August 18, 2005
Agreement Finalized With St. Joseph's University
Dear Members of the Episcopal Community,
We are pleased to announce that we have reached a definitive agreement with Saint Joseph’s University to acquire our Merion facilities. The target date for our formal move to Newtown Township is September 2008, and work on securing the necessary permits to begin construction is already underway. As with any major transaction, there are contingencies regarding financing, inspection, and permits, but we are confident that all of these issues will be resolved expeditiously.
This agreement makes our move a reality and provides us with the opportunity to create a campus that is consistent with our objective of being one of the best day schools in America. Our new campus will provide extraordinary facilities and will enable new levels of student, faculty, and community interaction. Throughout this process, our first priority has been to provide the best possible education and resources for our students and faculty – both now and in the future. This agreement with Saint Joseph’s University, and our upcoming move, is a significant step in accomplishing that goal.
We want to thank all of you for your patience regarding this matter. Finalizing this agreement has at times been challenging and we realize you may have had doubts or concerns. The process was lengthy, but it was our responsibility to ensure that every element of this agreement was in the best interest of our students, faculty, alumni, parents, and staff. As we now formally begin the move to Newtown Square, we are hopeful that you will agree that ensuring our future for generations to come was worth the wait.
This truly is a momentous time in an already rich and storied school history. As a community, we have been presented with a rare opportunity to leave our imprint on Episcopal Academy for decades to come. Four years ago, a handful of forward-thinking alumni and parents had the vision to purchase a spectacular piece of land in Newtown Square to secure Episcopal’s future. Now it falls on us to turn this vision into a reality. With this agreement, we are one step closer. We are grateful to all of the individuals who have carried us to this point and hope that we can count on your support in the upcoming capital campaign to get us the rest of the way to Newtown Square.
Ham Clark, Head of School
Gretchen Burke, Chairman, Board of Trustees