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THE Money ISSUE Spring 2012 ant, bu ort t w p h im a s t t' ha t ey on e m “It is not th HE T Mon ey ISSUE e can t it . W ake ca ith re w of o ou d r n se a lv c es e a w n d t h o s e w e out . W ab e can use it e r a t c i se u n ca d we An s. ce n ie er xp ve mea l e o ha ningfu t ” . d l r o w e t h – o t PR i d OF CE m n ESS AN pr a OR SUSAN V ove society Annual Fund enerations of women call Saint Mary’s “home.” In This moment Gthe sacred spaces of campus, students realize the tradition, sisterhood, and community that surround them. Gifts to Saint Mary’s Annual Fund help preserve the made possible beauty of campus and provide the funding necessary to enhance and maintain residence halls, classrooms, and administrative buildings. by alumnae and You can support the mission and work of the College by making a gift to the Annual Fund at saintmarys.edu/give friends of Saint or (800) 762-8871. Mary’s College Annual Fund 138 Madeleva Hall Notre Dame, IN 46556 Phone: (800) 762-8871 Email: [email protected] Online: saintmarys.edu/give $QQXDO)XQG volume 87, number 1 spring 2012 features 3 Putting money in its place It’s time to take a good, hard look at your relationship—your relationship TABLE OFCONTENTS with money, that is. 7 My excellent investment Alumnae chime in about some of their best fi nancial decisions. 8 Alumnae perspectives Take a few pointers from our pros on how to best tend your nest egg Visit saintmarys.edu/courier and how to survive a fi nancial crisis. Courier to view the online. 10 A class that yields spectacular dividends How would you fare in the popular elective Financial Success Strategies for Women? Take the quiz to fi nd out. 12 Feminizing the face of global statistics Joann Vanek ’63 packages data from around the world to show how things really are for women. 14 It’s not about the money Stay-at-home moms weigh in on the challenge of recognizing the value of their work in the absence of a paycheck. 17 Tea and conversation An afternoon at Riedinger House links current students to campus history. 22 In the arms of God Sister Basil Anthony O’Flynn ’46, CSC depa rtments 2 Inside Saint Mary’s 18 Avenue News Haggar Hall in the spring 20 Belles Athletics The Saint Mary’s College Courier (USPS Courier Staff or email alumnae@saintmarys. 24 For the Record 135-340) is published three times a year Heather Grennan Gary edu by Saint Mary’s College, Notre Dame, IN Editor Letters 27 Club News 46556-5001. Periodicals postage paid at [email protected] the Post Offi ce at Notre Dame, IN 46556 and Send letters to the editor to: 30 Class News at additional mailing offi ces. POSTMASTER: Christine Cox Courier Editor Send address changes to Alumnae Staff Writer Saint Mary’s College 42 Excelsior Relations, Saint Mary’s College, 110 Le Gwen O’Brien 303 Haggar College Center Mans Hall, Notre Dame, IN 46556-5001. Director of Media Relations Notre Dame, IN 46556 45 Closing Belle Copyright 2012 Saint Mary’s College, Notre Sarah Miesle ’07 (574) 284-4595 Dame, IN 46556. Reproduction in whole or Sports Information Director or email [email protected] part is prohibited without written permission. Christina Duthie Alumnae Relations Staff The opinions expressed are those of the authors Graphic Designer The Mission Kara O’Leary ’89 or their subjects and are not necessarily Elizabeth Elsbach ’13 shared by the College or the editor. Director of Alumnae Relations Saint Mary’s College is a Catholic, residential, women’s Zara Osterman [email protected] college in the liberal arts tradition. A pioneer in the education Shari Rodriguez Photographers of women, the College is an academic community where Vice President for College Relations Jessica Stuifbergen ’99 [email protected] Class News Assistant Director of Alumnae women develop their talents and prepare to make a difference Send alumnae class news to: Relations in the world. Founded by the Sisters of the Holy Cross in Karen Zagrocki McDonald ’76 [email protected] 1844, Saint Mary’s promotes a life of intellectual vigor, Acting Assistant Vice President Alumnae News Editor aesthetic appreciation, religious sensibility, and social Integrated Marketing Communications 110 Le Mans Hall [email protected] Saint Mary’s College responsibility. All members of the College remain faithful to Notre Dame, IN 46556-5001 this mission and continually assess their response to the complex needs and challenges of the contemporary world. Courier | 1 The Alumnae