northwestern political-science text to be University, Jarol taught at the translated into Arabic. Strategy in Information and City College of New York (ccny) from 19711975. At ccny, he designed one of the earliest courses in Influence Campaigns is Jarols most recent book; early media and politics. Then he accepted a position at reviewers suggest it will have a lasting impact on the Virginia Polytechnic Institute and State University, field of political communication. where he initiated a hands-on course in political camTo current students, Jarol has these inspiring words: paign techniques. Hard work and accomplishment are their own rewards, For nearly 25 years, Jarol has taught strategic politi- but they are also gateways to futures as yet unimagined. cal communication at George Washington University A National Merit Scholarship is both a recognition of (GW) in Washington, D.C. As the founding director of what you have achieved to date and a bridge to what GWs School of Media and Public Affairs, he developed you might yet become. To potential sponsors he says: the worlds first degree-granting program in political Change a life, fulfill a dream, build the future. National Merit Scholarship Corporation 25
stePHen BeMis
Proclivity to learn
Personal quests Stephen Bemiss early life can be categorized as an exploratory chapter. After receiving a National Merit Scholarship in 1965, Stephen attended Yale University majoring in sociology and minoring in economics. After graduating from Yale, he worked for a short time at a garbage company before pursuing a career in law. He graduated with a JD from Chicago-Kent College of Law at Illinois Institute of Technology in 1975. He began his law career as a pension/benefit lawyer in Chicago. Stephen later relocated his family to Ann Arbor, Michigan, where he practiced corporate law for 30 years. He retired from the Masco Corporation in 2009. I am blessed in marriage, since my spouse Judy shares my proclivities to constantly learn and keep engaged in new community, family, and personal quests. At Masco, Stephen headed all pro-bono projects and broadened his own practice to include environmental law and products liability. In later years, I would be the go-to person for both environmental and pension/benefit matters. Stephen is rated AV-preeminent (5.0 out of 5.0) in the Martindale-Hubbell Peer Review lawyer rating system. Giving back After 55 years, Stephen still appreciates the significance of his early academic recognition. Even though I rarely mention it, even today, having won a National Merit Scholarship unfailingly makes an impact. There is simply nothing wrong about shining a spotlight and helping kids make the most of their God-given talents.
AN NMSC SCholARShip, loCAlized to A SpoNSoRS WoRkfoRCe ANd/oR CoMMuNity, iS AN elegANtly effiCieNt WAy to SloW doWN youR MoNey ANd give it tRACtioN With deMoNStRAble loNg-teRM beNefit to the SpoNSoRS ReputAtioN iN the CoMMuNity, obviouSly to the WiNNiNg SCholARS, ANd ultiMAtely to the bEttERMENt OF SOciEty.
Receiving the award highlighted Stephens accomplishments and talents. The sentiment of being a National Merit Scholar and the achievements it recognizes did not dissolve after graduation. Beyond his undergraduate years, Stephen returns the favor by finding new talents. Since college graduation, I have attempted to give back to Yale by interviewing high school seniors who apply to Yale (and, for more than ten years, chairing all Southeast Michigan interviewers) in gratitude for the efforts of a Yale alumnus who recruited me. As Stephen approached retirement, his interests shifted to local food initiatives and advocacy for small farms. Even as I helped organize local farmland preservation through local purchase of development rights millages, I have become convinced in recent years, that the highly processed food which has become normal during my lifetime is in fact a major factor in largely coincident increases in many chronic diseases. He currently serves on the boards of the Farm-to-Consumer Legal Defense Fund and the Farm-to-Consumer Foundation as an advocate for unprocessed foods, raw (unpasteurized) milk, and sustainable farming. 26
Past years Scholars
susan s. g. WierMan
Jon P. HauxWell
Urban planner and educator

Grateful for support In 1968, Susan S. G. Wierman received the National Merit Sears Foundation Scholarship for four years of study. My father was a credit manager at the Sears store. Sears Foundation provided support for employees children, and I am very grateful for that support. Susan believes the award helped her transition into college academia. It was helpful both financially and in giving me the self-confidence to make the big step from a small high school to undergraduate studies at the University of Washington (UW). Clean air patroller A Phi Beta Kappa, Susan graduated cum laude with a degree in urban planning and also attended UW for a masters program. As a graduate student, she completed a fellowship with the U.S. Department of Housing and Urban Development, and her research was published by united Nations Educational, Scientific and Cultural Organization. Since 1977, concurrently with the passage of amendments to the Clean Air Act, her work has focused on air pollution control. She is now the Executive Director of the Mid-Atlantic Regional Air Management Association and organizes technical training programs for civil servants. My most satisfying career accomplishment has been to build the MidAtlantic Regional Air Management Association from a small, two-person operation into a much larger organization that provides valuable educational and technical services to the state and local air quality agencies in our region. She has also been recognized as a Fellow Member of the Air & Waste Management Association. Its good to be a part of that effort to help protect public health. Susan and her husband are also the proud parents of a son who is an Assistant Professor at the California Institute of Technology.
Physician serves underserved

