December 6, 2013 The Newsletter of the Phillips Academy Community Vol. XXXIX, No. 12

What’s Inside...The Scene ...................................................2Messiah Concert Tonight ........................3Athletics Director Finalists ....................3The World Before Her Screening ............4Holiday Open House Invitation ...........4Jack Richards Memorial Service ...........4Andover Institute Event ..........................4Gail Wozniak Farewell Reception ........4Holiday Luncheon Save the Date .........5Athletics Schedule ...................................5Lessons and Carols Service ....................5Holiday Arts & Crafts Fair .....................5From the OWHL .......................................6Employment & Benefits News ...............7Summary Annual Report........................8

Duty Officer: Trish Russellhome ..................................978-749-4032cell ......................................508-783-6577pager ..................................978-749-4550

Dean on Duty: Matt Hessionhome ..................................978-749-4555cell ......................................978-494-3868pager ..................................978-749-4558

Graham House: Max Alovisettihome ..................................978-475-0598cell ......................................978-407-1239

Student Activities: Chris Capanocell ......................................978-761-3081office ......... 978-749-4174, 978-749-4183

Gazette submissions are due at gazette@andover.edu by 3 p.m. on Wednesday.

“To shorten winter, borrow some money

due in spring.”—W.J. Vogel

Reddit and Y Combinator Cofounders to Visit Andover December 9On Monday, December 9, the PA community is invited to join Reddit cofounder Alexis Ohanian and Y Combinator founding partner Jessica Livingston ’89 for lunch and con-versation from 11:30 a.m. to 1 p.m. in the Mural Room at Paresky Commons. The pair will discuss Ohanian’s new book, Without Their Permission: How the 21st Century Will Be Made, Not Managed (a Wall Street Journal best seller), and share their thoughts on the role of the Web and digital tools in building community, sparking conversation, fueling suc-cessful entrepreneurs, and igniting online movements.

Founded in 2005, Reddit is a user-driven social news site and global discussion board for what’s new and popular on the Web. Users provide the content and decide, through voting, what’s good and what isn’t. Links that receive community approval move their way up toward the top of the site. As a result, the site is constantly changing and filling with new links. Since cofounding Reddit, Ohanian has gone on to help start or invest in more than 60 startup ventures, among them the travel website Hipmunk and his own social enter-prise, Breadpig, which has generated more

than $200,000 for charities. For more information on Ohanian, visit www.reddit.com and http://alexisohanian.com.

Y Combinator (YC) is a startup-funding company that partners with angel investors and venture-capital funders to invest small sums—an average of $18,000—in a large number of promising companies. YC requires the startups to move to Silicon Valley for three months to refine their pitch to later-stage investors. Since its inception, YC has funded more than 450 startups, including Reddit, Dropbox, and Airbnb. Prior to YC, Livingston was VP of market-ing at investment bank Adams Harkness, where she managed an award-winning rebranding of the company. She also is the author of Founders at Work, a book of interviews with startup founders. For more information on Livingston, visit www.ycombinator.com and www.foundersatwork.com.

This event is open to the PA community. For more information, please contact Belinda Traub at ext. 4005 or btraub@andover.edu.

Alexis Ohanian

Jessica Livingston ’89

December 6, 2013 Return to Page 1 2 Return to Page 1 2

The SceneSchedule of Community Events & Extracurriculars

Religious Scene continued on page 3

Religious Scene

Friday, December 65:30–6:30 p.m.—Jewish Shabbat ServiceLed by Rabbi Michael Swarttz and members of the Jewish Student Union. Paul’s Room, upper level, Paresky Commons.

Saturday, December 71 p.m.—Memorial ServiceIn honor of Faculty Emeritus John “Jack” Richards. Cochran Chapel. Reception in the Cage immediately fol-lowing the service.

Sunday, December 85:30–6:30 p.m.—Confirmation ClassLed by Dr. Mary Kantor. Cochran Chapel Classroom #015, lower level.

6 p.m.—Protestant ServiceLed by the Reverend Anne Gardner, Protestant Chaplain. Cochran Chapel.

