Becker College Used Residual Assets for Record Donation

Wanjiru Waweru, Jadetimes Contributor

W. Waweru is a Jadetimes News Reporter Covering America News

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Image Source: Spectrum News

Worcester, Massachusetts – A disused college arranged to continue supporting students around the region with a recent donation to the Greater Worcester Community Foundation. Becker College, which managed in Leicester and Worcester before closing its doors in 2021, contributed the enormous donation in the Foundation’s history of $13 million.

Christine Cassidy, Chair of the Becker College Board of Trustees, addressed how the closed-down school was eligible to contribute.

“Fortunately through the sale of the college’s assets and properties in Worcester and Leicester and very careful management as the college was winding down, we were able to develop a fund of residual assets significant enough for us to make several gifts,” said Cassidy.

Becker College closed because of financial issues it asserted when COVID-19 disrupted it; however, Cassidy reported that with these assets maintained, the Board wants to keep the school’s legacy alive for a future generation of students.

Peter Dunn, President and CEO of the Greater Worcester Community Foundation reported alongside being the largest donation to the foundation, the money would support to development of its enormous scholarship fund.

“It will produce more than $400,000 in new scholarship awards each year, and will also create a really unique and distinctive prize for a student to be able to be funded to do a humanitarian project anywhere in the world,” said Dunn.

Cassidy reported that the humanitarian aspect of the scholarships in particular speaks to the mission of Becker College, and is hopeful to review the school’s legacy and continue successfully into the future.

“It had a focus on global citizenship, social entrepreneurism, and this humanitarian prize really allows that legacy to continue,” said Cassidy. “What we’ll look to do is work with local colleges to identify a student who is interested in pursuing some type of opportunity in global welfare and global citizenship and support them, it’s really a very exciting thing to do.”