Concord Academy’s 2017–18 Annual Report
We often say that Concord Academy is a remarkable community. As you look through this report, we hope that you will see what we see: a community remarkable in its generosity.
Time and again, we have been amazed by that generosity. In the pages of this report, you will see that the fiscal year of 2017–18 was no exception. We share the responsibility for CA’s future. We know that we are in this together, and we thank you for all that you have done. We are confident that CA will remain healthy and strong with our partnership as its foundation. In these pages, you’ll find a community that has come together around a mission and a spirit that connect generations of CA families. Each endorsement carries with it a story, each story a remarkable one. We are grateful to know so many of you, and we look forward to staying in touch through our centennial in 2022 and beyond.
Richard G. Hardy
Head of School
Dresden Endowed Chair
Fay Lampert Shutzer ’65
President, Board of Trustees
The CA Annual Fund
The CA Annual Fund is a pillar of the school’s revenue. This collective, community-driven fund fills the gap not covered by tuition and endowment income. This resource is powerful in its immediacy, and it must be replenished every year in order to sustain core programs and fulfill the school’s mission.
In 2017–18, we asked the CA community to deliver $2,800,000 in contributions to the Annual Fund — 11 percent of the school’s operating budget. Your belief and confidence in the school, demonstrated through your contributions, are the true gifts that propel us forward.
The CA Endowment
Income from CA’s endowment fuels all aspects of school life, from developing curricula to supporting faculty to maintaining CA’s campus. In 2017–18, the endowment draw funded 12 percent of the school’s core operating budget, including essential financial aid for deserving students. We are grateful for the philanthropic investments over time that have made this revenue possible. CA’s endowment growth is the key to long-term financial health for the school. Because of its permanence, the endowment is also an enduring tribute to faculty, staff, alumnae/i, parents, and friends — the people who define our identity and embody our aims.
The Centennial Campaign for Concord Academy
Over the past five years, CA alumnae/i, parents, and friends have supported the Centennial Campaign at an unprecedented level. Such generosity at this moment in our school’s history creates fresh impetus to enhance our environment for teaching and learning, strengthen our endowment, inspire our faculty, and extend opportunities for our students across and beyond the campus. Together, we are generating momentum that will further Concord Academy’s admirable mission well into its next century.
The Centennial Campaign for Concord Academy began in 2013 with an initial set of five fundraising imperatives and a total goal of $32 million. We are humbled to share that 661 CA leaders from all over the world have stepped forward with contributions exceeding our preliminary goal.
Today is a moment to celebrate. This report is a testament to the power of philanthropy and the many ways your investments are influencing positive change. This success is also an exhortation for the CA community to continue carrying this torch forward. With the wind at our back, we must all be looking ahead to imagine just how far we can go.
Please view the annual report in its entirety below.