Westlawn Institute of Marine Technology

Contact: John Adey at ABYC Contact: Dave Gerr at Westlawn

(410) 990-4460, x117 207-853-6600, x50

Westlawn Receives the Third-Year Donation of its Most Substantial

Grant and Scholarship Program Ever!

The Kathy & Jerry Wood Foundation Provide Generous Financial Support

June 27, 2012, Annapolis, MD and Eastport, ME: The Westlawn Institute of Marine Technology is pleased to announce that we have received the third-year’s donation for the most substantial grant and scholarship program the school has ever offered! For qualifying U.S. students, tuition will be effectively reduced to levels last seen since the early 1980s! All funds donated by the Wood Foundation for 2010 were expended in scholarships and grants for students before the end of that year under the terms of the donation. We’re looking forward to assisting more students again in 2012.

This program has been made possible through the generous support of the Kathy & Jerry Wood Foundation, which has awarded an extended grant of $90,000, at $30,000 per year over a three year period (2010, 2011 and 2012), to provide tuition assistance for eligible Westlawn students. Scholarships will be awarded on an ongoing basis until the grant funds are expended for each of the three years.

Jerry Wood dedicated much of his life to the support of boating and education. In fact, he established the Annapolis Sailing School in 1959, which soon became the largest commercial sailing school in the United States. With the able assistance of his wife Kathy, they went on to create the first in-the-water all-sailboat show, which revolutionized boat shows and led Kathy and Jerry to create the United States Powerboat Show—also in Annapolis—two years later. Over the years, the Wood’s businesses have employed over 3,000 young people and young adults, helping to train and mentor them to prepare to move out into the world to become well-rounded mature individuals.

Westlawn’s parent company is The American Boat & Yacht Council (ABYC) based in Annapolis, MD. ABYC’s headquarters is within walking distance of the Annapolis Boat Show and is even closer to Kathy and Jerry’s former Annapolis home.

“The connections between Westlawn Institute, ABYC, and the history and goals of Kathy and Jerry Wood, are remarkable,” said Sallie Hamrick, President of the Kathy and Jerry Wood Foundation. “Not only are both organizations dedicated to boating and education, but also to enhancing boating safety and to encouraging our nation’s youth to pursue the enjoyment of boating and careers in the boating industry. We are particularly touched that Jerry and Kathy will continue to serve the boating community by helping students learn to design boats and yachts that will be joyfully used for generations to come.”

“Westlawn is extremely grateful to the Kathy and Jerry Wood Foundation,” noted Westlawn’s Director, Dave Gerr. “The scholarships awarded through the Wood Foundation grant will serve as a tremendous help to our students, and we are thrilled knowing that we’ll be continuing the tradition that Kathy and Jerry Wood established both assisting in education, while supporting recreational boating.”

“ABYC was instrumental in making the connections that resulted in the award of this grant,” continued Gerr. “It’s a perfect example of how important it is to be part of ABYC, and of the deep commitment that ABYC has to boating education and standards.”

For U.S. Citizens Only:

Under the terms of the funding, scholarships from the proceeds of the Kathy and Jerry Wood Foundation grant are restricted to U.S. citizens.

Grants for Newly Enrolling Students:

All students, who are U.S. citizens and who meet Westlawn admission requirements, will be eligible for a $1,500 grant toward their tuition in Module 1 in the full Yacht & Boat Design Program, or toward the tuition for the Elements of Technical Boat Design course.

Regular tuition for one module (U.S. students, 2012) is $2,950. Students enrolling with a $1,500 Wood Foundation grant may either pay the entire tuition balance of $1,450, or they may elect to enroll under the zero-interest monthly payment plan as follows:

$690 initial payment followed by 10 monthly payments of $76.00 per month

Scholarships for Academic Achievement

GPA of 90% or Higher

Scholarships will be awarded to current students, who are U.S. citizens, who are enrolling in the next module of study at Westlawn. Students with a GPA of 90% or higher will receive a $1,500 scholarship toward the tuition of their next module, upon enrollment in that module.

Regular tuition for one module (U.S. students, 2011) is $2,950. Students enrolling with a $1,500 Wood-Foundation academic scholarship may either pay the balance of $1,450, or they may elect to enroll under the zero-interest monthly payment plan as follows:

$690 initial payment followed by 10 monthly payments of $76.00 per month

Scholarships for Academic Achievement

GPA between 85% and 89%

Scholarships will be awarded to current students, who are U.S. citizens, who are enrolling in the next module of study at Westlawn. Students with a GPA between 85% and 89% will receive a $1,000 scholarship toward the tuition of their next module, upon enrollment in that module.

Students enrolling with a $1,000 Wood-Foundation academic scholarship may either pay the balance of $1,950, or they may elect to enroll under the zero-interest monthly payment plan as follows:

$690 initial payment followed by 10 monthly payments of $126.00 per month

All tuition payment amounts and terms will be adjusted to reflect any change in tuition applicable to new enrollments.

The scholarships granted for academic achievement with a GPA will be the “Wood Scholarships,” and the recipients will be known as “Wood Scholars.”

Scholarships and grants from funds donated by the Wood Foundation in 2012 may not be applied retroactively, and may only be awarded for enrollments that occur after June 22, 2012.

Students interested in taking advantage of the Wood-Foundation grants and scholarships should contact Patti Schulte, Westlawn student services coordinator at: pschulte@westlawn.edu or telephone: (207) 853-6600, ext. 41.

Founded in 1930, the Westlawn Institute of Marine Technology is the only nationally accredited distance-learning school of small-craft design in the United States. Westlawn is accredited by the Distance Education and Training Council, in Washington DC, and is listed as an accredited school by the U.S. Department of Education and by the Council for Higher Education Accreditation. As the not-for-profit educational affiliate of the American Boat and Yacht Council, the mission of the Westlawn Institute of Marine Technology is threefold:

· To provide our students with the skills and knowledge required to build a rewarding career in the profession of yacht and small-craft naval architecture.

· To support continued growth of the recreational and small-craft marine community through the development of well-trained, safety-oriented, boat designers developing better products for the benefit of the boating public.

· To provide continuing education to marine-industry professionals.

To learn more about Westlawn, please call (207) 853-6600 or visit the Westlawn website at: www.westlawn.edu.