HomeMy WebLinkAbout1998-10-12-TPT-FennCO T -12 -1 12 :54 X11 RUSSIAN&FENN
TNOM&* O ONNN
OFCOUNSEL
STEPHEN T. RUSSIAN
781 862 1302 ').0'2
LAW 01:FICE6
RUSSIAN & FENN
A PRQ /EOHIONAL, ASSOCIATION
33 AEoFORO STREET, SUITE 8
LEXINGTON. MA55ACHU6ETT8 02173
E -MAIL. TJEK1236A0:..r.0M
October 12, 1998
Mr. David G. Williams
Trustees of Public Trusts
Lexington Town Hall
1525 Massachusetts Avenue
Lexington, MA 02420
RE: Dan H. Fenn, Lexington Minute Man Grant Award
Dear Mr. Williams:
AREA COOS 78:
052-4! 81
962-4'83
FAX
Fir, 2.1 02
Please establish the following terms and conditions for
which the Trustees of Public Trust shall hold the trust fund
cited above as established by the family and friends of Dan
H. Fenn.
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;
2) Net income from the fund shall be paid as follows:
a. Each year the then acting Captain of
the Lexington Minute Men Company shall award
a grant award to be known as the "Dan H. Fenn,
Lexington Minute Man Grant Award" in an amount
equal to three /fourths of the net income of the
fund;
b. The remaining one /forth net income from the
fund shall be added to the principal.
3) The Captain shall present this annual award at
the appropriate time during Lexington's Patriot's
Day Celebration in April.
4) A committee shall be formed to include the
following individuals for choosing the recipient by
simple vote:
a. The acting Captain of the Lexington Minute
Men Company;
b. A member or descendant of the Fenn Family;
c. President of the Lexington Historical Society;
d. Chair of the Lexington Board of Selectmen;
e. The Head of the History Department of Lexington
Schools or their appointee.
NT -12 -1998 12:54 ?M RUSSIAN &FENN 781 862 1302 ?.03
5) To be eligible for this grant award, the recipient
should meet the following criteria:
a. An individual or group looking for funds
for research project, program, or activity
focusing on the Colonial History of Lexington.
This criteria is not to be narrowly defined by
the Committee;
b. The recipient may be an individual or group
either nominated for the grant award or identified
by their application;
c. The application shall be in the form of a
letter stating and outlining the proposal and
need for the funds. Such letter can be sent to
any member of the Committee;
d. Preference could be given to residents of
Lexington, at the discretion of the Committee.
Thank you Mr. Williams for your assistance and support
in establishing this fund. If you have any questions or concerns
please feel free to call, as I shall continue to be,
Very truly yours,
Thomas 0. Fenn
December 29
Mr. David Williams
Trustees of Public Trusts
Town of Lexington
Lexington, MA 02173
Dear Mr. Williams: (re Charles D. Aker Family Scholarship
Fund)
This letter is sent to set forth the terms on which the
Trustees of Public Trusts agree to hold the trust fund that
the family of Charles D. Aker have established in his memory.
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.
2. Net income from the fund shall be paid as follows:
(a) Each year the Trustees hal award a scholar-
ship in the amount of^ t fourths of the net
income of the fund. The remaining income from
the fund shall be added to the principal.
(b) To be eligible, a potential recipient must meet
the following criteria:
(I) Student must be a graduating senior.
(II) Granting of scholarship is contingent
upon the student's acceptance to an academic
program selected to further his /her education.
(III) Demonstrate a seriousness of purpose and a
clear sense of responsibility.
(IV) Student must have held a responsible position
contributing to the success of a sports team
(other than as a team player) with the Lexing-
ton High School athletic program for at
least two seasons.
(V) Be in need of financial assistance.
(c) An applicant for the Charles D. Aker Family
Scholarship shall apply by:
Submitting character references from 1) a team
coach, 2) a L.H.S. teacher, 3) one of the
following: a leader of an organization in which
the student is an active participant (other than
an athletic team), a member of the clergy, an
employer or a neighbor to the Lexington
scholarship committee.
Mr David Williams
Dec 29, 1997
Page 2
(d) The recipient may be awarded this scholarship
for up to four academic years upon receipt of
transcript showing a C+ or better average
grade for the previous year of study.
(e) If in any year no qualified students, or
no students, apply for the Charles D. Aker Family
Scholarship, the selection committee reserves
the right to add the amount of the award to the
principal of the fund.
Very truly yours,
Beverly F. Aker