Endowed & Major Gifts
We are deeply grateful to the generations of parents, alumni, grandparents and friends who have supported our endowment and those of our predecessor schools. Their donations have supported our mission and strategically realized our vision for the future. At King, we speak often of "Legacy, Strength, Pride", and we think of our endowment as a true reflection of that phrase. Donors who make contributions to our endowment are leaving a legacy at the School; ensuring our financial strength; and increasing our community's pride by allowing us to erect buildings, expand curricular and extracurricular offerings, and continue to attract and retain exceptional faculty and students.
An endowment is a permanent and dependable source of funding in which contributions are invested to generate a reliable stream of income. Each year, a portion of the value of each fund is paid out in support of its purpose.
Endowment gifts to King can be designated any of three ways:
- Unrestricted gifts can be made to the General Endowment, a critical source of support for King. Interest on the General Endowment ensures our ability to sustain the financial strength of our School, evolving and growing as needed. It also allows us to meet unforeseen opportunities and challenges should they arise.
- Gifts can be used to establish a new named fund, with terms specifying how the income shall be used established by the donor. Establishing a new endowed fund requires a $150,000 minimum donation and can be done through outright and multi-year gifts, gifts of stock, or bequests.
- Gifts can be made to any one of our existing Family of Funds should there be one that reflects your philanthropic interests. A list of our currently existing funds can be found below.
Our Family of Funds are board designated funds managed by the Investment Committee of the Board of Trustees, consistent with the Investment Policy and Spend Policy, as approved by the Board. The goal is to be consistent with these policies and as such, the corpus may not remain in perpetuity, depending on Board approved investments, market conditions and spend policy. These funds are restricted to financial assistance, program enhancements, professional growth and development, and facility resources. Both principal and investment earnings on the principal may be utilized for the benefit of the designated purposes, as listed.
To learn more about King’s endowment or any of our funds, or to discuss establishing a new fund, please contact Lauren Fredette, Director of Development, at firstname.lastname@example.org or (203) 322-3496, Ext 324.
Ned Abate Memorial Fund
In 1992, Barbara and Ernie Abate established this fund in memory of his son, Ned Abate (1975-1992). This fund supports a student with a disability.
Diane Catalani '80 Memorial Fund
Established in 1985 by Beverly and Arthur Catalani in memory of their daughter Diane Catalani '80, this fund supports an Upper School Arts Student.
The Collins Family Fund
Established in 2011, this fund supports a Grade 9 student for four consecutive years. The student can be a matriculated student at King or a new student. The student must possess strong academic skills, athletic ability, as well as demonstrated financial need.
Kenneth Cooper Memorial Fund
Established in his memory, Mr. Kenneth Cooper was a former faculty member who received the Distinguished Service Award and taught at King from 1932 to 1964. This fund supports students who are strong in Math and Science.
Byron Drummond '73 Memorial Fund
Established in 1992 by Mrs. Fay Drummond, this fund supports an outstanding student in Grade 12.
Bruce Feinberg Memorial Fund
Established in 2006 in memory of Bruce Feinberg, father of Seth '00, Matthew '03, Stevi '03 and Dani '10, this fund supports financial aid for students who wish to enhance their school experience through extracurricular activities that are cost prohibitive to their families. The Feinberg fund was established on the principle that all students should have equal opportunity to fully embrace School opportunities in and out of the classroom.
The Franckenstein Memorial Fund
Established in 1989 by noted author and friend, Kay Boyle Franckenstein, this fund supports an incoming student in Grade 11 or Grade 12 who has made a particularly positive contribution to the School.
The Friends Scholarship Fund
Established in 1998 by the Mark D. Spitzer Family Foundation, this fund provides support for academically qualified, need-based minority children in Grades 1, 2 or 3. The Friends Scholarship Fund honors the commitment and generosity of the Bruce and Connie Hubbard Family.
Joan Gillespie Memorial Fund
Established in 1991 by her brother Mr. Kenyon Gillespie '47, this fund supports a deserving Upper School student.
The Addie Jones Spirit of Service Fund
Established in 2007 in honor of Former Board of Trustee Chair, Addie Jones, this fund provides financial assistance to minority students who wish to participate in extracurricular activities that are designed to further enhance their academic, athletic, artistic and/or cultural experiences while at King.
