Current Program Guidelines

A scholarship within the Boston Foundation.


The Nicsa/William T. Blackwell Scholarship Fund was established as a tribute to Bill Blackwell’s commitment to education and to recognize outstanding students of the Nicsa family with financial and social support for postsecondary education. Blackwell Scholars receive up to four years of scholarship support, a mentor from a Nicsa member company, and access to career networking and internship opportunities.

Bill is remembered for his long career at State Street Bank in Boston and as a President of Nicsa, and also for the honesty and integrity that he displayed in his business and personal life. 

Working together with The Philanthropic Initiative, the Boston Foundation assures that the intent and spirit of Nicsa and William T. Blackwell will be carried out and maintained.

One of the oldest community foundations in America, the Boston Foundation, is a public charity that provides support for nonprofit organizations.

The Philanthropic Initiative, a division of The Boston Foundation and manager of various scholarship programs for corporations, foundations, associations, and individuals, administers The Nicsa/William T. Blackwell Scholarship Fund ensures that applicants are selected without regard to race, color, creed, religion, sexual orientation or gender.


  • Create substantial impact for students with financial need
  • Raise aspirations and help students to succeed through college and beyond
  • Support a new generation of professionals as they prepare to enter the workforce and contribute to our global community


  • Renewable scholarship providing up to four years of support for postsecondary education
  • Up to $5,000 per year, depending on financial need
  • Eligibility requirements:

           - Children of full-time Nicsa member company employees
           - Planning to enroll or already enrolled in a full-time course of study leading to a
             baccalaureate degree at accredited four-year college or university
           - GPA of at least 3.0 for renewal
  • Criteria considered for selection include evidence of:

           - Ability and motivation to achieve in college – including strong academic record or evidence
             of significant improvement over time
           - Leadership qualities
           - A balance of school, community and work activities
  • Multiple new scholarships awarded per year


  • Each Scholar is paired with a volunteer mentor from a Nicsa member company.
  • Mentor pairings are ideally for the Scholar’s entire tenure in the program.
  • Mentoring will focus primarily on professional development, though mentors can provide many types of support (e.g., helping Scholars develop resumes and cover letters, providing tips   and advice for searching for internships and jobs, networking).


  • Access to Existing Opportunities – Blackwell Scholars who are rising seniors are eligible to apply for summer internships at NICSA member companies, primarily through existing paid internship opportunities.
  • Mentor Support in Securing Internships – Blackwell Scholars mentors focus some of their interaction with Scholars on securing valuable summer and work experiences (inside or outside of Nicsa member companies). Roles can include making connections within the mentor’s own work place, helping with resumes and internship/job searching, and conducting mock interviews.

other supports

As the program evolves, it will look to support Blackwell Scholars in other ways such as social networking, job shadowing, career networking, and job placement support.


The application for the 2019-20 William T. Blackwell Scholarship is now available. The deadline to submit is May 10, 2019.



Applicants are responsible for gathering and submitting all necessary information. Applications are evaluated on the information supplied; therefore, it is important to answer all questions as completely as possible.


All information received is considered confidential and is reviewed only by TPI.

Selection of Recipients

Scholarship recipients are selected based on the following:

  • Ability and motivation to achieve in college – including strong academic record or evidence of significant improvement over time
  • Demonstrate leadership and a balance of school, community and work activities
  • Statement of goals and aspirations
  • Unusual personal and/or family circumstances
  • Outside appraisal
  • Financial need

Selection of recipients is made by TPI. All applicants will be notified in mid-July each year whether or not they have been selected.

Payment of Scholarships

TPI will submit payment of scholarships directly to the institutions of higher education in two equal installments by August 15th and December 30th.

Recipients are eligible for four years of scholarship support pending successful fulfillment of renewal requirements.



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