On March 24, 2009, the Pamlico County-based scallop boat -- the Lady Mary -- sank off the coast of Cape May, New Jersey, killing six of the seven crew members.
Three of the crewmen were relatives, members of the Smith family in Mesic.
Brothers Roy "Bobo" Smith and Timothy "Timbo" Smith died in the accident, along with their uncle, Tarzon "Bernie" Smith.
Their cousin, Frankie Credle, also drowned.
The family is grateful their loved ones' bodies were found, so that they could give them a proper burial.
Bobo, Timbo and Bernie share a family gravesite in Mesic. It's located in the back yard of Bobo and Timbo's parents' home.
NewsChannel 12's Valentina Wilson went to that gravesite and talked to loved ones about how they're turning tragedy to triumph.
In 2010, Bobo and Timbo's aunt -- and Bernie's sister -- Evangeline Smith Moore started the Smith Foundation Non-profit in their honor.
"We love to give. We'll give you the shirt off our back. That's how our parents raised us," Smith Moore said. "The night of the gala, when we award those children, it's just like we all hit the jackpot. Just to raise the money and give it back."
Scholarships are available to students from across the country who meet the established criteria. The foundation also awards money to various community organizations.
Timbo and Bobo's mother, Hazel Smith, is also excited about the work the foundation is doing.
"If it can help to send children to college, that's what we're hoping for, to help any child that wants to go to school," she said.
The Smith Foundation Non-profit will host its fourth annual black tie gala at the New Bern Convention Center on Sat., Dec. 7th. Tickets are still available.
Ten students will receive college scholarships that night.
To learn more about the Smith Foundation, visit www.smithfoundationnonprofit.com.
To watch the Star-Ledger documentary, The Sinking of the Lady Mary, CLICK HERE.