Gamma Zeta has over $545,000 funded and $24,900 in annual awards. This represents the 2nd largest scholarship endowment fund of all ATO chapters. Over $130,000 in scholarships have been awarded to Gamma Zetas since these scholarships were created.
Scholarship applications are accepted in September each year and the scholarships are awarded in a ceremony at Homecoming in October for all except the Sinnock Scholarship which is announced and awarded each spring.
A scholarship committee of distinguished Gamma Zeta Alumni has been appointed by the Board of Trustees to select the winners of the scholarships each year. This includes:
- Dave Seiler ’77 – Managing Partner, Central IL for McGladrey (Committee Chair)
- Frank Voris ’87 – CEO of ViVaki
- Dr. Michael Terry ’94 – Orthopedic Surgeon at Northwestern and Head Team Physician for the Chicago Blackhawks
- Bill Forsyth ’83 – Partner and Founder, Fron9er Partners, Inc. (former Chief Illini)
- Patrick Jensen ’98 – Managing Director, Prairie Capital
Note that Dr. Terry, Bill Forsyth and Patrick Jensen were all ATO Thomas Arkle Clark Award winners, (top ATO undergrad in country).
| Scholarship | Fund | Award | Criteria |
| Matt Heldman | $90,000 | $4,100 | Athletic, Academic, Leadership, Extra Curricular |
| Frederick C. Philbrick | $79,000 | $3,700 | Academic, Leadership |
| Robert J. Simonds | $75,000 | $3,500 | Academic, Leadership |
| Robert J. Simonds | $30,000 | $1,300 | Leadershape |
| J.D. Sinnock | $95,000 | $3,900 | Sr. for Grad School |
| David S. Timson | $117,000 | $5,600 | Leadership, Business |
| Richard V. Clausing | $59,000 | $2,800 | Leadership, Finance/Accounting |
| Totals | $545,000 | $24,900 |
In addition:
John W. Ruettinger 1927 was the first chairman of the ATO Foundation Fund. He left a bequest to fund a National scholarship and his fund is used to fund a portion of our annual National Undergraduate Scholarship program.
Stephen Stoddard ’50 also left a bequest to the ATO Foundation which was placed in the 21st Century Fund. He was a generous annual contributor to the Foundation. His gift helps endow the operations of the Foundation so 100% of all future contributions will go directly to scholarships and educational programs.