Catholic Schools Foundation Inc.

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Boston, MA 211 (617) 778-5981 Website www.csfboston.

1 Catholic Schools Foundation Inc. General Information 26 Franklin Street, Suite 63 Boston, MA 211 (617) Website Organization Contact Naila Asif Year of Incorporation

2 Statements & Search Criteria Mission Statement The Catholic Schools Foundation changes lives by providing families with demonstrated financial need an opportunity to give their sons and daughters a quality education, focused on Christian values and character formation at Catholic Schools located throughout the Archdiocese of Boston, regardless of race, religion, ethnicity or gender. Background Statement In 1983, Most Reverend Thomas V. Daily and Paul J. Birmingham established the St. Anthony's Scholarship Fund to raise money to assist needy students with tuition assistance to Catholic schools. This organization was later incorporated in 1989 as the Catholic Schools Foundation and shortly thereafter, our signature program, the Inner City Scholarship Fund (ICSF) was born. Today, over twenty years later, CSF has expanded thirty-fold with the support of donors and active members from all sections of the community - business, academia, private and religious. Impact Statement Accomplishments in the Last Five Years Over 5 students receiving scholarship support annually Over 35 students receiving direct support to address non-academic barriers to learning Over 11 teachers trained integrating technology into the curriculum through a partnership with Boston College Over $6, raised in Matching Gifts by schools through CSF Challenge Grants 259 Hispanic students enrolled in Catholic schools through the Hispanic Recruitment Initiative Current Goals for the Fiscal Year Implement student tracking system to demonstrate long-term outcomes Increase number of scholarship recipients Enhance application process to focus on academic, financial and governance metrics Develop programs to address issues relative to performance in the above areas Develop programs to assist schools with fundraising and marketing Needs Statement 1. Implementation of student tracking system - $25, This will better demonstrate student progress and outcomes to help determine how to focus funding. 2. Expansion of the Hispanic Recruitment program to serve more of this at-risk population - $25, 25% of Hispanic students in MA don t finish high school. If we can get these students into Catholic schools we know that we can better their educational outcomes and provide them a solid foundation. 3. Implementation of the Catholic Schools Admissions Collaborative - $15, Catholic schools run at extremely low cost and therefore most do not have the resources to attract and enroll students. The net effect is that students who most need this opportunity are unaware of it. At the same time, families who could pay the tuition do not think of it as an option. 4. Expansion of the CSF Counseling program- $$1, Provides funding for two schools to implement a program that connects at-risk children with a set of prevention, intervention, and enrichment services to provide for the social, emotional, and spiritual needs of young people. 5. Programs to integrate technology into the curriculum - $125, Technology is only useful if teachers make it part of the curriculum. 2

3 CEO/Executive Director Statement As the largest school system in Massachusetts outside of the City of Boston, 45, young people from all faiths are benefitting each day from a quality education in environments that nurture each child s unique spirit. What goes on in Catholic schools tremendously impacts the outcomes of students and families and shapes their trajectory in life. With over 7% of families supported by the CSF living below the poverty level, you would expect lower educational outcomes, but this is not the case. Our schools boast a 98% high school graduation rate. Years ago these schools were free, staffed by sisters, priests and brothers, today tuition is necessary. Although modest, averaging $3,8 at the elementary level, still out of reach for many families. Our work bridges that gap. t only is this good for the students and families, but this is good for cities and towns. If Catholic schools were to go away, it would cost tax payers an estimated $5,, in additional taxes each year and overwhelm and already stressed system. In short, Catholic schools work for the students they serve and our community in general. 3

