Annual Report 2012 (National Merit)

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National Merit Scholarship Corporation 2011–12 Annual Report A LLEGIANCE and S U P P O R T

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Preserved 2012-2013 National Merit Annual Report for access. The NMSC seems to make them inaccessible as soon as the next one is up, or at least makes them tough to find by using the same URL for each year's Annual Report and not linking them on its site. Hopefully this will be of use to someone.

Transcript of Annual Report 2012 (National Merit)

National Merit Scholarship Corporation2011–12 Annual Report

A l l e g i A n c e and

S u p p o r t

BOARD OF DIRECTORS

RICHARD L. KEYSER, Chairman*Chairman EmeritusW.W. Grainger, Inc.

DIANA M. SCHMELZER, Vice Chairman*Former PrincipalUniversity High School Irvine, California

DEBORAH V. TRASKELL, Vice Chairman*Former Executive Vice PresidentState Farm Insurance Company

LORI BETTISON-VARGAPresidentScripps College

SCOTT S. COWENPresidentTulane University

JAMES R. DONNELLEY*Former Vice ChairmanR. R. Donnelley & Sons Company

GREGORY L. GEOFFROYFormer PresidentIowa State University

LINDA R. GORSLINEDirector of the Upper SchoolNorfolk AcademyNorfolk, Virginia

MARK A. HAUGHTPrincipalAltus High SchoolAltus, Oklahoma

EDWIN S. HEDGEPETHFormer Director of Secondary InstructionKnox County SchoolsKnoxville, Tennessee

MICHAEL J. HEILMANAssistant Superintendent for Secondary EducationBismarck Public SchoolsBismarck, North Dakota

JOHN C. HITTPresident University of Central Florida

TIMOTHY E. McGUIRE*PresidentNational Merit Scholarship Corporation

BRIAN C. MITCHELLFormer PresidentBucknell University

CE QUANDTFormer PrincipalNorth Central High SchoolIndianapolis, Indiana

THOMAS J. QUINLAN III*President and Chief Executive OfficerR. R. Donnelley & Sons Company

SUE SLOANExecutive DirectorPPG Industries Foundation

THOMAS R. VOSSChairman of the Board,President and Chief Executive OfficerAmeren Corporation

DIRLENE WHEELERPrincipalSheridan High SchoolSheridan, Wyoming

ROBERT E. WITTChancellorThe University of Alabama System

JAMES H. WOOTEN, JR.Former Senior Vice President,General Counsel and SecretaryIllinois Tool Works Inc.

OFFIC ERS

TIMOTHY E. McGUIREPresident

JEFFREY Z. LITTLEVice President and Executive Director of Administration

KAREN E. BRUCEController and Treasurer

RICHARD L. SEVCIKSecretary

*Executive Committee

President’s message · 2

Highlights of the 2012 competitions · 4

About the Scholar class of 2012 · 5

At a glance

National Merit® Scholarship Program · 6

National Achievement® Scholarship Program · 8

Scholarships · 10

Allegiance and Support · 12

Sponsors—National Merit Scholarship Program · 31

Sponsors—National Achievement Scholarship Program · 37

Colleges and universities enrolling 2012 Merit Scholar® awardees · 38

Colleges and universities enrolling 2012 Achievement Scholar® awardees · 41

Financial Report: June 1, 2011–May 31, 2012 · 43

National Merit Scholarship Corporation (nmsc) is a private, not-for-profit organi-zation 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 re-sources 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 feder-ally 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 is a trademark 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, 2012

Contents

2011–12 Annual Report2

Timothy E. McGuirePresident

A

President’s message

It has been our pleasure to partner with National Merit Scholarship Corporation to be able to of-fer this prestigious scholarship program to our employees. We have participated in the program for many years and are happy to have been able to increase the number of awards so that more employees are able to benefit from the program. nmsc has definitely played a part in this by supporting our efforts to increase awareness of the program. Our employees are so appreciative of the scholarship. It means a great deal to them to work for a company that supports their chil-dren's education and we appreciate nmsc for giving us the opportunity to do this.

Kiesha Boykins, Program Specialist, Siemens Foundation

“From its founding in 1955, National Merit Scholarship Corporation (nmsc) has always known that its mission can only be realized through a strong partnership with Corporate America. In fact, one of the enduring goals of nmsc, published in the first Annual Report in 1956, is to provide efficient and effective scholarship program management for organizations that wish to sponsor college undergraduate scholarships. nmsc’s scholarship programs strive to connect the brightest young minds of our nation with the corporations that are eager to support these talented and motivated future innovators and leaders.

In 1963, nmsc initiated college sponsorship with nine regionally accredited institutions. Similarly to how nmsc was able to connect corporations and company foundations with academically outstanding students, we saw an opportunity to introduce colleges to “students who have demonstrated ability and determination in their quest for intellectual excellence” (John M. Stalnaker, founding President, from nmsc’s 1963 Annual Report). A partnership with institutions of higher education to sponsor additional awards was an obvious next step. Since 1956, the first year scholarships were offered through nmsc, over 300,000 awards have been funded by our generous corporate and college sponsors.

In addition to the organizations that sponsor awards through nmsc, we recognize and thank those individuals who have dedicated many years of support and guidance to the Corporation. nmsc’s sixth Chairman of the Board, James R. Donnelley, stepped down from his leadership role in November of 2011. His sixteen-year tenure as Chairman is the longest in nmsc’s history, and his total service on the Board has lasted more than 20 years. We are truly thankful for the dedication, commitment, and genuine enthusiasm Mr. Donnelley has shown for nmsc and its mission of recognizing and honoring the nation’s academically talented students. We are very fortunate to gain another long-term nmsc supporter as our seventh Chairman in Richard L. Keyser, a Board member since 1999 and a member of the Executive Committee since 2004.

Both Mr. Donnelley and Mr. Keyser came to nmsc representing two long-standing scholarship program sponsors, R. R. Donnelley & Sons Company and W.W. Grainger, Inc. Without the investment in the scholarship competitions from corporate and college sponsors, nmsc would not be able to carry out its mission that ultimately serves the long-term good of our country. Throughout this report are comments from some of our sponsors, starting with the Siemens Foundation below, that express their commitment to this cause. We are extremely grateful for the ongoing AllegiAnce and support of all of our sponsors, and the individuals who lead those organizations, to whom we dedicate this year’s Annual Report.

James R. Donnelley is the longest serving Chairman of National Merit Scholarship Corporation (nmsc) with a sixteen-year tenure in that role. He joined nmsc’s Board of Directors in 1990, was elected Vice Chairman and a member of the Executive Committee in 1993, and became the sixth Chairman of the Corporation in 1995.

Over the past two decades, Mr. Donnelley has been a stalwart supporter of nmsc’s mission and has under-stood that “the greatest impact of nmsc’s programs may be the attention focused on the importance of scholastic excellence and the need to identify and develop the talents of our country’s young academic champions.”

Mr. Donnelley served in the United States Navy for three years after receiving his BA degree from Dartmouth College in 1957. He earned his MBA from the University of Chicago in 1962 and subsequently joined R. R. Donnelley & Sons Company, where he worked in increasing capacities until he retired as Vice Chairman in the year 2000.

Mr. Donnelley’s vast business experience in multiple ventures across the globe, as well as his participation in a number of educational, civic, and philanthropic organizations, has made him an invaluable resource in leading the Board of Directors and advising nmsc’s man-agement team. Upon his retirement as Chairman, nmsc’s Board of Directors and corporate officers expressed their deep appreciation for Mr. Donnelley’s many years of service and his willingness to continue to provide his wisdom and guidance as a Director and a member of the Executive Committee.

Richard L. Keyser joined nmsc’s Board of Directors in 1999 when he was serving as Chairman and Chief Ex-ecutive Officer of W.W. Grainger, Inc. In 2004, he was elected as a member of nmsc’s Executive Committee, and in 2006, he became Vice Chairman. Mr. Keyser was named the seventh Chairman of the Corporation upon his election at the Annual Meeting of nmsc’s Board of Directors held on November 15, 2011.

Mr. Keyser received a BS degree from the United States Naval Academy in 1964. He served in the Navy until 1969 prior to earning an MBA from Harvard Busi-ness School in 1971. Mr. Keyser became President and Chief Operating Officer at W.W. Grainger, Inc. in 1994, served as Chairman and CEO from 1997 to 2008, and is currently Chairman Emeritus.

Mr. Keyser’s successful business career has been com-plemented with several board leadership positions for academic institutions, corporations, and civic and philanthropic organizations. In 2010, he was named the National Association of Corporate Directors’ Pub-lic Company Director of the Year for his boardroom leadership with “one of the quietest voices that carries the strongest weight” and for his “immeasurable calm in the face of a crisis.”

Under Mr. Keyser’s leadership, nmsc can look forward to further success and growth of the mission. “I am excited to be part of the next chapter in nmsc’s history as we use new technologies to further our goals of recognizing brilliant students and encouraging the pur-suit of academic excellence at all levels of education.”

nmsc’s Board of Directors includes corporate executives, college presidents, and high school administrators who oversee operation and management of the National Merit Scholarship Program and the National Achieve-ment Scholarship Program. In November of 2011, James R. Donnelley retired as Chairman and was succeeded by Richard L. Keyser.

National Merit Scholarship Corporation 3

2011–12 Annual Report4

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 2012 competitions began in October 2010 with a qualifying test administered by about 22,000 high schools and were completed in the spring of 2012 when scholarships were awarded.

Total: $49.9 million for 10,244Merit Scholarship, Special Scholarship, and Achievement Scholarship awards

$41.9 million for 7,150 awards

$8 million for 3,094 awards

Funding for Scholarships in 2012

nmsc

sponsors

National Merit® Scholarship ProgramOver 1.5 million students who met program partici-pation requirements and took the 2010 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 2012.

• 37,646 entrants were named Commended Students in recognition of their outstanding performance on the qualifying test and their potential for success in challenging college studies.

• 16,178 other participants, the highest-scoring en-trants in each state, were designated Semifinal-ists and had the opportunity to continue in the competition for National Merit Scholarships by ful-filling several additional requirements.

• 15,110 of the Semifinalists were notified in February 2012 that they met academic and other requirements to attain Finalist standing and were being considered for Merit Scholarship® awards.

• 8,064 Merit Scholar® designees, chosen from the Finalist group, received Merit Scholarship awards worth a total of $35.1 million. In addition, 1,389 other outstanding program participants (who were not Finalists) received Special Scholarships, valued at $12.4 million. These Special Scholarships are pro-vided by corporations, company foundations, and business organizations to complement their Merit Scholarship awards.

National Achievement® Scholarship ProgramOver 160,000 Black American students in more than 12,000 high schools requested consideration in the 2012 National Achievement Scholarship Program when they took the 2010 psAt/nmsqt and entered the National Merit Scholarship Program.

• 3,056 high-scoring participants were referred to United States colleges and universities for the purpose of expanding these students’ educa - tional opportunities.

• 1,698 Semifinalists were named on a regional repre-sentation basis and had the opportunity to advance in the competition for National Achievement Scholar-ships by meeting additional requirements.

• 1,379 of the Semifinalists met all the requirements to progress to the Finalist level of the competition and were considered for an Achievement Scholarship® award.

• 791 Finalists became Achievement Scholar® desig-nees, winning scholarships worth over $2.4 million for college undergraduate study.

HigHligHts of tHe 2012 ComPetitions

National Merit Scholarship Corporation 5

% taking 4 or more years in each subject area

english mathematics natural/physical science

social sciences/ history

foreign languages

Scholars College-bound seniors

% taking honors courses

english mathematics natural/physical science

social sciences/ history

foreign languages

The 2012 Scholars’ high academic performance was achieved while taking demanding high school course loads, as measured by both the number of courses and their difficulty level.

about tHe sCHolar Class of 2012

0

20

40

60

80

100

0

20

40

60

80

100 Scholars College-bound seniors

Average sat® scores

Scholars College-bound seniors

Tentative college majors

Engineering 15%

Biology/biomedical science 12%

Health and clinical science professions 8%

Social sciences/psychology 8%

Physical sciences 6%

Business/finance 5%

Mathematics/statistics 4%

English/journalism/ creative writing 3%

History/humanities/ pre-law studies 3%

Fine arts/music 3%

Computer and information sciences 3%

0 100 200 300 400 500 600 700 800

Writing Skills

Mathematics

Critical Reading

%98 percent of Scholars had a high school grade average of A- or above compared to 45% of all college-bound seniors.

%95 percent of Scholars who attended high schools that rank students were in the top tenth of their class compared to 36% of all college-bound seniors.

Thefieldsofstudybelowwereselectedby3%ormoreoftheScholars.

2011–12 Annual Report6

High school students enter the annual competition for recog-nition and awards by taking the Preliminary sat/National Merit Scholarship Qualifying Test (psat/nmsqt®), usually in the fall of their junior year. Currently, about 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. 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 Semi-finalists.

About two-thirds of the high scorers are named Commended Students on the basis of a na-tionally applied qualifying score that is usually at the 96th per-centile. Students in this group receive Letters of Commenda-tion in recognition of their out-standing 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 en- trants 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 Semi-finalists in each state, nmsc also has selection units for par-ticipants 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 to U.S. colleges and universities to broaden the students’ educa-tional opportunities, and a press release about them is sent to news media.

Identifying scholastically talented youth and bringing them to the attention of colleges and universities and the Ameri-can public are enduring goals of the National Merit Schol-arship Program. In the 57 competitions completed to date, over 2.7 million outstanding students have been honored, and over 345,000 academic champions have received schol-arships worth a total of $1.4 billion for undergraduate study.

entrants1.5 million

HIGH sCOrers50,000

COMMenDeD stUDents34,000

seMIFInaLIsts16,000

at a glanCe—national merit® sCHolarsHiP Program

National Merit Scholarship Corporation 7

To compete for National Merit Scholarships, Semifinalists must advance to the Finalist level of the competition by meeting several requirements.

The requirements include sub-mitting a detailed scholarship application, having an outstand-ing academic record in all of grades 9 –12, submitting sat® scores that confirm the earlier psat/nmsqt performance, and being endorsed and recom-mended by a high school offi-cial. 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 out-standing students.

The rigorous review process that Semifinalists undergo to advance in the competition re-sults in a talent pool of excep-tional Finalists who compete for National Merit Scholarships. Other high-performing program participants, who are not Fi-nalists but meet criteria speci-fied by corporate and business sponsors, compete for other National Merit Program awards called Special Scholarships. Each year, over 9,000 scholar-ship winners are chosen on the strength of their credentials and potential for future suc-cess, 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.

