The Lorne Ferley Scholarship may be awarded annually to a worthy graduating Grade 12 student of Teulon Collegiate Institute, pursuing studies in a Faculty at the University of Manitoba, Winnipeg, Manitoba. The Scholarship is a tribute to Teulon Collegiate Institute for service to the community since its founding in 1917. Lorne Ferley is a member of the 1952 graduating class.

The deserving student is to be selected by staff at Teulon Collegiate Institute. Funding for the Scholarship will be provided annually by the Lorne and Irene Ferley Endowment Fund managed by the Interlake Community Foundation Inc. The recipient will receive a letter that advises that the award is tenable at the University of Manitoba.

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