Acknowledging the high priority of the function of the awarding scholarships, the Port Aransas Boatmen membership voted unanimously in June 1997, to establish the Port Aransas Boatmen Endowed Scholarship Fund.
The fund has been established as a Sec. 501c(3) Nonprofit Organization. The purpose of the fund is to build a long term restricted fund allowing the interest and dividends to be used to fund scholarship awards.
The PAB provided start up funding for the Endowed Scholarship Fund with a $50,000 contribution. Along with the initial contribution came a commitment by the Port Aransas Boatmen
to invest funds on an annual basis to build principal. The ultimate goal of the Port Aransas Boatmen is to be in a position that would allow the awarding of scholarships to any students seeking assistance in the furtherance of their education.
The Port Aransas Boatmen continue to contribute to the fund to increase the educational opportunities for our young people today and for generations to come.
Educational accessibility is the cornerstone of the Port Aransas Boatmen Endowed Scholarship Fund. Your contribution to the fund ensures additional opportunities for individuals pursuing their educational goals. Payments made to Port Aransas Endowed Scholarship Fund will be used for the charitable purposes of that entity.
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