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. In 2013 the program was redesigned to support students pursuing degrees in the global investment management industry during their junior and senior years of college. Blackwell Scholars will be provided with two years of scholarship support, a mentor from a NICSA member company, and access to career networking and internship opportunities.


Bill is remembered for not only his long career at State Street Bank in Boston and a President of NICSA, but for the honesty and integrity that he displayed in his personal and professional.


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 and ensures that applicants are selected without regard to race, color, creed, religion, sexual orientation, gender,


Scholarships will be awarded to rising juniors (third-year student) and will normally range in size from $3,000 - $5,000 per year. However, maximum size of awards may be higher and will be determined annually based on number of applicants and funds available for disbursement. Scholarships are renewable for up to two years (pending receipt of renewal application and compliance with renewal expectations). The value of the individual scholarships will be determined by TPI based on each student’s financial aid package and their family’s ability to contribute toward educational expenses.

Recipients will each be paired with a mentor from a NICSA member firm to help them prepare for a career in the global investment management industry. The program will also work to provide scholars with access to internship opportunities at NICSA member firms.

There will be no limitation to the number of awards granted to children of any member company and no correlation between number of award and amount of dollars contributed by any company.


Applicants to the William T. Blackwell Scholarship Program must be:


  • Dependent children of full-time employees of NICSA and member companies as of the April 25 application deadline. (Children are defined as children, stepchildren, or legal wards supported principally by the employee parent/guardian).
  • Students currently enrolled in full-time study leading to a baccalaureate degree at an accredited four-year college or university who are rising Juniors or third-year students (have completed or will complete two full years of undergraduate course-work by Fall 2017).
  • Pursuing a degree in a field related to the global investment management industry (meaning any field of study that could lead to a career in the industry, such as finance, accounting, business, information technology, computer science, communications, etc.)


Interested students must complete the online application and submit all required attachments no later than Tuesday, April 25, 2017. Official transcripts must be received at TPI by the application deadline.




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 late June 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 two years of scholarship support pending successful fulfillment of renewal requirements.



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