The Scarsdale Foundation was founded in 1923 by a Declaration of Trust, in which several local banks joined to collect and administer a fund for the family of a Scarsdale police officer who had been killed in the line of duty. The Scarsdale Foundation was incorporated by an Act of the New York State Legislature in 1930. The Foundation now operates as a 501(c)(3) entity under the provisions of the New York State Not-for-Profit Corporation law, under authority of special legislation enacted in 2000 as a result of the good efforts of our then Assemblywoman, Audrey Hochberg, and our State Senator, Suzi Oppenheimer.
Over the years, the Scarsdale Foundation has extended the breadth of its giving. Financial aid is available to children attending the Scarsdale Recreation Department summer day camp. Need-based college scholarships are available to students entering their sophomore, junior, and senior years of college who were graduates of Scarsdale High School or resided in Scarsdale during their high school years. The Scarsdale Foundation also makes specific grants for civic purposes, including significant recent grants to the Scarsdale Volunteer Ambulance Corps and the Scarsdale-Edgemont Family Counseling Service.
The Scarsdale Foundation also administers a number of educational assistance funds, including the Casey Ferrone Memorial Fund, the Kathy Froelich Memorial Fund, the Delany Fund, the Corbin Scholarship Fund, the Dartmouth Fund, and the Harvard Book Award, as well as several community service funds, including the Frank J. and Ruth P. Galvin Fund, the Scarsdale School Personnel and Family Assistance Fund, and the Billy Safian Humanitarian Fund.
Thanks to the generosity of Scarsdale residents past and present, the assets of the Scarsdale Foundation have grown in recent years to approximately $2.4 million at the end of FY 2016-2017. In 2018, the Scarsdale Foundation awarded $130,500 in scholarship monies for the 2018-2019 school year.