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The ACE Foundation - Bermuda concentrates its efforts where they’re needed the most — at home on the island of Bermuda.
The Foundation’s support covers a wide range of needs in Bermuda including, health care, human services, education, substance abuse, arts and culture and the environment. Through employee matching gifts and volunteer reward programs, educational programs and scholarships, and financial support of up to 75 registered charitable organizations per year, the ACE Foundation - Bermuda helps take care of its community. Since its formation in 1997 the ACE Foundation has supported many Bermuda-based charities and donated nearly $20 million to local causes and projects.
Foundation Grants
The core of the Foundation’s work in the community is the ongoing support of charities in Bermuda that focus on a wide cross section of needs throughout our community. In February of 2009 the Foundation will be launching our new grant application form designed to assist charities to focus on setting attainable goals with expected outcomes. The Foundation will place a strong emphasis on those charities that are able to clearly demonstrate these assets as well as a focus on social needs. The Foundation staff is available to assist charities through the application process. Click here for the ACE Foundation grant application form.
ACE Foundation Mission
The ACE Foundation's mission is to strengthen the community by utilizing our financial resources to actively address social, educational and other issues of community concern
The ACE Foundation carries out its mission by:
§ Focusing its charitable giving on clearly defined projects and programs with measurable objectives and outcomes that address the areas of education, the environment, and human services and help to enhance the vibrancy of the community.
§ Providing ACE employees with volunteer and philanthropic opportunities where they can contribute their time and expertise as well as financial support to the community.
ACE Foundation Career Paths Programmes
Education is important to us, The ACE Career Paths programmes includes, the Robert Clements/ACE Scholarship, the Madeline Joell Nest Egg Fund, and the Duperreault Fellowship, which all work towards a common goal of supporting Bermudians to reach for and attain their career aspirations.
The Robert Clements/ACE Scholarship
The Robert Clements/ACE Scholarship, enables us to support students interested in pursuing careers in the insurance industry. It offers Bermudian students the opportunity to study for undergraduate or graduate degrees in insurance, risk management or actuarial science as well as other disciplines related to the insurance industry including accounting, corporate law and economics. Established in 1996, the Robert Clements/ACE Scholarship offers an annual fully-funded, four-year scholarship at accredited overseas universities. For more information, contact acefoundation@ace.bm or see the application form.
The Madeline Joell Nest Egg Fund
The Madeline Joell Nest Egg Fund was established in the memory of its namesake, who served as the Vice President of Marketing at ACE Bermuda when she died suddenly in 1999. The Foundation provides funds to all of Bermuda’s public primary schools of up to $10,000 per year to fund programmes promoting academic excellence in the core disciplines of language, arts, mathematics, science and social studies. For more information, contact acefoundation@ace.bm or see the brochure and application form.
The Duperreault Fellowship
The Duperreault Fellowship endowment was created through donations from the Duperreault Family and the ACE Foundation. It offers an annual scholarship for individuals working in Bermuda’s alcohol and drug prevention and treatment service. Funding is available for health care administrative and clinical leadership training programmes.
Duperreault Fellowship information packs and application forms can be obtained from the ACE Foundation at the contact information below. You can also view and print electronic Duperreault Fellowship information sheets and Duperreault Fellowship application forms.
The Duperreault Fellowship online short form applies to those candidates seeking professional development and training described below. Applications can be made at any time during the year as long as proper notice is given prior to the commencement date of the requested course. Support for these courses will depend on availability of funds. A successful candidate for the type of course described below will not be referred to as a Duperreault Fellow.
Other Areas of Support
The Committee may also consider offering financial support for other areas of educational opportunities should funds be available following the selection of Fellows each year.
· Specialized professional individuals may apply for financial assistance for continuing education units (CEUs) from an accredited institution, or for professional development from a nationally approved provider that will offer CE credits in the area of specialty. The licensing organization would need to confirm that the specific course was an accepted CEU.
· The Committee may consider financial assistance for agencies organizing professional workshops.
Career Paths
In February 2005, the Foundation took a major step-up in our involvement with education, and in partnership with the Ministry of Education launched the ACE Career Paths programme. This programme combined all of our education related projects with the ultimate goal of making a significant positive impact on the number of students who are not able to reach their true potential.
The ACE Student Loan Project:
- One of the components of the Career Paths programme was the introduction in 2005 of student loan, a one time offer, which provided opportunities more than 90 students to achieve post secondary school education in the United States, Canada and other parts of the world. The ACE Foundation – Bermuda supports these loans, issued by Butterfield Bank, by paying interest until one year after graduation when the students begin their loan payments. Many students have now graduated and have begun to take their places within the Bermuda workforce.
The ACE Foundation – Bermuda Annual Career Fair
Another of the programmes launched in 2005 was the annual student Career Fair , designed for all high school and senior middle school students. Working with the Ministries of Education and Labour and Training, The Foundation took a leading role in reformatting the Career Fair at its new location, the Bermuda College. Some 55 companies and organizations man 80 + booths which expose the students to the many career opportunities in Bermuda. Each year an average of 2,500 students (approximately 25% of all students in Bermuda) attend the event which has received Government recognition. This major annual event, led by the Foundation was only possible because of the tremendous financial support from both the public and private sectors and numerous community volunteers.
The Career Paths programme speaks to The Foundation’s commitment to the students of Bermuda and a strong belief that Bermuda will continue to succeed when our young people are able to rise to the peak of their potential. www.careerpaths.bm
Employee Programmes
The Foundation also encourages ACE employees to support the community through its internal programmes. We were extremely delighted to launch a third programme in 2007 to celebrate the Foundation’s 10th anniversary.
Employee Matching Gifts Programme
The Foundation’s Matching Gift Programme matches up to $5,000 of employees’ personal donations to recognised charities around the world per year.
A Gift for Time Programme
The Gift for Time Programme supports employee volunteerism by donating $500 towards any charity where an ACE employee has volunteered a minimum of 25 hours a year. A further extension to this programme has been made with a total of $1,000 awarded to a charity where an employee volunteers for 50 hours or more. A smaller grant of $200 can also be awarded to a charity where an ACE employee has volunteered for more than 10 hours during the year
Employee Volunteer Programme
This new employee programme was launched by the ACE Foundation - Bermuda in June 2007 to commemorate our 10th anniversary of supporting the Bermuda community. It is designed to support our employees’ volunteer pursuits by enabling them to spend 8 hours per year, during work time, to participate in community volunteer programmes.
The ACE Foundation plans to continue its commitment to the Bermuda community in 2009. We thank our many community partners and ACE’s Employees for their volunteer support. We would also like to thank and encourage the charities in Bermuda for their dedication and commitment to ensuring a vibrant and secure future for our island home.
Contact Information
ACE Foundation - Bermuda
Ralph Richardson, Executive Director
Erin Field, Programme Manager
ACE Building
17 Woodbourne Avenue
Hamilton HM08
Bermuda
Mailing Address
PO Box HM 1015
Hamilton HM DX
Bermuda
Telephone: (441) 295-5200
E-mail: acefoundation@ace.bm
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