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Annual Report 2017 ACG 150 | Advancing the Legacy, Growing Greece a Plan to Leverage Education & Re-Invigorate the Economy Board Chair’S Message

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Annual Report 2017 ACG 150 | Advancing the Legacy, Growing Greece a Plan to Leverage Education & Re-Invigorate the Economy Board Chair’S Message Annual Report 2017 ACG 150 | Advancing the Legacy, Growing Greece A plan to leverage education & re-invigorate the economy Board Chair’s Message The excitement and energy at The American College of Greece continues to be evident in the many accomplishments of our faculty, staff and students. Our graduates also continue to make contributions throughout Greece and the world. It is clear that the education they have received at the College is serving them well. As the new Chair of the Board, I’m delighted to enter my ninth year of service to the College as a trustee. I continue to be impressed by the talent and commitment of the faculty and staff. Dr. Horner has certainly assembled a truly talented team of academic leaders. We will miss the wise counsel of our immediate past chair, Phil Korologos, and remain grateful for the decades of service from the Korologos family. In honor of this service, Phil was awarded an Honorary Doctorate of Law at the Deree Commencement in June. This past spring, we also recognized the service of Nikos Ebeoglou, who completed his term with the ACG Board and played a vital role in the transition of Alba. In addition, we welcomed to the Board Drake Behrakis, who will begin his first three-year term and brings great enthusiasm to advancing Hellenism in America. Finally, we expressed both gratitude and sadness at the departure of our colleague, Olga Julius, who served Pierce for over 40 years, including the last 14 years as its Principal. Perhaps there is no better example of the school motto, “Non Ministari, Sed Ministrare.” Many thanks to our alumni and friends who also continue give generously to the College. Your support is essential to our success. Concetta M. Stewart, PhD Chair, Board of Trustees The American College of Greece President’s Message In my first year as ACG president (2008-09), after consultation with internal and external constituencies, we introduced a strategic plan: ACG 150…Advancing the Legacy. Building on our institutional momentum, in 2017 we unveiled a new plan: ACG 150 | Advancing the Legacy, Growing Greece. This new blueprint aims to leverage ACG’s ongoing development to materially contribute to Greece’s economic recovery. The 2017 Annual Report reveals some of the early steps in making this bold vision a reality. The U.S. higher education system has been the catalyst for America’s economic prosperity over the past 70 years. Building on its already strong and expanding linkages to the U.S. system, ACG is uniquely positioned to deliver economic stimulus to Greece. We envision a multifaceted, interdisciplinary effort encompassing ACG’s three divisions: Pierce, Deree, Alba. New academic programs, e.g. Science, Technology, Engineering, Math (STEM) fields, and more extensive linkages to business and industry also will be key components. As we begin to execute ACG 150 | Advancing the Legacy, Growing Greece, we are grateful for the leadership, generosity and energetic engagement of our Board of Trustees and our new Board Chair, Dr. Concetta Stewart. We invite all of the College’s alumni and friends to join the Board as well as our incredibly dedicated faculty and staff as we move towards the College’s 150th anniversary in 2025. David G. Horner, PhD President The American College of Greece 1 ACG 150 | Advancing the Legacy, Growing Greece GOAL ONE Achieve high standards of performance across all educational programs and develop linkages A plan to leverage education & re-invigorate the economy to support Greece’s economic recovery ACG FALL TOTAL ENROLLMENT MISSION MAJOR GOALS and CORE STRATEGIES 5,205 To add distinctive and sustainable value to our Achieve high standards of performance across all 5000 466 students as well as Greece, American education, GOAL ONE: educational programs and develop effective linkages to support Hellenic heritage, and the global community Greece’s economic recovery 4,087 through transformative teaching, scholarship and 4000 service CORE STRATEGY: Enhance the educational experience; diversify 3,688 and strengthen enrollment; implement new academic and co- 321 1,723 VISION curricular initiatives to boost Greek economic growth 3,316 To establish The American College of Greece 3000 as the premier, independent, comprehensive, GOAL TWO: Cultivate a high performance organizational culture educational institution in southeastern Europe based on transparency, mutual support, collegiality, and continuous and make a material difference in the economic improvement 2000 702 2,591 OU Validation performance of Greece CORE STRATEGY: Establish collegial governance rooted in a highly Deree and Alba