Report from the Development Office

I AM RELUCTANT TO REPORT more good news since so many of you thought my report overly ebullient last year, but it is an undeniable fact that our alumni and parents donated well over $7 million to Putney in the past fiscal year and that is awfully good news! In January a member of the class of 1947 and his family completed their $4.5 million pledge to revitalize and endow Elm Lea Farm. This is the largest gift ever received by the school, and will ensure that the farm will remain forever a part of the life and the curriculum of the school. A few weeks previous the Rower brothers made the third largest gift, in the form of a Calder standing mobile. And there was other good news:
Doug Gortner

Doug Gortner

ANNUAL FUND
Under the direction of Chairs Jill and Lanse Stover ’71P, the annual fund hit a new high, $546,667, exceeding the goal by $16,667.This is an increase of one third over two years; the standard is closer to 5%. This increase is largely due to the extraordinary efforts of our current parents.

Parents Fund: In its second year, the Putney Parents Fund came of age, thanks to a strong volunteer effort, led by Co-Chairs Mike Herz, Tim Fry, and Bob Abramowitz, Vice Chair for Japan, Yoshio Maki, and Vice Chair for Korea, Jee HeeLee.This was the most passionate and dedicated leadership team I have encountered in 23 years of working with annual fund committees. Two-hundred six of 251 parents made a gift (82%) and the total came to $180,100! The participation rate was well over three times last year, and the dollars raised 2.3 times last year. Perhaps most impressive is the fact the number of those giving at least $1,000 grew from six in 2002–3 to 19 in 2003–04 to an astonishing 59 in 2004–05! While there were many excellent volunteers, the tag team of Herz and Fry deserves special recognition. Talk about dedication: each spoke with over 100 fellow parents, often calling eight or ten times before finally connecting. In one three-month period I received 1,364 e-mail messages from them. Their passion for the school and extraordinary dedication to the job combined with the enthusiasm and generous instincts of our parents to produce these extraordinary results.

Grandparents Fund: Once again grandparents showed their support for the school. Chair Andrea Rabinowitz’s letters brought in 67 gifts totaling $33,330.

Parents of Alumni: The extraordinary support we receive from the parents of our graduates says something very special about Putney. Responding to letters from Past Parent Chairs Jonathan and Evelyn Clowes P’93, ’96, 307 parents of alumni gave $165,690.

Reunion Giving: This year for the first time we introduced some structure into reunion giving, starting with the 50th reunion class of 1955. Under the inspired leadership of Peng Mei and Phil Fox, the class contributed a total of $53,580 with about half going to the annual fund, and the remainder to renovate two classrooms in the Reynolds Building and endow their maintenance, and to care for the elm trees planted by the class at their 45th reunion.

Although a nice increase over previous years, an ongoing puzzle to me is our very low rate of participation—33%—compared to many schools in the 40–50% range. Most alumni profess deep love of the school and show up regularly at receptions, reunions and Harvest Festival, yet do not make a gift. Perhaps this results from so many years of poor financial discipline, but as Business Manager Randy Smith reported, that has long since ceased. Perhaps you feel as one alum said to us “Wouldn’t money ruin Putney?” NO! I can assure you that we are still lightyears from “cushy.” I would welcome your thoughts on the subject when you have a free moment.

DEFERRED GIVING
This past year, Rennie Washburn and I collaborated with John Temple Swing ’46 to officially launch a deferred giving program to encourage alumni, parents, and grandparents to take advantage of charitable tax law to create a gift through their estate.To date we have recorded seven life-income gifts and 64 bequests and other testamentary gifts. The school desperately needs to build an endowment which will contribute at least 25% to our operating budget (the current amount being less than 10%). When you next revise your estate plan, please give serious consideration to including a small bequest to establish a fund you can name in honor of a loved one. Call me if you would like to learn more about how you can help the school, increase your income, and gain current tax savings.

BUILDING THE FUTURE CAMPAIGN
The Michael S. Currier Center is paid for and planning for the field house is well underway.This past year 372 alumni, parents and grandparents made gifts totaling $2,637,560. Here is some detail:

Rower Challenge: About a year ago, those of you who had not previously given to the BUILDING THE FUTURE campaign received a letter announcing a $1 million challenge from Sandy ’81 and Holton ’80 Rower. That letter brought in more gifts than any other letter I know of at Putney, moving us tantalizingly close to paying off the construction costs of the Currier Center. At the fall board meeting, Board Chair Elizabeth Eisold Blaylock ’80 personally solicited what was for many trustees their third pledge to this campaign. Pledges or gifts were by all board members (including student and faculty trustees!) and on the second day of the meeting Elizabeth proudly announced that the building had been fully funded through gifts.The unprecedented generosity shown by alumni, parents, and grandparents bodes well for the school’s future.

