Cambridge Foundation Funds
The Cambridge Foundation has many funds dedicated to the improvement of the Cambridge community. Since 1981, the funds have provided over 5 million dollars in donations, community improvements, grants, scholarships and more for the betterment of your home town.
Our major funds include the Amundson Trust, the General Fund, the Hoeven Fund, the Mary Lien Anderson Fund, the Melster Fund, and the High School Scholarship Fund.
Mr. and Mrs. Amundson left the bulk of their estate to the Cambridge Foundation to be used, as the board determines, for the benefit, improvement and beautification of the Village of Cambridge and surrounding communities in such manner as the Board of Directors of said Cambridge Foundation determine.
The current A.R. Amundson Trust contains over $1,300,000.00 for the benefit of the Cambridge Community. "Irene's Trust", known as the Cambridge Investment Agency account, contains $1,000,000.00 for the benefit of our community.
The General Fund is one that supports various miscellaneous grant requests, special Cambridge School District programs and the Southern WI Regional Food Pantry. This fund roughly contributes $10,000 a year directly into the Cambridge Community for improvements, purchases and grant requests.
Recent contributions have gone to:
Cambridge-Deerfield Community Players theater group
Badger Boys State participants
Cambridge Food Pantry & Resource Center
Ripley Park maintenance
Village of Cambridge for community expansion
The Frank Hoeven - Lake Ripley Fund is to be an endowment-type fund. The fund is designed for improvements to Lake Ripley and the Lake Ripley Park.
Mr. Hoeven, a retired machinist and active Mason and Shriner at the time of his death on October 18, 1994, was the brother of former Cambridge resident Ruth Tost, and Dorothy Prante. Although a resident of Illinois, he enjoyed the years spent at his cottage on Lake Ripley.
Mr. Hoeven's love of Lake Ripley lives on through his generosity of a permanent fund to benefit Lake Ripley in perpetuity.
Mary Lien Anderson Elementary School Fund
The Mary Lien Anderson Elementary School Fund (MLAESF) is an endowment-type fund. This fund is designed to address both short-term and long-term needs of the Cambridge Elementary School. The fund is used to provide programming, books, and other items that cannot be funded through the school's regular budget. This fund is not designed for normal operating expenses of the school.
Mary Lien Anderson was a teacher for 43 years, 30 of those years were spent in the Cambridge School District. She began her teaching career in the one room Smithback Schoolhouse, where she taught all eight grades. In 1962, Mary moved to Oak Creek, WI, where she taught first grade. Mary completed her teaching career by coming home to teach in Cambridge in 1976 and then retired in 2001.
Annually, or as needed, a committee, made up of elementary school teachers, make gifting recommendations and/or grant requests to the Executive Board of the Cambridge Foundation. The Cambridge Foundation then distributes the income from the Mary Lien Anderson Elementary School Fund at least once each year to organizations that qualify as tax-exempt public charities and/or the Cambridge Public Schools.
The Melster Family Fund is an endowment-type to fund that is used to fund the Cambridge Food Pantry and Resource Center. This fund focuses on these special needs in the Cambridge community.
In the summer of 1947, while the Cambridge Chamber of Commerce was planning the village's centennial celebration, Arthur E. Melster and A. R. Amundson summoned 30 area businessmen together to form an organization that would "associate together everyone interested in the future of the community, and to provide a program of improvement and to bring about its realization." The Cambridge Foundation was formed and designed to receive gifts from "former, present and future citizens" to help Cambridge shape its own destiny
Cambridge High School Scholarship Fund
Currently, the Cambridge Foundation manages approximately $100,000.00 in an endowment-type fund solely for high school graduates of Cambridge Public Schools. There is no better way to make our community a better place to live than by affording our High School graduates continued education. The recipients of this scholarship are always thankful for the opportunities provided to them by this fund.
Cambridge Foundation Scholarship
The Cambridge Foundation scholarship is designated for a graduating senior who has significantly volunteered his or her time to the community, performed community service and whose community service has made the Cambridge Community a better place to live. The $1,000.00 scholarship will be announced at the awards ceremony and the school will forward the scholarship funds to the recipient upon admission to post high school education. (minimum of 2 scholarships)
Rumpf Family Scholarship
The Donald and Grace Rumpf Family scholarship is designated for a graduating senior with a 2.5 or above grade point average, entering the field of nursing, to become a registered nurse, licensed practical nursing, nurses aid, etc. and who demonstrates compassion for individuals in need. When applying, the standard school application will be used and the financial need of the recipient will be factored into the selection by the Cambridge High School Scholarship Committee. The $500 scholarship will be announced at the awards ceremony and the school will forward the scholarship funds to the recipient upon admission to a post high school educational program. (minimum of 2 scholarships)
This scholarship is also available for high school students prior to graduation who are in need of funds to acquire a certified nursing assistant, or similar license, to help individuals in need.
Adas Family Scholarship
The Adas Family scholarship is designated for a graduating senior enrolling in a Trade, Technical or Vocational school. When applying, the standard school application will be used and the financial need of the recipient will be factored into the selection by the Cambridge High School Scholarship Committee. The $500 scholarship will be announced at the awards ceremony and the school will forward the scholarship funds to the recipient upon admission to Trade, Technical or Vocational school.
Phil and Paula Vasby Family Scholarship
The Philip and Paula Vasby family scholarship is designated for a graduating senior who will be attending a Christian-based university or college. The committee will consider a graduate with a foreign language emphasis and will consider the financial need of the recipient. The $500.00 scholarship will be announced at the awards ceremony and the school will forward the scholarship funds to the recipient upon admission to post high school education.