For immediate release NEW YORK (August 5, 2021) – New York Junior Tennis & Learning (NYJTL) is proud to announce that Louis Marx, Jr. has endowed college scholarships for NYJTL program participants. The initial Marx Scholar Athletes will be selected later this year and will receive an aggregate of $20,000 in scholarships. The selection criteria will include strong character and leadership skills, sportsmanship, commitment to the game of tennis and demonstrated financial need.
The Louis Marx, Jr. Educational Scholarships will be in addition to NYJTL’s Victor Kiam “Going For It” scholarships awarded annually for more than a decade at the NYJTL Mayor’s Cup final awards ceremony.
“I am excited that Mr. Marx Jr. has chosen to create additional college scholarship opportunities to support NYJTL children,” said NYJTL Chair Bob Horne. “Creating a pathway for youth to fulfill their collegiate aspirations is at the very heart of our mission.”
Mr. Marx, Jr. has been a successful venture capitalist for over 60 years, investing in a variety of industries. He is the son and heir of the late Louis Marx, who rose to prominence in the 1950s owning the largest toy company in the world at the time, Louis Marx and Company. Mr. Marx, Jr., a graduate of Princeton University, has more recently devoted himself to philanthropy and contributes robustly to arts, education, and medical organizations. He is also a very accomplished tennis player and the recipient of NYJTL’s 1996 Leadership Award, which was presented to him by his friend, Nick Bollettieri.
The mission of New York Junior Tennis & Learning is to develop the character of young people through tennis and education for a lifetime of success on and off the court. Since 1971, NYJTL has changed lives through tennis, education, healthy living, and character development programs. Today, it is the largest youth tennis and education non-profit in the nation, reaching more than 85,000 K-12 New York City youth.
NYJTL provides after school programming in approximately 30 schools and community tennis programming at approximately 40 sites throughout New York City in the summer months and at additional sites that operate during the school year. In addition, NYJTL designed, funded (with NYC), built and operates the Cary Leeds Center for Tennis & Learning, at which it provides free and commercial tennis programming year-round as well as life skills, character development and healthy living lessons. All NYJTL community tennis and after school programs are offered at no cost to its participants.
NYJTL is looking forward to celebrating its 50th anniversary in 2022 (delayed due to COVID)!
Chief Marketing and Development Officer