PM Scholarships

The Past Monarchs’ Scholarship Fund was proposed and outlined by Monarch Charles Jun of Al Sirat Grotto on January 16, 1965, to wit:

Beginning with Monarch Charles Jun, each Monarch shall include $2,000 of his budget to be contributed to the Scholarship Fund until the total sum reaches $10,000.

This amount shall then become the principal base of the Scholarship Fund and shall be held inviolate.

The interest derived from the principal shall become the basis of the grant or fellowship awards, and only this money shall be used solely for scholarship distribution.

The proposal was voted upon and approved by the body in attendance at the annual meeting of January 16, 1965.

The Scholarship grant is to supply financial aid to a student bent on furthering his education, who otherwise may find it a financial hardship.