FY 2018ANNUAL REPORT OPPORTUNITIES IN EDUCATION

2017 2018 As we begin our 20th academic year,

Children’s Scholarship Fund DURING THE LAST SCHOOL YEAR… is thrilled to continue improving the lives CSFB provided Scholarships Every family of low-income families in Baltimore. are partial who received a tuition CSFB scholarship is Your donations helped us send assistance to with families 275 students below the 275 scholars to the schools that best paying a median suit them. As CSFB grows, we are CSFB scholars minimum of income level. All of our families attended $500/year excited to invest and see what is in qualify for free and 41 schools per student reduced lunch programs. store for the future. All students from a family randomly selected from our waiting list are eligible for tuition assistance through eighth grade if the family’s income continues to qualify them for the program. OUR MISSION AND PROGRAM CSFB is Baltimore’s need-based, non-denominational program providing Nationally, 22 CSF affiliates have provided scholarshipsworth low-income Baltimore City families with tuition assistance for their almost $741 million to more than 166,000 students. children to attend K - 8th grade at the school of their choice. CSFB OUTCOMES…

In Baltimore, data from an independent study and our continued follow-up with alumni measure high school graduation rates and college attendance rates of CSFB scholars. We are happy to report these exceptional results!

97.8% HIGH SCHOOL GRADUATION RATE

And post high school…

84% OF OUR STUDENTS ATTEND COLLEGE,

11% ENTER THE MILITARY, AND

4% ENTER THE WORKFORCE.

CSF scholarships demonstrate that a relatively small philanthropic investment – the average scholarship was $1,841 – combined with a contribution from the parent, can provide a private school education and a better chance of graduating from high school and attending college.

“School choice provides equal opportunity and CSFB provides this. We fund devoted parents and guardians who care about their children. Donating to CSFB is a terrific investment in the future of our city and our world and we have the outcomes to prove it!”