Field House: The new recreation building: is it a gym, a sports barn, an athletic center, or what? Though still but a gleam in its parents’ eyes, the building has generated so much passion that even its prospective name is being hotly debated. At this writing, the suggestion of calling it simply a field house, floated by Christopher Lehmann-Haupt ’52, seems to be gaining momentum. His persuasive argument goes as follows: Aside from sounding like a Putney building— a house in a field—at least one of its dictionary definitions is precisely what we are looking for: “2: an athletic facility where athletes prepare for sport.” Moreover, whereas a gymnasium typically houses items such as swimming pools, squash courts and wrestling areas, our contemplated structure will have as its primary function the support of outdoor sports. Yes, it will include large, multipurpose spaces for basketball, volleyball, badminton, cabbage bowling, fencing and dances, among other indoor activities; its other components will support our tradition of outdoor sports: a wax room, ski storage space, locker rooms and a weight room. A weight room supporting outdoor sports, you ask? You bet. You can’t be a serious rower, runner or skier these days without pumping a lot of iron.

So where does this project stand? During fall and winter a task force composed of faculty, students, alumni and parents under the able direction of Judy Sheridan and Randy Smith met to examine philosophy and program of sports at the school, and the degree of “greenness” we want to incorporate in the new building. The committee met with all interested constituencies and had a wonderful overview of the history and philosophy of sports at Putney from legendary soccer and ski coach, Johnny Caldwell ’46.

The most passionate advocates for the facility were the faculty, for whom exercise time is very hard to come by when school is in session (though enthusiasm was far from lacking among the students). I, for one, anticipate hitting the weights, then showering, before I arrive in the office most mornings. Gradually a consensus emerged that: 1) the building should be modest in scale, as “green” as can be, able to utilize a significant amount of student labor, and simple in its elements.There will be no pool, rowing tank, handball courts, etc., though it will be designed to allow additional components, if desired, to be easily added in the future. No decision has been made on location but we all have a horse in that race.We are moving rapidly to determine the approximate budget and will then seek an architect and start the fundraising.

OTHER GIFTS
During the year a number of gifts to endowment were received which are listed on a separate page. Also of note was a generous gift from trustee Bill New to help build the wing of English classrooms on the site of the old Music Wing. Fittingly, it has been named the New Wing. Alumni Office: Harriet Stupp Rogers ’49 wants you to know that you’re encouraged to write, call, or e-mail the alumni office any time.We’re here to help you stay in touch with each other, and with Putney; to entertain you with Harvest Festival and Reunion, and to collect your news for the Putney Post. Come visit, too! If you’re in the neighborhood don’t miss an opportunity to stop by the school. Harriet’s office is in “The Tower” on the third floor of the Main Building but she’ll be glad to come down to take you on a tour of the new Currier Center or to lunch at the KDU. (The Main Building is 100 years old this year!) Harriet is getting out of the office more these days, visiting alumni from Maine to California.You may be next! Stay tuned.

Changes in the Development Team: During the winter months the executive committee of the board asked us to put together a proposal to take the fund-raising to a higher level.The result is that four new people have joined the staff. Director of Annual Giving Alicia Connors, brings 25 years of development experience at Harvard Business School, Radcliffe, Lehigh and Dartmouth to Putney; Clennon King ’78 joins the team as major gifts officer following 23 years as a journalist, anchor man, film maker, and teacher; Development Information Coordinator Kelley Black brings 18 years of experience in nearby Deerfield Academy’s development operation, and AnnMarie Suarez joins the staff as administrative assistant after five years in the commercial sector. Harriet remains along with Ellen Merrill whose special skills and dedication to the task at hand earned her promotion to director of advancement systems. All told, we have a combined 90 years of advancement experience up here in The Tower. Moving on, and already much missed, are Deni Bergne, Bob Sheridan, and Rennie Washburn—all of whom played key roles in obtaining the funding for the Michael S. Currier Center.

Development Committee: This year also saw the departure from the board of long-time committee chair, Kevin Cornell ’59. Kevin’s support of our efforts has been an important factor in any success we have achieved, and he also became my friend. His encouragement, humor, and commitment to philanthropy will be sorely missed. Stepping into his large shoes is Matt Lorentzen ’81. Matt brings boundless energy, good will, and keen insight to the job.We are all excited to have him leading the team. Continuing to function as mentor and “minister without portfolio” is the venerable Ken Landis ’42.

Future Initiatives: As Brian and I crisscross the country, we hear passionate voices from our alumni and parents stating that Putney is about people, not buildings. They are preaching to the choir. You will be pleased to know that talk is growing that our next major fundraising effort must have at its core an initiative to seek significant endowment gifts to support higher faculty salaries and fully fund our financial aid program. Any such initiative will grow out of the strategic planning initiative now underway. I am told that the average teacher, typically in mid-career with a family, earns $36,000. Furthermore, each year we turn away some wonderful applicants because we have run out of aid money before they arrive. More subtle, but just as pernicious, is the fact that we able to fund about only 70% of “demonstrated need” when we send out letters of acceptance. Since our admission competition comes increasingly from wealthy, first - tier schools that fund 100% of need (and even more in special circumstances), we are losing some of our best applicants.
Boathouse


Summary: I hope I have demonstrated in the preceding pages that it was indeed another special year for the development committee, volunteers, and office staff. My hearty thanks to those who made it possible: the teachers and students who make this such a magical place, my supportive colleagues on the administrative team, our fearless leaders Brian Morgan and Judy Sheridan, the class agents, secretaries, Parents Fund Committee members, and above all to the folks whose names appear on the lists that follow. You have made it an absolute joy to work at your school.

Doug Gortner
doug@putneyschool.org


2005 Pie Chart


STATE OF THE SCHOOL ANNUAL REPORT

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