The gift of education Jon P. Hauxwell entered a new world as an undergraduate. I came from a family that wasnt wealthy, so my National Merit Scholarship really enabled my obtaining an education. Jon received a National Merit Scholarship for four years of undergraduate study and attended the University of Kansas. He is a member of Phi Beta Kappa and graduated summa cum laude in 1970 with a bachelors degree in Russian and SovietSlavic studies. Making a difference Jon also attended the University of Kansas for medical school and his residency. Afterward, he moved with his family to the Northern Cheyenne Reservation in Montana to work for the Indian Health Service (ihs) as the clinical director, advisor, and resident instructor. I wanted to practice where I could make a difference.... I was able to bring informed, compassionate medical care to a population which had long been underserved and underfunded. I built bridges between our (mostly Anglo) providers and the community.... We became acculturated and raised our kids bi-culturally. Jon also served as Vice Chairman of the inaugural Montana Governors Advisory Committee on Tobacco Use Prevention and helped develop an intervention program for ihs facilities. In retirement, Jon remains active in tobacco control efforts. He serves as Immediate Past President of the Tobacco Free Kansas Coalition, and he also writes a weekly column for The Hays Daily News. In 2001, he and his wife returned to Kansas to care for Jons aging parents, but they manage frequent trips to Montana. The Cheyennes are our family, and the Rez is still our home.
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National Merit Program scholarship sponsors
The National Merit Scholarship Program strives to provide scholarships for as many students as possible. The 434 independent sponsor organizations are making an impact on the lives of over half of the Finalists and a substantial number of other deserving program participants in each annual competition by providing scholarships for their undergraduate education. Corporate, foundation, and other business organizations have provided scholarships in all 55 Merit Scholarship competitions completed to date. Colleges and universities began underwriting awards in 1963. In 2010, sponsor organizations financed 74% of the scholarships awarded. All funds provided by sponsors are used for scholarships and are 100% tax-deductible. Corporate sponsorship The 237 corporate organizations that sponsored awards in the 2010 competition represent the broad spectrum of U.S. business, including many Fortune 500 companies. They share the belief that supporting the educational development of intellectually talented youth is a wise investment in the future, and they value the relationships that develop with their award recipients. Commonly regarded as the highest honor a U.S. high school student can earn, the Merit Scholar title is a distinction with which corporate sponsors are proud to be associated. Through a formal agreement with nmsc, corporate and foundation sponsors tailor their programs to fit their objectives by specifying candidate qualifications that match their particular interests. The number of scholarships a company or foundation offers annually ranges from one to more than 100. These sponsors also select the monetary limits of scholarships they finance. All aspects of program management, from identification of candidates to distribution of scholarship payments to winners, are handled by nmsc without charge. Services include providing sample materials for publicizing a sponsors program, Web-based entry for award candidates, distribution and collection 28 Annual Report
putnam investments president and Chief executive officer Robert l. Reynolds presents certificates to 2010 Special Scholarship winner Marissa l. Snelling (left) and Merit Scholarship winner Aseem Mehta. Putnam llc sponsors awards in the National Merit program for the children of employees of putnam investments and its subsidiaries.
of applications, selection and notification of award winners, public announcement of National Merit Scholarship recipients, and certificates for presentation to winners. nmsc also monitors the Scholars progress during their undergraduate years and sends their sponsors periodic status reports. College and university sponsorship The 197 higher education institutions that provided Merit Scholarship awards in 2010 range from small private colleges to flagship state universities, and they all share the ability to attract National Merit Program Finalists to their campuses. For college sponsors, nmsc provides lists of Finalists who have named their respective institutions as first choice, from which college officials choose winners of their awards. nmsc sends scholarship offers to winners, issues press releases, provides certificates for presentation to Scholars, and administers the awards during the recipients undergraduate years, all without charge.
Sponsors and the scholarships they supported in the 2010 National Merit Scholarship Program
Sponsor Merit Special Sponsor Merit Special
Abilene Christian University Accenture llp Administaff Services, l.p. adp Foundation Air Products and Chemicals, inc. Akzo nobel inc. Albany international Albion College The Alcon Foundation, inc. The Allergan Foundation Alma College Ameren Corporation Charitable Trust American City Business Journals, inc. American Electric Power Company, inc. American Financial Group American University AmerisourceBergen Corporation The ametek Foundation Anadarko Petroleum Corporation Anheuser-Busch Companies, inc. Aon Foundation Arch Chemicals, inc. Archer Daniels Midland Company Arizona State University Armstrong Foundation asc Partners, llc asm Materials Education Foundation Astellas us llc AstraZeneca Pharmaceuticals lp Auburn University Austin College Ball State University basf Corporation Battelle Bayer usa Foundation Baylor University Bethel University (Minnesota) Trust Under The Will of Mary E. Beyerle Birmingham-Southern College The Black & Decker Corporation Black & Veatch Corporation bmc Software, inc. bnsf Foundation The Boeing Company Boise State University BorgWarner inc. Boston College Boston University Bowdoin College bp Foundation, inc.
8 6 2 8 2 2 2 2 1 6 1 5 2 10 1 3 1 4 1 78
2 30 4 2
5 3 2
8 4 1 4 3 9 18
2
1 2 10 113 2 3 5 19 5 50 2 7 6 2 1 2 59 9 1 7 29 45 21
10 5
28
Bradley University Branch Banking & Trust Company Brandeis University Bridgestone Americas Trust Fund Brigham Young University Bristol-Myers Squibb Foundation, inc. Broadridge Financial Solutions, inc. Bucknell University Bunge north America, inc. Bunzl usa, inc. Butler University caci international inc Calvin College Cargill, incorporated Carleton College Carlisle Companies incorporated Carpenter Technology Corporation Case Western Reserve University Centocor Ortho Biotech inc. Centre College Chevron usa, inc. Claremont McKenna College Clemson University cna Foundation cna Surety Colby College (Maine) Colgate-Palmolive Company Collective Brands, inc. College of Charleston College of Wooster Colorado College Colorado State University Computer Sciences Corporation ConAgra Foods Foundation Concordia College (Minnesota) consol Energy inc. Continental Grain Foundation Corning incorporated Corporate sponsor grants country Financial Covidien Creighton University Cytec industries inc. Davidson College Denison University DePauw University Dickinson College (Pennsylvania) Dole Food Company, inc. R. R. Donnelley Foundation The Dow Chemical Company Foundation
7 1 10 1 50 15 1 4
9 49 35 3 2 5
6 5 18 6 40
4 2 5
29 3 3 9 15 28 3 6 2 4 4 10 3 16 2 1 1 4 136 1 3 3 3 13 4 4 2 15
15 2 8 5
13 2 1 4 20 1
1 14
29
(National Merit Program scholarship sponsors, continued)

Dow Jones Foundation Drake University Dresser, inc. e*trade Financial Eastman Chemical Company Foundation, inc. Eaton Charitable Fund El Paso Corporate Foundation Electrolux north America Emory University Estee lauder Companies, inc. ethicon, inc. FedEx Freight Corporation FedEx Ground Package System, inc. Ferro Foundation Fifth Third Foundation fil Holdings Corporation inc. First Hawaiian Bank Florida State University fmc Corporation fmc Technologies, inc. Fordham University Formosa Plastics Corporation, u.s.a. Franklin and Marshall College Freeport-McMoRan Copper & Gold Foundation Furman University gaf Materials Corporation Gannett Foundation, inc. geico Philanthropic Foundation GenCorp Foundation, incorporated General Dynamics General Dynamics, Ordnance and Tactical Systems General Mills Foundation George Washington University Georgia institute of Technology Georgia-Pacific Foundation, inc. Gerdau Ameristeel Corporation gkn Foundation GlaxoSmithKline Gleason Foundation Global Tungsten & Powders Corp. Gonzaga University Goodrich Foundation, inc. The Goodyear Tire & Rubber Company
4 5 1 2 2 7 2 55 2 2 1 1 2 20 3
6 1
8 8 1 1 20 7 2 16 1
2 32 5 4 5 18 2 12 2 5 28 2 3 16 88 3 1 12
47 10 4 3 1
2 5 1
Change a life, fulfill a dream, build the future. Jarol bruce Manheim 1964 Scholar
30 Annual Report
Gordon College (Massachusetts) Goshen College W.W. Grainger, inc. Greyhound lines, inc. Grinnell College Gustavus Adolphus College Hampshire College Harding University Harris Corporation Harsco Corporation Fund Harvey Mudd College H. J. Heinz Company Foundation Hendrix College Henkel of America, inc. Hillsdale College Hoffmann-la Roche inc. Honeywell international, inc. Hope College Hormel Foods Charitable Trust Houghton Mifflin Harcourt Publishing Company The Harvey Hubbell Foundation The ikon Office Solutions Foundation illinois Tool Works Foundation illinois Wesleyan University indiana University Bloomington ingersoll-Rand Charitable Foundation intermec Foundation international Specialty Products inc. international Union of Bricklayers and Allied Craftworkers invensys Controls iowa State University ithaca College Jacobs Engineering Foundation Janssen Supply Chain John Bean Technologies Corporation Johnson & Johnson Consumer Companies, inc. Johnson & Johnson Pharmaceutical Research & Development, l.l.c. Johnson & Johnson World Headquarters Kalamazoo College Kaman Corporation Kansas State University The Kennametal Foundation Kenyon College Knovel Knox College lanxess Corporation lawrence University (Wisconsin) lehigh University
3 1 3 28 3 2 15 2
7 5
3 44 6 15 1 15 3 25 7 1 2 1 8 6 51 9 3 1 4 5
17 4 9 22
8 7 2 2 1
34 8 5 1 3 3 2 3 3 9 1 24 2 4 12 8 4 4 1 3
Receiving a National Merit Scholarship can be a life-changing experience for a studentit certainly was for me. even now, i still credit many of my successes in college to receiving this scholarship. Andrea P. Fowler 2006 Scholar
lennox international inc. lewis & Clark College liberty Mutual Scholarship Foundation liberty University lockheed Martin Corporation Foundation loews Foundation lord & Taylor Foundation lorillard Tobacco Company louisiana State University louisiana Tech University loyola University Chicago The lubrizol Foundation luther College luxottica Retail Macalester College Macys Foundation Marquette University Marsh & Mclennan Companies, inc. McDermott incorporated McDonalds Corporation The McGraw-Hill Companies, inc. McKesson Foundation inc. Mead Witter Foundation, inc. Glenn and Ruth Mengle Foundation Messiah College Metlife Foundation Miami University Michigan State University Michigan Technological University Mississippi State University Missouri University of Science and Technology The mitre Corporation The Modine Manufacturing Company Foundation, inc. Montana State University-Bozeman The Moodys Foundation Motorola Foundation national Distillers Distributors Foundation national Merit Scholarship Corporation nationwide Foundation new College of Florida new Jersey Manufacturers insurance Group new York life Foundation new York University
1 8 7 9 45 2 1 31 3 16 3 3 27 7 11 8 5 5 4 5 10 1 4 8 23 30 7 19 8 2
10 9 55 2 2 7
8 41 12
16 15
2 7 2 19 9 2,365 6 14 5 83 4 2
newMarket Corporation nextEra Energy Foundation, inc. niSource Charitable Foundation norfolk Southern Foundation north Dakota State University northeastern University (Massachusetts) northrop Grumman Corporation northwestern University novartis Corporation novo nordisk inc. nstar Foundation Oberlin College Occidental College Occidental Petroleum Corporation ODonnell Foundation Ohio State University Ohio University Oklahoma City University Oklahoma State University Old national Bank Foundation Franklin W. Olin College of Engineering omnova Solutions Foundation, inc. Omron Foundation, inc. Oregon State University Ortho-Mcneil-Janssen Pharmaceuticals, inc. Ouachita Baptist University Owens Corning Foundation Parker Hannifin Foundation Frank E. Payne and Seba B. Payne Foundation The Penn Mutual life insurance Company Pennsylvania State University Pepperdine University PepsiCo Foundation, inc. Pfizer inc Pilkington north America, inc. Pomona College ppg industries Foundation ppg industries, inc. Public Service Enterprise Group Putnam llc Quanex Foundation Rensselaer Polytechnic institute Research Triangle institute Rexam inc. Foundation
2 3 3 2 6 58 43 166 20 2 2 50 3 2 2 76 3 4 25 1 12 5 15 3 3 2 3 3 1 3 2 10 21 6 23 3 1 20 2 2 1 3 12 8
2 1
29 2 45 2
31