6:45–7:30 p.m.—Roman Catholic MassOverseen by Dr. Mary Kantor, Catholic Chaplain, with priests of the Archdio-cese of Boston presiding. Special music by Dr. Abbey Siegfried, school organ-ist. Kemper Chapel, side entrance to Cochran Chapel.

Monday, December 95:30–6:30 p.m.—Gospel ChoirMichael Belcher, director; Dr. Abbey Siegfried, advisor; student coheads: Adella Pierre ’14 and Bella Flynn ’16. All members of the campus community

and beyond are welcome. No experi-ence needed. Choir Room, lower level of Cochran Chapel.

7–8 p.m.—Andover Christian Fellowship (ACF) Advisor: Ms. Shawn Fulford. Student board members: Evelyn Liu ’15, Catherine Haseman ’14, and Duschia Bodet ’16. Baldwin Cloister, lower level (side entrance) of Cochran Chapel.

Tuesday, December 105:15 p.m.—“Culture, Politics, and Religion” (CPR)Giving life to discussion about religion, culture, and politics, led by the Reverend Anne Gardner. Student coheads: Adele Bernhard ’14 and

Friday, December 67:30 p.m.—Messiah ConcertGet into the holiday spirit at this annual concert to benefit Neighbors in Need, the Merrimack Valley Chapter of the American Red Cross, and the First Afri-can Foundation. Admission is $5; free for senior citizens and students with a donation of a nonperishable or canned food item. Cochran Chapel.

Saturday, December 711 a.m.–5 p.m.—Holiday Arts & Crafts FairCross a few people off your shopping list! Unitarian Universalist Congrega-tion Church, 6 Locke St., Andover.

Sunday, December 81 p.m.—Film ScreeningLearn about the role of women in mod-ern-day India at this screening of The World Before Her. Kemper Auditorium.

Monday, December 911:30 a.m.–1 p.m.—Lunch and Conversation with Reddit and Y Combinator CofoundersJoin Reddit’s Alexis Ohanian and Y Combinator’s Jessica Livingston ’89

as they share their thoughts on the role of the Web and digital tools in build-ing community, sparking conversation, fueling successful entrepreneurs, and igniting online movements. Mural Room, Paresky Commons.

Wednesday, December 115–7 p.m.—Off-Campus Learning and Global Citizenship EventLearn more about the programs that will be offered in 2014–2015. Students are encouraged to attend. Mural Room, Paresky Commons.

Thursday, December 122–3 p.m.—Farewell Reception for Gail WozniakCelebrate Gail’s 15 years of distin-guished service to OAR and the Acad-emy. McKeen Rooms, Draper Hall.

Friday, December 133:30–5:30 p.m.—Holiday Open House Kick off the holiday season with friends and coworkers at this annual holiday open house, hosted by John Palfrey and Catherine Carter. Phelps House.

Sunday, December 154:30 p.m.—Lessons and Carols ServiceEnjoy this vibrant holiday celebration featuring music by the PA Handbell Choir, the Academy Chorus and Fidelio, and a brass ensemble. Cochran Chapel.

Faculty Meeting Schedule and Topics

December 9: Midterm Reports Discussion

December 16: No Meeting

January 13: School Congress on Student Sexuality/Sex Education

January 20: No Meeting; MLK Jr. Day

January 27: Strategic Planning

February 3: Gender

February 10: No Meeting; Long Weekend

February 17: Student Sexuality/Sex Education

February 24: Workload Committee

December 6, 2013 Return to Page 1 3 Return to Page 1 3

Tracy Sweet (ext. 4313)Director of Academy Communications

Audrey Doyle (ext. 4659)Editor and Designer

Ken Puleo (ext. 4475)Art Director

Printed on recycled paper in Central Services. Please recycle your Gazette.

Religious Scene continued from page 2

Interfaith Lending LibraryThe Interfaith Lending Library is accessible through the PA OWHL system and the NOBLE library consortium. Selections also may be viewed from the Library Thing web-site at www.librarything.com. Login: PAChapel. Password: Interfaith1.

