Annual Report 2018 ACG 150 | Advancing the Legacy, Growing Greece A plan to leverage education for economic and social impact Table of Contents Board Chair’s Message ........................................................................................................................................................ 2 President’s Message .............................................................................................................................................................. 2 In Memoriam: Dr. John S. Bailey ..................................................................................................................................... 3 ACG 150 | Advancing the Legacy, Growing Greece ........................................................................................... 4 Strategic Developments: 2008-2018 ............................................................................................................................ 4 GOAL ONE Achieve high standards of performance across all educational programs and make a material difference in Greece’s economy and public health ..................................................................... 5 Pierce .............................................................................................................................................................................................. 6 Deree .............................................................................................................................................................................................. 8 Alba ................................................................................................................................................................................................. 10 Transformative Scholarship ............................................................................................................................................... 12 Transformative Service – Greece ................................................................................................................................... 13 Transformative Service – American Education ..................................................................................................... 17 Transformative Service – Hellenic Heritage ............................................................................................................ 18 Transformative Service – Global Community ......................................................................................................... 18 GOAL TWO Cultivate a high performance organizational culture based on transparency, mutual support, collegiality, and continuous improvement .......................................................................... 20 GOAL THREE Establish ACG’s public position and build a culture of constituency engagement and philanthropy ........................................................ 22 Development and Alumni Relations ............................................................................................................................. 23 Honor Roll of Donors: 2017-18 .......................................................................................................................................... 25 GOAL FOUR Assure a comprehensive and sustainable financial and infrastructure model ................................... 29 Finance and Financial Aid: 2017-18 ............................................................................................................................... 31 2018 ACG Social Impact by the Numbers ................................................................................................................ 32 1 In Memoriam: Dr. John S. Bailey Board Chair’s Message Chancellor Emeritus, Chancellor, President The American College of Greece 2018 marked another year of forward progress for The American College of Dr. John S. Bailey, a leading figure At a ceremony in honor of Dr. and Greece, but also a year of loss as the College community suffered the tragedy in Greek independent education for Mrs. Bailey in June 2008, Trustee of ACG staff, students and family killed in the Athens summer wildfire as well four decades, died on New Year’s Jon Westling paid tribute to his as the passing of two College leaders, Harold O. Levy (a recent member of Eve, December 31, 2018 in Athens. He unique role in the institution’s history was 89. by describing Dr. Bailey as a de the ACG board of trustees) and Chancellor Emeritus, Dr. John S. Bailey. facto “founder” of the College. In Born in Elmhurst, Illinois in 1929, John recognition of their contributions to Dr. Bailey’s passing marks the loss of one whose vision and efforts have S. Bailey was the son of an educator the College, the Board of Trustees made possible the success of this impressive institution. From its humble mother and a businessman father. named the College Library the John Relocating with his family to Boston S. Bailey Library and the College’s beginnings in Smyrna more than a century ago, the College has emerged to (MA) for high school, he distinguished outdoor amphitheater the Irene become the largest independent college in Greece, educating students from himself as a student-athlete, becoming Bailey Theater. In July 2008, Dr. Bailey over 70 countries around the world. Eastern New England shot put became the College’s first Chancellor champion. Earning an undergraduate and upon his retirement in 2012 degree from Boston University and was named ACG’s first Chancellor Dr. Bailey’s courage and commitment to American style education not only MBA from Northeastern University, he Emeritus. made it possible for the College to flourish, but also to serve as a beacon to served in the U.S. military as a combat Greece through some of its most difficult times. This is perhaps no more true infantry officer in the Korean War and was awarded the U.S. Legion A highlight of Dr. Bailey’s presidency was the hosting of the of Merit, Bronze Star for Valor and Combat Infantryman Badge, the U.S. Olympic Team for the 2004 Athens Olympics. U.S. athletes than in recent years, when the College has made as its goal to prepare this France Croix de Guerre and the Korea Military Service Medal. credited the College’s superb facilities with their outstanding generation to face daunting new economic and social realities. competitive performance in the Olympic Games. Another highlight After teaching business at Northeastern, he was appointed Assistant of his presidency was the creation of The College Chapel of the We are determined to continue to build on this proud legacy of service to Greece and the global community. We are to renowned President, Asa S. Knowles and, later, Dean of University Three Hierarchs, dedicated in 1999 by His All Holiness Ecumenical College, the university’s largest division. In 1969 he became President Patriarch Bartholomew and Archbishop of Athens and All Greece grateful for all those who join us as alumni and friends of ACG in this noble vision. of Nasson College (Maine), a position he held until accepting the Christodoulos. On January 5, 2019 hundreds of the College’s faculty, presidency of The American College of Greece in 1975. staff, alumni and friends attended the funeral service for Dr. Bailey in the Chapel. They commented fondly in the reception following Concetta M. Stewart, PhD Joining The American College of Greece as its ninth president on their recollections of an empathetic, encouraging leader, Chair, Board of Trustees during the early and formative years of its independence from the whose work ethic, vision and belief in the goodness of others founding sponsorship of the United Church of Christ, President The American College of Greece provided thousands of staff and students with the opportunity Bailey’s leadership positively impacted the College for generations and inspiration to achieve successes of their own. As a symbol of to come. His tenure witnessed an unprecedented period of respect and appreciation, College flags were flown at half-mast institutional growth, development and achievement. until January 31, 2019. President Bailey’s leadership contributions positioned the Dr. Bailey’s leadership extended and was widely recognized well institution for a significant and secure future, including: adoption beyond ACG, including as a founder, President and President of the College’s official name – The American College of Greece; Emeritus of the Association of American International Colleges incorporation of The American University of Greece in the U.S. as a and Universities. Among the many awards he received were: means of generating philanthropic support for the College and in the Commemorative Medal of the City of Athens in recognition anticipation of the eventual change of Article 16 to permit private of his dedication to Greek education and his contribution to universities in Greece; recruitment of distinguished volunteers to the advancement of learning in the City of Athens; the Finis serve as members of the Board of Trustees; attaining accreditation Engleman Award for distinguished leadership in international by the New England Association of Schools and Colleges – the higher education; the award for Leadership in International President’s Message first U.S. college or university abroad to be regionally accredited; Education by the Association of State Colleges and Universities transformative development of the College’s physical facilities, (Washington, D.C.). He was awarded honorary