Monies for the scholarship are derived from:
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proceeds from sales of the legacy book At Home in Tay Valley; the people, places and events in the history of Tay Valley Township
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donations by individuals, community groups and businesses (all donations of $20 or more are eligible to receive a charitable tax receipt)
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proceeds from the sale of 200th Anniversary calendar of the Perth Military Settlement
- income from the investment of the monies in the scholarship fund
As of September 2024, $72,600 resides in the scholarship fund, an amount that should permit the scholarship to continue in perpetuity.