How the Deerwood Foundation’s 2020 Scholarship Funds
were used this year.
Due to the havoc that our Covid-19 summer caused when it was decided not to open Camp this summer the Deerwood Foundation immediately received quite a few calls and emails from the Deerwood community at large inquiring if there was something the Foundation could do to help Camp Deerwood out. The Board of Directors worked swiftly to draft a resolution that made the following possible:
This past winter The Foundation’s Scholarship Committee voted to award $125,000 toward camperships for the 2020 summer. This payment was scheduled to be transferred to Deerwood on June 1st to cover the Camp fees for 24 Deerwood boys, including five full-time campers, thus representing 29 half-session Deerwoodspots. By the end of June, the Foundation Board of Directors passed a resolution to still award the 2020 campership money to Deerwood as a pre-payment. The resolution stipulates that Deerwood will pay back the funds in the form of future tuition discounts or camperships, most likely two each year for the next 12 to 15 years. Please be assured that the funds donated in support of this year’s campers have been put to good use and will be paid forward, allowing boys next year and in the future to attend camp when they might otherwise not be able to afford it. This pre-payment has also been immensely helpful towards ensuring that Deerwood is able to meet its unavoidable 2020 expenses including maintenance, taxes and insurance. It has also allowedDeerwood to carry on traditions that help retain campers, such as mailing out 3rd-year fleeces and 6-year blankets. Thanks in part to this resolution, Deerwood will be in great shape and ready to welcome campers in 2021!
The Deerwood Foundation is appreciative of the support we have received in our previous 26 years and it we are pleased to be able to provide the needed financial support to Camp Deerwood so that the campers of the summers of 2021 and beyond will have a Camp Deerwood experience available to them! 😀