Report on Philanthropy
Everything that Mercersburg Academy is and does is enhanced by the incredible generosity of the alumni, parents, and friends who invest in our school every year.
- 2022-2023 ANNUAL GIVING SUMMARY
- WHY MERCERSBURG’S PHILANTHROPIC MODEL IS SO IMPORTANT
- ENDOWMENT PERFORMANCE OVERVIEW
- ENDOWED FUNDS
2022-2023 ANNUAL GIVING SUMMARY
2022-2023 Annual Giving Summary
Total Philanthropic Support: $13,723,365
| ANNUAL FUND DOLLARS |
$4,062,688 |
| NUMBER OF DONORS |
2,641 |
| ANNUAL FUND GIFT PER STUDENT (provided by the Annual Fund) |
$9,109 |
| ANNUAL FUND AS A PERCENTAGE OF THE OPERATING BUDGET |
11% |
Annual Fund: A 10-Year Snapshot
William Mann Irvine Society
1893 Club
WHY MERCERSBURG’S PHILANTHROPIC MODEL IS SO IMPORTANT
The school’s financial model is comprised of three primary elements:
Tuition supports direct costs associated with educating students that are not already underpinned by other sources. For the 2023-2024 academic year, there is a gap of nearly $12,000 per student between tuition and the true cost of a Mercersburg education. That gap is bridged by philanthropic support through the endowment and the Annual Fund.
The endowment is made up of hundreds of funds provided by generous alumni, parents, and friends of Mercersburg. Each of these donors decides how the school will utilize their endowed gift (e.g., financial aid, faculty professional development, athletics, the arts, unrestricted, etc.). The principal of the fund is not spent, but rather a percentage (currently 3.75) of the 12-quarter average of the fund’s market value is used. This helps to smooth any fluctuations in market values and allows for a steady stream of income in perpetuity for the purpose expressed by the donor.
The Annual Fund provides ongoing support on a year-to-year basis to cover needs above what tuition dollars and the endowment supply. Without an Annual Fund (approximately $4 million annually), the school would need to immediately raise more than $100 million in endowed funds or to unsustainably raise tuition dollars to produce the same services Mercersburg is able to provide each year.
Each of these three elements serves an important role to ensure Mercersburg’s robust academic and extracurricular offerings, highly trained faculty and staff, speakers of national prominence, experiential learning opportunities, and more.
2023-2024 Budgeted Revenue
In addition, private support makes possible all new buildings and spaces so the school’s facilities can furnish a compelling and inspiring backdrop to Mercersburg’s incredible programs, while also serving the practical needs of talented faculty. Philanthropy ensures that no tuition dollars are ever circumvented from student-centered needs to establish the spaces where learning takes place.
Mercersburg is proud of its ability to rely upon the generosity of those who know the school best and that our financial model allows students to receive an extraordinary education.
ENDOWMENT PERFORMANCE OVERVIEW
Endowment Performance
We are pleased to provide this report on the Mercersburg Academy endowment for the fiscal year ending June 30, 2023.
Thanks to the generosity of donors and the stewardship of the Board of Regents’ Investment Committee, we are able to carry on the mission of Mercersburg Academy and offer a strong and vibrant education to 446 students from across the country and around the world.
All data as of June 30, 2023.
Value
The purpose of the Mercersburg Academy endowment is to support the people, programs, and activities of the school in perpetuity. Over the years, growth of the endowment through investment returns and philanthropic support has enabled the school to offer financial aid to qualified students, to attract, retain, and develop an excellent faculty, and to provide programs that enrich the lives of the entire Mercersburg community.
Fiscal Year Endowment Return
Number of Endowed Funds
Spending On Operations
Asset Allocation
Liquidity
Gifts to Endowment
Returns
The long-term performance of the endowment is critical to the school’s financial health. The three-, five-, and 10-year returns have all exceeded their respective benchmarks.
