For more than 30 years, WPI’s world-renowned program in fire protection engineering has been engaged in education and research aimed at solving real-world problems and making the world a safer place.
April Hammond-Berkol, a WPI graduate with degrees in mechanical and fire protection and who recently retired from Zurich Insurance Company as a risk engineer, created the fund with a $10,000 pledge. The Robert W. Fitzgerald Fund Challenge Fund will be a permanent endowment, which will secure its perpetuity by only allowing use of the interest and investment income of the fund and leaving the principal intact. Proceeds of the fund will be sent to the Proulx Scholarship Fund to help secure its principal endowment.
The return on the investment will be transferred to the Proulx Scholarship Fund until the principal amount of the fund reaches a minimum level of $62,000, an amount considered adequate to sustain a quality Proulx Scholarship award for the near future. The SFPE Foundation board of governors may adjust the amount of returns transferred from the Hammond-Berkol Fund if and when the minimum principal required for the Proulx Scholarship award changes in the future. Once the minimum Proulx Scholarship Fund level is achieved, the income from the campaign can be used at the discretion of the board of governors.
The Robert W. Fitzgerald Fund Challenge Fund is a challenge donation. For every dollar donated to the fund from SFPE members and friends, Hammond-Berkol will contribute one dollar (up to a maximum $2,000 per year) for the next five years for a maximum of $10,000 during the five-year campaign. April Hammond-Berkol made an initial contribution of $2,000 at the end of 2017 to kick-off the campaign.