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Mr. Woollcott served as chairman of the Board of Trustees from 1981 to 1988, as well as chair of the Presidential Search Committee in 1985. As an active trustee, he also served on the Finance Committee (as chair), the Executive Committee, and the Nominating Committee. He has worked closely with and advised four of the College's six presidents. Mr. and Mrs. Woollcott established the James W.G. and Llewellyn Woollcott Scholarship Fund at the beginning of the Centennial Capital Campaign in 1994. This scholarship assists students with demonstrated financial need.