Update

Be a part of

somethingSOMETHINGBE A PART OF

endowment and planned Giving at Lfafebruary 2013

the CampaiGn for Lake forest aCademy

february 2013

eDitoriaLRuth KeysoMajor Gifts Officerrkeyso@lfanet.org

CamPaign CommuniCations CommitteeAlexandra CampbellSusan HoaglandJulie Kennedy P’08, P’11, P’13, P’15Ruth KeysoJohn Strudwick P’13, P’15

DesignSarah StecArchetype Graphic Design

PhotograPhyRuth KeysoGeorge Pfoertner

PrintingJohn S. Swift Co.

Lake forest aCaDemy1500 W. Kennedy RoadLake Forest, IL 60045www.lfanet.org(847) 234-3210

boarD of trusteesJeffrey B. Keller ’87Chair CamPaign LeaDershiPRuth and A. John Huss, Jr. ’58Honorary Campaign Co-Chairs

Catherine M. WaddellCampaign Chair

Sandra F. BolesPatrick J. Carroll ’87Susan D. CoburnJim C. Cowart ’69Merrill J. Ferguson ’72Karl R. Gedge ’69Lauren A. GorterRichard R. Jaros ’70Allan M. Kaplan ’72Loretta Kalnow Kaplan ’73Julie M. KennedyJeffrey C. NealEllory PeckJ. Michael Schell ’65Nancy How Speer ’59Cynthia W. YinglingRobin G. Zafirovski heaD of sChooLJohn Strudwick

Dear LFA Community, We’re proud to present this issue of LFA’s Campaign Update.

The Academy is moving into the final 15 months of its his-toric fundraising initiative. Since the Campaign for LFA was launched 8 years ago, the school has witnessed a transfor-mation. New buildings for athletics and residential life have enhanced the physical campus, while dollars raised for the endowment have improved academic, technological, and extracurricular programming for all students. More than $50 million has been raised to date.

The final phase of the campaign focuses on support for a new Science Center and growing the endowment through outright and planned gifts. This publication explores the endowment at LFA—what it is, what it supports, how it provides long-term sustainability for the school. Alumni and trustee donors share their personal thoughts about the importance of the en-dowment and why they choose to direct their dollars toward this area of support.

A healthy endowment powers a school to new heights. In-come from the invested funds bolsters the financial aid budget, supports faculty professional development, and helps to underwrite the salary of a senior teacher. Meanwhile, as the corpus, or principal, of the endowment fund grows, it pro-vides a financial cushion for the school for generations to come. Our goal is to increase the endowment at LFA to $30 million by the end of the campaign in June 2014. (The en-dowment is currently valued at $23 million.) Your generosity can help us reach this target.

The Campaign for LFA has experienced tremendous suc-cess thus far. Hundreds of generous alumni, trustees, and parents have stepped forward to make a difference at the school. Their dollars have improved the lives of teachers and students and have elevated the school to new stature in the independent school world. We hope you will join them in backing the institution and making your own mark on this very special place.

Thank you again for your loyalty to the Academy. As we move into the homestretch of this ambitious campaign, we hope you will join us and Be a Part of Something BIG!

Catherine M. Waddell P’01, P’03 Chair, Campaign for LFA

3www.lfanet.org

“ I have been a long-term supporter of Ferry Hall and Lake Forest Academy so that current and future students will be able to benefit, as I did, from a caring, talented faculty who inspired and encouraged me to pursue ’stretch’ goals and helped me develop the skill set needed to achieve them.”

— Former trustee Sally Proudfoot Gries ’63, Cleveland, OH Annual fund, endowment, and planned giving supporter

One of the most powerful ways to support Lake Forest Acad-emy and to ensure the school’s long-term success is through a gift to the endowment.

Endowment dollars are placed in the Academy’s investment fund; a portion of this fund is drawn on annually to relieve the operating budget and to support such things as faculty chairs, financial aid, and new technology in the classroom.

