Institution for Savings Donates $150,000 to Newburyport Public Schools

News Section Banner Graphic
[view/download PDF]

Bresnahan School Gymnasium & Performing Arts Center and Nock/Molin Media Center Recognize Donation

IFS_Gift_Naming_at_BresThe Institution for Savings has made a significant $150,000 donation to the Newburyport Public Schools through the Newburyport Education Foundation (NEF), announced NEF President Jay Iannini. In recognition of the gift, the Bank will receive naming rights to the gymnasium and performing arts center at the new Francis T. Bresnahan Elementary school and the media center at the renovated Rupert A. Nock Middle School/Molin Upper Elementary School.

“Our vision at the Institution for Savings is to have a positive impact on our communities,” said Institution for Savings President and CEO Michael J. Jones. “I can think of few better ways to do that then to enhance the educational opportunities and facilities for our children. We are extremely pleased to continue our long-time support of the NEF and the Newburyport Public Schools with this donation.”

The Institution for Savings’ gift is part of the NEF’s campaign to offer naming opportunities at the new Bresnahan School as a way to recognize donors for their support. The Bresnahan School has already been named by the city to honor former Superintendent Francis Bresnahan, but the School Committee has authorized the NEF, in concert with the Superintendent, to name rooms at the new school through the NEF “Make Your Mark” program. Over the last 10 years, naming tributes at the high school and middle schools have recognized businesses, alumni, and community members. The new school will open at the start of school this fall.

This latest donation is one of several significant bequeaths that the Institution for Savings has made to the Newburyport Public Schools in recent years. In 2005, it made a landmark $600,000 donation to the NEF to renovate the Nock Middle School science labs and fund an ongoing science speaker series. Two years ago, the Bank donated $100,000 for a new Media Center at Newburyport High School. And last year, the Bank pledged $500,000 to a new synthetic turf field at World War Memorial Stadium, in addition to an earlier $100,000 grant to restore the stadium’s home stands.

“The Institution for Savings is a founding member of the NEF and an unwavering supporter of public education, “said Iannini. “This donation is so significant–it helps us close out our current campaign to renovate the RAN auditorium, and gets us started on several new initiatives to be announced this fall. Plus, it means the middle school library will get the same kind of transformative funding as the high school and the new Bresnahan. What an extraordinary level of support our community enjoys from the IFS! We are very proud to recognize their generous gifts with namings in the schools. It’s suitable that their ongoing support of education will be an ongoing tribute.”

Make Your Mark naming opportunities still available at the Bresnahan School include the patio, basketball court, playground areas, conference rooms, computer rooms, classrooms, offices, art rooms, literature closets, and more. Donations can be made by an organization, business, or individuals to name a room and honor a teacher, family member, or alumni class with a lasting tribute. A plaque outside the classroom, office or other area commemorates the tribute. Naming opportunities range from $2,500 to $100,000. To learn more about the NEF’s current campaigns and the Make Your Mark donor recognition program, please email or visit