The named award is established by the I-500 Parking Committee to benefit a student who has successfully completed the LPN program and is accepted in the LSSU School of Nursing to pursue a bachelor of science nursing (BSN) degree. Proceeds are derived from the annual I-500 snowmobile race parking fees. The race is held the first Saturday in February in Sault Ste. Marie, Michigan. It is the collaborative efforts of this volunteer committee and its members that contribute to the success of the I-500 race. In 2012 the I-500 Parking Committee changed the award’s name to honor long-time I-500 Committee chair, Bud Clarke, who passed away in 2011.