Greenwich Scholarship Association Doles Out $500K at Annual Awards Night 2018

The Greenwich Scholarship Association presented scholarships totaling over $500,000 to selected members of the Class of 2018. June 7, 2018

On Thursday night at Greenwich High School the Greenwich Scholarship Association presented the class of 2018 with scholarship awards totaling over $500,000.

Marie Hertzig, the president of the GSA Executive Board, said 2018 marked her 28th year as President of the Greenwich Scholarship Association.

She said the GSA is sustained through wise money management, no administrative costs, and a passion to participate in the future of promising graduates.

In the beginning, GSA was created as an endowment by the Charlton and Lyman-Reynolds families. Ms. Hertzig said that 46 years ago, in 1972 the GSA assets were $68,000. Today the GSA endowment has reached $6.5 million. Funding from the GSA source combined with support from the many sponsors allows GSA to make scholarship awards of over $500,000.

While all students who received scholarships were accomplished and deserving, some were called up on the stage more than once. Headmaster Dr. Winters explained that a total of over 400 envelopes were distributed, each containing a different scholarship award.

“When you see a student sneak a peak into their envelope, the certificate inside states the award and amount received. Every envelope represents scholarship money in various amounts, up to $5,000. No actual checks are being distributed tonight. One check for the total amount is sent to each student’s school over the summer,” Winters explained. “So, students if you change your mind on where you’re going to college, make sure to let GSA know.”

All the awards are unique, with some being presented to students for overall achievement, and others for meeting very specific criteria.

Winters noted that scholarship recipients are heading off to different schools, with varying tuition costs and are receiving different funding resources.

The all-volunteer GSA staff spends hundreds of hours following a process that determines how much goes to each student without impacting the financial package the student has received from their school.