The Bob and JoAnn Martinez Scholarship for the Arts will be provided as a gift to the recipient, intended to support their educational pursuits in practical arts majors. Recipients are encouraged to use the funds primarily for qualified educational expenses, such as tuition, fees, and required supplies.
Please note that while the scholarship is considered a gift and generally not taxable, recipients should keep records of how the funds are used for their own financial and tax planning purposes. It is advisable to consult a tax professional if there are any questions regarding potential tax implications.