Income available for distribution from the Fund, as determined by the directors of the Foundation, will be disbursed annually to School District No. 83 (North Okanagan-Shuswap) or its successor (the “School District”) to provide a bursary in the name of the Fund to a student graduating from Salmon Arm Senior Secondary School in Salmon Arm, British Columbia, who intends to pursue further academic or vocational education or training at an accredited post-secondary institution.
The recipient of the bursary from the Fund will be selected by officials of the School District and will be a student who:
- is a person of good character who has demonstrated community involvement, citizenship and leadership;
- has demonstrated an ability to work hard and is among the top achievers in his or her graduating class;
- shows initiative and a desire to succeed in his or her chosen field of study; and
- is in need of financial assistance
The School District may award more than one bursary if the income of the Fund so warrants.