My comments are sure to generate some nasty comments but here goes. I don’t know how many of you remember Ellis College, a school like GC but for girls. Charles Ellis made a fortune by owning trolley cars in Philly before Septa, PRT etc. He was so impressed with GC and SG he decided to do the same except for girls. In the 1960s Ellis school was having the same problems as GC is having today. It cost too much money to run its magnificent campus in Newtown Square and additionally their recruitment base was drying up—-too few orphans.
In the 1970s the private trustee, Provident Bank went to court to get permission to close it, sell the campus and put the money into a Charles EllisTrust fund which needy girls could apply to for scholarship money to attend private high schools or Prep schools, like the type that exist today on the Philadelphia main line. After years of legal manuvering, the Courts finally agreed to close it. The campus was sold to ARCO for $16 million and the Trust Fund was established. I am not certain but I have been advised that the fund today is worth $40-50 million and helping girls every year attend some of the finest prep schools in the Philly area.
If you want to read more about Ellis School, read my book which is located on the Historic Newtown Square web site. Many GC graduates had sisters that attended Ellis school and others married Ellis girls met while attending blind date dances held in each school.
In my opinion this is what should happen to GC. It is ridiculous to spend $40,000 per year on each student and have them receive a questionable education. It makes no sense to spend a fortune to attempt to upgrade an old worn out campus. With the residue of the Estate and the money that would be gotten for the grounds, a Stephen Girard Trust Fund could be established like Ellis’. It could service many more kids, perpetuate SG’s name, have the kids educated in the finest educational facilities, and eliminate the political mess we have today.
I suggested this several years ago but no one wanted to persue it. Think about the benefits. Today only Founder’s Hall is worth saving. There is no significant historical value to the four other out buildings. Some Charter school would pay big money to obtain some of the 1930′s buildings. Maybe the West End could be turned into a retirement home and money maker. Girard’s money would be doing exactly what he wanted it to do, provide a good education for the needy kids of Philadelphia, and the Stephen Girard Trust could last for many years beyond its current life.
June 16, 2013
Alumni Voices, Family Concerns, The Students A Hummer's View, Board of City Trusts, BOCT, Clay Armbrister, Girard College, Girard College Alumni Association, Girard Estate, Ronald Donatucci, 2 Comments
June 15, 2013
Alumni Voices, Board of City Trust, Family Concerns, Public View of Stephen Girard, The Students A Hummer's View, Bernard Smalley, Board of City Trusts, BOCT, Clay Armbrister, Girard College, Girard College Alumni Association, Girard Estate, Girardcollege.edu, Joe Martz, Ronald Donatucci, 4 Comments
A response to the philly.com’s article on a Girard College-Hershey Campus. Click here to read article.
Fellow Hummers, June 14, 2013
The Phila Inquirer article suggests a joint Hershey-Girard campus as a solution to the Hum’s financial problems. This suggestion is thoughtful, practical and, unless there is a parting of the heavens, nearly impossible. I’m not trying to grind an ax here, but impossible it would be because of a political system that runs Girard College. Those Philadelphia officials in power control the Girard Trust and the school’s operations through a politically appointed Board of City Trusts (BOCT),which in turn appoints a compliant Board of Managers (BOM), who solemnly approve whatever the BOCT wants as a sort of Good Housekeeping seal of approval, much like a wagging tail on a dog. The BOCT selects and hires administrative people to run the Trust’s day-to-day operations. Those operations include the selection of managers to oversee rental properties, a choice of which firms trade securities, a preference of which insurers underwrite insurance, and the list goes on. Each of these provided services includes a profit for those selected and has a quid-pro-quo benefit for the selector, which possibly goes up to the Mayor himself.
As a start, what Girard College really needs is to remove and replace those decision-makers who, over the past five years, have shown egregiously poor judgment in depleting the Trust to its present condition. Failed management in business demands change, and so it should be for this group of managers whose judgment borders on incompetence. As with most management changes, new people bring fresh energy and new ideas towards solving problems. The June 3 “woe is me, but it’s not my fault” press conference showed no recognition by the BOCT that current management was at the root of the Girard College financial mess. A wiser mind than mine has emphatically stated that recognizing a problem is the first step in a solution. It appears GC is not yet at that first step.
