The fund has more than doubled in the time since its inception with eleven hundred dollars in 1985. In the interim, the principal and some gifts have accrued interest that has financed over 55 scholarships from 1985-2018. In March, 2009, management of the Fund was transferred from the Franklin Township Community School Corporation to the Franklin Township Education Foundation. The monies have been invested in the Central Indiana Community Fund as a separate program from the FTEF endowment.
Applicants must hold a professional certificate in elementary or secondary education and have five years of teaching experience. The following criteria will be the basis for selection: commitment to children, leadership potential, organizational skills, and personal and career goals. The graduate study may be accomplished at the college or university of the recipient’s choice as a part-time or full-time student.