Phillips Academy is the oldest incorporated academy in the United States, established in 1778 by Samuel Phillips Jr. His uncle, Dr. John Phillips, later founded Phillips Exeter Academy in 1781. Phillips Academy's endowment stood at just over one billion dollars as of February 2016. Andover is subject to the control of a board of trustees, headed by Amy Falls, who succeeded Peter Currie, business executive and former Netscape Chief Financial Officer, who himself had taken over as president of the Phillips Academy Board of Trustees on July 1, 2012. On December 5, 2019, Dr. Raynard S. Kington, 13th President of Grinnell College, was named the 16th Head of School.