Messiah Concert Tonight, December 6The music department will sponsor its 26th annual holiday concert featuring excerpts from Handel’s oratorio, Messiah, tonight, December 6, at 7:30 p.m. in Cochran Chapel.

The program, under the direction of Christopher Walter, will feature the Phillips Acad-emy Community Chorus and the Academy Chamber Players comprising PA students, faculty, and staff, as well as musicians from the Merrimack Valley, Boston, and North Shore areas. This year’s special guest soloists are Barbara Kilduff-O’Farrell, soprano; Thea Lobo, mezzo-soprano; Eric Christopher Perry, tenor; and Donald Wilkinson, baritone.

The concert, which is open to the public, is being held to benefit the Merrimack Valley food pantry Neighbors in Need; the Merrimack Valley Chapter of the American Red Cross; and the First African Foundation, which seeks to purchase the historic First African Church located at Short and Deweese streets in Lexington, Kentucky. General admission is $5; senior citizens and students may be admitted with a donation of a non-perishable or canned food item.

For more information on the concert, please contact the music department at ext. 4260 or music@andover.edu.

Athletics Director Candidates to Visit Andover December 10, 12 & 17The Athletics Director Search Advisory Committee will host visits from three finalists:

• Tuesday, December 10: Leon Modeste, Phillips Academy faculty

• Thursday, December 12: Don Faulstick, Associate Director of Athletics, Amherst College

• Tuesday, December 17: Josh Freschette ’90, Athletics Director, Marin Academy

On the day before each visit, faculty and staff will find links to the candidate’s cover letter and CV, the visit schedule, and a feedback survey instrument posted in the Campus News section of PAnet.

The members of the Athletics Director Search Advisory Committee—Pat Farrell (chair), Deb Chase, Kate Dolan, Chris Gurry, and Carmen Muñoz-Fernández—invite your par-ticipation in this process. We will host an Open Forum with each candidate from 7 to 8 p.m. in the Underwood Room at the conclusion of the visit day. Please consider joining the conversation to welcome the candidates, offer comments, and pose questions. Your feedback, via an online survey, will help inform the search committee’s recommen-dation to Head of School John Palfrey.

—Athletics Director Search Advisory Committee

Iman Masmoudi ’14. Student board members: Emma Kahn ’14, Thomi Pamplin ’14, Jordan Boudreau ’14, Rebecca Somer ’15, and James Taylor ’16. Ada’s Room, upper level, Paresky Commons.

5:15 p.m.—Catholic Student Fellowship (CSF)Advisor: Dr. Mary Kantor. Student board members: Andrea Yepez ’14, president; Matt Fischetti ’14; Patrick Huber ’14; Michaela Barczak ’15; Tom Johst ’15; Kristen Overly ’15; and Monica Traniello ’15. Paul’s Room, upper level, Paresky Commons.

5:15 p.m.—Jewish Student Union (JSU)Advisor: Rabbi Michael Swarttz. Student board members: copresi- dents Adam Brody ’14 and Zoe Chazen ’14; Esther Cohen ’14; Samantha Goldberg ’14; and Jerry Li ’14. CAMD Office, Morse Hall.

December 6, 2013 Return to Page 1 4

Holiday Open HouseDear Faculty, Staff, and Administrators,

We are delighted to invite you to our annual holiday open house at Phelps House (189 Main Street) on Friday, December 13. Please drop by anytime between 3:30 and 5:30 p.m. to kick off the holiday season with friends and coworkers.

You are the heart, brains, and hands of this community, and our lives are enriched by your work and your example. We hope you will plan to join us on the 13th.

—John Palfrey and Catherine Carter

The World Before Her Film ScreeningWinner of the award for Best Documentary Film in the 2012 Tribeca Film Festival, The World Before Her is a movie about the culture that surrounds the Miss India beauty pageant and a girls’ militant Hindu fundamentalist camp. Both shine a light on the complicated and complex role of women in modern-day India and the ties that bind them.

