Scholarships

Institution for Savings $20,000 Scholarship

Since 1820, we have been committed to positively affecting the lives of every person, business and organization within the communities we serve. As part of that commitment, we offer six scholarships annually in the amount of $20,000 each. Recipients must be graduating seniors from Amesbury, Beverly, Gloucester, Hamilton-Wenham, Ipswich, Masconomet Regional, Pentucket Regional, Newburyport, Rockport, Salem or Triton Regional High Schools.


Norman L. Quint Scholarship
(Ipswich High School students only)

We award four $1,000 Norman L. Quint Scholarships to graduating Ipswich High School seniors. These scholarships are named for Mr. Quint who retired from the former Ipswich Co-operative Bank in 1990 after 30 years of dedicated service. (The Institution for Savings and the Ipswich Co-op merged in 2007). His tenure included 19 years as Chairman of the Board. As a result of Mr. Quint’s vision, a school bank branch was established at Ipswich High School.

Patricia D. ("Pat") Connelly Scholarship

Pat Connelly was a lifelong native of Newburyport and a 38-year employee of the Institution for Savings who passed away in June of 2020. Pat was a 1964 graduate of Newburyport High School and was a true Clipper who embodied the spirit of kindness and believed in giving back to her community and others less fortunate than herself, a mantra she lived every day. In her honor and memory, the Institution for Savings will award one scholarship annually to a graduating Newburyport High School senior in the amount of $5,000.

  • Students must be ranked in the top 50 students academically in their class. If the school does not track class rank, the Guidance Department must determine whether the student is eligible to apply.
  • Students must apply and/or have been accepted for admission at an accredited college or university.
  • Students should demonstrate traits consistent with the Bank’s vision: having a positive effect on other people or his/her community through leadership, volunteerism, innovation, service and academic achievement.
 Complete the application and attach the following:
  • A copy of your high school transcript (indicating class rank or a letter from your guidance counselor confirming you are in top 50)
  • A copy of your FAFSA confirmation page that includes your Expected Family Income (EFC)
  • Autobiographical statement
  • Two completed essays (see Application)
  • Two letters of recommendation
Applicants must complete and submit the completed application and attachments by March 31st to: Institution for Savings Scholarship Committee, PO Box 510, Newburyport, MA  01950. Incomplete applications will not be accepted.
Students must be a graduating Ipswich High School senior who has applied to or been accepted at a two or four year college or university.
Applications are available in the Ipswich High School Guidance Office. Please complete and return to the School Guidance office or directly to the Institution for Savings Quint Scholarship Committee, PO Box 510, Newburyport, MA 01950. Applications are due by March 31st and incomplete submissions will not be considered.

When applying, please include:
  • Completed application
  • Copy of High School Transcript
  • Autobiographical statement
  • One Essay
  • Two letters of recommendation

The recipient must be a graduating senior from Newburyport High School and embody the spirit in which Pat lived her life: a true Clipper who embodied the spirit of kindness and believed in giving back to her community and others less fortunate than herself. Applicants must also be accepted for admission at an accredited college or university.

Complete the application and include the following:
  • A completed application
  • A copy of applicant's high school transcript
  • Autobiographical statement/essay
  • One letter of recommendation

Applicants must complete and submit the following to the Patricia D. Connelly Scholarship Committee, PO Box 510, Newburyport, MA  01950 by March 31st.  Incomplete submissions will not be considered.