Scholarships from this fund are awarded to students at the undergraduate and graduate level of study.
The fund was established upon receipt of a bequest from Mildred Shambo (1907-1992).
Miss Shambo, a lifelong resident of Aurora, taught in the East Aurora School System for thirty-nine years.
She was a philosophy major at the University of Chicago and later earned a master of arts degree from Northwestern.
She maintained memberships in numerous professional and civic organizations.
Miss Shambo provided a bequest to the Community Foundation as her way of giving back to the community which had meant so much to her throughout her lifetime.