FInaLIsts15,000

sCHOLarsover 9,000

Alabama 13,168 241 214Alaska 2,092 53 39Arizona 18,485 446 312Arkansas 6,384 43 143California 167,485 6,327 2,001Colorado 20,001 526 229Connecticut 30,417 741 218Delaware 6,326 122 45District of Columbia 4,391 207 58Florida 67,659 1,418 781Georgia 40,145 1,105 423Hawaii 7,395 124 70Idaho 5,761 131 86Illinois 41,258 1,563 716Indiana 34,698 585 326Iowa 8,384 169 179Kansas 10,155 242 157Kentucky 11,250 246 199Louisiana 11,868 139 201Maine 12,556 147 83Maryland 43,828 1,392 350Massachusetts 48,280 1,815 353Michigan 30,268 558 566Minnesota 21,964 626 324Mississippi 5,985 38 136Missouri 13,650 424 328Montana 4,449 44 57Nebraska 6,141 95 108Nevada 7,791 86 90New Hampshire 7,604 157 76New Jersey 67,402 2,274 526New Mexico 8,751 98 92New York 146,049 2,997 968North Carolina 44,839 946 407North Dakota 1,824 4 32Ohio 49,918 1,123 633Oklahoma 8,155 153 190Oregon 15,295 375 193Pennsylvania 74,195 1,456 744Rhode Island 5,738 91 55South Carolina 17,003 202 207South Dakota 2,514 23 42Tennessee 13,647 497 287Texas 198,169 3,391 1,237Utah 5,381 115 152Vermont 4,137 102 43Virginia 51,726 1,472 433Washington 31,749 1,059 308West Virginia 3,733 15 79Wisconsin 19,476 317 353Wyoming 1,429 2 27Other Selection Units 20,838 1,124 302

TOTAL 1,501,806 37,646 16,178

2012 Program Entrants

Commended Students

Semi-finalists

2011–12 Annual Report8

Currently, over 160,000 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 stu-dents can compete for scholar-ships 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 recogni-tion. Their scores place them in the top 3% of program par-ticipants. These high performers are notified of their status in the fall of their senior year.

About 3,100 young men and women are brought to the at-tention of four-year U.S. colleges and universities. These students receive certificates in recognition of the academic potential dem-onstrated by their high perfor-mance on the qualifying test, but they do not continue in the com-petition for National Achieve-ment Scholarships.

About 1,700 of the high- scoring entrants are designated Semifinalists in regional selec-tion units.

The number named in each region is proportional to the region’s population of Black Americans. Semifinalists are the highest-scoring 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 estab-lished in 1964 specifically to identify academically promis-ing Black American high school students and encourage their pursuit of higher education. During the competition’s 48-year history, approximately 214,000 entrants have been brought to the attention of U.S. colleges and universities, and over 32,000 of the most outstanding participants have received National Achievement Scholarships worth $100.6 million for undergraduate study.

entrants

160,000

prOGraMreCOGnItIOn

4,800

OUtstanDInG partICIpants

3,100

seMIFInaLIsts

1,700

at a glanCe—national aCHieVement® sCHolarsHiP Program

National Merit Scholarship Corporation 9

To be considered for a National Achievement Scholarship, Semi-finalists must advance to the Finalist level of the competition by meeting several requirements.

The requirements include sub-mitting a detailed scholarship application, having a consis-tently high academic record in all of grades 9–12, being en-dorsed and recommended by a high school official, and sub-mitting sat® scores that con-firm their earlier psat/nmsqt performance. By meeting these requirements, about 80% (ap-proximately 1,300) of Semifi-nalists in each annual competi-tion become Finalists and earn a Certificate of Achievement.

About 800 Achievement Scholar® awardees are se-lected from the group of Finalists. Committees of expe-rienced professionals carefully evaluate information submitted about each Finalist and select winners on the basis of their abilities, academic and extracur-ricular accomplishments, and potential for success in rigor-ous college work. All Scholars receive a certificate in recogni-tion of their award. nmsc sends a press release to news media in Scholars’ communities.

Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and Virginia 59,123 1,033 451

Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, West Virginia, and Wisconsin 31,006 422 402

Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, and South Carolina 31,089 468 463

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 39,762 1,036 339

Other Selection Units 2,119 97 43

TOTAL 163,099 3,056 1,698

2012 Program Entrants

Outstanding Participants

Referred to Colleges Semifinalists

FInaLIsts

1,300

sCHOLars

800

Members of the National Achievement Scholarship Selection Com­mittee convene at nmsc’s office to evaluate applications of all Finalists and select 700 distinguished winners of National Achievement $2500 Scholarships.

2011–12 Annual Report10

National Merit® $2500 ScholarshipsThe National Merit $2500 Scholarships are an inte-gral 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 admis-sion officers and high school counselors, convenes to select winners of these one-time awards. In the 2012 program, most of the 2,500 National Merit $2500 Scholarships were financed by nmsc with its own funds. Business organizations that provide corporate- sponsored awards also helped underwrite a portion of these scholarships with grants they provided in lieu of paying administrative fees.

Corporate-sponsored scholarshipsThese 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® awardsMost corporate-sponsored Merit Scholarship awards are offered to Finalists in the National Merit Scholarship Program who are children of the grantor organization’s employees or members. Some awards are designated for Finalists who reside in communities specified by

sCHolarsHiPs—national merit® sCHolarsHiP Program

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 sponsor’s criteria are considered for that sponsor’s National Merit Scholarships. Special Scholarship awardsApproximately 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 Final-ists eligible for a particular sponsor’s scholarships varies from year to year, but many sponsor organiza-tions want to provide a fixed number of awards in each competition. These sponsors utilize nmsc’s ser-vices 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 organi-zation; however, the “National Merit” designation is not included in the Special Scholarship name. To be considered for a Special Scholarship, students must meet the sponsor’s specific criteria in addition to the participation requirements of the National Merit Schol-arship Program. An Entry Form for the student must also be submitted to the sponsor organization.

This year, the 244 corporations, company foundations, and other business organizations listed on pages 32–36 committed over $19 million to finance 1,011 National Merit Scholarships and 1,389 Special Scholarships.

College-sponsored Merit Scholarship® awardsOnly 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 2012 National Merit Program, 4,553 college- sponsored awards, worth $21.9 million, were funded by 193 U.S. colleges and universities, which are listed on pages 32–36.

Using a holistic review process, the National Merit Scholarship Selection Committee evaluates the applications of all Finalists and selects 2,500 distinguished winners of National Merit $2500 Scholarships.

National Merit Scholarship Corporation 11

nmsc scholarships vary in a number of ways, including candidate criteria and monetary value. Although eligi-ble 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.

National Achievement® $2500 ScholarshipsEvery Finalist is considered for one of the 700 National Achievement $2500 Scholarships offered through the National Achievement Scholarship Program, an aca-demic competition for Black American high school stu-dents. 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.

Corporate-sponsored scholarshipsCorporations, foundations, business organizations, and professional associations underwrite Achieve-ment 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 year’s Achievement Scholarship awards are listed on page 37.

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 2012, 91 corporate-sponsored Achievement Scholarship awards worth $700,000 were offered to Finalists.

sCHolarsHiPs—national aCHieVement® sCHolarsHiP Program

Queenella J. Goddard, winner of a 2012 National Achievement Harris Corporation Scholarship, is congratulated by Sheldon J. Fox, Group President of Government Communications Systems. Harris Corporation has sponsored a total of 66 awards in the National Merit Program and the National Achievement Program since 1981.

Fifty years ago, in the 1963 National Merit Scholarship Corporation Annual Report, founding President John M. Stalnaker wrote:

“The quest for intellectual excellence is, first and fun-damentally, a personal one. There is no substitute for individual effort. But the quest is also one that should command the AllegiAnce and support of our so-ciety generally, for the nation has a crucial stake in the outcome of each person’s attempt to achieve as much as his capability permits.

Because we live in an era when brainpower is speedily becoming the key to all power, our corporate intel-lectual achievement is the essential measure of our corporate ability to achieve in any major enterprise. This is true regardless of whether the enterprise is local or national, commercial or cultural, political or educational. There is, therefore, a true social gain or loss whenever one individual is either helped or hin-dered in his quest for intellectual excellence.”

Sponsors of nmsc scholarships recognize the value to their organizations and institutions, as well as the nation, of supporting the intellectual development of our coun-try’s most accomplished students. They realize that their investment in these Scholars goes well beyond the mon-etary value of the awards. Due to the nationwide scope of the competitions, receiving a scholarship administered through nmsc is commonly regarded as the highest academic honor a U.S. high school student can attain.

From the very beginning, sponsor organizations have been a vital component of nmsc’s scholarship activities. Corporations and company foundations have provided scholarship support in every annual competition begin-ning in 1956. Colleges and universities began sponsoring

scholarships in 1963. Corporate organizations and higher education institutions that support nmsc’s goals underwrite about 74% of scholarships awarded each year through nmsc’s programs.

On the following pages are representatives of the high caliber of individuals who have won a scholarship through one of nmsc’s two nationwide scholarship programs. These include winners of National Merit, National Achievement, and Special Scholarships, funded by either nmsc or the programs’ generous spon-sors. These inspirational examples provide a glimpse of why corporate and college sponsors are proud and ex-cited to give their steadfast AllegiAnce and support to the pursuit of intellectual excellence.

AllegiAnce and Support

JoHn m. stalnaker

2011–12 Annual Report12

David J. Sekora is the 2012 recipient of the National Merit John M. Stalnaker Memorial Scholarship, an award given to an outstanding National Merit Final-ist intending to pursue a career in mathematics or science. The scholarship is a four-year award under-written by nmsc in honor of its founding President and Chief Executive Officer, who recognized a need for in-creased support of science and math in America. David is grateful for the recognition and financial support his award has brought him, stating that for many students, receiving a National Merit Scholarship “could mean the difference between fulfilling their dreams and being forced to settle due to economic circumstances.”

During his junior and senior years of high school, David attended the Carol Martin Gatton Academy of Mathematics and Science in Kentucky, an extremely competitive residential school located at Western Kentucky University (WKU). While there, David took all his coursework through WKU, completing two years of college while attaining his high school diploma. Despite the rigor of his schedule, he was able to maintain a near-perfect GPA while participating in extracurricular activ-ities and studying music—he also plays the saxophone and composes electronic music.

David was named Best Marcher by his high school band, an award he counts among his most meaningful be-cause it was “earned through hours of practice instead of some innate talent.” He also placed first in his region in the National Science Bowl and fourth in the National Competition in Business Math. David placed 10th in his state for mathematics in Academic Team, a quiz game in which groups of students compete against each other in tournaments. He has also spent time volunteering for Academic Team at his local elementary school to encourage younger students to participate.

David has been passionate about mathematics since the third grade, when he discovered his talent for the subject in Academic Team. He recently had the op-portunity to assist a professor at WKU with research; he says the experience “served to cement my love for mathematics and open my eyes as to what life in aca-demia could be.” Assisting in this research project and presenting a poster at an American Mathematical Society conference enabled him to experience life as a mathematician firsthand. David is currently studying mathematics and computer science at the University of Chicago and sees himself becoming a professor of mathematics and a computer programmer someday.

national merit John m. Stalnaker memorial Scholarship, 2012

daVid J. sekora tHe uniVersity of CHiCago

matHematiCs

National Merit Scholarship Corporation 13

national merit $2500 Scholarship and national Achievement

Honorary Scholar, 2012

gabrielle r. tateVanderbilt uniVersity

eleCtriCal engineering

Gabrielle R. Tate was on the debate team for four years in high school, serving as president during her junior and senior years and receiving the Legacy Award from her teammates for establishing a positive precedent for them. Debate taught Gabrielle “to speak up when the situation demands it and…say something coherent and meaningful.” Without a coach or funding from their school, Gabrielle’s team won second place in the local league. The win was particularly meaningful because “at that moment, all of the work [they] had done together was validated.”

In high school, Gabrielle was an active member of the National Honor Society and the Spanish Honor Soci-ety. She was selected to attend the Virginia Governor’s School for Humanities, a residential summer program for talented high school students at a local university. Gabrielle was also a tutor at the Student Writing Center, which improved her writing skills and taught her how to relate to others. She says, “I have deepened my under-standing and appreciation of the writing process, as well as grown to value more the writing of others, to realize that everyone brings something of value to the table.”

Gabrielle is currently studying electrical engineering at Vanderbilt University. She notes, “Electrical engineer-ing combines my love of the hands-on aspect of art with calculus and physics, and enables me to further study electricity and magnetism. I like the problem-solving aspects of mathematics, physics, and art, where one solves all types of problems—visual and scientific.”

Gabrielle would like to attend law school to study patent or intellectual property law after completing her under-graduate education. She explains, “In the long term, I hope to have a job where I can make a real difference in the world, and make a positive mark on history.”

2011–12 Annual Report14

national merit $2500 Scholarship, 2008

traVis r. PaCeCarson-newman College

PHilosoPHy and bioCHemistry

Travis R. Pace graduated summa cum laude from Carson-Newman College with a bachelor of arts in philosophy and a bachelor of science in biochemistry. In addition to his National Merit Scholarship, he received a Ned McWherter Scholarship, a state-sponsored award that helps academically superior high school graduates attend college in Tennessee, and Carson-Newman’s Presidential Fellowship, which covers the four-year cost of the undergraduate attendance of one student per year. Travis believes his recognition in the National Merit Scholarship Program helped him stand out to scholarship selection committees. He notes, “One of the prime factors differentiating me from other eligible students was my status as a National Merit Scholar.”

Due to the financial freedom Travis’s scholarships granted him, he was able to study abroad in Ireland and Spain during his undergraduate years. He says, “Being overseas introduced me to and immersed me in cultures (and a language) with which I was relatively unfamiliar. I met people with drastically different perspectives than mine, and my encounters improved my ability to re-late to others, while also teaching me some interesting things about myself. I feel deeply that those experiences will help me relate to individuals whom I encounter in my future studies and in my future career.”

In addition to studying abroad, Travis participated in a number of activities at Carson-Newman. He was elected to the Honors Advisory Board, served as a “Big Buddy” for freshman pre-health profession students, and was the president of the Kappa Epsilon Mu Club. Travis was inducted into membership of two national academic honor societies, Alpha Lambda Delta (for first-year stu-dents) and Alpha Chi (for juniors and seniors).

Travis is currently attending the NC Eshelman School of Pharmacy, which has one of the most highly regarded pharmacy programs in the United States. Upon com-pletion of the four-year doctor of pharmacy program, Travis plans to begin his career as a pharmacist. He explains, “The relationship between an individual and his or her health care provider is often one of implicit trust....I deeply respect the pharmacist-patient relation-ship and am determined to become a pharmacist in whom such trust is wholly warranted.”

Travis perceives the National Merit Scholarship he received as “a sort of tangible manifestation of the passionate ambition” that has driven him and other National Merit Scholars “to pursue excellence.” Because it increased his access to education, Travis says, “The National Merit Scholarship changed my life.”

National Merit Scholarship Corporation 15

Howard H. Kaufman has found great success in three careers: as a professor of neurosurgery specializing in traumatic brain injury, as a medical malpractice defense attorney, and as a voluntary professor in public health policy. He has edited several books and written more than 110 articles and 50 various chapters on many top-ics, including head trauma, intracerebral hematomas, and law and ethics in neurosurgery. He has given more than 150 presentations at conferences and edited for several peer-reviewed journals, including Neurosurgery and Clinical Neurosurgery. He also holds two patents.

