Scholarship Time at Community Foundation of North Central Massachusetts

 

It is that time of year again for North Central Massachusetts guidance counselors and students in our schools, to think about scholarships that may be available to you. We, at the Community Foundation of North Central Massachusetts (CFNCM), are always touched by the success stories that students have shared with us.

It is an honor to be a recipient of the Fitchburg Public School Educational Foundation Scholarship, as it has helped me succeed in my first term at my college. I am a declared mechanical engineering major and completed the first semester with a 3.90 GPA. I truly thank you for investing in me and allowing me to expand my education in vast and exciting ways.”

- Anonymous Recipient of the Fitchburg Public School Educational Foundation Scholarship

 

When you establish a scholarship fund at the Community Foundation, you are investing in our community’s future. The Community Foundation of North Central Massachusetts manages over 170 funds, which includes 33 scholarship funds. By working through the Community Foundation, scholarship fundholders have access to numerous benefits. You determine the criteria students must meet to receive the scholarship you establish.  

In 2018, scholarship funds distributed $131,557 to 170 students in North Central Massachusetts. The CFNCM presently has 38 established scholarship funds totaling $5.5M.

Setting Up a Fund: Applying for tax exempt status is a costly and timely endeavor, and requires annual reporting to state and federal agencies. At the Foundation, we can eliminate these costs and filing requirements for you.

Solicit Donations: In addition to your usual fund raising activity, the Foundation provides you with marketing support, including online access, advertising on our website and in our annual report, and a tax receipt letter for all gifts over $250, saving you additional time and expense.

Responsibility: The Internal Revenue Service has guidelines that need to be followed to assure that the Scholarship Fund is in compliance. You can rely on the expertise of our staff to ensure these guidelines are met.

Scholarship Awards: The Foundation will submit a letter of award to the individual, and release the funds once we receive confirmation from the college where the student(s) are registered.

Reports & Fees: We provide quarterly reports for each scholarship fund detailing the contributions received. To cover the cost of services described, 1/12th of 1% of the market value of your fund is charged on a monthly basis.

 

To learn more on how to create your own Scholarship Fund, 
click the button below.

 

 

About the Community Foundation of North Central Massachusetts

The Foundation supports the community by giving grants and distributions in the areas of health and human services, education, environment, animal welfare and arts and culture. We are a nonprofit organization, dedicated to helping donors establish permanent endowment funds---benefiting the community forever and creating a lasting legacy for our fundholders. 

Please be sure to visit our Website, and like our Facebook page.

Helping donors do good work… FOREVER


 







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