An endowment fund grows over time, making it an impor-tant factor in the school’s future health and sustainability. Gifts to the endowment can be restricted toward a particu-lar area of support—scholarship, faculty chairs, arts, athlet-ics—or can be placed in the school’s unrestricted endowment fund, which is used in the area of greatest need.

Since the start of the Campaign for LFA, the Academy has grown its endowment thanks to both outright gifts and planned gifts. Planned gifts are those received by the school after a donor’s death, either through a bequest in a will or through a benefici-ary distinction of a charitable remainder trust, a life insurance policy or a retirement fund account. Many donors choose to make their most significant contribution to the school—a gift of a lifetime—through a planned giving arrangement.

On the following pages, donors share their reasons for support-ing the Academy through both outright and planned gifts. We thank these donors—and all supporters of the school—for sharing their resources and for giving the gift of education to young people today. n

ENDOWMENt AND PLANNED GIvING

4 Update February 2013

“ I go way back with LFA. I remember my pre-admission interview on the old campus. Reid Hall was still smoldering from the fire that ravaged the school. I was in the first group of boys to go over to the new campus. I remember cutting the grass there and helping to build a football field. That was a tough point in the school’s history; to see the growth the Academy has experienced since that time is phenomenal. Through my gifts I hope to encourage that growth. The Academy has developed into a major institution, from a minor one. LFA is global and addresses education in a proper way—small class sizes and a curriculum that is current.”

— Howard Dubin ’50, Evanston, IL Annual fund and campaign supporter

Kathy and Mike Schell ’65

Trustee Mike Schell ’65 likes to be at the front of the pack. One of the earliest donors to the Campaign for LFA, Mike and his wife, Kathy, helped set the pace for the Academy’s record-breaking fundraising initiative and serve as an exam-ple for others to follow.

In February 2005, Mike and Kathy were approached by former Board Chair Rich Jaros ’70 and Head of School John Strudwick to make a lead gift in support of the campaign. The Schells graciously committed to an unrestricted gift, which they later directed toward financial aid. The Schell-O’Connor Family Scholarship Fund is the first 7-figure en-dowed scholarship in LFA history. Kathy’s family supplies the O’Connor half of the scholarship fund name.

“We wanted to help talented and capable youngsters who otherwise wouldn’t have access to educational opportunities, such as those at the Academy,” says Mike. “We’ve been for-tunate in our life and want to give back, to make sure intel-ligent and talented kids don’t get lost in the system but have an opportunity to make a go at the world.”

• • •

The Schells weren’t always so close to LFA. For years after he graduated in 1965, Mike supported the Academy Fund and attended alumni events occasionally, but wasn’t connected to the day-to-day operation of the school. Things changed in 2001. After attending an LFA reception in New York City and learning about the direction the school was moving in, Mike’s interest in the Academy swelled. His subsequent serv-

Schells Make Historic Gift in Support of Financial Aid7-FIGURE ENDOWED FUND IS LARGESt IN SCHOOL’S HIStORY

BY RUTH KEYSO

the Schell-O’Connor Family Scholarship Fund is the first 7-figure endowed scholarship in LFA history. ice on the board solidified his involvement. Mike and Kathy view their gift to LFA as an investment.

“We’re supporters of education—our own schools and our children’s schools. We felt LFA was a good place to invest; it made a lot of sense,” Mike says.

5www.lfanet.org

the following list includes existing and newly created endowed funds at LFA (items in boldface were established during the Campaign for LFA).

FACULTY CHAIRS• Sidney E. Ainsworth Chair

in Mathematics• Dr. ray bird master Chair

in english • Harold J. Corbin Jr. Chair

in Environmental Science• a. John huss Jr. ’58 and ruth

s. huss Chair in humanities• edmund J. rendtorff Chair

in science

SCHOLARSHIPS AND OTHER ENDOWED FUNDS• alumni award for teaching

excellence• raymond Delaplaine burnet

Prize in economics• the Class of ’58 academic fund• Cedric J. Cromartie ’80

Memorial Scholarship Fund• sally Proudfoot gries ’63

scholarship for Women• David o. mackenzie ’50

scholarship fund• manoogian family faculty fund• mcnerney scholarship fund• Mints Professional

