Class of '58 Endowed Scholarship
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Bob Fitzsimmons was the spark plug who got the CHS58 Endowed Scholarship rolling. The first award was given in 2016. By now, four extremely impressive students have been selected to receive the award – a very successful project, indeed.
The endowment is barely large enough that one, $2,000 scholarship can be given. The endowment needs to be larger to be able to continue to give $2K during a downturn. Lona and I have donated again to help bring this about. I hope you will join us.
I have always felt that a $1K scholarship helps, but with today’s tuition, it is a little cheap. I am much more proud of a $2K scholarship. In future years, the way tuitions are rising, $2K will be cheap, so we need to increase the endowment so it continues to build. Anyone who makes a contribution for the first time will have their name added to the plaque a long as there still is space. Don’t wait too long. Contact Bob Fitzsimmons if you would like to donate.
Some classmates may be concerned about how safely these endowment funds are held and how well it is managed. The scholarship committee has chosen to work through The Community Foundation of Northwest MO (CFNMO) to assure that the endowment lasts into perpetuity. CFNMO has selected a professional endowment management company which has our funds invested in a diversified collection of investments with a goal of growth and very long term preservation of capital. Don Packwood
P.S. I realize that every decent person has their own list of worthy causes they like to support. My major worthy cause is supporting education. It is tragic, in my view, when an up and coming young student can not pursue their passion, reach their potential, and make the contribution to the world they could have, because they can not afford the education required to do so.