Aquila Group of Funds mourns the passing of former Trustee, Thomas (Tom) Courtney, who died last week at the age of 90. Mr. Courtney served as an independent Trustee of the Aquila Group of Funds from 1984-2010.

Fellow Trustees, and those who had the privilege of being associated with Mr. Courtney at Aquila Group of Funds, remember him fondly as a caring and devoted Trustee, and a true gentleman who excelled at the highest level in the business and sporting worlds. Our deepest condolences are with his wife, Margaret (Posy), their three children, Thomas Jr., Peter and Frank, and nine grandchildren.

During a distinguished career in investment management, Mr. Courtney served in numerous leadership positions, including President of The Boston Company Institutional Investors, and President of his own firm, Courtney Associates, Inc. He also served on the boards, and in some cases as Chair, for several mutual fund companies, including Aquila Group of Funds, OppenheimerFunds and PIMCO.

Mr. Courtney earned a bachelor’s degree from Fordham University and an MBA from Harvard Business School. He was a Director of the Financial Analysts Federation and a Chartered Financial Analyst®.

Mr. Courtney also had an illustrious career in track and field, culminating with winning two gold medals at the 1956 Summer Olympic Games in Melbourne, Australia. An owner of several world records, Mr. Courtney was inducted into the USA National Track and Field Hall of Fame, the Fordham University Hall of Fame and Hall of Honor, and the New York Athletic Club Hall of Fame. As a senior at Fordham, he was featured on the cover of Sports Illustrated magazine.

We proudly honor the life and legacy of longtime friend and associate, Tom Courtney.