4 Board Chair Statement Launched in 1983 as the St. Anthony Fund the Catholic Schools Foundation (CSF) annually provides scholarships to over 5, inner city students to attend Catholic parochial or high school within the Archdiocese of Boston. These scholarships are awarded to needy students regardless of faith. The Foundation s reach is incredibly broad, as scholarships are spread out over 81 schools throughout eastern Massachusetts. Understanding that successfully educating inner city students requires more than just a seat in a classroom, CSF distributes nearly $2 million annually in program support to these schools, ensuring that students have the benefit of advanced educational technology, highly qualified faculty and staff, and counseling as needed. Catholic schools in general represent a critical and successful educational platform which demonstrates nearly unprecedented success in achieving positive outcomes. Currently 42, students are educated in Archdiocesan Catholic schools these students achieve a 98% college acceptance rate with dropouts rare - all of this at no cost to tax-payers. In short, investing in Catholic education through the Catholic Schools Foundation not only benefits the recipients and their families, but serves the public good as well. Without these schools, it is estimated that it would cost Massachusetts taxpayers approximately $5,, annually and further stress the public schools system. While the numbers are impressive, the CSF is dedicated to building minds and changing lives, so it all comes down to the personal impact that is made on these young people, the vast majority of whom would otherwise be at risk. I continue to commit myself to this organization because of the way that I have personally seen the extent to which we are changing students lives and helping them and their families to achieve the American dream of making each generation better than that which preceded it. There are countless inspirational accounts about how Foundation has transformed lives and the story of Fortune Kalala is one such example. Fortune was born in the Democratic Republic of the Congo, and spent his childhood fleeing civil war and rebellion throughout the Congo, Zambia and Mozambique. He and his family spent the first 1 years of his life living in several different refugee camps. In addition to never attending school on a regular basis, he often awoke to gunfire and went days without food. When Fortune was 11 his family had saved enough money to be able to move to the United States, settling in Lawrence, MA. Fortune struggled in the 7th and the 8th grade, always studying late into the night in order to learn English. In the 8th grade, Fortune applied to Central Catholic High School (CCHS), and with assistance from the donors of the Catholic Schools Foundation was accepted. Fortune, then a senior at CCHS, was selected to be the keynote speaker at the CSF Annual Dinner. He told the 9 guests gathered that night about how he was born into a war torn country, how his parents saved the family by bringing them to the United States, how he struggled in the 7 th grade since he spoke very little English. He spoke of how hard he studied, how he got accepted to Central Catholic and how nervous he had been to attend high school. Fortune then told the guests about making the honor roll every semester and how it felt to be elected captain of the Varsity Football Team. He talked about his school principal, his teachers and his friends. He then announced that he will attend Stonehill College, and plans to become an orthopedic surgeon. The crowd was hanging on Fortune s every word. It was apparent to everyone how Fortune was destined for greatness. Fortune ended his speech with a heartfelt thank you to the donors of the Catholic Schools Foundation. He said, I have been very blessed by the opportunity that you have given to me and my family, and to so many others, to be able to attend a Catholic school. I truly believe that my family s story was never about good luck nor did we do it alone. I am standing here tonight because I believe that God is working through you and the generosity that is in your hearts. Catholic Education changed Fortune s life. The scholarship he received put him on a new life path. This is why I support the Catholic Schools Foundation. 4

5 Service Categories Elementary & Secondary Schools Geographic Areas Served Archdiocese of Boston Please review online profile for full list of selected areas served. 5