Karp Family Fund
Established in 2008, this fund provides student financial assistance to maintain the School's celebrated diversity.
Doris Ward Knox Fund
Established in 1986 by Mr. Barry Knox, this fund supports an Upper School student who shows extraordinary determination, strength of character, academic achievement, and financial need. In particular, special emphasis should be given to a student with a disability.
The Katherine Lewis Memorial Fund
Established in memory of Katherine Lewis, this fund supports an Upper School female student for outstanding participation in academics and sports.
The Legacy Fund
Established in honor of the 150th Anniversary, the Legacy Fund is a temporarily restricted endowment fund. The investment earnings from this fund provide annual resources for faculty excellence and financial aid for academically qualified students with demonstrated financial need. The 2016-17 Legacy Fund goal is $150,000.
Colin Donohue Marren '06 Scholarship Fund
Established in 2012 in memory of Colin Donohue Marren '06, this fund is used to support one student entering Grade 9 for four consecutive years. The student can be a matriculated student at King or a new student entering Grade 9. The student must possess strong academic skills, athletic ability, as well as demonstrated financial need.
John Wall McKeough '71 Memorial Fund
Established in 1989 by Mr. and Mrs. Richard B. McKeough '68, this fund supports a deserving Upper School student.
The Millerchip Family Fund
Established in 2013 by the Millerchip Family, this fund supports financial assistance to a student from an economically disadvantaged background with outstanding character and all-round ability.
Charles Moritz '54 Fund
Established in 2009 by Mr. and Mrs. Charles Moritz '54, fund income supports a Grade 9 student for academic excellence in English.
Gregory Dean Muggeo '79 Memorial Fund
Established in memory of Gregory Dean Muggeo '79, this fund is used to support a Grade 12 student for leadership and generosity.
Evald B. Olson Memorial Fund
Established in memory of longtime faculty member Mr. Evald B. Olson, this fund supports an outstanding Grade 12 student who excels in Athletics, Math, and Science.
Parents' Association Endowment Fund
The Parents' Association Endowment Fund supports scholarship.
George Brooks Richards '67 Memorial Fund
Established in 2001 in memory of George Brooks Richards '67 by his brother Fred Richards '65, this fund supports an Upper School student in recognition of personal effort and enthusiastic participation in all areas of school life.
Mary Rogers Roper Class of 1892 Fund
In memory of alumna and former Low Heywood Head of School, Mary Rogers Roper (LH Class of 1892), this fund supports an incoming Grade 12 student with outstanding academic achievement, character and participation in extracurricular activities.
Rosen Family Scholarship
Established in 2014, this fund supports a new student entering Grade 9 student for four consecutive years. The student must demonstrate financial need, posses outstanding character and all-round ability, and who will truly benefit from the Mission of the School.
Joseph P. Zone Memorial Fund
Established in 1992, the Zone Scholarship Fund was established in memory of Joseph P. Zone, father of Nancy Zone Bloom, former Faculty and director of admission, grandfather of Michael Bloom '81, Stephen Bloom '82, and Jonathan Bloom '87. This fund supports a deserving Upper School student.
Elizabeth “Sue" Rockwell Cesare '48 Fund
Established in 1996 by Margery Irish to honor former Head of School, Elizabeth “Sue" Rockwell Cesare '48, this fund supports Faculty Professional Development.
Elizabeth Hanson Fund
Established in 1986, this fund supports Faculty Professional Development.
The Legacy Fund
Established in honor of the 150th Anniversary, this fund provides annual resources for faculty excellence and financial aid for academically qualified students with demonstrated financial need. The 2016-17 Legacy Fund goal is $150,000.
Patricia A. McDermott Memorial Fund
Established in 1989 by the McDermott Family, this fund supports Faculty Professional Development.
The Marjorie L. Weidig Fund
Established in 1986 to honor long time Middle School Head, Marjorie L. Weidig, this fund supports a deserving student in the Middle School.
The Schulman Fund
Established in 2000 by Joanna Schulman and the Leon Lowenstein Foundation, this fund supports the Teaching and Learning Program, Faculty Professional Development and the establishment of the Schulman Lecture Series.
The Segalas Family Fund
Established in 2015 by Diane and Spiros Segalas, this fund supports the Lower School Teaching and Learning Program.