Performance
The endowment is managed in accordance with the Investment Policy Statement last amended by the Board of Regents on May 13, 2022. The investment objectives of the endowment are the preservation and enhancement of the endowment’s inflationadjusted purchasing power in order to provide a stable flow of support for the school’s annual operations while preserving the purchasing power of the endowment in perpetuity
ENDOWED FUNDS
Endowed Funds
- Financial Aid
- Faculty Support
- Program Support and Other Funds
- Prizes
- Facilities
- Donor-Directed Undesignated Purpose
- Unrestricted
Financial Aid
Endowed funds allow Mercersburg Academy to accept the strongest students, regardless of their family’s financial status. In 2021–2022, the financial aid budget was $8.1 million, and 48 percent of all students received financial aid, with an average boarding award of $40,237. Total Financial Aid Funds have a market value of $104,729,558.
The Carol Amorocho Class of ’81 Scholarship Fund
Preston F. and Mary Ida Amspacher Scholarship Fund
Arce Scholars Additional Support Fund
Arce Scholar Endowed Fund
Area Student Scholarship Fund
Ash-Tchobanoglous Family Scholarship Fund
George W. Baxter ’36 Scholarship Fund
T. Edmund Beck ’22 Scholarship Fund
Lansing H. Bennett ’44 Memorial Scholarship Fund
Barbara and Russell ’37 Blaisdell Scholarship Fund
Douglas O. Blaney ’66 Memorial Scholarship Fund
The David Bliley ’58, P ’01 Memorial Scholarship Fund
John W. Bowman ’64 Scholarship Fund
Douglas S. Brown ’41 Scholarship Fund
Wilbur F. Brown (1911) Scholarship Fund
Bouldin G. Burbank Scholarship Fund
Linda and Thomas P. Cahalan ’65 Scholarship Fund
S. Erin Carey ’91 Memorial Scholarship Fund
Central Pennsylvania Minority Scholarship Fund
H. Ward Christopher ’43 Memorial Scholarship Fund
Class of ’49 Scholarship Fund
Class of 1950 Endowed Scholarship Fund
Class of ’54 Scholarship Fund
Class of 1955 Scholarship Fund
The Class of 1961 Scholarship Fund
Class of ’63 Scholarship Fund
Class of ’65 Scholarship Fund
Class of 1968 Memorial Scholarship Fund
Class of ’80 Scholarship Fund
Class of ’82 Scholarship Fund
Class of ’83 Scholarship Fund
Class of ’84 Scholarship Fund
Class of ’85 Scholarship Fund
Class of ’86 Scholarship Fund
Class of ’87 Scholarship Fund
Class of ’88 Scholarship Fund
Class of ’90 Scholarship Fund
Class of ’93 Scholarship Fund
Class of ’94 Scholarship Fund
Class of 1997 Scholarship Fund
The Thomas Lucian Cline Endowed Scholarship Fund
Coach John M. Miller Swimming Scholarship Fund
Thomas C. Cochran Jr. Class of 1938 Educational Fund
Crago Family Endowed Scholarship Fund
James B. Crawford II ’38 Memorial Scholarship Fund
Anne Ford and C. Benjamin Crisman ’32 Scholarship Fund
John H. Culbertson ’24 Scholarship Fund
Davenport Family Scholarship Fund
William E. Davis ’49 Memorial Scholarship Fund
Ashley (Ned) DeWolf ’23 Scholarship Fund
Bayard C. Dickinson (1904) Scholarship Fund
Lucy and Robert W. Donehower ’37 Endowed Scholarship Fund
Peyton and Tod Duncanson ’41 Scholarship Fund
Robert F. Edgar Jr. ’46 and Patricia P. Edgar Scholarship Fund
Margaret C. and Charles E. Elting ’34 Scholarship Fund