Howard received his undergraduate degree in history from Yale University in 1962, graduating magna cum laude as a Rhodes Scholar finalist. After he graduated from medical school at Columbia University in 1966, he was a surgical intern at the University of Minnesota Hospital; a clerk and registrar at the National Hospital for Nervous Diseases in London; and a clinical associ-ate in surgical neurology at the National Institutes of Health. He then completed a residency in neurosurgery at Columbia Presbyterian Medical Center and became a professor in neurosurgery. He taught at the University of Arizona Medical School and the University of Texas Medical School at Houston, where he received tenure in 1981.

Howard joined the U.S. Army Reserves in 1983 and be-came a Lieutenant Colonel in 1986. He served as a con-sultant in neurosurgery at Walter Reed Army Medical Center and an advisor to the Department of Defense in a multi-institutional study on gunshot wounds to the brain. During this time, he became a full professor at West Virginia University (WVU) Medical School and received the Distinguished Alumni Award from the Department of Neurosurgery at Columbia University.

Howard was the chairman of the neurosurgery depart-ment at WVU Medical School and the chief of neuro-surgery at WVU Hospitals, where he also directed the residency program. He chaired committees for the Congress of Neurological Surgeons and the American Association of Neurological Surgeons and led the West Virginia State Neurosurgical Society as their president. He consulted for a number of government agencies, including the National Institutes of Health, the Social Security Administration, and the Food and Drug Ad-ministration. He taught classes around the country, becoming a visiting professor at 18 different medical schools and hospitals.

After an illustrious career of more than thirty years in the medical field, Howard attended law school at Georgetown University, graduating in 2001 and becoming a medical malpractice defense attorney. He then received a master’s degree in public health in 2005 from George Washington University and became a voluntary professor at the University of Miami School of Medicine’s Department of Epidemiology and Public Health.

Howard is an amateur genealogist and is active in the U.S. Coast Guard Auxiliary. He also likes to research the history of the Neurological Institute of New York and the history of neurosurgery during the Civil War.

national merit Scholarship, 1958

Howard H. kaufman Professor of neurosurgery

attorneyVoluntary Professor of PubliC HealtH

2011–12 Annual Report16

Caitlin M. Cocilova studied political science and pre- medicine at the University of Pittsburgh, graduating magna cum laude in the spring of 2012. She was se-lected for membership in Phi Beta Kappa and was Vice President and Director for the National Society of Colle-giate Scholars. She was also a participant and facilitator in Emerging Leaders and a peer leader for Leadership in Action.

Caitlin’s scholarships enabled her to worry less about the financial burden of college, leading her to seek out intern-ships and study abroad. According to her, “scholarships are motivators, both financially and academically….By opening the doors for as many budding minds as pos-sible, we can hopefully strive to obtain a greater global understanding of how the world works and how we can continue to improve things.”

The extracurricular experiences Caitlin gained as an undergraduate helped define the path of her career. She was an intern at the Alle-Kiski Area HOPE Center, a domestic violence agency and crisis center; an intern at Pennsylvania State Representative Matthew Smith’s dis-

national Achievement $2500 Scholarship, 2008

Caitlin m. CoCiloVauniVersity of PittsburgH

PolitiCal sCienCe and goVernment

trict office; and a research assistant on traumatic brain injury studies at Strong Memorial Hospital.

Caitlin’s desire to enact positive change in the world only intensified when she had the opportunity to travel to Cambodia during a semester abroad at James Cook University in Australia. She says, “My trip to Cambodia did not necessarily open my eyes to unknown devasta-tion or change my perspective on the world. What it did do, however, was solidify my desire to work toward a better global community and to help me appreciate different lifestyles.”

Caitlin is currently attending Georgetown University Law Center. She is planning a career in public interest, where she can “make positive change, both with indi-viduals and in policies that affect the masses.”

National Merit Scholarship Corporation 17

national Achievement $2500 Scholarship, 2012

samuel e. udotong massaCHusetts institute of teCHnology

aerosPaCe engineering

Samuel E. Udotong has a love of physics, math, and sci-ence, and is pursuing an undergraduate degree in engi-neering at Massachusetts Institute of Technology (MIT), where he is currently a freshman. While he is uncertain which engineering field he will study, he says he is “lean-ing towards aerospace or mechanical: those that deal primarily in the physical aspects of life.” Samuel is very interested in the exploration and commercialization of space and hopes to work behind the scenes on the first manned flight to Mars. He says, “Eventually, I want to be at the top of a space company making decisions that will…lead to an overall stronger familiarity with space and its mysteries.”

Samuel counts his acceptance to MIT and his internship at Lockheed Martin Corporation as two achievements that “will continually set [him] up for success and lead to other great accomplishments in the future.” Recently, his high school honored him in their Hall of Fame and selected him as a Rensselaer Medalist. Samuel is also a member of the National Honor Society and was selected to attend the Governor’s School of Engineer-ing and Technology at Rutgers, The State University

of New Jersey, a very competitive summer program for high school juniors interested in studying engineering.

Samuel is also a successful wrestler, having competed on the varsity team at his high school for three years, eventually becoming a captain. He explains, “I now realize that wrestling taught me resilience, patience, responsibility, and work ethic. Wrestling encompassed a broad depth of necessary evils; from having to endure grueling practices on a daily basis to not being able to eat at night for fear of being over-weight for the next day’s match, wrestling was really the stimulant that changed me from kid to man.”

Samuel is the recipient of a National Achievement Scholarship. To potential scholarship sponsors, Samuel says: “Every contribution to the National Achievement Scholarship [Program] helps further the success of not only the black population in America but also, there-fore, the country. Furthering education is arguably the best solution to solving a lot of the country’s problems, which is why funding these kinds of scholarships is crucial to our nation, as well as the world.”

2011–12 Annual Report18

national Achievement motorola Scholarship, 2008

niCHolas s. sPanoudisuniVersity of florida

PolitiCal sCienCe and goVernment

Nicholas S. Spanoudis graduated from the University of Florida with a degree in political science and gov-ernment in May 2012. His studies were supported by a National Achievement Motorola Scholarship, which helped him graduate from college debt-free. He says, “I know many other winners of nmsc scholarships, and there is not a single one of us that isn’t profoundly grateful for the money granted to us through this or-ganization. As sponsors, you are able to make higher education more affordable to intelligent, dedicated, promising students, and there is no way to accurately express how much it means to us.”

As an undergraduate, Nicholas completed an intern-ship, studied abroad, and maintained exceptional grades, making the Dean’s List several times and win-ning an award for academic excellence in Italian. In the summer of 2011, he completed an internship in Wash-ington, D.C., enabling him to meet senators, UN con-tractors, and diplomats and learn how he might make an impact in politics and international development. The next fall, Nicholas studied abroad at John Cabot University in Rome, completing a minor in Italian and

traveling throughout Europe. He was immersed in the local culture and language and learned what it might be like to work and live abroad once he completes his studies.

Nicholas is currently attending graduate school at the University of Kentucky’s Patterson School of Diplomacy and International Commerce, where he is pursuing a master’s degree in diplomacy. He hopes to eventually at-tain a PhD and work for the U.S. Department of State as a diplomat to help bring about greater international ac-cord. Nicholas explains, “The possibility of world peace is by no means a certainty. However, whether or not it is possible, there is no other goal in the world of political science more noble, and I would like to be able to do my part to bring the world closer to that end.”

Motorola Solutions Foundation has sponsored 915 awards in the National Merit Scholarship Program and the National Achievement Scholarship Pro-gram since first becoming a sponsor in 1964.

National Merit Scholarship Corporation 19

national merit marsh & mclennan Companies Scholarship, 2012

CHristoPHer gunnell bard College

musiC and PHilosoPHy

Christopher Gunnell is currently studying music per-formance at Bard College in the hopes of becoming a professional musician. His desire to pursue percussion performance in college was cemented during a summer percussion seminar at The Juilliard School. He says, “[the experience] helped me to see that my love for learning and my love for performing music really go hand in hand.”

Christopher’s love of music began at an early age; he be-gan studying percussion with the Louisville Youth Orchestra when he was in sixth grade and continued with the group for seven years. He also performed with an ensemble at his high school, where he and twelve other percussionists had the “life-changing experience” of commissioning a per-cussion piece by renowned composer David Maslanka and performing its world premiere. During his senior year of high school, Christopher attended the National Heritage Band Festival in New Orleans, Louisiana, where he received the Maestro Award for Excellent Solo Performance, an award given to only five students across the country. He was also a member of the National Honor Band and made All-State and All-County bands.

In addition to his musical accomplishments, Christopher has been very successful academically. He completed two separate magnet programs in high school—the Youth Performing Arts School and the Math, Science, and Tech-nology magnet program. He also received a number of awards, including the National Spanish Exam Bronze Award and the duPont Manual Science Fair Award. He was named an AP Scholar with Distinction and was a member of the State Governor’s Cup Competition in Literature. On being named a National Merit Scholar, Christopher says, “It brought great recognition and respect to me from my peers, as well as provided me so many opportunities to fur-ther my learning that it almost made my head spin. I feel so fortunate to have had all the opportunities that this award presented to me.”

In addition to music performance, Christopher will be studying philosophy and social policy at Bard, where he is pursuing a dual degree program. He has enjoyed his studies in history, literature, and the social sciences and is excited to continue them as an undergraduate. He says, “I feel study-ing social policy is a way to pull together many of the areas for which I have a passion, in a way to contribute to society.”

Marsh & McLennan Companies, Inc. has sponsored 448 scholarships through nmsc since first becoming a sponsor in the National Merit Schol-arship Program in 1978.

2011–12 Annual Report20

national merit Honeywell Scholarship, 2008

akHila s. narlawasHington uniVersity in st. louis

enVironmental sCienCe

Akhila S. Narla dedicated much of her time as an undergraduate to fighting extreme poverty in develop-ing countries. After her freshman year of college, she traveled to Uganda to partner with a health and develop-ment organization that runs a local youth center. By finding a market in the United States for jewelry made at the center, Akhila helped the students earn enough money to return to school or find jobs. She says, “I now know it is possible to improve a few lives with a sincere effort, and I find it to be extremely fulfilling and hum-bling and the work that I love.”

Akhila’s academic achievements are just as remark-able—she graduated magna cum laude with a degree in environmental science from Washington Univer-sity in St. Louis. In her time there, she was named a Newman Civic Fellow, an award acknowledging emerging problem solvers and civic leaders; a Udall Scholar, for students committed to careers related to the environment; a Howard Hughes Medical Institute Sum-mer Undergraduate Research Fellow; and a Proctor & Gamble Social Change Grant recipient. She was also initiated as a member of Sigma Xi, a national honor society for students who demonstrate noteworthy achieve-ments in scientific research. Akhila was motivated in part by her National Merit Scholarship, which was sponsored through Honeywell International, Inc., and matched by her university. She notes, “As I progressed throughout my undergraduate career, knowing that I had the backing of National Merit [Scholarship Corporation], Honeywell, and my university gave me the confidence to believe in myself and my ability to succeed.”

For the next two years, Akhila will be teaching high school science for the Navajo Nation in Arizona through Teach for America. By working with their Native Achievement Initiative, she hopes to continue fighting the type of extreme poverty she has seen on her travels abroad. She has also designed and implemented a pro-gram with the Pascua Yaqui Tribe that seeks to prevent type 2 diabetes through improved family nutrition.

Akhila hopes to attend medical school after she com-pletes her work with Teach for America. Seeing a need in rural areas for increased health education and care, she plans to become a physician and teach preventative, holistic medicine to those who are often without access. She hopes her efforts will empower those in rural areas to improve their own health and wellbeing. Just as she did in Uganda, Akhila wishes to help lift others out of poverty and have an impact on communities that have been overlooked in the past.

Honeywell International, Inc. first became a sponsor in the National Merit Scholarship Program in 1970 and has funded a total of 546 scholarships.

National Merit Scholarship Corporation 21

trinity d. wallswasHington uniVersity in st. louis

biology

national Achievement reynolds American Foundation

Scholarship, 2012

Trinity D. Walls is currently attending Washington Uni-versity in St. Louis and is proud of the recognition and support her National Achievement Scholarship has brought her. Trinity says, “Winning a National Achieve-ment Scholarship is an extremely high honor....Not only does it give me pride, it also gives me the confidence to push harder to excel in my future endeavors.”

Trinity has found a great deal of success academically— she is a member of the National Honor Society and was named valedictorian at her high school, a goal she set for herself in middle school and “worked extremely hard to achieve.” She has also won numerous academic awards at her high school and was named an AP Scholar with Honor. Trinity’s scholarship has moti-vated her to continue on her path toward success in col-lege and beyond; she says that being recognized by the National Achievement Program “encourages students to excel and surpass even their own expectations.”

In addition to her academic work, Trinity has volunteered her time to teach music classes to chil-dren at bible camps. She has also raised money to help fight lupus and to support the Brain Injury Association of North Carolina. Despite a busy schedule, she ran varsity track in high school, competing at the state level and becoming a captain of the girls sprint team. She received an award for her extra effort in practices and tutored a younger team member in algebra.

Trinity plans to study biology at Washington University in St. Louis; she has been interested in the subject from a very young age, when she began bringing frogs, salamanders, and caterpillars home to keep as pets. She once brought her sixteenth birthday present, a tarantula named Anastasia, to school to show off to her class. She intends to become an entomologist, studying the anatomy and physiology of insects and arachnids and educating others about them. With her knowledge of biology and entomology, she hopes to better the lives of both animals and humans suffering from disease. She says that by working with veterinary and medical specialists, “I hope to use the knowledge I gain to find cures or treatments for diseases presently affecting animals and humans.”

Reynolds American Foundation began sponsoring scholarships in the National Merit Scholarship Program and the National Achievement Scholarship Program in 2000. The foundation has sponsored a total of 295 awards through nmsc.

2011–12 Annual Report22

minnesota mining and manufacturing merit

Scholarship, 1967

PHiliP w. sagstetterloCkHeed martin CorPoration

software engineer

Philip W. Sagstetter graduated from high school dur-ing the height of the Vietnam War. His National Merit Scholarship put college within his reach financially, enabling him to pursue a degree in physics and math-ematics at St. Mary’s University of Minnesota instead of enlisting in the armed forces at eighteen. He says, “I went into military service eventually in 1972, but I was able to go to Officer Training and Flight Training as a result of my college degree.…Without the National Merit Scholarship, I would have joined the Air Force as an enlisted person, and I would have attended col-lege eventually. But the scholarship put me on a faster track to advancement in educational and employment opportunities.”

After college, Philip became an officer and a navigator in the U.S. Air Force and learned to fly the F-4 Phantom aircraft, which he flew for eight years in Southeast Asia and Europe. He trained to defend NATO with nuclear weapons and received two Air Force Combat Readi-ness Medals and a Korea Defense Service Medal. Philip was then selected to attend the Air Force Institute of Technology—a distinct honor, since only two pilots and two navigators were chosen by the Air Force to attend each year. He earned a master’s degree in computer systems. For his thesis, Philip researched linear algebra methods to speed up the matrix calculation of heat penetration into the space shuttle during reentry. The software he created was used by the Air Force to evaluate whether the space shuttle could land at Vandenberg Air Force Base.