Reynolds American Foundation Rheem Manufacturing Company Rhodes College Rice University Robbins & Myers Foundation Rochester institute of Technology Rockwell Automation Charitable Corporation Rockwell Collins Charitable Corporation Rolls-Royce north American inc. Rose-Hulman institute of Technology Rutgers, The State University of new Jersey Ryerson Foundation Saint louis University St. Olaf College Samford University Santa Clara University sap America, inc. Schering-Plough Foundation, inc. Schindler Elevator Corporation Schneider Electric/Square D Foundation Schweinburg Fund Science Applications international Corporation Scripps College Scripps Howard Foundation Sensient Technologies Foundation Sentry insurance Foundation, inc. The Shaw Group inc. Siemens Foundation
1 10 112 1 9 5 14 3 9 20 2 3 29 6 4 4 10 1 3 23 20 3 1 6 30
12 3
9 15
11 3 4 30
Snap-on incorporated Sodexo, inc. Sogeti usa llc Solvay north America, llc Sony Electronics inc. South Broward Board of Realtors South Dakota State University Southern Company Services, inc. Southern Methodist University Southwest Airlines Co. Southwestern University C. D. Spangler Foundation, inc. Spirit AeroSystems, inc. State Farm Companies Foundation Stony Brook University Suburban Propane, l.p. Synopsys, inc. Tate & lyle Americas, inc. Taylor Publishing Company Technicolor usa, inc. Telcordia Technologies Tellabs Foundation Tennessee Technological University Teradata Corporation Texas A&m University Texas Christian University Texas instruments incorporated Texas Tech University
2 2 3 4 2 1 11 25 5 3
2 2 5 8 4 2 1 2 2 2 3 4 134 4 21 6 95 2
A sponsor in nmsc scholarship programs for the past 41 years, Ameren corporation charitable trust annually hosts an awards ceremony for scholarship recipients. Ameren Corporation Chairman of the board, president, and Chief executive officer thomas R. voss presents scholarship certificates to (left to right) Special Scholarship winner Nikolaos S. Maggos, Merit Scholarship winner Abigail S. henderson, and Special Scholarship recipient Anne e. higgins.
32
Annual Report
Sponsor
Merit Special
Sponsor
Merit Special
Textron Charitable Trust J. Walter Thompson Company Fund, inc. 3M Company Tomkins Corporation Foundation Towers Watson and Company Transylvania University The Travelers Employees Club Tredegar Corporation Trinity University Truman State University Tufts University Tulane University United Services Automobile Association United Space Alliance United States Fire insurance Company University of Alabama at Tuscaloosa University of Alabama at Birmingham University of Arizona University of Arkansas, Fayetteville University of Central Florida University of Chicago University of Cincinnati University of Dallas University of Dayton University of Evansville University of Florida University of Georgia Foundation University of Houston University of idaho University of illinois at Urbana-Champaign University of iowa University of Kansas University of Kentucky University of louisville University of Maine University of Maryland University of Miami University of Minnesota University of Mississippi University of Missouri-Columbia University of Montana University of nebraska-lincoln University of nevada, Reno University of nevada, las Vegas University of new Mexico University of north Carolina at Chapel Hill University of north Dakota University of north Texas University of Oklahoma University of Oregon
2 12 4 3 6 2 8 17 49 35 1 3 109 10 50 24 40 203 37 24 2 12 132 35 12 19 48 24 26 24 10 3 54 23 76 20 21 3 35 8 3 15 124 6 9 188 11
8 2 28 6
3 2
17 2
University of Pittsburgh University of Puget Sound University of Richmond University of Rochester University of St. Thomas (Minnesota) University of the South University of South Carolina University of South Florida University of Southern California University of Southern Mississippi University of Tennessee University of Texas at Dallas University of Tulsa University of Utah University of Vermont University of Washington University of Wisconsin-Madison University of Wisconsin-Eau Claire University of Wyoming The ups Foundation Ursinus College usg Foundation, inc. Utility Workers Union of America, afl-cio Valparaiso University Vanderbilt University Varian Medical Systems Villanova University Virginia Polytechnic institute and State University Vulcan Materials Company Foundation Wake Forest University Walgreen Co. Washington and lee University Washington State University Washington University in St. louis The Waste Management Charitable Foundation Wayne State University (Michigan) West Virginia University Foundation, inc.
3 1 5 36 5 7 28 12 196 5 15 30 46 14 5 10 5 4 1 20 4 2 2 144 1 5 15 3 15 14 14 3 161 1 5 20
105 3 2
your efforts aid in allowing thousands of students to attend some of the most selective colleges and universities in the world. your investment is sure to see huge returns as these students graduate and continue to impact the world around them. Zachary A. Greenberg 2006 Scholar
National Merit Scholarship Corporation 33

