TYPE OF FUND: Scholarship DATE ESTABLISHED: December 1992
PURPOSE: To provide scholarships for students to attend accredited trade schools.
DISTRIBUTION: To be determined by the Scholarship Committee of TCF with approval of the Board of Directors. To be distributed annually to traditional and/or non-traditional applicants who will be attending an accredited trade school. A current Power Construction & Maintenance, Inc. and/or one of its subsidiary employees and/or their family members are to receive preference if they qualify. If a point system is used in the selection process, then donors would expect that applicants receive a point for the aforementioned association. If no student who plans to attend a trade school applies for the scholarship, other prospective students will be eligible.
VARIANCE POWER: If, in the judgment of the TCF Board of Directors, the restrictions and conditions of the fund become unnecessary, incapable of fulfillment or inconsistent with the charitable needs of the community, the TCF Board of Directors maintains the right to modify the terms of this fund. TCF has exclusive legal control over any contributed assets.
FUNDING: Provided by Power Construction & Maintenance, Inc., originally of Thomas, WV of which Mr. Price was founder and president. The initial contribution to TCF was $5,000 with the understanding that $5,000 was to be added until a total of $25,000 was reached.
BACKGROUND: H. Max Price, founder and president of Power Construction & Maintenance of Thomas, was a resident of the Timberline and Davis areas of Tucker County. He was born January 5, 1928 and died July 20, 1992.
He was born at Charleston, WV, a son of the late Walter and Mayme Lewis Price. At the time of his death, his wife, Frances Lewis Price resided in Davis. He was also survived by five daughters, Karen Sexauer of Parkersburg, Ann Heimbuck of Homer, AK, Lynn Ofsa of Athens, WV, Sandra Linkous of Roanoke, VA and Carrie Stewart of Williamstown; and 11 grandchildren.
Mr. Price had worked for Kanawha Manufacturing Company, Appalachian Construction Company and Quail Ridge Construction Company for 35 years prior to establishing PCM. Officials, in establishing the fund following his death, called Mr. Price, “a friend, a teacher and an associate.”