Sponsored by the Hindu Student Union, with support by the Abbot Academy Association, a screening of this groundbreaking film will be held on Sunday, December 8, at 1 p.m. in Kemper Auditorium. Hot popcorn and candy bar treats (movie theater style) will be served.

All are welcome!

—The Reverend Anne GardnerDirector, Religious and Spiritual Life

Farewell Reception for Gail WozniakOn December 12, Gail Wozniak, assistant director of Alumni Engagement–Reunions & Events, will retire after having com-pleted 15 years of distinguished service to OAR and the Acad-emy. During these years, Gail has helped strengthen Academy relationships with countless alumni, parents, and friends.

Gail came to Andover in 1998 from Phillips Exeter Academy to manage events associated with Campaign Andover—the first of our two major campaigns—which ended in 2002. She then took on the important work of reunion planning, in which she helped hundreds of class leaders customize their Reunion Weekend activities and events. In fact, a number of these leaders have cel-ebrated two and possibly three different reunions thanks to the thoughtful and professional guidance provided by Gail.

Folks across campus know and admire Gail for her collaborative and selfless manner. The community is invited to a reception for Gail on Thursday, December 12, from 2 to 3 p.m. in the McKeen Rooms of Draper Hall.

—Peter RamseySecretary of the Academy

Off-Campus Learning and Global Citizenship EventOn Wednesday, December 11, from 5 to 7 p.m. in the Mural Room at Paresky Commons, we will host an Off-Campus Learn-ing and Global Citizenship event, during which students and other community members are invited to learn more about the programs that will be offered in 2014–2015, including interna-tional and domestic opportunities.

Please encourage your students to attend. For more information on the available programs, please visit http://bit.ly/1ixJ78Z. If you have questions about the event, please e-mail Caroline Nolan (cnolan@andover.edu) or Peter Merrill (pmerrill@andover.edu).

Memorial Service for John “Jack” RichardsOn Saturday, December 7, Cochran Chapel invites all members of the community to join in honoring Faculty Emeritus Jack Richards. A private burial (family only) will be held in the morn-ing, followed by a memorial service beginning at 1 p.m. in the Chapel. Immediately following the service, a reception will be held in the Cage.

For those so interested, contributions in Jack’s memory may be made to The Mayhew Program, P.O. Box 120, Bristol, N.H. 03222 or The Squam Lakes Assoc., P.O. Box 204, Holderness, N.H. 03245.

—The Reverend Anne GardnerDirector, Spiritual and Religious Life

December 6, 2013 Return to Page 1 5

Save the Date! Holiday Luncheon for

Staff and Administrators

Thursday, December 19 11:30 a.m.–1:30 p.m.

Paresky Commons, Upper Left

Join your friends and colleagues for a festive holiday luncheon!

(Last meal for faculty and families is dinner on Wednesday, December 18.)

Holiday Arts & Crafts FairCross a few people off your holiday shop-ping list! A Holiday Arts & Crafts Fair, to be held Saturday, December 7, from 11 a.m. to 5 p.m. at the Unitarian Univer-salist Congregation Church, 6 Locke St., Andover, will feature lots of affordable handmade gifts. Ceramics, jewelry, fiber art, painting, clothing, and more—includ-ing scarves, ear warmers/neck gaiters, and fleece hats made by PA art instructor Emily Trespas—will be available for pur-chase. Light refreshments will be served.

The church is handicap-accessible, and the event is free and open to the public.

Lessons and Carols ServiceOn Sunday, December 15, at 4:30 p.m., Cochran Chapel will host its annual Lessons and Carols service. Heavenly music will be provided by the Phillips Academy Handbell Choir (directed by Dr. Abbey Siegfried), the Academy Chorus and Fidelio (directed by Chris Walter), and a brass ensemble (directed by Vincent Monaco).

All are welcome to join us for this vibrant holiday celebration!

