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The gift of the current generation to the future Mission The Beaver Dam Scholarship Foundation was born out of the strong need to provide higher education to deserving students within our community. The mission of the organization is to help the young people of the Beaver Dam community reach their maximum potential thereby creating a future generation of enlightened thinkers and inspired achievers to lead our community. History of Beaver Dam Scholarship Foundation Inc. The Foundation was created in July of 1991 by eighteen local citizens concerned with the rising costs of education and was organized as a taxexempt public charity.