The Niki Schaub Scholarship Fund is auctioning off an antique tractor to raise funds for scholarships for Wapakoneta FFA students.
The scholarship, which was established in 1991 in memory of Niki Schaub, a 16-year-old Wapakoneta FFA student who was killed in a traffic accident, is awarded each year, but the fund has since grown enough where three scholarships were given last year, one $1,500 scholarship and two $500 scholarships.
Schaub showed a market lamb for the Auglaize County Fair the year she died, and the $9,000 raised at the auction was donated to establish the fund.
Earl Schaub, Niki’s father, and his wife, Becky Schaub, donated the 1952 A.F. Avery Model R tractor for the auction.
“Every year we get about 20 to 30 applicants for the scholarships,” Earl Schaub said. “We have tried different things every year to raise money for the scholarship. The Wapakoneta Community Foundation handles the money for the account.”
Schaub said the foundation ordinarily invests money to keep the scholarship fund growing, but recent problems with the economy have limited the fund’s ability to earn interest. He said this led the couple to deciding to donate the tractor for the auction.
Schaub said 5,000 tickets were printed and will go on sale along with the FFA fruit sale beginning in October. Tickets also will be on sale by 4-H club members when they start meeting in March. The drawing for the tractor will be held Aug. 6 at 6 p.m. at the Auglaize County Fair.
Schaub is hoping the scholarship fund can grow to help offer opportunities to even more students in the future.
“Every single one of them deserves a scholarship,” Schaub said, “but there simply isn’t enough money to do that. We would like to get to the point where we are giving away five or six $1,000 scholarships every year.”