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Alumni Spotlight: Paul Tierney, Jr. ’60

Fenwick nurtured the service seeds planted by the parents of this alumnus, who has been employing the power of business to solve social problems for five decades.

By Mark Vruno

Image courtesy of Notre Dame Magazine.

Fenwick High School and University of Notre Dame alumnus Paul Tierney, Jr. ’60 resides on the East Coast in Darien, Connecticut, and New York City. But his humanitarian roots were planted at home in La Grange Park, IL, and at St. Francis Xavier Parish & School.

“My mother and father always talked about the importance of doing good works for your fellow man,” says Mr. Tierney, who is three months into his retirement as chairman of TechnoServe, an international, nonprofit organization that promotes business solutions to poverty. The company works with enterprising people in the developing world to build competitive farms, businesses and industries. “Our clients are small, poor, grassroots,” he notes.

Tierney encourages the use of private equity and venture capital to fund entrepreneurial firms in locales such as Africa and Latin America. As he told Forbes magazine in 2010, he believes this funding approach “can be a superior alternative to the traditional development funds funneled through the likes of the World Bank,” the international financial institution that provides loans to countries of the world for capital projects.

Paul Tierney at a Glance

  • From La Grange Park, IL / St. Francis Xavier

  • Fenwick High School, Class of 1960

  • University Notre Dame, 1964 (magna cum laude)

  • Harvard Business School, 1968 (Baker scholar)

  • U.S. Peace Corps (Chile)

Tierney’s portrait in the 1960 Bkackfriars Yearbook.

Growing up Catholic had a lot to do with his public-service interests, especially helping those less fortunate. “My parents taught that with great gifts, great action is expected,” points out Tierney, who has had a highly successful career in investments. The then-youngster heeded the advice of Mr. & Mrs. Tierney, whose ideals and principles, in turn, were honed and nurtured by the Dominicans at Fenwick. Fifty years ago, using the power of business to solve social problems was somewhat radical; it definitely was not a mainstream notion.

Tierney graduated magna cum laude in 1964 from ND, where he majored in philosophy. He applied to law school, business school and several doctoral programs but instead chose the Peace Corps, U.S. President John F. Kennedy’s volunteer organization founded three years earlier. “I was sent to Chile on an economic-development program to work with farmers in the agrarian reform movement,” he explains. “My job was to help people structure and improve cooperatives.”

While in rural South America, Tierney says he met a lot of bright people in development. “but few of them knew business or had practical skills.” So, after his service, he went to Harvard Business School (HBS) on a fellowship from the Ford Foundation“to learn how commerce actually works. By the time I finished my MBA program [in ’68 as a Baker Scholar],” he adds, “I thought that more effective work in economic development would be done in the private sector.” In a 2002 profile written by the Harvard Business School, Tierney says he realized he could make a larger impact on society if he first succeeded in business. “I’ve really had two careers,” he observed, “one as a for-profit financial entrepreneur and one as a crusader for economic development.”

Tierney set out on what would be a 30-year career in investment management, first starting a merchant bank in London and then overseeing financial programs at the U.S. Railway Association, which would become Conrail (now CSX). Next, he was a senior vice president at White, Weld & Co., which Merrill Lynch purchased. In 1978, he co-founded Gollust, Tierney & Oliver, the general partner for Coniston Partners, which was a $1-billion value investment partnership focused on strategic block investing and private equity. The firm split up in the mid-1990s.

“After about 15 years of building my own company, I felt like I should come up for air,” Tierney reflects. “I’d made some money, I had some experience, I saw how the real world operated, and I understood capital markets. But I still had a taste for the work I was interested in when I was in the Peace Corps.”

Technology in the Service of Mankind

Tierney started looking for ways of getting re-engaged and surveyed several organizations. “I found many relief organizations, but I didn’t find many development-assistance organizations,” he told HBS. “I wanted something that was hands-on and firm-based, not just a think tank or a Band-Aid.” A friend mentioned TechnoServe, and Tierney’s world changed

Businessman and philanthropist Ed Bullard founded TechnoServe in 1968 after his experience volunteering at a hospital in rural Ghana, West Africa. Bullard was inspired to start an organization that would help hard-working people harness the power of private enterprise to lift themselves out of poverty. He launched TechnoServe – short for “technology in the service of mankind” – to help poor people by connecting them to information and market opportunities. “It was a much smaller organization back then, with a single office in Norwalk, CT, and an annual budget of around $5 million,” Tierney remembers.

“I visited four of the countries TechnoServe operated in and, as I saw what was going on in the field, I became more and more confident that this was an organization with a good approach that was making a real impact.” Tierney kept stepping up his involvement with TechnoServe, starting as a volunteer member, then a board member, then chairman of the Executive Committee and, ultimately, chairman in 1992.

