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Board weighs options for distributing $90,000 from the Merle Maguire/McGuire Mayo scholarship endowment
Summary
The board discussed allocation options for a $90,000 endowment distribution administered through Arlington Dollars for Scholars, with members leaning toward awarding about 24–30 students rather than a small number of multi‑year awards; staff will return with narrowed options for a future vote.
Board members reviewed options for awarding the annual interest from the Merle Maguire/McGuire Mayo Scholarship Endowment. Executive director Gina Zuttenhorst said $90,000 is available this year; last year’s pool was $67,000.
Gina reviewed multiple sample allocation scenarios: a large number of one‑time awards (for example, 90 awards at $1,000), fewer…
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