accredited by NEASC functioning board, faculty and staff 861 CORE VALUES 1000 Deree undergraduate programs validated by Open University The American College of Greece is dedicated to GOAL THREE: Establish ACG’s public position and build a culture of 1,423 integrating creatively: constituency engagement and philanthropy 801 776 • American education best practices CORE STRATEGY: Invest in targeted marketing, institutional 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 • Greece’s unique intellectual and cultural advancement and public affairs initiatives Pierce Junior College Deree Downtown Deree - AP Alba Total 72 COUNTRIES OF ENROLLED STUDENTS heritage Assure a comprehensive and sustainable financial and GOAL FOUR: (Descending Order) • A campus ethos of mutual respect, infrastructure model ANNUAL GRADUATES (HEADCOUNT) responsible action and high achievement CORE STRATEGY: Strengthen financial management; diversify Greece, United States of America, Egypt, • Student development for engaged, revenue sources; improve physical and technological resources; 1000 Albania, Cyprus, France, Ukraine, China, effective global citizenship implement comprehensive approach to sustainability 861 858 Germany, United Kingdom, Saudi Arabia, 800 767 Philippines, Morocco, Serbia, Romania, 741 745 731 30 33 695 Russia, India, Lebanon, Norway, Jordan, 667 338 332 628 202 Qatar, Turkey, Italy, Nigeria, Ireland, 600 35 Strategic Developments: 2008-2017 219 184 278 55 Sweden, Switzerland, Iran, Bulgaria, 420 422 57 59 55 38 51 Georgia, Congo, Libya, Canada, Brazil, 400 425 2013 Armenia, Austria, Belgium, Finland, 2008 376 298 292 311 329 276 • ACG 150... Advancing the Legacy introduced • Deree Guarantee announced: assured undergraduate Luxembourg, Montenegro, Bangladesh, 164 134 tuition for four years 200 Kazakhstan, Pakistan, Palestine, Angola, 65 2009 23 6 156 168 175 Zimbabwe, Chile, Azerbaijan, Croatia, • Junior College admission discontinued; final Junior 2014 127 103 111 104 116 126 0 Denmark, Netherlands, Portugal, Spain, College class graduates in June 2012 • ACG collaboration with Cornell University Johnson 2009 2010 2011 2012 2013 2014 2015 2016 2017 School of Hotel Administration Pierce Junior College Deree UG Deree GR Alba Total Bahrain, Israel, Japan, South Korea, Kuwait, • College residences converted to student use • Frances Rich School of Fine and Performing Arts named • Technology investment plan adopted Singapore, Syria, Uzbekistan, Vietnam, for American sculptor, Frances I. Rich UNDERGRADUATE ACADEMIC MIX (NEW STUDENTS) Yemen, Burundi, Kenya, Senegal, South 2010 • Stavros Niarchos Foundation funds Niarchos Scholars 100% 4% 4% 6% Africa, Tunisia, Barbados, Argentina, Program: Greek public university students pursuing 9% 10% • Deree International Honors Program initiated, affiliation 14% “parallel study” at Deree 90% Ecuador, Honduras with Stanford Summer International Honors Program 23% 25% • Partnership with National Hellenic Society for Heritage 80% 2015 45% 47% Greece: short-term immersion for Greek Americans 46% 2012-2017 MIDDLE 50% HIGH SCHOOL GRADES • Launch of ACG Institute of Public Health, funded by the 70% 50% 58% 2017 16 17.8 19.1 Behrakis Foundation 58% 2011 60% 59% • Deree partners with Open University (UK) to offer dual 59% 2016 2016 15.7 17.7 18.9 undergraduate degrees (US/EU) securing “professional 50% 56% 58% rights” for Deree graduates based on EU law • Pierce International Baccalaureate Diploma Program 40% 2015 16.5 • NEASC Reaccreditation of Deree and Alba 14.6 17.9 • ACG and Libra Group pioneer International Internship 43% Program 30% 43% 50% 2014 14.3 16 17.7 2017 46% 20% 36% 2012 • ACG 150 | Advancing the Legacy, Growing Greece 34% 31% 27% 2013 13.8 15.3 17 A plan to leverage education & re-invigorate the economy 10% 21% • ACG/Alba strategic alliance: Alba relocates to 17% ACG Downtown; Deree programs shift to main campus • Greece’s First Simulated Trading Room 12% 10% 0% 2012 13.6 15.1 16.9 • Board approves plan to increase student financial aid • “Education Unites: From Camp to Campus”, refugee 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 education program co-sponsored with U.S. Embassy <14 14-17.9 18> 25th Percentile Median 75th Percentile 2 3 Total: 466 The ALBA MBA ALBA 2017 FALL ENROLLMENT BY PROGRAM MSc in Marketing Total: 466 The AlbaALBA MBA MBA New Pierce Principal: Eric Trujillo The ALBA MBA Total: 466 MSc in Finance MSc in Marketing Eric Trujillo was appointed Principal of Pierce College in July 2017, MSc in Marketing 5 MSc in Finance following the completion of Olga Julius’ tenure. Previously, he was 19 16 MSc in Shipping Management 93 Headmaster of Üsküdar American Academy, Istanbul, Turkey from 22 19 16 5 MSc inMSc Finance in Shipping Management 22 93 2010 to 2015. From 2003 – 2007, he was Director (Head) of American 24 MSc in Tourism Management 24 MSc in Tourism Management Collegiate Institute – Pierce’s “twin institution” – and SEV Elementary
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