Development Fund• Mints Scholarship Fund• the morgan, scott and Cass

Counties scholarship fund• Dana W. Niswender Prize

in Writing• Linda sue novascone

memorial scholarship fund• the Perisho memorial

scholarship fund• Joshua Aaron Rothstein ’05

Memorial Lecture Fund• schell-o’Connor family

scholarship fund• marguerite hubert sherwin ’30

scholarship fund for girls• nicki newman tanner ’53

excellence fund

The Schells have watched the Academy transform in the past decade, both physically and philosophically. When Mike joined the board in 2001, the school had a strong faculty, a diverse profile, and exciting new leadership under the Strud-wicks, he recalls. But this was coupled with a modest endow-ment and a sorely lacking physical plant. When the school announced its comprehensive capital campaign in 2005, alumni, parents, and friends rallied in support of the school and its vision for an improved and enhanced campus and programming. The Campaign for LFA is on track to raise $60 million before its conclusion in June 2014.

The Schells are pleased to be a part of this success. They say the institution is a “shining example” of a place that cre-

“ In order for LFA to continue to thrive, it is critical that the endowment be strengthened through support of this campaign. Endowment funds allow for financial security going forward, but they also create the ability for the school to be innovative, to launch new initiatives, and to ensure that the student experience is constantly evolving in a fast-paced world. A strong endowment allows the school to attract the most talented faculty and students—and challenge them to be the best they can be. In this sense, it is the most important campaign initiative. Endowment funds are the ’fuel’ for all that makes LFA distinctive.”

— Life trustee Lauren and Sid Gorter P’06, P’09, Lake Forest, IL Annual fund and campaign supporters

ates opportunities for deserving young people and helps them grow up to become citizens of the world.

“I feel proud to be an alumnus of LFA,” says Mike.

Mike ’65 and Kathy Schell live in New York City and Chatham, Mass. n

Ways to Support the EndowmentEndowment dollars keep the Academy strong and vibrant, both now and into the future. the endowment is the backbone of the school’s financial structure, supporting every element of Academy life—financial aid, academic programming, faculty professional development. Donors can make a gift to the endowment in support of a fa-vorite faculty member, in honor of an alumnus/a, or in memory of someone special who has passed. Endowment dollars grow in perpetuity, ensuring that the Academy is provided for, long into the future. A gift to the endowment is a meaningful and powerful way to illustrate one’s support for—and commitment to—Lake Forest Academy.

www.lfanet.org/endowment • ruth keyso: (847) 615-3268 • rkeyso@lfanet.org

“ Planned giving is the easiest way to make a contribution to the school: You have your assets during your lifetime, and then the Academy is remembered when you no longer need them. To me, making a planned gift to LFA is the right thing to do as it helps ensure the long-term future of the school. The Academy has had great success over the past 15 years with increased annual fund and generous capital campaign contributions. The challenge now is building the endowment. An investment today—through a planned gift arrangement—is protecting LFA for future generations.”

— Life trustee Karl Gedge ’69, P’01, Charleston, SC Annual fund, planned giving, and campaign supporter

6 Update February 2013

(above) Shauna and Merrill Ferguson ’72, P’10

Gift Makes Good SenseBY RUTH KEYSO

One of the most thoughtful ways to demonstrate support for an organization is through a planned gift. Donors who name the Academy in their estate plans send a powerful message about their belief in the institution and their desire to see it thrive.

Longtime donors and planned giving supporters Shauna Barry-Ferguson and Merrill Ferguson ’72, P’10 say their de-cision to provide for the Academy in their estate plans makes good sense. After all, they’ve supported the school loyally throughout their lifetime. Why not continue that support after they’re gone?

“If you believe in something and it made a difference in your life, if it helped you, then turn around and help [that organi-zation],” Shauna says. To the Fergusons, there is no greater expression of thanks and gratitude.

