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Awarding educational scholarships to graduating seniors has been one of PAB's major community service initiatives for over 15 years.  This year (2004), the Boatmen awarded scholarships of $1,000 each to 17 Port Aransas High School students.

Since 1992, 107 students have been awarded over $99,980 in scholarship funds.

In 1997, PAB established four scholarship categories eligible for funding:

• Graduating seniors
• High school graduates seeking assistance
• Previous scholarship recipients seeking additional assistance
• Individuals pursuing academic endeavors which will lead to a license or certification

To ensure the integrity of the scholarship awards, PAB has established guidelines which spell out for what purposes the funds may be used, how the funds will be disbursed, and the grade point average that must be maintained by the recipient in order to access the funds.

Endowed Scholarship Fund

Acknowledging the high priority of the function of the awarding scholarships, the PAB membership voted unanimously, in June, 1997, to establish the Port Aransas Boatmen Endowed Scholarship Fund.

The fund has been established as a Sec. 501c(3) Nonprofit Organization.  The purpose of the fund is to build a long term restricted fund, in which the invested principal will be kept in tact, and interest/dividends will be used to fund scholarship awards.

The PAB provided start up funding for the Endowed Scholarship Fund with a $50,000 contribution.  Along with the initial contribution came a commitment by the PAB to invest funds on an annual basis to build principal.  The ultimate goal of the PAB is to be in a position that would allow the awarding of scholarships to any students seeking assistance in the furtherance of their education.

The Port Aransas Boatmen have continued to invest in the Endowed Scholarship Fund, bringing the total, as of 1/4/04, to $216,819.

An Open Invitation

Educational accessibility is the cornerstone of the Port Aransas Boatmen Endowed Scholarship Fund.  Your contribution to the fund ensures additional opportunities for individuals pursuing their educational goals.  100% of all contributions will be utilized for scholarships.

If you are interested in knowing more about the Port Aransas Boatmen Endowed Scholarship Fund, please call the Boatmen at 361/775-2115.