— SUZANNA DUVALL, CSFB FOUNDER Lake Clifton High School Reginald F. Lewis High School Largo High School Roland Park Country School Maritime Academy High School Seton Keough Catholic High School 2017-2018 CSFB SCHOOLS… Mercy High School Shenandoah Valley Academy Mergenthaler Vocational School Shoshana S Cardin School Al-Rahmah School Sisters Academy of Baltimore Merit Israel Southwestern High School Archbishop Borders School St. Agnes School Mesivta High School (Boston) St. Francis Academy Bais Yaakov School for Girls St. Casimir Catholic School Milford Mill Academy St. Mary’s High School Baltimore Junior Academy St. Francis of Assisi Milford Mill High School Talmudical Academy of Baltimore B’nos Yisroel of Baltimore St. James & St. John Catholic Mount Saint Joseph High School The Catholic High School of Baltimore Cardinal Shehan Catholic School Elementary School Mt. Zion Baptist High School Carroll Christian School St. Joseph School (Fullerton) Ner Israel Beren High School W.E.B DuBois High School Cheder Chabad St. Mark School Ner Israel Rabbinical College School Waterbury Yeshiva, Connecticut Darchei Noam Montessori St. Michael/St. Clement New Town High School Western High School Friends School of Baltimore Catholic School Notre Dame Preparatory School Yeshiva Telshe Alumni School Greater Grace Christian Academy St. Peter’s Christian Day School Ohr Hameir Seminary of New York Yeshiva Toras Chaim School Greater Youth Christian Academy St. Philip Neri School Our Lady of Mt. Carmel Yeshiva Ohr Yissochor H.O.P.E. Academy St. Ursula School Yeshivas Toras Chaim Holy Angels Catholic School Talmudical Academy of Baltimore Patterson High School Yeshivat Rambam Immaculate Heart of Mary The Boys’ Latin School of Paul Laurence Dunbar High School Yeshiva High of Greater Washington Maryvale Preparatory School The Lamb of God School Pine Forge Academy Mt. Pleasant Christian School The Odyssey School Mt. Zion Baptist School The Unselds’ School Ohr Chadash Academy The Waldorf School of Baltimore CSFB ALUMNI ATTEND THESE COLLEGES AND TRADE SCHOOLS… Our Lady of Victory Torah Institute of Baltimore Rosedale Baptist School Yeshivas Toras Simcha Albright College Mt. St. Mary’s, Maryland School of the Cathedral Anne Arundel Community College Mt. St. Mary’s, New York Arcadia University Newbury College Baltimore City Community College Northwestern University Bais Medrash Toras Chesed Providence College Benedict College Rosemont College CSFB ALUMNI ATTEND THESE HIGH SCHOOLS… Binah Institute Saint Vincent College Bowie State University Sharei Bina Seminary Tzfat Academy for College and Cristo Rey Jesuit High School Brandeis University Stevenson University Career Exploration Digital Harbor High School Catonsville Community College Archbishop Curley High School Talmudical University Archbishop Spalding High School Dunbar High School Cornell University The New School for Drama Bais HaMedrash and Mesivta Edmondson High School Empire School of Beauty Thomas Edison State College of Baltimore Forest Park High School Essex Community College Towson University Bais Yaakov School for Girls Frederick Douglass Senior High School Fashion Institute of Technology UCLA Berkeley Baltimore City College High School Friends School of Baltimore Fortis Colleges and Institute UMBC Concordia Preparatory School Friendship Academy Frostburg State University Baltimore Polytechnic Institute Greensboro College University of Maryland College Park Baltimore School of the Arts Heritage High School Hebrew Theological College University of Maryland Eastern Shore Beth Tfiloh Dahan Community School Immanuel Christian ITT Tech Utica University Bnos Yisroel of Baltimore Independence School Virginia State University Boy’s Latin School of Maryland Institute of Notre Dame Lackawanna College Virginia University of Lynchburg Jemicy School Loyola University of Maryland Wesley College Calvert Hall College High School Kenwood High School Michigan State University Yeshiva Gedolah of Connecticut Civitas High School Kerrim Academy Yeshiva University Henry Franklin James and Paula Schauble, MD Stephen and Janice Kossman Judith and Steven Haines Julia and Kevin Schnupp Donald and Anita Kuritsky DONOR LIST Sarah Holton Katie and Philip Shaw Eta Kushner Richard Jacobs and Pat Lasher Kristine A. Smith Stanley and Ranessa Labovitz We thank you today, but our families are grateful everyday (In honor of Kate Poewll) Lynn Wintriss Jonathan and Belle Libber they send their children to school! Joshua Fund Moshe and Aliza Zirkind Henry and Miriam Lowenthal Joyce and Hugh McCormick Doreen Lowitz Charitable Fund $99 AND UNDER Michelle Nachtman Michelle Malis Sharon Alexander Rafael and Deena Mael Francis McArdle Marina Andrews Christopher Manfuso Neil and Sayra Meyerhoff Sharon Bernstein Sara Milstein $100,000 - $50,001 Kelso Bishop Denise Kitchel Barbara and Rodney Moore Roger Blumenthal, MD