Endowment Funds

The Lawrence Academy Endowment helps to secure the long-term financial sustainability of the school, and the draw on those funds typically provides 6 percent of the school’s annual operating budget. In contrast to the LA Fund, endowment funds are permanently established, and their annual growth provides revenue to LA in perpetuity. Each year, the Lawrence Academy Board of Trustees approves a 4 percent withdrawal against the value of the endowment and directs that money to the school’s operating budget.

With some funds established more than a century ago, we wish to gratefully acknowledge alumni, parents, grandparents, faculty, staff, and friends who have created — and continue to support — a lasting legacy honoring their relationship with Lawrence Academy and their deep connections forged here today and throughout the decades. The market values of Lawrence Academy’s endowment funds reflected below are as of June 30, 2024. Each of these funds offers ongoing endowment gift opportunities to support Lawrence Academy with a vision to secure its future.

L EE ACADEMIC S UPPORT E NDOWMENT F UND

Established in 2008 by Henry and Mary Lee P’08, this fund provides financial assistance for students who need tutorial support and cannot afford to absorb the entire fee. It also provides LA’s academic support director with funding to maintain a substantive program.

E NDOWMENT F UND FOR THE A RTS

Established by Albert Clear GP’98, ’01 in 2003, this fund affords the Lawrence Academy arts program the opportunity for growth and expansion.

T HE B RIAN F EIGENBAUM F UND

Established in 2014 by an anonymous young alumna, this fund honors Brian Feigenbaum P’09, ’12 while allowing his most daring and motivated students (regardless of their ability to pay) to be able to travel with him to perform at the Edinburgh Fringe Festival.

T HE H ALLOWELL /S TEIN FAMILY E NDOWED F UND FOR T HEATRE

This fund was established in 2016 by Mark Stein and Rosa Hallowell P’18 in support of professional theater workshops, visiting artists, and student experiential learning and travel. The fund may also be used to enrich theater technical facilities and/or to support other faculty initiatives in the theater program.

I NDEPENDENT M USIC I NSTRUCTION AND PERFORMANCE E NDOWED F UND

Established by Hyuk Joo Koh and Sung Min Lee P’17 in 2015, this fund affords our arts program the opportunity for growth and expansion and allows for students to receive top-level instruction.

C LASS OF 2001 E NDOWMENT F UND FOR C URRICULUM D EVELOPMENT

Established in 2001 by parents of the Class of 2001, this fund provides support for curricular development.

J OHN T. C URRAN F UND FOR I NTERNATIONAL S TUDIES

Established in 1999 by John Patton ’88, this fund is used to support international studies in the history department.

L IVINGSTON E NDOWMENT F UND

This fund was originally established in 1996 to provide care and maintenance for the Franklin Mint coin collection donated to the school by William Livingston ’45. The endowment now supports the history department.

ROBERT W. D ARLING M EMORIAL L IBRARY F UND

This fund was established in 1979 by LA faculty members in memory of Robert W. Darling, former dean of faculty (1954-1978) at Lawrence Academy, to support the McDonald Library.

K ATHRYN AND J OSEPH G ILL M EMORIAL F UND

Established by Thomas Gill ’49 in memory of his parents, Kathryn and Joseph Gill, this fund supports library acquisitions and helps to provide new research resources and books for the McDonald Library.

M ARY E. G ILL M EMORIAL L IBRARY F UND

Established by Thomas Gill ’49 in memory of his aunt, Mary E. Gill, this fund supports library acquisitions and helps to provide new research resources and books for the McDonald Library.

$174,947

$266,912

$102,521

$321,977

$112,281

$38,751

$33,784

$24,275

$12,383

$113,133

$26,259

LOCKETT E NDOWMENT F UND

This fund was established in 1993 by Edward Cadogan Lockett ’57 in honor of his parents, Levi and Hilda, and supports the Lawrence Academy library.

D OUGLAS M. B ARLOW ’73 L ECTURE F UND

Established in 1976 by Norman and Natalie Barlow in memory of their son, Douglas ’73, this fund was established to support guest speakers at Lawrence Academy.

C LIVE N. W ILSON ’61 L ECTURE F UND

This fund was established in 1969 in memory of Clive Wilson ’61 and supports guest speakers at Lawrence Academy.

J. W ILLIAM M EES V ISITING S CHOLAR E NDOWMENT F UND

This fund was established in 2011 in honor of retiring teacher Bill Mees (who worked at Lawrence Academy from 1977 to 2010 as an English, Spanish, and French teacher and the dean of faculty) and funded primarily by trustees Ron Ansin and Al Stone, with a $50,000 matching gift from the EE Ford Foundation. This endowment is used to engage a visiting scholar to spend a few days on campus working with students in classes, making a presentation that is open to the public, and offering workshops for students and faculty. The fund is also intended to ultimately provide a stipend for a Lawrence Academy student to pursue summer work in his or her field of interest.

