May 23, 2000 NEWS RELEASE

SECOND YEAR SCHOLARSHIP APPLICATIONS SENT OUT

The form for the Second Year Scholarship will be sent out on June 1, 2000 to all graduates from 1999 that received a scholarship from the CSF of BGM in 1999. The funds available this year are $8,700.00. This fund was set up by the Raymond M. Foster Estate contribution to the CSF of BGM and is available to graduates who have successfully completed their first year of college after graduating from BGM.

All applications must be sent back to the Citizens Scholarship Foundation of BGM (a Dollars for Scholar Chapter) no later that July 31, 2000. The funds available will be divided among the applications returned. If you have not received your application within a week or so for this scholarship, please contact J. C. Miller at

515-522-9206.

The scholarship will be available and sent out around August 15, 2000. As a reminder the foundation will only send out a maximum of $500.00 per semester. If you still have money due from your original scholarship, you will receive your second year scholarship but only at a later date.

The Raymond M. Foster estate set aside approximately $148,000.00 in 1994, into the Second Year Scholarship Fund. The fund has grown to $175,000.00. Five (5%) percent of the beginning balance each year will be given out. To protect the fund, if interest falls below 5% then only the actual interest earned will be given out. Any interest earned above the 5% will be added to the principal. This will insure the principal balance always stays the same or will continue to grow which helps protect the fund from inflation.

Contributions may be added to the Raymond M. Foster funds or any other Citizens Scholarship Foundation of BGM funds. Anyone wishing to make a contribution to the foundation, please contact Brenda Strong, representative for the BGM Alumni Association, or any other board member. You can also write to Box 469, Brooklyn, Iowa 52211.

Saying for the week: Ability is what you're capable of doing. Motivation determines what you do. Attitude determines how well you do it. -- Lou Holtz