The idea of a scholarship fund first came to Bob Paulson more than 60 years ago, when he was graduating Detroit Lakes High School. Although he himself enjoyed all the advantages of living in a city, in his words, “Not a single rural kid from our school could afford to go to college.”
Inspired by his mother’s commitment to the community, and education, Bob put himself through college and devoted his life to teaching in rural high schools. He and his wife, June, also spent time renovating houses and running a small antique shop.
After retiring, Bob and June began spending winters in Arizona, where they collected antiques to bring back to their shop and started a new business. At a time when Arizona banks refused to finance houses for out-of-towners, the Paulsons offered mortgage financing to snowbirds like themselves. Both these enterprises brought the Paulsons to a point of financial security where they began thinking about making their long-time dream of a scholarship fund a reality. [Read more…]