Fund: Billiter Family Endowed Internship Support Fund Department: Multiple Departments Purpose: Undergraduate Student Support Background: Patrick Billiter, Melissa Billiter, and Suzanne Billiter Cragin are proud UCR alumni who have built successful and rewarding careers in business and finance. Currently the Chief Financial Officer for California Manufacturing Technology Consulting (CMTC), Patrick has led financial teams at Taco Bell, Aramark, Experian, and Sodexo. Melissa Billiter is the Chief Financial Officer at Hanley Wood and has over 20 years' experience in leading accounting and finance departments in the consulting, retail, design and brokerage industries. Suzzane Cragin is a Principal at the PricewaterhouseCoopers LLP. She joined the organization over 25 years ago first with Coopers & Lybrand and then later at PwC following the merger of the two companies. The three have generously volunteered their time to provide valuable career and professional adivce to students in the College of Humanities, Arts, and Social Sciences (CHASS) and across the campus. They now wish to contribute to student success by removing financial barriers and internship inequity through the establishment of The Billiter Family Endowed Internship Support Fund. Patrick, Melissa, and Suzzane hope this fund will open the door to post-graduation professional success by encouraging students to pursue unpaid, low-paid, or non-local internship opportunites that may otherwise be out of reach. The Billiters believe meaningful internship experiences facilitate career exploration and the development of professional skills and networks, and their gift is a testament to the family and UCR's shared commitment to bridging the gap from education and employment. Fund Purpose: This fund shall be used to provide support to undergraduate students in the Departments of Economics (CHASS) and Business Administration (Business) in their pursuit of internships. The fund shall provide support to students who are participating in unpaid internships or to those whose specific internship characteristics or personal circumstances pose additional financial barriers (e.g., out-of-state. international, low-paid, etc.). Criteria and Selection Process: This Fund is to be administered by Undergraduate Education (UE) which will be responsible for soliciting student applications for fund support and partnering with representatives from the Department of Economics and School of Business to evaluate submissions, as necessary. The VIce Provost and Dean of Undergraduate Education (VPDUE) or his/her designee will be responsible for determining the eligibility of a particular internship as part of its evaluation process. Donors have a preference for supporting students participating in summer internships that will help students gain valuable skills, connect theory with practice, grow their network, and contribute to post-graduation success. To be eligible for this internship award, students must: - Have junior or senior class level standing. For the purposes of summer internship support, eligible students shall be rising juniors and rising seniors; - Be a declared major in Economics, Business Economics, Economics/Administrative Studies, Economics/Law and Society, or Business Administration (or future equivalents); - Be in good academic standing; - Have an internship secured; - Successfully explain the financial barriers related to participation in the internship. Students are not required to receive course credit for internship participation, but may elect to enroll in ECON 1981 (Individual Internships in Economics), BUS 1981 (Individual Internships in Business Administration), or the equivalent. Eligibility shall be based on both merit and need. The total distributable amount shall be awarded to a single student until the endowment payment payout is such that more than one student can meaningfully benefit from the award. In years when there is no candiate who meets the criteria, awards will be held until the following year. Eff. 03/01/20 - Converted from endowment intent fund #6I0082.