Every Dollar Matched in 2017!
Alumnus Anthony Petrello ’72 and his wife Cynthia announce $1.5 million Matching Gift Challenge for Newark Academy’s Rise & Flourish Campaign.
Inspired by the hundreds of parents, alumni and friends who have supported the transformation of the Newark Academy campus through gifts to Rise & Flourish: The Campaign for Newark Academy, one NA alumnus – Anthony Petrello from the Class of 1972 – and his wife, Cynthia, have created The Petrello Matching Gift Challenge. The Petrellos will match every new gift and pledge to the Rise & Flourish campaign dollar-for-dollar throughout 2017.
Over the past six years, the Newark Academy community has come together to prepare NA for the future through a series of long-needed capital improvements and securing the school’s future financial health by growing the endowment. This generational investment in NA is completely funded through gifts to Rise & Flourish. To date, alumni, parents, faculty, staff, area foundations and others have given $27 million in gifts and pledges. These gifts have enabled Newark Academy to construct a new Upper School Academic Center (opened in 2012), renovate its outdoor athletic facilities (completed in 2014), construct a new Middle School facility (scheduled to open in Fall 2017) and create a $5 million endowment for the Newark Scholars program. The final project of the campaign will be a renovation and expansion of Rose Auditorium.
Every gift at every level has built upon the momentum, inspiring the next donor to join in this unprecedented effort. According to Head of School Don Austin, the gift made by Mr. and Mrs. Petrello is a cause for community-wide celebration. “This gift made by Tony and Cynthia Petrello not only demonstrates the generosity of our alumni, but also provides a wonderful catalyst for all members of our community to become part of this history-making effort.”
The Petrellos’ gift commitment marks the fifth gift of $1 million or more given to the Rise & Flourish campaign. NA parents Jane and Mark Wilf and the Wilf Family Foundation provided the campaign’s lead gift of $2.5 million in 2011. Others providing campaign leadership include NA parents Ruth Redmond Bloom ’80 and Billy Bloom ($1 million), alumnus Philip Kaltenbacher ’55 and the Kaltenbacher Family Foundation ($1million); and NA alumnus Brian ’65 and Sandra Maher ($1 million).
To learn how you can participate, please contact Alisa Laudicina, Senior Advancement Officer for Major Gifts at email@example.com or (973) 992-7000, ext. 309. To learn more about Rise & Flourish: The Campaign for Newark Academy, visit riseandflourish.org.