The process of determining awards available from the Exceptional Faculty Fund shall be the subject of collective bargaining (per RCW 28B.50.843). Locally this process is guided by the agreement between the Board of Trustees of Washington Community College District No. 2 and the Grays Harbor College Federation of Teachers Local #4984 (Please see the Exceptional Faculty Awards section of the current Collective Bargaining Agreement).
The amount to be awarded from the Exceptional Faculty Fund each fiscal year shall be based on 4% of the fund’s total value as of September 30, as reflected in the fund managed by the Grays Harbor College Foundation. The Board of Trustees may choose to award more than 4%, provided that doing so does not reduce the fund’s balance below the endowed principal of $200,000, in accordance with RCW 28B.50.844.
The amounts of individual awards and who receives them is subject to the approval of the Board of Trustees (per RCW 28B.50.843).