2010 Financial Crisis
In June 2010, amid small incoming classes, the Board of Trustees of the Schools of the Sacred Heart considered closing down Stuart Hall High School. A recent seismic retrofit of a separate campus and dwindling interest in single-sex education placed the school in crisis. The incoming freshman class of 31 students complicated the situation, leading to the consideration of the board to close the school down.
On June 4, an email was sent to some senior parents detailing that the board was considering closing down the school. This was followed by several other email to members of the school community, spreading information about the possible closure.
Upon the conclusion of the online pledges, the Steering Committee met its goal of $3 million. The Steering Committee presented their plan to the members of the Board of Trustees, which voted unanimously in favor of it. The plan will use pledged money to ensure the ongoing survival of the school, as well as launch some operational cost cuts and intensify marketing and recruitment efforts. Under the newly adopted plan, Stuart Hall High School will remain open permanently while it builds itself financially.
Read more about this topic: Stuart Hall High School
Famous quotes containing the words financial and/or crisis:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“It gives me the greatest pleasure to say, as I do from the bottom of my heart, that never in the history of the country, in any crisis and under any conditions, have our Jewish fellow citizens failed to live up to the highest standards of citizenship and patriotism.”
—William Howard Taft (1857–1930)