—The Reverend Anne GardnerDirector, Spiritual and Religious Life

Go Big Blue!Come cheer for Andover at these upcoming contests. Dates and times below are subject to change! For updates, go to Athletics→Team Pages→Schedules & Scores on the PA website, or call Lisa Buckley (ext. 4092).

Friday, December 6Basketball BV St. Paul’s 5:00 AHockey BV Brewster Academy 5:15 HHockey GV B.B.&N. 5:15 H

Saturday, December 7Basketball BV Pingree 3:15 ASquash BJV1 Tabor 3:30 HSquash BV Tabor 3:30 HWrestling V Noble & Greenough 3:30 AHockey BV Pomfret 3:45 HHockey BJV Chelmsford HS 4:15 HSwimming & Diving BV Suffield/Peddie 4:45 ASwimming & Diving GV Suffield/Peddie 4:45 ABasketball GV Choate 5:15 HSquash GV Milton 5:30 H

Monday, December 9Hockey BV St. Paul’s 5:15 H

Wednesday, December 11Nordic Skiing Holderness 2:45 AIndoor Track BV Governor’s/Wilbraham/Hyde (ME) 3:00 HIndoor Track GV Governor’s/Wilbraham/Hyde (ME) 3:00 HHockey GV Winchendon 3:15 H

Thursday, December 12Squash BV Brooks 4:00 H

December 6, 2013 Return to Page 1 6

From the OWHL

Details on Recent LAMs WorkshopIn order to further our collective goal of exploring with fac-ulty the ways in which the rich material held by the museums, archives, library, and map collection on campus can support curricula across subject areas, representatives from the Addison Gallery, Archives and Special Collections, the Knafel Map Col-lection, the OWHL, and the Peabody Museum recently hosted new faculty for an evening workshop on the LAMs (Libraries, Archives, and Museums). Faculty cycled through mini work-shops designed to illuminate connections between each institu-tion’s collections and PA course content in an effort to inspire interdisciplinary lesson ideas for using object-based teaching and learning to build students’ critical thinking and visual literacy skills.

From the OWHL:The OWHL opened the evening with an introduction to the wealth of resources and services we offer. We have seven instruc-tional librarians—each with specific liaison areas to academic departments on campus—who offer library and research instruc-tion to improve students’ information literacy and hone their research skills. Also, not only do we subscribe to more than 80 databases and electronic resources, but because we are part of the NOBLE network we have access to more than 3 millions items from 17 public libraries and 10 college and university libraries.

The OWHL also created a LAMs-focused OWHL Guide to act as a permanent resource for faculty looking for curriculum support. Each LAMs member has a tab in the guide that describes the types of resources available, how to get in touch, curriculum con-nections, and collaborative opportunities. Please check out the LAMs OWHL Guide at http://owhlguides.andover.edu/LAMs.

From the Knafel Map Collection:New faculty explored a handful of reproduction maps as well as some digital images from the Knafel Map Collection, and discussed the ways in which the visual languages used in mapping not only convey information about past and present knowledge of the world, but also indicate cultural, political, and social values. Faculty brainstormed possibilities of including map activities in the classroom and the ways in which this could sup-port their curriculum.

From the Peabody Museum:Using the Peabody Museum’s archaeological collections, faculty members examined two objects: a stone celt and a metal celt (a celt is similar to a chisel and is a woodworking tool). Discussion of these objects arose from direct observation skills: How were the objects made? Would it have been easy to make them? What do they reveal about their owners’ social status? By asking a series of follow-up questions about the celts (e.g.: Where would

Native Americans have acquired metal?), we moved through the long and complicated story of the fur trade in New England. History 200 classes use this activity to explore the relationships of commodities in the Americas. Similar observational examinations of the Peabody’s collections can yield multiple narratives and can apply to a variety of subjects, including math, science, history, and social sciences.

