Gann Academy, the Jewish high school based in Waltham and serving the Greater Boston community, announced this week that a small group of anonymous donors donated $12.25 million to the school. The school’s most significant contribution in its 13-year history, it was restricted to eliminating the long-term debt.
“We have reached a tremendous and transformative moment for our school, said
Elizabeth Jick, president of the Gann board of directors. "The magnitude of this gift and the extraordinary generosity of these donors speak volumes about their commitment to our mission and their belief in the powerful impact of a Gann education.”
In 2002, Gann borrowed $15 million through the issuance of tax-exempt bonds to finance the purchase of its 20-acre campus and construction of its 105,000-square-foot facility on Forest Street. This gift has enabled the School to pay off the balance of its debt, and therefore, devote increased resources to enhancing the educational opportunities for its 316 students in grades 9-12.
“We are committed to sustaining and enhancing the quality of a Gann education, our Jewish educational vision, and the commitment to excellence that has been the hallmark of our School since its inception," Head of School Rabbi Marc Baker said. "This amazing gift is a major step in ensuring the long-term financial sustainability of our School, starting with outright ownership of our building and our campus, where we carry out the sacred work of education.”
Gann Academy – The New Jewish High School of Greater Boston opened its doors in 1997 and is a pluralistic day school committed to providing a challenging, nurturing, and inspiring education that integrates intensive Jewish studies with the sciences and humanities. For more information about Gann Academy, visit www.gannacademy.org.
WALTHAM —
