Since 1953 the Ensign Joseph Sherwood Mayo DeMolay Loan Fund has helped worthy DeMolays, Job’s Daughters, Rainbow Girls and Master Masons achieve an education of their choice, in California, which through lack of funds, would not otherwise have been available. Maximum loans (up to $4,000 per year) are determined each year by the Board of Trustees. Over 1,500 DeMolays, Job’s Daughters, Rainbow Girls and Master Masons have taken advantage of the financial opportunity provided by this fund. Loans are repayable, without interest, following graduation or any termination of their education, or seven (7) years, whichever comes first. Loans for graduate work and trade schools are also available.
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