Mission Minded
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REPORT ON PHILANTHROPY 2019–2020 MISSION MINDED PD community supports Loaves & Fishes in a three day drive to provide groceries for 4,500 families in need SCHOOL MISSION Providence Day School exists to inspire in its students a passion for learning, a commitment to personal integrity and a sense of social responsibility. 2020-2021 INSTITUTIONAL ADVANCEMENT TEAM Lynette M. Allison Suzanne DeGeorge Kathy Hess Director of Development Administrative Assistant Database Manager Jeffrey S. Appel Jen Duvall Sean Johnson Associate Head of School for Web and Digital Content Manager Creative Services Manager Institutional Advancement Leigh Dyer ’88 Sara Riggsby Meggan Barber Director, Strategic Marketing Communications Manager Director of Annual Fund & Communications Kacie Sullivan Steve Bondurant ’98 Rachel Ellis Director of Advancement Services Director of Alumni Relations Associate Director of Development pg. 2 TABLE OF CONTENTS Board of Trustees and Advisors ............ 2 From the Head of School ...................... 3 Enrollment at a Glance ......................... 4 Financials at a Glance .......................... 6 Donor Honor Rolls ................................ 9 Endowments ...................................... 28 Annual Fund ...................................... 34 Alumni ............................................... 46 Parents’ Association ........................... 54 Charger Club ...................................... 56 Tributes ............................................. 64 In compiling this report, every effort was made to ensure that it is accurate and complete. Please contact the Institutional Advancement Office at 704-887-6016 if there are any questions or errors that should be noted, and please accept our sincere apologies. REPORT ON PHILANTHROPY 2019–2020 pg. 3 2019–2020 BOARD OF TRUSTEES Providence Day School’s Board of Trustees serve as stewards of the school who hold “in trust” its mission and reputation. As such, Trustees accept the obligation to not only preserve but also to advance the institution. Their work begins with the fiduciary expectations of duty (due diligence on financials), care (executing decisions by prudent standards), and obedience (to laws and bylaws). Beyond these duties, Trustees focus on policies and strategies that are future-focused, leaving daily operations to the Head of School, whom they select. The Board utilizes several committees to study and assess in depth the needs, activities, and performance of the school and to make recommendations when planning, developing, and establishing policy. Dr. Christopher R. Mullis ’90, Chair Mrs. Kelly R. Brooks Mr. William R. Lorenz current parent ’21, ’23 alumni parent ’12, ’14 Mr. Wyatt L. Smith, Vice Chair current parent ’20 Mr. Richard K. Brown Mr. Reginald L. Love ’00 alumni parent ’19 alumni parent ’15 Mr. James J. Ratchford, III Mrs. Kimberly I. Paulk, Treasurer Dr. Abigail S. Caudle ’92 current parent ’20 current parent ’21 alumni parent ’11, ’14 Mr. Kieth Cockrell Mrs. Monique L. Allen, Secretary alumni parent ’15, ’16 Mrs. Lynn Nesta Reeves ’86 current parent ’22 alumni parent ’18 Mr. Mohammad Daher Mr. Thomas Seddon current parent ’27, ’32 current parent ’20 Mr. William C. Blank alumni parent ’17 current parent ’29 Rev. Matthew F. Heyd ’88 alumni parent ’16, ’19 Mr. Robert C. Ziegler Ms. Joy M. Hord current parent ’20, ’23, ’24 current parent ’21, ’23 2019–2020 BOARD OF ADVISORS Initiated in 1997, the Providence Day School Board of Advisors serves as a link between the PD community and the PD administration. The Board of Advisors comprises current parents, alumni parents, and alumni. Members are active supporters of PD through their gifts of time, talent, and resources. With a focus on strategic issues, the Board of Advisors assists the school in identifying new opportunities for growth and improvement. The Board of Advisors also provides PD with a clear understanding of the external environment in which the school operates, and helps to identify key stakeholder and potential partners to help PD achieve its strategic goals. Mr. Brooks F. Aker ’10 Mr. Mathew Flatow Mr. Srinivas Mannava Mr. Scott C. Taylor Mr. Tareq Amin Mr. Hector D. Geribon Mrs. Andrea M. McGrath Mr. James D. Wilson, Jr. Mr. Colby C. Anderson ’07 Mr. Christian J. Gibson ’10 Mr. and Mrs. Matthew A. Moore Mr. Jeffrey Yu Mrs. Amy C. Andrews Ms. Maggie E. Gigler ’10 Mrs. Sarah S. O’Malley Mr. Edward Yu Mrs. Carrie R. Baker Mr. Chad M. Hagler Mrs. Stacie Z. Peroulas Mr. Aaron A. Zucker ’07 Mr. Craig R. Baldauf Mrs. Courtney C. Hamlett Dr. Mohan V. Pillai Mr. Raja Bose Mr. Adrian K. Hee Mr. Christopher S. Rosbrook Mr. Daniel W. Caldwell Mrs. Rachel Kazanjian Heneghan ’93 Mr. Brian Rubenstein Dr. Paul D. Colavita ’00 Mrs. Rebecca M. Klepser Mrs. Stacey C. Rutherford Mrs. Dima Daher Mr. Laurent Longin Mr. Peter J. Ryan Mr. Nicholas J. De May ’09 Mr. James E. Lozier, Jr. Dr. Aditi Sharma Mr. Alex Degernes ’05 Mrs. Carla