Tierney in Ghana.

For 27 years he was at the helm, steering the philanthropic “ship” into countries such as Haiti in the Caribbean, India in South Asia and Mozambique in Southeast Africa along the Indian Ocean coast. Based in Washington, D.C., TechnoServe today has grown to more than 1,500 employees and operates in 29 countries. “Thirty-five years ago, there were only five or six [countries],” Tierney reports. TechnoServe has become a leader in harnessing the power of the private sector to help people lift themselves out of poverty. “By linking people to information, capital and markets, we have helped millions to create lasting prosperity for their families and communities,” proclaims its website.

One of his favorite success stories from the field is set in civil war-torn Mozambique, where Tierney encountered female workers in a cashew-processing facility who were grateful for their jobs. “It was very hard, grinding work, but these women told me they were happy to be able to do it in safe conditions,” he remembers. “They were sending their children to school with the money they were earning.”

At a coffee project in Tanzania, people literally broke out in song and dance, praising TechnoServe for the work it did, which has contributed to a greater level of education in the community. “It is gratifying to see how this type of work allows a second or third generation to continue on a trajectory of significantly increasing their standard of living,” he shares.

Meanwhile, at Aperture Venture Partners, the other half of Tierney’s time was spent assisting portfolio companies interested in healthcare in a variety of ways – from strategy and raising capital to M&A, business development and corporate governance. He also is co-founder, managing member and partner of Development Capital Partners, LLC, a New York-based investment firm with an exclusive focus on “frontier” and emerging markets such as Africa, India and Latin America. His son, Matthew, is the other co-founder.

Fenwick builds on foundation

When he thinks back to his high-school days 59+ years ago, Tierney cites the overall culture and style of Fenwick: “Its tradition of education and achievement,” he notes. Father Regan had a particularly strong influence over young Paul. “He was the best theology teacher, in my opinion, and made the most sense out of Christianity and Catholicism.”

As a Fenwick student, Tierney remembered Dean of Studies Fr. Jacobs as “approachable.”

Father Jacobs was Fenwick’s Dean of Studies in the late 1950s. “He was approachable,” Tierney recalls, “and talked a lot about [my] interests.” He has fond memories of Latin Teacher Fr. Hren’s invitation-only “Mozarteum” group that featured pizza and music. “For me, it added a level of sophistication to school,” says Tierney, admitting that Gene Autry cowboy songs were about the extent of his play-list genre early in life.

“At Fenwick, I participated in a lot of teams, clubs and activities,” he remembers. The 1960 Blackfriars yearbook lists Tierney as a member of the National Honor Society as well as the golf and debate teams. “Father Conway taught math and coached debate at that time,” he says. “We also competed in oratorical contests,” which is where Tierney developed his capacity to think on his feet, argue, debate and speak in public. He reflects: “These skills have served me well, always.”

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‘Death to Self:’ Bishop Barron’s Calling Began at Fenwick

By John Paulett, Fenwick Theology Teacher

Editor’s note: Monday, January 28, is the feast day of Saint Thomas Aquinas, priest and doctor of the Catholic Church and patron of students.

Three years ago Bishop Barron (left) reconnected with Fr. Thomas Poulsen, O.P., his former teacher at Fenwick.

Readers interested in exploring the excellent videos of Bishop Robert Barron, the recipient of the Lumen Tranquillum Award from Fenwick High School this year, might start with the short presentation he gives on the man he describes as his hero: St. Thomas Aquinas. The bishop explains how it was at Fenwick, when he was 14 years old, that a theology teacher first introduced him to St. Thomas Aquinas. He describes it as a “bell-ringer” event and goes on to explain how it changed the course of his life. He seems to suggest that this seminal moment led him, through the grace of God, into the priesthood.

Besides his description of the encounter in his freshman theology class, there is another deep Fenwick link in Barron’s explanation of Aquinas. He lists three ideas, which he believes characterize the thought and teaching of Thomas. It is interesting to note how closely the three themes he describes resemble three main ideas characteristic of a Fenwick education. Many high schools talk about the “grad at grad,” or what a graduate will know and be. I would suggest that these three concepts, reflective of the teaching of St. Thomas Aquinas, might be a good description of a Fenwick student after four years on Washington Boulevard.

Bishop Barron first explains in the video that Aquinas believed there was one truth. He explains that people of Thomas’s time (we might note of our time as well) often thought there were two truths — scientific and religious. Aquinas refused to accept that. He knew that there could be only one truth. If science and religion seemed to be in conflict, there was a problem in either the scientific or the theological method. More thought and study were required.

