This agreement was formulated to insure that 100% of funds donated would go to the scholarship. There are no administrative or operating expenses. To that end the following agreement was adopted.
- To be formally organized as the Vassar W. Hurt III Memorial Scholarship Endowment Fund.
- To have an interview board meet annually to select our scholarship winner(s) annually.
- To empower the board to award the scholarship(s).
- To have an annual meeting during homecoming to discuss any official business.
- To pay in-state tuition for one(1) year up to $3,000.00.
- To award the scholarship to a “C” student or higher with a demonstrated need who is a MS IV, MSIII or MSII pending acceptance to the Corps.
- To ask the Professor of Military Science to pre-screen and recommend all candidates.
- To require the winner to reapply annually if he/she needs the award more than one year.
- To ask that each supporter contribute $250.00 per year minimum with $500.00 per year being a goal.
- To establish this endowment in Vassar’s name that would provide a permanent source of funds for scholarships.
- To encourage the use of corporate matching funds to achieve our goals.
- To keep our efforts simple, uncomplicated, and always directed to the spirit of giving in Vassar’s memory.
