Endowment

A strong endowment ensures that MKA has the financial stability to continue its tradition of excellence. Endowed funds are segregated investment accounts designed to support specific projects or programs, such as financial aid, faculty, programs and facilities, or the overall school and its financial health. Like other investment accounts and vehicles, these funds are designed to generate income, while the principal remains untouched. Income from a growing endowment can enhance the operating budget, help moderate tuition increases and provide funding for scholarships and financial aid, crucial to realizing MKA’s ongoing commitment to diversity. Increasing MKA’s endowment, through investments and fundraising, will always be a strategic priority.

Named endowed funds offer donors the opportunity to recognize the special role MKA, The Kimberley School or Montclair Academy played in their lives, or to commemorate a beloved teacher, classmate or family member while helping to build the school’s endowment. MKA welcomes gifts to existing endowed funds as well as the creation of new named funds with a minimum donation of $100,000. In addition, MKA’s Family Fund program lets families or individuals establish named funds with an initial commitment of $25,000. Revenue from Family Funds supports the school’s general operating budget until the value of the fund reaches $100,000, when it can be designated for a specific purpose—financial aid, faculty, programs or other initiatives of the family’s choice.

Named Endowment Funds

Named endowed funds celebrate the lives and contributions of those they honor or memorialize, while helping to ensure the long-term financial health of MKA by supporting initiatives in perpetuity. We recognize here all the major named endowed funds and thank those who made gifts to them in the current school year.

The Denise Farandatos Anastasiou '62 Memorial Scholarship Fund

Established by Alex Anastasiou in memory of his wife, Denise F. Anastasiou ‘62, in 1985. Proceeds from this endowed fund are used to support financial aid for a deserving student.

The Mildred B. and David G. Baird Scholarship Fund

Established in 1986 by David G. Baird Jr. in honor of his parents. This fund supports financial aid for a deserving male in grades 11-12.

The Brogan Memorial Scholarship Fund

Established in 1982 by members of the Class of 1972 in memory of their classmate, Frank “Poncho” Brogan ’72. Proceeds from this fund are awarded to a member of the junior class who has demonstrated interest and high proficiency in the art of written expression. The award may be used for tuition or related educational expenses.

The Beatrice C. Crawford Memorial Scholarship

Established by Crawford family members in 1969 to remember Beatrice, the parent of five MKA graduates and a loyal supporter of the MKA community. Proceeds from this fund support tuition costs for deserving students.

The Downsbrough Scholarship Fund

Established by Montclair Academy parents Margaret and George Downsbrough in 1982. Proceeds are used to support the financial needs of an Upper School student who has demonstrated exceptional ability and interest in math and science.

The Drukker Foundation Faculty Education Fund

Established in 1987 by the Drukker Foundation. Proceeds are used to support faculty continuing education in reading, writing and ethics. Members of the Drukker family have distinguished themselves over many years in the roles of trustee, parents, students and generous benefactors.

The Mary-Anne Treene Evans Scholarship Fund

Established by Clifford Evans ’50 to honor the memory of his late wife, Mary-Anne Treene Evans ’50. Mary-Anne always gave of herself to help others, and in that spirit, proceeds from this fund support the tuition needs of a deserving student.

The Elizabeth O’Neil Feagley Award Fund

Established in 1986 by Sheila Feagley James ’43 and Anne Feagley Wittels ’45 in memory of their mother. The award is presented annually to a female student with achievement in the creative arts.

The Everett L. Glenn '11 Family Fund

Established in 2014 by the Glenn family in memory of Everett L. Glenn ’11 to support the Community Scholars Program. A natural leader at school as well as on the strip, Everett was compassionate, warm, loyal, loveable, popular, warm-hearted and unfailingly kind. A Peer Leader, a House Captain, a member of the Mastersingers and an Eagle Scout, he enriched the lives of all who knew him.

The Robert Hemmeter Memorial Scholarship Fund

Established by Montclair Kimberley Academy’s Board of Trustees in 1990 to honor the memory of beloved faculty member and mentor Robert Hemmeter. Proceeds from this fund support financial aid for a deserving student at the Upper School.

The George Hrab Family Scholarship Endowment

Established in 2010 through gifts from alumni, parents, students and faculty to celebrate George Hrab’s 40-plus years of dedicated service to MKA as a teacher, coach, advisor, administrator, mentor and friend. Proceeds from this endowed fund help to support the tuition needs of a deserving Upper School student.

The Scott Johnson Memorial Scholarship Fund

Established in the wake of 9/11 by Scott’s friends and family to pay tribute to his life. (Scott Johnson ’93 was among the victims in the World Trade Center tragedy.) This fund supports an annual award given to the senior who has, in the same spirit as Scott, best demonstrated a spirit of warmth, generosity and goodwill toward others.

The Booth Kelly Family Fund

Established in November 2010 with a gift from Distinguished Alumni Award honoree Nancy Booth Kelly ’52. The fund supports the general endowment and operating budget.

Bud Mekeel Scholarship Fund

Given to a worthy senior in memory of O. Stanley “Bud” Mekeel, Montclair Academy class of 1929.

The Don Knowlton Scholarship Fund

Established by a bequest in his wife’s will that created a scholarship in the name of Don Knowlton ’27. Proceeds support financial aid for a deserving male scholar-athlete.

Seth Morris Endowed Scholarship Fund

Established in 2014 with a gift from Mark Piccolo and Lynn Morris-Piccolo, the mother of Kyle Morris ’12 and Hayley Morris ’14, to honor the memory of her late husband, Seth Morris, who died tragically in the World Trade Center attacks of September 11, 2001

The Mary K. Robertson Faculty Salary Fund

Established in 2001 with a lead gift by Gail R. Marentette ’51 in memory of her mother. Proceeds from this fund support faculty compensation.

The Linda and Brian Sterling Endowed Scholarship Fund

Established in 2011 through a gift from Linda and Brian Sterling, parents of Emma Sterling ’12 and Aaron Sterling ’14. Proceeds help to support the tuition needs of an MKA Community Scholar.

Dehlia Sunshine Endowment Fund

Established in loving memory of Dehlia Sunshine. The fund provides support for MKA and its mission.

The Timmons Scholarship Fund

Established in 1982 by Anita Timmons to honor her husband, James D. Timmons—former trustee, parent and grandparent. Proceeds are awarded to an MKA senior who is the child of an MKA faculty member.

The Amy Louise Timmons Scholarship Fund

Established in 2000 by the family of Amy Louise Timmons to honor her memory. The fund supports tuition costs for a deserving female student in grades 7–12.

The Margaret Ann Mullins Tortoriello Scholarship Fund

Established in 2006 by the friends and colleagues of Margaret Ann Mullins Tortoriello and her husband, MKA trustee Robert Tortoriello. Peggy, the mother of three MKA students, was a much-loved member of the community. Proceeds help support financial aid.

The Denise and Ira Wagner Endowed Scholarship Fund

Established in 2010 through a gift from Denise and Ira Wagner, parents of William Wagner ’06 and Andrew Wagner ’11, with deep appreciation for the education and mission of MKA. Proceeds help to support the tuition needs of a deserving MKA student.

For More Information

To learn more about MKA’s endowment needs and how you can support them, please contact Geoff Branigan, Director of Development & External Affairs, at gbranigan@mka.org or 973-509-7940.

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