James H. Boone Sr. Memorial Scholarship Fund 2010

Founding The James H. Boone Sr. Memorial Scholarship Fund was established by contributions from the public to recognize and honor the outstanding accomplishments of Mr. James H. Boone, a successful Murray businessman and Community Leader.  The Murray Foundation for Excellence and the Boone Family do hereby establish these guidelines for the James H. Boone Sr. Memorial Scholarship Fund.   Purpose James H. Boone Sr. Memorial Scholarship Fund is established by the Boone family to provide long term funding for the James H. Boone Sr. Memorial Scholarship.   The scholarship shall be awarded to a Murray High School senior who has been active in sports with a preference for football.  For the full criteria see the application form. There is no restriction on the college that the student may attend.   Selection process The recipients shall be selected annually by the Boone Scholarship Committee comprised of the principal, counselor and football coach of Murray High School, up to three (3) members of the Boone Family and a representative of the MISD Foundation for Excellence.   Management and amount The MISD Foundation for Excellence shall administer the Fund, seek additional contributions from the public, and invest all funds in a safe and prudent manner.  At no time shall the principal of the fund (including additional contributions) be used for any purpose other than investment. The James H. Boone Sr. Memorial Scholarship shall initially be funded by the Boone Family.  No expenditures will be made from this fund so long as the Scholarship is funded by other means.  When that external funding of the scholarship ends the procedure shall be that the amount of the award shall be not more than 80% of the average return generated by the account in the five years preceding the award, rounded down to the nearest $100.  < Return to Endowments