• • •

Merrill Ferguson says he had “no idea what to expect” when he entered the Academy as a freshman in 1968. LFA was a strange atmosphere. He knew no one; he missed home. But before long, the Academy became a familiar and comforting place to Merrill. He made friends. He found his way around. He enjoyed the challenges of the classroom and the thrill of academic discovery.

“One of the things I learned from my LFA experience was an appreciation for an academic outlook,” says Merrill. “Knowledge for its own sake was a good thing; it didn’t have to be useful or practical in some obvious way. It was an end, a good thing, all by itself.”

Merrill stayed close to the Academy in the years after gradu-ation, eventually serving on the board of trustees and, to-day, as life trustee. In 2006, when their daughter Emily’10 entered LFA as a freshman, Merrill and Shauna’s bond with the school deepened. They watched Emily thrive in the small classroom environment, and participate to the fullest in the academic and artistic world that surrounded her.

“The school was an ideal fit for someone of her intellect and wit,” says Shauna. “She challenged herself at a young age and blossomed in so many ways.”

The Fergusons believe in the Academy and its mission to educate and inspire young people to be good scholars and citizens of the world around them. Their leadership support of the annual fund, their generous campaign gifts, and their decision to include the Academy in their estate arrangements support this sentiment. Modest and matter-of-fact about their personal giving, the Fergusons recognize the positive influence the Academy had in Merrill’s life—the friends he made, the bonds he formed, the teachers he encountered—and want to perpetuate this legacy for today’s students.

“It just makes sense to do our part to ensure this happens for generations to come,” says Merrill.

The Fergusons have not designated their planned gift; rather, they entrust the Academy to use their investment in the area

“ I entered LFA following my brother’s graduation in 1959. Little did I realize how much I’d be influenced by those years. I cannot say enough about the classroom lessons taught by LFA legends Jonathan Fremd, Edward Arpee, Sidney Ainsworth, and Ernest Barry. And what a great experience it was to be in McIntosh Cottage under the watchful eyes of Richard Carbray and Dennis Bauman. Equally memorable were the lessons learned on the athletic fields. Coaches Carbray and Coleman were wonderful teachers of soccer and hockey; they were also great mentors and motivators. I hope our annual fund and planned gifts to LFA will help today’s students benefit from the total LFA experience and have the same memorable opportunities I enjoyed 50 years ago.”

— Bill ’62 and Nancy Racine, Lakeside, MI Annual fund and planned giving supporters

7www.lfanet.org

Thank you to the following donors who have made arrangements to include LFA in their estate plans. Your commitment and generosity toward the Academy is so greatly appreciated.

Anonymous (10)Mr. Bruce W. Anderson ’70Mr. Stanley D. Anderson Jr. ’47Mr. William L. Barr Jr. ’66Ms. Shauna A. Barry-FergusonMrs. Carolyn Morency Bauer ’72Mr. Mark A. Bauer ’71Dr. James R. Bird Jr.Mr. Richard H. BlondMs. Anne E. Bloomberg ’59Mr. Michael A. Boe ’66Mr. Claude W. Brenner ’44Dr. Richard E. Buckingham Jr. ’60Ms. Muriel A. Burnet ’40Ms. Beth White Carona ’86Mrs. Jan CowartMr. Jim C. Cowart ’69Mr. Bryan C. CresseyMrs. Christy CresseyMs. Judy DatesmanMr. James W. Downs ’45Mr. Christian P. Dozois ’84

Mrs. Laura DozoisMr. Robert W. Drake ’87Mr. Merrill J. Ferguson ’72Mrs. Laurie FriedemanMr. William B. Friedeman ’65Ms. Ellen W. Gallagher ’73Mr. James L. Garard III ’74Mrs. Linda Parker Garard ’73Mr. Karl R. Gedge ’69Mr. Charles D. Gelatt ’35Mr. Paul O. Germann Jr.Mrs. Jeannine GiesenMr. Richard A. GiesenMr. Harry F. Giles ’62Mr. timothy L. Graham ’69Mrs. Sarah Proudfoot Gries ’63Mr. Peter v. Hall ’53Mr. thomas B. Herrlinger ’65Mr. Hiram t. Hiller ’75Mrs. Mary Ann B. HodgkinsMr. thomas D. Hodgkins ’53Ms. Cynthia A. Hoffman ’75

How to Make a Planned GiftIt’S EASY tO MAKE A PLANNED GIFt tO LFA.bequests: Gifts that cost you nothing during your lifetime

feDeraL estate taxes Can take more than 35% of an estate; consider a charitable bequest for long-term tax savings. Bequests can be for a specific amount or a percentage of your estate. Simply list the Academy in your will.

