Support Bement: Other Funds

ENDOWMENTS AND SIMILAR FUNDS
Bement is fortunate to receive generous gifts to endowed funds each year. The funds described below are vital in assisting the operating budget. Annual income from these funds provides for enrichment of the overall educational program, including student financial aid and faculty development.
If you would like to know more please feel free to contact Claudia Pazmany, Director of Alumni/ae & Development, cpazmany@bement.org.

BEEBE MEMORIAL FUND
Established in 1973 by the trustees in memory of William H. Beebe, former business manager.

CLAGETT PROFESSIONAL DEVELOPMENT FUND
Established in 1978 as a bequest of Nancy L. Clagett. The fund has been
augmented by gifts from C. Thomas Clagett, Jr. and family. Income from the fund
provides Bement faculty with opportunities for professional development.

BARTLETT/DREXLER PENSION FUND
Established in 1979 to provide additional pension funds for two former Heads
of the School.

BARTLETT/DREXLER SCHOLARSHIP FUND
Established in 1977 as a challenge grant from an anonymous donor wishing to
provide scholarships in honor of Kay Bartlett and Mary “Gug” Drexler, former
co-Heads of the School.

DORMITORY IMPROVEMENT FUND
Established to improve dormitory facilities.

FOX SCHOLARSHIP FUND
Established in 1999 by a gift from John and Gretchen Fox to support financially
deserving students who represent diversity at Bement, providing them with the
opportunity to participate in all activities and services offered at the School.

FRIEDMAN ESTATE
Amounts received through bequests of both Richard “Johnny” Friedman PFA and
his wife, Betsy Friedman to be used for general purposes and betterment of the school.

LIBRARY ENDOWMENT
Established in 2004 as endowment for the Clagett McLennan Library.

NANCY AND PETER DRAKE SCHOLARSHIP FUND
Established in 1999 by Mr. and Mrs. Henry Flynt, Jr. in honor of the years of dedication and service of Peter Drake, a former Head, and his wife, Nancy Drake.

O’HARE SCHOLARSHIP FUND
Established in 1988 by a gift from Peter Risati in memory of former Bement
student, Amy O’Hare. Recipients of awards are to be upper-school students
of strong character who show athletic promise.

PHILIPS SCHOLARSHIP FUND
Established in 1997 by a bequest from Bessie Wright Phillips.

READER’S DIGEST SCHOLARSHIP FUND
Established in 1972 by a matching gift from the DeWitt Wallace Fund. Income
from the fund is to be used for scholarships to deserving middle-income students
from families demonstrating the potential, and will, to pay a portion of tuition and
fees.

SHEEHAN FARR LUNT SCHOLARSHIP FUND
Established in 1999 by a gift from Sheehan Lunt in appreciation for her years
at Bement and with the hope that others might benefit from the same opportunity.

SIGULER FAMILY FUND
Established in 1999 by a gift from George and Pamela Siguler for general
endowment.

GENERAL SCHOLARSHIP FUND
Amounts received by Bement from numerous sources to provide financial aid to
those who would otherwise be unable to attend Bement