B E THE S PARK L EARNING S UPPORT E NDOWMENT F UND

Established in 2023 by Greggory Beloff and Elizabeth Masterson P’21, ’23, the fund provides necessary funding for the Lawrence Academy learning support program.

Faculty

A LUMNI FACULTY A PPRECIATION AWARD F UND

Established in 1997 by Suzanne Schiller Loonie ’88 and voted on by the alumni, the Alumni Faculty Appreciation Award is given annually at Reunion to a current or past faculty member for his or her commitment and dedication to the students of Lawrence Academy. LA alumni are asked to submit their nominations throughout the year, and the highest cumulative vote recipients are presented to the head of school for final determination of the recipient.

A NSIN FACULTY S ABBATICAL E NDOWMENT

This fund was established by Ron Ansin P’80, ’83, ’85, ’87; GP’03 ,’05, ’14 in 1997 to provide sabbatical funding to Lawrence Academy faculty.

D ONALD AND PATRICIA A RMSTRONG P ’87, ’89, ’93 E NDOWMENT F UND FOR THE FACULTY

This endowment was established in 2005 by Donald ’87, Tim ’89, and John ’93 Armstrong in honor of their parents, Donald and Patricia. The fund supports faculty salaries at Lawrence Academy.

C LASS OF 2002 E NDOWMENT F UND FOR FACULTY C OMPENSATION

Established in 2002 by parents of the Class of 2002, this fund provides faculty salary support.

$443,400

$21,780

$45,871

$322,105

$22,380

$37,256

$797,316

$416,655

$172,666

R ALPH W. AND H ELEN D. C ONANT F UND $181,557

This fund, established in 1976, supports faculty pensions and helps Lawrence Academy provide retirement income for its faculty.

D ARLING M EMORIAL F UND – FACULTY C HAIR

This fund was established in 1979 by LA faculty members in memory of Robert W. Darling, former dean of faculty (19541978) at Lawrence Academy, to recognize and support excellent teaching. Each recipient will hold the award for five years.

H EINGARTNER FAMILY F UND FOR FACULTY B ENEFITS

Established in 1979 by Walter E. Heingartner ’48; P’73, ’75, ’78, this fund supports pensions, health insurance, and life insurance for LA faculty.

$14,563

$7,076

W ILLIAM L AWRENCE F UND $307,865

This fund supports salaries and benefits at Lawrence Academy.

E LIEL S HUMWAY F UND $755,054

This fund supports salaries and benefits at Lawrence Academy.

W ILLIAMS FAMILY C HAIR

The Williams Family Chair was established in 1984 to honor Ben Williams, head of school, 1969-1984, by members of the Williams Family and the Lawrence Academy community. The chair recognizes the extraordinary contributions that the LA faculty have made to generations of students. The income from this fund is used to support faculty sabbaticals.

C LASS OF 1999 E NDOWMENT F UND FOR FACULTY P ROFESSIONAL D EVELOPMENT

Established in 1999 by parents of the Class of 1999, this fund provides professional development for faculty.

C LASS OF 1999 E NDOWMENT F UND FOR H OW YOUNG WOMEN L EARN B EST

Established in 1999 by Wesley and Patricia Stimpson P’96, ’00, this fund is used to support faculty professional development in the area of understanding how young women learn.

C LASS OF 2001 E NDOWMENT F UND FOR FACULTY P ROFESSIONAL D EVELOPMENT

Established in 2001 by parents of the Class of 2001, this fund provides professional development for faculty.

C HARLOTTE D OE FACULTY D EVELOPMENT F UND

Established in 1994 in honor of Charlotte Doe (Latin and Greek teacher, 1973-1987), this fund provides professional development for faculty.

E DWARD E. F ORD FACULTY C HAIR

Established in 1993 by the EE Ford Foundation, this fund provides professional development for the faculty.

$652,659

$94,296

$43,393

$38,750

$45,972

$210,682

A RLEIGH D. R ICHARDSON III FACULTY D EVELOPMENT F UND $45,952

Established by a grateful Lawrence Academy family, this fund was established in 1994 in honor of Arleigh Richardson (English teacher and dean of faculty, 1977-1991), to support faculty professional development.

L AWRENCE ACADEMY S ALARY AND B ENEFITS F UND $4,388

This fund was established through the generosity of all the school’s endowment donors who wished for their donations to support faculty salaries and benefits.

