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Historical Background

The Betterment Fund was created for charitable purposes by the will of the late William Bingham, 2nd, a resident of Bethel, Maine, who died in 1955. Mr. Bingham was a self-effacing philanthropist with an abiding interest in education and the improvement of health services in the State of Maine.

During Mr. Bingham’s lifetime, Gould Academy in Bethel was a major recipient of Mr. Bingham’s benefactions. Mr. Bingham also made grants to many individuals from within and beyond the Gould and Bethel communities to enable them to further their education. Since Mr. Bingham’s death, the Betterment Fund has established scholarship funds in his memory at several Maine colleges, with scholarship award preference to be given to residents of Bethel, Oxford County and the State of Maine in that order of priority.

Mr. Bingham’s medical interests historically were pursued largely through the Bingham Associates Fund, now known as the Bingham Program, which developed a program in Boston for the advancement of rural medicine in Maine. The Bingham Associates program served as a model worldwide for outreach programs designed to strengthen the quality of health services in smaller communities. See www.binghamprogram.org. In recent years, the Betterment Fund has collaborated with Bingham Program on several Maine health projects.

Although the traditional recipients of Mr. Bingham’s benefactions continue to be of special interest to the Fund, the Betterment Fund has come to view the areas of education and health more broadly, and will consider requests from qualified institutions and organizations whose activities promote education or health improvement and which have the potential to have a significant positive impact on the lives of Maine residents in these areas.

The Betterment Fund also has expanded its areas of grantmaking to include programs which support local communities in their own efforts to increase their capacity to improve and sustain the quality of life for residents and programs for the preservation and responsible use of Maine’s natural resources.

Trustees

Bank of America

  • Bank of America, N.A.
  • William B. Winship
  • Carolyn S. Wollen
  • William P. Clough III
  • Carol Berg Geist
  • Andrew L. Tansey
  • Martin J. Grohman