Now, let’s look the Hershey School. As the Inquirer article states: Hershey was founded in 1908 through a Foundation Trust established by Milton Hershey, a successful candy maker. The Hershey Co. candy operation (market symbol HSY) is a publicly traded company with the Hershey Foundation owning a majority interest. Some information about the Hershey Co: yesterday’s closing price was $87.89, market cap of $14 billion, dividends of $273 million and o/s shares of 163 million.
If the Hershey Foundation owns as little as 51% of Hershey Co’s shares, based on public information, annual income from its majority interest would be about $139 million, of which most goes to support and govern the school. Currently, the school has about 2,000 students who board full time on the Hershey campus in Hershey, PA. It is interesting to note the Hershey Foundation established a “College-Prep” program several years ago, which proved to be a failure, and has since returned to its original program requiring every student to become proficient in a vocational trade – in addition to a rigorous high school program.
Coming back to why a Hershey-Girard campus is little more than wishful thinking, it must be recognized the Hershey program represents a very large amount of money. Does anyone think the Hershey Foundation would give up control of even a portion of its wealth to a Philadelphia government festered with political patronage? Likewise, does anyone imagine the Philadelphia group , through its BOCT, would surrender control of its quid-pro-quo rewards system? A rock meeting a hard place has never produced a larger rock.
Regards, Jack Donahue, ‘54
June 13, 2013
Alumni Voices, Board of City Trust, Family Concerns, Public View of Stephen Girard, The Students A Hummer's View, Board of City Trusts, BOCT, Clay Armbrister, Fran Manley, Girard College, Girard College Alumni Association, Girard Estate, Girardcollege.edu, Joe Martz, Ronald Donatucci, Leave a comment
One doesn’t have to be a meteorologist to comprehend that it is raining and that it might be a good idea to seek shelter indoors. Nor is it necessary to be a civil engineer to understand that when a building collapses at 22 & Market Streets in Philadelphia, killing six innocent people, that incompetent contractors were responsible. So, it appears to us, lay person that we are, that the Board of City Trusts (BOCT) is clueless in determining how to nurture children.
What brought about this epiphany, although we always suspected the same, was Karen Heller’s column in the June 12 Philadelphia Inquirer. She noted ”During the last two academic years, the trust spent $617,000 on academic, financial, and architectural consultants.” The culmination of these ruminations was to advise the BOCT to truncate services at Girard College by reducing the grades served to 1 through 8 and the elimination of the residential program.
Hello? Did anyone of these consultants ever raise the question” How will these changes impact on the children?” We doubt it. Because if they did, they would realize that the proposed changes will not only limit the educational opportunities offered the children, but be of grave concern to their welfare.
Anyone who has ever worked at Girard will tell you that Mondays are of limited value to anyone attending Girard. Most of the day is spent undoing the “ghetto” influence that the children experience over the weekend. And let’s be clear, this is a cultural problem not a racial problem. Functional orphans of any background experience the same negative impacts of being part of a dysfunctional family.
So, in their wisdom, the BOCT is suggesting it would be a good idea to send the children home every night. Are they kidding? Don’t they understand that many children will go unfed at home? Or others will be the subject of abuse, in all the forms one can imagine? Or others will find that there’s no one home at all? Think we’re exaggerating? Then ask the few counselors that remain at Girard or the office of Foster Care.
We imagine the folks at Foster Care are more than a little tired of Girard by this point. The discontinuation of the Weekend Program has resulted in a steady flow of children to their offices. Members of Girard’s administration, the Board of Managers, and the BOCT are well aware of this.
What chance do children have when they are neglected? None, in our view. Appears much of the $617,000 spent was wasted.
Thank you Ms. Hellers. Your column and those previously written by Ms. Woodall and Joe DiStefano are invaluable in bringing Girard’s plight to the public’s attention. We can only hope that they are read by the judges of Orphan’s Court as well. The problem must be returned to the BOCT for reconsideration.
We’re also hopeful that one of the journalists will blossom into a Woodward or Bernstein and present a thorough review of the Girard College history and reveal how our City Fathers failed in their fiduciary roles. That should gamer a Pulitzer at least! You have the talent and resources to do that; Girard can’t, the BOCT won’t and the rest of us lack the necessary leverage.