Philip left the Air Force in 1985 and became a com puter system engineer with Lockheed Martin Corporation, where he is still employed today. He has worked on a wide variety of projects and several govern-ment contracts, using his background in mathematics to improve large, complex computer systems. He has designed pieces of software used by the military to con-trol vehicles in outer space and created communication protocol software for a network of satellites used in mili-tary communications. In 2005, he received a Certificate in Geographic Information Systems from the University of Denver Graduate School, which helped in his work on computer mapping for a military contract. Much of his other work is classified.

For the last 27 years, Philip’s career at Lockheed Martin Corporation has enabled him to do the kind of engi-neering work that he “always dreamed about.” The support he received through nmsc and his scholarship sponsor, Minnesota Mining and Manufacturing (3M), helped him obtain the education he needed to build a successful career. He says, “I was honored to receive my National Merit Scholarship from the Fortune 100 Corporation that my father worked for….It seems to me that sponsoring a National Merit Scholarship is a very altruistic act.”

In 1960, 3M Company, then known as Minnesota Mining and Manu-facturing Company, became a sponsor in the National Merit Scholarship Program. The company has sponsored 2,658 awards in the years since.

National Merit Scholarship Corporation 23

national Achievement Scholarship, 1992

earnest a. deloaCH, Jr.young deloaCH PllC

attorney

In 1992, Earnest A. DeLoach, Jr. received a National Achievement Scholarship funded by Polaroid Foun-dation, Inc., which gave him confidence that he could “compete and graduate from a great academic university.” His scholarship supported his studies at the University of Miami (UM), where he was also the recipient of an Isaac Bashevis Singer Scholarship, one of the school’s most prestigious merit-based awards. He majored in international affairs and political science and graduated cum laude in 1996.

After his four years at UM, Earnest attended law school at Florida State University, where he continued his record of high achievement—he was named a Virgil Hawkins Fellow and graduated as the most decorated oral advocate in his class. He became an attorney in 1999 and worked at several firms, gaining experience in litigation and advocacy. In 2006, Earnest formed DeLoach Law LLC, a law firm specializing in commer-cial, employment, and construction law. In 2011, his firm merged with another firm to form Young DeLoach PLLC, where he is Co-Managing Principal and Senior Attorney. He has also taught classes at Florida A&M University College of Law as an adjunct professor, at the Dwayne O. Andreas School of Law at Barry University, and at Valencia College.

Beyond his academic and professional accomplish-ments, Earnest has been very involved in his community and in many professional organizations. He is currently the Vice Chairman of the African American Chamber of Commerce of Central Florida, an executive board member of the Tiger Bay Club, and a member of the Omega Psi Phi Fraternity, Inc. He is a member of the Orange County Charter Review Commission and the City of Orlando Nominating Board, and he recently served as Chairman of the Orange County School Board Reapportionment Committee. He was a member of 100 Black Men of Orlando for several years, and he was for-merly on the Board of Directors for the Parramore Boys and Girls Club.

Earnest is a regularly featured speaker and presenter for numerous civic organizations and youth groups. He has received many awards for his professional suc-cess and his service to the community. In 2008, he was a co-recipient of the Florida A&M University College of Law “Spirit of Service Award,” and in 2011 he was a “40

Under 40” Nation’s Best Advocates honoree. He has also been honored by Orlando Style Magazine, Orlando Busi-ness Journal, RYSE Magazine, and Florida Trend Magazine.

Earnest currently lives in the Orlando area with his wife, who is also an attorney, and their two children. He is grateful for the scholarships he received from nmsc and UM during his undergraduate years, which helped him focus on his studies and gave him greater educational opportunities. He says, “There’s no better investment than education. Sponsors of this scholarship are…building a better world through educational op-portunity for deserving students.”

2011–12 Annual Report24

Scripps Howard Foundation Scholarship, 2008

laurel sydney tanneruniVersity of Colorado at boulderarCHiteCture/enVironmental design

Laurel Sydney Tanner received a Special Scholarship award in 2008, which she used to study environmental design at the University of Colorado at Boulder (CU). She graduated with departmental honors, made the Dean’s List, and participated in the Presidents Leader-ship Class, a program that seeks to develop innovative and service-oriented leaders.

Sydney’s scholarship gave her the financial freedom to explore a variety of clubs and organizations instead of working long hours; while pursuing her degree, she served in Americorps and completed two internships. She says, “My undergraduate goals were to explore a variety of endeavors, and I feel that the scholarship gave me the opportunity to focus on art, design, the environment, education, and architecture more than a minimum wage job.”

During her internship with the Children, Youth, and Environments Center for Civic Engagement at CU, she had the unique opportunity to work with Jane Goodall, UN Messenger of Peace, and Marc Bekoff, CU Professor Emeritus. She helped them design a children’s book for the Roots and Shoots Foun-dation, collecting the drawings of children from around the world to teach about environmentalism and sustainability.

Uniting her interests in education and design, Sydney is currently teaching literacy through art to elementary students in Detroit with Teach for America (TFA). “My study of urban environments, my love of art and design, and my passion for education have all come together in what I hope will be a wonderful and life-changing expe-rience for me and my students.” Should she continue her work in education beyond TFA, she hopes to help close the achievement gap and ensure that all children have access to quality education.

Sydney is also considering attending graduate school to study sustainable urban development and architec-ture and continue her work in environmental design. Although she is still choosing from multiple career options, she is certain of her professional goals: combat-ing climate change and improving the lives of children. “In the end, I want to contribute to a profession where the well being of our planet and our children are of the utmost concern, and figuring out how to do so is a task all on its own.”

(left)

Since first becoming a sponsor in 1997, Scripps Howard Foundation has sponsored 197 scholarships for students in the National Merit Scholarship Program and the National Achievement Scholarship Program.

National Merit Scholarship Corporation 25

Sponsor organizations have been an essential component of nmsc’s scholarship activities from the very beginning. Busi-nesses and corporate foundations have provided scholarship support in every annual competition, including the first National Merit® Scholarship Program in 1956 and the first National Achievement® Scholarship Program in 1965. Colleges and universities have sponsored awards through the National Merit Scholarship Program since 1963 and supported the National Achievement Scholarship Program from 1973 to 2004.

Continuous sponsor support over time has made it possible for the percentage of nmsc Finalists who are awarded scholarships and the number of scholarships awarded to grow.

AllegiAnce and Support

Number of Scholarships Awarded

Supported by nmsc’s own funds

Supported by Sponsors(corporate and college)

Corporate organizations that sponsored scholarships in the first National Merit Scholarship Program in 1956 that are still sponsors today:

2012 Sponsor Name Pfizer IncThe Boeing CompanyFMC FoundationGeneral DynamicsGoodrich Foundation, Inc.National Distillers Distributors FoundationPPG Industries FoundationBP Foundation, Inc.

1956 Sponsor NameAmerican Cyanamid CompanyBoeing Airplane CompanyFood Machinery & Chemical FoundationGeneral Dynamics CorporationB. F. Goodrich FundNational Distillers Products CorporationPittsburg Plate Glass FoundationStandard Oil Foundation

Percentage of National Merit Finalists awarded Merit Scholarship® awards

1956 2012

Percentage of National Achievement Finalists awarded Achievement

Scholarship® awards

10.9% 53.4%

35.6% 57.4%

5651,041

4,017

7,024

8,943

10,60810,244

1956 1962 1972 1982 1992 2002 2012 1965 2012

2011–12 Annual Report26

$177.1 million for 76,107 awards

$539.8 million for 146,820 awards

$776.6 million for 154,143 awardsTotal: $1.494 billion for 377,070 Merit, Special, and Achievement Scholarship awards

Funding for awards1956–2012

nmsccollege

sponsors

corporate sponsors

1963 1972 1982 1992 2002 2012

Number of scholarships sponsored by colleges and universities in the National Merit Scholarship Program

Value of scholarships sponsored by colleges and universities in the National Merit Scholarship Program

1963 1972 1982 1992 2002 2012

Bowdoin CollegeClaremont Men’s CollegeHarvey Mudd CollegeMichigan State UniversityOccidental CollegeTexan Christian University

Nine colleges and universities became sponsors of National Merit Scholarships in 1963, the first year higher education institutions began sponsorship. Six from the original sponsor list are still sponsors today:

4,512

3,651

2,252

175

973

4,553

$400

,000

2012 marks the 50th year that higher education institutions have been sponsoring Merit Scholarship awards. The graphs below show the number and value of college-sponsored scholarships in 1963, 1972, 1982, 1992, 2002 and 2012.

$2.6

milli

on

$9 m

illio

n

$14.

4 m

illio

n

$19

milli

on

$21.

9 m

illio

n

National Merit Scholarship Corporation 27

CACi Scholarship, 2012

tiffany a. le massaCHusetts institute of teCHnology

ComPuter sCienCe and eleCtriCal engineering

Tiffany A. Le’s interest in computer science began at an early age, when her father taught her how to install software and access the Internet. Her experience in the math, science, and computer science magnet programs in middle and high school only furthered this interest. When Tiffany was in ninth grade, she received a first place award from the Institute of Electrical and Electronics Engineering for her independent research on solar cell efficiency. Receiving this award gave her the confidence to continue to conduct research, which led to various award-winning science projects.

Selected from over 5,000 applicants, Tiffany partici-pated in an internship for two consecutive summers at the Naval Medical Research Center in Silver Springs, Maryland. There, she completed a research project on antimicrobial resistance, which won second place at the science fair. Of this opportunity, Tiffany states, “It gives me satisfaction to know that my research could potentially lead to new developments in targeting antibiotic-resistant infections.”

Tiffany was a member of the girls’ varsity tennis team for all four years of high school and was co-captain her senior year. As a member of her school’s National Honor Society, she was a mentor and tutor for the mag-

net school freshmen. Outside of school, Tiffany earned a black belt in the martial arts, and she tutored students in math at her former middle school. She says, “From these activities, I learned that persistence and resilience are crucial to success. Whether it is playing tennis or teaching someone a new math concept, it is important that one not give up when there are challenges.”

Tiffany is currently a freshman at Massachusetts Institute of Technology, where she is majoring in computer science and electrical engineering. She plans to get a master’s degree and eventually conduct research in the field of artificial intelligence. She believes that Companies like cAci International Inc, which sponsors National Merit Scholarships and Special Scholarship awards for deserving high school students, “also help the U.S. as some of these Scholars could become great leaders in the future.”

caci International Inc sponsors scholarships for the children of employees through nmsc and has been a sponsor in the National Merit Scholarship Program since 2008.

2011–12 Annual Report28

Photo courtesy of Arizona State University

national merit Arizona State University Scholarship, 2008

miCHael CHristiansenarizona state uniVersity

PHysiCs

Michael Christiansen majored in physics at Arizona State University (ASU) and graduated summa cum laude in the spring of 2012. Currently, he is pursuing a PhD in materials science and engineering at Massachu-setts Institute of Technology (MIT) and plans to design technological innovations that benefit our society. He explains, “While it is a mistake to hope that technology will solve all of our problems, I think that there is a real potential for it to do lasting good.”

Michael’s years of hard work at ASU culminated in mul-tiple awards, including the Moeur Award, which honors students with 4.0 grade point averages who graduate within eight consecutive semesters. He also received the Barry M. Goldwater Scholarship, a national award honoring students studying mathematics, science, or engineering. Michael was a member of Barrett, The Honors College at ASU, and traveled with them to China through a study abroad program in the summer of 2009 to learn about globalization.

With the financial support of ASU, Michael was able to seek out research-based internships in his field rather than work part time during his undergraduate years. As an ASU Space Grant Intern, he built exper imental equipment to grow nanostructured materials in an

ultrahigh vacuum. At the National Renewable Energy Laboratory, Michael contributed to a solar energy project as an intern with the U.S. Department of Energy. He also spent a summer at the Research Experi-ence for Undergraduates at MIT, where he worked on the desalination of brackish water using nanotechnology; the experience was instrumental in his decision to pursue graduate studies at MIT.

To potential sponsors of National Merit Scholar-ships, Michael says, “Thank you, not from beneficiary to benefactor, but from citizen to citizen. I believe strongly in the value of education, and an investment in scholarships for promising students is an investment in our society.”

Since becoming a sponsor in 1976, Arizona State University has sponsored 1,836 awards in the National Merit Scholarship Program.

National Merit Scholarship Corporation 29

national merit oberlin College Scholarship, 2012

yuta a. takagioberlin College

eCology

Yuta A. Takagi spent his junior year of high school in Guayaquil, Ecuador, as an exchange student with AFS Intercultural Programs. The experience gave Yuta a better understanding of the unique challenges facing developing countries. He says, “Through school and media, I was aware of world problems such as starva-tion, social injustices, war, and poverty, but being cog-nizant is not the same as truly knowing.” Largely due to his experiences in Ecuador, Yuta is now determined to “better our world” by finding innovative ways to combat global warming and environmental degradation. Yuta is studying ecology at Oberlin and is particularly interested in bioremediation, the use of micro-organisms to treat contaminated materials and remove pollutants naturally.

While at Oberlin, Yuta is also studying music, a medium for expression he finds very gratifying. In addition to playing the piano and performing at local venues, he also creates and produces electronic music and builds his own instruments. He sees music as a way to give back to the world and admires the “universality of its appeal to fundamental human sentiments” because it “transcend[s] differences in language and thought.” He hopes that music composition can help him contribute artistically to the global community.

Yuta has successfully met extreme challenges in the past, which gives him the confidence to meet any goal he sets for himself. He is from Alaska and grew up skiing and racing sled dogs. In 2008, he competed in the Junior Yukon Quest Sled Dog Race, a 120-mile race out of Fair-banks, Alaska. Yuta crossed the finish line nine hours after the previous team, in negative thirty-five degree weather with frostbite on his face and ears. He received the Red Lantern Award, which is given to the final team to complete the race each year in honor of their deter-mination. He says, “This was the most challenging thing I have ever done, and completing that race engendered my belief that I can accomplish anything if I put my mind and heart in it.”

Yuta’s strength and tenacity have helped him suc-ceed academically. He is proud to be a National Merit Scholar and is grateful for the recognition provided to him by nmsc and Oberlin College. He notes, “I was very excited to be a competitor in a selection of the best stu-dents in the country and found that knowledge to be just as motivating as the scholarship money.”

Oberlin College has sponsored 1,114 awards through nmsc since becom-ing a sponsor in the National Merit Scholarship Program in 1984.

2011–12 Annual Report30

National Merit Scholarship Corporation

31

The National Merit Scholarship Program strives to provide scholarships for as many students as possible. With the support of 437 independent spon-sor organizations, over half of the Finalists and a substantial number of other deserving program participants in the 2012 competition received scholar-ships for their undergraduate education. Corporations, foundations, and other business organizations have provided scholarships in all 57 Merit Scholarship® competitions completed to date. Colleges and uni-versities began underwriting awards in 1963. In 2012, sponsor organizations financed 74% of the scholarships awarded. All funds provided by sponsors are used for scholarships and are 100% tax-deductible.

