"endowment"
Cate School Marks 100 Years and Concludes $65 million Campaign
Congratulations & happy 100th to Cate School. The school celebrates 100 years of students living and learning through founder Curtis Wolsey Cate’s belief in: “…a simple, active life with certain daily chores to be performed; early, cold-water bathing, out of door living and playing; serious studying and reading, choral singing, good music, and a sympathetic attitude [...]
Read MoreCanada’s St. Michaels University School Alumnus Funds Financial Aid
An example for all alumni, St. Michaels University School (Victoria BC, Canada) Alumnus Hugh McGillivray has thus far donated $1.4-million and: “hopes to fund as many as 100 scholarships within 10 years. He’s also trying to raise money to build a $50-million endowment at the school.” (Boarding School Grad Gives Back to His Alma Mater, [...]
Read MoreLawrenceville School Receives $60 Million Bequest
Lawrenceville School announced and The New York Times reported (At a New Jersey School, a $60 Million Bequest) that “Janie Woods, who died at age 87 in 2007, and her husband, Henry C. Woods Jr., had bequeathed the school $60 million, the largest donation in its 200-year history.” Lawerencville’s head, Liz Duffy stated in a [...]
Read MoreInsight Into the Current State of Boarding and Private School Finances
Concord Monitor writer Karen Langley published a piece in last Sunday’s paper (Private Schools Weather Downturn: Many approaches taken to cut costs) covering the state of enrollment and finances of New Hampshire private schools. She touches on the obvious- financial aid requests are up for all schools, endowment growth and income are down. Of note, [...]
Read MoreDon’t Judge a Book…
I know you’ve heard this one before – “Don’t judge a book by its cover.” Well, I want to encourage you to keep that phrase in mind as you navigate your way through your own boarding school selection process. There are many schools, literally hundreds, to choose from and each has their own uniqueness about [...]
Read MoreWhen Market Realities and Mission Conflict
You’re a seasoned admission director, new at your current school and enthusiastic about this exciting opportunity. Within a year, you have established a marketing strategy that includes the usual glossy viewbook, flash presentations, E-Newsletters, bump mailings along with the requisite round of school fairs and informal receptions. By the third year, application numbers have improved [...]
Read MoreExeter Addresses Lower Endowment
In just about any other year, you’d think it would be nuts for a money manager/management team to get congratulated for having an endowment fund lose 22% of its value. 2008 was no run of the mill year for market and endowment declines. Phillips Exeter Academy‘s endowment managers held loses to 22% beating the S&P [...]
Read MoreThe Value of Living Within One’s Means: Experience Provides Advantages for Tuition Driven Schools in Tight Times
An odd thing during these times of declining endowment income- several New England colleges are doing OK. In a Boston Globe piece several smaller tuition driven schools report that the relationship with their students and school growth haven’t yet changed much. They’re used to offering good value and opportunities- funded predominately with tuition dollars. Smaller [...]
Read MoreConsidering the Largest Endowments
Donald Frey (Wake Forest University, Economics Professor) and Lynn Munson (formerly, National Endowment for the Humanities) wrote an op-ed piece in today’s Boston Globe challenging the conventional wisdom of eternal saving and endowment growth. They make the case that colleges and universities would make better more effective use of endowment monies by committing to spending [...]
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