winter 2007 - Concord Academy

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most experienced teachers. Area public schools, with whichCA competes for faculty, offer teaching salaries that are 15 to 20percent higher. For example, the latest published figures from theMassachusetts Department of Education, which reflect 2004data, cite the average faculty salary at Concord-Carlisle RegionalHigh School at $63,035. In addition, many independent schoolswith which CA competes for students, such as Milton,Middlesex, and Phillips Academy Andover, offer substantiallyhigher teaching salaries, in addition to more faculty housing.A second key factor in retaining faculty is the school’s commitmentto professional development. The National Association ofIndependent Schools (NAIS) considers 1 percent of a school’soperating budget a “generous” allocation for professional development.CA spends, on average, $100,000 per year for professionaldevelopment. This amounts to only .625 of a percent ofthe school’s $16 million operating budget. An additional $4 millionin endowment income would increase professional developmentfunds by $200,000 per year, tripling CA’s currentallocation.Increasingly in recent years, housing has become a key issue inhiring and retaining the kinds of dedicated adults CA counts onyear after year. With housing prices in the Greater Boston areaamong the highest in the country, the school must continue towork hard to increase campus housing. Though these kinds ofcapital expenditures generally are not funded through endowmentincome, financial institutions that issue bonds or loans considerthe amount of CA’s unrestricted endowment a key factor indetermining the school’s strength and creditworthiness. Once acapital expenditure is made and the project complete, endowmentbecomes essential to sustaining that initiative by providingincome to repay debt and to fund maintenance of the new space.“We manage our endowment so that gifts benefit theschool for many gen er a tions. A $100,000 gift toendow ment supports a draw of $5,000 toward theannual budget (in current dollars). When that giftappreciates above the annual draw and aboveinflation, it continues to benefit the school’s peopleand programs — literally forever. Fifty years from nowthat gift could be worth more than $500,000.Judi SeldinChief Financial Officer”CONCORD ACADEMY MAGAZINE WINTER 2007Endowment: The Ultimate MultitaskerBy working on several fronts at the same time, endowment fundsbecome more than the sum of their dollars. Day to day, annualincome from endowment supports every interaction that occurson campus. Year to year, endowment growth allows the school toattract talent and grow in diversity, support innovative ideas byfaculty and administrators, and encourage people to keep envisioninga stronger, better CA. Decade by decade, endowmentinstills confidence in the school’s ability to stay vital for the greatgrandchildrenand great-great-grandchildren of today’s students.When Ellen Condliffe Lagemann ’63 assumed her role as presidentof the Board of Trustees last May, she knew one of her jobswould be to help the school increase its endowment in responseto the strategic plan. “If I care about CA, now is the time to doit—when it matters most,” said Lagemann. “Increasing endowmentis absolutely essential to CA’s future, because it is the onlyway to give the school the flexibility it needs to respond toopportunities when they arise and the stability it needs to sustainall its strengths for the long term.”40Tim Morse
ATHLETICSFALL HIGHLIGHTSThe boys soccer team enjoyedits most successful season sinceHead Coach Adam Simon —this year’s Eastern IndependentLeague (EIL) Coach of theYear — took over in 1999. Theteam tied for second place inthe EIL, the highest regular-seasonfinish in seven years, andposted wins over the previouslyunbeaten Pingree and EIL second-placeLexington ChristianAcademy (LCA). A 7–6–2 recordsent the team to the Division CNew England Prep School(NEPSAC) tournament, where itfell to the number-one seed,Providence Country Day School,in the opening round. SeniorBen Sullender was named to theNEPSAC All-Star team; EIL All-Stars included Ben, senior JohnMoriarty, and junior DavidNoam. Juniors Henry Butmanand Rutledge Chin Feman werenamed EIL Honorable Mentions.Jon CrispinThe girls soccer team won apreseason match and its firstthree games of the season — itsfirst league wins since 2003.The team won five of its firstseven games and had fourshutouts in the first six games.It qualified for the EIL tournamentin fifth place and was thetop seed in the Pool B tournament.Liz Feldhusen was namedEIL Coach of the Year in her firstseason as head coach. JuniorsMary Matthews and ChelseyBowman were named EIL All-Stars, and senior Nora Christianiwas named an EIL HonorableMention.The boys cross-country teamfinished second in the league,41WWW.CONCORDACADEMY.ORG WINTER 2007
Page 3: winter 2007EditorGail FriedmanManag
Page 10 and 11: CAMPUS NEWSIndependent ThoughtHead
Page 12 and 13: CAMPUS NEWSFarewellColleagues, alum
Page 14 and 15: ALUMNAE/IPROFILESNancy Jaicks Alexa
Page 16 and 17: CONCORD ACADEMY MAGAZINE WINTER 200
Page 18 and 19: Rebecca Foy“What it comes down to
Page 20 and 21: Ralph Rugoff ’75 invited artists
Page 22 and 23: Convocation 2006David RostCONCORD A
Page 24 and 25: y Gail FriedmanIllustrations by Rob
Page 26 and 27: up for the class), then studied on
Page 28 and 29: “SA FrenchConnectionby Caroline H
Page 30 and 31: Seniors’ Studiesby Charlie Hruska
Page 32 and 33: Tim MorseHe became a role model, in
Page 34 and 35: Dido and Aeneas:CA’s OperaticPrem
Page 36 and 37: darkened room filled with the sound
Page 38 and 39: CONCORD ACADEMY MAGAZINE WINTER 200
Page 40: Unendowed:CA’s Early DecadesWhen
Page 45: Jon CrispinALUMNAE/I CORNERAmong th
Page 49 and 50: personal conflicts. Parkman Howe, K
Page 51 and 52: A Planned Gift“To Keep Talented K

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