Paying For It
Let's look at the facts.
Conservative Investment Policies
The investment approach for private school endowments has historically been a conservative, cautious approach. Trustees and their advisors have generally been good stewards of their finances. They avoided risky investments such as derivatives and real estate despite calls from some quarters to maximize returns. The reason for the decline in their portfolio value is simple: just about every investment-grade instrument declined.
Back in the 90s, sustainability became an important principle in private school mission statements and philosophies. The National Association of Independent Schools has taken a leadership role in supporting all kinds of sustainability initiatives including financial sustainability with its 1,500 member schools.
From the Nais: "In order for independent schools to thrive in the 21st century, NAIS believes that they must be sustainable along five dimensions: financial, demographic, programmatic, environmental, and global."
As a result, schools with significant endowments (greater than $10 million) generally were well-positioned to weather the economic storm which 2009 brought on with a vengeance.
Financial Aid is a Priority
As you read about these schools and watch the videos, remember that all of these schools believe very emphatically that an education does not consist solely of academics. Each of these schools understands that a child needs nurturing and counselling so that he can make the most of the opportunities before him. These schools expect the child's family to be involved. His education is a partnership of three: home, school and student. That's what it takes to provide the solid foundation a child needs in order to succeed in his adult life.
De Marillac Academy, San Francisco, is an example of the very best sort of educational initiative sponsored by the Roman Catholic Church. Established by Daughters of Charity and De La Salle Christian Brothers the school provides tuition free schooling for middle school age children in one of San Francisco's poorest neighborhoods. More about the mission of the Academy here.
The key to De Marillac's ability to accomplish its mission is the Academy's Schoolwide Learning Expectations. The Academy isn't providing simply a top-notch