Francis J. and Norma T. Rasmussen Scholarship

SCHOLARSHIP AGREEMENT

Between the Soda Springs Education Foundation, an Idaho non-profit corporation (hereinafter the “Foundation”), the Principal of the Soda Springs High School and the scholarship donors/family who agree as follows:

 1.  The Foundation agrees to make available to the Principal of Soda Springs High School an annual sum of $1,000 or more per year to be used as a scholarship award to a member of the graduating class of Soda Springs High School.

 2.  A committee is to be chosen to select the student to receive the award. The committee members are to include three representatives appointed by the President of the Foundation, and may include one representative from the Francis J. and Norma T. Rasmussen family.  

3.  The committee is to meet to consider applicants for the scholarship award no later than two weeks before each year’s commencement exercises. An award need not be given in every year, but if deferred, may be given to two or more candidates in a subsequent year.

 4.  The award is to be used to pay full-time tuition at an approved college, university, or vocational school. It is not to be paid to the student directly, but will be paid jointly to the student and to the college, university, or vocational school upon registration by the student for the approved course work.

 5.  The selection committee shall use the following criteria (which are not in any order of priority or importance) in the awarding of the scholarship:

             a.  Educational and vocational ambitions, as indicated by the candidate in an essay describing his or her future plans. Of particular interest, should be the interest in and potential for community service in the student’s intended career. Preference should be given to a student who has intentions to enter the practice of law or the profession of teaching.

             b.  Extracurricular and community activities, including the extent to which the candidate has been of service to others, and has exhibited the qualities of leadership, citizenship, and devotion to his or her religion.

            c.   Letters of recommendation from individuals in the community who are qualified to comment on the student’s past and on the potential for the future.        

            d.   High school grades and ACT scores. These are to be considered in the selection, but are not to be the deciding factor in the selection of the scholarship recipient. Special consideration should be given to those candidates who have a cumulative GPA between 2.5 and 3.5.

             e.  An in-person interview between the committee and the leading contenders for the award.     

            f.    Financial need.

 6.  If the committee so chooses, the award for a given year may divided between two or more applicants who are equally deserving.

7.   The name of the scholarship award will be the Francis J. and Norma T. Rasmussen Scholarship.

 8.  A copy of the essay and of the letters of recommendation of the winning candidate is to be sent to Norma T. Rasmussen at her residence, as follows:

                                    Norma T. Rasmussen
                                    4629 E. Calypso Dr.
                                    Mesa, AZ 85206

 9.  No action taken as a result of this agreement by the Foundation, the Principal, or the committee to be formed hereunder, shall be influenced by any bias or prejudice on the basis of race, color, religion, gender, or national origin.

10.  This agreement shall be in effect for the school year 1997-1998 and thereafter, until one of the parties shall elect to terminate. Upon termination, the remaining funds are to be distributed as a scholarship or scholarships at the discretion of the Foundation, the Principal, and the committee.

11.  The Principal agrees to use whatever means are reasonable and necessary to give ample exposure to all potential applicants of the availability of this scholarship award, and to encourage any graduating senior interested in the award to apply. The methods used to publish the details of the award to the student body of Soda Springs High School are to be explained each year to the committee for their review and comment.

12.  If any local, state, or federal law or regulation shall be passed or enforced upon the Foundation or the school administrators involved that would diminish fund that actually assist the intended beneficiaries of this agreement, then this agreement may be voided upon request by any of the parties hereto.