Helen L. and John H. Eves ’44 Scholarship Fund
Faculty Scholarship Fund
David Lloyd Fillman ’56 Scholarship Fund
Esther C. and Thomas M. Flanagan ’38 Scholarship Fund
Lena Manley Flanagan Scholarship Fund
Roger G. Flynn Jr. ’68 Memorial Scholarship Fund
John W. Fox ’55 Scholarship Endowed Fund
Joanne Flynn Frantz and David O. Frantz ’60 Endowed Scholarship Fund
Donald B. Freedman, M.D. Scholarship Fund
Leonard S. and Lucille E. Fry Scholarship Fund
General Scholarship Fund
Eugene P. Gillespie ’36 Scholarship Fund
W. Lang Glotfelty ’59 Endowed Scholarship Fund
Goldman Family Endowed Fund
Goodyear International Foundation Trust
Norris W. and Thelma V. Grabill Scholarship Fund
Graham Family Scholarship Fund
Cora I. and John L. Grove Scholarship Fund
The M.S. Grumbacher Foundation Endowed Scholarship Fund
Kathleen and Steven Guttman ’64 Family Scholars Endowed Fund
Susan C. Ross and Thomas B. Hadzor ’72 Endowed Scholarship Fund
Douglas Hale Scholars Endowed Fund
Andrew W. Hall ’88 Scholarship Fund
Lester and Carl Hamburg Foundation Scholarship
Mary J. Hanks and George R. Hanks (1911) Scholarship Fund
Eric E. Harris Scholarship Fund
Henry M. Hartman ’34 Scholarship Fund
Head of School’s Endowed Scholarship Fund
Finley B. Hess ’24 Scholarship Fund
Donald D. Hill Scholarship Fund
Samuel S. Hill Jr. (1918) Memorial Scholarship Fund
Dorothea and Lewis Hitzrot Scholarship Fund
Ralph Erdman Holben ’35 Scholarship Fund
William W. Howard Scholarship Fund
Gail and Robert Hunter ’59 Endowed Scholarship Fund
Earle S. Hurd ’47 Memorial Scholarship Fund
Margaret L. Imler Memorial Scholarship Fund
William R. Jewett ’65 Memorial Scholarship Fund
Alan P. Jones Jr. Family Endowed Scholarship Fund
John E. Jones II ’44 Memorial Scholarship Fund
Erdman Keeler Scholarship Fund
Keizler Family Scholarship Fund
Freeman S. and Alice B. Kennedy Scholarship Fund
Ralph E. Kirkpatrick (1908) Scholarship Fund
Richard P. Klopp ’39 Endowed Scholarship Fund
Jessica and Stephen Kozloff ’58 Endowed Scholarship Fund
Marilyn and Robert M. Kurtz Jr. ’52 Scholarship Fund
Marilyn S. Larson Memorial Scholarship Fund
Latin America Endowed Scholarship Fund
Jane and Stanton Lebouitz ’61 Endowed Scholarship Fund
Leisure Family Scholarship Fund
Lenfest College Preparatory Endowed Scholarship Fund
H.F. (Gerry) Lenfest ’49 Legacy Scholarship
Thomas W. Leslie Jr. ’66 Scholarship Fund
Molly Jones Mancini ’79 Scholarship Fund
George (1913) and Esther Manley Scholarship Fund
Marsh ’01, Gensch ’05, and Kurtz ’09 Family Endowed Scholarship Fund
Edgar M. Masinter Class of ’48 Scholarship Fund
Frank M. Masters (1904) and Frank M. Masters Jr. ’44 Scholarship Fund
Richard J. Mauthe ’43 Scholarship Fund
Gerald R. McCulloh ’56 Scholarship Fund
McDowell Family Scholarship Fund
Richard N. McKee ’45 Scholarship Fund
Theodore C. Meiselman ’66 Memorial Scholarship Fund
The Mellott Brothers Scholarship Endowed Fund
Mendham Family Scholarship Fund
Mercersburg Academy Woman’s Club Scholarship
Military Family Scholarship Endowed Fund
Betsy Mitchell ’83 Scholarship Fund
William Moonan ’35 Memorial Scholarship Fund