Sponsor Merit Special
Western Washington University Westminster College (Utah) Westmont College Wheaton College (illinois) Whitman College Whitworth University Willamette University The Williams Companies Foundation, inc. Wilson Sporting Good Co. Wofford College Worcester Polytechnic institute Wm. Wrigley Jr. Company Wyeth Xavier University (Ohio) The Xerox Foundation
3 3 3 25 22 2 3 2 7 8
National Merit $2500 Scholarships All corporate sponsors also provide grants in lieu of paying administrative fees to help nmsc underwrite national Merit $2500 Scholarships. Presidents Fund Unsolicited contributions to support Merit Scholarship awards were received from the following donors in the 200910 fiscal year. They are acknowledged with sincere appreciation.
8 1 Ann Bradley Charles H. Dishman iii Family Foundation inc. Barbara J. Hillman lending Processing Services nicholas Foundation Beth l. ODonohoe Red Hat, inc.
4 10 29 7 17 8,292 1,359
for 28 years, Harris corporation has provided scholarships for the children of employees of the corporation and its divisions. government Communications Systems division (gcsd) vice president, human Resources Andrea bortner (left) and gcsd group president Sheldon J. fox (right) congratulate National Merit harris Corporation Scholarship recipients and their families. Shown holding their certificates are (front, left and right) tyler C. laprade and taylor S. zimmerman.
34
Annual Report
National Achievement Program scholarship sponsors
Corporations, foundations, business organizations, and professional associations have financed National Achievement Scholarships in every competition, including the first in 1965. They have made an impact by expending or committing over $48 million for some 13,600 awards for outstanding Black American high school students to continue their education. Sponsors provide Achievement Scholarship awards through an agreement with nmsc. The National Achievement Programs professional services for sponsors are provided by nmsc without charge and include all aspects of candidate identification and award administration. Certificates are provided for sponsors to present to their winners, and a press release is sent to news media in each Scholars community. Sponsors of scholarships in the 2010 National Achievement Scholarship Program
Sponsor # awards
Allyse A. terrell, a 2010 National Achievement Chevron Corporation Scholarship winner, expresses her gratitude at an awards luncheon. chevron corporation sponsors scholarships in both the National Merit and National Achievement Scholarship programs.
Sponsor # awards
adp Foundation
Ameren Corporation Charitable Trust Black Contractors United The Boule Foundation bp Foundation, inc. Chevron usa, inc. Computer Sciences Corporation Con Edison Delta Sigma Theta Sorority, inc. Gaylord and Dorothy Donnelley Foundation ExxonMobil Freeport-McMoRan Copper & Gold Foundation geico Philanthropic Foundation General Mills Foundation gkn Foundation Goodrich Foundation, inc. The links Foundation, incorporated The links, inc., Houston Chapter loews Foundation McDonalds Corporation The McGraw-Hill Companies, inc. Mead Witter Foundation, inc. Metlife Foundation
2 1 1 12 2 3 1 2 1 1 2 1 1 2 2 1 4 1 1 1 4 4 3
Motorola Foundation national Merit Scholarship Corporation nationwide Foundation navistar Foundation newMarket Corporation novartis Corporation Occidental Petroleum Corporation Ortho-Mcneil-Janssen Pharmaceuticals, inc. PepsiCo Foundation, inc. ppg industries Foundation Research Triangle institute Reynolds American Foundation Sony Electronics inc. State Farm Companies Foundation United Services Automobile Association The ups Foundation Walgreen Co. The Williams Companies Foundation, inc. The Xerox Foundation
3 686 1 1 1 1 1 1 1 2 1 5 3 20 1 7 2 1 12 803
Achievement Fund in the fiscal year that ended May 31, 2010, a contribution that will be used to support Achievement Scholarship awards was received from illinois Tool Works Foundation. Their generosity is gratefully acknowledged.
35
Colleges and universities enrolling the 2010 entering class of Merit Scholar awardees
Merit Scholars Merit Scholars Merit Scholars
8* 1 2* 1 7* 17* 20 100* 134* 1 2* 1 3* 1 4 62* 1 1 4* 6* 9* 12* 42* 52* 7* 10* 1 76* 1 78 1 4* 7* 41 1 19* 57* 24 1 38* 1 3 4* 1 23* 1 38*
Abilene Christian University (8) Adelphi University Albion College (2) Alfred University Alma College (6) American University (10) Amherst College Arizona State University (78) Auburn University (113) Augsburg College Austin College (2) Azusa Pacific University Ball State University (3) Bard College at Simons Rock: The Early College Barnard College Baylor University (50) Bellarmine University Belmont University Bethel University (2) Birmingham-Southern College (6) Boise State University (9) Boston College (7) Boston University (29) Bowdoin College (45) Bradley University (7) Brandeis University (10) Brescia University Brigham Young University (50) Brigham Young University-idaho Brown University Bryn Mawr College Bucknell University (4) Butler University (6) California institute of Technology California Polytechnic State University, San luis Obispo Calvin College (18) Carleton College (40) Carnegie Mellon University Carthage College Case Western Reserve University (29) Catawba College Cedarville University Centre College (3) cuny-City College Claremont McKenna College (15) Clayton State University Clemson University (28)
1 1 7* 2 4* 2 1 7 4* 11* 2 3* 63 1* 1 1 1 1 53 3 5* 84 10* 1 2 13* 1 4* 6* 5* 4 101 1 1 70* 1 21* 1 28* 6* 1 5* 23* 1 18* 28 121*
Cleveland institute of Music Cleveland State University (Ohio) Colby College (Maine) (6) Colgate University College of Charleston (4) College of new Jersey College of St. Benedict College of William and Mary College of Wooster (4) Colorado College (10) Colorado School of Mines Colorado State University (3) Columbia University Concordia College (Minnesota) (1) Concordia University (nebraska) Connecticut College Cooper Union for the Advancement of Science & Art Cornell College (iowa) Cornell University (new York) Covenant College Creighton University (3) Dartmouth College Davidson College (3) De Anza College Deep Springs College Denison University (13) DePaul University DePauw University (4) Dickinson College (Pennsylvania) (4) Drake University (5) Drexel University Duke University Elon University Emerson College Emory University (55) Florida Atlantic University Florida State University (20) Fontbonne University Fordham University Bronx (26) College at lincoln Center (6) Fort Hays State University Franklin and Marshall College (4) Furman University (18) Geneva College George Washington University (16) Georgetown University Georgia institute of Technology (88)
1 5* 3* 1* 1 30* 2 3* 2 3* 19* 261 60* 6 19* 20* 1 1 8* 1 7* 61* 47* 8* 1 28 1 2 3* 12* 28* 1 1 5* 1 13* 10* 1 12* 10* 1 39* 4* 2 19* 5* 31* 13* 1
Gettysburg College Gonzaga University (2) Gordon College (Massachusetts) (3) Goshen College (1) Graceland University Grinnell College (28) Grove City College Gustavus Adolphus College (3) Hamilton College Hampshire College (2) Harding University (15) Harvard College Harvey Mudd College (44) Haverford College Hendrix College (15) Hillsdale College (15) Hofstra University Hood College Hope College (7) illinois institute of Technology illinois Wesleyan University (6) indiana University Bloomington (51) iowa State University (34) ithaca College (8) John Carroll University Johns Hopkins University Juilliard School Juniata College Kalamazoo College (3) Kansas State University (9) Kenyon College (24) Kettering University The Kings College Knox College (4) lafayette College lawrence University (Wisconsin) (12) lehigh University (8) leTourneau University lewis & Clark College (Oregon) (8) liberty University (9) lipscomb University louisiana State University at Baton Rouge (31) louisiana Tech University (3) loyola Marymount University loyola University Chicago (16) luther College (3) Macalester College (27) Marquette University (11) Marshall University
*An asterisk indicates that Merit Scholars whose scholarships are sponsored by the institution are included; the number sponsored by the college is shown in parentheses.
36
Annual Report
Merit Scholars
Merit Scholars
Merit Scholars
136 1 4* 27* 40* 9* 9 1 20* 12* 7* 1 15* 1 1 1 99* 2 7* 66* 227* 57* 3* 1 92* 1* 3* 4* 31* 13* 1 17* 4* 1 1 1 15* 5* 1 1
Massachusetts institute of Technology Mercyhurst College Messiah College (4) Miami University-Oxford (23) Michigan State University (30) Michigan Technological University (7) Middlebury College Millsaps College Mississippi State University (19) Missouri University of Science and Technology (8) Montana State UniversityBozeman (7) Muhlenberg College new College of Florida (14) new England Conservatory new Jersey institute of Technology new Mexico institute of Mining and Technology new York University (83) north Carolina State University north Dakota State University (6) northeastern University (Massachusetts) (58) northwestern University (166) Oberlin College (50) Occidental College (3) Ohio northern University Ohio State UniversityColumbus (75) newark Campus (1) Ohio University-Athens (3) Oklahoma City University (4) Oklahoma State University (25) Franklin W. Olin College of Engineering (12) Oral Roberts University Oregon State University (15) Ouachita Baptist University (3) Pacific lutheran University Pacific Union College Palm Beach Atlantic University Pennsylvania State UniversityUniversity Park (3) Pepperdine University (2) Pitzer College Polytechnic institute of new York University
30* 192 12 1 7 23* 1 15* 169* 1 11* 2 11* 25* 1 7* 1 36* 9* 7* 1 24* 1 1 1 2* 29* 1 3* 142 2 12* 1 14 1 3* 177* 4* 10* 2 1 6* 1
Pomona College (6) Princeton University Purdue University Randolph College Reed College Rensselaer Polytechnic institute (20) Rhode island School of Design Rhodes College (10) Rice University (112) Roanoke College Rochester institute of Technology (9) Rollins College Rose-Hulman institute of Technology (9) Rutgers, The State University of new Jersey (20) St. Johns College (Maryland) Saint louis University (3) St. Marys College of Maryland St. Olaf College (29) Samford University (6) Santa Clara University (4) Savannah College of Art and Design Scripps College (20) Seattle Pacific University Shepherd University Smith College South Dakota State University (1) Southern Methodist University (25) Southern Utah University Southwestern University (Texas) (3) Stanford University State University of new York at Binghamton Stony Brook (8) Stevens institute of Technology Swarthmore College Temple University-Philadelphia Tennessee Technological University (3) Texas A&M University (134) Texas Christian University (4) Texas Tech University (6) Thomas Aquinas College Thomas College (Maine) Transylvania University (6) Trevecca nazarene University
9* 18* 62* 45* 1 1 128* 14* 1 68* 27* 1 83 2 21 12 46* 268* 41* 3 6 26* 4* 1 3 12* 157* 46* 15* 22* 72* 3 26* 33* 32* 13* 5* 63* 2 30* 60 101* 4*
Trinity University (Texas) (8) Truman State University (17) Tufts University (49) Tulane University (35) Union College (new York) University of Akron University of Alabama, Tuscaloosa (109) Birmingham (10) Huntsville University of Arizona (50) University of Arkansas, Fayetteville (24) little Rock University of California, Berkeley Davis los Angeles San Diego University of Central Florida (40) University of Chicago (203) University of Cincinnati (37) University of Colorado at Boulder University of Connecticut-Storrs University of Dallas (24) University of Dayton (2) University of Delaware University of Denver University of Evansville (12) University of Florida (132) University of Georgia (35) University of HoustonUniversity Park (12) University of idaho (19) University of illinois at Urbana-Champaign (48) Chicago University of iowa (24) University of Kansas (26) University of Kentucky (24) University of louisville (10) University of Maine (3) University of Maryland, College Park (53) Baltimore County University of Miami (23) University of Michigan University of MinnesotaTwin Cities (72) Morris (4)
37
(Colleges and universities enrolling the 2010 Merit Scholar awardees, continued)
Merit Scholars Merit Scholars
23* 23* 2 3* 46* 10* 3* 1 17* 160* 1 1 7* 9* 51 225* 11* 125 20* 1* 7* 45* 7* 7* 37* 13* 250* 5* 19*
51 39* 59* 17* 5* 44 30* 25* 4* 1 1*
University of Mississippi (20) University of MissouriColumbia (21) Kansas City University of Montana-Missoula (3) University of nebraska-lincoln (35) University of nevada, Reno (8) las Vegas (3) University of new Hampshire University of new Mexico (15) University of north Carolina at Chapel Hill (124) Charlotte Wilmington University of north Dakota (6) University of north Texas (9) University of notre Dame University of Oklahoma (188) University of Oregon (11) University of Pennsylvania University of Pittsburgh (3) University of Puget Sound (1) University of Richmond (5) University of Rochester (36) University of St. Thomas (Minnesota) (5) University of the South (7) University of South CarolinaColumbia (28) University of South Florida (12) University of Southern California (196) University of Southern Mississippi (5) University of Tennessee, Knoxville (15) University of Texas at Austin Dallas (30) University of Tulsa (46) University of Utah (14) University of Vermont (5) University of Virginia University of Washington (10) University of WisconsinMadison (5) Eau Claire (4) Oshkosh University of Wyoming (1)
5* 1 2* 188* 2 9* 20* 15* 1 22* 4* 215* 9* 5 9 1 24* 1 4* 4* 6* 31* 25* 4* 4* 27 9* 10* 7* 224 1
Ursinus College (4) Utah State University Valparaiso University (2) Vanderbilt University (144) Vassar College Villanova University (5) Virginia Polytechnic institute and State University (15) Wake Forest University (15) Walla Walla University Washington and lee University (14) Washington State University (3) Washington University in St. louis (161) Wayne State University (Michigan) (5) Wellesley College Wesleyan University (Connecticut) West liberty State University West Virginia University (20) Western Michigan University Western Washington University (3) Westminster College (Utah) (3) Westmont College (3) Wheaton College (illinois) (25) Whitman College (22) Whitworth University (2) Willamette University (3) Williams College Wofford College (7) Worcester Polytechnic institute (8) Xavier University (Ohio) (7) Yale University Yeshiva University
Scholars enrolled Colleges attended
5,086 3,206 8,292
217 126 343
private institutions public institutions
38
Annual Report
Colleges and universities enrolling the 2010 entering class of Achievement Scholar awardees
Achievement Scholars Achievement Scholars Achievement Scholars
1 3 2 1 4 11 1 4 1 1 1 1 1 19 1 1 1 1 3 1 1 1 1 2 1 1 6 24 8 11 1 1 1 1 23 1 1 10 1 3 1 1 1 2 5 2
Abilene Christian University Amherst College Andrews University (Michigan) Appalachian State University Arizona State University Auburn University Bard College at Simons Rock: The Early College Baylor University Bergen Community College Berry College (Georgia) Birmingham-Southern College Boston College Brandeis University Brown University Bryn Mawr College California institute of Technology California State University, long Beach Carleton College Carnegie Mellon University Case Western Reserve University Central Michigan University CUnYCity College Hunter College Clemson University Cleveland State University (Ohio) College of the Holy Cross College of William and Mary Columbia University Cornell University (new York) Dartmouth College Davidson College DePauw University Drake University Drexel University Duke University East Stroudsburg University of Pennsylvania Elon University Emory University Evangel University Florida A&M University Fordham University Fort Valley State University Furman University George Washington University Georgetown University Georgia College & State University
11 1 2 1 2 1 64 3 1 1 1 1 12 2 1 1 1 4 1 1 1 3 1 1 1 3 1 1 2 30 2 1 1 1 3 1 1 7 2 3 1 14 2 1 8 1
Georgia institute of Technology Georgia Southern University Georgia State University Guilford College Hamilton College Hampton University Harvard College Harvey Mudd College Haverford College Henderson State University Hendrix College Hope College Howard University indiana University Bloomington iowa State University Jackson State University (Mississippi) John Brown University Johns Hopkins University Johnson & Wales University Kalamazoo College Kenyon College lawrence University (Wisconsin) lebanon Valley College liberty University lone Star College louisiana State University at Baton Rouge loyola Marymount University loyola University new Orleans Macalester College Massachusetts institute of Technology Michigan State University Middle Tennessee State University Middlebury College Mississippi State University Morehouse College nazareth College of Rochester The new School new York University north Carolina Agricultural and Technical State University north Carolina State University northeastern University (Massachusetts) northwestern University Oakwood College Oberlin College Ohio State University-Columbus Ohio University-Athens