6 Programs CSF Scholars Description The Catholic Schools Foundation (CSF) Scholars program was established in 211 to more directly connect high school students who receive CSF funds to CSF and its donors. CSF Scholars are selected by Catholic high schools in the Archdiocese of Boston upon their acceptance to the school. Students must have a demonstrated financial need, a passing grade point average (GPA), and good conduct. In order to keep the pipeline between Catholic elementary and high schools alive, preference for selection as a CSF Scholar is given to students coming from Catholic elementary schools. In addition, in the spirit of the original mission of Catholic education preference is also given to students who are new immigrants to the United States. Students are awarded a scholarship equal to 3% of their tuition, and are guaranteed this scholarship fortheir entire four years of high school provided they remain enrolled in their current high school; maintain their financial need, passing GPAs, and good conduct each year; and their families remains up to date on their portion of the tuition, The Class of 215 just completed their ninth grade year at 3 Catholic high schools throughout the Archdiocese. On Thursday May 3, 212 at a Mass at the Cathedral of the Holy Cross celebrated by Cardinal Cardinal Sean O Malley, over 17 students in the Class of 216 were welcomed as the new class of CSF Scholars. This brings the total number of students in both classes to over 34. In speaking of her newest CSF Scholars, Mary Ellen Barnes, the Head of School at Fontbonne Academy in Milton said, The CSF Scholars program has been a huge benefit to Fontbonne and these students. Truly, without the funding from this program these young women would not have been able to enroll at our school. Budget Category Population Served Program Short Term Success Program Long term Success Education, General/Other Elementary & Secondary Education K-12 (5-19 years), Poor,Economically Disadvantaged,Indigent, 1% of the Class of 215 CSF Scholars will be accepted into college. The current 342 CSF Scholars will be tracked as they progress through their four years of high school. The ultimate goal is that 1% of the students will enroll in a college or post-secondary program (i.e. military service) and successfully complete the program within a timely manner. Ideally, 1% of these students will then be gainfully employed and out of the at-risk situation many are currently in. 6

7 Program Success Monitored By Currently tracking yearly grade point averages, test scores (High School Placement, PSA, etc.), and activities for each CSF Scholar. Examples of Program Success We currently have data for one year and one class (Class of 215) but the impact of the Catholic high school environment is already clear. At one school, the average GPA of the CSF Scholars is 2.55 despite the fact that almost 85% of the students scored at or below the 5 th percentile on the High School Placement Test. This is a tribute to the learning environment and academic support system of the school. Program Comments CEO Comments Tuition is the primary driver for Catholic schools and the economic downturn has put this incredible opportunity out of reach for many families. Beyond increasing fundraising, we are looking to lever our resources in ways that gain efficiencies in the schools and help the take advantage of their own internal capacity. Additionally, we must do a better job of tracking students one-to-one in order to best demonstrate outcomes to our donors while also building a pipeline of future funders. 7

8 Management CEO/Executive Director Executive Director Term Start v 26 Mr. Michael Reardon mreardon@csfboston.org Experience Prior to joining the Catholic Schools Foundation, Mike Reardon was the Vice President for Institutional Advancement at Boston College High School. As Vice President, he restructured the advancement program, increased annual giving by 6%, launched a $4,, Capital campaign, rebranded organizational print and web collateral, and institutionalized communication and planned giving efforts. He began his career at Canisius High School in Buffalo, NY. After Buffalo, Mike worked as a lecture agent in Washington, DC before making his way back to Boston. He has his BA from Fairfield University. Staff Information Full Time Staff Part Time Staff Volunteers Contractors 7 1 Staff Demographics - Ethnicity African American/Black Asian American/Pacific Islander Caucasian 8 Hispanic/Latino Native American/American Indian Other 1 Staff Demographics - Gender Male Female Unspecified 1 7 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Annually 8

9 Senior Management Formal Evaluation Frequency nmanagement Formal Evaluation n Management Formal Evaluation Frequency Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Does your organization have a Business Continuity of Operations Plan? Management Succession Plan? Organization Policy and Procedures ndiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy Is your organization licensed by the Government? Collaborations Awards Awards Award/Recognition Organization Year Foundaion of the Year ACAAP 213 9

