It’s no secret that a scholarship can change the life of a young person, and three new such funds established in October at Essex County Community Foundation—Nancamp, JEOL USA, Hamilton-Wenham Friends of the Arts—now offer area youth increased opportunities for recreation, education, and artistic development.
Nancamp, an all-volunteer organization that has sponsored more than 500 scholarships for children dealing with cancer to attend summer camps, converted their nonprofit into an ECCF fund to continue honoring the legacy of Nancy Errera Bostley. The Nancamp Fund now entrusts ECCF to manage its grants and investment administration so that the Marblehead-based Nancamp leaders may focus their attention on strengthening partnerships with local camps and families.
JEOL USA, a Peabody-based supplier of electron equipment, established a corporate fund to provide scholarships for dependents of JEOL USA employees. A leading global supplier of electron microscopes, ion beam instruments, and mass spectrometers, the JEOL USA Families Scholarship Fund provides scholarships for educational purposes.
The Hamilton-Wenham Friends of the Arts Reserve Fund supports fine arts programs in the Hamilton Wenham School District. Specifically, the Hamilton-Wenham Friends of the Arts assists students and arts faculty across the creative disciplines of vocal and instrumental music, theater, and the visual arts through financial support and volunteerism.
“We’re excited about each of these new funds because they reflect ECCF’s commitment to collaborating with organizations that really do improve the quality of life for all of us,” said Jay Caporale, executive vice president and director of philanthropy.
Last year, 22 new donor advised funds, including general interest, family and scholarship funds, increased ECCF’s assets under management to nearly $26 million.