We should be thankful. In an email sent to faculty and staff

on academy financial updates, Barbara Chase, Head of School,

announced that our endowment, once valued at $803.5 million

during its highest point in June 2007, has declined to its present

value of $641.8 million.

This decline may seem drastic. But, in comparison to our

peer schools, Andover is well-off. PA’s endowment investment

fell 15 percent, a pleasant suprise after the...