Illustrated Properties establishes scholarship for late friend
The management team at Illustrated Properties, one of South Florida’s most respected real estate companies, has donated $25,000 to the Palm Beach State College Foundation to establish an endowed scholarship in honor of their former president who died in an automobile crash in early 2013.
Francis Fiske “Chappy” Adams III, was the son of Illustrated Properties founder Buddy Adams. According to his obituary, Chappy was a native of Palm Beach County, and graduated from the Benjamin School. He attended Boston College and joined Illustrated Properties in 1987 as a commercial leasing agent, moving later to residential sales. During his seven years as a residential salesperson, Chappy was consistently a multi-million dollar producer.
He transitioned into management at Illustrated Properties, eventually becoming president in 1995. Together with his father, Chappy oversaw Illustrated Properties’ 20 offices and 500 agents, as well as the company’s mortgage, title and insurance affiliates.
“This scholarship represents not only the life Chappy shared with us, but also his goal of progressing,” said Virginia Spencer, general manager at Illustrated Properties in Palm Beach Gardens. “As a businessman, his determination to achieve his goals is a quality that I’m sure the recipients of this scholarship will also possess. While we mourn his loss, we appreciate that his name will be forever remembered.”
The scholarship will be available to students who are Palm Beach County residents and enrolled in an Associate in Arts or Associate in Science degree program or Post Secondary Adult Vocational Certificate Program at Palm Beach State College. They must also have the desire to become community leaders in Palm Beach County.
An endowed scholarship provides the PBSC Foundation with a permanent source of funding for student scholarships. The minimum principal balance required to establish one is $25,000. For more information, contact the Foundation at 561-868-3450.
