The Dracut Scholarship Foundation, Inc. Dollars for Scholars is a non-profit organization that works to raise money for scholarships for graduating students of Dracut High School. The Foundation was incorporated in 1959 and today is managed by a Board of Directors comprised of 22 volunteer members.  

Since it's inception the Dracut Scholarship Foundation, Inc. Dollars for Scholars has awarded over $1.7 million dollars in scholarships to almost 1,700 recipients.  The first two scholarships were awarded in 1957 and totaled $350.  In 2020, 47 scholarships totaling $143,500 were awarded.  A truly amazing legacy of commitment by the entire Dracut community to the mission of this Foundation.

What We Do....The Dracut Scholarship Foundation, Inc. Dollars for Scholars has three primary fundraising events which include the Annual Dracut Scholarship Foundation, Inc. Dollars for Scholars Craft Fair, the $10,000 Cash Give-Away Raffle, and the Annual Telethon.  In addition to these fundraising events, a key aspect of the Foundation's success is Memorials. Over 28 Memorial Funds exist today with another 5+ close to reaching permanency.  The funds from these accounts are invested and the yearly interest generated is key to annual scholarship funding. To learn more about Memorial Funds please visit the Memorial section of this site.

While the Dracut Scholarship Foundation, Inc. Dollars for Scholars is always seeking new and innovative means of fundraising to ensure the students of Dracut High School have the opportunity to receive assistance with the ever-escalating cost of higher education, what remains the mainstay of our fundraising efforts is The Annual Telethon.  In 2007 we hosted the 25th Annual Telethon, broadcasting live from Dracut High School. The Telethon fueled immense financial growth for the Foundation.  In 1980, 20 scholarships were awarded totaling $8000.  Just 10 years later, in 1990, 36 scholarships were awarded totaling $50,000 and in 2020, 47 scholarships were awarded totaling $143,500.  The Telethon remains key to on-going success of the Dracut Scholarship Foundation, Inc. Dollars for Scholars. The entire Dracut community continues to rally around this event each year.