Phillips Academy Andover Announces Monumental Campaign Gift

Rhea-AI Summary

Phillips Academy in Andover announces a significant gift increase from Board President Amy Falls and her husband, totaling over $20 million. This donation positions Falls as the most notable female donor in the school’s fundraising history. The funds will support various areas, including student scholarships, wellness programs, and faculty support. The Knowledge & Goodness campaign, launched in 2017, aims to raise $400 million for the school’s future initiatives, enhancing the educational experience and campus facilities.

Positive

• Amy Falls' contribution increases her total donations to $20 million, strengthening her legacy at the school.
• The donation will provide essential support for scholarships, wellness programs, and faculty enhancements.
• The ongoing Knowledge & Goodness campaign has already raised substantial funds to improve educational facilities.

Negative

• None.

Board President Amy Falls Increases Support to $20 Million

$20M donated to Andover’s Knowledge & Goodness Campaign

ANDOVER, Mass.--(BUSINESS WIRE)-- Phillips Academy, Andover, announced a milestone gift increase, making Amy Falls ’82, P’19, ’21 the most prominent female donor in the school's fundraising history. President of the Phillips Academy Board of Trustees and its campaign co-chair, Falls and her husband, Hartley Rogers, have donated more than $20 million to the Knowledge & Goodness fundraising campaign.

Every aspect of the school is touched by this gift—student scholarships, wellness programming, faculty support, the Tang Institute, the Addison Gallery of American Art, equity and inclusion, and capital projects, including the renovation of the library and a new music building.

“This moment reflects the passion that Amy and Hartley have for educational endeavors and their desire to increase opportunities for students and faculty today and in the future,” said Head of School Raynard Kington, MD, PhD, P’24. “It is also a statement of profound confidence in our faculty and staff and the work they do to support our mission.”

With over 30 years of investment and management experience, Falls is Vice President and Chief Investment Officer at Northwestern University. She oversees Northwestern’s $15 billion investment portfolio, which supports a wide range of university operations. A former Managing Director at Morgan Stanley and CIO at Rockefeller University, Falls was also the inaugural CIO at Andover, establishing the school's New York-based investment team and managing the school’s endowment through both prosperous and challenging times.

Hartley Rogers is the Chairman of Hamilton Lane (NASDAQ: HLNE) and is a Trustee and the Treasurer of the Institute of International Education, which manages the Fulbright and Gilman Scholar programs on behalf of the U.S. Department of State, among other activities. He serves as Chairman of the advisory board of the Vice Provost for Advances in Learning, the online learning initiative of Harvard University.

“Hartley and I have made it our mission to proactively support education and have committed over $50 million across multiple institutions,” said Falls. “This contribution to Andover is near and dear to my heart because Andover changed my life and continues to change the lives of so many amazing young people. We are not a perfect institution—no place is. But what our students and faculty accomplish every day is astounding.”

The Knowledge & Goodness campaign launched in 2017 and set out to raise $400 million for priorities vital to the school’s distinctive mission and vision for the future. Together, campaign donors have the power to elevate the student experience, enhance the school’s beautiful campus, and connect with a global community in new and exciting ways.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005447/en/

Tracy M. Sweet

tsweet@andover.edu

Ellery Smith

ellery@fullyvested.com

Source: Phillips Academy, Andover

FAQ

What is the significance of Amy Falls' donation to Phillips Academy?

Amy Falls' $20 million donation makes her the most significant female donor in the school's history, enhancing educational opportunities.

What will the funds from the <i>Knowledge &amp; Goodness</i> campaign support?

The funds will support scholarships, wellness programming, faculty support, and capital projects like library renovations.

When was the <i>Knowledge &amp; Goodness</i> campaign launched?

The Knowledge & Goodness campaign was launched in 2017 with a goal to raise $400 million.

How does Hartley Rogers contribute to education?

Hartley Rogers is the Chairman of Hamilton Lane and has committed over $50 million to various educational institutions.