SUMMIT, NJ - Oak Knoll School has received a $9,000 grant award from the Investors Foundation, which supports nonprofit organizations that enrich the communities served by Investors Bank.  The grant, which builds on previous funding awarded by the Foundation, will support a scholarship fund at the faith-based independent school.

Founded in 1924 by the Sisters of the Holy Child Jesus, Oak Knoll is part of a network of 33 Holy Child Schools throughout the world.  The school, located on Blackburn Road in Summit, serves boys and girls in kindergarten through grade six (the “Lower School”) and young women in grades seven through 12 (the “Upper School”).

Sign Up for E-News

The Investors Foundation grant will support the school’s Joanne Ainsworth Scholarship Fund, named for Lower School Principal Joanne Ainsworth, who recently celebrated the occasion of her retirement.  An Oak Knoll alumna, Ainsworth’s served with distinction during her 27 years at the school.  “I recall the sacrifices my parents made to send me to Oak Knoll, and the financial support we received that enabled me to continue attending,” she said.  “This scholarship exists to ensure that those same educational opportunities are available to deserving young people in our community.”

The Foundation’s support of the fund will enable one or more Lower School families in need of assistance to receive a financial award that will be used toward payment of tuition.

“Over the past 90 years, Oak Knoll School has continually stayed true to its spiritual and academic mission,” said Investors Bank President and CEO Kevin Cummings, who serves on the Foundation’s board.  “The Joanne Ainsworth Scholarship Fund is one of many important programs that allow this worthwhile mission to endure.”

“We are most grateful for the ongoing friendship and support of the Investors Foundation,” added Timothy J. Saburn, Oak Knoll’s head of school.  “Their generosity, and that of all our donors and partners, will help Oak Knoll School, its students, and their families continue to flourish in the years to come.”

Oak Knoll School of the Holy Child is an independent Catholic school enrolling boys and girls in kindergarten through grade six; and young women only in grades seven through 12.  For more information about Oak Knoll and this strategic tuition initiative, please visit or call 908-522-8109.