Financial Aid

C APITAL C AMPAIGN : E NDOWED F UND FOR F INANCIAL A ID $5,957,620

This endowment was established to provide an LA education for high-achieving students from underrepresented communities, support financial aid, and help diversity, equity, and inclusion programs that enhance the lives of students and the broader community.

L AWRENCE ACADEMY S CHOLARSHIP F UND $208,455

This fund was established through the generosity of all the school’s endowment donors who wished for their donations to support financial aid.

T HE L AWRENCE ACADEMY I NTERNATIONAL A LUMNI S CHOLARSHIP F UND $39,994

This fund was established in 2010 by Adrien Chen ’92 to support financial aid at Lawrence Academy.

J AMES E. B AKER F UND $1,523,735

This fund was established to support financial aid at Lawrence Academy.

ROBERT C. B ILLINGS F UND $25,931

This fund was established to support financial aid at Lawrence Academy.

B LOOD FARM S CHOLARSHIP F UND $15,822

Established in 1987 by Barney and Doris Blood P’77, this fund provides financial assistance to Lawrence Academy students.

B RADBURY L ITTLETON S CHOLARSHIP F UND $422,496

Established in 2002 by David and Nancy Bradbury P’84, ’86, this fund provides financial aid to students residing in Littleton, Mass.

A LDEN L. B RIGGS ’54 S CHOLARSHIP F UND $70,396

This fund was established in 1998 by Alden Briggs ’54 to support financial aid for Lawrence Academy students.

J OSEPH ’36 AND LOUISE BULKELEY E NDOWMENT F UND FOR S CHOLARSHIPS $18,572

This general endowment fund was established in 2015 by the estate of Joseph Bulkeley ’36

G ODFREY AND S TELLA C HEN P’92 M EMORIAL S CHOLARSHIP F UND

Established in 1995 by the estate of Godfrey and Stella Chen P’92, this endowment supports Lawrence Academy financial aid.

T HE K EVIN J. M C D ONALD C LASS OF 1970 50 TH R EUNION F INANCIAL A ID E NDOWMENT F UND

The fund was established in 2020 by the members of the Class of 1970 in recognition of their 50th class reunion. It was renamed by the class in June of 2021 in honor of Kevin J. McDonald, for his extraordinary leadership as a class agent for over 50 years, his commitment to each member of the Class of 1970, and as his enduring loyalty to Lawrence Academy. Income to be directed to financial aid.

C UNNINGHAM FAMILY E NDOWED F UND

Established in 2014 by Patrick Cunningham ’91, this fund supports financial aid.

T HE M AUREEN S. D E M ARCO T UITION A SSISTANCE F UND

Maureen DeMarco GP’22 established this endowment in 2019 to provide tuition assistance to students in need at Lawrence Academy.

A RTHUR W. F ERGUSON M EMORIAL S CHOLARSHIP F UND FINANCIAL AID

Established in 1987 in memory of Arthur W. Ferguson (head of school, 1958-1969), this fund supports financial aid for LA students.

E DWARD E. F ORD S CHOLARSHIP F UND

Established in 1982 by the EE Ford Foundation, this fund provides financial aid for LA students.

A LBA M. F RIGOLETTO P’50, ’52; GP’83; GGP’21 M EMORIAL S CHOLARSHIP F UND

Given in memory by her husband, Dr. Frederic D. Frigoletto, and her sons, Dr. Frederic D. Frigoletto Jr. ’50 and Dr. Robert L. Frigoletto ’52, in 1981, this fund supports financial aid for LA students.

G ORDON FAMILY E NDOWMENT FOR S CHOLARSHIPS

This fund was established by Mr. and Mrs. Albert Gordon Sr. P’59 in 1998 and supports financial aid for LA students.

$105,677

$99,793

$277,903

$172,070

$22,170

$190,579

$58,445

$184,002

E LI G ORDON ’54 F UND FOR F INANCIAL A ID $148,863

Established in 2017 through the estate of Eli Gordon ’54, this endowment supports financial aid at Lawrence Academy.

R AYMOND H. H ANDFIELD , J R . ’51 F UND FOR F INANCIAL A ID

This fund was established in 2017 by Raymond Handfield’s estate to benefit a Lawrence Academy student who has an interest in music.

A L AND T RUDY J ODKA AYER S CHOLARSHIP F UND

Established by Jonathan ’79 and Richard ’61 Jodka in 2003, this fund supports financial aid for a student from Ayer, Mass.

