Articles & Press Releases
Gann Academy Receives $12.25 Million Gift
Anonymous Donation Erases School’s Outstanding Debt
Waltham, MA -- Gann Academy, a pluralistic Jewish high school serving
the Greater Boston community, announced today that a small group of anonymous
donors have contributed $12,250,000 to the School, the most significant
gift in the School’s thirteen-year history. The gift is restricted
to eliminating the School’s long-term debt.
Elizabeth Jick, President of the Gann Board of Directors, said, “We
have reached a tremendous and transformative moment for our School. The
magnitude of this gift and the extraordinary generosity of these donors
speak volumes about their commitment to our mission and their belief in
the powerful impact of a Gann education.”
Head of School Rabbi Marc Baker said, “We are committed to sustaining
and enhancing the quality of a Gann education, our Jewish educational vision,
and the commitment to excellence that has been the hallmark of our School
since its inception. This amazing gift is a major step in ensuring the
long-term financial sustainability of our School, starting with outright
ownership of our building and our campus, where we carry out the sacred
work of education.”
In 2002, Gann borrowed $15 million through the issuance of tax-exempt
bonds to finance the purchase of its 20-acre campus and construction of
its 105,000 square foot facility in Waltham, Massachusetts. This gift has
enabled the School to pay off the balance of its debt, and therefore, devote
increased resources to enhancing the educational opportunities for its
316 students in grades 9 - 12, as it enters its 13th or “Bar Mitzvah” year.
Barry Shrage, President of Combined Jewish Philanthropies of Greater Boston,
said, “Gann Academy is nationally recognized as a model of innovation
and quality. Today’s announcement demonstrates that, even in this
challenging economic environment, generous donors can be inspired to make
record-breaking gifts to promote excellence and affordability in Jewish
education.”
Rabbi Joshua Elkin, Executive Director of the Partnership for Excellence
in Jewish Education (PEJE) said, “A gift of this magnitude reflects
the best of what is possible when talented professional and board leaders
are united both by a vision of their school’s financial sustainability
and by a willingness to communicate that vision in compelling ways to potential
supporters. The generosity of the anonymous donors is a testament to the
enduring value of Jewish day school education for ensuring a vibrant Jewish
future.”
Gann Academy – The New Jewish High School of Greater Boston opened
its doors in 1997 and is a pluralistic day school committed to providing
a challenging, nurturing, and inspiring education that integrates intensive
Jewish studies with the sciences and humanities. You can learn more about
Gann Academy at www.gannacademy.org.
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