New scholarship fund for college bound Cape Cod students
DENNIS â?? Making good on his promise to launch an initiative to support college bound Cape Cod students Joe Signore, Chairman of the Cape Cod Foundation Board of Directors, kicked off The Chairmanâ??s Scholarship Fund during the organizationâ??s annual meeting held yesterday.
â??It is simply the right thing to do,â? said Mr. Signore after the meeting held at the Cape Cod Museum of Art in Dennis. â??No student who earns the right academically to attend an institution of higher learning should be denied that opportunity because they donâ??t have the money.â?
About 150 people including board members, supporters and founders of the organization attended the meeting.
Inside a gallery display of spectacular seascapes by renowned Provincetown artist Anne Packard, Mr. Signore celebrated the growth and success of the Cape Cod Foundation in 2005.
â??In our 16th year, more than $9 million was distributed to more than 130 organizations, 17 new funds were added, and $4 million in new gifts were received,â? he said.
Elizabeth Gawron, President of the Cape Cod Foundation, said the organization continues to grow in 2006 with additions of new family and business funds that have begun partnerships with the Foundation.
Ms. Gawron said other partnerships, like the Cape Cod Grantmakers Collaborative which includes the Cape Cod Foundation, the Cape & Islands United Way, the Kelley Foundation, the Bilezikian Foundation and the Cape Cod Healthcare Community Benefits program also help the Foundation to promote all that is good about Cape Cod.
Mr. Signore said distributions by the Foundation in 2005 included $150,000 in scholarships to 53 students as well as $350,000 in scholarship funds issued through the Cape Cod Association, an affiliate of the Foundation, to nearly 260 Cape students. He also reported that scholarships awarded in the spring of 2006 totaled more than $500,000.
However, a great many deserving students were turned down, not because they did not qualify, but because the Foundation and the Cape Cod Association ran out of money.
â??That is just a shame,â? said Mr. Signore an alumnus of Yale and retired CEO of Continental Baking Co., maker of Wonder Bread, Hostess Cupcakes and Twinkies. â??And it shouldnâ??t be so.â?
The Chairmanâ??s Scholarship Fund has been established to support unfunded applications for scholarships with a goal, says Mr. Signore, to someday never say no to a deserving student.
The Cape Cod Foundation is a charitable community trust established as a non-profit organization in 1989 to serve the people of Cape Cod by linking community resources with community needs. More importantly, the Foundation extends the reach of philanthropic dollars by pooling and investing funds to leverage more spending ability and provide a perpetual resource for the community.