Vol. 42, I ssue X
The Student Newspaper of St. Joseph's Prep
M arch 10th, 2017
Prep Students SpeakUp! L etter to the Faculty Stir s Conver sation and Talk of Change By Aidan O?Connor ?17 A few weeks back, on Monday, January 23rd, a letter signed by nine Prep seniors was placed in faculty mailboxes. The letter addressed the Prep?s academic system, specifically three components. The letter expressed concern that the Prep is too ?test-centric?, that homework is mostly busywork, and that some teachers are not engaging enough.
Prepper s and other teens unite to discuss issues at M er ion M ercy. Stor y on Page 2.
Catching Up With the Prep Finance Office Money rolls in, money rolls out; but where does it come from and go? By Joseph Scott ?19 All of the money at the Prep whether it be for basketballs, textbooks, or anything in between - at some point involves the Finance Office. Arguably, department is full of people who have some of the most interesting jobs in the building. They control and keep track of all of the money that runs through the Prep; however, not many people understand what the Finance Office does. One of the leaders of the Finance Office is Mrs. Carolyn Ehrlich - the school?s comptroller - who was able to open up to the Hawkeye regarding the ways in which the Prep spends its money. There are three main sources for funding the school. One is tuition: with roughly 900 students at $22,300 tuition, that would bring in about $20 million - but this is assuming that all students paid full tuition, which is not true. With Financial Aid, scholarships and other discounts, that number comes out to be much less than a full $20 million.
Money from tuition is then supplemented by the Annual Fund. This is a fund that is collected yearly, made up of donations from Prep alumni and other benefactors. Typically, the fund raises upwards of a million dollars. Mr. Will Dennis, ?01, Prep Fund manager said, ?The way I think of the Prep Fund is it is what ensures that a Prep education is different from anything else. It bridges the gap between just fee for service, like classes and things like that, and a full Prep experience. You?re going to get anything you get anywhere else, but you?ll also get the brotherhood of St. Joe Prep, the Kairos retreats, these flagship programs like Football, like Cape and Sword, like Crew, and they?ll all be at their highest level. As a result of the Prep Fund, the mission of this school is going to be alive in each student so that when they leave they understand what it is to be fully alive as a man for others.? Another source of money
that goes into the Prep?s budget is from the endowment, which at this point is over $15 million. An endowment is a fixed amount of money from donations that is invested by an investment firm. The Prep then uses the money that is made from the original $15 million, but never touches the $15 million itself. ?An endowment is usually formed out of what people in nonprofit world call ?restricted funds? meaning money that generally cannot be spent, and instead exists in order to ensure the stability and longevity of a charitable or educational institution,? said Mr. Leo Vaccaro, ?05, economics teacher at the Prep. ?Institutions that are older and more prestigious tend to have larger endowments because of the effects of time and interest on these funds. For example, Swarthmore College - being an old institution of higher learning - has an endowment of approximately $1.8 billion. Harvard might have $35 billion in its endowment.? Continued on Page 3.
One of the opening lines states: ?The purpose of education should be to provide students with useful information about the world around them, while inspiring them to want to learn more. We
believe that the Prep does not sufficiently meet these requirements?. It goes on to list several suggestions for addressing these issues. Among them is minimizing the importance of tests in favor of projects, assigning homework that is not so repetitive, and instituting teacher review forms. Since the letter was not pre-approved by the administration, it was at first removed from all mailboxes. However, after reviewing it, Mr. Jason Zazyczny ?90 returned the letters to the mailboxes and sent an email to all faculty letting them know that a letter from a group of students had been placed in Continued on Page 3.
New Pr incipal Announced John Petruzzelli has accepted the position of Principal with a start date of July 1, 2017 Special to the Hawkeye After a nation-wide search and months of reading resumes, committee work, and eventually interviews, President Fr. John Swope, S.J. announced Wednesday, March 8th, that John Petruzzelli, currently the principal of Bethlehem Catholic High School, has accepted the position at the Prep. "I am grateful to the many members of the Prep community who offered their time and counsel in this process," said Swope. "During his full day on-campus visit, John met with 83 members of our community." Petruzzelli will return to the Prep, having worked here from 1998 to 2004. He once Petruzzelli at Bethlehem Catholic led our student service graduation, 2014, courtesy of program, and was often Facebook. called "Petro" by students.