I've been on this committee now, I guess, for.... Around this particular scholarship, it's stayed at this amount, even though the dollar amount from the fountain seems to be going up. I guess as we got rid of pennies, loonies started to appear. People wanted more luck from the Centennial Flame.
I think it might be time to revisit that dollar amount and peg it a little higher so that it actually helps the people who are doing the work they're doing. I propose we boost the amount to $7,500 going forward, based on the fund and the way it's grown over the last five years. There are ample dollars in the account. Accruing a larger and larger account isn't helping students.
The other alternative would be to have a pair of recipients, but we tend to get only five or six real applications. I would suggest that a higher amount for an individual may be the way to go.