YMI Educational Foundation
History and Purpose
The YMI Education Foundation was incorporated on March 12, 1958 for the express purpose of receiving donations to support annually the education of our fellow deceased memberís children. Recently a Matching Fund and a College Scholarship Program for Councils was added, which is intended for children and grandchildren of living Members maintaining active status. The Scholarship is subject to change year-to-year / fund permitting.
The Foundation's Board of Directors is composed of respected YMI members whose respective professions encompass the legal, investment, and administrative disciplines to manage the funds. The twelve directors elected from the YMI membership at large includes three Grand Officers to serve and direct the Foundation. Click here to view the by-laws.
Your support through gifts of prayer for deceased loved-ones and Memorable Masses help to educate our children and subsequent YMI generations.
Actions Done by the Board of Directors
Since its inception, the Foundation has given tuition help to over 475 children, with spending to date of over $522,000.
The Foundation has instituted a Matching Funds Program with all the Councils to help facilitate scholarships to students of their Councils up to a maximum of $500 per Council (subject to participation and funds available each year). As of May 2017, the program is called the "Frank Pignati Matching Funds Program". Click here for information to apply for the Matching Fund program.
The Foundation may award a College Scholarship Program when funds are available - on a year to year basis. It is for a son, daughter, or grandchild of a living, active Member. The scholarship program is not being offered at this time.
Any type of charitable gift in the form of cash or bequeaths are urged and always accepted. All are tax deductible.
Current Benefits Paid to Children of Decreased Brothers
The benefits paid to children of decreased Brothers are currently set as follows: