2006
The Boyd & Stephen Jefferies Educational Grant Program changes name to Jefferies Family Scholarship and updates web site address to www.jefferiesscholarship.org. Three new members are elected to the Board: Paul Deninger, a Managing Director in Jefferies' Investment Banking division and a Vice Chairman of Jefferies; Bill Derrough, a Managing Director and Co-head of Restructuring at Jefferies; and Jefferies' Marketing Director, Thomas Tarrant. JFS mourns the August 2006 passing of Frank Mullin, a founding member and former Selection Committee Chairman.
2005
JFS raises $600,000 through corporate fundraising efforts, establishes the Jefferies Award of Merit (JAM), and enters its 25th year. Barry Taylor returns to the program as a member of the Board and chairman of the Investment Committee. A GPA minimum of 2.5 is instituted for renewal eligibility.
Carl Hathaway is appointed Selection Committee Chairman and two new members are selected: David Brooks, a Portfolio Manager for The Boston Company Asset Management LLC; and Paul Baryames an independent business owner and former VP/Manager of Equities Trading at Itros Capital Management.
Service terms expire for Selection Committee members Frank Mullin and Jim Jackson as well as Directors Mary Bienkowski and Bill Reilly. JFS mourns the April 2005 passing of Robert Kirby, member of the Selection Committee from 1982-2005 and former Investment Committee member.
2004
JFS raises $750,000 via corporate golf tournament and raffle. JFS elects three new board members: James Carmack, Regional Sales Manager in Jefferies' Los Angeles office; Jacqueline Hennessey, an Account Executive in the Equity Sales Division; and Susan Bralower, a former special education teacher, and the spouse of Edward Bralower, Regional Sales Manager in Jefferies' Stamford office.
2003
The Stephen A. Jefferies Educational Grant Program changes name to The Boyd & Stephen Jefferies Educational Grant Program, now Jefferies Family Scholarship, to reflect the passing of founder Boyd Jefferies. The program raises $1 million through a corporate auction and raffle. A revised selection methodology is implemented, which weighs financial need more heavily and institutes quantifiable measures to compare applications. Eligibility is limited to the last two years of private high school, public and private colleges and universities for undergraduate and graduate studies.
JFS elects John Shaw, President and COO of Jefferies as Chairman of the Board and elects Raymond Killian, Chairman of ITG, as a member of the Board. Former JFS recipient Nicole Locke is chosen to serve on the Selection Committee. 3-year term limits are instituted for Board and Selection Committee members, with 2-year renewal options. Richard Grace is elected Investment Officer and Mel Locke, Director of People Services in Jefferies' Los Angeles office, is elected Vice-Chairman.
2002
JFS appoints Sharon Jefferies as honorary Chairman of the Board. Carol Jefferies steps down from the Selection Committee.
2001
JFS mourns the passing of founder and Chairman Boyd Jefferies in August 2001
The scholarship raises $350,000 through a corporate Golf Tournament, and institutes a renewal policy for recipients transitioning from high school to college, or college to graduate school whereby they must re-apply as a new applicant.
Carol Jefferies steps down from the Board of Directors and is appointed to the Selection Committee. Carrera Jefferies steps down from the Selection Committee, is elected to the Board of Directors and takes a position in the Equity Sales division in Jefferies' Los Angeles office.
2000
JFS elects former recipient Robin Robertson as Selection Committee member, and launches web site. Regina de Wetter steps down from Selection Committee to take the position of JFS Program Coordinator.
1999
Carol Jefferies, daughter of Boyd Jefferies, is elected to the Board of Directors. ITG is spunoff from Jefferies, however, ITG employees are still eligible to apply for an award.
1997
JFS Secretary and Treasurer Dorothy Grace begins working full-time for the program.
1995
JFS appoints two new Selection Committee Members: Carrera Jefferies, daughter of Stephen and granddaughter of Boyd Jefferies; and Regina de Wetter, a special education teacher and former JFS recipient.
1994
JFS applies renewal requirements to applicants transitioning from high school to the university level. ITG becomes a public company, and the children of its employees are eligible for the program.
1993
JFS selects former recipient Sally Morris as legal counsel for the program. Selection Committee members Tiffiney Harper and David Dootson step down.
1992
Eligibility parameters are expanded to include children of deceased and retired employees.
1990
JFS terminates Van Deventer & Hoch as investment managers and forms an Investment Committee with members, Robert Kirby, David Dootson and Richard Grace. Funds are invested in Treasury Notes & Bonds and overseen by Richard Grace.
1989
The Stephen A. Jefferies Scholarship Fund changes name to Stephen A. Jefferies Educational Grant Program, now Jefferies Family Scholarship.
1988
JFS expands eligibility parameters to include private high school students and graduate students.
1987
JFS appoints Tiffiney Kingsley Harper, one of the original five recipients, to serve on the Selection Committee. Jefferies launches electronic trading system ITG/POSIT.
1986
JFS elects Dorothy Grace as Secretary and Treasurer. Barry Taylor steps down as Board member. JFS shifts fiscal year from calendar year to July 1 - June 30.
1984
JFS elects Michael Klowden of Morgan Lewis & Bockius to the Board and hires Van Deventer & Hoch to manage the fund assets. James Gilstrap, Ronald Alghini and Frank Baxter step down from the Board.
1983
JFS elects Frank Baxter and Barry Taylor from Jefferies to the Board and appoints Frank Mullin as Chairman of the Selection Committee. Jefferies' auditors, Peat, Marwick & Mitchell, are chosen to prepare the financial report.
1982
JFS appoints Robert Kirby, Chairman of Capital Guardian Trust to the Selection Committee. Selection process requires that all applicants are presented to the Committee anonymously.
1981
The Stephen A. Jefferies Scholarship Fund is established by Boyd Jefferies in memory of his son Stephen in January of 1981. The fund is established for children of employees of Jefferies & Company who are attending an accredited college or university, and is initially funded by Boyd Jefferies and contributions made by employees, family and clients totaling approximately $250,000.
The first Selection Committee meeting is held on May 30 at the home of Boyd and Sharon Jefferies in Aspen, Colorado. $3,000 each was awarded to the first 5 recipients.
Initial JFS Selection Committee members were: Frank Mullin, Head Trader at Putnam Investments in Boston; Carl Hathaway, Portfolio Manager at Morgan Bank; David Dootson, President of Sears Investment Management Co. (SIMCO); and James Jackson, a private investor. Initial Board Members were: Boyd Jefferies, founder of Jefferies & Company, Inc.; James Gilstrap, Office Manager in Jefferies. Dallas office, and Ronald Alghini, President of Jefferies & Company. Also in attendance at the first meeting were: Michael Klowden, Esquire, Morgan Lewis & Bockius and Dorothy Grace, Boyd Jefferies' Executive Assistant.
