June 21, 2001 NEWS RELEASE

$9000 AVAILABLE FOR 2^ND YEAR SCHOLARSHIPS

The Citizens Scholarship Foundation of BGM (a Dollars for Scholars Chapter) has mailed the 2^nd year scholarship applications to the Class of 2000 that had received a scholarship from CSF. This year there is $9000 available to be divided evenly between the number of applications received back.

If you did not receive an application for the 2^nd year scholarship money please be sure to contact JC Miller at Manatts 641-522-9206 and he will mail one out to you.

The 2^nd year scholarship fund was set up by the Raymond M. Foster Estate and is available to graduates who have successfully completed their first year of college after graduating from BGM. The Raymond M. Foster estate set aside approximately $148,000 in 1994, into the Second Year Scholarship Fund. The fund has grown to $181,000. Five 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 Allison Lorenz, Board of Trustee representative for the BGM School Board-Malcom, or any other board member. You can also write to Box 469, Brooklyn, IA 52211.

Saying for the week: If you want happiness for a lifetime, help someone else.-- Chinese Proverb