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HC/HC Board of Trustees Meet Archbishop Spyridon

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Feb 20, 1998

GREEK ORTHODOX ARCHDIOCESE OF AMERICA

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New York, NY 10021

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Contact: Press Office

PRESS RELEASE

For Immediate Release:

HELLENIC COLLEGE/HOLY CROSS BOARD OF TRUSTEES MEET ARCHBISHOP TO APPOINT SEARCH COMMITTEE FOR NEW PRESIDENT

Brookline,MA - The Board of Trustees of Hellenic College/Holy Cross Greek Orthodox School of Theology met on February 14th in a meeting called by His Eminence Archbishop Spyridon, Chairman of the Board and His Eminence Metropolitan Isaiah, President of HC/HC. Those present also included His Eminence Metropolitan Methodios , His Eminence Metropolitan Maximos, the Dean, faculty and staff of the School and Trustees from throughout the country. The agenda included reports from the President, the acting Dean of HC/HC, the Rev. Deacon John Chr;yssavgis and Controller Leon Zaimes.

The president opened his remarks with the announcement that Bishop Kallistos Ware, a world renowned scholar on Orthodoxy, will offer a series of lectures, homilies and a retreat at HC/HC for the benefit of students, faculty and the general public. In addition, the School will receive visits by professors of Orthodoxy from the Universities of Athens and Thessaloniki. It is hoped that this will lead to an annual exchange of professors between HC/HC and its sister schools in Greece.

The Controller reported that for the fiscal year ending June 30,1997, the School received an “unqualified opinion” from the firm of Grant Thornton, the public accountants engaged by the School to provide the necessary annual outside audit of its financial operations. This is the best designation that an audit can attain, meaning that the finances of the institution are in good order. Although, the School ended the fiscal year in the black, Mr. Zaimes cautioned that the financial condition of the School remains, as it has for many years, in very tight condition and heavily dependant upon

large contributions and substantial support from the Archdiocese.

HC/HC - Page 2

This discussion of the School’s finances prompted Trustees James Argeros and Dr. William Collis to challenge the Board to lead the way in grass roots fundraising for HC/HC. The challenge was met by a motion, unanimously passed, that the 40 Trustees be responsible for raising or donating the sum of $5,000 each within the next 12 months and each year thereafter. This commitment to annually raise $200,000 through the efforts of the Trustees prompted an immediate response from several members. It was hoped, by the motion’s proponents, that the Trustee’s enthusiasm would be felt by the faithful and all those who understand the significant role that HC/HC plays in for the Church in America.

Considerable discussion ensued regarding the most appropriate way to deal with inaccuracies and false accusations in the media regarding HC/HC. Board members expressed their deep concern for the reputation of the School and encouraged the staff to address these issues directly. Further, the Trustees again stressed the need for a Director of Communications/Public Relations to implement this effort. A subcommittee is currently addressing this issue, as well as the position of Director of Development/Fundraising.

Following discussion regarding an anticipated shortfall in funds for the Archbishop Iakovos Library, it was moved and unanimously approved that a committee of Trustees and the President meet with the Trustees of the Library Trust, to discuss this issue in order to complete the library, currently under construction on the School grounds. The Controller reported that all indications point to such a shortfall and that he has been unable to solicit convincing evidence from the Library Trustees, an independent organization not affiliated with HC/HC, that these funds are available or will be raised. President Isaiah echoed his similar frustration in securing a commitment of sufficient funds or to his request to meet and discuss the current situation.

The meeting, conducted in a cordial and cooperative atmosphere, concluded with an announcement by His Eminence Archbishop Spyridon that, in conjunction with the wishes of the Executive Committee, he will shortly announce the formation of a committee to begin a search for a new full time president for HC/HC. While praising Metropolitan Isaiah for his tireless effort in assuming responsibility as president for the last 10 months, His Eminence noted that the Metropolitan has had to juggle his duties as president along with those as Presiding Hierarch of the Diocese of Denver. It is expected that a candidate will be found and approved prior to the commencement of the 1998-99 academic year.

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