HomeMy WebLinkAbout1991-01-16-TPT-BORGHESANI•
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.
Mr. Alan S. Fields
January 17, 1991
Page 2
(c)
An applicant for the Anne E. Borghesani Memorial
Prize shall apply (by submitting an application
with a written personal statement, a
recommendation from one Lexington High School
faculty member, and a recommendation from one
community member), to a selection committee
consisting of at least two members of the
Lexington High School Class of 1985 approved by
the class officers as long as there are two
members willing and available; at least one member
of the Borghesani family as long as there is a
member willing and available; the Lexington High
School faculty member serving in the capacity of
advisor to the senior class; and the principal, or
person having the responsibility of principal, of
Lexington High School or his or her designee. The
determination of the selection committee shall be
final.
(d) If in any year no qualified students, or no
students, apply for the Anne E. Borghesani
Memorial Prize, the selection committee may choose
a student based on advice from the Lexington -High
School faculty and members of the greater Boston
community; otherwise, the amount of the award for
that year shall be added to the principal of the
fund.
Very truly yours,
Susan B. Cohen