501(c)(3) Endowed Scholarship Fund and Port Aransas Boatmen
Port Aransas Boatmen INC.
Port Aransas Boatmen Incorporated is a non-profit organization, made up of charter boat owners and operators dedicated to providing services to the community of Port Aransas, Texas, in the form of scholarships and youth related activities. Your participation in PAB sponsored events such as the annual Deep Sea Roundup makes these services possible.
About the Boatmen
In 1932, twenty-five charter boat and commercial fishermen formed what was known as the Boatmen's Association. The primary mission of the group was to protect their fishing waters, sponsor the Texas Tarpon Rodeo (now Deep Sea Roundup), and support community activities. Over the years, the old Boatmen's Association has undergone changes in both name and mission. Of prime importance in the mission of the PAB is the funding of scholarships for the youth of Port Aransas and surrounding areas.
Statement of Purpose
The Port Aransas Boatmen are incorporated and have obtained Sec. 501c(6) Nonprofit Organization Status.
The primary purposes of Port Aransas Boatmen, Inc. are to:
- Promote boating safety
- Promote good sportsmanship
- Promote conservation of natural resources and wildlife
- Foster and promote high standards in fishing industry
- Represent charter boat operators and recreational fishermen in legislative and regulatory issues which govern the fishing industry
- Provide financial support for community projects and scholarships
- Sponsor the Deep Sea Roundup (the oldest fishing tournament on the Gulf Coast)
Port Aransas Endowed Scholarship Fund 501(c)(3)
Scholarships
Awarding educational scholarships to graduating seniors has been one of Port Aransas Boatmens major community service initiatives for over 20 years.
Since 1992, over 150 students have been awarded over $200,000 in scholarship funds.
In 1997, Port Aransas Boatmen established four scholarship categories eligible for funding:
- Graduating seniors
- High school graduates seeking assistance
- Previous scholarship recipients seeking additional assistance
- Individuals pursuing academic endeavors which will lead to a license or certification
To ensure the integrity of the scholarship awards, Port Aransas Boatmen has established guidelines which spell out for what purposes the funds may be used, how the funds will be disbursed, and the grade point average that must be maintained by the recipient in order to access the funds.
Endowed Scholarship Fund
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.
An Open Invitation
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.
If you are interested in making a donation or becoming a Deep Sea Roundup Sponsor, Please click the shop button.