The Medford High School Alumni Association (MHSAA) agreed to become the financial steward of Medford High School class gift accounts following a conversation in the fall of 2016 between MHSAA board member and district employee Allison Goldsberry and Mary Jo Petrone, who had been an administrator of the class gift accounts.
The remaining balances were never spent by the classes. Ms. Petrone reached out to the classes of 2011, 2012, 2013, & 2014 and didn’t receive a response. The MHSAA has deposited $49,262.10 into its account at East Cambridge Savings Bank. An itemized list of the accounts with class years and remaining amounts is below. The MHSAA also received notes from Ms. Petrone about the contacts and/or staff class advisors for classes that had that data available.
The MHSAA is a 501c3 organization and is compliant with the laws governing non-profits. Its board members are Allison Goldsberry, Dan Costello, Neil Osborne, Michael Cugno, and David McKillop. Goldsberry and Costello are the bank account signatories.
MHSAA intends to do the following with the money:
- Make every effort to reach out to contacts for every class and find out if the class intends to use the money and/or if the class would like to donate the money to the MHSAA for senior scholarships or to MHS to cover expenses on the building’s “wish list”
- Keep a detailed accounting of amounts available for each class
- Develop and publicly communicate a plan for how long a period of time to wait, and how many attempts to contact a class representative, before using that class’ money for a senior scholarship, class gift, or administrative fees
- File a yearly report with the school district that includes how any money from the class gift account has been spent and what remains
Class officers from the following classes are encouraged to reach out the MHSAA by emailing email@example.com.
Class of 1999 $2,212.78
Class of 2000 $3,974.71
Class of 2001 $3,289.66
Class of 2003 $5,563.22
Class of 2004 $6,932.37
Class of 2005 $6,494.51
Class of 2006 $1,769.80
Class of 2007 $724.72
Class of 2008 $3,430.70
Class of 2009 $8,450.31
Class of 2010 $3,044.12
Class of 2012 $1,017.92
Class of 2013 $1,092.76
Class of 2014 $1,264.52