Villa Voice Summer 2019 VillaVoice Summer 2019 | Page 16

ST. URSULA VILLA ANNUAL REPORT From the Board of Trustees Chair Dear Villa Family and Friends, As our new graduates from the Class of 2019 look forward to a successful high school career (and beyond), I reflect on another stellar year of education, faith, and community at St. Ursula Villa. It’s commonly known that independent school tuition has increased significantly compared to generations past. As a long-standing member of our Board of Trustees Finance Committee, I know first-hand the challenges and opportunities in setting tuition each year – carefully balancing the cost for value received with our goal of making tuition affordable and accessible to more local families. While touring the Saint Ursula Academy Archives during a recent Board of Trustees off-site meeting, we discovered a 1916 billing statement revealing that, indeed, St. Ursula Villa’s tuition is a tremendous value when compared to a century ago (adjusting for inflation) when the Ursulines of Cincinnati ran the elementary school program: 1916 tuition & fees 1916 tuition & fees – inflation adjusted to today 2019 tuition & fees Kindergarten $580 $13,626 $12,534 Grades 1 - 4 $615 $14,449 $12,820 Grades 5 - 8 $640 $15,036 $13,034 Our reasonable tuition, coupled with our growing Villa Family Emergency Tuition Assistance Fund, helps ensure that a Villa education is attainable and affordable. Looking ahead, our school community is in excellent hands as Jody Nienaber Sedler transitions as our in- coming Board Chair. Jody’s deep understanding and passion for the Villa as an educator and as a current parent is unmatched. We also welcome new Board members: Craig Maliborski, who shares extensive knowledge and appreciation of Ursuline education as past principal of Saint Ursula Academy; past parent Tracy Sagester, who brings a wealth of Human Resources knowledge and skills to our strategic planning; and current parents Bill Mulvihill, who has helped lead our successful Annual Fund, and Paul Frodge, whose expertise in marketing, advertising, and analytics will ensure effective outreach to Cincinnati families seeking the very best educational experience for their children. We also bid a fond farewell to Kathy Blum, who has led our efforts on the Human Resources committee to enhance faculty compensation and benefits; Kim Ciesick, whose service took our Marketing Committee to a new level; Chip Gerhardt, whose guidance in Finance and Governance has been invaluable; Judy O’Donnell, who has chaired our Ursuline Identity Committee; and Dan Scullin, whose many years on Buildings & Grounds has helped steward our beautiful school campus facilities. We are deeply grateful to each of them for the countless hours and incredible dedication they devoted to St. Ursula Villa. On behalf of the Board of Trustees and the Administration, faculty, and students, I thank each of you who have contributed to our school’s success. We proudly list names of contributors during our 2019 fiscal year in our Annual Report Honor Roll of Donors. These financial contributors help make the Villa an outstanding educational community and one of which I am proud to be a member. Sincerely, Matt Iacobucci, Board Chair 15