The Wing Commander Albin Laut Military Memorial Bursary was created in 2011.

Albin Laut was born in 1916, the son of Mr. and Mrs. Frank Laut of Crossfield, Alberta. His father was a well-known rancher and MLA for Banff/Cochrane. Laut attended Mount Royal College in the 1930s, then transferred to the University of Saskatchewan where he earned an Engineering Degree in 1938. When Laut returned to Alberta, he married and enlisted with the Royal Canadian Air Force. Wing Commander Laut died on October 3, 1943, in the crash of Ventura aircraft while serving with the #113 Bomber Reconnaissance Squadron at Sydney, Nova Scotia. In 1948, Mount Laut, near the headwaters of the Athabasca River, was named in his honour.