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Trustees approve increase in Stegnes Memorial scholarships; committee will review fund annually
Summary
The board approved Memorial Fund scholarship recommendations for 2025–26, including raising the largest Stegnes award to $3,000 for up to 10 recipients and maintaining annual balance reviews to preserve long-term viability.
The Board of Trustees approved recommendations from the district’s scholarship committee to increase several Memorial Fund awards for the 2025–26 school year.
The largest change was a recommendation to award ten Stegnes scholarships at $3,000 each (previously $2,000). Business office staff presented historical balances and dividend income from the underlying trust to justify the one-year increase and recommended an annual fund-balance review to determine future award levels.
Other awards recommended included two $1,000 Fred Chaz scholarships (academic excellence), a $1,000 Curtis Memorial award targeted to nursing programs at Sheridan College or the University of Wyoming, and a $1,000 Skatula music scholarship.
Trustees asked how often prior awards were fully expended; business manager Finney said awards sometimes go unspent if recipients do not complete a semester. The board approved the recommendations and directed the scholarship committee and business office to administer awards and monitor the fund balance each year.