As usual, this is a hummers view.
June 11, 2013
Alumni Voices, Board of City Trust, The Students A Hummer's View, Bernard Smalley, Board of City Trusts, Clarence Armbrister, Clay Armbrister, Girard College, Girard College Alumni Association, Girard Estate, Girardcollege.edu, Joe Martz, Ronald Donatucci, 3 Comments
A Hummer’s View of the June 3rd Press Conference
Click here Girard to read
June 3, 2013
There was no finer “Hummer” than Charlie Weiss. He practiced in his life everything Stephen Girard hoped his children would develop; morality, citizenship, work ethics, humility, business acumen, decency and the love of his fellow man. He also had one helluva sense of humor!!
Our deepest sympathies are offered to his family and friends, especially his brother Marvin, also a GC graduate.
The following appeared in the Pittsburgh newspapers.
Weiss, CHARLES. A Pittsburgh attorney who worked his entire career at Thorp, Reed & Armstrong, died on May 23, 2013, in Pittsburgh PA. He was 82. He died peacefully. Weiss was born in Philadelphia on Sept. 28, 1930. After his father died in 1935, Charles entered Girard College, a K-12 school for fatherless boys in Philadelphia, Weiss graduated as Valedictorian of Girard College in 1947. From Girard, Weiss went on to Harvard College, where he distinguished himself as an all-American soccer player for four years. He graduated from Harvard College in 1951, and from Harvard Law School in 1954. Weiss then enlisted in the U.S. Army and was stationed in Orleans, France. In 1955, while in the Army, Weiss married Mary Augusta Plumer (Wellesley ’54). The couple settled in Pittsburgh in 1956, and Weiss joined the law firm of Thorp, Reed & Armstrong, becoming a partner and working there until his retirement in 1996. He was elected to The American College of Trial Lawyers. His wife, Mary Augusta Plumer Weiss died in 1971. In 1973, Weiss married Robin McKinney, In retirement, Weiss offered his legal skills to his alma mater, working closely with Joseph T. Devlin, the former President of Girard College. In 2002, Charles Weiss received The Stephen Girard Award, and in 2007 he received The Athletic Award at Girard College. Weiss also volunteered at St. James Episcopal Church, where he served as a vestry member, lay reader, and founded the Brotherhood of St. Andrew.
Charles Weiss is survived by his second wife, Robin McKinney Weiss; his brother, Marvin (Betty) Weiss of Philadelphia; his sons, James Langdon Weiss, Christopher Ingham Weiss, Charles Summer Weiss, Robert Wallace Weiss and Jeffrey Michael Weiss; and his daughter, Mary Weiss Aiken. He is also survived by his stepsons, Craig Curtis Scott and Douglas McKinney Scott; his stepdaughter, Heather Sharon Scott and his 18 grandchildren and one great-grandchild.
The Funeral will be held on Saturday, June 1, at 11 A.M., at St. James Episcopal Church, 11524 Frankstown Road, Pittsburgh PA 15235. The family will receive visitors starting at 10 A.M. in the Parish Hall. In lieu of flowers, memorials may be made to Girard College in memory of Charles Weiss.
April 22, 2013
Joe Zanghi ’54 is a GC grad who started this project many years ago and just saw the last trees planted.
Click here to read more.
March 2, 2013
Girard College Cadets – 1955
Girard College Founder’s Day – 1955
February 8, 2013
Alumni Voices A Hummer's View, Board of City Trusts, Chicetawn, Clay Armbrister, Fran Manley, Girard College, Girard College Alumni Association, Girard College Federation of Teachers, Joe Martz, Ronald Donatucci, 6 Comments
We receive phone calls and emails from Girard alumni frequently. The recent post we put up titled “Stakeholder’s Summary” contains many of the questions we’re asked, and unfortunately, unable to answer.
The Board of City Trusts operates in its own vacuum. They release statements telling everyone how transparent they plan to be, yet continue to stonewall those who ask what they consider to be private matters. Public agencies ,we feel, have very little that should be kept from public review.
In this era of instant communications,there is no reason the ongoing business affairs of the BOCT can’t be made public. Their monthly meetings and annual reports should all be published on a website available to the public.