Charles H. Moore Jr. ’47 Olympic Gold Scholarship Fund
W. Thomas Morris ’44 Scholarship Fund
George B. Motheral II ’36 Scholarship Fund
Raymon K. Nelson ’75 Scholarship Fund
Allan Neustadt ’46 Scholarship Fund
Sara M. and Robert L. Oyler ’40 Endowed Scholarship Fund
Palmer Family Scholarship Fund
Megan Peffer Memorial Scholarship Fund
Penn Hall Legacy Scholarship
Charles W. ’29 and Robert S. ’58 Perry Scholarship Fund
Leonard Plantz Scholarship Fund
Prentiss Family Scholarship Fund
Medary A. Prentiss (1914) Scholarship Fund
John C. and Sallie E. Pyper Scholarship Fund
John L. "Jay" Quinn Scholarship Fund
Wm. David Ratliff ’74 Scholarship Fund
Reader’s Digest Endowed Scholarship Fund
W.S. Red (1916) Memorial Scholarship Fund
Dr. Frank E. Reeder (1902) Medical Scholarship Fund
Martha J. and Harold F. Reed Jr. ’44 Scholarship Fund
Karl Reisner Scholarship Fund
Katie and Paul Ricciuti Family Scholarship Endowed Fund
Virginia B. and Daniel M. Ricker Jr. ’28 Scholarship Fund
Donald and Sylvia Robinson Scholarship Fund
Tim O. Rockwell Scholarship Fund
Rohrer Family Endowed Scholarship Fund
Barbara and G. Frederick Roll ’30 Scholarship Fund
Rutherford Family Endowed Scholarship Fund
Richard R. Schellenberger ’42 Scholarship Fund
Walter A. Schiffer Jr. ’65 Scholarship Fund
Lilian K. and John R. Schley (1915) Memorial Scholarship Fund
Agnita M. Stine Schreiber Family Endowed Scholarship Fund
S. Spencer Scott (1910) Scholarship Fund
Ruth K. and Thomas H. Shartle ’26 Endowed Scholarship Fund
Alan P. Shepard ’61 Memorial Scholarship Fund
Stephen A. Signorile ’67 Scholarship Fund
Deborah J. Simon ’74 Scholarship Fund
Dr. Frank D. Skinner ’49 Scholarship Fund
Carol and James W. Smith Scholarship Fund
F. Perry Smith Jr. ’35 Memorial Scholarship Fund
Soars Family Scholarship Fund
Richard D. Sollenberger ’68 Fund
Stackpole-Hall Foundation Scholarship Fund
Homer H. Stuart IV ’37 Endowed Scholarship Fund
Stephen J. Szekely Memorial Scholarship Fund
G. Douglas Talbott Endowed Scholarship Fund
Jenny and Nicholas F. Taubman ’53 Scholarship Fund
Katherine M. Titus Award for Leadership Fund
Ida Hildebrand Torrence and Arthur H. Torrence (1909) Scholarship Fund
Anthony Joseph and Nellie Trenga Memorial Scholarship Fund
Robert W. Tunnell ’32 and Robert W. Tunnell Jr. ’72 Scholarship Fund
Craig D. Vail ’38 and Alan P. Vail ’67 Scholarship Fund
Wagner Family Scholarship Endowed Fund
Ruth T. and E. Morrison Webb (1911) Scholarship Fund
Jeanne and George H. Weiler Jr. ’34 Scholarship Fund
Gayle J. Wells Scholarship Fund
Donald Campbell Willard (1904) Scholarship Fund
Joan C. and Wirt S. Winebrenner Jr. ’54 Scholarship Fund
Witmer Family Scholar Endowed Fund
Clarence R. Wolf (1906) Scholarship Fund
Captain Edwin E. Woods Jr. ’44 Memorial Scholarship Fund
The Judy and Allen Zern ’61 Scholarship Fund
Zimmerman Family Scholarship Fund
Faculty Support
Endowed funds that support faculty provide endowed chairs, teaching awards, and professional development and have a total market value of $47,699,235. These funds also support salaries and benefits that help Mercersburg Academy recruit and retain quality faculty.