Life-inCome gifts: Gifts that provide you with an income stream during your lifetime

vehicles such as charitable remainder trusts allow you to transfer cash or stock to a trust and to receive an income stream during your lifetime, with the remainder of the trust principal transferred to Lake Forest Academy upon your death.

benefiCiary Designations: Consider naming the Academy a benefici-ary of a paid-up life insurance policy or retirement plan assets.

Please consult with your personal tax and financial advisors to determine the most appropriate way to make a planned gift to the Academy.

http://lfanet.giftplans.org/ • (847) 615-3268 • rkeyso@lfanet.org

of greatest need. Just looking around the new and expanded campus today gives them confidence that the school will put their gift to good use.

“When you give a dollar to LFA, you see results—a dorm be-ing built, a science center going up, new paint and windows on the buildings,” says Shauna. “You see exactly where your money is going and what the students are getting out of that experience; it’s nice to know that your dollars are being used [wisely].”

Another source of comfort to the Fergusons comes from knowing that their heirs understand their gifting decisions.

“The people you leave behind know your intentions; they don’t have to worry about what they should or shouldn’t do about your [resources],” says Merrill. “I’ve always thought what a gift that was to people, that there was such thought-fulness [in advance].” n

RICHARDS & tREMAIN SOCIEtYMs. Kristin L. Hughes ’85Mr. A. John Huss Jr. ’58Mr. Douglas C. James ’58Mr. Allan M. Kaplan ’72Mrs. Loretta Kalnow Kaplan ’73Mr. Jeff Keller ’87Mrs. Molly KellerMs. Ruth KeysoMr. Albert O. Louer ’63Mrs. tessa LouerMrs. Susan P. Lovejoy ’64Mr. David O. MacKenzie ’50Mrs. Gail F. ManzMr. James G. Manz ’50Mr. John Marlatt ’65Mr. James B. McCarthy ’69Mr. Michael S. McCarthy ’71Mr. K. Scott Meloun ’77Mr. John MurphyMrs. Margaret Iten Murphy ’56the estate of Mr. Reginald M. Norris Jr. ’55++

Mr. Edwin H. Novascone ’50Mr. Rodger A. Owen ’68Mr. George A. Poole Jr. ’49

Mrs. Nancy Racine Mr. William R. Racine ’62Mr. William C. Reuling ’57++

Mr. Charles S. Roberts Jr. ’65Ms. Mary A. Sanford ’51Mr. Amish S. Shah ’92Ms. Rita Shapiro ’64Mrs. Beth A. Petit Shaw ’75Mrs. Jill SilvestriMr. Lyle C. Sitterly Jr. ’65 Mrs. Nancy How Speer ’59Mr. Michael D. Springer ’71Mrs. Dianne StuartMr. James M. Stuart ’59Mr. George M. Sus ’35Hon. Nicholas D. taubert ’61Mrs. Laurie taylor-Curby ’70Mr. tod turle ’52Mr. Hamilton B. tuttrup ’75Mr. E. Scott vaile ’51Mr. Paul A. vercoe ’73Mr. Christopher P. vernon ’79Mr. William F. vernon Jr. ’50Dr. Nicholas C. Wetzel ’38Mr. John B. Winsor ’54

++ indicates deceased

“ My family and I are supportive of LFA because of our belief in the mission and core values of the school. We believe that training our young people to be global citizens of high character and to prepare them rigorously for the challenges that await in the outside world is mission critical. We also are strong believers in LFA’s philosophy to develop the whole person—student, athlete, individuals of high integrity. The lessons our children learn at LFA will serve them and our world well in the years to come.”

