In 1968, 56 years after Park’s founding, the Board of Trustees launched a fundraising campaign to initiate an endowment so that Park would have a lasting source of income. Donations to the endowment are subject to a requirement that the principal be maintained intact in perpetuity. The dollars collected in the endowment are invested. The income derived from the interest earned can contribute 4.6 percent towards the operating budget each year. In years when the investment yields more than 5 percent, the overage is added to the endowment total.
Lucky Mallonee was the son of two faculty members who met at Park and one of six siblings to receive his diploma from the school. While a student here, Lucky had a storied athletic career playing soccer, basketball, and lacrosse. After graduating from Johns Hopkins University, Lucky returned to Park in 1967 and taught social studies, physical education, and coached soccer, basketball, and lacrosse. From the ’70s on, Lucky was the head coach for the Boys’ Varsity Soccer and Boys’ Varsity Lacrosse teams. The Lucky Mallonee ’62 Fund was established to provide tuition assistance to male Upper School athletes who are hard-working, fierce competitors, and true sportsmen. On the occasion of his retirement in 2015, after Lucky’s incredible 48-year commitment, Park undertook a drive to raise enough funds so that The Lucky Mallonee ’62 Tuition Assistance Fund will endow the equivalent of a full tuition for an Upper School student-athlete who qualifies for need-based tuition assistance.
Created in 2006, The Nick Watson ’03 Memorial Scholarship Fund was established by Nick’s family in response to his tragic death. Nick’s Fund is endowed, which provides another way to keep his name forever a part of Park School and to honor his desire to provide for others. The fund is designed to benefit a student who qualifies for tuition assistance, and who also exemplifies the many outstanding characteristics that made Nick such a memorable and outstanding young man.
Recipients of The Nick Watson ’03 Memorial Scholarship Fund are selected from the group of students who receive tuition assistance by faculty and coaches who knew Nick during his time at Park. The qualifications of the recipient include their personality, aspirations, academic achievement, and their active role in the community. The archives contain many testaments to Nick’s character for posterity. Nick’s notable traits include: an exuberance for life, loyalty, a hilarious sense of humor, a loving nature, intellectual curiosity, and honesty. Nick was the kind of person who welcomed all and whose company was always sought out. We honor his well-lived life through the opportunity to support students through this fund.
Planned giving enables philanthropic individuals or donors to make major gifts outside of their current income. Planned giving is a set of ways a donor can leave money or assets to the school at his/her death; or a way to invest money so that the donor receives benefits during his/her life and then bequeaths the remaining funds. Types of planned gifts include:
Over the years, Park's endowment has significantly grown, yet today, the national benchmark for a financially strong independent school is an endowment that is equal to THREE times its operating budget. Our current ratio is just above one to one. Help Park grow its endowment today.
The Development Office
The Park School of Baltimore
2425 Old Court Road
Baltimore, Maryland 21208