
wait, like a land equity loan? That's crazy. I wonder what the lender accepted as collateral for a property that couldn't be subdivided and has structures on it. It seems really, really risky for both the lender and the school. |
The FAQ explains it. What do you think the Board has a requirement to disclose, to whom, and when? |
Who made these decisions? |
Every private school I can think of has built new buildings in the last 10 years. None have had to shut their doors due to pledge issues. This is financial mismanagement on behalf of the board. They made the decision to move forward based on the money in hand and the pledged amounts. They took the risk. |
All but those with biggest endowments, richest families have been dancing at the edge of financial insolvency. |
The families all want new shiny stuff, and usually someone else to pay for it. |
++1 |
I felt for the families trying to start a coalition or sign petitions. I know people say it’s a troll to laugh or be skeptical at such efforts. But really how would they work at this point?
First of all - who should be making plans with a school that has so completely let them down and exhibited a complete lack of transparency and ethics? Why would we believe they can be trusted now? Second any fundraising effort takes time. You’ll end with with pledges and then what? Find out in August there isn’t enough money after all? And we’re supposed to wait to see how it pans out? Everyone is scrambling now and wants to figure out the fall as soon as possible. We will sign contracts or decide on path forward. No one can afford to wait to see if doors open in September and no coalition will produce a solution in 2 weeks. At best efforts can bring the school back in a year but certainly not this September and no one can afford to risk that gamble. And even if it came back for a year, everyone still is going to leave as soon as they find something else (specially teachers). So the chance of not finishing out the year with enough staff would be extremely high. And if you know you’re going to be out of a school in a year already you’re more likely going to want to start there as soon as possible. The only exception might be US juniors. One more year gets them done. For no one else does one more tear help (like the sophomores want to be in the lurch for senior year?). So i emphasize with everyone’s pain which is my own but we need solutions that don’t require us to be made of a fool of all over again next year. |
*empathize |
I agree with you 6:59. Parent of current junior. Selfishly there isn't much I wouldn't do for a one-year reprieve so our child can finish at the school they've grown to love. But other than junior parents, I have a hard time seeing who will take that risk with us?
We'd need in very short order an ENTIRELY new Board of Trustees (since the current batch is a big part of why we're here!), a HOS and who knows how many teachers since it's entirely unclear who would stay. Again as a parent of a junior I'd leap at the chance to give our kid that last year. If I were a parent of a 7th grader, or a 10th grader, I'm sorry but there's no chance I'd stay, just not enough faith! |
As I call other schools and visit websites and interact with schools, I realize how hard a transition it will be for all of us. Even though there are some fabulous schools out there, SSFS was a beautiful little community with amazing teachers and it will be hard to replicate and find. And the learning support (for the kids who needed it) was built into the system. This saddens me even more as I continue the search for schools. Just so mad and heartbroken. |
This is not true. |
What’s not true? There absolutely are non-diocesan Catholic schools in the DC area. Are you new here? |
I just cannot understand why they didn’t do a Hail Mary solicitation for donations before taking this step so abruptly. |
I'm thinking about Christ Episcopal School in Rockville. They were in a similar position a few years ago, with an eminent closure and last-minute fundraising push. They had buildings to sell, so perhaps it's not an apples to apples comparison. But they're still open. |