Three Trustees oversee the Trust’s activities: Stephen Molis, James D. Molis and Christopher Molis, Uncle Al’s son. The Trust’s assets are managed by Vanguard Investments.
The Trust is governed by the trustees, who make decisions on how much is to be dispersed to students in each calendar year. Students need to provide information to the Trustees on their education plans and expected costs for the upcoming year. A sample letter that applicants should follow is available by clicking here: Sample Letter.
For students starting a new program, the initial letter should include background information on the college and the degree program. The Trustees will evaluate your request, along with all other requests for the year, and make a determination as to how much assistance can be provided to for the year and how it is to be distributed to each student.
The Trustees evaluate the financial state of the Trust each year to determine how much money will be available for distribution. The current policies are listed here: Awards Page.
Award limits are subject to change each year based on the condition of the trust and the amount of awards requested. Therefore, Trustees cannot guarantee that applicants will receive the same award amount in future years. Policies also may change.
Trustees will evaluate the Trust’s award guidelines at the end of each year and revise as necessary, keeping the long-term goals of the trust in mind. As such, the level of assistance may go up or down.
Good luck and study hard.