SIMRP Scholarship Funding for Schools
Turn Employee Participation Into Meaningful Student Support
SIMRP Health & Wellness helps participating school districts create scholarship funding that directly supports local students. For each participating employee, SIMRP Health & Wellness contributes $4 per month toward the district’s scholarship initiative.
This means a district with 3,500 participating employees may generate approximately $168,000 in scholarship contributions annually. Actual funding depends on monthly employee participation and applicable scholarship arrangements.
The district determines how scholarships are administered and awarded, allowing the funding to reflect local priorities and student needs.
HELPING GRADUATING SENIORS
How SIMRP Scholarship Funding Works
Scholarship contributions are based on the number of employees actively participating in the district’s SIMRP Plan. SIMRP Health & Wellness contributes $4 per participating employee each month toward the district’s scholarship initiative.
Participation is reviewed throughout the year, and the resulting scholarship contribution is calculated accordingly. Funding may continue annually while the district’s Plan remains active and employees continue participating.
SIMRP Health & Wellness works with district leadership to establish a clear scholarship-funding process before implementation.
PARTICIPATION-BASED SCHOLARSHIP FUNDING
Create a Scholarship With Local Meaning
Each school district may have the opportunity to name its scholarship initiative in honor of an educator, staff member, community leader, or other individual whose service has made a lasting difference.
A locally named scholarship can recognize meaningful contributions while creating a lasting connection between the honoree, the district, and future generations of students.
District leadership maintains control over the scholarship’s name, eligibility requirements, application process, and recipient selection, subject to the applicable scholarship arrangement.
HONORING SERVICE AND SUPPORTING STUDENTS
Explore Scholarship Funding for Your Educational Organization
Learn how employee participation in a SIMRP Plan may create meaningful scholarship funding for students. Complete the form below, and a SIMRP Health & Wellness Advisor will contact you to discuss your organization’s workforce and potential scholarship opportunity.
SAVE THOUSANDS TO MILLIONS OF DOLLARS ANNUALLY
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SIMRP Health & Wellness™ is an independent entity that provides access to educational information regarding plans utilizing federally recognized tax codes and wellness reimbursement structures that may help qualifying organizations obtain benefits through payroll tax savings. We utilize the professional services of third-party providers for the preparation, filing, and implementation of SIMRP plan documents; however, we are not owned by, affiliated with, endorsed by, or acting on behalf of such providers, the Internal Revenue Service, the U.S. Department of Labor, or the federal government. The information provided on this website is for general educational and informational purposes only and should not be construed as tax, legal, accounting, financial, or regulatory advice. We are not tax professionals, attorneys, certified public accountants, or experts in the interpretation of tax law, and we do not recommend tax strategies or make guarantees regarding tax treatment, eligibility, savings, or compliance outcomes. Individuals and organizations seeking to verify or rely upon any information presented on this website should consult with qualified tax professionals, legal counsel, payroll specialists, or other licensed advisors regarding their specific circumstances before making any financial, tax-related, legal, or benefits decisions. BENEFITS: Plan benefits, features, service providers, eligibility requirements, and availability are subject to periodic change. Before implementation or enrollment, the applicable Plan provider will outline the benefits currently available under the Plan.