Corporate sponsorshipThe 244 corporate organizations that sponsored awards in the 2012 competition represent the broad spec-trum 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 recipi-ents. 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 iden-tification of candidates to distribution of scholar-ship payments to winners, are handled by nmsc without charge. Services include providing sam-ple materials for publicizing a sponsor’s program, Web-based entry for award candidates, scholarship application processing, selection and notification of award winners, public announcement of National Merit Scholarship recipients, and certificates for pre-sentation to winners. nmsc also monitors the Scholars’ progress during their undergraduate years and sends their sponsors periodic status reports.

College and university sponsorshipThe 193 higher education institutions that provided Merit Scholarship awards in 2012 range from small private colleges to flagship state universities, and they all share the ability to attract National Merit Program Finalists to their campuses. nmsc provides college sponsors with lists of Finalists who have selected their institutions as first choice; college officials then choose the winners of their institutions’ awards. nmsc sends scholarship offers to winners, issues press releases, provides certificates for presentation to Scholars, and administers the awards during the recipients’ under-graduate years, all without charge.

Texas Instruments Incorporated, a sponsor since 1996, honored many of its 2012 National Merit Jerry R. Junkins Memorial Scholarship winners at a luncheon held at the company’s headquarters in Dallas.

sPonsors—national merit® sCHolarsHiP Program

The University of Alabama is committed to academic excellence, and for that reason, participates in the National Merit Scholar-ship Program to recruit and matriculate high academic achievers to the state's flagship institution of higher learning.

Mary K. Spiegel, Associate Provost and Execu-tive Director of Undergraduate Admissions, The University of Alabama

“ “

2011–12 Annual Report32

Abilene Christian University 5

Accenture llp 6 The Acushnet Company, Inc. 3

adp Foundation 9 31

Affymetrix, Inc. 1

Air Products and Chemicals, Inc. 6

Akzo Nobel Inc. 1 5

Albany International 2

The Alcon Foundation, Inc. 9

The Allergan Foundation 4 2

Allscripts Solutions, Inc. 3

Alma College 6

Ameren Corporation Charitable Trust 4 1

American City Business Journals, Inc. 2

American Electric Power Company, Inc. 3

American Financial Group 2

American University 10

AmerisourceBergen Corporation 4 4

The ametek Foundation 7

Anadarko Petroleum Corporation 4

Aon Foundation 12

Apache Corporation 1

Arch Chemicals, Inc. 1 2

Archer Daniels Midland Company 1 9

Arizona State University 75

Arkema Inc. Foundation 2 2

Armstrong Foundation 1 17

asc Partners, llc 2

asm Materials Education Foundation 1

Astellas us llc 1 1

AstraZeneca Pharmaceuticals lp 7 3

Auburn University 50

Ball State University 6

basf Corporation 10 10

Battelle 9

Bayer usa Foundation 9

Baylor University 71

Bethel University (Minnesota) 2

Trust Under The Will of Mary E. Beyerle 8

Birmingham-Southern College 1

Black & Veatch Corporation 1

bmc Software, Inc. 3 3

bnsf Foundation 1

The Boeing Company 52

BookItOut, Inc. 1

BorgWarner Inc. 3

Boston College 6

Boston University 29

Bowdoin College 32

bp Foundation, Inc. 22 27

Bradley University 1 Branch Banking & Trust Company 2 8

Brandeis University 6

Bridgestone Americas Trust Fund 1 36

Brigham Young University 50

Bristol-Myers Squibb Foundation, Inc. 17 33

Broadridge Financial Solutions, Inc. 4

Brocade Communications Systems, Inc. 2

Brooks Brothers Group, Inc. 1

Bucknell University 7

Bunge North America, Inc. 3

Bunzl usa, Inc. 1 4

Butler University 5

caci International Inc 4 1

Calvin College 21

Cardinal Health Foundation 3

Cargill, Incorporated 5 5

Carleton College 70

Carlisle Companies Incorporated 1 1

Carpenter Technology Corporation 1 2

Case Western Reserve University 48

cbs Corporation 5

Centre College 3

Chemtura Corporation 1

Chevron u.s.a. Inc. 16

Chico’s fas, Inc. 2

Claremont McKenna College 11

Clemson University 31

Colby College (Maine) 3

Colgate-Palmolive Company 2 8

Collective Brands Foundation 5

College of Charleston 7

College of Wooster 4

Colorado College 6

Colorado State University 6

Computer Sciences Corporation 15

Sponsor Merit Special Sponsor Merit Special

Sponsors and the scholarships they supported in the 2012 National Merit® Scholarship Program

Bayer has been a proud sponsor of the National Merit Scholarship Program for 25 years. The program is a great way to provide our employees and their children with financial support for opportunities in higher education.

Diana Kamyk, Head of U.S. Diversity and Inclusion, Bayer Corporation

“ “

National Merit Scholarship Corporation 33

ConAgra Foods Foundation 1

Concordia College (Minnesota) 3

consol Energy Inc. 1 14

Continental Grain Foundation 1 1

Corning Incorporated 5

Corporate sponsor grants 118 country Financial 5 Covidien 3 17

Creighton University 3csx Corporation 9

Cytec Industries Inc. 2 2

Davidson College 3

The Delphi Foundation 4

Denison University 18

DePauw University 2

Dickinson College (Pennsylvania) 1

Dole Food Company, Inc. 1

R. R. Donnelley Foundation 1 15

The Dow Chemical Company Foundation 15 Dow Jones Foundation 2 13

Drake University 4

Dresser, Inc. 2

e*trade Financial Corporation 2

Earlham College 2

Eastman Chemical Company Foundation, Inc. 2

Eaton Charitable Fund 5 10

El Paso Corporation 1 16

Electrolux North America 2

Emerson Charitable Trust 6

Emory University 34

Estee Lauder Companies, Inc. 3 ethicon, inc. 1 1

FedEx Custom Critical, Inc. 2

FedEx Freight Corporation 20

FedEx Ground Package System, Inc. 6

Ferro Foundation 2

Fifth Third Foundation 10 7

fil Holdings Corporation Inc. 1

Florida State University 7

Fluor Foundation 4

fmc Corporation 2 1

fmc Technologies, Inc. 2 Fordham University 29

Formosa Plastics Corporation, u.s.a. 3

Franklin and Marshall College 2

Furman University 9

gaf 2

Gannett Foundation, Inc. 4 8

geico Philanthropic Foundation 2

GenCorp Foundation, Incorporated 5

General Dynamics 14

General Dynamics Ordnance and Tactical Systems 1

General Mills Foundation 2

George Washington University 13

Georgia Institute of Technology 91

Georgia-PacificFoundation,Inc. 1 49

gkn Foundation 5

Gleason Foundation 2

Global Tungsten & Powders Corp. 1

Gonzaga University 2

Goodrich Foundation, Inc. 3

The Goodyear Tire & Rubber Company 6 2

Gordon College (Massachusetts) 4

Goshen College 2

W.W. Grainger, Inc. 1 9

Greyhound Lines, Inc. 4

Grinnell College 22

Gustavus Adolphus College 3

Hampshire College 1

Harding University 8

Harris Corporation 2

Harsco Corporation Fund 2

Harvey Mudd College 38

H. J. Heinz Company Foundation 6

Hendrix College 8

Henkel of America, Inc. 3 3

Hillsdale College 14

Hoffmann-La Roche Inc. 18 6

Honeywell International, Inc. 21

Hope College 10

Hormel Foods Charitable Trust 1 17

HoughtonMifflinHarcourt 1 1

The Harvey Hubbell Foundation 1 3

The ikonOfficeSolutionsFoundation 2 8

Illinois Tool Works Foundation 5 25

Indiana University Bloomington 44

Ingersoll-Rand Charitable Foundation 4 12

Insperity Services, l.p. 3

Intermec Foundation 5

International Specialty Products Inc. 2

International Union of Bricklayers 3

and Allied CraftworkersIowa State University 30

Ithaca College 8

Jacobs Engineering Foundation 2

Janssen Pharmaceuticals, Inc. 4 1

Janssen Research & Development, llc 3

Janssen Supply Chain 2

John Bean Technologies Corporation 2

Johnson & Johnson Consumer Companies, Inc. 1 5

Sponsor Merit Special Sponsor Merit Special

2011–12 Annual Report34

Johnson & Johnson World Headquarters 2

Kalamazoo College 3

Kaman Corporation 3

Kansas State University 8

The Kennametal Foundation 5

Kenyon College 17

Knovel 2

Knox College 4

lanxess Corporation 1

Lawrence University (Wisconsin) 9

Lehigh University 11

Lennox International Inc. 2 8

Lewis & Clark College 4

Liberty Mutual Scholarship Foundation 6 8

Liberty University 15

lmi Aerospace, Inc. 2

Lockheed Martin Corporation Foundation 44 56

Loews Foundation 1 3

Lord & Taylor Foundation 2

Lorillard Tobacco Company 8

Louisiana State University 33

Louisiana Tech University 4

Loyola University Chicago 11

The Lubrizol Foundation 3

Luther College 2

Luxottica Retail North America Inc. 8

Macalester College 25

Macy’s, Inc. 12 43

Marquette University 8

Marsh & McLennan Companies, Inc. 10 10

McDonald’s Corporation 1

The McGraw-Hill Companies, Inc. 7 13

McKesson Foundation Inc. 8 12

Mead Johnson & Company, llc 1 1

Mead Witter Foundation, Inc. 10

Medline Industries, Inc. 1

Glenn and Ruth Mengle Foundation 1

Messiah College 6

MetLife Foundation 5

Miami University 6

Michigan State University 33

Michigan Technological University 3

Mississippi State University 14

Missouri University of Science and Technology 10

The mitre Corporation 1

The Modine Manufacturing Company 2 Foundation, Inc.Montana State University-Bozeman 9

The Moody’s Foundation 1 1

Motorola Mobility Foundation 9

Motorola Solutions Foundation 4

National Distillers Distributors Foundation 9

National Merit Scholarship Corporation 2,383

Nationwide Foundation 7 3

Navistar Foundation 1

New College of Florida 5

New Jersey Manufacturers Insurance Group 1 2

New York Life Foundation 5

The NewMarket Foundation 2

NextEra Energy Foundation, Inc. 5

NiSource Charitable Foundation 15

Norfolk Southern Foundation 3 7

North Dakota State University 5

Northeastern University (Massachusetts) 84

Northrop Grumman Corporation 48 13

Northwestern University 169

Novartis Corporation 20

Novo Nordisk Inc. 2

nstar Foundation 2

Oberlin College 28

Occidental College 4

Occidental Petroleum Corporation 2

O’Donnell Foundation 2

Ohio State University 41

Ohio University 4

Oklahoma Christian University 4

Oklahoma City University 1

Oklahoma State University 14

Old National Bank Foundation 3

Franklin W. Olin College of Engineering 19

omnova Solutions Foundation, Inc. 1

Omron Foundation, Inc. 5

Oregon State University 9

Ouachita Baptist University 3

Sponsor Merit Special Sponsor Merit Special

Sponsors and the scholarships they supported in the 2012 National Merit® Scholarship Program (continued)

The State Farm Companies Foundation believes in developing visionary youth through the power of education. To encourage students’ pursuit of their dreams, the Foundation partners with nmsc to fund National Merit Scholarships and to provide scholarships to the children of State Farm associates. We are proud to support these young leaders as they invest in building bright futures.

Mary Crego, Vice President and Secretary, State Farm Companies Foundation

“ “

National Merit Scholarship Corporation 35

Panavision Inc. 2

ParkerHannifinFoundation 2

Frank E. Payne and Seba B. Payne Foundation 3

The Penn Mutual Life Insurance Company 1

Pennsylvania State University 5

Pepperdine University 3

PepsiCo Foundation, Inc. 20

PfizerInc 21 29

Pilkington North America, Inc. 2

Pomona College 6

ppg Industries Foundation 18 42

ppg Industries, Inc. 1

ppl 1 3

Putnam Investments, Inc. 2

Rensselaer Polytechnic Institute 14

Research Triangle Institute 4

Rexam Inc. Foundation 2

Reynolds American Foundation 3 14

Rheem Manufacturing Company 4

Rhodes College 13

Rice University 104

Robbins & Myers Foundation 1Rochester Institute of Technology 12

Rockwell Automation Charitable Corporation 2

Rockwell Collins Charitable Corporation 12

Rolls-Royce North America Inc. 3

Rose-Hulman Institute of Technology 9

Rutgers, The State University of New Jersey 16

Saint Louis University 3

St. Olaf College 21

Samford University 4

Santa Clara University 4 sap America, Inc. 9 Schindler Elevator Corporation 9

Schneider Electric North America Foundation 4 13

Schweinburg Fund 3

Science Applications International Corporation 15

Scripps College 8

Scripps Howard Foundation 1 10

Scripps Networks Interactive, Inc. 1 1

Sensient Technologies Foundation 2 1

Sentry Insurance Foundation, Inc. 5

The Shaw Group Inc. 5

Siemens Foundation 30 120

Snap-on Incorporated 5

Sogeti usa llc 2

Solvay North America, llc 4

Sony Electronics Inc. 3

South Dakota State University 3

Southern Company Services, Inc. 7

Southern Methodist University 14

Southwest Airlines Co. 5

Southwestern University 2

C. D. Spangler Foundation, Inc. 1

Spirit AeroSystems, Inc. 1

sri International 2

State Farm Companies Foundation 8 92

Stony Brook University 9

Suburban Propane, l.p. 1 2

Tate & Lyle Americas llc 2

Taylor Publishing Company 1

td Ameritrade Services Company, Inc. 2 3

Telcordia Technologies 5

Tellabs Foundation 3

Tennessee Technological University 3

Teradata Corporation 7

Texas A&m University 113

Texas Christian University 10

Texas Instruments Incorporated 24 Texas Tech University 3

Textron Charitable Trust 4 6

J. Walter Thompson Company Fund, Inc. 2

3M Company 12 28

Tomkins Corporation Foundation 10

Towers Watson and Company 4

Transylvania University 2

The Travelers Employees’ Club 3 2

Tredegar Corporation 2

Trinity University 11

Truman State University 13

Tufts University 41

Tulane University 32

tw telecom, Inc. 2

United Services Automobile Association 1

Sponsor Merit Special Sponsor Merit Special

Our ability to assist the children of fellow UPSers in securing the opportunity for post-secondary education is paramount to helping build community resiliency for the future.