‘Dominicans are not afraid of reason; we embrace it.’

Barron calls St. Thomas Aquinas his hero.

At Fenwick, we sometimes express this same idea as, “Don’t leave your brain at the door of the church (or the theology classroom.)” It is a characteristic of Dominican education to apply rigorous study and thought to every aspect of our education, including our religious belief. We are not afraid of reason; we embrace it. We are convinced that reason and critical examination will lead to the Creator, not contradict creation.

And so we teach Fenwick students to question, to wonder, and to apply the lessons they learn from science and philosophy to their faith. Bishop Barron reassures us that Aquinas had no fear of reason. Neither should we.

Radical Humanism

Secondly, Barron describes the Thomistic understanding that we are contingent beings. This is a fancy way of saying that we depend on something else for our existence. That thing that is the First Cause, what does not depend on anything else for its existence, is what we call God. It was this explanation of the Proofs of the Existence of God that first rang the bell of 14-year-old Bob Barron. [A Western Springs resident, he transferred to Benet Academy in Lisle.]

I often say to myself, “There is a God and it is not me.” When we recognize that we are dependent on a power beyond ourselves (12-step programs would call it a Higher Power,) we are on the path to faith. We begin this journey with the destruction of self-centeredness and ego. Christian theology calls it “death to self.” In the gospel of John, Jesus tells us, “Unless a grain of wheat falls into the ground and dies, it remains alone. But if it dies, it produces great fruit.”

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Remembering Arthur T. Dalton, Jr. ’42

Fennwick High School received an early Christmas present in mid-December: a gift from an anonymous donor in the amount of $3 million cash! “This is the first leadership gift toward the second phase of our Centennial Campaign,” praises President Fr. Richard Peddicord, O.P. “The money will be used to help construct the Centennial addition,” Father Peddicord explains, “and the new dining hall will be named for alumnus Arthur Dalton, Jr., who was a proud member of the Friars’ Class of 1942.” Mr. Dalton passed away in 2003 at age 80.

Who was Art Dalton? According to the ’42 Blackfriars yearbook, he was a member of St. Eulalia Parish in Maywood, IL. A versatile student-athlete in high school, Art participated in basketball, boxing and track for three of his four years at Fenwick; he played tennis (doubles) as a junior and senior and tried football and track as a freshman. He also wrote for The Wick student newspaper as a junior and was a member of the Pan-American Club as a senior.

Later in life, Mr. Dalton became a resident of Western Springs, IL. He was a husband and family man: married to Regina (nee Frawley) for 56 years; the couple had four children — Thomas, Cathie, Nancy and Daniel. The latter, a medical doctor, is a parent of three Fenwick graduates: Ryan ’03, Kyle ’05 and Katie ’06. (Art’s younger brother, Ray, also was a Friar: Class of ’44.)

Professionally, Art Dalton was president of Park Corp. of Barrington, IL, and executive vice president of Jewel Food Stores. Civically, he was Chairman of the Board at Westlake Hospital in Melrose Park, IL, and chairman of the Westlake Health Foundation. In his spare time, Dalton also was an avid golfer, with memberships at La Grange Country Club and the PGA National Golf Club in Palm Beach Gardens, Florida.

This $3 million gift made in honor of Dalton matches the largest gift in school history. The new Arthur T. Dalton, Jr. ’42 Dining Hall (see artist’s rendering, below) will be housed within the proposed Centennial Building addition. The new building is estimated to be a $25-million construction initiative that will dramatically expand and enhance the facilities at Fenwick. One of the most visible and beautiful of all spaces within the new building, the dining hall will provide not only a much-needed new dining area and healthier environment for students, but it will also serve as a gathering space for alumni events, board meetings and community social events.

For more information, please go to www.fenwickfriars.com/fenwick2029/.

 

 

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Guest Blog: FRIARS FOR LIFE

A Fenwick father explains why his highly regarded twin daughters — student-athletes Caroline and Cecilia Jenkins ’19 — are staying put at Fenwick instead of transferring to an elite, East Coast prep school.

By Paul Jenkins ’81

Cecilia Jenkins ’19

I can’t tell you how I felt when the call came in. I knew it was coming, and yet I hesitated to pick up the phone when I saw the number in my caller ID. One of the country’s premier boarding schools* was calling to offer my twin daughters scholarships for their senior year. Juniors at Fenwick, they needed only to say ‘yes’ to be carried away into the ivy-covered embrace of East Coast privilege.

