TELLURIDE – The family and friends of Neil Armstrong and the Telluride Foundation have created a Neil Armstrong Scholarship Fund to honor the achievements and character of the late American hero and astronaut who died on August 25, 2012. New scholarships will be awarded each year to regional high school students pursuing a Bachelor of Science degree in science, technology, engineering or math (STEM) education. The selected students will receive a total commitment of $20,000, to be awarded $5,000 each year for four years, if the student maintained maintains a 3.0 GPA. A smaller $4,000 merit-based scholarship ($1,000 per year) may also be awarded, based on available funding.
A scholarship committee will select students from a pool of applicants from five regional school districts, including students from the Telluride, Norwood, West End (Naturita, Nucla and Paradox schools), Ridgway and Ouray schools, and will award one four-year scholarship annually based on essay, merit, and need.
“As Neil changed all of our lives as the first man to walk on the moon, we feel this scholarship will be life changing for young men and women, said Mike Armstrong, board member of the Telluride Foundation.
Annual scholarships will be funded from the interest income generated from a permanent endowment. The permanent endowment has been established by 12 founding families with initial gifts and multi-year pledges. The Foundation is also seeking pledges and gifts from individual donors to help build on the endowment founders’ gifts. For more information on the Neil Armstrong Scholarship Fund contact Paul Major at the Telluride Foundation at 970/728-8717 or visit telluridefoundation.org.