Home secretary Theresa May has handed over a cheque of £227,154 to The Spoore Merry & Rixman Foundation on behalf of the Shanly Group.
As a part of the agreement made when the Shanly Group purchased Badnells Pit from the charity in 2004, the housebuilder will give a financial contribution for every home sold in the new Boulters Meadow development in Maidenhead.
House sales on the site began in late 2012, and now with 60 homes and 44 apartments soon to be under ownership, the cheque is the first of many for the foundation.
The Spoore Merry & Rixman Foundation has worked to assist young people in education for more than 400 years - from providing school uniforms to aiding students to attend university.
Ian Thomas, vice chairman of the foundation, said: "The agreement that we have with Shanly Group has ensured the foundation will continue to invest to help young people in Maidenhead.
"The money we now have will help youngsters with their education and their desires of going to university or college."
At the event on Thursday, August 22, Theresa May said the partnership was encouraging for both the youth and regeneration of Maidenhead, which was echoed by managing director of the Shanly Group, Stewart Kirk.
"Where we are building developments for the future, they are building a generation for the future," he said.
Phase one of the Boulters Meadow development, which will open 120 new homes, will be completed by the end of the year - with the full project of more than 400 homes expected to be complete in 2015.
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