Founded by wife Mary Rice and her children for students to attend St. John’s Catholic Prep.

Donald B. Rice was an athlete, business leader and public servant in Frederick County. In the 1940s, Mr. Rice opened Rice Tires, which began as a small rethreading business and expanded to include retail, wholesale and international sales. In the 1950s, Mr. Rice served on the Board of Aldermen and as Mayor. Mr. Rice’s wife and children established the fund in his memory. The fund provides scholarships to students to specifically attend Saint John’s Catholic Prep. Mr. Rice’s three sons had attended the school and, he credited the value of their private education as a major factor in the professional success his children went on to achieve.