1 1 2 1 1 2 1 36 4 1 8 1 3 1 3 1 1 1 1 1 1 5 1 1 1 63 1 1 2 1 3 1 2 1 12 2 1 3 1 3 1
Oklahoma Baptist University Franklin W. Olin College of Engineering Pennsylvania State UniversityUniversity Park Pensacola Junior College Pepperdine University Pomona College Presbyterian College Princeton University Purdue University Reed College Rice University Robert Morris University (Pennsylvania) Rochester institute of Technology Rose-Hulman institute of Technology St. Johns University (new York) Samford University San Diego State University Sarah lawrence College Savannah College of Art and Design Scripps College Shenandoah University Southern Methodist University Southern University & A&M College at Baton Rouge Southwestern University (Texas) Spelman College Stanford University State University of new York at Buffalo Geneseo Swarthmore College Temple University-Philadelphia Texas A&M University Tiffin University Tufts University Tulane University University of Alabama, Tuscaloosa Birmingham University of Arkansas, little Rock University of California, Berkeley irvine los Angeles San Diego
39
(Colleges and universities enrolling the 2010 Achievement Scholar awardees, continued)
Achievement Scholars Achievement Scholars Achievement Scholars
3 6 1 1 12 4 1 1 1 1 7 3 1 6 11 1 3 2
University of Central Florida University of Chicago University of Denver University of Evansville University of Florida University of Georgia University of Hawaii at Manoa University of HoustonUniversity Park University of illinois at Chicago University of Kentucky University of Maryland, College Park Baltimore County University of Massachusetts Boston University of Miami University of Michigan University of Mississippi University of Missouri-Columbia University of new Mexico
10 1 4 7 13 8 1 1 1 9 2 6 1 3 1 1 6 13
University of north Carolina at Chapel Hill Charlotte University of notre Dame University of Oklahoma University of Pennsylvania University of Pittsburgh University of Redlands University of Rochester University of San Diego University of South CarolinaColumbia University of South Florida University of Southern California University of Southern Mississippi University of Texas at Austin Arlington University of Toledo University of Virginia Vanderbilt University
2 2 1 1 2 22 3 5 1 1 1 1 1 1 1 1 2 49
Vassar College Villanova University Virginia Polytechnic institute and State University Wake Forest University Washington and lee University Washington University in St. louis Wellesley College Wesleyan University (Connecticut) West Virginia University Western Kentucky University Willamette University Williams College Winthrop University Wofford College Worcester Polytechnic institute Wright State University-Dayton Xavier University of louisiana Yale University
Scholars enrolled
Colleges attended
582 221 803
112 77 189
private institutions public institutions
40
Annual Report
Financial rePort
June 1, 2009May 31, 2010
to the board of directors National Merit Scholarship Corporation evanston, illinois
We have audited the accompanying statements of financial position of National Merit Scholarship Corporation (nmsc) as of May 31, 2010 and 2009 and the related statements of activities and cash flows for the years then ended. these financial statements are the responsibility of nmscs management. our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the united States of America. those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. in our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of National Merit Scholarship Corporation as of May 31, 2010 and 2009, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the united States of America.
Mcgladrey & pullen, llp
Chicago, illinois August 5, 2010
41
StAtEMENtS OF FiNANciAl POSitiON May 31, 2010 and 2009 Assets Cash and cash equivalents investments, at fair value Money market funds Common and preferred stocks (cost: 2010, $20,641,991; 2009, $20,184,455) Mutual funds (cost: 2010, $114,845,268; 2009, $120,393,696) other assets Accrued interest and dividend income receivable other receivables furniture, equipment, software, leasehold improvements, and prepaid expenses liabilities and Net Assets liabilities Sponsor grants received in advance Accounts payable and accrued expenses payable to brokers and banks Net assets unrestricted National Merit program National Achievement program temporarily restricted National Merit program National Achievement program permanently restricted National Merit program National Achievement program
$ 2,050,948 489,673 15,338 2,555,959 $ 1,653,061 342,752 62,624 2,058,437
2010
$ 621,934 5,409,051 21,251,135 119,657,946 146,318,132 83,470 25,611 1,172,096 1,281,177 $ 148,221,243 $
2009
255,749 7,066,307 17,403,883 111,027,455 135,497,645 76,163 200,875 153,325 430,363 $ 136,183,757
125,620,635 16,597,992 142,218,627 290,770 94,871 385,641 2,421,016 640,000 3,061,016 145,665,284 $ 148,221,243
114,663,593 16,400,711 131,064,304 2,421,016 640,000 3,061,016 134,125,320 $ 136,183,757
See Notes to financial Statements.
42
StAtEMENtS OF ActivitiES years ended May 31, 2010 and 2009 Unrestricted Revenue: Sponsor grants and donor contributions investment income, net other Net assets released from restriction expenses: Sponsor scholarship expense nmsc scholarship expense operating expenses Net realized and unrealized gain (loss) on investments increase (decrease) in unrestricted net assets temporarily Restricted investment loss, net Net realized and unrealized gain on investments Net assets released from restriction increase in temporarily restricted net assets increase (decrease) in net assets Net assets: beginning of year end of year Merit
$ 40,852,709 2,538,223 7,298 50,617 43,448,847 39,938,788 5,883,750 3,326,064 49,148,602 16,656,797 10,957,042
2010 Achievement
$ 711,623 339,966 1,070 1,052,659 668,158 1,842,734 719,028 3,229,920 2,374,542 197,281
total
$ 41,564,332 2,878,189 8,368 50,617 44,501,506 40,606,946 7,726,484 4,045,092 52,378,522 19,031,339 11,154,323 $
2009 total
41,351,562 4,216,347 5,388 45,573,297 40,476,989 7,688,084 4,244,274 52,409,347 (34,533,288) (41,369,338)
(4,008) 345,395 (50,617) 290,770 11,247,812
(1,119) 95,990 94,871 292,152
(5,127) 441,385 (50,617) 385,641 11,539,964
(41,369,338)
117,084,609 $ 128,332,421
17,040,711 $ 17,332,863
134,125,320 $ 145,665,284
175,494,658 $ 134,125,320
43
StAtEMENtS OF cASH FlOWS years ended May 31, 2010 and 2009 cash Flows from Operating Activities increase (decrease) in net assets unrealized (gain) loss on investments Realized (gain) loss on investments depreciation and amortization Changes in: Accrued interest and dividend income receivable other receivables prepaid expenses Sponsor grants received in advance Accounts payable and accrued expenses payable to brokers and banks Net cash used in operating activities cash Flows from investing Activities purchase of investments proceeds from sale of investments purchase of furniture, equipment, and leasehold improvements Net cash provided by investing activities increase (decrease) in cash and cash equivalents Cash and cash equivalents: beginning of year end of year
2010
$ 11,539,964 (17,568,634) (1,904,090) 42,948 (7,307) 175,264 (10,727) 397,887 146,921 (47,286) (7,235,060) $
2009
(41,369,338) 34,187,462 345,826 42,149 (2,922) (158,825) 9,127 (413,395) (60,770) 22,772 (7,397,914)
(85,417,632) 94,069,869 (1,050,992) 7,601,245 366,185
(77,174,018) 84,238,232 (41,621) 7,022,593 (375,321)
255,749 621,934
631,070 255,749
NOtES tO FiNANciAl StAtEMENtS Note 1. Nature of Activities and Signicant Accounting Policies National Merit Scholarship Corporation (nmsc) is an illinois not-for-profit corporation. nmsc executes agreements with some 500 corporations, company foundations, other business organizations, and colleges and universities to provide grants in support of scholarships awarded by nmsc to students for college undergraduate study. nmsc conducts two annual competitions: the National Merit Scholarship program, which is open to all u.S. high school students, and the National Achievement Scholarship program, in which black American students participate. the financial statements have been prepared in conformity with accounting principles applicable to nonprofit organizations, which require that net assets and related revenue, expenses, gains and losses be classified as unrestricted, temporarily restricted, or permanently restricted based on the existence or absence of donor-imposed restrictions. unrestricted net assets are not subject to donor-imposed restrictions, and include funds designated by the board of directors for specific purposes. temporarily restricted net assets are subject to donor-imposed restrictions which will be met either by nmscs actions or the passage of time. temporarily restricted net assets are reclassified to unrestricted net assets when the restrictions have been met or have expired. temporarily restricted net assets of nmsc include earnings on the endowment fund which have not yet been appropriated for expenditure. permanently restricted net assets are subject to donor-imposed restrictions requiring the principal to be maintained in perpetuity, and the income to be used only for nmscs scholarship programs. the preparation of financial statements in conformity with accounting principles generally accepted in the united States of America requires management to make estimates and assumptions affecting the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Cash and cash equivalents consist primarily of checking accounts held in a major national bank. the cash balances are insured by the federal deposit insurance Corporation (fdic) up to $250,000 per bank. nmsc had cash balances on deposit at May 31, 2010 and 2009 that exceeded the balance insured by the fdic. nmsc has not experienced any losses in such accounts and management believes that nmsc is not exposed to any significant credit risk on cash. 44
investments are reflected at fair value based on quoted market prices for those or similar investments, or based on quoted market prices of the underlying investments for mutual funds that are not actively traded. the net gains or losses on the sale of investment securities are computed using the average cost method. transactions in all securities are recorded on a trade-date basis.
nmscs investments are exposed to various risks such as interest rate, market, and credit risk. due to the level of risk associated with certain
investments, it is at least reasonably possible that changes in values of investments will occur in the near term and that such changes could materially affect the amounts reported in the statements of financial position. investment income is reflected net of related portfolio management fees of $298,050 and $253,645 for the years ended May 31, 2010 and 2009, respectively. furniture, equipment, software, and leasehold improvements are stated at cost. expenditures for major additions and improvements are capitalized and minor replacements and maintenance expenditures are charged to expense. leasehold improvements are amortized over the remaining lease term. for financial reporting purposes, annual depreciation is computed using the straight-line method over the estimated useful lives of the assets. equipment and software are depreciated over five years and furniture is depreciated over 10 years. the provisions for depreciation and amortization amounted to $42,948 and $42,149 for the years ended May 31, 2010 and 2009, respectively. Accumulated depreciation was $505,438 and $462,490 for the years ended May 31, 2010 and 2009, respectively.
nmsc receives grants for scholarships from various sponsors, and the grants are recognized as revenue when the applicable scholarship pay-
ments are disbursed. Amounts received in advance of the disbursement of the applicable scholarship payments are recorded as a liability under sponsor grants received in advance.
adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. under this guidance, nmsc may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. examples of tax positions include the tax-exempt status of nmsc and various positions related to the potential sources of unrelated business taxable income (ubit). the tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. the guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. nmsc has reviewed the tax positions for the open tax years (current and prior three tax years) and has concluded that no provision for income tax is required in the financial statements. At May 31, 2010, there were no unrecognized tax benefits identified or recorded as liabilities. nmsc files forms 990 in the u.S. federal jurisdiction and in most states. With few exceptions, nmsc is no longer subject to examination by the internal Revenue Service for years before 2007.
nmsc has evaluated subsequent events for potential recognition and/or disclosure through August 5, 2010, the date the financial statements
nmsc is exempt from income taxes under Section 501(c)(3) of the internal Revenue Code and applicable state law. on June 1, 2009, nmsc
were available to be issued.
Certain May 31, 2009 amounts have been reclassified to conform to the current year presentation without affecting previously reported net assets or changes in net assets. Note 2. Endowment Net Assets endowment net assets are comprised of permanently restricted contributions, all of which are invested in perpetuity as required by the donors, and accumulated unspent earnings on those contributions. the endowments are held in a mix of broad based stock and fixed income funds. the income from these endowments is used to pay for scholarships sponsored by donors in the National Merit program and the National Achievement program. on June 30, 2009, the governor of the state of illinois signed into law the uniform prudent Management of institutional funds Act (upmifa). upmifa differs from laws previously in place in a few key areas. it eliminates the historical dollar value rule with respect to endowment fund spending, it updates the prudence standard for the management and investment of charitable funds, and it amends the provisions governing the release and modification of restrictions on charitable funds.
in accordance with the provisions of accounting guidance related to net asset classification and disclosure for endowment funds and the change in illinois law described above, nmsc was required to reexamine the classification of certain net assets between restriction categories; unrestricted, temporarily restricted and permanently restricted. there were no reclassifications between these categories as a result of the adoption of the upmifa provisions; however, certain unrestricted net assets, representing accumulated unspent endowment earnings prior to nmscs June 30, 2009 adoption of the upmifa provisions, were identified as board-designated endowment net assets at May 31, 2010. 45
NOtES tO FiNANciAl StAtEMENtS (continued)
interpretation of Relevant law nmscs management has interpreted upmifa as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, management has classified as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. the remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure in a manner consistent with the standard of prudence prescribed by upmifa.
in accordance with upmifa, nmsc considers the following factors in making a determination to appropriate or accumulate earnings on donorrestricted endowment funds: (1) the duration and preservation of the fund; (2) the purpose of the donor-restricted endowment fund; (3) general economic conditions; (4) the possible effect of inflation and deflation; (5) the expected total return from income and the appreciation of investments; and (6) nmscs endowment fund investment policy.
nmscs endowment net asset composition at May 31, 2010 and 2009 is as follows: 2010 unrestricted donor-restricted funds board-designated funds
$ $ 370,287 370,287 $ $
temporarily Restricted
385,641 385,641 $ $
permanently Restricted
3,061,016 3,061,016 $ $
total
3,446,657 370,287 3,816,944 $ $
2009 permanently Restricted