From Archives and Special Collections:The mini workshop focused on introducing new faculty to Archives and Special Collections in general, with examples of how collections have been used in history classes. For instance, History 200 classes have come to use the rare 1661 Eliot Bible to explore issues of cultural contact, religious conversion, and literacy, as well as the history of printing. Also, Emma Frey, instructor in history and social science, has offered an extra-credit assignment to History 300 students requiring that they analyze a scrapbook from the Archives and write a description of its cre-ator, content (including format of ephemera), condition, and time period for the Archives website, to enhance access to collections for future researchers. We are eager to integrate collections into courses across the curriculum in ways that reinforce the skills taught at the OWHL, Addison, Peabody, and with Knafel Maps.

From the Addison:During the Addison’s mini workshop, faculty explored copies of works from the museum collection from a variety of time periods and in a variety of mediums. We discussed the ways in which each image might be “read,” using visual evidence to support analysis, stories the images might tell about place and identity, and various course topics and themes that individual images might support. Faculty attendees then were tasked with selecting, grouping, rearranging, and recontextualizing images, curating narratives and sequences that speak to content from their courses. Each image was placed in a variety of contexts, each time altering its narrative and therefore its potential impact. These types of curatorial assignments, either using Addison works in the Museum Learning Center or using JPEGs from the museum’s online database, invite students to think critically about intentions behind information that they are presented with in the world around them and how those narratives are created.

Upcoming:The Phillips Academy LAMs collaborative is busy developing additional and more in-depth examinations of these modes and methods of teaching and learning with objects. Watch this space for an announcement of the Teaching with Objects workshop.

—Compiled by Elisabeth TullyDirector, OWHL

December 6, 2013 Return to Page 1 7

Employment & Benefits News

New Changes to Academy Paid Life InsuranceEffective January 1, 2014, the Academy paid life insurance ben-efit for eligible employees designated as .5 FTE or greater will increase from one times your annual salary up to $50,000, to one times your annual salary up to $100,000. No action is required on your part for this benefit; however, if you have not updated your beneficiary designation in the past year, we recommend that you complete a new Beneficiary Designation form. Please note that the IRS requires you to be taxed on the value of employer-provided group term life insurance over $50,000. The taxable value of this life insurance coverage is called imputed income. Even though you don’t receive cash, you are taxed as though you received cash in an amount equal to the value of this coverage. Beneficiary forms, along with more information on imputed income, is available in the Human Resources section of PAnet; click the Benefits tab, and then click Life Insurance.

Annual Life Insurance EnrollmentIf you are a benefits-eligible employee, you have the option at this time to increase or decrease your current level of life insur-ance for yourself or your spouse. Please note that if you opt to increase life insurance coverage for yourself or your spouse, you must complete and submit an Evidence of Insurability form, which provides your medical history, directly to Unum Insurance Company.

You will need to complete an enrollment form only if you will be making changes to your coverage. If you do not want to make any changes, you do not need to take any action. Enrollment forms, Evidence of Insurability forms, and Beneficiary Designa-tion forms are available in the human resources office and in the Human Resources section of PAnet; click the Benefits tab, and then click Life Insurance.

As a reminder, if you have not updated your beneficiary des-ignation in the past year, we recommend that you complete a new Beneficiary Designation form. If you have any questions about this process, please contact human resources or stop by the human resources office. The deadline for returning enrollment forms to the human resources office is Friday, December 18, 2013.

News from the IRS on Retirement Savings and Health Savings Account Maximums The IRS has announced that the 402(g) elective deferral contribution limit for employees who participate in 403(b)/401(k) plans has remained the same ($17,500) for calendar year 2014. The catch-up contribution limit for employees who are age 50 or over also remains unchanged (at $5,500). In the coming weeks, we will send reminders to employees to review their elective contributions for the 2014 plan year. If you currently are contrib-uting, you will not need to complete a new form to continue with your current election in 2014. Forms are located in the Human Resources section of PAnet; click the Benefits tab, and then click Retirement Savings.

The IRS has announced that the 2014 maximums for Health Savings Accounts (HSAs) have increased slightly. Please note

that the HSA maximums include both employee and employer contributions. If you would like to contribute the maximum allowable for 2014, or if you would like to start or change your current contribution, please submit a new enrollment form to human resources. These forms are available in the Human Resources section of PAnet; click the Benefits tab, and then click Enrollment Forms. If you currently are contributing, you will not need to complete a new form to continue with your current elec-tion in 2014.

