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Williams Rockwell fund awards about $222,102 to Gardner schools this year
Summary
Mayor Nicholson reported trustees awarded roughly $222,101.96 in grants this cycle from proceeds of a Norman Rockwell painting sale; awards include classroom technology, trips and equipment across the district.
The Williams Rockwell Educational Gift Fund trustees approved this year’s grants totaling $222,101.96 to Gardner Public Schools, Mayor Nicholson said in a monthly update.
The fund originated from the sale of a Norman Rockwell painting that had been donated decades earlier; the painting sold for about $1.9 million and the principal has since grown to roughly $2.7 million, the mayor said. The fund distributes up to 90% of annual investment income as grants while retaining at least 10% to…
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