3,061,016 3,061,016
endowment net assets are comprised of the following amounts related to the National Merit program and National Achievement program at May 31, 2010 and 2009:
2010 National Merit program National Achievement program
$ $ 2,984,001 832,943 3,816,944 $ $
2009
2,421,016 640,000 3,061,016
Changes in endowment assets for the year ended May 31, 2010 and 2009 were as follows:
2010 unrestricted balance, beginning of year transfers to board-designated endowment funds investment loss, net Net realized and unrealized gain on investments endowment net assets appropriated for expenditure balance, end of year
$ 370,287 370,287 $
temporarily Restricted
(5,127 ) 441, 385 (50,617 ) 385,641 $
permanently Restricted
3,061,016 3,061,016 $
total
3,061,016 370,287 (5,127 ) 441,385 (50,617 ) 3,816,944 $
2009
3,061,016 3,061,016
Return objectives and Risk parameters nmsc has adopted endowment investment and spending policies that attempt to provide a predictable stream of funding to provide scholarships as indicated by the donor while ensuring that the original value of the endowment contributions is preserved. While acknowledging that unfavorable capital market conditions may cause the market value of the endowment fund to fall below the value of the corpus during short-term periods, nmsc intends to at least preserve the value of the corpus over the long-term horizon while experiencing 4.4 percent real annual growth. Actual returns in any given year may vary from this amount. Strategies employed for Achieving objectives to satisfy its long-term rate-of-return objectives, nmsc determines the overall target asset allocation for the endowment funds total investment portfolio. this determination is based upon a study of the actual rates of return achieved
46
by various asset classes, both separately and in various combinations, over periods in the past. based on the analysis, nmsc has evaluated the probabilities of achieving acceptable rates of return and defined the target asset allocation deemed most appropriate for the needs of the endowment fund. Currently the overall target asset allocation for the endowment fund is as follows:
Asset Class equity fixed income Normal Allocation
65% 35%
Allowable Range
6268% 3040%
Spending policy nmsc has a policy of appropriating expenditures from the endowment fund each year.
Note 3. Fundraising costs total fundraising costs incurred by nmsc were $569,971 and $675,945 for the years ended May 31, 2010 and 2009, respectively. Such costs are reflected in National Merit program and National Achievement program operating expenses in the statements of activities. Note 4. total nMsc Expenses total nmsc expenses incurred for the years ended May 31, 2010 and 2009 were allocated as follows:
program Services Merit Achievement Scholarship expense Compensation and employee benefits printing, general office, and depreciation professional services Rent, maintenance, and amortization of leasehold improvements Advisory council and selection committees directors meetings and employees travel
$ 45,822,538 1,400,271 236,393 301,696 189,694 $ 2,510,892 270,687 43,624 62,659 56,907 19,491 6,301 2,970,561 $
2010 Management and general

