The Elizabeth Raymond Ambler Trust was created in order to provide funds for two purposes:

  1. Scholarships for high school graduates who are, in the opinion of the Trustees, deserving and in need of financial assistance in obtaining a college education or specialized education of the kind furnished by technical schools;

  2. Municipal, religious, charitable, benevolent or educational organizations or corporations as determined by the Trustees.

In selecting the recipients of scholarships, the Trustees have been directed to give first preference to the residents of the town of Wilton, Connecticut, and second preference to residents of surrounding towns.