Community Foundation To Administer Lux Trust
(07/29/2015) http://applause.blogs.ocala.com/16956/scholarship-fund-to-be-administered-by-foundation/ApplauseScholarship fund to be administered by foundationTuesday, July 14, 2015 at 4:26 by Susan Smiley-HeightThe Community Foundation for Ocala Marion County has announced that the Munroe Regional Health System District Board of Trustees has given the foundation the Paul Lux Trust Scholarship Fund to administer.The Lux Trust was given to Munroe Regional Medical Center upon the death of Paul Lux in 2005. The trust was established for scholarships for people pursuing careers as radiology or medical technologists, respiratory therapists, speech and language pathologists and midwifery. The current value of the trust is $311,000.Scholarship criteria and an application process will be established by the foundation. In accordance with the terms of the trust, all scholarship recipients must agree to use the training received to care for patients at Munroe Regional Medical Center for at least one year after completing their education/training.“We are honored to add the Paul Lux Trust and its scholarship legacy to our family of managed funds,” Founding Chairman Frank Hennessey stated in a news release.Hennessey noted that access to education and training opportunities in these key medical technology fields will stimulate job growth and provide critical skills training essential for quality medical care vital to the community.Administering the Lux Trust for medical technology scholarships is in keeping with the overall mission of the Community Foundation to serve as a – CONVENER – COLLABORATOR – CATALYST – for community building, the release noted.The foundation serves as a centralized portal for philanthropic giving and a unified voice for all local non-profit entities and the causes they champion.For more information about the Community Foundation for Ocala Marion County, visit www.ocalafoundation.org or contact Executive Director Barbara Fitos at 507-8116.