The Fairmont Dollars for Scholars Chapter was established in 1974. Lester Baumann, then Superintendent of the Fairmont Schools along with other community people was instrumental in establishing the chapter. The headquarters for the parent organization, Citizen Scholarship Foundation of America (CSFA), was in Massachusetts. In the late 1970s, CSFA moved all operations to St. Peter, MN, which today is still the home base for the newly named organization, Scholarship America. The Fairmont’s Dollars for Scholars Chapter is one of the largest chapters in Minnesota. There are 130 chapters in Minnesota and over 1200 chapters in the US.
Listed below are names of past and current presidents of the Fairmont Dollars for Scholars Chapter:
| 1974 Les Bauman | 1984 Robert Hetzler |
| 1975 Elton Kuderer | 1985-88 Roy Cade |
| 1976 Cap Hegdal | 1989-91 Don Oberg |
| 1977 Patricia Gimm | 1992-94 Harlan Gorath |
| 1978 Dick VanderWaerdt | 1995 Cap Hegdal |
| 1979 John Teeslink | 1996-97 Don Oberg |
| 1980 Lois Jentz | 1998-99 Lois Jentz |
| 1981 Vance Scott | 2000-01 Larry Maday |
| 1982-83 Kim Schroeder | 2002- Sherwood Sagedahl |