Ammerman Distinguished Teaching Award for Religious and Interdisciplinary Studies
Archibald H. Rutledge Chair
Barry M. Bergh Fund for Teaching Excellence
Robert R. Black ’25 Chair
Robert R. Black ’25 Faculty Summer Study Fund
Walter H. Burgin Jr. ’53 Chair in Mathematics
David F. Chapman Chair
Duda Family Professional Development Fund
Faculty-Staff Retirement Fund
Esther C. Flanagan H ’84 and Thomas M. Flanagan ’38 Fund for Faculty Professional Development
Edward E. Ford (1912) Fund for Faculty Excellence
William C. and Antoinette T. Fowle Fund for Faculty Excellence
General Faculty Compensation Fund
Norris W. & Thelma V. Grabill Faculty Salary Fund
John L. and Cora I. Grove Chair
Douglas Hale Faculty Endowment
Douglas Hale Teaching Chair
Nancy H. and Thomas S. Heefner ’57 Fund for Faculty Development in the Fine Arts
Joseph F. Huber ’64 Department Chair of Mathematics Endowed Fund
James M. Johnston (1896) Faculty Salary Trust Fund
Marilyn and Robert M. Kurtz Jr. ’52 Chair for American Studies
Mary Keeler Lawrence Distinguished Teaching Chair
George R. Lewis ’55 Family Chair for Learning Services Endowed Fund
Masinter Outdoor Education Leadership Fund
Marjorie McCrae McCulloh Chair for the Library Director
Mrs. L.W. Menard Faculty Compensation Fund
Mercersburg Summer Faculty Institute
Palmer Chair for the Fine Arts
Kathleen and J. Wickliffe Peterson ’65 Fund in Support of Coaching Excellence
C.J. Queenan Jr. ’48 Faculty Leadership Development Fund
Joseph and Helen Regenstein Foundation Chair in British Literature
Florence and John H. Rumbaugh (1907) Chair
Sabbatical/Teaching Intern Program Fund
Jessie Lee and Joseph Fellman Seinsheimer ’32 Fund
Bess Simon Teaching Chair
Deborah Joy Simon Foundation Faculty Support Fund
The John M. Simpson ’62 Faculty Support Fund
James W. Smith Fund in Support of the Carillon Faculty
Judy and Allen Zern ’61 Fund for Achieving Excellence in Mathematics and Sciences
Program Support and Other Funds
Endowed funds that support programs and other purposes enhance the curricular and co-curricular offerings, and also allow the operational budget to focus on immediate needs. Total Program and Other Support Funds have a market value of $28,477,138.
Alumni Council Endowment Fund
Ammerman Family Lecture Series
Kathleen S. and John D. Andervont ’53 Endowed Fund for Biology
Kathleen S. and John D. Andervont ’53 Fund for Outdoor Education
Bryan Barker Chapel Carillon Fund
George W. Baxter ’36 Fund for Support of the Swim Program
Joseph Hilliard Beauregard ’18 Memorial Generosity of Spirit Fund
Rosie Bell Student Support Fund
The Joseph Z. Biegelsen ’49 Fifteen Fund
William I. Bunnell ’58 Memorial Library Fund
Class of 1969 Global Engagement Fund
T.C. Cochran ’38 Family Library Fund
Thomas Creigh Jr. ’29 Faculty Homes Fund
Distler Family Fund for Guest Artists and Student Arts Travel
S. Esther and Paul L. Dunmire Memorial Fund for Support of the Library
Environmental Stewardship Fund
Sarah C. Epstein ’81 Family Fund for Archives Support
Paul W. Eyler, M.D. ’30 Fund for Support of the Life Sciences
Evelyn Kilton (Tina) Fallon Endowment
James D. Fallon Jr. Endowment
Esther C. and Thomas M. Flanagan ’38 Fund for Program Support
Howard Flock ’40 Summer Study Fund
William C. Fowle Fund for the Academy Chapel
Fund for Athletic Excellence
Richard N. Funkhouser ’36 Fund
General Library Fund
General Miscellaneous
William J. Gordon ’66 Fund for Christian Studies
Lucia and Richard ’45 Gray Fund for the Support of Student-Authored Publications
Earle H. Grover Endowed Fund
Peggy Hale Endowed Fund
Stewart and George L. Haller ’24 Physics Fund
William Stucki Hansen ’45 Endowment for the Physical Sciences and Mathematics
Daniel Heefner Fund for Alumni Affairs