Eduardo Martinez, President , The UPS Foundation

“ “

2011–12 Annual Report36

United States Fire Insurance Company 2

University of Alabama at Tuscaloosa 208

University of Alabama at Birmingham 9

University of Arizona 69

University of Arkansas, Fayetteville 31

University of Central Florida 57

University of Chicago 217

University of Cincinnati 28

University of Dallas 10

University of Dayton 3

University of Evansville 6

University of Florida 116

University of Georgia Foundation 42

University of Houston 24

University of Idaho 12

University of Illinois at Urbana-Champaign 40

University of Iowa 20

University of Kansas 29

University of Kentucky 54

University of Louisville 14

University of Maine 7

University of Maryland 47

University of Miami 23

University of Minnesota 115

University of Mississippi 28

University of Missouri-Columbia 26

University of Montana 2

University of Nebraska-Lincoln 38

University of Nevada, Reno 13

University of Nevada, Las Vegas 1

University of New Mexico 13

University of North Carolina at Chapel Hill 101

University of North Dakota 3 University of North Texas 7

University of Oklahoma 160

University of Oregon 8

University of Pittsburgh 3

University of Richmond 6

University of Rochester 24

University of St. Thomas (Minnesota) 6

University of the South 4

University of South Carolina 34

University of South Florida 20

University of Southern California 228

University of Southern Mississippi 8

University of Tennessee 17

University of Texas at Dallas 56

University of Tulsa 41

University of Utah 14

University of Vermont 3

University of Wisconsin-Madison 5

University of Wisconsin-Eau Claire 4

University of Wyoming 3 The ups Foundation 22 103

Ursinus College 2

usg Foundation, Inc. 4 1

Utility Workers Union of America, afl-cio 2

Valparaiso University 2

Vanderbilt University 137

Villanova University 6

Virginia Polytechnic Institute and State University 14

Vulcan Materials Company Foundation 1 2

Wabash College 1

Walgreen Co. 11

Washington and Lee University 5

Washington State University 2

Washington University in St. Louis 142

Waste Management 2

Wayne State University (Michigan) 7

West Virginia University Foundation, Inc. 12

Western Washington University 3

Westminster College (Utah) 3

Westmont College 4

Wheaton College (Illinois) 22

Whitman College 16

Whitworth University 1

Wichita State University 3

Willamette University 2

Wirtz Corporation 2

Wofford College 2

Worcester Polytechnic Institute 17

Wm. Wrigley Jr. Company 7

Wyeth 3 33

Xavier University (Ohio) 3

The Xerox Foundation 10

Sponsor Merit Special Sponsor Merit Special

National Merit® $2500 ScholarshipsAll corporate sponsors also provide grants in lieu of paying administrative fees to help nmsc underwrite National Merit $2500 Scholarships.

President’s FundUnsolicited contributions to support Merit Scholarship® awards were received fromthefollowingdonorsinthe2011–12fiscalyear.Theyareacknowledgedwith sincere appreciation.

Lillian Hanzlik TrustJudy HitchcockNicholas FoundationBeth L. O’DonohoeJake P. and Deborah V. Traskel

8,064 1,389

Sponsors and the scholarships they supported in the 2012 National Merit® Scholarship Program (continued)

National Merit Scholarship Corporation

37

Corporations, foundations, business organizations, and professional associations have financed National Achievement Scholarships in every competition, includ-ing the first in 1965. They have expended or committed approximately $50 million for some 13,800 awards for outstanding Black American high school students to con-tinue their education. Sponsors provide Achievement

791

Sponsors of scholarships in the 2012 National Achievement® Scholarship Program

adp Foundation 1

Ameren Corporation Charitable Trust 1

Bayer usa Foundation 1

Black Contractors United 1

The Boule Foundation 12

bp Foundation, Inc. 1

Cardinal Health Foundation 1

Chevron u.s.a. Inc. 1

Computer Sciences Corporation 1

Con Edison 1

Delta Sigma Theta Sorority, Inc. 1

R. R. Donnelley Foundation 2

Gaylord and Dorothy Donnelley Foundation 1

ExxonMobil 2

Fifth Third Foundation 1

General Mills Foundation 1

gkn Foundation 2

Goodrich Foundation, Inc. 1

Harris Corporation 1

The ikonOfficeSolutionsFoundation 1

Loews Foundation 1

Mead Witter Foundation, Inc. 5

MetLife Foundation 1

Motorola Solutions Foundation 3

National Merit Scholarship Corporation 710

Navistar Foundation 1

The NewMarket Foundation 1

PepsiCo Foundation, Inc. 2

ppg Industries Foundation 2

Reynolds American Foundation 5

Sony Electronics Inc. 3

sri International 2

Textron Charitable Trust 1

The ups Foundation 3

Walgreen Co. 5

Wirtz Corporation 1

The Xerox Foundation 11

Sponsor # awards

Craig S. Ivey, President of Con Edison, presents a certificate to Derrick C. Holman, winner of a 2012 National Achievement Con Edison Scholarship. Con Edison has provided scholarships for the children of its employees since 1979.

Scholarship® awards through an agreement with nmsc. The National Achievement Program’s professional ser-vices for sponsors are provided by nmsc without charge and include all aspects of candidate identification and award administration. Certificates are provided for spon-sors to present to their winners, and a press release is sent to news media in each Scholar’s community.

sPonsors—national aCHieVement® sCHolarsHiP Program

2011–12 Annual Report38

6* Abilene Christian University (5) 1 Agnes Scott College 6* Alma College (6) 14* American University (10) 8 Amherst College 97* Arizona State University (75) 62* Auburn University (50) 1 AzusaPacificUniversity 6* Ball State University (6) 2 Bard College 1 Barnard College 83* Baylor University (71) 1 Belmont University 1 Bennington College 1 Bethel College (Kansas) 2* Bethel University (2) 1* Birmingham-Southern College (1) 1 Boise State University 11* Boston College (6) 39* Boston University (29) 36* Bowdoin College (32) 1* Bradley University (1) 7* Brandeis University (6) 63* Brigham Young University (50) 79 Brown University 1 Bryan College (Tennessee) 7* Bucknell University (7) 6* Butler University (5) 49 California Institute of Technology 3 California Polytechnic State University, San Luis Obispo 24* Calvin College (21) 76* Carleton College (70) 1 Carlow University 33 Carnegie Mellon University 58* Case Western Reserve University (48) 3 Cedarville University 6* Centre College (3) 1 Charleston Southern University

2 City College of New York of the City University of New York 15* Claremont McKenna College (11) 1 Clark University (Massachusetts) 42* Clemson University (31) 1 Cleveland Institute of Music 4* Colby College (Maine) (3) 1 Colgate University 10* College of Charleston (7) 1 College of the Holy Cross 4 College of New Jersey 1 College of St. Benedict 6 College of William and Mary 4* College of Wooster (4) 8* Colorado College (6) 4 Colorado School of Mines 6* Colorado State University (6) 91 Columbia University 4* Concordia College (Minnesota) (3) 1 Cooper Union for the Advancement of Science & Art 1 Cornell College (Iowa) 54 Cornell University (New York) 1 Covenant College 6* Creighton University (3) 76 Dartmouth College 12* Davidson College (3) 22* Denison University (18) 4* DePauw University (2) 1* Dickinson College (Pennsylvania) (1) 1 Dordt College 4* Drake University (4) 5 Drexel University 112 Duke University 2* Earlham College (2) 1 Eastern Mennonite University 1 Elmhurst College 1 Elon University

1 Embry-Riddle Aeronautical University (Arizona) 1 Emerson College 43* Emory University (34) 1 Florida Institute of Technology 11* Florida State University (7) Fordham University 37* Bronx (27) 4* College at Lincoln Center (2) 1 Franciscan University of Steubenville 2* Franklin and Marshall College (2) 10* Furman University (9) 1 George Mason University 16* George Washington University (13) 36 Georgetown University 119* Georgia Institute of Technology (91) 1 Gettysburg College 3* Gonzaga University (2) 4* Gordon College (Massachusetts) (4) 2* Goshen College (2) 26* Grinnell College (22) 2 Grove City College 4* Gustavus Adolphus College (3) 1 Hamilton College 1* Hampshire College (1) 9* Harding University (8) 268 Harvard College 54* Harvey Mudd College (38) 1 Haverford College 11* Hendrix College (8) 16* Hillsdale College (14) 12* Hope College (10) 1 Houghton College 1 Illinois Wesleyan University 59* Indiana University Bloomington (44) 35* Iowa State University (30) 8* Ithaca College (8) 1 James Madison University

Merit Scholars

Merit Scholars

Merit Scholars

*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.

Colleges and universities enrolling the 2012 entering class of Merit Scholar® awardees

Participation in the National Merit Scholarship Program elevates the academic setting at Emory University. Supporting academically high achieving students through the funding of National Merit Scholarships reflects the desire Emory has to recruit and retain talented students from across the United States while lessening the student’s financial responsibility. The recognition that Emory receives through our part-nership with National Merit Scholarship Corporation solidifies Emory’s place among the most distinguished colleges, universities, companies and corporations who assist in the education of tomorrow’s leaders.

John Sisk, Assistant Director of Financial Aid, Emory University

National Merit Scholarship Corporation 39

*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.*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.

Merit Scholars

Merit Scholars

Merit Scholars

1 Jewish Theological Seminary of America 1 John Brown University 26 Johns Hopkins University 1 Juniata College 3* Kalamazoo College (3) 12* Kansas State University (8) 21* Kenyon College (17) 1 Kettering University 4* Knox College (4) 3 Lafayette College 9* Lawrence University (Wisconsin) (9) 11* Lehigh University (11) 4* Lewis & Clark College (Oregon) (4) 18* Liberty University (15) 3 Lipscomb University 37* Louisiana State University at Baton Rouge (33) 4* Louisiana Tech University (4) 1 Loyola Marymount University 11* Loyola University Chicago (11) 3* Luther College (2) 32* Macalester College (25) 9* Marquette University (8) 1 Maryville University of St. Louis 160 Massachusetts Institute of Technology 1 Meredith College 7* Messiah College (6) 11* Miami University-Oxford (6) 39* Michigan State University (33) 4* Michigan Technological University (3) 4 Middlebury College 1 Millsaps College 16* Mississippi State University (14) 12* Missouri University of Science and Technology (10) 11* Montana State University- Bozeman (9) 1 Morehouse College 4 Mount Holyoke College 1 Muhlenberg College 1 Murray State University (Kentucky) 5* New College of Florida (5) 16 New York University 6 North Carolina State University 6* North Dakota State University (5)

1 North Georgia College & State University 103* Northeastern University (Massachusetts) (84) 1 Northern Arizona University 1 Northwestern College (Iowa) 236* Northwestern University (169) 37* Oberlin College (28) 4* Occidental College (4) 1 Ohio Northern University 57* Ohio State University- Columbus (41) 6* Ohio University-Athens (4) 1 Ohio Wesleyan University 7* Oklahoma Christian University (4) 1* Oklahoma City University (1) 17* Oklahoma State University (14) 19* Franklin W. Olin College of Engineering (19) 11* Oregon State University (9) 1 Otterbein University 3* Ouachita Baptist University (3) 23* Pennsylvania State University- University Park (5) 8* Pepperdine University (3) 17* Pomona College (6) 181 Princeton University 1 Providence College 15 Purdue University 2 Reed College 20* Rensselaer Polytechnic Institute (14) 15* Rhodes College (13) 147* Rice University (104) 13* Rochester Institute of Technology (12) 1 Rollins College 13* Rose-Hulman Institute of Technology (9) 24* Rutgers, The State University of New Jersey (16) 5* Saint Louis University (3) 1 Saint Martin’s University 1 Saint Mary’s College of California 1 St. Norbert College 31* St. Olaf College (21) 1 St. Thomas Aquinas College 4* Samford University (4) 5* Santa Clara University (4) 1 Sarah Lawrence College 9* Scripps College (8) 3* South Dakota State University (3)

20* Southern Methodist University (14) 2* Southwestern University (Texas) (2) 195 Stanford University State University of New York at 2 Binghamton 1 Buffalo 12* Stony Brook (9) 1 Stevens Institute of Technology 15 Swarthmore College 4* Tennessee Technological University (3) 136* Texas A&M University (113) 12* Texas Christian University (10) 3* Texas Tech University (3) 3* Transylvania University (2) 11* Trinity University (Texas) (11) 14* Truman State University (13) 49* Tufts University (41) 36* Tulane University (32) 2 Union University (Tennessee) 3 University of Akron University of Alabama, 241* Tuscaloosa (208) 11* Birmingham (9) 81* University of Arizona (69) 35* University of Arkansas, Fayetteville (31) University of California, 90 Berkeley 2 Davis 2 Irvine 26 Los Angeles 11 San Diego 2 Santa Barbara 2 University of Central Arkansas 67* University of Central Florida (57) 1 University of Charleston 303* University of Chicago (217) 37* University of Cincinnati (28) 6 University of Colorado at Boulder 1 University of Connecticut-Storrs 14* University of Dallas (10) 4* University of Dayton (3) 1 University of Delaware 1 University of Denver 7* University of Evansville (6) 136* University of Florida (116) 51* University of Georgia (42) 1 University of Hartford 27* University of Houston- University Park (24)

40

12* University of Idaho (12) University of Illinois at 64* Urbana-Champaign (40) 3 Chicago 23* University of Iowa (20) 37* University of Kansas (29) 70* University of Kentucky (54) 17* University of Louisville (14) 8* University of Maine (7) University of Maryland, 61* College Park (46) 3* Baltimore County (1) 1 University of Massachusetts Amherst 33* University of Miami (23) 46 University of Michigan University of Minnesota- 143* Twin Cities (114) 1* Morris (1) 40* University of Mississippi (28) University of Missouri- 29* Columbia (26) 2 Kansas City 2* University of Montana-Missoula (2) University of Nebraska 46* Lincoln (38) 1 Omaha University of Nevada, 16* Reno (13) 1* Las Vegas (1) 1 University of New England 15* University of New Mexico (13) 136* University of North Carolina at Chapel Hill (101) 4* University of North Dakota (3) 7* University of North Texas (7) 51 University of Notre Dame 194* University of Oklahoma (160) 8* University of Oregon (8) 1 UniversityofthePacific 117 University of Pennsylvania

Colleges and universities enrolling the 2012 entering class of Merit Scholar® awardees (continued)

*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.

Scholars enrolled

4,8883,1768,064

Colleges attended

212123335

private institutions

public institutions

20* University of Pittsburgh (3) 1 University of Puget Sound 7* University of Richmond (6) 30* University of Rochester (24) 6* University of St. Thomas (Minnesota) (6) 7* University of the South (4) 41* University of South Carolina- Columbia (34) 1 University of South Dakota 22* University of South Florida (20) 263* University of Southern California (228) 9* University of Southern Mississippi (8) 20* University of Tennessee, Knoxville (17) University of Texas at 57 Austin 1 Arlington 63* Dallas (56) 1 Pan American 48* University of Tulsa (41) 21* University of Utah (14) 7* University of Vermont (3) 31 University of Virginia 13 University of Washington University of Wisconsin- 20* Madison (5) 4* Eau Claire (4) 1 La Crosse 3* University of Wyoming (3) 2* Ursinus College (2) 2* Valparaiso University (2) 187* Vanderbilt University (137) 6 Vassar College 6* Villanova University (6) 15* Virginia Polytechnic Institute and State University (14) 1* Wabash College (1) 1 Wake Forest University

1 Walla Walla University 13* Washington and Lee University (5) 4* Washington State University (2) 206* Washington University in St. Louis (142) 8* Wayne State University (Michigan) (7) 5 Wellesley College 1 Wesleyan University (Connecticut) 16* West Virginia University (12) 1 Western Illinois University 2 Western Kentucky University 1 Western Michigan University 4* Western Washington University (3) 3* Westminster College (Utah) (3) 4* Westmont College (4) 25* Wheaton College (Illinois) (22) 16* Whitman College (16) 1* Whitworth University (1) 5* Wichita State University (3) 3* Willamette University (2) 39 Williams College 1 Wisconsin Lutheran College 3* Wofford College (2) 19* Worcester Polytechnic Institute (17) 3* Xavier University (Ohio) (3) 206 Yale University 1 Yeshiva University

The University of Central Florida is proud to be a sponsor of the National Merit Scholarship Program. The talented students who be-come National Merit Finalists and who choose to attend UCF are among the best and brightest students in the nation. We often hear from our Scholars that a college education would not have been possible were it not for the support provided by NMSC and UCF. We are thankful for our association with NMSC and the wonderful opportunities that the scholarship support provides to so many deserving young people.

