Funding for Unpaid Summer Internships

The Summer 2017 Unpaid Internship Fund application process will begin on March 15, 2017

With the help of generous donors, the Cohen Career Center is able to offer several sources of funding for internship opportunities. Details about each fund are outlined below. Please direct any questions about the various funds to Sean Schofield, Assistant Director.

  
Available funding managed by the Cohen Career Center:
Steve Banker Fund for Real Estate Internships
Olympia and Adam Trumbower Fund for International Development/Philanthropy Internships
Cohen Career Center Internship Fund
Additional sources for funding offered by other campus offices:

The W&M Charles Center funding for internships and research
The W&M Office of Community Engagement and Scholarship Grants

  
Policies for all internship funding managed by the Cohen Career Center:
Student Eligibility
Internship & Employer Eligibility
Special Considerations for International Internship Opportunities
Selection Criteria
Basis for Disqualification
Selection Committee
Disbursement of Awards
Inclusion in Publicity Materials & Donor Events
Post-Internship Expectations
Additional Funding
Tax Implications
    
Help Support Internships

Internships benefit William and Mary students in many ways, yet the cost of an unpaid internship can make it prohibitive for a student to pursue these opportunities. The Cohen Career Center is grateful to the parents, alumni, and other donors who have made these funds possible. If you are interested in helping enable our students to pursue internships, please consider donating to our fund. We welcome contributions from alumni, parents, students, and friends. Donations to the Cohen Career Center Internship Fund can be made online. Select “Other” in the designations box and then type in “Cohen Career Center Internship Fund (3768)” in the comments box.  Your generous contribution will allow students to pursue meaningful and interesting opportunities that might not otherwise be possible for them!



Steve Banker Fund for Real Estate Internships  
Application Deadline: April 15, 2016, no later than 2:59 PM. Please note: no applications will be accepted after the deadline!
 

Direct Link to the TribeCareers Posting

Steve Banker '78 has graciously provided funding for a student interested in Real Estate, Real Estate Development, Real Estate Finance or a similar discipline. The award is $5,000. Read about the experiences of the 2013 recipient and the 2014 recipient.

To be eligible, applicants must be returning to the college after the completion of the internship, i.e. a rising sophomore, junior, or senior. May or August 2016 grads are not eligible.To apply for the funding, the student must secure an unpaid, full-time internship that is 40 hours/week, worked at one organization, over at least ten weeks. The internship can be a formal, pre-existing program or an opportunity the student negotiates with an employer. The minimum required hours must be completed between the dates of June 1-August 7, 2015 though an internship may continue beyond August 1st. An applicant cannot use multiple internship offers to meet the duration and hourly requirements. 

To apply, a student must submit the following 5 documents. Keep in mind that the application process is competitive and all application materials should be well-written.

  • Statement of interest (no more than 800 words total) addressing the following points:
    • What is the connection between this internship and your career goals? How do you hope to benefit from the internship?
    • In what way would funding better enable you to pursue an internship? If relevant, outline any costs you anticipate incurring as a result of the internship.
    • List any other sources of funding that you have applied for and/or received from either William & Mary or external sources. Please note the amount of the funding and when you anticipate hearing about whether you will receive it.
  • Up-to-date resume
  • Internship posting or position description
  • Budget (demonstrating the use of Internship Funds)
  • Proof of the internship opportunity, i.e. offer letter or email, written in English, which outlines employer’s contact information, confirms that the internship has been offered and accepted, lists the start and end dates for the internship, the total number of hours to be worked, and that it is unpaid. The employer also must complete this verification form regarding the Fair Labor and Standards Act.

 

Application materials must be submitted via Tribe Careers. To apply, log onto your Tribe Careers account and find further instructions on the Tribe Careers homepage.

Applicants should demonstrate:

  1.  Strong interpersonal skills. This encompasses an ability to communicate, adapt and take an interest in people.
  2.  A knack for being able to convey detailed information in a concise organized manner
  3. Confidence/ willingness to cold call
  4. A serious level of attention to detail
  5. Experience creating/ modifying power point presentations
  6. An ability to draft a loan amortization spreadsheet in excel
  7. Strong research skills. Resourceful, innovative.
  8. A high energy level
  9. Basic accounting knowledge which can be transferred to real estate finance
  10. A passion to succeed along with an intuitive “feel’ for real estate



Olympia & Adam Trumbower Fund for International Development/Philanthropy Internships 
Application Deadline: April 15, 2016, no later than 2:59 PMPlease note: no applications will be accepted after the deadline!
 

