Investor Steven M. Galbraith Named Chair of Success Academy Network Board of Trustees
Success Academy – April 30, 2018
**FOR IMMEDIATE RELEASE, APRIL 30, 2018**
INVESTOR STEVEN M. GALBRAITH NAMED CHAIR OF SUCCESS ACADEMY NETWORK BOARD OF TRUSTEES
Galbraith Succeeds Daniel S. Loeb, Who Steered High-Performing Network Through Five Years of Extraordinary Growth and Achievement
New York, NY — Today, Success Academy announced that investor Steven M. Galbraith will become chair of the network’s board of trustees, effective July 1, 2018. Galbraith, co-founder of Kindred Capital, has been a long-standing and active proponent for Success Academy since its earliest years. As leader of the board’s finance committee for the past five years, he brings deep knowledge of the Success model, together with extensive experience in board governance, to the network’s mission.
“From our earliest days, Steve Galbraith has been an extraordinary thought partner and tireless champion of children,” said Eva Moskowitz, founder and CEO of Success Academy. “Through his wise stewardship of our finances, Success has been able to grow to meet the demand of parents who are desperate to find a high-quality school for their children. As we build to a network of 100 schools, we know that Steve’s unshakable dedication to educational opportunity will be invaluable to our mission.”
Galbraith will succeed investor and philanthropist Daniel S. Loeb, who will continue to serve on the board. During Loeb’s five years of leadership, Success Academy grew from 22 to 46 schools while achieving record-breaking student outcomes for children of color. The Success Academy Education Institute was launched to share the organization’s proven curriculum and training with educators across the country, and the network won national recognition, receiving National Blue Ribbon Awards and the 2017 Broad Prize for Public Charter Schools.
As one of Success Academy’s earliest supporters, Galbraith served on the board of the second school, SA Harlem 2, which opened in 2008, and two years later he and his wife, Lucy, founded SA Bronx 2. Both schools are among the top-ranked elementary schools in the city and state and annually attract thousands of applications.
“I am humbled and excited to be elected chair,” said Galbraith. “The Success team, scholars, and their families comprise an extraordinary community that is redefining what is possible in public education. I look forward to working with Eva, the board, and the entire Success community to prove “Mission Possible,” as we provide a world-class education to children of all backgrounds to not just close, but reverse, the achievement gap.”
Prior to co-founding Kindred Capital in 2016, Galbraith held key positions at a number of financial institutions, including Maverick Capital, Morgan Stanley, and Sanford C. Bernstein. He was also an adjunct professor at Columbia University Business School where he taught securities analysis for a decade. He has served on the board of trustees of Tufts University, his alma mater, since 2009 and was also a trustee of the National Constitution Center in Philadelphia. Galbraith, 55, lives in Darien with his wife, Lucy, and has two adult children, Katie and Harry.
“Steve Galbraith is an accomplished leader and a passionate advocate for education and its power to shape the lives of young people,” said Anthony Monaco, president of Tufts University. “His energy, vision, and principled leadership will help propel Success Academy’s continued accomplishments.”
“I cannot think of a better person to serve in this important role,” said Lawrence Bacow, incoming president of Harvard University and former president of Tufts. “Steve will use his considerable leadership skills to continue the great work of this organization, and the talented children of our nation will be the beneficiaries.”
“Serving as chair has been one of the most meaningful philanthropic experiences of my life, and I am thrilled to be able to watch our first scholars receive their high school diplomas and move on to selective colleges,” Loeb said. “There is nothing more urgent for our city and our country than giving kids the opportunities in life that only great schools can provide. I look forward to continuing to serve on the Success board and working with Steve Galbraith, who will be a terrific board chair.”
ABOUT SUCCESS ACADEMY CHARTER SCHOOLS
Founded in 2006, Success Academy Charter Schools are free public K-12 schools open to all children in the state through a random lottery. With 46 schools across Brooklyn, the Bronx, Manhattan, and Queens, Success Academy enrolls 15,500 students, primarily low-income children of color in disadvantaged neighborhoods: 77% of students receive free or reduced-price lunch, 95% are children of color, 12% are children with disabilities, and 8.5% are English language learners. Ranked in the top 1% in math and the top 1.5% in English on 2016 state proficiency tests, Success Academy schools received almost 18,000 applications for about 3,200 open seats this year.
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