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Trustees unanimously approved shifting $25,000 from cash into equities, bringing equity holdings to 68% of the scholarship fund. They also approved $1,500 in support for the Andover High School Robotics Club.
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The scholarship account had more than $416,000 and grew by more than 10% during the first six months of the 2025-2026 fiscal year. Eleven Punchard scholarships are expected to be awarded this spring. The trustees also approved support for the Robotics Club’s Governor’s Challenge competition and discussed, but did not vote on, releasing project applications earlier in the year.
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