Meet Our Donors
We thank all our planned-gift donors for their generous support. Here are some of their stories.
Lucy and Nat Day '56 provide opportunity for future Salisbury students.
Planned gifts are created by donors during their lifetimes and used to further the School’s mission afterwards. A planned gift, therefore, is a gift across time and a particularly meaningful commitment from one individual (or a family) to an institution.
Salisbury's financial foundation has been built largely by planned gifts. Nathaniel B. Day '56 and his wife Lucy recently notified the School that they have named Salisbury as a beneficiary of a trust that they have established. This gift, presently valued at $1,500,000, will greatly add to Salisbury's endowment and financial foundation. When realized, it will help ensure that others will have the same types of opportunities and experiences that Nat had as a Salisbury student. "I am so thrilled to see how far Salisbury has come," Nat remarked after visiting campus "…and I am very, very proud of it." Nat fondly recalled not only the education he received on the Hilltop, but also the structure and the discipline, all of which are characteristics of a Salisbury education that pays lifelong dividends.
Nat hopes that his gift will inspire and encourage others to explore ways that their own estate planning might yield an opportunity to support Salisbury's mission, its boys and its faculty. As he knows well, generous support is essential for the boys who are here not only today but for those who will matriculate at the Hilltop in the future.
Malafronte Family Endowed Scholarship Makes Immediate Impact
As the first of two Revisit Days for admitted students occurred this March, Salisbury's Admissions Office received some very good and timely news. Julia and Michael W. Malafronte '92 notified the School of their gift to fund a family endowed scholarship in 2012. The generosity and timeliness of this gift will immediately add substantial funding to Salisbury's annual financial aid budget, a critical source of funding for our students and a matter of great importance to the Malafrontes.
"Attracting and Retaining Salisbury Boys" is one of the five key strategic initiatives in the "For The Boys" Campaign. Access to private education carries with it a substantial cost, and Salisbury has committed itself to providing financial aid through endowed scholarships to make a Salisbury education more affordable and achievable. In recent years, as the economy has struggled, the percentage of families applying for financial aid has risen, from 46% in 2007 to 57% in 2010.
A formal program of need-based financial aid has long been a part of Salisbury's mission. It is the partnership with benefactors like Julia and Michael that makes this mission come to life. Their generosity follows the example of others, over many years, that now helps Salisbury to provide aid to 38% of its students.
The Malafrontes hope that their gift will encourage others. During a recent meeting in his midtown New York office, Michael said, "With this gift, we hope that others will consider their own giving to Salisbury, especially as the "For The Boys" kicks into high gear. I was so fortunate that my parents were able to send me to Salisbury - an experience for which I am grateful to this day. I firmly believe that my time at the School has enriched my life with lasting experiences and lessons upon which I continue to reflect. Julia and I are thrilled to be able to provide what I hope are similar opportunities for future Salisbury students."
That is great news for current and future students, and the Salisbury Admissions Office who is on the forefront of "Attracting and Retaining Salisbury Boys."