The Bedford North Lawrence Scholarship Foundation was organized July 12, 1967, for the benefit of students and educational programs of the North Lawrence Community Schools as a not-for-profit corporation pursuant to provisions of the Acts of the General Assembly, May 31, 1921, and as amended.
Incorporators of the Foundation were:
Clarence J. Donovan, Attorney at Law
John R. Hodges
Robert W. Medlock, DVM
The Foundation and its business affairs are governed by a Board of Directors which is vested with and may exercise all the powers of the Foundation. The first Board of Directors was composed of the above five men in addition to Perry E. Mullis and the late Congressman Eugene B. Crowe, Dr. Dan A. Schafer and Burnettia Denny.
Dr. Dan A. Schafer (1916-2000), Superintendent of Bedford and North Lawrence Community Schools (1956-81) was the major force in the organization of the Foundation and worked diligently in its behalf since its incorporation.
The Foundation may be supported by gifts of money and property. Assets are invested to maintain the value of the original gift. Scholarships are provided by direct gifts, income from gifts and/or a combination of these, according to the wishes of the donor. A financial report is available upon request.