Monique Reid and Wendy Post, MD CSF, Inc. Family Foundation Donna and Ernest Kovacs Yehuda and Anne Neuberger Alisa Rock Damian Bohager Davis Family Foundation M&T Bank Eaton Lattman Norcross Fund Scott Rodgville Brian Boles Lockhart Vaughan Charitable Foundation Margaret A. and Dr. Wendy O. Osefo Ahvner Rozwaski Megan Brune Foundation George Roche Robert S. Lawrence, Jr. Arthur Paine Jamila Sams Brad and Crickett Woloson Charitable Gift Fund Christopher Pope Eva Burstyn Tiffanee Sanderson $50,000 - $25,001 Matthew & Christina Wyskiel Sophia Marquez John M. Prugh Caroline Cerand Moshe and Malka Sandhaus Anthony Chiaramonte, III Baltimore Next Generation Family Charitable Gift Fund Howard & Margurite Muller Cynthia Rodgers-Waire Margaret M. Schechter Latoya Cooper Investing Event Angelo Otterbein Catherine Solomon K. V. Scheidt $4,999 - $2,001 Jennifer Cox Clayton Baker Trust John Phelps Ferrier R. Stillman Eli and Ronnie Schlossberg Mike DiBlasio Thomas Wilson Sanitarium 14 W Administrative Schaefer Family Gift Fund Judy and Peter Van Dyke Chaya and Noah Shafran Daniel and Laura Dreibelbis for Children of Baltimore City Services, LLC Caren and Jules Szanton Charles and Claudia Vieth Yakov Shafranovich Theresa Becks Mark Terranova Mr. and Mrs. James Morton Esterson Michael Singer $25,000 - $15,001 Mark and Aimee Fulchino Dan and Krissie Verbic Webster, III Stanley and Renee Fishkind Daniel and Ruchoma Skurnik Rabbi Gershom L Flamm Aegon Transamerica John and Susan Powell Kate Smith $999 - $500 $249 - $100 Avrom and Sandra Friedman Foundation William and Pamela Schlott David Steingroot Murray and Lisa Friedman Allegis Group Foundation Ralph Smith Rabbi Chaim Amster Harry and Batsheva Atlas Isidor and Rochel Strauss Gail and Sol Gerstman Anonymous Katie J. Bishop Thomas Azman David VanHorn Flor Giusti Charles Crane Family $2,000 SCHOLARSHIP Brown Advisory William and Lee Bone Samuel and Ester Wealcatch Moshe and Goldie Glazer Foundation DONORS John Egger Kevin and Heather Buerger Helene Weiss David and Chana Goldman Samuel & Margaret Howard Baetjer, Jr. Gershon Frankel CANUSA Corporation Matthew Whitmer Nehemiah and Gorn Foundation William C. and Mayer Baker Philanthropic Fund Charitable Fund Rebekah and Hayim Zeif Chaya Goldstein T. Rowe Price Foundation Bradley BEEEM Fund Brian and Kristen Graney Stephen and Amy Dassoulas Judah Zellinger Valerie Grays Mark and Kathryn Vaselkiv HCRP Cardio Blast Class John “Wes” Guckert DSS Robert and Donald J Hoelting Mary Davis Daniel Green MATCHING GIFTS $15,000 - $10,000 Jenny Hopkins Fund Elizabeth Della Massing (In honor of Susan Austin Baetjer) Etan and Kayla Gross Abell Foundation Phyllis L. & Leonard J. Linehan Family Foundation Dr. Redonda Miller and Cameron Denton Susan Hammond Amazon Smile Foundation Attman Foundation V.A. Reid Charitable Fund Dr. Albert Polito Michael and Ruth Edidin Scott and Beth Harbinson Network for Good Bunting Family Foundation Daniel and Gay Shackelford Marta and David Mossburg Joseph Flemke Moshe and Mindi Hauer Mimi Cooper Fund at BCF Foundation for the Kevin A. Gaynor Aliza and Ian Hertzmark CSFB is grateful for every $1,999 - $1,000 Gordon and Martha Glenn Herbert and Helen Hexter Jane Egenton/Annie Roberts Preservation and donation we receive from Foundations Sean and Constance Bennett Perpetuation of the Torah Betsey Hobelmann David and Ahuvah Heyman individuals, organizations, Florence Nesh Charitable Trust Berrier Family Fund Roger and Elaine Ralph Blair and Scott Iodice Alexandra Paradise Jewelry Friends of Children’s Ann and Frank Jacob S. Shapiro Foundation Anne A. Jamison Jennifer Jones and businesses. If your name (In honor of Matthew Wyskiel) Nancy Judy Scholarship Fund Cahouet Foundation (At the direction of Jane and is missing, please contact Allan and Claire Jensen Laurence and Sandy Katz Huether-McClelland Carville & Mary Lou Stanley Rodbell) Ari and Shoshana Krupp [email protected]. Foundation Collins Fund Christopher and Lori Summers Rabbi Joseph and Marion Katz Alex Lieske Kate and David Powell Richard and Karen Corcoran, Sr. Van Dyke Family Foundation Robert Killebrew Ofer and Marcie Lurman SunTrust Foundation The Gathering Food Stephen Williams Shmuel Kleiner W Marlow Jr, and P. Farley Venable Foundation Truck Festivals Richard and Avis Kotz Cynthia Meyler WPW Foundation The W. Kyle and Paula H. Gore $499 - $250 Esther and Meir Kraines Mary Page Michel Charitable Fund Deborah Baum Stanley Kraska Isaac Pretter $9,999 - $5,000 Elizabeth Green, Esq. Allison Benson Elizabeth Sandbower Baltimore City Foundation Renee Guckert, Esq. Jonathan E. Bradley Virginia T. Campbell Annie Baetjer Jenkins Christopher D. Brandt Charitable Gift Fund Georgette Kiser Mr. & Mrs. James Case Rick, Alexa, Maeve and David and Allison Clapp Charlotte Corcoran Delaplaine and Wilson Fund JOANNE KNOWS: CELEBRATING 15 YEARS OF SERVICE TO CSFB

