Martha C. Sponaugle Scholarship Fund
TYPE OF FUND: Scholarship DATE ESTABLISHED: July 10, 2000
PURPOSE: To provide a scholarship for a Tucker County High School graduate.
DISTRIBUTION: To be determined by the Scholarship Committee of TCF with approval of the Board of Directors. The family requests that consideration be given to financial need of the recipients.
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: Initial funding provided by Berlin “Bud” Sponaugle, his son and daughter –in-law, Capt. Sid and Sandie Sponaugle in memory of their wife and mother.
BACKGROUND: This scholarship is established by the family in memory of Bud, Martha and his parents.