BROOKSVILLE — The Bracken County School District recently received a $700,000 donation to provide scholarships to graduating students.
During a special meeting of the board of education, Bracken County Schools Superintendent Jeff Aulick said Donald and Lyda Claypoole left the money to the district in a will.
According to Aulick, interest from the money will be used to provide the scholarships.
“Our plans are to use the interest only and not have to touch the principle,” he said. “We’ll never see the end of the money. It’s something that will benefit the kids forever.”
According to Aulick, the scholarships will be given to students who want to pursue agriculture and technical programs.
“We want to offer scholarships for students with an emphasis in agriculture and vocational/technical careers,” he said.
He also said the interest should be able to provide at least 10 scholarships per year.
“We’ll give out a scholarship this year, in accordance to what the will says,” he said. “After we petition the courts, and we ask that we can give more scholarships based on the interest, more will benefit. There isn’t a scholarship out there that’s vocational/agriculture. It’s going to be a neat aspect. Some kids were asking what it could be used for. It can be used for tools, supplies. If I’m going into welding, equipment is expensive.”
Bracken County Board of Education Chair Greg Jones said he was excited for the students.
“It’s going to be a great plus for our kids,” he said. “There aren’t a lot of scholarships for that area of study, so this will help our students get off on the right foot.”
Charles Toleman, the executor of the Claypoole estate, said he was happy to hear about the donation, but was not surprised by the act of kindness.
“They were good neighbors to me,” he said. “Donnie had a shop, where he could make tools. He was a great help to me and a lot of other farmers in the community.”
Billie Scott, who was friends with Lyda Claypoole said she was surprised to learn of the donation, but was happy to learn it was going to help the students.
“I took care of her before she passed away, so I had to go find out what the will said,” she said. “I went in to the bank and when I found out what they had done, I cried. You never know what people have on their minds. She loved animals and a lot of people thought she might leave the money to an animal foundation, but she also loved kids.”
During the special meeting of the board, the tentative 2019-20 budget was presented.
The budget includes a beginning balance of $1.56 million, a general fund revenue of $9.94 million, a special revenue fund of $1.77 million, a building fund of $1.85 million and a food service fund of $1 million.
The board members also approved the creation of a curriculum specialist position.