Gordon D. Chavis, Jr., J.D., Associate Vice President, University of Central Florida

“Merit

ScholarsMerit

ScholarsMerit

Scholars

Allegiance and Support

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1 Albany State University 2 American University 3 Amherst College 1 Andrews University (Michigan) 1 Appalachian State University 2 Arizona State University 1 Barnard College 1 Baylor University 2 Belmont University 1 Berklee College of Music 1 Bethel College (Kansas) 1 Biola University 5 Boston University 2 Brigham Young University 1 Brooklyn College of the City University of New York 22 Brown University 2 California Institute of Technology 2 Calvin College 1 Carleton College 5 Carnegie Mellon University 1 Case Western Reserve University 1 Cedarville University 1 Claremont McKenna College 1 Clemson University 1 College of Charleston 1 College of New Jersey 6 College of William and Mary 1 College of Wooster 1 Colorado School of Mines 1 Columbia College Chicago 37 Columbia University 12 Cornell University (New York) 3 Dartmouth College 23 Duke University 1 Earlham College 1 Elon University 10 Emory University 1 Florida A&M University 1 Florida International University 3 Florida State University 1 Fordham University 1 Franciscan University of Steubenville 3 George Washington University 3 Georgetown University 8 Georgia Institute of Technology 1 Georgia State University

1 Goucher College 1 Grand Valley State University 4 Hampton University 54 Harvard College 1 Harvey Mudd College 1 Hendrix College 1 Hope College 8 Howard University 1 Hunter College of the City University of New York 6 Indiana University Bloomington 1 Iowa State University 6 Johns Hopkins University 1 La Sierra University Louisiana State University at 1 Baton Rouge 1 Shreveport 1 Loyola University New Orleans 1 Macalester College 1 Marymount Manhattan College 31 Massachusetts Institute of Technology 1 Michigan State University 1 MidAmerica Nazarene University 1 Middlebury College 1 Mills College 1 Millsaps College 1 Mississippi State University 1 Moody Bible Institute 1 Morehouse College 2 Mount Holyoke College 12 New York University 2 North Carolina Agricultural and Technical State University 6 North Carolina State University 2 Northeastern University (Massachusetts) 4 Northwestern University 1 Oberlin College 5 Ohio State University-Columbus 1 Ohio University-Athens 2 Oklahoma State University 2 Pomona College 35 Princeton University 1 Purdue University 1 Rensselaer Polytechnic Institute 15 Rice University 1 Rochester Institute of Technology 1 St. John’s University (New York) 1 Shawnee State University (Ohio)

1 South Carolina State University 1 Southern Arkansas University 1 Southern Methodist University 6 Spelman College 47 Stanford University 5 Swarthmore College 1 Syracuse University 1 Texas A&M University 2 Tufts University 3 Tulane University University of Alabama, 20 Tuscaloosa 1 Birmingham 1 Huntsville 4 University of Arizona 1 University of Arkansas, Fayetteville University of California, 2 Berkeley 1 Los Angeles 1 San Diego 2 Santa Barbara 1 University of Central Florida 13 University of Chicago 1 University of Cincinnati 1 University of Delaware 11 University of Florida 5 University of Georgia 3 University of Houston- University Park 6 University of Illinois at Urbana-Champaign 1 University of Kentucky 2 University of Louisville University of Maryland, 5 College Park 2 Baltimore County 8 University of Miami 7 University of Michigan 1 University of Mississippi 1 University of New Mexico 11 University of North Carolina at Chapel Hill 6 University of Notre Dame 2 University of Oklahoma 36 University of Pennsylvania 7 University of Pittsburgh 4 University of Richmond 1 University of Rochester 1 University of South Alabama

Achievement Scholars

Achievement Scholars

Achievement Scholars

Colleges and universities enrolling the 2012 entering class of Achievement Scholar® awardees

National Merit Scholarship Corporation

5 University of South Carolina- Columbia 3 University of South Florida 7 University of Southern California 1 University of Tennessee, Knoxville University of Texas at 6 Austin 1 Dallas 1 University of the Virgin Islands 1 University of Tulsa 4 University of Virginia 1 University of West Florida University of Wisconsin- 1 Madison 1 Stevens Point 20 Vanderbilt University 2 Vassar College 1 Villanova University 1 Virginia Commonwealth University 2 Virginia Polytechnic Institute and State University 3 Wake Forest University 28 Washington University in St. Louis 3 Wellesley College 3 Wesleyan University (Connecticut) 1 West Chester University of Pennsylvania 3 Wheaton College (Illinois) 5 Williams College 1 Xavier University (Ohio) 1 Xavier University of Louisiana 43 Yale University

Achievement Scholars

Scholars enrolled

599192791

Colleges attended

90 72 162

private institutions

public institutions

Colleges and universities enrolling the 2012 entering class of Achievement Scholar® awardees (continued)

%85 percent of Scholars reported a GPA of A- or above upon graduation.

%88 percent of Scholars grad uated from college with some form of honors (summa, magna, or cum laude). 40% graduated summa cum laude (with highest honors).

65 percent reported receiving academic honors, awards, or fellowships/scholarships in addition to their awards from National Merit Scholarship Corpo-ration. Examples include a Marshall Scholarship or Fulbright Fellowship.

%

%86 percent of students surveyed reported that they had partici pated in one or more extracurricular activities, in-cluding athletics, community service/tutoring, teaching/research, serving as an officer of an organization, or pub-lishing papers/research articles.

interesting facts about the merit and Achievement Scholars graduating from college in 2012

Top Post Graduate Plans:

Graduate school - 25% Education career - 6%Business career - 12% Engineering career - 6%Medical school - 11% Law school - 4%

To the Board of Directors National Merit Scholarship CorporationEvanston, Illinois

We have audited the accompanying statements of fi nancial position of National Merit Scholar-ship Corporation (nmsc) as of May 31, 2012 and 2011 and the related statements of activities and cash fl ows for the years then ended. These fi nancial statements are the responsibility of nmsc’s management. Our responsibility is to express an opinion on these fi nancial 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 reason-able assurance about whether the fi nancial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the fi nancial statements. An audit also includes assessing the accounting principles used and signifi cant estimates made by management, as well as evaluating the overall fi nancial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the fi nancial statements referred to above present fairly, in all material respects, the fi nancial position of National Merit Scholarship Corporation as of May 31, 2012 and 2011, and the changes in its net assets and its cash fl ows for the years then ended in conformity with accounting principles generally accepted in the United States of America.

McGladrey LLP

Chicago, Illinois August 6, 2012

FInAncIAL REPORTJune 1, 2011–May 31, 2012

43

44

See Notes to Financial Statements.

Assets 2012 2011Cash and cash equivalents $ 395,621 $ 855,182

Investments, at fair value Money market funds 2,892,628 6,915,375

Common and preferred stocks (cost: 2012, $13,995,230; 2011, $13,887,429) 14,610,221 16,481,572

Mutual funds (cost: 2012, $112,777,529; 2011, $117,409,433) 125,624,681 136,734,298

143,127,530 160,131,245

Other assets Accrued interest and dividend income receivable 55,048 69,376

Other receivables and prepaid expenses 920,905 707,771

Software, equipment, furniture and leasehold improvements 5,545,899 2,582,744

6,521,852 3,359,891$ 150,045,003 $ 164,346,318

Liabilities and Net Assets

Liabilities Sponsor grants received in advance $ 1,751,065 $ 1,950,715

Accounts payable and accrued expenses 2,030,467 1,006,811

Payable to brokers and banks 78,476 19,765

3,860,008 2,977,291

Net assets Unrestricted National Merit Program 129,064,735 140,647,833

National Achievement Program 13,487,401 16,699,088

142,552,136 157,346,921

Temporarily restricted National Merit Program 436,164 740,007

National Achievement Program 135,679 221,083

571,843 961,090

Permanently restricted National Merit Program 2,421,016 2,421,016

National Achievement Program 640,000 640,0003,061,016 3,061,016

146,184,995 161,369,027$ 150,045,003 $ 164,346,318

STATEMENTS OF FINANCIAL POSITION May 31, 2012 and 2011

45

See Notes to Financial Statements.

Unrestricted 2012 2011 Revenue: Merit Achievement Total Total Sponsor grants and donor contributions $ 40,201,501 $ 493,474 $ 40,694,975 $ 42,126,370

Investment income, net 1,486,720 158,057 1,644,777 1,687,542

Test fee revenue 2,160,208 522,280 2,682,488 2,692,553

Operational contributions 4,305,938 1,076,485 5,382,423 974,974

Other 9,416 212 9,628 3,327

Net assets released from restriction 132,084 36,421 168,505 157,024

48,295,867 2,286,929 50,582,796 47,641,790

Expenses: Sponsor scholarship expense 39,477,575 458,484 39,936,059 40,557,202

nmsc scholarship expense 5,962,500 1,925,792 7,888,292 7,849,460

Contribution expense 2,160,208 522,280 2,682,488 2,692,553

Operating expenses 8,902,988 1,986,842 10,889,830 5,192,649

56,503,271 4,893,398 61,396,669 56,291,864

Net realized and unrealized gain (loss) on investments (3,375,694) (605,218) (3,980,912) 23,778,368

Change in unrestricted net assets (11,583,098) (3,211,687) (14,794,785) 15,128,294

Temporarily restricted Investment loss, net (4,537) (1,563) (6,100) (4,703)

Net realized and unrealized gain (loss) on investments (167,222) (47,420) (214,642) 737,176

Net assets released from restriction (132,084) (36,421) (168,505) (157,024)

Change in temporarily restricted net assets (303,843) (85,404) (389,247) 575,449

Increase (decrease) in net assets (11,886,941) (3,297,091) (15,184,032) 15,703,743

Net assets Beginning of year 143,808,856 17,560,171 161,369,027 145,665,284

End of year $ 131,921,915 $ 14,263,080 $146,184,995 $ 161,369,027

STATEMENTS OF ACTIVITIES years ended May 31, 2012 and 2011

46

NOTES TO FINANCIAL STATEMENTS

Note 1. Nature of Activities and Signifi cant Accounting PoliciesNational Merit Scholarship Corporation (nmsc) is an Illinois not-for-profi t corporation. nmsc executes agreements with some 450 corpora-tions, 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 fi nancial statements have been prepared in conformity with accounting principles applicable to nonprofi t organizations, which require that net assets and related revenue, expenses, gains and losses be classifi ed 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 specifi c purposes. Temporarily restricted net assets are subject to donor-imposed restrictions which will be met either by nmsc’s actions or the passage of time. Temporarily restricted net assets are reclassifi ed 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 nmsc’s scholarship programs.

The preparation of fi nancial 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 fi nancial statements and accompanying notes. Actual results could differ from those estimates.

The carrying amounts of fi nancial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximates fair value due to the short maturity of these instruments.

STATEMENTS OF CASH FLOWS years ended May 31, 2012 and 2011

Cash Flows from Operating Activities 2012 2011 Change in net assets $ (15,184,032) $ 15,703,743

Unrealized (gain) loss on investments 8,456,866 (16,497,188)

Realized gain on investments (4,261,312) (8,018,356)

Depreciation and amortization 401,747 141,159

Changes in: Accrued interest and dividend income receivable 14,328 14,094

Other receivables and prepaid expenses (213,134) (641,337)

Sponsor grants received in advance (199,650) (100,233)

Accounts payable and accrued expenses 1,023,656 517,138

Payable to brokers and banks 58,711 4,427

Net cash used in operating activities (9,902,820) (8,876,553)

Cash Flows from Investing Activities Purchase of investments (83,184,887) (102,936,912)

Proceeds from sale of investments 95,993,048 113,639,343

Purchase of software, equipment, furniture and leasehold improvements (3,364,902) (1,592,630)

Net cash provided by investing activities 9,443,259 9,109,801

Increase (decrease) in cash and cash equivalents (459,561) 233,248

Cash and cash equivalents: Beginning of year 855,182 621,934

End of year $ 395,621 $ 855,182

See Notes to Financial Statements.

47

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, 2012 and 2011 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 signifi cant credit risk on cash.

Investments are refl ected at fair value based on quoted market prices for those or similar investments. 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.

nmsc’s 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 fi nancial position.

Investment income is refl ected net of related portfolio management fees of $257,731 and $320,719 for the years ended May 31, 2012 and 2011, respectively.

Software, equipment, furniture, 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 fi nancial 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 fi ve years and furniture is depreciated over 10 years.

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 payment are recorded as a liability under “sponsor grants received in advance.”

Donor contributions are recognized in the period received. Contributions received with donor-imposed restrictions are recorded as temporarily or permanently restricted revenue dependent on the nature of the restriction.

Pursuant to an agreement with the College Board, nmsc is entitled to receive a percentage of the annual testing fees the College Board collects from the Preliminary sat/National Merit Scholarship Qualifying Test (psat/nmsqt). For fi scal years 2012 and 2011, nmsc chose to waive receipt of these fees, and has effectively donated them back to the College Board as an investment in the exam’s quality and validity, and ensuring the cost per exam is kept to a minimum. These fees are refl ected on the statements of activities as equivalent amounts of test fee revenue and contribution expense. In fi scal years 2012 and 2011, nmsc recorded contribution revenue of $5,382,423 and $974,974, respectively, from the College Board to support a signifi cant software and systems renovation, as well as certain ongoing operational services.

nmsc is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefi ts claimed or expected to be claimed on a tax return should be recorded in the fi nancial statements. Under this guidance, nmsc may recognize the tax benefi t 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. The tax benefi ts recognized in the fi nancial statements from such a position are measured based on the largest benefi t 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, classifi cation, interest and penalties on income taxes, and accounting in interim periods.

Management evaluated nmsc’s tax positions for all open tax years and has concluded that nmsc had taken no uncertain tax positions that require adjustment to the fi nancial statements. Generally, nmsc is no longer subject to income tax examinations by the U.S. federal, state, or local tax authorities for years before 2009, which is the standard statute of limitations look-back period.

nmsc has evaluated subsequent events for potential recognition and/or disclosure through August 6, 2012, the date the fi nancial statements were available to be issued.

Note 2. Endowment Net AssetsEndowment 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 fi xed 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.

Interpretation of Relevant Law — nmsc’s management has interpreted the Illinois Uniform Prudent Management of Institutional Funds Act (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 classifi ed as permanently restricted net assets

48

NOTES TO FINANCIAL STATEMENTS (continued)

(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 classifi ed in permanently restricted net assets is classifi ed as temporarily restricted net assets until those amounts are appropriated for expenditure by management in a manner consistent with the standard of prudence prescribed by upmifa. Board-designated endowment funds represent the unspent endow-ment earnings accumulated prior to nmsc’s adoption of upmifa.