— Trustee Brian and Tamara Gamache G’07, Lake Forest, IL (Brian and Tamara are pictured with their son, Alex) Annual fund and campaign supporters

8 Update February 2013

Getting Her Beat OnENGLISH tEACHER GOES ON tHE ROAD tO ExPLORE MEANING AND CONtExt IN LItERAtURE

BY RUTH KEYSO

When English teacher Emily Asher ’05 learned that her pro-posal to teach a senior elective on the literature of the Beat gen-eration was accepted, she made plans to hit the road. Literally.

Through the support of a Mints Grant, Asher drove more than 1,300 miles—from Denver to San Francisco—to trace the path of author Jack Kerouac, whose seminal novel “On the Road” defined a generation, fueled a counterculture, and inspired a sense of adventure.

“I love the idea of travel for a purpose, not just leisure,” says Asher. “I’d read about literary tourism and traveling to desti-nations that hold a certain significance in books.”

Asher followed one leg of Kerouac’s original cross-country journey, stopping off in places of import to both Kerouac and the wider Beat community, including the Five Points historic jazz district of Denver, the Salt Flats in Salt Lake City, and the Beat Museum in San Francisco. By familiarizing herself with the places that informed Kerouac’s novel, Asher experienced the West through the author’s eyes and engaged with the text in a new and inspired way.

“I kept in mind the context of the book and the larger theme of the West in American literature,” says Asher. “To actually see things that were referenced in the book—for an English teacher that was cool.”

Asher brought her knowledge and experience back to the classroom where, in the fall semester, she introduced a group of seniors to the poetry, novels, and biographies of Kerouac and his contemporaries. She says the first-hand experience she gained through her travels enabled her to “speak authorita-tively” about the literature of the time, while the memorabilia

tHE MINtS PROFESSIONAL DEvELOPMENt FUND, MADE POSSIBLE IN

2004 BY A GENEROUS GIFt FROM tHE EStAtE OF tOM MINtS, LFA CLASS

OF 1945, PROvIDES SUPPORt FOR INDIvIDUAL ENRICHMENt PROJECtS

FOR FACULtY AND StAFF MEMBERS. tHE FUND IS INtENDED FOR INDI-

vIDUALLY DESIGNED ENRICHMENt OPPORtUNItIES RAtHER tHAN MORE

tRADItIONAL WORKSHOPS, CONFERENCES OR CLASSES. SINCE 2004,

23 FACULtY MEMBERS At tHE ACADEMY HAvE RECEIvED FINANCIAL

SUPPORt tHROUGH A MINtS GRANt.

Emily Asher ’05, on the road

END

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“ The endowment is distinctive in that it supports LFA both now and into the future. It provides annual revenue to LFA’s operating budget for very important aspects of the Academy’s program, such as faculty salaries, professional development, and learning opportunities for students outside the classroom, since tuition covers only about two-thirds of the cost of educating each student. At the same time, a growing endowment ensures that the Academy remains strong for generations to come. Supporting the endowment is one of the most significant ways to touch the life of every student and faculty member at LFA.”

— Trustee Ned and Lynn Jessen P’01, P’05, Lake Bluff, IL Annual fund and campaign supporters

9www.lfanet.org

she collected along the way inspired handouts for her students and influenced the direction of the course.

“My students designed their own ‘On the Road’ projects and blogged on them,” she explains. In addition, all members of the class participated in an international writing project to commemorate the life of Kerouac: “On the Road 4 Kerouac: Reinvent the scroll.”

Dean of Faculty and Curriculum Phil Schwartz says the Acad-emy’s commitment to professional development is critical in keeping today’s teachers informed, energized, and engaged in their content area. Mints Grants are one way to encourage experiential learning projects, such as Asher’s, and to demon-strate to the community the importance of lifelong learning.

“Mints Grants allow faculty the freedom to explore some-thing of great interest to them and to immerse themselves in something they enjoy,” Schwartz says. “This impacts the classroom in that teachers develop a deeper and greater depth of knowledge on a particular topic.”

