More on Ernie's Reopening Drive

Ernie Pfanner's effort to reopen Fairfield School following its closing in 1978 is described in this article from California Farmer shared by Carolyn Pfanner at the Fairfield 150 celebrations (see below). 

Photo of article highlighting Ernie Pfanner's effort to reopen Fairfield, leading "Ernie's Army" of supporters. Ernie is seen as a Fairfield student in the class photo at the bottom (he is in the back row on the right). 

The articles depicts the unique rural school element to Fairfield that has been a source of diversity and connection to the agricultural heritage of Davis. 

It also highlights the rural "can-do" spirit that has often guided Fairfield's parent participation and efforts to get things done to improve the school for its students. For example, Pfanner was able to cut the cost of a reopening the school by doing things like bringing in his own pump repairman to look at a broken water pump that was budgeted at $2,200 to replace: it turned out it only needed a new $10 valve.   

Pfanner says that if rural people are left alone they can work things out for themselves. There are still rural people in California who can get the job done within the system. ‘We faced a solid wall of opposition to the school when we started, but through dedication the job was accomplished,’ Pfanner says.
— California Farmer, January 17, 1981

Having grown up in a small rural town in the Sierras, the rural element and its can-do spirit were also a big part of what my mother loved about Fairfield.

Fairfield School Song on Its 150th Birthday

Linda Book sings the Fairfield School song she wrote in 1993 on the occasion of Fairfield's 150th Birthday last Saturday.

Most future recipients of the Barbara Neu Memorial Scholarship should know this song (and its signs) by heart. 

As Linda explained in introducing the song, Mrs Neu (it was written during her tenure at Fairfield) was not in favor of a ballad at first and wanted her to do something more upbeat. However, Linda convinced her in the end to go with it. As the song has endured, I think my mother would agree it was the right call. Click here for the full song. Thanks Linda!

For more Linda Book songs visit LindaBook.com

Memories of How Ernie Pfanner Reopened Fairfield

Memories shared at the Fairfield 150 celebration May 7 at the school in Davis, CA included this one about how Ernie Pfanner, who had attended the school as a young boy, helped reopen Fairfield in 1982. Carolyn Pfanner, who did the sharing (with support from Eileen O'Farrell), is a Fairfield icon and repository of stories and historical facts about the school.

She was also a school bus driver and drove on a field trip to Dillon Beach that my father organized for Emerson students when I was a young boy. It included a bit of a roller-coaster ride in a large bus on some windy roads and around cliff-turns that is still etched in my boyhood memory.  

The Financial Side of an Endowed Fund

As the Barbara Neu Memorial Scholarship is to be an Endowed Scholarship Fund, meant to exist in perpetuity to carry out its stated purpose, it is important to get the donated funds invested appropriately.  The Sacramento Region Community Foundation will for its affiliate, the Yolo Community Foundation, invest the money designated to the fund via its selected investment advisor, Colonial Consulting LLC.

Like all endowed funds, the market value of the fund will help us establish an appropriate scholarship amount (or scholarships, if we deem fit) to ensure that the Fund retains enough money to award scholarships every year into the future without tapping the principal (or fund corpus). To accomplish this, the money donated to the fund is invested in a portfolio of stocks and bonds, much like a 401 K, and the return on this invested capital is what is used to pay the scholarship recipients and the fees associated with running a fund with a community foundation.

To get a better idea of what the financial side looks like, we refer to the Sacramento Region Community Foundation's Investment Overview

This is the indicative asset allocation for an endowed fund.Source: Sacramento Region Community Foundation Investment Overview

This is the indicative asset allocation for an endowed fund.
Source: Sacramento Region Community Foundation Investment Overview

With endowment fund investments, the investment goal are as follows:

Investment Goals

• To earn a sufficient long term return to preserve the purchasing power of the assets, after annual grants of 4% and annual support fees averaging 1.3%, plus cost of living increases; and

• To earn this return with as little volatility as possible.

The key goal is to have the fund's return on investments meet the desired scholarship amount with an annual distribution of 4% of the fund’s balance. Of course, the YCF/SacRegCF charges a fee for its services as does their investment advisor, and these fees must be factored into how much the fund pays out each year. Each Community Foundation has its own guidelines for this, set in accordance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA). 

