David Reed

Obituary of David Reed

David Charles Reed, known as 'Dave' to friends and family, passed away on April 1, 2015 at the age of 64. Born January 13, 1951 to Thomas H. and Maguerite B. Reed, David resided in Shaler Township, a suburb of Pittsburgh, until he attended Lehigh University earning a degree in business with honors in 1973. After college, he worked as an auditor with Arthur Young where he became a CPA. David moved to Commodities Corporation in 1979, where he took the position of vice-president and controller. In 1989, he helped to establish and manage a Japanese/U.S. joint venture for Commodities Corporation in futures trading with offices in Tokyo and Singapore. During this time he and his family lived in Tokyo for 3 years. In 1998, David left Commodities Corporation and became co-founder and CEO of Mapleton Nurseries in Kingston, NJ. Mapleton is a wholesale nursery specializing in container grown native and ornamental trees and shrubs. At the time of his death and for more than 10 years prior thereto, David served on the board of directors of 1st Constitution Bank, where he chaired the Audit Committee. Additionally, he was serving as a director of both Arden-Sage Multi-Strategy TEI Fund and Arden-Sage Multi-Strategy Fund. More recently, he also became a trustee of two alternative mutual funds sponsored by Arden Asset Management, LLC in New York. Some of David's favorite memories involved his years in the Boy Scouts of America, where he earned the rank of Eagle Scout. All three of his sons, Thomas, Michael, and Mark were boy scouts in Troop 43, Princeton, where David stayed active in scouting as a member of the Troop committee, as well as offering the use of his personal workshop and his expertise in woodworking to help many scouts with their own Eagle Scout projects. His wife, Dolores Elder Reed, his sons Thomas, Michael, and Mark, and his mother, Marguerite Bettegar Reed, survive David. Also surviving are two brothers, Robert, his wife Mary, and Arthur, his wife Joellen, a niece Katie and her husband Dustin Schron. His wife's twin sister Marianne, and her husband Dr. Richard Altenbaugh and nephews Ian and Colin, as well as sister-in-law, Ruth Woodside, and her three sons Danny, David, and Benjamin Elder, also survive him. Memorial gifts, in lieu of flowers, can be made to BSA Troop 43, Nassau Presbyterian Church, Princeton, NJ or Lehigh University's Thomas H. Reed Endowed Scholarship fund c/o Lehigh University, Bethlehem, PA. A celebration of David's life will be announced in the near future.
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