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True or False: Do Declining Endowments Mean Less Financial Aid?
The impact of the 2009 financial meltdown on private school endowments has not been as severe as it was on college endowments.

The article in the New York Times sounds ominous. Certainly, as it points out, private school endowment funds have seen declines in their value as a result of economic and financial meltdowns. But there are other factors which the article does not address which make the impact on financial aid less of an issue than the writer would have you believe.

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.

Sustainability

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

Financial aid goes to the heart of most private schools' commitments to diversity. It is not an option. It is

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Staying Positive While Unemployed

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Staying Positive While Unemployed
This article offers guidance for unemployed teachers on maintaining a positive outlook while job hunting. It emphasizes the importance of networking, acquiring new skills, and staying involved in the education community to increase employability and boost morale during challenging times.

If you are one of thousands of teachers who have been let go because of budget cuts, you are probably looking for another teaching job. Teaching is what you know. Teaching is what you love. After all, you sacrificed greatly to earn your degree. You could have gone into another profession or business and made much more money. But your idealism and sense of service to your nation's future got the better of you. You became a teacher.

Unfortunately, finding a new teaching position can be a very unsettling experience. Nothing is the same as it used to be. Years ago, you became a teacher. You went through a probationary period of several years. Back then, you were granted tenure, generous benefits, and a pension.

No money=no teachers

The economic meltdown of 2009 and the pandemic of 2020 were game-changers. Those events hit hard. In both situations, school districts struggled with budgets slashed deeply because of declining tax revenues. Suddenly, thousands of teaching jobs were eliminated. Maybe your job was one of them.

Downsizing is a phenomenon that has struck just about everywhere. What is even worse is that the available teaching jobs often don't come with the kind of generous benefits and tenure to which we all have grown accustomed. That's a thing of the past in most parts of the country.

The irony is that we as a nation have never needed talented teachers more than we do now. Our students are doing poorly when compared

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Making It Accurate and Truthful

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Making It Accurate and Truthful
You must not fudge the facts on your private school employment application. Tell the truth. Put a positive spin on any potentially negative areas. More here.

An employment application is no place for half-truths. You have to understand that private schools have a fiduciary responsibility to their clients. They cannot afford to hire somebody who might jeopardize the school's reputation or, worse yet, cause harm to students. That is why it is so important to answer all the questions on an employment application truthfully.

Background Checks

Most private schools will use a service to do background checks on any potential new hires. They will not run the background check until they have interviewed you because background checks are expensive. That's another reason why you need to be truthful about anything in your resume which will arouse probing questions and nix your chances of even being interviewed.

What the background check really examines is your criminal and credit history. If you were charged with a criminal offense or have bad credit, that will show on your background check. Take the offensive and point out that your credit was destroyed by huge medical bills as a result of your mother suffering from Alzheimer's. Don't be creative. Just tell the truth.

Expect a drug test at some point in the hiring process. Since views about pot and even alcohol vary widely from one part of the country to another, make sure those tests come out clean. If you have been prescribed a controlled substance that will show up in a drug test, mention it proactively and file a copy of your doctor's prescription just in case

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Conducting a Job Search Via Social Media

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Conducting a Job Search Via Social Media
Social media such as Twitter, LinkedIn, blogs and Facebook offer special opportunities for the private school job-seeker.

Finding a private school job was fairly simple years ago. You kept your resume and curriculum vitae up to date, did a bit of networking, attended a couple of professional conferences and that was pretty much it. News of job openings would come your way. You followed up with your application, were interviewed and, hopefully, won the appointment. It doesn't work that way any more.

As a result many teachers and administrators used to doing things the old way will look askance at the idea of using online sites and online tools to conduct their private school job search. I would suggest that you might want to think twice before you cast aspersions on these new ways of finding a job. You just might be on your way to becoming a digital dinosaur. Now, you wouldn't want to be a digital dinosaur, would you?

First of all, understand that online tools are simply that - tools. A chisel in the hands of a novice makes clumsy cuts and produces amateurish results. The same is true of most online tools and social media. You need to learn how to use them effectively to land the job you really want. Each of these tools and applications is effective when used by itself. But for the best results I recommend that you use all of them. Using these new tools effectively takes practice and patience. You cannot realistically expect results within hours of your first posts. Give it time.

Let's focus

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Job Search: Matching Your Qualifications

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Job Search: Matching Your Qualifications
This article provides guidance for educators seeking employment in private schools. It offers tips on how to effectively match qualifications to job requirements, craft a compelling resume, and prepare for interviews. The piece emphasizes the importance of showcasing unique skills and experiences that align with private school values and expectations.

An Old-fashioned Approach

Private schools are small corporate entities. It's not like you're applying to a Fortune 1000 company. So, remember that each school is unique and has its own specific job application requirements and instructions.

Finding a private high school teaching position is similar to finding any other job with specific requirements for experience and education. The difference is that most private schools will expect you to be an active member of their school community. Put another way, it is not enough to teach your subject and go home. You will be expected to be a leader in the school community. Your willingness to be involved in extracurricular and athletic activities is a job requirement for private school teachers.

It sounds simple enough, but one of the most important things you must do when looking for a teaching job is to ensure your qualifications match the requirements of the position. If you don't clarify that in your resume and cover letter, you might not even make the first cut when your application is opened and reviewed.

Let's look at a typical job posting and review how it should be handled. This is an actual job posting. The name of the school has been changed to protect its identity.

Upper School Mathematics Teacher beginning Fall 2025

Job Responsibilities

St Swithins seeks an energetic and committed Mathematics teacher for grades 9 - 12 to teach a range of courses in a comprehensive curriculum offering Algebra I through Calculus. This is a
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