“My dad could do just about anything in the technology field and he worked in the industry for many years, but he always told me that his lack of a college degree held him back and limited his opportunities, and he was adamant that I get that piece of paper, regardless of what I wanted to do as a career.” said David Ferreira, founding donor of the fund.
“I decided that creating the Francis S. Ferreira Scholarship Fund at the Community Foundation was a great way to honor his memory and help people learn more about him. He was a New Bedford Voc-Tech graduate, he loved the school and gave a lot of his time and expertise on their Advisory Board. That’s why his scholarship fund will help graduating seniors and recent graduates of Voke pursue technology and engineering degrees. I wanted a way to help kids and keep my dad close to me, and the Community Foundation has helped me to do just that.”
NEW BEDFORD — The Acushnet Foundation has donated $8 million — believed to be the largest single gift to a public charity in Greater New Bedford — to the Community Foundation of Southeastern Massachusetts. With the gift, the Community Foundation’s assets more than double, from $6.2 million to $14.2 million.
The $8 million gift will establish the Acushnet Foundation Fund, which will be managed by the Community Foundation and advised by the board of the Acushnet Foundation.
The money will continue to fund activities “that involve youth, health, education, as well as supporting nonprofit organizations that work to control excessive use of drugs and alcohol, those involved with fighting violence and crime and those that help disadvantaged children and adults to develop skills for a better life,” said Acushnet Foundation trustee R. William Blasdale.
“By donating the Acushnet Foundation’s assets to the Community Foundation, we are ensuring that Greater New Bedford will be well served into the future,” said Richard B. Young, a trustee of the Acushnet Foundation. “I am very happy to celebrate a transition that I feel will be beneficial to the Community Foundation, the Acushnet Foundation and, more importantly, the Greater New Bedford community.”
The fund will also support cultural activities, promote better and fiscally sound government, and those efforts that safeguard the environment, according to Mr. Blasdale.
The Acushnet Foundation was formed in 1953 as a separate charitable arm of the Acushnet Co., the longtime local manufacturer of Titleist golf balls and golf equipment. The Acushnet Foundation has supported a number of the area’s best-known charities and nonprofit groups.
This story appeared in full on Page A1 of The Standard-Times on June 24, 2005.
Since then, the Fund has grown through private contributions and is still very much guided by a five-person committee of locals – seasonal and year-rounders – who share those deep connections. This fund represents the abiding spirit of connection that a specific geographic location can bring to such philanthropy – with an eye toward complimenting civic investment and a desire to invest in very grounded opportunities to improve the quality of life on the islands, with a focus on education, technical training, health, housing, recreation, historic preservation and the environment.
Recent grants funded a golf cart to assist medical professionals on Cuttyhunk and helped protect the Islands’ precious ecosystem.