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HomeMy WebLinkAbout2000-05-24-TPT-ModoonoRose M. Marshall 99 Main Street Norwell, MA 02061 The Dominic and Assunta Modoono Family Scholarship Fund 1. The Trustees of Public Trusts will hold and invest the funds as part of the common trust funds administered by them for the Town of Lexington. 2. Each year the Trustees will give up to three- fourths (3/4) of the income earned to the P.T.A. Council Scholarship Committee or their designated successor. Remaining income twenty -five percent (25 %) from the fund and all capital gains shall be added to the principal each year. 3. To be eligible, potential recipients must meet the following criteria: a) must be a Lexington resident in the senior class at Lexington High School, or Minuteman Regional Vocational High School, or b) a graduate of either of the above referred schools presently in college; c) have selflessly, enthusiastically and creatively served both their school and community; d) have a special talent or trait that is recognized and enhances their personality; e) have a demonstrated financial need.