A N N U A L R E P O R T - Nichols School

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34 Mr. Reginald V. Williams, Jr. Mr. Charles L. Yeager Class of 1950 Mr. Thomas R. Flickinger Class of 1951 Mr. James M. Dillon Mr. Stephen S. Gurney Mr. Edwin M. Johnston, Jr. Mr. David W. McCain Mr. William J. Regan, Jr. Mr. Alfred W.Rossow, Jr. Mr. Roger D. Severance Mr. Richard W. Shaughnessy Mr. John H. Wood (D) Class of 1952 Mr. Harold M. Graham Mr. Richard W. Miller (D) Class of 1953 Mr. Willard C. Frank, Jr. Class of 1954 Mr. Denis Doyle Mr. Kalman Ruttenstein (D) Mr. Albert B. Wende Mr. C. Penn Wettlaufer (D) Class of 1955 Dr. John M. Wadsworth Class of 1957 Mr. F. Peter Boer Mr. James W. Greene II Mr. John B. Henry Dr. Charles A. Smith, II Mr. David Wharton, III (D) Class of 1958 Mr. Stuart H. Angert Dr. William F. Clayton Mr. Howard T. Saperston, Jr. Class of 1959 Mr. John W. Henrich Class of 1960 Mr. William N. Hudson, Jr. Mr. Donald W. Koch (D) Class of 1961 Mr. Richard B. Adams Mr. G. Robert Moeschler, Jr. Mr. Kenneth M. Neil Class of 1962 Mr. Robert P. Lentz, III Class of 1963 Mr. Warren B. Gelman Mr. William B. Loweth Dr. L. Sandy Maisel Mr. John N. Walsh, III Class of 1964 Mr. P. Jeffrey Birtch Mr. Howard L. Schweitzer Mr. Kevin M. Wyckoff Class of 1965 Mr. Richard B. Benson Class of 1966 Mr. Theodore C. Jewett II Mr. Bertram B. Parker Mr. John A. Mitchell Mr. Robert F. Rahn Class of 1969 Mr. Jerry S. Ivers Class of 1970 Mr. William G. Gisel, Jr. Mr. Edward W. Suor Class of 1972 Mr. John Mineo Mr. Edward F. Walsh, Jr. Class of 1974 Mrs. Eliz. Rydzynski Hulley Mr. Gregory D. Stevens Class of 1975 Mr. Neal V. Fatin, III Mrs. Elizabeth Stevens Gurney Class of 1976 Mr. Brian D. Dillon Ms. Katharine Jebb Norton Mr. Stephen J. Wydysh Class of 1977 Mr. John C. Farmelo Mrs. Anne Desbecker Sofarelli Class of 1978 Mrs. Stacey Fell Milne Class of 1979 Mr. Jeffrey T. Clifford Class of 1980 Dr. R. Reed Stevens Class of 1984 Ms. Susan E. Hanifin Miss Joy C. Trotter Class of 1987 Mr. Mark H. Yellen NICHOLS SCHOOL ANNUAL REPORT 2006-2007 Class of 1990 Mr. W. Scott Saperston Class of 1991 Mr. Kenneth R. Robinson Class of 1992 Capt. Elizabeth Boll-Faris Faculty and Staff Mr. Richard C. Bryan, Jr. Dr. Anne R. Clauss Mr. Neil R. Farmelo Mr. Guy M. Johnson Mr. H. Richard MacKinder (D) Mr. Millard Sessions Mrs. Mary Sykes Mr. Albert Sutter Mrs. Ginna Walsh Friends Mrs. Marian C. Arms (D) Mr. Charles E. Balbach Mrs. Margaret C. Balbach (D) Mr. James Benson (D) Mr. Keith A. Blakeley Rev. Judith B. Bryan Mr. David N. Campbell Mrs. Gay Campbell Mr. Joseph J. Castiglia Mrs. Virginia L. Duffy (D) Mrs. Doris Farmelo Mrs. Sue Gardner Mrs. Patricia Gelman Mrs. Marion Goodyear (D) Mr. Richard M. Hemenway (D) Mrs. Gerald B. Henry (D) Mrs. Margaret W. Henry (D) Mr. Sherlock A. Herrick, Jr. Mr. Charles R. Hoff Mrs. James G. Hurley Mr. Clinton F. Ivins, Jr. Mrs. Thomas A. Jebb Mr. N. Michael Keiser (D) Mr. Chauncey C. Kennedy Mrs. Patricia M. Kennedy Mrs. Jean Knox Mr. Seymour H. Knox, III (D) Dr. Richard Lee Dr. Oscar J. Llugany Mrs. Kate Ennis Mabette (D) Mrs. Claire McGowan Mrs. Garfield L. Miller, Jr. Mrs. Elizabeth S. Mitchell Mrs. Alice L. Peek Mrs. Jane Perry (D) Mrs. Sharon A. Randaccio Mr. Wayne R. Reilly Mrs. Mary Saperston Mrs. Martha S. Scheu Mrs. Carolyn Schnatz Mrs. Catherine Schweitzer Mrs. Alma C. Scully Mr. Robert L. Stone Mrs. Marilyn Stradella (D) Mr. Gerald R. Strauss Mrs. Sue W. Strauss Mrs. Harlan J. Swift (D) Mr. Christopher Wadsworth Ms. Peggy Jane Wells (D) Nichols School Endowment Nichols School endowment was at $20.9 million on 6/30/07. By policy, approximately 5% of a three year average of the principal value is used by the School to support its various programs each year. Included in the total fund are many named funds, some of which are restricted for various purposes such as scholarships and awards. The following is a list of the existing named funds along with a brief description of purpose. (The market value as of June 30, 2007 is shown in parenthesis.) Scholarship Funds Nichols School is extremely grateful for all those who have contributed endowed scholarship funds. Such funds are fundamental to the support of our students, and we take pride in listing these funds in our Annual Report. The Charles E. Balbach Scholarship This fund was