North Yarmouth Academy receives anonymous $100K gift, for second year
Photo / William Hall
For the second year, North Yarmouth Academy, a private school in Yarmouth, has received an anonymous $100,000 donation.
For the second year in a row, North Yarmouth Academy, a private school in Yarmouth, has received a $100,000 gift from an anonymous family of donors.
The school will use the donation for financial aid to students, according to a news release Wednesday. Tuition at the school, which has an enrollment of over 360 students from pre-kindergarten through grade 12, can top $30,000 annually.
“Our family continues to support financial aid because we do not want economic barriers to prevent the best and brightest from attending NYA,” the family said in the release. NYA spokeswoman Kristi Belesca would not disclose information about the donors, including their location or whether they were graduates of the school.
NYA said it will use $75,000 of the gift for an endowment that funds financial aid, with the remainder of the donation going to immediate needs.
More than 40% of NYA students receive grants to help their families afford tuition. The average grant is $17,200, and the school awards over $2.5 million in grants annually, Belesca said.
While the school, like others across Maine, has suspended regular classes during current public health crisis, Belesca said NYA plans to resume them later this year.
“NYA fully intends and expects to host students back on campus in the fall,” she told Mainebiz. “Safety of our students, families, faculty, and staff is our number one priority. While we are waiting on further guidance from the state, we are working with other independent and public schools on prudent planning for a safe opening.”
Meanwhile, the crisis is increasing the need for tuition assistance.
“At this time in particular, when we are receiving more requests for financial aid from current and incoming families as a result of the effects of COVID-19, gifts like this will help the academy respond to families' needs to the fullest extent possible,” Head of School Ben Jackson said in the release. “We are deeply grateful for this benefactor’s continued support.”
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