MassDevelopment Bond Helps Beaver Country Day School Buy HVAC System
August 15, 2019
FOR IMMEDIATE RELEASE
Kelsey Schiller, MassDevelopment, 617-330-2011 & 617-694-9695 (cell)
Lisa Trask, Beaver Country Day School, 617-738-2748
MassDevelopment has issued a $7 million tax-exempt bond on behalf of Beaver Country Day School, Inc., a coeducational independent day school in Brookline’s Chestnut Hill neighborhood serving students in grades six-12. The school will use bond proceeds to buy a new HVAC system, which will replace its current steam heating system and add air conditioning to the school’s main building. Boston Private Bank & Trust Company purchased the bond.
“Beaver Country Day School’s innovative approach to education, enabled by various active learning spaces around their campus, encourages students to think creatively and collaborate with one another,” said MassDevelopment President and CEO Lauren Liss. “MassDevelopment is proud to help the school finance a new HVAC system, a project that will continue to ensure a welcoming and comfortable environment for students and faculty to flourish.”
Beaver Country Day School was founded in 1920 as the combination of two existing schools, Beaver School in Boston and Pinewood School in Chestnut Hill. Known for its curriculum, which is based on a pedagogical approach that engages students in real-world experiences, the school currently enrolls approximately 490 students from more than 60 cities and towns at its 17-acre campus located just outside of Boston. This unique approach puts students right at the center of their educational experience where they become independent, critical thinkers who embrace exploring new subjects and are able to creatively and thoughtfully apply their acquired knowledge.
“At Beaver we see every part of our campus as ‘the classroom,’ every square foot is thoughtfully designed to inspire creativity and foster productivity,” said Beaver Country Day School Chief Financial Officer Joanne McDaniel. “We are constantly evolving our campus to meet the needs of our students, faculty and staff. The new HVAC system will ensure our entire campus can be utilized to support this teaching and learning style.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During FY2018, MassDevelopment financed or managed 384 projects generating investment of more than $4.1 billion in the Massachusetts economy. These projects are estimated to create or support 10,994 jobs and build or rehabilitate 830 housing units.