 Tuition Reimbursement

TUITION REIMBURSEMENT

For degree programs at a fully-accredited institution of higher education, our policy provides reimbursement for tuition expenses for all staff. Costs for books, registration, activity/laboratory/special fees, entrance tests or class materials are not covered.

The foundation will reimburse 100% of tuition costs for coursework toward an initial bachelor’s degree and 50% for coursework towards any master’s or doctoral degree:

 Approval is required in advance of starting any coursework  Reimbursement requires documentation of successful completion/passing grade  Staff member must be an employee in good standing at the time reimbursement is approved  Annual maximum reimbursement per employee: $5,250

Staff should complete the Request for Approval of Degree Program form available here on the intranet and submit with the manager’s signature to human resources.

To request reimbursement for courses taken and successfully completed with a passing grade, a staff member should complete the tuition reimbursement form available here on the intranet and submit it to human resources.

Staff members are encouraged to consult with their personal tax advisor regarding the tax treatment of policy payments made under this policy.

This policy statement is not a contract of employment. The Wallace Foundation reserves the right to change or revoke this policy statement at any time without notice.

Tuition Reimbursement January 2021