June 20, 2002 NEWS RELEASE

POWESHIEK BANK CONTINUES DONATING TO PRESCHOOL FUND

The CSF of BGM (a Dollars for Scholars Chapter) received a donation from the Poweshiek Bank for $1250. This is the 2^nd payment of a three-year pledge from the bank.

Jack Arendt, bank President, commented that preschool is a great program and that it is very important to get our young children off on the right foot before going to school. A preschool program that will be giving a scholarship to each child who attends is an asset to our school district. The bank is excited to be a partner in the process of getting an endowment fund established to help the preschool program.

The goal of CSF is to raise an endowment fund of $100,000 that will earn 5% interest, bringing $5000 per year of available money to fund the preschool scholarships. To accomplish this goal, everyone’s assistance will be needed to get the endowment fund established.

The Foundation is grateful to the Poweshiek Bank and their employees for their continued support over the years. With your help and encouragement all of our students wishing a higher education will be helped and challenged to be the best they can be.

Anyone wishing to make a contribution to the preschool scholarship fund or any of the other endowment funds within the Foundation may contact Mrs. Marvin (Dorothea) Hicks, Board of Trustee for the Guernsey Alumni Association, or any other Board member. You can also write to Box 469, Brooklyn, IA 52211.

Saying for the week: The years teach much which the days never knew. - Ralph Waldo Emerson