SMART Bulletin

Feb. 14, 2024
The USBC Scholarship Management and Account Reporting for Tenpins (SMART) program is making an investment earnings allocation of $7 million to provide additional scholarships for youth bowlers in 2024. The $7 million allocation is consistent with funding provided in 2022 and 2023. This allocation matches the largest investment earnings allocation in SMART history. In addition to the earnings allocation, SMART is allocating an additional $1 million to the SMART Pell Grant Match program.

Read the full press release here.

Oct. 17, 2023
The USBC SMART program has approved policy adjustments for 2024 to give SMART Providers more time to use SMART deposited unassigned funds and allow for additional funding to the SMART Pell Grant Match program.

Read the full press release here.

Sept. 13, 2023
The SMART program is making an additional investment earnings allocation of up to $1 million in 2023 to provide scholarship opportunities for young bowlers in support of the SMART Pell Grant Match.

Read the full press release here.

Feb. 14, 2023
The SMART program is making an investment earnings allocation of $7 million to provide additional scholarships for youth bowlers. The $7 million allocation is the largest investment earnings allocation in SMART history and will be designated as Unassigned funds for Providers to use for scholarships.

In addition to announcing the $7 million allocation for SMART Provider use, the USBC SMART Committee is proposing a series of policy changes designed to increase scholarship benefits for SMART Recipients. No policy changes are final, and all proposals will have a comment period until June 30.

The proposed policy revisions include the portion of future investment gains and expired scholarships to SMART Recipient accounts, adding bonus scholarships for those actively using SMART funds and creation of a new SMART Recipient grant program.

Proposed policy revisions for SMART Providers include requiring Providers use Unassigned funds received from SMART within two years.

Read the full press release here.