510,346 27,622 196,830 68,288 9,688 812,774 $
fundraising
365,306 66,978 67,078 64,495 6,114 569,971 $
total
48,333,430 2,546,610 374,617 628,263 379,384 75,792 40,426 52,378,522
18,323
$ 48,025,216 $
56,301
program Services Merit Achievement Scholarship expense Compensation and employee benefits printing, general office, and depreciation professional services Rent, maintenance, and amortization of leasehold improvements Advisory council and selection committees directors meetings and employees travel
$ 45,623,890 1,248,567 198,781 219,547 161,169 44,454 6,063 47,502,471 $ 2,541,183 417,283 51,714 177,267 65,933 20,065 1,893 3,275,338 $
2009 Management and general

658,964 29,014 168,875 80,585 18,155 955,593 $
fundraising
384,633 54,712 173,633 58,605 4,362 675,945 $
total
48,165,073 2,709,447 334,221 739,322 366,292 64,519 30,473 52,409,347
Note 5. investment Gains and losses Net realized and unrealized gains and losses for the years ended May 31, 2010 and 2009 consisted of the following:
Merit Net unrealized gain (loss) at end of year Net unrealized gain (loss) at beginning of year Net unrealized gain (loss) for the year Net realized gain (loss) for the year Net realized and unrealized gain (loss) on investments for the year
$ 4,708,801 (10,622,688) 15,331,489 1,670,703 $ 17,002,192
2010 Achievement
$ 713,020 (1,524,125) 2,237,145 233,387 2,470,532 $
total
5,421,821 (12,146,813) 17,568,634 1,904,090 $ 19,472,724
2009 total
$ (12,146,813) 22,040,649 (34,187,462) (345,826) $ (34,533,288)
47
NOtES tO FiNANciAl StAtEMENtS (continued)
Note 6. Fair value disclosures investments are presented in the financial statements at fair value in accordance with accounting principles generally accepted in the united States of America. guidance provided by the financial Accounting Standards board defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date and sets out a fair value hierarchy. the fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (level 1) and the lowest priority to unobservable inputs (level 3). inputs are broadly defined under this guidance as assumptions market participants would use in pricing an asset or liability. the three levels of the fair value hierarchy under this guidance are described below: level 1. unadjusted quoted prices in active markets for identical assets that nmsc has the ability to access at the measurement date. level 2. inputs other than quoted prices within level 1 that are observable for the asset, either directly or indirectly. level 3. inputs are unobservable for the asset and include situations where there is little, if any, market activity for the asset. the inputs into the determination of fair value are based upon the best information in the circumstances and may require significant management judgment or estimation. the following table summarizes NMSCs investments accounted for at fair value. the fair values of such investments are entirely level 1 values as defined by the fair value hierarchy, at May 31, 2010 and 2009.
2010 Money market funds Common and preferred stocks Mutual funds u.S. Stock funds global Stock funds fixed income funds
$ 5,409,051 21,251,135 $
2009
7,066,307 17,403,883
42,886,527 30,455,670 46,315,749 $ 146,318,132
37,153,106 28,616,792 45,257,557 $ 135,497,645
Note 7. commitments for Future Scholarship Payments the obligation for future payments to scholarship recipients presently in college and those appointed and entering college in the fall of 2010 is estimated to be $112,900,000; this includes National Merit program, $109,300,000, and National Achievement program, $3,600,000. the majority of the total obligation is to be funded by grantors for scholarships they are sponsoring; future payments are covered by agreements between nmsc and such grantors. the portion of the total obligation for scholarships to be paid by nmsc with its own funds is approximately $8,300,000; this includes National Merit program, $6,100,000, and National Achievement program, $2,200,000.
nmsc has a noncancelable lease for office space expiring September 30, 2019. Rent expense for years ended May 31, 2010 and 2009 was
Note 8.
lease commitments
$338,937 and $330,397, respectively. Minimum rental commitments for each of the five succeeding fiscal years are as follows: $344,516 for 2011; $351,834 for 2012; $358,895 for 2013; $365,959 for 2014; and $373,023 for 2015. Commitments for years after 2015 total $1,697,486. future rentals may be adjusted for increases in certain taxes and operating expenses incurred by the lessor. Note 9. Employee benet Plan
nmsc maintains a defined contribution 403(b) Retirement plan for its eligible employees who have completed at least one year of service. the total contributed by nmsc was $251,287 and $279,893 for the years ended May 31, 2010 and 2009, respectively. At the employees
election, each contribution is made as a premium on an annuity contract or a contribution to a mutual fund custodial account.
48
ADVISORY COUNCIL: 200910 AMY E. BELSTRA Post Graduate Coordinator Cherry Creek High School Greenwood Village, Colorado ALAN J. CAPASSO Principal Croton-Harmon High School Croton-on-Hudson, New York LOURDES M. COWGILL President Pine Crest School Fort Lauderdale, Florida MARK C. DZIATCZAK Principal Troy High School Troy, Michigan LESLIE K. ESNEAULT Principal Huntsville High School Huntsville, Alabama MATTHEW P. HORVAT High School Principal The University of Chicago Laboratory Schools Chicago, Illinois ANNE G. JOHNS Director of Guidance Solon High School Solon, Ohio DONALD J. KAVANAGH Principal La Salle Academy Providence, Rhode Island ROCHELLE LOWERY Principal Chamblee High School Chamblee, Georgia DEBORAH MENKE Former Principal Pleasant Valley Community High School Bettendorf, Iowa GAIL PAWLIKOWSKI Principal John P. Stevens High School Edison, New Jersey LOREN J. RATHERT Principal Catalina Foothills High School Tucson, Arizona LINDA RAWLINGS Principal Westlake High School Austin, Texas
SELECTION COMMITTEES: National Scholarships in 2010 Merit MICHAEL BARRON Assistant Provost for Enrollment Services and Director of Admissions University of Iowa CARL BEHREND Director of Guidance Orchard Park High School Orchard Park, New York WALTER A. BLAKE Senior Associate Director of Admissions Wabash College WENDY M. BOATMAN Guidance Counselor Nicholas Senn High School Chicago, Illinois VICTORIA B. ENGLEHART Dean of College Counseling and Guidance Lake Highland Preparatory School Orlando, Florida PATRICIA F. GOLDSMITH Vice President for Enrollment Marketing and Communication Scripps College N. KIP HOWARD Former Assistant Vice Provost of Enrollment Management University of South Carolina MILDRED R. JOHNSON Director of Undergraduate Admissions Virginia Polytechnic Institute & State University KAREN A. MASON Associate Director of College Guidance Germantown Academy Fort Washington, Pennsylvania MICHAEL McKEON Dean of Admissions Saint Marys College of California NANCY HARGRAVE MEISLAHN Dean of Admission and Financial Aid Wesleyan University W. CRAIG PARTRIDGE Director of College Counseling The Adelson School Las Vegas, Nevada JULIE STAYNER College Counselor Jackson Hole High School Jackson, Wyoming PAUL G. WEAVER District Director of Counseling and Guidance Plano ISD Plano, Texas Achievement BRUCE V. BAILEY Associate Director of College Counseling Lakeside School Seattle, Washington JULIE ENDERSBE Counselor Rosemount High School Rosemount, Minnesota RHOAN GARNETT Assistant Dean of Admissions Bowdoin College WILLIAM L. PIERCE Director of Admission Technologies The University of Toledo LOUIS E. QUINN, JR. School Counselor John Jay High School Cross River, New York REBECCA ROBINSON Lead Counselor Clinton High School Clinton, Mississippi MELVIN R. TARDY, JR. Assistant Professional Specialist, First Year of Studies University of Notre Dame PHYLLIS L. THOMPSON Director of Admissions and Student Marketing Benedict College
2010 National Merit Scholarship Corporation. All rights reserved. Printed in U.S.A.

