1991-01-16-TPT-BORGHESANI - Laserfiche WebLink

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• Mr. Alan S. Fields Trustees of Public Trusts Town of Lexington Lexington, MA 02173 Dear Mr. Fields: (Anne E. Borghesani Memorial Fund) This letter is to set forth the terms'on which the Trustees of Public Trusts agree to hold the trust fund the Lexington High School Class of 1985 and others have established in memory of Anne Elizabeth Borghesani: 1. The Trustees will hold and invest the fund as part of the common trust funds administered by them for the benefit of the Town of Lexington. January 16, 1991 2. Net income from the fund shall be paid as follows: (a) Each year the trustees shall award a prize to be known as the Anne E. Borghesani Memorial Prize in the amount of three - fourths of the net income of the fund. Remaining income from the fund shall be added to the principal. (b) To be eligible, a potential recipient must meet the following criteria: (1) Be a woman in the 7i74::::0Lexingtoni-A r iii h School • • • (ii) Have selflessly, ent husiastically, andfr creatively served both Lexington High School - and her own community including participation. in volunteer activities which help people in need; (iii) Have demonstrated aspects of Anne's character as set forth in the statements written about Anne by Anne's high school classmates on file in the Lexington High School Principal's office as well as in the office where applications for the Prize may be obtained.