Thanks to a generous bequeathment from Merchantville residents Walter and Marie J. Carroll, Merchantville School students enjoy a wide variety of opportunities to learn more about the arts and enrich their educational experiences. During the 2021-2022 school year, 24 college-aged eligible students were awarded $97,000 and $50,685 was spent on school projects including academic field trips and art enrichment field trips, student art programs, various clubs, and musical supplies. With the first
entire graduating class from Merchantville School at Haddon Heights High School, a new scholarship was formed. The Marie Carroll Merchantville/Haddon Heights High School Scholarly Achievement Award is awarded to a resident of Merchantville who graduated from Merchantville School in 8th grade that is currently a resident of Merchantville and is graduating from Haddon Heights High School with the highest cumulative GPA for Haddon Heights High School career. For the Class of 2021, a $500 scholarship was awarded. A committee of trustees determines eligibility and needs to determine how much each student earns. The Carrols, who were childless, lived at 1 Oak Terrace. Walter R. Carroll, who died in 1955, was a well regarded Camden attorney from the firm Carroll, Taylor & Bishoff, started the fund "in appreciation for all that the public school system had done for him".