Since some private-independent school Boards use, or are considering, the Carver Model of Governance, and since ISM is occasionally asked its view on that model’s efficacy in the private-independent school context, we offer the following opinions.

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As the de facto “risk manager” at most private-independent schools, the Business Manager is usually responsible for ensuring that the school maintains insurance coverage that is appropriate to its many legal, financial, and environmental risks. The legal vehicle through which we transfer risk (or fail to) is the insurance policy. It’s critical to know how to “read” and have a general understanding of your policy. This article offers several critical recommendations to help ensure that your insurance policies cover what you need covered—and that these items are spelled out appropriately in the written insurance contract(s).

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ISM last wrote about the motivations that parents and children have for entering and staying at a school in 1994. The original research was done over 30 years ago—it doesn’t seem to have changed in essence, although some nuances are becoming evident. Every year, we interview hundreds of parents and students face-to-face and almost always ask them questions about their motivation to attend a school, their motivation for staying, and what has the most impact on them. Our 2010 parent survey (with an n = 14,207) shows that 42.13% of our parents earn over $175,000 annually; 35.8% earn between $75,000 and $125,000; and 14.06% earn less than $75,000. Across all socio-economic bands, the answers to those questions are strikingly similar and can almost be scripted.

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William Johnson, CEO of the $10 billion food company H. J. Heinz, is quoted in Newsweek as follows: “I started out under the assumption that what got me to the position of CEO would work when I became CEO, and that is running the business and execution. That’s not my job as CEO. My job is to lead the people and manage the process. It took me a couple of years to learn that, and [when I did] I stepped back from the operations of the company and really began to focus on leadership, on having the right people in the right place, and on making sure people were properly motivated, incentivized, and directed.”1

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In March 2010, Congress passed and the president signed into law the Patient Protection and Affordable Care Act (PPACA),1 one the most far-reaching pieces of federal legislation in decades. As the final version (amended by a reconciliation bill) is well over 2,000 pages and, importantly, is phased in over the next four years, it will take some time before all elements and consequences of the legislation are fully assessed. ISM will continue to write on PPACA as new provisions come into effect. At this time, however, we would like to share with schools the requirements and changes2 that they will need to comply with between now and the end of 2010.3

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An essential element of accountability in the Development Office is the capacity to evaluate whether objectives are being achieved, and to measure progress toward those ends. The following table suggests a framework you can use to think through the metrics that define and measure success. You, as the Development Director, can use these metrics to analyze the state of your operations, to establish your baseline, and to assess your forward progress and communicate this to the School Head, the Board, and the school community. They will also aid you in planning and managing your operations.

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Since ISM first began its quinquennial analysis of the prime correlates of a school’s ability to sustain excellence in its student programs—known as the ISM Stability Markers™ —the marker known as “cash reserves” has placed either first or second in each analysis. And while “cash reserves” is a convenient way to reference the item, this marker is actually a formulaic mix of reserves, (low or no) debt, and endowment. Now holding the top rank for the ninth straight year, reserves/debt/endowment is always a focal point of Trustees’ discussions—and properly so, as they move into strategic planning with ISM. Following are five observations and comments, each one grounded in Trustees’ questions and pertinent to ISM Stability Marker No. 1. You, as a leader on your Board of Trustees, are encouraged to think carefully through the implications of each of these five.

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The relationship that you, as the Development/Advancement Director, have with your School Head can be a complicated and confusing one. There are five major reasons for this. Few Heads have any background in development. They tend to reach their position because of their academic background, not development experience. Few development people, on the other hand, have much background in education. They typically come from the nonprofit sector, or they start as parent volunteers and graduate to become staffers, with little formal training in the nuances of fund raising at private-independent schools.

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In a previous I&P article, ISM focused on the use of technology to revolutionize the architecture that supports the delivery of education to students. In this article, we expand on the idea of individualizing instruction, and include an example from a student’s point of view. This leads to the fourth characteristic of 21st Century Schools noted in an earlier article—the individualization of the content and delivery of curriculum, meeting the needs and passions of the learner at the rate and speed best suited to that learner, using blended learning.

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As President of your school’s Board of Trustees, you are always mindful of the need to perpetuate Board memory—historical information about the Board’s operations and activities. Even with reasonably effective new-member orientation and continuing, annual professional development of the Board, turnover will mean that, in a few years, the majority of the Board will rely on second-hand information about “how the Board does things.” That is, Trustees will not have experienced the passage of some pivotal Board policies and/or a discussion about the Board’s strategic operation. When they join the Board, the new Trustees will be relying on what they “heard” from the more experienced Board members.

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