John R. Heisler (1912) Library Fund
Carroll H. Hendrickson Memorial Organ Recital Fund
Rick Hendrickson Wrestling Endowment Fund
Wilmarth I. Jacobs Family Library Fund
Jane and Barry Kart ’61 Academic Support Fund
John C.W. Kline ’79 Fund for the Performing Arts
Robert M. and Dorothy Betts Kurtz Carillon Recital Fund
Learning Services Program
Lyon Foundation Technology Fund
Austin V. McClain ’26 Book Fund
Austin V. McClain, Jr. ’52 Memorial Book Fund
Katherine E. McComb Fund
Jane McCurdy Ford Book Fund
Regina Mendelson Fund
Mercersburg Academy Wrestling Fund
Edward D. Miller ’59 Headmaster’s Fund
Miller Family Financial Aid Endowed Fund
Morefield Family Endowment
Alice M. Muhlenfels Special Headmaster’s Discretionary Fund
Outdoor Education Fund
Parents’ Endowment Fund for Chapel Flowers
Alfred F. Pisano Jr. Fund for the Lacrosse Program
J.W. Pritchard ’25 Library Fund
Quinn-Ferguson Seminar Fund
Raeburn Fund for Support of Outdoor Education
Reeder Family Fund for the Performing Arts
Floyd W. Robinson Jr. Writing Fund
Schaff Family Endowment
Taylor H. Seeber (1917) Library Fund
Dora and C. Wells Shartle (1912) Library Fund
Deborah Joy Simon ’74 Endowed Fund for the Arts
Deborah Joy Simon ’74 Endowed Fine Arts Program Fund
Deborah Joy Simon Foundation Program Support Fund
Deborah J. Simon ’74 Head of School Innovation Fund
Deborah J. Simon ’74 Program Advancement Fund
Stackpole-Hall Foundation Fund for Computers
Frederick Swetland Endowment
Sandralee and William Moreau Thompson, M.D. ’61 Fund for Cross Country and Track
Charles S. Tippetts (1912) Library Fund
Carole and W. Edward Walter Family Fund for Curriculum Innovation
Warden Family Endowment Fund for the Life Sciences
D. Louise and Edward S. Young ’43 Endowment
Artiss deVolt and Robert M. Zacharias 1902 Music Fund
Judy and Allen Zern ’61 Family Fund for Student Academic Enrichment Experiences
Judy and Allen Zern ’61 Fund for Innovation in Mathematics and Sciences
Albert E. Zinggeler ’28 Fund
Prizes
Prize funds support both academic and athletic recognition and excellence. Total Prize Funds have a market value of $437,676.
John K. and Mary J. Berger Prize Fund
Eugene Bershatsky Memorial Award for Excellence in Mathematics Endowed Fund
William Paul Buchanan (1916) Prize Fund
Colonel D.F. Wills Prize Fund
Cutshall Cup Fund
Evelyn Kilton (Tina) Fallon Prize
Robert H. Michelet ’30 Memorial Scholarship Prize
Nelson T. Shields, IV ’70 Lacrosse Award
Williams Cup Fund
Facilities
Endowment for facilities allows Mercersburg Academy to maintain the buildings and grounds, consistent with the historic and traditional character of the landscape. Total Facilities Funds have a market value of $8,837,064.
Kathleen S. and John D. Andervont ’53 Endowed Fund for Chapel Windows
The Harold L. Brake ’54 and Courtney L. Shreiner ’04 Family Fund for the Support of Athletic Fields
Thomas H. Brodhead (1919) Fund
Burgin Center for the Arts General Maintenance Fund
Edward E. Ford Foundation Endowment for Maintenance of Ford Hall
Daniel and Mabel Heefner Fund
The Lloyd Family Endowment
Mercersburg Academy Chapel Maintenance Fund
David M. and Janet Rahauser Fund for Maintenance of the Language Department Study
George F. Reed ’52 Endowment in Support of Chapel Organ
Deborah J. Simon ’74 Campus Fund
Camille Irvine Slade Endowment
James M. Stewart ’28 Endowment for Physical Plant Maintenance
Harry E. Stone (1907) Fund for Buildings and Grounds
Brock J. Vinton ’66 and Benjamin Vinton ’67 Fund
Wolcott Family Endowed Fund
Donor-Directed Undesignated Purpose
Undesignated endowed funds are temporarily or permanently unrestricted, and support campus operations. Total Donor-Directed Undesignated Purpose Funds have a market value of $58,733,457.
