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Mason State Bank Centennial Fund Donates Over $51,000 to Mason Promise Scholarship

Monday, January 18, 2016   (0 Comments)
Posted by: Eric Dimoff
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In 1984, the Mason State Bank Centennial Fund, Inc. was organized exclusively to provide funds for charitable, religious, educational, and scientific purposes to groups in the Mason area.  Since the Mason State Bank Centennial Fund Board of Directors recently voted to dissolve the corporation, assets in excess of $51,000 now must be distributed in accordance with the by-laws of the corporation.  Their decision was the Mason Promise Scholarship would be the recipient of the funds.


“We are very happy to support our community by providing financial assistance in education of our young people that will be the future of this community, says Timothy Gaylord, President and CEO of Mason State Bank.  The Mason Promise Scholarship was established in 2005 to provide student support and scholarship assistance for two years at Lansing Community College to selected students who graduate from Mason Public Schools.


Students currently in the program range from sixth grade through college.  Students are selected at the end of the fifth grade by teachers and administrators.  Selection criteria include academic capability, motivation, behavior, parental support, and economic need.  The scholarship’s “Pathway Program” provides mentoring over the six years between selection and graduation from Mason Public Schools.


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