The public, especially the Girard College and Wills Eye Hospital stakeholders, have every right to know the trusts for the college and hospital are receiving the fiduciary oversight they are legally deserve.
When a corpus such as the Girard Estates is reduced nearly 50%, stakeholder’s have a right to know that the managers responsible have been replaced. What investment counselors have been changed by the Estate? Have any been changed? Why hasn’t the Estate manager’s heels been held to the fire?
The financial problems facing Girard College have been well publicized. The only people who have paid a price for the financial mismanagement, however, have been the employees of the school and, most importantly, the students and prospective students. The student population is about 400 now, compared to 750 just a few years ago. That fact alone should shame the BOCT to take action. Protecting and educating children, not a political hack’s job is the primary function of the Board!!
So, my friend, ask your questions. Just don’t expect much of a response.
February 8, 2013
Alumni Voices, Board of City Trust, Family Concerns A Hummer's View, Board of City Trusts, BOCT, Clay Armbrister, Girard College, Girard College Alumni Association, Girard Estate, Joe Martz, Ronald Donatucci, Leave a comment
A Hummer’s View – I thought of you when I read this. I, being very much an outsider, I live outside of Boston and have not been very active in the alumni, have a couple of questions. If you know who best to address them to, I will.
How much did the trust invest in derivatives, such as interest swaps? How much are they worth now or how much were they worth when they were sold? Essentially how much did the trust lose?
Who was responsible for those investments? And is that person still managing investments for the trust.
I would like to see a an expanded list of the portfolio “investments” in 2008. 2009. 2010, 2011, and 2012.
How many people are employed by the trust? Part time? Full time? salaries? Job descriptions?
Wishing you a happy and healthy New Year
Hail Stephen Girard
February 8, 2013
Girard College Alumni Delaware County Chapter
February News Letter
Attended by; Erv Antoni, Len Casterline, George Ciervo, Bill Cubit, Tom DiFilippo, Bob& Marie Furphy, Stan Glowaski, Tom McGovern, Jim McKendrick, AndyMelinchuck, Gene Ruggere, Tom Yocom, Lew Rinko, Dillard Jordan, Wes Dunning and Leonard “Smokey” Daddona.
The Delaware County Chapter of the Girard College meeting Feb. 1, 2013 was a great success. 16 people were in attendance. The newcomers were Wes Dunning, Lew Rinko and Len Casterline.
We started with Turkey noodle soup and the entrée was Pot Roast, salad, and ending with Pie. The usual beverages were served.
Every meeting Bob Furphy complains that he wants to know when he is going to get Lobster. To his surprise he and Bill Cubit were both presented with a Lobster.
The Icing on the cake was a tape taken at the Florida Chapters Millennium Cruise in 1998. With all the members getting onstage and under the direction of Bob “Gleason” Furphy we sang our Alma Mater Song, Hail Girard. We were a fantastic success.
Lew Rinko wrote a book that is a must for all. Everything he wrote about happened to every one of us. If you want a copy call Tom Yocom it is a worthy cause.
Len Casterline made a wrong turn and ended up in Smokeys driveway. To his surprise it was the day of our meeting.
Gene Ruggere showed us photos of the damage done to his home at the shore due to Hurricane Sandy. We hope he will be well compensated.
Breeze Breathwaite could not make the meeting because someone wants to buy his house….and demolish it. We can all depend on his decision.
Tom DiFillippo did not have much to say, maybe he has morning sickness and we should buy him some Lidia Pinkham pills.
McKendrick and Melencheck were at least 10’ away from me and my hearing range is only6’. Sorry I missed your conversations.
Dillard Jordan was busy making everyone comfortable. Thanks for your help.
I(Smokey) had the honor of drinking a Manhattan with Stan Glowacki.
We still can’t get over the accomplishments of Erv Antoni. I am happy to be his friend.
Last but not least my classmates that are dear to my heart, Ciervo, McGovern and Breathweighte. I love and respect the man with a passion.
In conclusion it is a privilege to be a part of this rare organization. And I will do my best to continue.
And with the help of Tom Yocom who is also one who makes this all possible and my Son Leonard who does all the work, and I get all the credit.
I’m a lucky Man