In the fall of 1969, ISWNE (formally ICWNE) added a bylaw to provide scholarships and other financial assistance for worthy scholars and newspaper editors. 

Later, to attract more people to the conferences, scholarships were provided to Golden Dozen members who had not attended a conference and first-time editors to off-set conference costs. Funds came from the various scholarships. A foundation was established to fund the scholarships and with proceeds from the annual silent auction.

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