Dorothy F. and Victor W. Allen (1918) Fund
Kay Mazzo and Albert Bellas ’60 Endowed Fund
Frederick H. Bowis ’50 Fund
W. Walter Braham Fund
Heather and Richard W. Cass ’64 Endowed Fund
Class of ’36 Endowment
Class of ’44 Endowment
Class of ’59 Endowment
Class of ’60 Endowment
Class of 1967 Endowed Fund
Samuel K. Clever Fund
H. William Close ’38 Memorial Fund
John N. Cooper ’28 Fund
Sarah A. and W. Carroll ’50 Coyne Endowment
Donald L. Deininger ’38 Endowment Fund
Patti and Jim Dresher ’67 Endowed Fund
James C. Dunlap ’26 Fund
Walter M. Dunlap Jr. ’34 Fund
Denise Dupre ’76 Endowed Fund
Junius P. Fishburn 1914 Fund
Edward E. Ford (1912) Foundation Fund
Elizabeth and C.M. Gettman 1912 Memorial Fund
Anton Hardt III ’27 Memorial Fund
W.C. Heilman (1896) Fund
Flora T. Keeler Fund
Ralph E. Kirkpatrick 1908 Fund
Tom Lansdale ’72 Memorial Endowment Fund
John H. Lawson (1912) Fund
Legros-Mastovich Family Memorial Endowment Fund
Philip Lindemeyr and Herbert Lindemeyr ’21 Fund
Elizabeth E. Gildea Logie ’81 Fund
Edward D. Miller ’59 Fund
John Howard Montgomery Fund
Harold R. Pursel ’15 and Robert N. Pursel ’22 Memorial Fund
Rutherford-Gruppe Endowed Fund
John M. Seabrook ’35 Memorial Fund
Henry H. ’60 and Linda J. Spire Endowed Fund
Stanley Ernest Crawford (1907) and Robert Percy Crawford (1908) Fund
Harry E. Stone (1907) Endowment Fund
Strict Fund
Aaron Thal ’39 Fund
Trepel Family Memorial Fund
Andrew T. Walter ’37 Memorial Fund
George A. Wood Fund
J. Harry Wood (1899) and Margaretta Wood Maxon Memorial Fund
Mr. and Mrs. George A. Wood Fund
Taku Yamane ’12 Memorial Fund
C.M. Yeakle (1918) Fund
Unrestricted
Endowed funds that are unrestricted are available to meet the highest needs of Mercersburg Academy. Total Unrestricted Funds have a market value of $111,178,294.
Samuel H. Allen (1906) Fund
Marion and Richard Allman ’29 Memorial Fund
Elias H. Bashor (1910) Fund
Helen K. Boone Fund
Eleanor and Robert Booth ’32 Memorial Fund
Lloyd Thomas Bryan (1917) Fund
J. Mahlon Buck (1917) Fund
Robert W. Campbell ’33 Fund
William J. Cox ’24 Fund
Laning R. Davidson ’62 Memorial Fund
Craig C. Fitzpatrick Sr. ’31 Memorial Fund
Helen and Kenneth Gemmill ’28 Fund
William A. Goeddel 1899 Fund
Owen D. Goodfellow ’23 Fund
Merle J. Graham ’28 Fund
Lambert J. Gross ’33 Fund
John L. Grove Fund
Dr. and Mrs. P. Frank Hagerty ’43 Fund
Roscoe W. Hall (1905) Fund
Carl W. Hamilton (1903) Fund
John W. Hanson ’35 Fund
Marion Y. Hartman Fund
Janet French Houston Fund
Harry Janssen Foundation Fund
Truman Jones ’25 Memorial Fund
Fenton O. Keister Jr. ’24 Fund
Lewis H. Kelly (1909) Fund
Milton W. King (1908) Fund
E.W. Kline ’27 Fund
Mark H. Landis 1905 Fund
James P. Leete ’19 Fund
Marguerite and H.F. (Gerry) Lenfest ’49 Fund for Unrestricted Support
C. Pierson Leonard (1917) Fund
John L. McDowell ’56 Fund
Jane and Joseph D. Messler ’31 Memorial Fund
John H. Montgomery Fund
Thomas C. Nevins (1910) Fund
Lucy B. Noble Fund
Maude S. Pugh Fund
Thurlow W. Reed Jr. ’33 Fund
Robert F. Rich (1902) Fund
Phares N. Risser Jr. ’30 Fund
James R. Schumacher ’58 Fund
John Norris Serena Fund
Raymond S. Smith (1913) Fund
John F. Steinbach ’41 Endowment Fund
Alexander Stewart (1914) Fund
Elwood ’44 and Eileen Stitzel Memorial Fund
William R. Stroh ’42 Fund
Robert R. Stone ’31 Fund
Albert M. Swank (1910) Fund
Glenn E. Todd Fund
S. Becker Treat ’21 Fund
Robert C. Tyson ’23 Fund
Joseph K. Vodrey ’22 Fund
Grace and Earl Weaver Jr. ’38 Memorial Fund
Charles M. Wood (1899) Fund