Gregory K. Norris CPF
RIP Past PPFA President 2016-2018
Certified Picture Framer®
In Remembrance
Rest In Peace
Here is a link to an article in the Washington Post:
https://www.washingtonpost.com/educ...rned-their-real-value/?utm_term=.779285fbaacf
By Michael Brice-Saddler March 4 at 11:00 PM
The four works of Asian art were supposed to provide financial relief for the small music-education-focused Pacific Boychoir Academy in Oakland, Calif.
A donor gave the school the Chinese paintings in late 2017 and early 2018. Two independent appraisers valued them at $2.8 million total, the school said. With the largest donation in its 20-year history, the private academy would no longer be forced to adhere to a tight budget — relying on tuition fees and contributions to maintain operations.
The school was so confident in the appraisals that it took out $400,000 in loans against the art, school officials say, helping to pay for a new communications director and full-time admissions director. The efforts quickly paid dividends: Enrollment in the academy, which hosts just 24 students, is expected to nearly double next school year, Janelle Geistlinger, the admissions director, said in an interview Monday.
https://www.washingtonpost.com/educ...rned-their-real-value/?utm_term=.779285fbaacf
By Michael Brice-Saddler March 4 at 11:00 PM
The four works of Asian art were supposed to provide financial relief for the small music-education-focused Pacific Boychoir Academy in Oakland, Calif.
A donor gave the school the Chinese paintings in late 2017 and early 2018. Two independent appraisers valued them at $2.8 million total, the school said. With the largest donation in its 20-year history, the private academy would no longer be forced to adhere to a tight budget — relying on tuition fees and contributions to maintain operations.
The school was so confident in the appraisals that it took out $400,000 in loans against the art, school officials say, helping to pay for a new communications director and full-time admissions director. The efforts quickly paid dividends: Enrollment in the academy, which hosts just 24 students, is expected to nearly double next school year, Janelle Geistlinger, the admissions director, said in an interview Monday.