I am writing to share with you some exciting news for Conserve School. Like many exciting situations, this news contains some strong positives mixed with a bit of uncertainty. Based on what I know, the long-term positives greatly outweigh the short-term uncertainty.
This morning, at the direction of our Trustees, I issued the following news release:
Conserve School To Welcome New Trustees
LAND O' LAKES, Wisconsin, June 5, 2018 – Conserve School announced that new trustees of the Conserve School Trust, which oversees and funds the school, will be appointed this summer. Head of School Stefan Anderson will continue to lead Conserve School, as he has done since 2003, and the 2018-19 academic year will proceed as planned.
The Trust is the legacy of James Lowenstine, a Chicago industrialist and philanthropist who passed away in 1996. Lowenstine directed that the bulk of his estate be used to operate a school on his 1,200-acre property in the Northwoods of Wisconsin.
Conserve School opened its doors in 2002 and converted to a semester school primarily for high school juniors in 2009. It currently serves about 60 students per semester, offering a full curriculum of core courses with a focus on environmental stewardship.
Among the assets Lowenstine left behind to support the school was a controlling interest in Central Steel and Wire Company, a Chicago-based distributor of metal products. Lowenstine was the chief executive officer of Central Steel for decades. His trust provides that if the trustees no longer control the company, new trustees will be appointed by The Culver Educational Foundation, which operates the Culver Academies in Culver, Indiana. Jim Lowenstine was a 1942 graduate of Culver, and he was a proud and generous supporter of that school. Ryerson Holding Corporation announced that it is acquiring Central Steel.
The Culver Educational Foundation has indicated that it will appoint a new board of trustees promptly and that it plans to ask two of the current trustees to remain in office for a sufficient period of time to ensure a smooth transition.
Let me assure you that I do not expect any significant new changes to occur during the next academic year because of this news. I appreciate the dedication of Conserve School's current trustees and their willingness to make the difficult decision to diversify Conserve School's endowment for the long-term benefit of the School. I look forward to meeting the new trustees and working with them for the betterment of Conserve School.
Head of School