established in 1997 by the Board of Trustees, in honor of Charles E. Balbach, for his dedication and commitment to The Campaign for Nichols School. This scholarship is awarded to a young person of ability who has yet to demonstrate his or her full potential. This opportunity reaches out to the student at the margin, who we hope will discover that the demands of the Nichols School curriculum and its faculty will bring out his or her untapped talents. This one-year, non-renewable scholarship is designated for a candidate for the Upper School who demonstrates financial need. ($429,417) Boocock Memorial Scholarship This fund was established in memory of Philip M. B. Boocock ’22 alumnus and Headmaster of Nichols for over 35 years. Memorial gifts for his brother William Boocock ’18 were later added in 1984. Each year a deserving student is selected as the recipient. ($116,387)
Keith Celniker ’84 Memorial Fund Keith Celniker died on the eve of his graduation from Nichols. A scholarship is awarded to a deserving student who demonstrates many of Keith’s outstanding attributes. ($134,677) Eames and Guida Donaldson Scholarship Fund This is an endowed scholarship established by the family of Eames and Guida Donaldson. Each year a recipient is selected based on financial need and overall contributions to the School community. ($320,147) Duffy–Leahy Memorial Scholarship Fund In memory of Charles G. Duffy, Jr. and Virginia Leahy Duffy, established in 1999 through the One Community Campaign, this fund is designed to support minority students, preferably Buffalo Prep graduates, who meet the Nichols School admissions criteria. ($299,166) Neil Farmelo Scholarship Fund This fund was established by Neil Farmelo when he was Chairman of the Board of Trustees and Nichols was beginning to see the need to increase endowment. The income from this endowed scholarship fund supports one or more students that qualify through the Nichols School Financial Aid Program. ($616,212) Endowment Report for the fiscal year ending 6/30/07 Goldome Foundation This fund was established by the Goldome Foundation in 1997 to fund a Buffalo Prep student. The Buffalo Prep program, which began in 1990, assists academically motivated African American, Hispanic American and Native American students with placement in college preparatory schools. ($121,046) Walter Goldstein ’48 Memorial Scholarship This fund was established in 1992 through the estate of Walter J. Goldstein ’48. It was Walter’s wish that a scholarship fund be set up for a deserving student who might not otherwise be able to afford the tuition, in hopes of giving that student a start in life similar to the start Walter so appreciated. ($497,987) HSBC Scholarship Fund This scholarship was established as a part of the One Community campaign by HSBC, out of their Western New York headquarters. It is dedicated to provide tuition aid to minority students at Nichols School. ($114,503) Henrich Scholarship This is an endowed scholarship fund established in 1973 by Mr. & Mrs. Ralph E. Henrich and their son, John. Mr. Henrich is a former trustee of Nichols and John is an alumnus of the class of 1959, a former trustee and father of four Nichols graduates. This scholarship is given to a I. Market Value as of 6/30/06 $18,295,787 A. Additions and Enhancements 1. Gifts $430,541 2. Investment Return (a) Dividends and Interest 547,504 (b) Capital Gains Realized 2,247,431 (c) Capital Gains - Unrealized 151,967 Total Additions and Enhancements $3,377,443 B. Applications and Distributions 1. Scholarship, Awards and Special Programs $460,771 2. Faculty Enrichment 67,611 3. Operations 264,957 Total Applications and Distributions ($793,339) II. Market Value as of 6/30/07 $20,879,891 III.Net Gain $ 2,584,104 female in the Upper School based on financial need, integrity and contributions of the student. ($214,966) Dwight D. Hopkins Scholarship Fund Dwight, an alumnus of the class of 1949, president of the Alumni Board, and father of three Nichols graduates, died on August 5, 1981. Several of his classmates decided to establish a scholarship in his memory. This scholarship is given to a student who has demonstrated financial need and has contributed to the School in both academics and athletics. ($90,936) Dudley M. Irwin, III Scholarship This scholarship was established