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HomeMy WebLinkAbout2002-06-12-TPT-Bass-DiDomenicoFriends of Lexington Music, Art and Drama Students, Inc. 251 Waltham Street, Lexington, MA 02421 BOARD OF DIRECTORS Ellen Mitropoulos President Ellen Verdugo Vice President Ann Schauffler Secretary SweeCheng Lim Treasurer Kerry Brandin Director Jean Cole Director Louise Freese Director Judy Pappo Director Laurel Smith Director Walter M. Pavasaris Director and Coordinator of Fine and Performing Arts Lexington Public Schools 781 - 861 -2320, ext.2175 FOLMADS is a non - profit, tax exempt organization formed in 1994 to foster and promote excellence in the fine and Performing arts programs in the Lexington Public Schools, June 12, 2002 Mr. David Williams Trustee of Public Trusts Lexington, MA 02420 Dear Mr. Williams; Please let this letter serve to document the terms under which the Bass - DiDomenico Scholarship Fund is to be managed. This fund has been established to honor the memo- ries of S. R. Major Bass, a Lexington resident who died in the Vietnam War, and Joseph DiDomenico who was a long -time choral director and music department chair in the Lexington Public Schools. 1) The Trustees of Public Trusts 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) Each year one scholarship of $1500 will be awarded to a Lexington High School graduating senior who plans to major in music or music education in college. Deci- sions for the award will be made by faculty members of the Lexington High School Music Department. 3) The award announcement will be made at the LHS annual spring pops concert. 4) Candidates for this award will apply to the Lexington High School Music Depart- ment using a form created by the faculty. The award's availability is announced to all students, and forms are given out by the faculty on request. 5) If in any year there are no qualified students for the Bass - DiDomenico Scholarship, the amount of the award for that year will be added to the principal of the fund. 6) Distribution of the award will be made directly to the college. A student may declare his /her major anytime in his/her college career. This may mean more than one dis- bursement in any calendar year. There is no time limit on the award. 7) It is FOLMADS' intention to build up the fund over time so that its income will equal the amount of the award. 8) In any year, members of the community or FOLMADS, Inc. may supplement the fund, All donations to the fund should be routed through FOLMADS at 251 Walt- ham Street, Lexington, MA, and FOLMADS will acknowledge them. These contri- butions will then be forwarded to the Trustees of the Public Trusts for banking and investing. 9) At any time in the future, the Board of Directors of FOLMADS may make changes to the above at its discretion, including but not limited to, withdrawing this scholar- ship fund from the Trustees of the Public Trust.. 10) The Trustees of the Public Trust will provide an annual accounting to FOLMADS. ' 7E , Ellen Mitropoulo; President, FOLM