Community Foundation of New Jersey

CFNJ Congratulates Hooey Scholarship Recipient on Graduation

May 20, 2014

The Community Foundation of New Jersey congratulates Stephen Helfrich on his graduation from Boston College.  Stephen earned a Bachelor of Arts degree in History and Economics, and was an Honors Scholar in History.

Stephen was a recipient of the Austin Hooey Scholarship.

Austin Hooey, a longtime Chatham resident, had a major philanthropic impact upon her death in February 2005.  One of the first female financial analysts on Wall Street, Hooey left $10.6 million to Cornell University for veterinary programs and $1.2 million to the Community Foundation of New Jersey for a permanent scholarship endowment for Chatham High School students.  Remarkably, few had known of her wealth; Hooey’s attorney told the Daily Record at the time of her death, “you would never know she had a penny.”

The endowment at the Community Foundation was and is quite rare in that it is one of the few dedicated to students of a public school.  The scholarship awards range from $5,000 to $10,000 per year for four consecutive years; the scholarship is awarded based on financial need, academic performance, and merit.