C ARL A.P. L AWRENCE 1910 S CHOLARSHIP F UND

This financial aid fund was established in 1977 by Mrs. Lucy W. Lawrence in memory of her husband, Carl A.P. Lawrence ’10

J OSÉ H. M ARRANZINI ’88 E NDOWMENT F UND FOR S CHOLARSHIPS

This fund was established in 1998 in memory of Jose Marranzini ’88, to help support financial aid at Lawrence Academy.

$163,399

$328,585

$89,077

$20,842

S ARAH R. M C C AIGUE S CHOLARSHIP F UND $45,564

This financial aid fund was established in 1998 in honor of Sarah McCaigue, director of athletics, 1986-2002.

M ERZ /L AMB S CHOLARSHIP F UND $36,336

Established in 1995 by Victoria Bowers Lamb P’96 and Richard Merz, this fund was created to provide financial aid support for Lawrence Academy.

M ESSINA FAMILY F UND FOR S CHOLARSHIPS $175,641

Established by Dana Messina ’79 in 1998, this fund supports students at Lawrence Academy with financial aid.

E DWARD P. M ORRIS ’36 F UND $35,452

This fund for financial aid was established through the estate of Edward P. Morris ’36 in 1973.

D ONALD PICKERING ’39 F UND FOR F INANCIAL A ID

Established by the Estate of Donald Pickering ’39 in 2016, this fund provides financial aid to Lawrence Academy.

$55,865

R EADER ’ S D IGEST E NDOWED S CHOLARSHIP F UND $240,870

This financial aid fund was established by the co-founders of Reader’s Digest magazine.

M ABEL LOUISE R ILEY F UND

Established in 1973 by the Mabel Louise Riley Charitable Trust, this fund supports financial aid at Lawrence Academy.

$47,848

J OHN N. ROBBINS F UND $177,129

This fund was established to support financial aid at Lawrence Academy.

A DELARD A. AND VALEDA L EA ROY S CHOLARSHIP F UND $127,253

This fund was established in 1992 by the Roy Foundation to provide financial assistance to Lawrence Academy students.

G ORDON ’67 AND E LIZABETH A LLING S EWALL F UND FOR F INANCIAL A ID $132,882

Established by Gordon Sewall ’67 in 2018 in memory of his wife, Elizabeth, this fund provides financial aid to Lawrence Academy.

D AVID M. S TONE AND K AREN L. S TONE S CHOLARSHIP F UND $767,372

Established in 2001 by the Stone Family, this financial aid award is given to students of high academic potential who also have a strong likelihood for involvement in other areas of school life, such as the arts, athletics, student leadership, or community service.

K EVIN W HITE ’96 E NDOWED F UND FOR F INANCIAL A ID

This financial aid fund was established in 2017 by Kelley Duggan Sorrow ’96, family, and friends in memory of Kevin White ’96

M ARGARET P RICE W HITE P’69, ’75 E NDOWMENT F UND

This financial aid fund was established in 1999 in memory of Margaret Price White by her husband, Robert White ’40, her son Richard ’69, and her daughters, Nancy ’75 and Janet.

B ENJAMIN D. W ILLIAMS III T UITION LOAN F UND

This financial aid fund was created by Mr. and Mrs. Benjamin Foster P’76, ’77, ’79; GP’10, ’12, ’13, ’16 in 1971, in recognition of Mr. Williams’ leadership of Lawrence Academy (1969-1984) as a school that seeks to help its students develop their individual strengths and talents to their fullest potential in academics, athletics, and extracurricular activities.

D AVID S OREN Y EUTTER ’84 M EMORIAL F UND

This memorial scholarship fund was established in 1985 by the Yeutter Family.

$64,089

$71,213

$58,247

$60,067

J ACQUELIN C. G LASSIE ’08 F RIENDSHIP & PIANO C OMPOSITION AWARD E NDOWED F UND FOR F INANCIAL A ID $32,212

James S. Gilmore III ’71, Gweneth R. Gilmore ’08, and Marcia S. Glassie P’08 created this fund in 2019 in memory of Jacqui Glassie ’08. This award, which will be presented every two years to a sophomore or junior student, enables the award winner and a friend, accompanied by an LA teacher, to attend a dinner in Boston followed by an evening with the Boston Symphony or Boston Pops. They will travel by private limousine from LA to Boston and back.

T HE O’R EILLY FAMILY F OUNDATION E NDOWED F UND FOR F INANCIAL A ID

This endowment was established by Devin and Leslie O’Reilly P’24 in 2020 to provide financial assistance to high-achieving Lawrence Academy students of color from underrepresented communities.