Unfortunately, investment results of late have not been what they once were (see below). If this continues, we may be required to raise additional funds to make up for the lack of investment returns, or reduce or pause the scholarship payouts, in order to ensure the longevity of the scholarship. 

Investment results, lately, have not been what they once were - hope we get back to a 10% return.

Investment results, lately, have not been what they once were - hope we get back to a 10% return.

Neu Family Announce Scholarship @Fairfield 150

Barbara Neu's children announce the memorial scholarship project to Fairfield community at the 150th Anniversary party last Saturday.

Barbara Archer shared this great photo from Fairfield Elementary's 150th Birthday Party!

Barbara Archer shared this great photo from Fairfield Elementary's 150th Birthday Party!

HOW YOU CAN HELP

Here are three ways you can help:

  1. Ensure the Barbara Neu Memorial Scholarship Fund becomes fully funded this year so we can start offering scholarships in 2017. A scholarship fund with the local community foundation requires a minimum of $25,000 to launch and we are just 1/5th of the way there. If you are not in a position to further support the fund financially, we would welcome volunteers to help promote the fund and its activities, via the website, social media and working with the local press and other parts of the community.
  2. Assist to develop the selection criteria and application process for the scholarship award(s) - this includes a means to ensure that applicants meet the criteria and a way to keep in contact with Fairfield students/alumni, their parents and others supporting Fairfield School to make sure that those eligible to apply for the scholarship are aware of the opportunity at the appropriate time.
  3. Work with us on the process to award these scholarships and promote the award recipients so that the fund can continue to serve its purpose going forward.

We have already received suggestions and ideas that will require volunteers to make them happen. Keep the ideas coming and we'll share the ones that need engagement. Thank you!

A Great Day at Fairfield 150

Despite the clouds and some misty rain that fortunately stopped for the festivities, we all had a great day at Fairfield. 

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Most gratifying was gaining so much more insight and appreciation for the history of the school our mother loved so dearly. 

The more you know, the more there is to love about Fairfield. 

Thanks to Mary Ryan and Jonathan Defty for allowing us to update everyone on the scholarship. 

 

 

We Got the Fund's Official Welcome Letter

We are pleased to say that we received our official welcome letter for the Barbara Neu Memorial Scholarship from the Sacramento Region Community Foundation, on behalf of the Yolo Community Foundation. It feels more like we are official now. 

But as the letter notes:  

If the endowment is fully funded this year, there should be an ‘available to spend’ amount in 2017. And, of course, we still need to develop the selection criteria and awards process.

Accordingly, we still need your help:

  1. To ensure the Barbara Neu Memorial Scholarship Fund becomes fully funded this year so we can start offering scholarships in 2017
  2. To help us develop the selection criteria and application process for the scholarship award(s) - this includes a means to ensure that applicants meet the criteria and a way to keep in contact with Fairfield students/alumni, their parents and others supporting Fairfield School to make sure that those eligible to apply for the scholarship are aware of the opportunity at the appropriate time
  3. To help us lay out the process to award these scholarships and promote the award recipients so that the fund can continue to serve its purpose going forward.

The Neu Family Attending Reunion Party After Fairfield 150

The Neu Family is pleased to have been invited to the Fairfield School Reunion party to take place at the Village Homes Clubhouse after the official festivities at the school on May 7. We will be attending both events to share information about the Barbara Neu Memorial Scholarship and solicit support. 

We hope to see you there.  

It's somehow appropriate to be visiting the Village Homes site, as Mrs. Neu set up a primary school there back in the late 1970's (The New Cooperative Primary School) - see photos below.

More History for Fairfield Elementary Celebration

Anne Ternus-Bellamy has a write-up with some additional history on Fairfield School on The Davis Enterprise website (April 27, 2016). The more you know . . . the more you should want to come to the 150th Anniversary Celebration next Saturday. 

Surrounded by farms, the school is one of the most unique campuses used by Davis children. And standing in the gardens outside, it’s not hard to imagine what it was like to attend school here 150 years ago.

Back then, according to records dating from the 1870s, Fairfield served 29 Yolo County students. The school was originally located 5 miles west of Davis on the northwest corner of County Roads 31 and 95 on land donated by Albert Henle, an early pioneer farmer in the North Putah area.
— "Fairfield School celebrates 150 years," By Anne Ternus-Bellamy, The Davis Enterprise, April 27, 2016

Established May 7, 1866, wow!