NBA Foundation
The Nebraska Bankers Association Foundation (NBAF) is a non-profit organized exclusively for charitable and educational purposes. One of its primary goals is to award scholarships to college and university students majoring in programs related to banking and to employees of federally insured depository institutions. The NBAF may from time to time raise, solicit and receive funds in the form of charitable contributions and donations to be used to promote the purposes for which this corporation was formed. The NBAF intends for its scholarships to be used both as recruitment and retention incentives for students pursing banking careers. Through these scholarships, the NBAF hopes to strengthen the banking industry in Nebraska.
History
The NBEF was formed in 1990 as a stand-alone 501 (c)(3) organization to provide annual scholarships to Nebraska students who attend Nebraska state or private colleges. In 2001, the William B. Brandt Memorial Scholarship fund was created to aid full-time students pursusing a bachelor's degree in business with an emphasis in finance, accounting, economics or other business-related major at Nebraska state or privately-funded colleges or universities.
After analyzing how the NBA supports higher education, as well as how the organization can better refine and integrate philanthropic and workforce development strategies, the NBA board of directors and the NBEF board of directors recently approved the following recommendations and programmatic changes:
The NBEF was formed in 1990 as a stand-alone 501 (c)(3) organization to provide annual scholarships to Nebraska students who attend Nebraska state or private colleges. In 2001, the William B. Brandt Memorial Scholarship fund was created to aid full-time students pursusing a bachelor's degree in business with an emphasis in finance, accounting, economics or other business-related major at Nebraska state or privately-funded colleges or universities.
After analyzing how the NBA supports higher education, as well as how the organization can better refine and integrate philanthropic and workforce development strategies, the NBA board of directors and the NBEF board of directors recently approved the following recommendations and programmatic changes:
- Change the name of the NBEF to the Nebraska Bankers Association Foundation (NBA Foundation). This name change more closely aligns the Foundation with the Association's activities and allows for better coordination and marketing.
- Expand allowable uses of the new NBA Foundation to include scholarships and higher education support, banker education, robbery reward programs, support for recovery from natural disasters, financial literacy activities and an available option for any activities allowed by current Internal Revenue Service (IRS) guidelines. This change evolved after looking at how the state of Nebraska and the NBA funded recovery efforts following the 2019 floods in northeast Nebraska. Existing NBEF assets wil be segregated and retained for student scholarships.
- While the NBA Foundation and the UFAC will remain separate legal entities, the NBA Board has approved creation of a new NBA Scholarship Committee. This new committee will plan and oversee all NBA philanthropic, scholarship and workforce development-related investments. Better program and investment should result from this change. Members of this Committee will be appointed like other committees within the NBA's annual structure.
- As more rural banks look for creative ways to attract the next generation of bankers, the NBA and NBEF Boards gave approval to offer NBA scholarships to community college students interested in banking/business. NBA staff will work with the Nebraska Community College Association in crafting this new initiative.
NBA Foundation Scholarships
The NBA is committed to attracting and retaining the best and brightest talent to Nebraska's banking industry. Many students have benefited from NBEF/NBAF scholarships, and the NBA will continue to assist our member banks in building a more diverse, long-lasting workforce through university partnerships. These partnerships allow the NBA to give back to communities across Nebraska.
Up to 10 NBA Foundation will be awarded for $2,000 per year to students attending one of the Nebraska state or privately-funded colleges listed below:
The NBA is committed to attracting and retaining the best and brightest talent to Nebraska's banking industry. Many students have benefited from NBEF/NBAF scholarships, and the NBA will continue to assist our member banks in building a more diverse, long-lasting workforce through university partnerships. These partnerships allow the NBA to give back to communities across Nebraska.
Up to 10 NBA Foundation will be awarded for $2,000 per year to students attending one of the Nebraska state or privately-funded colleges listed below:
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The Nebraska Bankers Association and Nebraska Bankers Educational Foundation do not discriminate on the basis of race, creed, color, sex, age, religion, national origin, or physical or mental limitations.
For More Information Contact:
Kara Heideman, Director of Communications & Marketing
Kara Heideman, Director of Communications & Marketing