The William (Widdy) Neale Scholarship Fund is a 501(c)(3) non-profit organization, and all donations are tax-deductible. Contributions benefit as many as 50 young men and women receiving four-year awards while attending colleges and universities throughout the United States.

The Fund administration is coordinated and financially supported by the CSGA.  The Bob Pryde Scholarship Fund, administered by The Community Foundation of Greater New Haven, is a significant annual contributor to the Fund.  Robert D. Pryde was the first Executive Director of the CSGA from 1922 to 1946.  The Connecticut State Seniors Golf Association, the Senior Golfers of Connecticut and the New England Senior Golfers Association are three organizations that annually contribute to the Fund.

Another important source of funding the Fund's "donor recognition" program for individual contributions at the Bronze level of $50 to $199, the Silver level of $200 to $999, the Gold level of $1,000 to $4,999, and the Platinum Level of $5,000 and above. Such donors have their names published in the CSGA Annual, receive a scholarship bag tag, at the Golf level have a scholarship awarded in their name, and at the Platinum level donors are recognized as the CSGA Annual Meeting in December.