Direct Link to the TribeCareers Posting

Through the generous donations of alumni, Olympia Ochoco Trumbower '08 and Adam Trumbower '07, as well as the Bill and Melinda Gates Foundation, students who have acquired an unpaid internship with either a non-profit, international development organization or with a philanthropic organization can compete for $4,000.00 to help defray their expenses.

To be eligible, applicants must be returning to the college after the completion of the internship, i.e. a rising sophomore, junior, or senior. May or August 2016 grads are not eligible. To apply for the funding, the student will need to find an unpaid internship opportunity. The funding will be awarded based on the quality of the internship experience, as evidenced by the internship description and statement of intent, as well as financial need and the degree to which this internship will further the intern's career goals. 

To apply, a student must submit the following 5 documents. Keep in mind that the application process is competitive and all application materials should be well-written.

  • Statement of interest (no more than 800 words total) addressing the following points:
    • What is the connection between this internship and your career goals? How do you hope to benefit from the internship?
    • In what way would funding help better enable you to pursue an internship? If relevant, outline any costs you anticipate incurring as a result of the internship.
    • List any other sources of funding that you have applied for and/or received whether from either William & Mary or external sources. Please note the amount of the funding and when you anticipate hearing about whether you will receive it.
  • Up-to-date resume
  • Internship posting or position description
  • Budget (demonstrating the use of Internship Funds)
  • Proof of the internship opportunity, i.e. offer letter or email, written in English, which outlines employer’s contact information, confirms that the internship has been offered and accepted, lists the start and end dates for the internship, the total number of hours to be worked, and that it is unpaid. The employer also must complete this verification form regarding the Fair Labor and Standards Act.

Application materials must be submitted via Tribe Careers. To apply, log onto your Tribe Careers account and find further instructions on the Tribe Careers homepage.



Cohen Career Center Internship Fund 
Application Deadline: April 15, 2016, no later than 2:59 PMPlease note: no applications will be accepted after the deadline!
  

Direct Link to the TribeCareers Posting

The Cohen Career Center Internship Fund exists thanks to kind donations from the Parents & Family Council, the Vice President of Student Affairs, parents, and other donors. The fund awards $4,000 to undergraduate students pursuing necessarily unpaid internships. Internships deemed “necessarily unpaid” are offered by employers that genuinely lack the financial resources to pay wages to their interns and typically fall within the following sectors: non-profit, government, education, and non-governmental organizations. Opportunities at boutique, for-profit, media/communications, or entrepreneurially-oriented organizations may be considered if justification is provided regarding why the internship is unpaid.

To be eligible, applicants must be returning to the college after the completion of the internship, i.e. a rising sophomore, junior, or senior. May or August 2016 grads are not eligible.To apply for the funding, the student must secure an unpaid internship that is a minimum of 160 hours, worked at one organization, over at least four weeks. The minimum required hours must be completed between the dates of June 1-August 7, 2016 though an internship may continue beyond August 1st. An applicant cannot use multiple internship offers to meet the duration and hourly requirements.

To apply, a student must submit the following 5 documents. Keep in mind that the application process is competitive and all application materials should be well-written.

  • Statement of interest (no more than 800 words total) addressing the following points:
    • What is the connection between this internship and your career goals? How do you hope to benefit from the internship?
    • In what way would funding help better enable you to pursue an internship? If relevant, outline any costs you anticipate incurring as a result of the internship.
    • List any other sources of funding that you have applied for and/or received whether from either William & Mary or external sources. Please note the amount of the funding and when you anticipate hearing about whether you will receive it.
  • Up-to-date resume
  • Internship posting or position description
  • Budget (demonstrating the use of Internship Funds)
  • Proof of the internship opportunity, i.e. offer letter or email, written in English, which outlines employer’s contact information, confirms that the internship has been offered and accepted, lists the start and end dates for the internship, the total number of hours to be worked, and that it is unpaid. The employer also must complete this verification form regarding the Fair Labor and Standards Act.

Application materials must be submitted via Tribe Careers. To apply, log onto your Tribe Careers account and find further instructions on the Tribe Careers homepage.



Policies for all Internship Funds

  

Student Eligibility
Our internship funding is available to undergraduate students currently enrolled full-time or part-time in any degree program. International students (F1/J1 visas) may apply, however, consider any effect the award would have on tax status -- please consult the Reves Center for more information. Awards are limited to one per student per year. Applicants must be in good academic standing at the time of application and remain in good standing throughout the internship. If the Spring 2016 cumulative GPA falls below 2.5, the funding award will be subject to review. Applicants need to be in good disciplinary status with the college as well and the selection process will involve a review of Dean of Student’s records.



