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Since 1988, this award at St. Louis Adult Learning Centre has recognized special achievement of three women graduates who plan to further their education. The current award is $500, for a total of $1,500 each year.

This award was set up by the CFUW K-W Club to honour the memory of Hildegard Marsden, a long term club member and founding trustee of the CFUW K-W Charitable Fund in 1985. Hildegard was a graduate of Randon-Macon Women’s College, Virginia and received her M.A. from the University of Waterloo, where she became a lecturer in the German-Slavic Department as well as Dean of Women. Improving the status of women, ensuring choices for women in education, daycare, athletics and legal aid were guiding principles in her life. She was the first woman in Waterloo Region to return to university (in 1957) as a mature student with three children.
This fund is primarily funded by club member donations and the annual used book sale.