They’re hockey players, and the head coach at the prep school had been recruiting them for years.  We’d been to visit the school several times. The coach had come to watch them play in tournaments around the U.S. and Canada. My wife and I had always said ‘no;’ we couldn’t see sending our youngest off to boarding school.

But the truth is, we all love that school. Imagine Hogwarts, filled with students who open every door; who greet every stranger by looking them in the eye and smiling; who almost uniformly go on to elite schools and then achieve greatness in life. Centuries of intellectual and athletic prowess seem to cling to the old stone walls of the place. The list of alumni reads like who’s who of American politics, literature and industry.

And we love the coach. He’s one of the most impressive people we’ve ever known. His athletes and his students adore him. We’d love to have our girls play for him.

I hung up the phone and told them it was official: They’d been tendered an offer and were on their way east. I was proud. I was sort of shocked. I was a little sad. My youngest would be moving away a year early.

But the girls said ‘no.’

Caroline Jenkins ’19

They couldn’t hold back their tears. They choked on those tears and it took both of them, together, to say, “We want to stay at Fenwick.” The floodgates opened:

  • They named teachers they wanted to thank at graduation.
  • They talked about their teammates — both hockey and water polo — and what they wanted to achieve with them as seniors.
  • They talked about classmates, coaches, carpools, dances, school plays, lunch-table discussions, the German Club, the Write Place and all the little things they’d be leaving behind if they took the offer.

All of those things, together, are the Fenwick experience.

I didn’t need to ask if they needed time to think about it.

In half-year’s time (God willing) there will be a couple of twin girls who will earn their diplomas with their classmates in the Fenwick class of 2019.  Their parents will likely continue to reflect on what might have been, but I don’t think they will. They made a mature, informed decision, and they’ve never looked back.

Fenwick is in their blood.

* The Hill School is a coeducational preparatory boarding school located on a 200-acre campus located approximately 35 miles northwest of Philadelphia. Annual tuition is $59,050 (for boarding students) for the 2018-19 academic year.

 

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Setting the Standard for Excellence

High achievements in academics and athletics have been intertwined at Fenwick for 90 years and counting.

By Ray Wicklander, Jr. ’55

Ray Wicklander, Jr., Fenwick Class of 1955

Editor’s note: Mr. Wicklander gave this speech at the Fenwick Athletic Awards ceremony 26 years ago, on November 30, 1992. From Oak Park and Ascension, Ray was a National Honor Society student who played football for four years for the Friars. He also spent two years swimming and on the staff of The Wick.

On a night similar to this, over 60 years ago in the old Morrison Hotel in downtown Chicago, a new upstart high school from Oak Park, called Fenwick, held its first athletic awards night. Over 900 people attended – in the height of the Depression – for two basic reasons:

  1. They were there to give recognition to the accomplishments of the first senior class – with a football record of 6-1 – who established themselves already as a force in the Catholic League.
  2. And to make a statement: that the standard of excellence on which Fenwick was established would always reflect itself in its athletic programs.

That was the beginning of a tradition – one of excellence and leadership that has made Fenwick what it is today.

Historic Night for Female Friars

Tonight we have an equally historic moment. For it is obvious that we are now a new Fenwick, where the Black and White of the Friars is worn by both young women as well as young men. A new tradition of excellence and leadership is beginning right now. And just as at the first athletic awards night, we are here for two reasons: to recognize the accomplishments of these athletes and to make a statement that the new Fenwick is committed to excellence and leadership in our sports.

We know that sports are not the only thing that makes a school great. None of you came to Fenwick only because of its sports program. But Fenwick would not be Fenwick without these programs. In Father Botthof’s words, Fenwick is unabashedly a college preparatory program. But it is also a life preparatory program, where we come to learn the lessons of how to succeed as human beings, as Christians, as parents or spouses or colleagues, no matter what path in life we follow.

Many of the most important lessons do not come from books. Tony Lawless often reminded us: “Don’t let the books get in the way of your education.” It is on the field, on the court, in the pool – it is in competition that we learn to get up if we have been knocked down, where we learn to handle a loss without becoming a loser. It is in competition that we come to be truly honest with ourselves. For we can fool others, even parents and bosses and even some teachers, but we can’t fool our teammates. We learn that with determination and commitment, anything is possible – so the word “limits” really has no meaning.

What It Means to Compete

The ’92 Fenwick Football Team

It is also in competition that we learn that we really don’t do that much on our own, that we need a team and that is what counts. So words like “Loyalty” and “Trust” have a special meaning for athletes. It is in this competition that we form bonds and friendships that are unique and hopefully will last all our lives. These are the lessons, the elements that create the elusive, hard-to-describe reality called School Spirit or Tradition. And it is this spirit that affects everything around you here at Fenwick.

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