Association Board of Directors Honorary President insidesaintmary’s Carol Ann Mooney ’72 President Rebecca Anne Votto ’93 600 Monterey Blvd., Apt 6 Hermosa Beach, CA 90254-4583 The wealth of knowledge Cell: 310-597-9210 E-mail: [email protected] Heather Grennan Gary, College Editor Vice-President Karen McNamara Weaver ’91 3027 Windsor Drive Right before we started working on this issue, I was looking through Bettendorf, IA 52722-2616 816-304-7682 • [email protected] a pile of fi les I’d inherited. In it was a report from the College’s Offi ce Secretary of Institutional Research—the “Five-Years-Out Employment Survey” Abby Van Vlerah ’04 of 2004 graduates. It turned out to be a fascinating read. 1560 Lane 110 West Otter Lake Angola, IN 46703-7632 307-399-0652 • [email protected] One section that caught my eye included responses to the question, Directors “Looking back, please list any additional general education requirements Sarah Brown ’05 704 Churchill Drive that would have been useful to you.” Charleston, WV 25314-1743 304-993-7761 • [email protected] As you might imagine, there was a broad spectrum of answers. Kelly O’Shea Carney PhD, CMC ’84 7128 Blossom Lane But it didn’t take long for a clear trend to emerge. In that 2009 study, Coopersburg, PA 18036-9723 610-965-9880 • [email protected] nearly a quarter of responses to that question mentioned personal Jill Moore Clouse ’99 fi nance topics. When the same study was conducted two years later 951Waverly Road Glen Ellyn, IL 60137-4849 with the Class of 2006, that number jumped to nearly a third. 773-348-2124 • [email protected] Cass Rydesky Connor ’60 While many students navigate the intricacies of fi nancial aid, the full reality of fi nancial 1411 North Druid Hills Road NE Atlanta, GA 30319-3812 independence doesn’t typically hit until after graduation. Th at’s when insurance policies, credit 678-641-2277 • [email protected] scores, budgeting, and investing take on a new level of importance. Th at’s when it’s time to Nora Barry Fischer ’73 U.S. Post Offi ce and Courthouse fi gure out how on earth you can aff ord to sign up for that 3 (or 5 or 10) percent salary reduction 700 Grant Street, Suite 5260 Pittsburgh, PA 15219 to go into a retirement account while simultaneously making student loan payments. judge_nora_barry_fi [email protected] Kathleen Gibboney ’73 “I took a legal and fi nancial literacy class as a non-major elective senior year that I think 13 Evergreen Circle Cincinnati, OH 45215-1368 should be a requirement,” responded one ’06 alumna. “It was extremely helpful in preparing 513-771-1162 • [email protected] me for the legal and fi nancial decisions I faced upon graduation and would otherwise have Annette H. Isom ’83 2 South 019 Taylor Road been extremely underprepared to make.” Glen Ellyn, IL 60137-6823 630-790-0397 • [email protected] Th e good news for future Belles: As of this fall that class, Financial Success Strategies for Angeline Johnson ’07 Women, is being off ered as part of the new core curriculum. Th e good news for alumnae: 114 South Varsity Drive South Bend, IN 46615-2538 You can get a taste of that class—including the reading list and a quiz—on page 10. 219-617-2281 • [email protected] Linda Kawecki ’79 Of course, some will always shy away from such a class. It may be because it seems 6948 Lakeshore Drive Dallas, TX 75214-3550 antithetical to the College’s liberal arts focus. It may be because of the long-standing notion 214-327-9355 • [email protected] that it’s a bit crass for women to talk openly about their fi nances. While that idea may be Monica Stallworth Kolimas, MD ’74 13230 Club Road changing (see page 7), the reality is that to talk about one’s income and expenses opens Hagerstown, MD 21742-2669 301-791-3825 • [email protected] oneself up to being judged as ignorant, greedy, lucky, or imperiled. Kathryn Wiedl Mettler, MD ’63 715 Registry Lane NE Th at’s why I so appreciate the story on page 3, “Putting money in its place,” in which Atlanta, GA 30342-2865 404-262-7454 • [email protected] several Saint Mary’s professors and Holy Cross sisters off er their wisdom about personal Geneviève C. Morrill ’98 fi nance. Th eir answers may surprise you—and challenge you, too. 1924 North Rockwell Street Chicago, IL 60647-4203 773-315-1316 • [email protected] Unfortunately, the Offi ce of Institutional Research doesn’t conduct a 15-years-out, Priscilla Karle Pilon ’86 25-years-out, or 45-years-out survey.
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