SPRINGFIELD — Chicopee Savings Bank Charitable Foundation recently pledged to establish an endowed scholarship available to undergraduate students at Western New England University. With a commitment of $50,000, a scholarship of $2,000 will be available annually beginning in the 2018-19 academic year.
The Chicopee Savings Bank Charitable Foundation created the scholarship to support students in local communities. The scholarship will provide financial assistance to inbound students in pursuit of higher education who demonstrate exemplary scholastic achievement, drive, and integrity, and who meet the following criteria: a U.S. citizen and resident of Agawam, Chicopee, Holyoke, Ludlow, South Hadley, Springfield, Ware, West Springfield, or Westfield who demonstrates financial need and is an incoming freshman with a high-school GPA of 3.5 or higher, or a transfer or returning student with a cumulative GPA of 3.5 or higher. The scholarship is renewable each year the recipient continues to meet the criteria.
“Scholarship aid is among the highest funding priorities at Western New England University, and we are thrilled to have this new award established by our neighbors and friends at the Chicopee Savings Bank Charitable Foundation,” said Anthony Caprio, president of Western New England University. “Providing financial assistance helps ensure that students are able to concentrate on their studies and focus on their futures more clearly.”
In April 2016, it was announced that Chicopee Savings Bank would merge with Westfield Bank to form the largest bank headquartered in Hampden County. Both banks now do business under the Westfield Bank name, but the Chicopee Savings Bank Charitable Foundation remains in place with its original philanthropic mission.