Since 2004 when the Mints Professional Development Fund was established, faculty have traveled the world—Turkey, Ja-pan, Borneo, Ireland, Germany—to explore the art of story-telling, to research climate change in the rain forest, and to study the influence of ancient art on modern design, among other enrichment projects.

Reflecting on her journey and the insights made along the way, Asher says the most rewarding outcome is the ability to speak about Beat authors as if she knew them.

“I felt like I was on the trip with Kerouac,” says Asher, who re-read the novel throughout her trip. “[The experi-ence] brought the places and characters of ‘On the Road’ and the Beat generation to life for me and, by extension, for my students.”

Emily Asher is a 2005 graduate of Lake Forest Academy and a 2009 graduate of Middlebury College, where she majored in English and minored in classics. She is currently in her 4th year of teaching at LFA. n

“ ” “ the Beat class is such a contrast to my AP lit course, which focuses on older work, more classical texts. the Beat

writings were considered revolutionary in that they redefined what writers were allowed to say at the time. I’m

very glad I took this class; it has helped me with my writing—I now look at things with a deeper understanding of

all of the angles. And I’m more comfortable writing poetry now and believing in my own personal style, which is

exactly what the Beat writers were trying to do. Of course we had to do conventional papers in this class, but

I think I learned most through the creative projects—the scroll project and the blog. that’s something the Beats

would have appreciated!” —Caroline Hale ’13

“ ” “ tom loved the people at the Academy, and he loved the school. He would think [the Mints grants projects] are just great. I get such nice

notes from the teachers after they finish their summer projects. I am glad to know they are doing something they wouldn’t be able to

do without this help. When tom and I were first married, we didn’t have much money. then later he did well, and we were able to share

what we had. tom was always quiet about what he did for other people. He wouldn’t buy anything for himself, but he’d write a check

for $10,000 to someone else. He was a great guy.” —Marilyn Mints, wife of Tom Mints ’45, whose generous bequest to Lake Forest

Academy funded the Mints Professional Development Fund

“ I’m strongly in support of private education. Schools like LFA help children mature and learn and become prepared for college and life’s responsibilities. The education I received at Ferry Hall was even greater than my college education; when I think of my teachers—Miss Houk, Miss Wallace, Mrs. Murphy—I realize how much these women influenced me and taught me how to think, how to discern right from wrong, and how to be independent. I spent four years at Ferry Hall and have lifelong friends from those days. I support today’s Academy because I want to see private schools available for students. I think that kind of educational background is a step up into college.”

— Margi Iten Murphy ’56, P’79, Oconomowoc, WI (Margi is pictured with her husband, John) Annual fund, planned giving, and campaign supporter

10 Update February 2013

value of endowment at start of Campaign for LFA (in 2005)

value of LFA endowment as of February 2013

$15 MILLION

$23 MillionENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt4%

Budgeted draw on endowment (2012–13)

“ Forty-five years ago I saw the LFA campus for the first time. It had just snowed, and I remember thinking, ‘There is no more magical place than this.’ I’ll never forget that moment. I knew that LFA was a special place and I couldn’t wait to be a part of it. To this day, the best friends I have are the people I knew at the Academy. Whether you graduated 50 years ago or 5 years ago, as an alumnus you understand what the school is about, and you want to see that perpetuated. I hope LFA still exists 100 years from now. That’s where endowment and planned giving can be so important to the school.”

— Former trustee Michael Springer ’71, Chicago, IL Annual fund and planned giving supporter

11www.lfanet.org

the endowment supports faculty chairs, financial aid, academic programming, faculty professional development, and technology.

Goal for LFA endowment by the end of the Campaign for LFA (June 2014)

$30 MillionENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt ENDOWMENt

Ideal endowment for LFA

$60 Million

the CampaiGn for Lake forest aCademy

Click: www.lfanet.org/campaign8Lake forest academy • 1500 W. kennedy road • Lake forest, iL 60045