10 Board & Governance Board Chair Board Chair Most Reverend Sean Cardinal O'Malley Company Affiliation Roman Catholic Archdiocese of Boston Term July 23 to Board Members Name Affiliation Status Mr. Paul J. Birmingham Realtor Voting mr. Robert N. Cunjak Sankaty Advisors and Bain Capital Voting Mr. R. J. Dourney Hearthstone Associates, LLC Voting Mr. John R. Eriksen leadership Roundtable Mrs. Kathryn M. Everett The Lynch Foundation Voting Mr. Brian J. Gallagher Deloitte Voting Mr. Richard J. Henken Schochet Associates, Inc. Voting Msgr. Francis H. Kelley Archdiocese of Boston Voting Mr. Daniel K. Kingsbury Pioneer Investment Management USA Voting Mrs. Christine T. Komola Staples Incorporated Voting Mr. William J. LaPoint Halpern, Denny & Company Voting Mr. Peter S. Lynch Fidelity Investments Voting Mr. John P. McDonough T2 Biosystems Voting Mr. James F. Mooney Jr. The Baupost Group LLC Voting Mr. William S. Mosakowski Public Consulting Group Voting Reverend Paul B. O'Brien Saint Patrick Parish Voting Mr. Jack D. O'Connor O'Connor Studios Voting Most Reverend Sean Cardinal O'Malley Archdiocese of Boston Voting Mr. Steven R. Principe Morgan Stanley Voting Mr. John J. Regan Esq WilmerHale Voting Mr. John J. Remondi Fidelity Investments Voting Mr. Michael F. Rogers State Street Corporation Voting Mrs. Natalie Sanders Self employed Voting Ms. Eileen C. Shapiro The Hillcrest Group Voting Mr. Craig M. Tateronis Prince Lobel Tye LLP Voting Board Demographics - Ethnicity African American/Black Asian American/Pacific Islander 1

11 Caucasian 24 Hispanic/Latino Native American/American Indian Other 1 Board Demographics - Gender Male Female Unspecified 21 4 Board Information Board Term Lengths Board Term Limits Number of Full Board Meetings Annually Board Meeting Attendance % Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Percentage Making In-Kind Contributions Constituency Includes Client Representation % 1% 1% Standing Committees Audit Finance Investment minating By-laws Development / Fund Development / Fund Raising / Grant Writing / Major Gifts 11

12 Financials Fiscal Year Fiscal Year Start July 1, 214 Fiscal Year End June 3, 215 Projected Revenue $8,,. Projected Expenses $1,,. Endowment? Endowment Value $63. Spending Policy Percentage Percentage 4% Credit Line? Reserve Fund? Months Reserve Fund Covers 12 Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $1,964,916 $8,35,864 $18,217,23 Total Expenses $9,592,93 $9,621,272 $8,47,552 Revenue Sources Fiscal Year Foundation and Corporation Contributions Government Contributions $ $ $ Federal State Local Unspecified $ Individual Contributions $5,63,65 $8,31,49 $8,239,329 Indirect Public Support $ Earned Revenue $ Investment Income, Net of Losses $2,423,89 $4,815 $9,977,694 Membership Dues $ Special Events $2,67, Revenue In-Kind Other $33,

13 Expense Allocation Fiscal Year Program Expense $8,579,15 $8,586,17 $7,363,642 Administration Expense $598,33 $457,82 $448,321 Fundraising Expense $415,765 $577,453 $658,589 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 89% 89% 87% Fundraising Expense/Contributed Revenue 5% 7% 8% Assets and Liabilities Fiscal Year Total Assets $61,982,247 $57,168,8 $57,796,416 Current Assets $6,624,455 $4,253,785 $3,148,126 Long-Term Liabilities $ $6,23,77 $5,66,616 Current Liabilities $6,695,963 $163,68 $98,737 Total Net Assets $55,286,284 $5,775,655 $52,91,63 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets % 11% 1% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? Capital Campaign Anticipated in Next 5 Years? Comments CEO Comments CSF enjoys a strong financial position due to years of solid fiscal management and Board oversight. The result was weathering FY9 with limited negative impact on students and families and still being able to maintain a strong balance sheet. The challenge and opportunity in years to come will be to how best leverage the strength of the balance sheet to effect change. Foundation Staff Comments Financial summary data in charts and graphs are per the organization's audited financials for FY 212 & FY211 with data for FY 213 from the form 99. Contributions from foundations and corporations are listed under individuals when the breakout was not available. Created Copyright 218 The Boston Foundation 13

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