Longtime Rumsonite and Red Bank resident, Charles Edward Schafer III, lovingly known as “Chic,” passed away peacefully at the age of 95 on Tuesday, Aug. 27.
A longtime resident of Red Bank, Chic previously lived in Rumson for over 30 years, where he raised his family. He also lived on Staten Island.
Chic was born on June 25, 1929, in New York, NY to Charles Edward Schafer II and Katherine Morgan Schafer. He grew up with one brother, Morgan, and attended The Taft School in Waterbury, CT, before going on to study and graduate from Yale University in New Haven. After his education, Chic proudly served as an officer in the United States Coast Guard from December of 1951 to December of 1953.
Chic had a successful career as a specialist and member of the New York Stock Exchange, where he was a partner at Spear, Leeds, and Kellogg. He retired in 1987 but continued to serve as an arbitrator for the exchange for many years thereafter.
He married Gertrude Ide Goff (“Bay”) in 1954, and they remained together until Gertrude’s passing in 1997. He later married Violet Jesse Loeser in 1998, and they shared 25 happy years until Violet’s passing in 2023.
In addition to the numerous community organizations mentioned while in Rumson, Chic was active in the American Legion while on Staten Island.
Chic is predeceased by: his two beloved wives, Gertrude “Bay,” and Violet.
He is survived by: his children, Morgan Schafer and his wife Elsa; Gigi Naples and her husband William, and Christopher “Charlie” Schafer and his wife Elizabeth; his stepchildren, Mark, Alan, and Gary Loeser; 17 grandchildren; four great-grandchildren; his brother, Morgan Schafer; and two nieces and two nephews.
“The entire Schafer family extends their heartfelt thanks to Kim Leshynski, Waneta George and the entire staff at The Atrium who supported and treated Chic with dignity and care in his later years.”
The family will hold private memorial services in honor of Chic. If you would like to request attendance, kindly reach out to Morgan at [email protected]. In lieu of flowers, donations can be made in Chic’s memory to Big Brothers and Big Sisters of Monmouth County at https://support.mentornj.org/checkout/944
— Edited obituary prepared by family via John E. Day Funeral Home
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