Annual Report

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Annual Report

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BOARD OF DIRECTORS JAMES R. DONNELLEY, Chairman* Former Vice Chairman R. R. Donnelley & Sons Company RICHARD L.

Financial Report: June 1, 2009May 31, 2010 41

National Merit Scholarship Corporation

HigHligHts of the 2010 competitions

Average sat scores

Writing Skills 200 400 600 800

F unding For Scholarships in 2010

total : $51.5 million for 10,454

Merit Scholarship, Special Scholarship, and Achievement Scholarship awards

% taking 4 or more years in each subject area

Scholars sat Seniors

% taking honors courses

Scholars sat Seniors

National Merit Scholarship Corporation

National Merit Scholarship Program

2010 Program Commended Semifinalists Students entrants

National Merit Scholarship Corporation

tyPes oF scHolarsHiPs in tHe

National Merit Scholarship Program

National Merit $2500 Scholarships

College-sponsored Merit Scholarship awards

nmsc scholarships vary in a number of ways, including candidate

National Merit Scholarship Corporation

National Achievement Scholarship Program

2010 Program entrants

Outstanding Participants referred to Colleges

National Merit Scholarship Corporation

tyPes oF scHolarsHiPs in tHe

National Achievement Scholarship Program

National Achievement $2500 Scholarships

2010 ScholarsHigh school ends, college begins

Catalyst for change

A passion for medicine and writing

National Merit Scholarship Corporation

Composer for the community

My UltiMAtE PURPOSE iN the WoRkfoRCe Will be to put MySelf out of A Job.

Cellist with business dreams

National Merit Scholarship Corporation

2006 ScholarsCollege ends, lifelong learning continues

An interest in the public

Caring about communication

Nursing those in need

Leader on and off the court

Immersed in veterinary pursuits

National Merit Scholarship Corporation

Past years ScholarsMaking an impact

Boston consultant speaks geek

Jarol Bruce ManHeiM

Educator on Capitol Hill

Past years Scholars

Urban planner and educator

Physician serves underserved

National Merit Scholarship Corporation

National Merit Program scholarship sponsors

National Merit Scholarship Corporation

(National Merit Program scholarship sponsors, continued)

National Merit Scholarship Corporation

(National Merit Program scholarship sponsors, continued)

2 12 4 3 6 2 8 17 49 35 1 3 109 10 50 24 40 203 37 24 2 12 132 35 12 19 48 24 26 24 10 3 54 23 76 20 21 3 35 8 3 15 124 6 9 188 11

3 1 5 36 5 7 28 12 196 5 15 30 46 14 5 10 5 4 1 20 4 2 2 144 1 5 15 3 15 14 14 3 161 1 5 20

(National Merit Program scholarship sponsors, continued)

National Achievement Program scholarship sponsors

National Merit Scholarship Corporation

National Merit Scholarship Corporation