Since its formation in 1997, the ACE Foundation - Bermuda has played a significant role as a major philanthropic force in Bermuda. It has donated more than $20 million to local charitable causes, established the Robert Clements/ACE Scholarship, the Madeline Joell Nest Egg Fund, and the ACE/Bermuda College Education Award in addition to volunteer and matching gift programs for ACE employees. The Foundation's key initiatives include:
Charitable Grants
The core of the Foundation’s work is the ongoing support of Bermuda-based charities. The Foundation provides financial support to up to 75 registered charitable organizations per year, covering a wide range of needs. Learn more and download an application for a charitable grant >>
Educational Programs
The Foundation makes a significant investment in the development of Bermudians through its educational initiatives:
- Robert Clements/ACE Scholarship - The Robert Clements/ACE Scholarship provides financial support to Bermudian students pursuing careers in the insurance industry. Learn more >>
- ACE/Bermuda College Education Award - The ACE/Bermuda College Education Award of $15,000 is offered annually to a qualified graduate of Bermuda College to cover tuition and fees for up to two years immediately following Bermuda College graduation. Learn more >>
- Madeline Joell Nest Egg Fund - The Madeline Joell Nest Egg Fund is an annual grant of $10,000 per school awarded by the ACE Foundation - Bermuda to support Bermuda’s public primary schools in their pursuit of academic excellence. Learn more >>
The ACE Group also supports student development through the Summer Internship Program (SIP), as well as graduate and student employment opportunities. Learn more>>
Employee Programs
The Foundation encourages ACE employees to support the community through its internal programs: