12 in ’12

One dozen endowment funds were established during Fiscal Year 2012. Here’s how these gifts will benefit TCNJ in perpetuity.

Words by TCNJ's editorial staff

One of the College’s most successful fundraising years ever was highlighted by an increase in the number of endowed funds established and awarded for the first time. Here’s how these gifts will benefit TCNJ in perpetuity:

James Boatwright Scholarship
Established in honor of the longtime EOF director at TCNJ, this scholarship benefits a high-achieving junior or senior in the
EOF Program. Leonory Rodriguez ’13 is the current recipient.

Dr. Sixta and Student Memorial Scholarship
To honor their former classmates and professor who died in an October 1959 bus crash, the Classes of 1960, 1961, and 1962 dedicated their 50th Reunion gifts to establish a scholarship for education majors with financial need.

Mayo Entrepreneurial Fund
Established by Finance Professor Herbert Mayo, the fund provides prize money for the Mayo Business Plan Competition, an entrepreneurial challenge open to TCNJ students from any major.

Mildred and Ernest E. Mayo Concert Hall Fund
Earnings from this endowment were utilized for the first time in FY 2012. The fund supports the Performing Arts Series in the School of the Arts and Communication.

Accounting Endowment Fund
Created in large part through the generosity of TCNJ Foundation Board of Directors member Shawn C. Rogers ’93, this fund provides programmatic support in the accounting department.

Peter and Catherine Martinac Scholarship Fund
Terri Martinac’s parents did not have the opportunity to attend high school or college, yet they valued education and provided Terri the opportunity to attend TCNJ. As a tribute to them, the Class of 1972 and 1973 (MEd) alumna created this fund in their names; it supports music students because the Martinacs were music lovers.

Newton P. Collinson Scholarship Fund
James (’71, MEd ’80) and Kathy Gater established this fund to honor Kathy’s late father. The scholarship supports an education major, with preference given to non-traditional students pursuing a second career. Sarah Drum ’15 is the current recipient.

Joseph F. Shelley Scholarship Fund
Established in honor of the late professor, this scholarship supports mechanical engineering students. Andrew Specian ’14 is the current recipient.

Bonner Endowment Fund
A $500,000 gift from the Corella and Bertram F. Bonner Foundation established this fund. It provides programmatic support for TCNJ’s Bonner Program, which enlists students who serve their communities.

Mary Myketiuk Scholarship Fund
Mary Myketiuk ’34 wanted to do something that would help others and keep her family name alive. Her gift created multiple annual scholarships for education majors that are awarded based on financial need and academic standing.

Barbara Gitenstein Scholarship Fund
Created by friends and colleagues of President Gitenstein in honor of her 10th year at the College, this fund helps TCNJ attract and retain top merit scholars. Music major Jasmine Chen ’15 is the current recipient.

Gladys M. Word Endowment Fund
Established in honor of the late nursing professor, this fund provides programmatic support for the clinical simulation laboratory.

What’s the difference between endowed giving and annual giving?
Simply put, donations to the annual fund support current-use needs, while endowment gifts are invested and live on in perpetuity. Because of this, many people establish endowed funds to honor someone who made a significant impact in their lives.

How is an endowed fund created?
There are numerous ways, such as through a planned gift, a multi-year commitment, or a combination of gift options.
Development staff can help donors decide what method is best for them.

How much does it cost and how does it work?
The minimum amount to create an endowed fund is $25,000. TCNJ Foundation invests the principal (financial gifts), and  a percentage of the income provides financial support to the purpose designated by the donor.

Want to learn more?
Contact the Office of Development at 609.771.2393 for more information.