Grace Swift was born in Wareham, Massachusetts in 1892. She lived most of her early life in the Cedarville section of Plymouth, where her father, George Swift, ran a general store. When it came time for her to attend high school, her father decided that she should attend Bourne High School. Grace was the valedictorian of the Class of 1910. Following graduation, Grace attended Normal School and taught in the public schools in several New England states. In 1916 she married Alfred Nye, a high school classmate from the Sagamore section of Bourne.
Alfred became a successful businessman who owned lumber yards on the Cape and in central Connecticut. The Nye's were thrifty, frugal people. They developed into astute investors and acquired considerable wealth during their lives. Since they did not have children, they created a long-range plan under which they left the bulk of their assets to churches, hospitals and established organizations throughout Connecticut, Massachusetts and Florida. Alfred died in 1977 and Grace in 1994 at the age of 102.
At her death, Grace funded two trust funds, the Grace Swift Nye and Alfred Gibbs Nye Scholarship Trust and the Grace Swift Nye Fund. The Grace Swift Nye Fund was established to support a program of academic enrichment in Bourne High School. Grace stated in her Valedictory essay, "When we have obtained our objectives in life, we can look back with satisfaction and pleasant recollections upon our old class motto: 'The end crowns the work.'" This fund is more than a tribute to pleasant memories. It is a living legacy recognizing the lifetime inspirational value of academics.