In summary:

Plan 2014 Maximums

2013 Maximums

403(b) Elective Deferral Contributions

$17,500 $17,500

403(b) Catch-Up Contribution (Age 50+)

$5,500 $5,500

Health Savings Account (HSA) Individual Coverage

$3,300 $3,250

Health Savings Account (HSA) Family Coverage

$6,550 $6,450

Health Savings Account (HSA) Catch-Up Contribution (Age 55+)

$1,000 $1,000

Harvard Pilgrim Fitness Reimbursement BenefitIf you’re a member of a Harvard Pilgrim insurance plan (all Academy plans), and you or your dependents covered under your plan belong to a qualified health and fitness club for at least four months in a calendar year, HPHC will reimburse you up to $150. Information on the reimbursement requirements, as well as the reimbursement form and a link to the Harvard Pilgrim website, can be found in the Human Resources section of PAnet, under the Employee Wellness Program tab. To access this benefit, you can apply online with a secure HPHConnect account and reduce reimbursement turnaround time (two to four weeks). Or, you can apply by mail.

Live a Longer, Healthier Life Want to learn how people are living longer and healthier lives? On Friday, December 13, Dr. Christopher R. Condon, a certified sports and fitness chiropractor from HealthSource of Andover, will offer a free, 45-minute employee workshop during which he will share the techniques he uses with professional baseball play-ers on improving quality of life, and explain how you can apply them to your life.

The workshop will begin promptly at 12:15 p.m. in the Mural Room at Paresky Commons, so come early to reserve a seat, grab your lunch, and learn how to “Live Like You Mean It!”

RSVPs are recommended; please e-mail wellness@andover.edu or contact Stephanie Donovan at ext. 4106.

—Leeann BennettDirector, Human Resources

December 6, 2013 Return to Page 1 8

This is a summary of the annual report for Phillips Academy Retirement Plan, EIN 04-2103579, Plan No. 002, for the period of January 01, 2012, through December 31, 2012. The annual report has been filed with the Employee Benefits Security Administra-tion, U.S. Department of Labor, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Basic Financial StatementBenefits under the plan are provided by insurance and a trust fund. Plan expenses were $4,914,103. These expenses included $4,914,103 in benefits paid to participants and beneficiaries. A total of 1,274 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of plan assets, after subtracting liabilities of the plan, was $167,646,410 as of December 31, 2012, compared to $148,692,850 as of January 01, 2012. During the plan year, the plan experienced an increase in its net assets of $18,953,560. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan’s assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. The plan had a total income of $23,867,663, including employer contributions of $3,459,883, employee contributions of $3,922,095, other contributions of $832,521, and earnings from investments of $15,653,164.

Your Rights to Additional InformationYou have the right to receive a copy of the full annual report, or any part thereof, on request. The following items are included in that report:

• An accountant’s report

• Financial information

• Information on payments to service providers

• Assets held for investment

• Fiduciary information, including nonexempt transactions between the plan and parties-in-interest (that is, persons who have certain relationships with the plan)

• Insurance information, including sales commissions paid by insurance carriers

• Information regarding any common or collective trusts, pooled separate accounts, master trusts, or 103-12 invest-ment entities in which the plan participates

To obtain a copy of the full annual report, or any part thereof, write to the office of Trustees of Phillips Academy at 180 Main St., Andover, MA 01810-4161, or call 978-749-4105. The charge to cover copying costs will be $0.25 per page.

You also have the right to receive from the plan administra-tor, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge.

You also have the legally protected right to examine the annual report at the main office of the plan (Trustees of Phillips Academy, 180 Main St., Andover, MA 01810-4161) and at the U.S. Department of Labor in Washington, DC, or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitu-tion Ave. N.W., Washington, DC 20210.

Summary Annual ReportFor Phillips Academy Retirement Plan