The Eugene Atwood Fund

About Us

The Eugene Atwood Fund was established in September of 1916 by Mr. Eugene Atwood, the head of the Atwood Machine Company, located in Stonington, Connecticut. Mr. Atwood was an inventor and prized the value of education. He established the Fund with a mission to aid deserving industrious young people who are making an honest effort to accomplish the best results in life.

In 1916, The Eugene Atwood Fund began providing interest free loans to New London County area college bound students, a practice that still continues today.

In the early 1950’s, the Board of Trustees established the Eugene Atwood Award as a nod to our founder which provides an award to a student/student(s) based on academic achievement and the individual aligning with our mission statement.

In June, 2020, the Trade and Tech Committee was established with a goal of adding a new program that provides interest free loans for individuals in the New London County area who will be attending a Technology or Trade Program.

In August, 2020, the Trade and Tech Committee announced the addition of the Eugene Atwood Innovation Award to provide an award for the purchase of tools/equipment needed for a student pursuing a career in a trade.

In April, 2021, the Trade and Tech Committee announced the Trade/Tech School and Certification/Licensing Interest Free Loan Program would begin accepting applications on a rolling basis.