The purpose of the fund is to provide one or more annual scholarships to Argos High School seniors. The recipients shall be residents of Walnut or Green townships. The selection shall be made from eligible students who apply for the scholarships and the basis of determination shall be 20% grades, 30% character, and 50% need. Recipient must enroll and remain a full time qualified student in a college, university, or other institution of higher learning. The amount given will be left to the Dollars for Scholars committee to decide and the award will be given at the beginning of the second semester that they enter a school of higher learning.