Whether you are a parent, student, donor, board member, or anyone else as rewarding as it is to help so many families already, it is frustrating that she connected to CSFB, we are sure Joanne Sanders has touched your life in one cannot help more. “I want to do more” way or another. Her love, dedication, experience, and personal history with she says, “I want to find a way to do CSFB have helped shape the organization into what it is today. This year, we something further like pay book fees or th for after school care.” Joanne is always celebrated Joanne’s 15 year of service, and could not be more grateful for looking for ways to go that extra mile, her contribution to our community. and it is her passion for her work that makes her presence so valuable to the Joanne first began as a volunteer Joanne wants donors to know that families we serve. through a connection with our founder “when they donate to CSFB, they aren’t Suzanna Duvall. Joanne recalls Suzanna just helping a single family, they are In the future, Joanne has high hopes that aren’t important. We should be always saying that she “worked like helping to change the culture of the for CSFB, and wants to see it expand. spending more time loving each other.” she was getting paid.” Suzanna initially entire community through education.” Her vision would be for the organization Joanne has a lot of love to give, and it told Joanne that if she got her drivers to fund 500 students consistently is very evident in her work. Joanne shares that she truly enjoys license she would hire her so she every year and to expand to serve every part of the job, but especially CSFB congratulates Joanne on could eventually buy a car. Joanne high school. meeting and talking to parents. She her extraordinary dedication to the took this suggestion and moved ahead finds it inspiring to learn of their “I’ve learned that no matter what color organization and her 15 years of quickly to secure her license. At first, sacrifices on behalf of their children. our skin is, we go through the same service! she was paid a modest stipend for her “I could do this job for free, I would things.” She says that through this job, work. In a matter of months, Joanne P.S. Ms. Sanders completed her Bachelor do this job for free.” she has learned that people all basically formally became part of CSFB. Her of Science degree in May 2018. have the same issues, and in simple initial duties included calling parents, One of the things Mrs. Sanders values ways need to connect and be heard. filing paperwork, and working to input most about the organization is that Another lesson she has learned is that information into the database. although CSFB gives funds away, they “society wastes time on constructs do not make the recipients feel like they One moment stands out to Joanne as are “less than.” One favorite memory pivotal in furthering her career. There involves a mother who explaining how was a day where Susanna was out much she liked how people at CSFB of the office and someone called. treated her even though they were Joanne was the only person available giving something to her. She felt that to answer the phone and had to help Q&A WITH MS. SANDERS “CSFB did not treat her like they were this man out on her own. That same giving a handout.” man called a few weeks later and Q: What is your guilty pleasure? Q: What type of music do you listen to? raved about “the girl he spoke to on Joanne’s favorite time of the year is A: Crab cakes A: Everything - gospel, Chase Rice, the phone” saying how helpful she Meghan Trainor the spring when families must submit Q: What is your biggest pet peeve? had been and that she should be paperwork to continue to qualify for the A: When people represent themselves Q: Do you have any animals? hired. This praise encouraged and program and when new families are in a way that is not authentic A: Two cats: Reese’s Cup and Luke empowered Joanne and helped her coming into the program for the first Q: What is something quirky about Q: What is something fun you like to sustain the organization through time. It is satisfying to see everything you that no one would know? do with your daughters? administrative changes and serving fall into place. This is also a time she A: I collect songs from commercials A: They have recently been showing parents and schools who have an can see how CSFB funding comes me all these funny things to do Q: What are some of your hobbies? integral connection with CSFB. with snapchat alive and into action. She shares that A: Reading, CNN news and watching tennis FUND THE FUTURE CAMPAIGN CSFB continued its three-year campaign to raise $1 million beyond the annual fundraising goal. Fund the Future will ensure CSFB has adequate funding for scholarships at the beginning of each school year, rather than at the end. This initiative will allow families to learn of their scholarships a full year before the school session starts — giving parents ample time to find the right school for their children and secure their personal tuition contribution, which is required under our program.