C. Manna Mr. Stephen M. Smith ’00 pg. 2 FROM THE HEAD OF SCHOOL Dear Providence Day supporters: I write to you regarding a year like no other in the history of Providence Day or the world itself. In the face of previously unimaginable trials, our faculty, staff, students, and community have pulled together as never before. Despite this disruption and uncertainty, I’m pleased to report that our community raised more than $2.8 million in support of our annual giving, capital and endowment programs. Our decision to suspend plans for our Giving Day and additional solicitations played a major role in our Annual Fund coming shy of our goal of $1,425,000. However, we continued our tradition of 100% faculty and staff participation, and with our alumni participation coming in above the national average at 10.3 percent, we finished the fiscal year strong. One of the proudest moments in my career occurred as we knew Charlotte families were in need, and our Providence Day community came together to support Loaves & Fishes with overwhelming support: • PD parents, alumni parents, alumni, grandparents, faculty, and staff raised over $150,000 during our three-day campaign. • Boxes of food were stacked floor to ceiling, capable of feeding 4,500 families. We have also witnessed our community living out our mission of social responsibility by providing 3-D printed face shields and other support to our frontline professionals, as well as continuing our volunteer and financial support of our Children’s Defense Fund Freedom School program over the summer. In another positive milestone for the year, our endowment surpassed $15.8 million, allowing us to provide critical resources to support teaching and learning at Providence Day. All efforts combined, our overall parent participation in giving closed the year at 73 percent which is also above the national average. Heading into a new school year with unprecedented investment in our facilities, safety, and health, our position is strong. And speaking of milestones, we are experiencing another with the 50th anniversary this year. We have engaged in community- wide reflection on the history of our school, as well as the journey we have undergone to become a leader in academic excellence. Now more than ever, we are looking toward building a better future for all. We hope you’ll visit the website www.pd50th.com to see more about how we are marking this historic event. We continue to be grateful for the support of our PD family. We could not be here without each and every one of you. We’re all in this together, and we look forward to forging our path through a new year with you. Cheers, Dr. Glyn Cowlishaw REPORT ON PHILANTHROPY 2019–2020 pg. 3 ENROLLMENT AT A GLANCE Admissions activity and statistics for the 2019-2020 academic year These figures represent students who participated in the 2019-2020 admissions process, matriculating in the fall of 2019. Admissions Statistics Student Distribution Student Demographics 1,260 Inquiries (Total Students: 1,663) 29% Students of Color (486) 731 Applications TK – 42 6th – 153 <1% International Students (11) 287 Newly Enrolled K –108 7th – 151 5% Alumni Legacies (87 students, 65 families) 1st – 89 8th – 151 42% Families with More than One Child Enrolled (496) New and Returning Students 2nd – 98 9th – 161 287 New Students 3rd – 101 10th – 156 Number of Families (1,168) 1,450 Returning Students 4th – 103 11th – 151 Students Receiving Financial Aid 270 1,737 Total Students 5th – 127 12th – 146 Total Financial Aid Awarded ($4,420,556) Average Grant ($16,433) Faculty 218 Faculty Members Students of Color (29% of Total Students) <1% International <1% Pacific Islander 1% Native American 1% Middle Eastern 3% Hispanic / Latino 8% American African American 6% Multiracial 9% Asian American pg. 4 ETHNIC COMPOSITION OF STUDENTS OF COLOR ’13-14 ’14-15 ’15-16 ’16-17 ’17-18 ’18-19 ’19-20 African American Asian American Latino/Hispanic Middle Eastern Multiracial American Native American Pacific Islander PD % 22.50% 21.80% 24.90% 24.90% 25.60% 25.90% 28.70% INDEX* Median % 25.50% 29.90% 27.00% 27.80% Note: 6-8% of our families choose not to report each year *INDEX (Independent School Data Exchange) members are approximately 150 leading independent schools across the United States. REPORT ON PHILANTHROPY 2019–2020 pg. 5 FINANCIALS AT A GLANCE 2019–2020 total fundraising from all sources* $1,142,778 + $1,349,697 + $355,795 Capital and Endowment Annual Fund Other = $2,848,270 Total $45,281,000 Total Budget REVENUE EXPENSES 95.6% 71.7% Gross Tuition Faculty / Staff Salaries & Benefits 10.3% 2.6% Technology Financial Aid 0.9% Other Income & Fees 3.2% 3.2% General and Annual Fund 0.3% Endowment Administrative 4.2% Debt Service 8% Plant Operations Philanthropic Giving 2014- 2015 $4,903,348 2014–2020** 2015- 2016 $5,641,390 During the Charging Forward Campaign (2013-2018), Providence 2016- 2017 $4,396,073 Day raised more than $27.8 million to support capital projects, endowment, 2017-2018 $4,910,412 and Annual Fund.