Internship and Employer Eligibility  
The internship must meet the specific requirements for nature of the internship, duration, and total hours which are outlined in the descriptions above.  The minimum required hours must be completed between the dates of June 1-August 7, 2016, though an internship may continue beyond August 1st. An applicant cannot use multiple internship offers to meet the duration and hourly requirements.  Our funding cannot be applied retroactively toward any internship hours that were completed prior to May 2016.

Federal law requires payment of interns unless the internship satisfies criteria outlined by the U.S. Department of Labor.  William & Mary cannot determine whether any internship satisfies the Department of Labor criteria. To help ensure that William & Mary students are provided with beneficial internships, William & Mary requires all employers participating in the program to certify that they have reviewed and will abide by the Department of Labor criteria established in the FLSA.  Employers must submit a verification form directly to Sean Schofield.


Special Considerations Required for International Internship Opportunities  
William & Mary's Travel Warning policy should be considered for any international interships. The College's policy establishes the circumstances under which student travel to countries subject to a U.S. State Department Travel Warning is permitted. Students hoping to intern abroad while receiving funding for an internship, should check the DOS Travel Warnings for the country they are interested in. If the country is under a DOS Travel Warning, please complete a petition which will be reviewed by the Reves Center. All petitions must be received by Nick Vasquez, International Travel and Security Manager, at the Reves Center no later than April 15th.


Selection Criteria
The review committee will consider the following factors: academic standing, disciplinary status, financial need, nature of the internship, and the connection between the internship and the applicant's career interests.



Basis for Disqualification
The following criteria serve as automatic disqualification for the internship funding managed by the Cohen Career Center:

  • Incomplete application at time of deadline or submission of materials after the deadline
  • Non-completion of the internship requirements
  • Virtual, independent, or unsupervised internships
  • Internships with the College of William & Mary. No research projects or work under any department at the undergraduate or graduate campuses will be funded.
  • Internship site is owned or managed by member of intern’s family
  • Inaccurate representation of internship or employer information
  • Honor code or academic or disciplinary conduct violations
  • Non-completion of post-internship commitments
  • Transferring or withdrawing from the college before, during, or after the internship is completed

Selection Committee  
Applications will be reviewed by a committee consisting of Cohen Career Center staff.  The committee will meet in late April to make decisions about the awards.



Disbursement of Award 
Awards will be distributed in two amounts.  Fifty percent of the award will be given to the student upon selection. The remaining fifty percent will be distributed when both the student’s post-internship evaluation form as well as the employer’s evaluation of the student’s performance have been received by the Cohen Career Center.  If an intern is fired or quits the internship, the recipient will not receive the second distribution of the award. Exceptions to this disbursement schedule will be considered on a case-by-case basis -- send an appeal to Sean Schofield.



Post-Internship Expectations 
Following the completion of the internship, the student must complete an evaluation reflecting on the internship’s impact on his/her academic and career goals. The internship supervisor must submit an evaluation of the intern’s performance including verification that the required hours were completed between June 1 and Aug 7, 2016.



Inclusion in Publicity Materials & Donor Events 
Acceptance of an award by a student implies his/her agreement that the college may use the student’s name and likeness in materials related to the internship funds. Recipients may request an exemption from this by writing to Sean Schofield. Recipient agrees to be available as requested for activities such as thank you letters, information sessions, and donor-recognition events.



Additional Funding 
The internship funds managed by the Cohen Career Center are just a few ways the College of William and Mary provides financial support for internships. A student can investigate additional funding for internships and summer study opportunities via the Charles Center and  Office of Community Engagement, as well as, his/her academic department(s). The Cohen Career Center awards can be held concurrently with any other William and Mary merit awards, although these awards/sources should be mentioned in the section of the application that addresses costs of the internship and financial need.



Tax Implications 

These awards will be considered as merit awards and could affect any need-based aid that students may be offered for the academic year. Students are responsible for consulting with Financial Aid to estimate the impact, if any, of an internship award on their financial aid package.  For domestic students, the award will be treated as taxable income for federal and state income tax purposes and the College of William and Mary will issue a Form 1099-Misc to US citizens and permanent residents and a corresponding copy to the IRS.  Students should consult their parents or a tax advisor for federal and state income tax filing questions. For more information on tax-related issues, please consult Financial Aid. For international students, depending on the individual circumstances for the award recipient, the College of William and Mary will be required to issue either a Form 1099-Misc or Form 1042-S. Payments to international students may be subject to 30% direct tax withholding. International students should contact the Reves Center to better determine their circumstances.