Lexington Acquires Three New Funds

LEXINGTON, MA — Lexington's Select Board recently accepted three new funds for the town. The funds will be administered by Lexington's Trustees of Public Trusts.

The first fund is The Dan H. Fenn Jr. Scholarship Fund. It was established by the Family and Friends of Dan Fenn. The scholarships are given to Lexington High School and Minuteman High seniors by the Lexington School Committee. The recipients must have an interest in pursuing further studies and or a career in Public Service or Political Science.

The second fund is the June Denk Memorial Book Fund, which was established by Edward Denk in memory of his wife and is to fund the purchase of books at the Lexington High School Library. June Denk was the first woman to receive a PhD in Chemical Engineering from Tufts University and worked at the Lexington High School Library while her children were growing up. The fund says that the books should give preference to but not limited to women’s issues.

The third fund is the Rappaport Family Debate Award which was established by James Rappaport. The recipient is to be chosen by a teacher or school administrator who is responsible for the Lexington High School Debate Team. The recipient must have demonstrated leadership qualities throughout their high school career as well as having exhibited community involvement within the town.

The Trustees of Public Trusts administer, invest and disburse the income of 316 funds valued at over $16,000,000 including two cemetery perpetual care funds and two library funds bequeathed or donated to the town for specific public purposes. All trusts exist in perpetuity and are used locally.