$298,254

T HE R ICHARD H. G AGNÉ W INTERIM P’85 S CHOLARSHIP F UND $605,329

Established by the Alumni Council in 1999, this fund provides support for Winterim financial aid.

A NDREW K. R ISEBERG ’88 W INTERIM E NDOWED F UND $32,544

Established in 2017 in memory of Andrew K. Riseberg ’88 by his mother, Marilyn J. Riseberg, and sister, Jocelyn Riseberg Scheirer, this fund provides financial aid support for Winterim.

C LAIRE S ALTONSTALL ’76 M EMORIAL W INTERIM S CHOLARSHIP F UND $90,418

Established in 1974 in memory of Claire Saltonstall ’76 by the Saltonstall Family, this fund provides Winterim financial aid.

T HOMAS B. WARNER ’75 S CHOLARSHIP F UND $154,031

Established by friends and family of Tom Warner ’75, this fund provides financial aid each year for two rising seniors to help pay for their senior-year Winterim. The balance of the income from the fund will go to general Winterim scholarships and school books and supplies.

S ANFORD W ILLIAMS P’77, ’79 FAMILY E NDOWMENT F UND FOR W INTERIM S CHOLARSHIPS

Established in 2003 by the family of Sanford Williams P’77, ’79, this fund supports Winterim financial aid at Lawrence Academy.

$33,843

C ONWAY E NDOWMENT F UND FOR W INTERIM S CHOLARSHIPS

This fund was established by Jim and Ann Conway P’98, ’01, ’03 in 2001 to give full Winterim scholarships to deserving students each year.

J AY ’68 AND M ARY-PAT G IBSON W INTERIM F INANCIAL A ID E NDOWMENT FUND

This fund was established in 2022 by Jay ’68 and Mary-Pat Gibson to support students’ discovery of their life’s passions inspired by their Winterim experience. The income will support Winterim financial aid for deserving students.

Unrestricted

E NDOWMENT – U NRESTRICTED

This fund was established through the generosity of all the school’s non-restricted endowment donors.

$249,711

$75,647

$3,949,538

B RIGGS E NDOWMENT F UND $568,383

This general endowment fund was established in 2003 by the estate of Alden Briggs ’54

D ONNELLY E NDOWMENT F UND $174,739

This fund was established in 2012 to support the operations of Lawrence Academy.

F RED AND E LIZABETH G RAY P’45 F UND

This fund was established in 2019 by John and Peg Royse in honor of Peg’s parents, Fred and Elizabeth Gray P’45

Other

$70,242

S HANKLIN E NDOWMENT F UND FOR FACULTY C OMPENSATION AND BUILDINGS AND G ROUNDS $2,413,205

Established in 1999 by Norm Shanklin ’76 and the Shanklin family, this fund supports faculty compensation and buildings and grounds at Lawrence Academy.

S TEVE AND T RIM H AHN P’96, ’99 E NDOWMENT F UND FOR S TUDENT L EADERSHIP $268,425

Created in honor of Steve (head of school, 1984-2003) and Trim Hahn in 2003, this endowment supports extraordinary opportunities for Lawrence Academy students to develop and apply leadership skills within the Lawrence Academy community and to participate in workshops, conferences, and activities that promote individual leadership and the leadership of LA students in a global context.

S HEEDY F UND $128,234

This fund supports the maintenance budget at Lawrence Academy.

M ARK FAMILY F OUNDATION S TUDENT C ENTER F UND $167,232

Established in 1980 by former trustee and former faculty member Peter Mark ’64, this fund supports the student center and student lounge.

P RIZE F UND $190,744

This fund represents all the prizes historically given by the school to its students.

C LASS OF 1999 E NDOWMENT F UND FOR S ENIOR L EADERSHIP

Established in 1999 by parents of the Class of 1999, this fund provides support for senior leadership opportunities.

L AWRENCE ACADEMY E NDOWMENT F UND FOR S ERVICE , S OCIAL J USTICE , AND G LOBAL AWARENESS

Established by the Dunn Family Charitable Foundation in 2001, this fund supports the Greater Good Award and community service Winterim opportunities.

$47,613

$293,282

T HE C LASS OF 2021 S ENIOR C LASS ACTIVITIES F UND $100,705

Established by families of the Class of 2021, this fund supports special activities and events for seniors in their final year at Lawrence Academy.

R ICHARD A. J EFFERS H ERITAGE C ENTER E NDOWMENT F UND $71,599

Established in 2022 by the Class of 1972 to honor their 50th reunion and Richard Jeffers, teacher, coach, and dorm parent. Income will support and maintain the Richard A. Jeffers Heritage Center, the LA school archives, in perpetuity.