Annual Report 2010-2011 Board of Trustees Report
Dear Friends, Looking back over the past academic year, I am amazed at the milestones we have reached. 2010 marked the hundredth year of St. Anne’s-Belfield School, and last October nearly 600 of us gathered to celebrate our Centennial. At this event, we an- nounced that we had successfully concluded the school’s first comprehensive campaign. Te Cam- paign for Our Next Century raised an astounding
$44 million, well over our original $40 million goal. Today, when I walk on our campuses, I see evidence everywhere of the transfor- mation that has taken place.
Aside from the remarkable changes to our facilities, a primary ini- tiative of the Campaign was to build our endowment, formerly one of the lowest among our peer schools. In 2006, our endow- ment was a mere $2.8 million. I am proud to share that, as of to- day, our endowment is over $21 million—a 750 percent increase in just five years.
Te Annual Fund has had another banner year, exceeding $1 million for the fourth consecutive year. Tis year we raised $1,137,186.48, surpassing our goal. Te support we receive from annual giving bridges the gap between tuition and our costs, and it has a critical and immediate impact on the school’s programs. Te Board of Trustees is responsible for overseeing the resources that you have entrusted to St. Anne’s-Belfield School. Despite challenging economic times, the school maintains a balanced budget and remains fiscally strong.
Tank You. Meet Our New Trustees
Erika Hayes James is an Associate Profes- sor of Business Administration at the University of Virginia, Darden School of Business. In ad- dition to teaching at Darden, Erika pioneered the position of Associate Dean of Diversity at Darden, in order to create a more diverse and inclusive environment for faculty and students. We have been fortunate to have Erika as Chair of our Diversity Committee for the past year, and are delighted she will now be a member of
our Board. Erika and her husband, Jimmie, are parents of rising 2nd grader, Alexandra and rising 4th
grader, Jordan. 44 – ANNUAL REPORT/2010-2011 rising 10th
Tony Ignaczak is president of Quad- C Management, where he has led invest- ments in a variety of industries since 1992. A graduate of the Wharton School and Harvard Business School, Tony is a mem- ber of the school’s Financial Resources Committee and is a welcome addition to our Board. Tony and his wife, Lara, have three children at St. Anne’s-Belfield School: Nick, a rising 8th
grader, Alexa, a grader, and Luke, a rising senior. Te Ignaczaks have been a St. Anne’s-Belfield School family for the past twelve years.
Te 2010-2011 Budget included the following significant features:
• Te average tuition increase for 2010-2011 was two percent, the second lowest increase in the past three decades.
• Our salaries and benefits remain a top priority and are very competitive with our peer schools.
• A sufficiently funded financial aid budget that enabled qualified students to experience and ben- efit from a St. Anne’s-Belfield School education.
• A commitment to ensure we had the necessary re- sources in place to care for our new physical plant.
I would like to thank the Trustees who have completed their terms of service to the school this year: Craig Littlepage and Robert Collins. We are grateful to them both for their invaluable service to the school. For the 2011-2012 academic year, we are pleased to welcome Erika Hayes James and Tony Ignaczak.
Te following pages include information that provides insight into the school’s operations and also list the names of donors and volunteers who generously supported the mission and values of St. Anne’s-Belfield School in 2010-2011. On behalf of the Board of Trustees, I want to extend a most sincere thank you to everyone who made possible this exceptional year in the school’s history. You have enabled us to enhance the resources available to both the student body and faculty, and you have leſt an indelible mark on this school we all love.
Rich Booth, Chair of the Board of Trustees
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