The ACE Foundation in Bermuda concentrates its efforts where they’re needed the most — at home on the island of Bermuda.

The Foundation’s support covers a wide range of needs in Bermuda including, health care, human services, education, substance abuse, arts and culture and the environment. Through employee matching gifts and volunteer reward programs, educational programs and scholarships, and financial support of up to 75 registered charitable organizations per year, The ACE Foundation in Bermuda helps take care of its community. Since its formation in 1997 The ACE Foundation has supported many Bermuda-based charities and donated approximately $17 million to local causes and projects.

The ACE Foundation Mission

• To strengthen the community by utilizing our financial resources to actively address social, educational and other issues of community concern
• To strive to be consistent in our community support by contributing to those charitable organizations that are specifically focused on clearly defined needs and problems — such as the war on drugs, housing and care for the elderly, opportunities for youth, improving the environment, hospice care, the arts, culture and humanities, and others
• To match our employees’ charitable gifts to the community and to support organizations where our employees volunteer

ACE Foundation Educational Initiatives
Education is important to us. Our programmes, including the Robert Clements/ACE Scholarship, the Madeline Joell Nest Egg Fund, the ACE Careers Paths Initiative and the Duperreault Fellowship, all work towards a common goal of supporting Bermudians to reach for their career aspirations.

The Robert Clements/ACE Scholarship
The Robert Clements/ACE Scholarship, enables us to support students interested in pursuing careers in the international insurance industry. It offers Bermudian students the opportunity to study for undergraduate or graduate degrees in insurance, risk management or actuarial science as well as other disciplines related to the insurance industry including accounting, corporate law and economics. Established in 1996, the Robert Clements/ACE Scholarship offers an annual fully-funded, four-year scholarship at accredited overseas universities. For more information, contact acefoundation@ace.bm or see the application form.

The Madeline Joell Nest Egg Fund
The Madeline Joell Nest Egg Fund was established in the memory of its namesake, who served as the Vice President of Marketing at ACE Bermuda when she died suddenly in 1999. The Foundation provides funds to all of Bermuda’s public primary schools of up to $10,000 per year to fund programmes promoting academic excellence in the core disciplines of language, arts, mathematics, science and social studies. For more information, contact acefoundation@ace.bm or see the brochure and application form.

The Duperreault Fellowship
The Duperreault Fellowship endowment was created through donations from the Duperreault Family and The ACE Foundation. It offers an annual scholarship for individuals working in Bermuda’s alcohol and drug prevention and treatment service. Funding is available for health care administrative and clinical leadership training programmes.

Duperreault Fellowship information packs and application forms can be obtained from The ACE Foundation at the contact information below. You can also view and print electronic Duperreault Fellowship information sheets and Duperreault Fellowship application forms here.

Career Paths Initiative
In February 2005, the Foundation took a major step-up in our involvement with education, and in partnership with the Ministry of Education launched the ACE Career Paths Initiative (CPI). The CPI, which is designed to assist students to aspire to, and achieve, successful careers, allows the Foundation to focus on our goal of making a significant impact on a community challenge.

The CPI was designed with three components:

• Aspiration – developing programmes in the public middle schools that encourage students to begin considering career choices.
• Awareness – working with community partners to expose students to the many career choices, including an annual Career Fair at Bermuda College.
• Access – a student loan programme designed to assist students with financial need. Butterfield Bank issues the loans, while the Foundation supports the interest on the loan until a year after the student graduates.