The Newcombe Foundation Board of Trustees announces the retirement of Trustee Elizabeth T. “Betty” Frank as of December 31st, 2024, after 25 years of dedicated service to the Foundation. Betty Frank is a graduate of Vassar College and the retired senior vice president of Lazard Freres Asset Management in New York City. Her expertise informed much of the Newcombe Trustees’ approach to investment policy, portfolio management, and risk mitigation. She also took an active and high impact role in all Foundation activities, advising on governance, administrative best practices, and Scholarship grantmaking.

In addition to her service to the Newcombe Foundation, Betty has dedicated much of her life to philanthropic endeavors. She has worked with numerous community service organizations such as the Philadelphia regional YMCA, Visiting Nurse Association, Girl Scouts of America; and the HOPE Program of Brooklyn, New York. In 2008, Betty and her late husband Charles established the Student Philanthropy Council at The Hill School. The student-led organization was created to encourage students to learn about the value and processes of philanthropy; develop lifelong habits of volunteerism and “giving back;” and provide funds to nonprofits working to enhance the lives of Pottstown area residents.

Betty’s sharp insights, her collegiality as a Board member, and her contributions to the Newcombe Foundation will be deeply missed. Executive Director, Gianna Durso-Finley, notes, “Betty’s generosity and willingness to share her wisdom has benefitted me, the Foundation, her colleagues, the students we serve, and even future generations of philanthropists. She is an amazing role model.”