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Council creates Lawrence E. Horner endowed scholarship; initial $26,020 authorized
Summary
Thousand Oaks authorized an endowed scholarship in the name of former Mayor Lawrence E. Horner and approved initial funding so the scholarship can award beginning in 2026; council directed staff to work with the Horner family and the Ventura County Community Foundation on final eligibility criteria.
The Thousand Oaks City Council on April 29 authorized an endowed scholarship honoring Lawrence E. Horner and approved an initial city contribution to the Ventura County Community Foundation (VCCF) so the scholarship can begin awarding as early as the 2026 cycle.
VCCF staff told the council an endowed scholarship requires a $25,000 principal contribution to fund an ongoing $1,000 annual award; contributed funds are invested for a year before earnings become available. The foundation charges an annual administrative fee (1.5 percent) and manages the scholarship process including outreach, application collection,…
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