In accordance with upmifa, nmsc considers the following factors in making a determination to appropriate or accumulate earnings on donor-restricted 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 infl ation and defl ation; (5) The expected total return from income and the appreciation of investments; and (6) The investment policy of nmsc’s endowment fund.

nmsc’s endowment net asset composition at May 31, 2012 and 2011 is as follows:

2012 2011

UnrestrictedTemporarily Restricted

Permanently Restricted Total

Endowment Total

Donor-restricted funds $ - $ 571,843 $ 3,061,016 $ 3,632,859 $ 4,002,106

Board-designated funds 370,287 - - 370,287 370,287$ 370,287 $ 571,843 $ 3,061,016 $ 4,003,146 $ 4,392,393

Endowment net assets are comprised of the following amounts related to the National Merit Program and National Achievement Program at May 31, 2012 and 2011:

2012 2011 National Merit Program $ 3,129,395 $ 3,433,238

National Achievement Program 873,751 959,155$ 4,003,146 $ 4,392,393

Changes in endowment assets for the years ended May 31, 2012 and 2011 were as follows:

2012

Unrestricted Temporarily Restricted

Permanently Restricted Total 2011

Balance, beginning of year $ 370,287 $ 961,090 $ 3,061,016 $ 4,392,393 $ 3,816,944

Investment loss, net - (6,100) - (6,100) (4,703)

Net realized and unrealized gain (loss) on investments - (214,642) - (214,642) 737,176

Endowment net assets appropriated for expenditure - (168,505) - (168,505) (157,024)

Balance, end of year $ 370,287 $ 571,843 $ 3,061,016 $ 4,003,146 $ 4,392,393

Return Objectives and Risk Parameters – nmsc has adopted endowment investment and spending policies that attempt to provide a predict-able 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 al-location for the endowment fund’s total investment portfolio. This determination is based upon a study of the actual rates of return achieved by various asset classes, both separately and in various combinations, over periods in the past. Based on the analysis, nmsc has evaluated

49

Spending Policy – nmsc has a policy of appropriating expenditures from the endowment fund each year.

Note 3. Fundraising CostsTotal fundraising costs incurred by nmsc were $1,810,091 and $790,393 for the years ended May 31, 2012 and 2011, respectively. Such costs are refl ected in National Merit Program and National Achievement Program operating expenses in the statements of activities.

Note 4. Total nmsc ExpensesTotal nmsc expenses incurred for the years ended May 31, 2012 and 2011 were allocated as follows:

2012Program Services Management

and General Fundraising TotalMerit Achievement Scholarship expense $ 45,440,075 $ 2,384,276 $ - $ - $ 47,824,351 Contribution expense 2,160,208 522,280 - - 2,682,488 Compensation and employee benefi ts 1,645,843 194,012 545,202 348,896 2,733,953 Printing, general offi ce, and depreciation 427,946 105,313 102,072 143,983 779,314 Professional services 3,961,571 670,558 892,008 1,226,900 6,751,037 Rent, maintenance, and amortization of leasehold improvements 224,115 67,234 80,681 76,199 448,229 Advisory council and selection committees 53,357 19,837 - - 73,194 Directors’ meetings and employees’ travel 55,272 12,976 21,742 14,113 104,103

$ 53,968,387 $ 3,976,486 $ 1,641,705 $ 1,810,091 $ 61,396,669

2011Program Services Management

and General Fundraising TotalMerit Achievement Scholarship expense $ 45,922,702 $ 2,483,960 $ - $ - $ 48,406,662 Contribution expense 2,194,431 498,122 - - 2,692,553 Compensation and employee benefi ts 1,585,038 318,180 557,896 393,304 2,854,418 Printing, general offi ce, and depreciation 331,880 74,363 62,456 114,224 582,923 Professional services 697,354 122,412 232,212 213,703 1,265,681 Rent, maintenance, and amortization of leasehold improvements 187,054 56,116 67,339 63,598 374,107 Advisory council and selection committees 56,256 20,308 - - 76,564 Directors’ meetings and employees’ travel 19,894 5,149 8,349 5,564 38,956

$ 50,994,609 $ 3,578,610 $ 928,252 $ 790,393 $ 56,291,864

Equity 65% 62–68%

Fixed income 35% 30–40%

NormalAllocationAsset Class

Allowable Range

Note 5. Investment Gains and LossesNet realized and unrealized gains and losses for the years ended May 31, 2012 and 2011 consisted of the following:

2012 2011 Merit Achievement Total Total

Net unrealized gain at end of year $ 12,041,307 $ 1,420,836 $ 13,462,143 $ 21,919,009 Net unrealized gain at beginning of year 19,418,040 2,500,969 21,919,009 5,421,821 Net unrealized gain (loss) for the year (7,376,733) (1,080,133) (8,456,866) 16,497,188 Net realized gain for the year 3,833,817 427,495 4,261,312 8,018,356 Net realized and unrealized gain on $ (3,542,916) $ (652,638) $ (4,195,554) $ 24,515,544

investments for the year

the probabilities of achieving acceptable rates of return and defi ned 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:

50

NOTES TO FINANCIAL STATEMENTS (continued)

Note 6. Fair Value DisclosuresInvestments are presented in the fi nancial 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 defi nes 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 defi ned 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 signifi cant management judgment or estimation.

nmsc assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer. For the years ended May 31, 2012 and 2011, there were no such transfers.

For the years ended May 31, 2012 and 2011, the application of valuation techniques applied to similar assets and liabilities has been consistent.

The following table summarizes nmsc’s investments accounted for at fair value. The fair values of such investments as defi ned by the fair value hierarchy at May 31, 2012 and 2011 consisted of the following:

Common and preferred stocks 2012 Total Level 1 Level 2 Large-cap $ 13,104,374 $ 13,104,374 $ - Mid-cap 1,505,847 1,505,847 - Mutual funds U.S. Stock Funds 31,474,670 11,701,541 19,773,129 Global Stock Funds 43,634,186 39,795,405 3,838,781 Fixed Income Funds 50,515,825 26,236,337 24,279,488 Money market funds 2,892,628 2,892,628 -

$ 143,127,530 $ 95,236,132 $ 47,891,398

Common and preferred stocks 2011 Total Level 1 Level 2 Large-cap $ 14,674,504 $ 14,674,504 $ - Mid-cap 1,807,068 1,807,068 - Mutual funds U.S. Stock Funds 35,373,357 11,372,197 24,001,160 Global Stock Funds 48,071,911 43,846,470 4,225,441 Fixed Income Funds 53,289,030 26,156,192 27,132,838 Money market funds 6,915,375 6,915,375 -

$ 160,131,245 $ 104,771,806 $ 55,359,439

Quoted Prices in Active Markets for

Identical AssetsSignifi cant Other Observable Inputs

Quoted Prices in Active Markets for

Identical AssetsSignifi cant Other Observable Inputs

Note 8. Commitments for Future Scholarship PaymentsThe obligation for future payments to scholarship recipients presently in college and those appointed and entering college in the fall of 2012 is estimated to be $110,100,000; this includes the National Merit Program, $106,600,000, and the National Achievement Program, $3,500,000. 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 $8,500,000; this includes the National Merit Program, $6,100,000, and the National Achievement Program, $2,400,000.

Note 9. Lease Commitmentsnmsc has a noncancelable lease for offi ce space expiring September 30, 2019. Rent expense for the years ended May 31, 2012 and 2011 was $407,345 and $346,332, respectively. Minimum rental commitments for each of the fi ve succeeding fi scal years are as follows: $415,996 for 2013; $424,493 for 2014; $432,991 for 2015; $441,502 for 2016; and $450,019 for 2017. Commitments for years after 2017 total $940,714. Future rentals may be adjusted for increases in certain taxes and operating expenses incurred by the lessor.

Note 10. Employee Benefi t Plannmsc maintains a defi ned contribution 403(b) Retirement Plan for its eligible employees who have completed at least one year of service. The total contributed by nmsc was $262,079 and $265,529 for the years ended May 31, 2012 and 2011, respectively. At the employee’s election, each contribution is made as a premium on an annuity contract or a contribution to a mutual fund custodial account.

Note 7. Property and EquipmentProperty and equipment for the years ended May 31, 2012 and 2011 consisted of the following:

2012 2011 Software $ 5,856,876 $ 2,546,885 Equipment 163,353 151,227 Furniture & Fixtures 125,915 125,915 Leasehold improvements 448,098 405,313

6,594,242 3,229,340 Accumulated depreciation and amortization (1,048,343) (646,596)

$ 5,545,899 $ 2,582,744

The provisions for depreciation and amortization amounted to $401,747 and $141,159 for the years ended May 31, 2012 and 2011, respectively.

51

2011–12 Annual Report52

The National Merit SAIC Scholarship Program recognizes the exceptional sons and daughters of SAIC employees. For 26 years our scholarships have helped accelerate the students, the institutions of higher learning, and the solutions driven by science, technology, engineering and mathematics.

Douglas Koelemay, Vice President, Community Relations Science Applications International Corporation

“ “

The Scripps Howard Foundation is proud to sponsor undergraduate scholarships through the National Merit Scholarship Program. We can’t think of a better way to reward and encourage scholastic achievement than to iden-tify, honor and financially assist the sons and daughters of Scripps employees.

Mike Philipps, President and CEO Scripps Howard Foundation

The RR Donnelley Foundation believes education is critical to the continued success of our nation. We partner with National Merit Scholarship Corporation, as their goal to identify and promote academically talented high school students aligns well with the values of our company in supporting youth and education.

Thomas M. Carroll, Executive Vice President, Chief Human Resource Officer, RR Donnelley Foundation President

“ “

We are proud to recognize the achieve-ments of our associates’ children through the National Merit Macy’s, Inc. Schol-arship Program and are proud to be af-filiated with a respected and prestigious organization such as NMSC. The scholar-ship program also helps us reinforce our support of education, which is one of the company’s focus areas for philanthropy.

Sharon Bateman, Vice President of Corporate Giving, Macy’s, Inc.

AmerisourceBergen is committed to fur-thering education. The National Merit Scholarship Program recognizes and en-courages academically talented students, which helps reinforce this commitment to our associates and their families.

Donna Dasher, Vice President – Compensation, Benefits and Payroll

AmerisourceBergen Corporation

“ “

AMY E. BELSTRACollege CounselorLibertyville High SchoolLibertyville, Illinois

BARBARA B. BERGMANDirector of College CounselingGeorgetown Day SchoolWashington, District of Columbia

ROBERT CELEBREZZEPrincipalMoscow High SchoolMoscow, Idaho

MARK C. DZIATCZAKPrincipalTroy High SchoolTroy, Michigan

ALAN L. FIELDSPrincipalKenai Central High SchoolKenai, Alaska

M. TIMOTHY GOTTDirectorThe Gatton Academy of Mathematics andScience in KentuckyBowling Green, Kentucky

MATTHEW P. HORVATHigh School PrincipalThe University of Chicago Laboratory SchoolsChicago, Illinois

ANNE G. JOHNS Director of GuidanceSolon High School Solon, Ohio

DONALD J. KAVANAGH PrincipalLa Salle AcademyProvidence, Rhode Island

KEVIN C. LILLEY Senior CounselorGeorge Washington High SchoolCharleston, West Virginia

GLENN MILEWSKIExecutive Director, psat/nmsqt Program The College BoardNew York, New York

KATHERINE C. PELTZ Director of College CounselingConcord Academy Concord, Massachusetts

LOREN J. RATHERTPrincipalCatalina Foothills High SchoolTucson, Arizona

LINDA A. RAWLINGSPrincipalWestlake High SchoolAustin, Texas

Merit

MYRON ARAKAWADirector of College CounselingPunahou SchoolHonolulu, Hawaii

WALTER A. BLAKESenior Associate Director of Admissions Wabash College

WENDY M. BOATMANCounselorNicholas Senn High SchoolChicago, Illinois

GARY CLARKAssistant DeanOffice of AdmissionUniversity of Southern California

TONI CORRYDirector of Guidance and CounselingBarrington High SchoolBarrington, Rhode Island

CLINTON EVERHARTAssociate Director of Admissions The University of Kansas

MARY E. MASLARDirector of College CounselingCharter School of WilmingtonWilmington, Delaware

NANCY HARGRAVE MEISLAHNDean of Admission and Financial Aid Wesleyan University

W. CRAIG PARTRIDGEDirector of College CounselingThe Adelson Educational CampusLas Vegas, Nevada

CHARLENE RENCHERDean of College CounselingCranbrook Kingswood Upper SchoolBloomfield Hills, Michigan

WAYNE SIGLERDirector of AdmissionsUniversity of Minnesota-Twin Cities

KEITH SOUTHERGILLDirector of AdmissionsBarrett, The Honors CollegeArizona State University

MARY K. SPIEGELExecutive Director of Enrollment ServicesUniversity of Alabama

JULIE STAYNERDirector of College CounselingJackson Hole High SchoolJackson, Wyoming

Achievement

ANTHONY M. BROOKSDirector of Undergraduate AdmissionsNorth Carolina Central University

JULIE K. ENDERSBESchool CounselorRosemount High SchoolRosemount, Minnesota

RHOAN D. GARNETTFormer Assistant Dean of AdmissionsBowdoin College

MICHELLE G. KLEVE Counselor, Department Coordinator Smoky Hill High School Aurora, Colorado

ALLENE P. NIEMIEC Associate Director of College Guidance Saint Andrew’s School Boca Raton, Florida

WILLIAM L. PIERCEDirector of BBA AdmissionsStephen M. Ross School of BusinessUniversity of Michigan

LOUIS E. QUINN, JR.School CounselorGreenwich High SchoolGreenwich, Connecticut

MELVIN R. TARDY, JR.Assistant Professional Specialist, First Year of StudiesUniversity of Notre Dame

SELECTION COMMITTEES: National Scholarships in 2012

© 2012 National Merit Scholarship Corporation. All rights reserved. Printed in U.S.A.

ADVISORY COUNCIL: 2011–12

NMSC Mission Statement

The mission of National Merit Scholarship Corporation (NMSC) is to recognize and honor the academically talented students of the United States. NMSC accomplishes its mission by conducting nationwide academic scholarship programs. The enduring goals of NMSC’s scholarship programs are:

• To promote a wider and deeper respect for learning in general and for exceptionally talented individuals in particular

• To shine a spotlight on brilliant students and encourage the pursuit of academic excellence at all levels of education

• To stimulate increased support from organizations that wish to sponsor scholarships for outstanding scholastic talent

NMSC Lamp of Learning Logo

NMSC’s “Lamp of Learning” logo is modeled after an oil-burning lamp----a classic symbolofknowledgeandwisdom.Educationfuelstheflamethatburnsfromthe lamp, which is shown resting on a base that represents the Book of Knowledge. The logo is symbolic of the enduring goals of NMSC’s scholarship programs.

National Merit Scholarship Corporation1560 Sherman Avenue, Suite 200

Evanston, IL 60201-4897(847) 866-5100

www.nationalmerit.org

®