1. To provide the most beneficial distribution of funds to the greatest number of deserving students.
2. To award such scholarships and assistance on the basis of financial need, academic achievement, and personal potential.
3. To raise money to provide qualified people with financial aid for post secondary school education.
4. To receive donations that are in harmony with the general purposes of the Corporation's Charter.
The Greenwoods Scholarship Foundation was incorporated with the assistance of the Northwestern Connecticut Chamber of Commmerce in January of 1975 with the following basic purposes:
Over the past several decades, costs for post-secondary education have escalated drastically. These rising costs, combined with attempts to cope with inflation, have made college costs expensive for families of all levels of income.
Many students would be denied the opportunity for advanced education if funds were not made available.