The Caroline E. Hill scholarships were established in memory of Caroline E. Hill, a longtime resident of Carlisle who died in 1967 at the age of 93. Her will included a generous bequest to the town to provide financial assistance to deserving Carlisle residents. In addition, the town has other funds that are combined with this fund to provide scholarships.
Scholarship grants from the Caroline E. Hill Fund are available to Carlisle's current high school seniors and college students for any type of continuing post-secondary education including colleges and universities as well as trade and vocational schools. The Board of Selectmen awards the grants upon the advice and recommendation of the Scholarship Advisory Committee. Grants are based on need. Typical awards range from $500 to $1,500. Applications are only available online.