Frequently Asked Questions
All entries become the property of The Dale Earnhardt Foundation and will not be
automatically re-entered for consideration again. However, you may re-submit your entry for consideration again. A new entry form and other materials must be submitted for each year you enter the competition.
Each winner will receive a $7,000 grant, in one of the following ways, depending on their age, educational needs or type of organization.
| • If the winner is a minor (under the age of 18), hey can choose to have their cash award held in a special scholarship escrow account until they enter a secondary school of their choice. If the parent or legal guardian of the winner chooses to take the cash award before the winner turns 18, the cash award will be issued along with an IRS Form 1099 and must be reported as taxable income. • If the winner is 18 or over and enrolled into an approved secondary school, college or university, the cash award may be paid directly to school in support of the winner’s tuition. • If the winner is a non-profit 501(c)(3) organization, the cash award will be in the form of a one-time only grant in direct support of the problem and/or solution outlined in their application. |
Yes. However, there are a few stipulations. The cash award may be used by another person in your immediate family who is pursuing a secondary education. “Immediate family” in this case consists of parents, siblings, children or grandchildren. You may also elect to use the cash award as a grant to assist with implementing the solution in your winning entry. If you choose this option, the cash award will be given, along with an IRS Form 1099 and you will have to report the award as taxable income.
No. We want the cash award to support your efforts to continue your education, no matter what your chosen field of endeavor or school may be. However, before the cash award is given, we must have proof that you are enrolled as a student in good standing or are accepted into the secondary school of your choice. In addition to traditional four year colleges and universities, other schools such as accredited junior colleges, community colleges, technical schools, vocational schools (cosmetology, chiropractic, etc.) or specialty schools (art, music, design, etc.) are eligible.
All winners will be notified my mail and/or telephone no later than March 1st of each year. The Legend Leadership Award trophy and cash award will be presented by Teresa Earnhardt to the winner on April 29th of each year as one of the highlights of “Dale Earnhardt Day,” held annually at the corporate offices of Dale Earnhardt, Inc. in Mooresville, North Carolina (just north of Charlotte). If a winner cannot be present, their name will be announced and the trophy, along with the cash award, will be sent to them. Additionally, award winners will also have their name prominently dislpayed in the public showrooms of DEI for the next year.