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 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
- The Mildred B. and David G. Baird Scholarship Fund
- The Brogan Memorial Scholarship Fund
- The Beatrice C. Crawford Memorial Scholarship
- The Downsbrough Scholarship Fund
- The Drukker Foundation Faculty Education Fund
- The Mary-Anne Treene Evans Scholarship Fund
- The Elizabeth O’Neil Feagley Award Fund
- The Everett L. Glenn '11 Family Fund
- The Robert Hemmeter Memorial Scholarship Fund
- The George Hrab Family Scholarship Endowment
- The Scott Johnson Memorial Scholarship Fund
- The Booth Kelly Family Fund
- Bud Mekeel Scholarship Fund
- The Don Knowlton Scholarship Fund
- Seth Morris Endowed Scholarship Fund
- The Mary K. Robertson Faculty Salary Fund
- The Linda and Brian Sterling Endowed Scholarship Fund
- Dehlia Sunshine Endowment Fund
- The Timmons Scholarship Fund
- The Amy Louise Timmons Scholarship Fund
- The Margaret Ann Mullins Tortoriello Scholarship Fund
- The Denise and Ira Wagner Endowed 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.
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.
Established in 2010 through gifts from alumni, parents, students and faculty to celebrate George Hrab’s 45-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.
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.
To learn more about MKA’s endowment needs and how you can support them, please contact Laela Perkins, Director of Development, at 973-509-7940.