in memory of Dudley M. Irwin, III, a member of the class of 1945, by his parents, Mr. & Mrs. Dudley M. Irwin, Jr., and a group of his friends. The Irwin scholarship recognizes an Upper School student who has financial need and who has shown talent in academics and extra-curricular activities at Nichols. ($66,458) Jay Kahle Memorial Scholarship The Jay Kahle Memorial Scholarship was established in 1979, in memory of Jay Kahle, a member of the class of 1952. The scholarship is awarded annually to an Upper School student with average grades, who demonstrates those qualities and characteristics which his family and friends admired in Jay - leadership, athletic ability, determination, courage, sense of humor and a desire to succeed. ($181,513) Seymour H. Knox Scholarship Fund This scholarship was established in 1988 by Seymour H. Knox ’15 in recognition both of his philanthropy and of his inestimable contribution to the artistic richness and prominence in this community. The Knox Scholarship is awarded to students who show promise in the arts. ($259,641) Christian D. Laettner Scholarship This fund was established as part of the One Community campaign by alumnus Christian Laettner ’88. The income will support students deserving of financial assistance. ($110,964) Judgy Lytle Scholarship Fund Judgy Lytle died in 1965. He was a graduate of the class of 1964. A group of his friends established the fund to provide scholarships for entering ninth graders. A recipient must be an able student with a capacity for excellence when inspired, an enthusiastic athlete, and a loyal and sympathetic friend. ($3,490,347) Allen E. Neil Scholarship Fund This endowed scholarship fund, which was established by Mr. Allen Neil and his son Kenneth ’61, provides financial assistance to a deserving student or students. ($98,393) Dr. & Mrs. Oscar J. Oberkircher Scholar Begun in 1978, this endowed scholarship was established by Flora Oberkircher and her sons, Oscar R. ’54, and Paul ’51 in memory of Dr. Oscar J. Oberkircher. ($216,931) Reader’s Digest Scholarship Fund DeWitt Wallace, founder of The Reader’s Digest, established this endowed scholarship in 1976, to be awarded to two or three students from middle income families. ($176,231) Clark T. Roberts ’14 Memorial Scholarship This scholarship, established in 1995 through the estate of Mary Roberts, provides tuition assistance to deserving students who express interest in athletics, especially track and field. ($198,568) Christopher Cole Scheu ’75 Memorial Scholarship This scholarship was established in 1985 following the death of Chris Scheu, an outstanding member of the class of 1975, by the Scheu Family and friends. The scholarship is given to a freshman student who has demonstrated interest in community service, the arts and science. The selection is based on financial need and, once awarded, the recipient will likely be named through graduation. ($371,750) Robert L. Stone Family Scholarship Fund Established in 2000, this fund provides scholarship assistance to students in the Upper School who strive to be the best they can be in the classroom, the Nichols community, sports and within and outside of school. ($679,998) G. Robert Strauss, Jr. ’79 Scholarship Award This scholarship was developed in 1989 by the Strauss family and is presented annually at Awards Day to a junior who exemplifies the characteristics most 35
Page 1 and 2: A N N U A L R E P O R T
Page 3: Dear Friends: We hope you will enjo
Page 6: 6 Background: Nichols School class
Page 10: 10 Background: Nichols School class
Page 13 and 14: Dear Friends: At the close of the 2
Page 15 and 16: 2006—2007 Annual Fund Chairperson
Page 17 and 18: Mr. & Mrs. Michael R. Brannen Mr. &
Page 19 and 20: Andrew L. Smith Carl A. Stover Thom
Page 21 and 22: Class of 1967/38% 40th Reunion Thom
Page 23 and 24: *Mark N. Roberts Melinda Sanders Pe
Page 25 and 26: John B. Henry, George C. Morris, Ch
Page 27 and 28: Mr. & Mrs. Mike O’Brien Ms. Shelb
Page 29 and 30: Mr. Joseph T. Vanini ’87 Mrs. Gin
Page 31 and 32: Matching Gift Companies Nichols Sch
Page 33: Verizon Scott & Mary Vershay Visual
Page 37 and 38: Endowment Fund 6/30/07 Total Market
Page 39 and 40: Thank you again for your generosity

A N N U A L R E P O R T - Nichols School

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