The following criteria are estabished for the award:
* Recipient must be enrolled in a business education pogram. Priorty will be given the applicant who has an emphasis in accounting
* One scholarship will be awarded in the amount of $500 annually which will be credited to the recipient's account and may be used for tuition, fees and textbooks
* Recipient must complete the year of studyfor which the scholarship is awarded.
* Acknowledgement must be made, by letter, from recipient to the Thomas Family.