ABOUT US
Our mission is to provide school loans to Millburn township students in need.
Our History
The Charles T. King Student Loan Fund was founded during the depths of the Great Depression, exemplifying the unification of generosity and community in Millburn-Short Hills. In 1932, when two siblings found themselves unable to return to college due to financial constraints, the community sprang into action. Local women hosted bridge parties and successfully raised the $300 needed to send the students back to school.
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Later, in the 1960s, a group of Dads formed a committee to help raise funds for students in need. That same year, they asked every graduating senior's family to donate $5 to help make the loan fund self-sustainable. The Dads' Fund was renamed in 1974 to honor Dr. Charles T. King, who had retired as principal of Millburn High School. King then went on to serve as Superintendent of Millburn Schools, spending 27 years in the system and cementing his name in the history of Millburn Township. To this day, The Charles T. King Student Loan Fund is still a committee of the Millburn Township Conference of Parents and Teachers (PTOC).​
​​Our Ongoing Role In The Community
For over eighty years, The Charles T. King Student Loan Fund has helped Millburn Township students further their educational goals.​ Due to the ongoing and significant increases in college tuition, the Fund continues to play a vital role in helping to finance students’ post-secondary education. The loans are need-based and currently interest-free. More than 850 students have received funding to date.​​
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The Fund is maintained by personal and business
contributions from within the community. This generosity has enabled the fund to give over $3 million in loans to students throughout the years. These loans are due upon graduation. The fund also uses a "pay it forward” system where past recipients' repayments replenish loan availability for future applicants.
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Photos pictured provided by Millburn-Short Hills Historical Society
Charles T. King Board of Directors
Lily Lee, Chairperson
Andrea Spaar, Secretary
Cordelia Chan, Co-Treasurer
Sock Wang, Co-Treasurer
Thomas Chase
Tiffany Fehrenbach
Sonali Ganti
David Green
Brandon Haase
Atul Kulkarni
Robin Pollina-Finkelstein
Marcy Schwartz
Robin Shainberg
Varuth Suwankosai
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All of our Board of Directors are volunteers and have lived within the Millburn-Short Hills Community.
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Are you Interested in becoming a Board Member? Contact us at info@charlestking.org for more information. ​