Cabot Corporation created the Dudley Mullins/Cabot Corporation Scholarship Fund to honor long-time educator Dudley Mullins. The fund provides scholarships to graduating seniors from Williamstown High School, who attended Waverly Elementary for a minimum of one year and graduated from sixth grade at Waverly Elementary. Recipients must be planning to attend, full-time, a post-high school educational institution. Students must have carried a 2.0 grade point average and exhibited involvement in school and civic activities, academic achievement, and financial need.

Dudley Mullins was dedicated to education and to creating a positive environment for students. He spent twenty-seven out of his twenty-nine years in education at Waverly Elementary, performing various roles. In 1967, Mr. Mullins was hired as a sixth grade teacher at Waverly Elementary. Four years later, at Core Road Elementary School, he began teaching fourth grade, and in 1973, he returned to his former position at Waverly. Again, he taught sixth grade until he accepted the position of assistant principal at Williamstown and Waverly Elementaries in 1980. By 1989, he was principal of both and later became full-time principal at Waverly. In 1996, he took on two additional roles - physical education instructor and librarian. Mr. Mullins retired in July 1997. Mr. Mullins' hobbies include restoring antique vehicles and wood working.

In a newspaper article about the establishment of the scholarship fund, Janet Ingram, human resource representative at Cabot, noted, "When you say Waverly School, you think of Dudley Mullins." In addition to honoring Mr. Mullins for his dedication to education through this fund, Cabot Corporation also hoped to inspire students to stay focused on higher education.

Cabot Corporation is a global specialty chemicals and performance materials company. Cabot formerly operated its Ohio River Plant in Waverly, West Virginia.