CAMPAIGN CHAIRS TOM KELSO AND DORI BISHOP CONTINUE TO LEAD OUR EFFORTS to date, the campaign has received more than $960,000 in funding and pledges.

At an event held at the Baltimore Country Club, we heard from and visited with our founder, Suzanna Duvall, several founding trustees and alumnus Joe Flemke, whose mother and grandmother traded cleaning services, so he could attend the Sacred Heart of Mary. Joe graduated from high school, attended college and now works as an Advanced Systems Engineer at General Dynamics Mission Systems.

“If you invest in youth, it will come back to you.” — JOE FLEMKE, CSFB ALUMNUS

Incredibly, Joe became a first-time donor to CSFB. His gift serves as an inspiration to us all and reminds us that each of us can change the trajectory of a child’s life through the gift of a great education.

WE ARE SO GRATEFUL FOR OUR FUND THE FUTURE SUPPORTERS TO DATE:

Anonymous The W. Kyle and Paula H. John and Joanne Phelps “CSFB donors gave my sons E.J. and Barbara Brody Gore Charitable Fund Kate and David Powell Rick Corcoran, Jr. William and Maureen Jones John and Susan Powell opportunity and opened their eyes CSF, Inc. Kelso Bishop John and Nancy Sandbower to a world they might not have seen. Clayton Baker Trust Family Foundation Bill and Pam Schlott Davis Family Foundation Andrew Klein Family Trust WPW Foundation Their education became an asset DLA Piper LLP Colleen Kline Matthew W. Wyskiel, III instead of a liability.” Fancy Hill Foundation Lockhart Vaughan France- Merrick Foundation Foundation — MICHELLE ALSTON, CSFB PARENT Gary T. Gill Dr. Wendy O. Osefo

BALTIMORE NEXT GENERATION SIPS FOR SCHOLARSHIPS: INVESTING EVENT SHAKER SHOWDOWN

The 2017 Baltimore Next Generation Investing Event EDITION showcased premier investors who presented their On February 8, 2018 Children’s Scholarship Fund top equity investment ideas of the moment. Baltimore held its annual Sips for Scholarships event: This unique event featured speakers who Shaker Showdown Edition. A collaborative community rarely share their specific stock ideas in a event, Sips for Scholarships promoted “celebrity public forum. These successful world-class bartenders” who donated their time and created investors agreed to speak because the proceeds innovative cocktails to garner votes from attendees from the event go to four Baltimore non-profit who voted for their favorite concoction. This year’s organizations that help improve educational choices event featured bartenders from three great bar/ for local children: Children’s Scholarship Fund Baltimore, restaurants. Ticket sales, tips and sponsorships Southwest Baltimore Charter School, KIPP: Baltimore and Next One Up. generated over $3,000 allowing CSFB to fund one 2017 SPEAKERS and a half full year scholarships for low income Kris Jenner, Co-Founder and Managing Director of Rock Springs Capital Baltimore families. Bill Miller, Founder, Chairman, and CIO of Miller Value Partners Thank you to 14 West, Modern Cook Shop and Old Line Bertie Thomson, Portfolio Manager at Brown Advisory for sponsoring and hosting the event. Jeff Rottinghaus, Portfolio Manager and Vice President at T. Rowe Price

Save the Date to attend the 2018 event on Thursday, November 15, 2018 at a new location - the World Trade Center Baltimore.

For more information visit www.NextGenInvesting.org FINANCIALS JULY 2017 - JUNE 2018 THE GATHERING – FABULOUS FOOD, MARVELOUS MUSIC, SUPPORTING REVENUE $ 732,256 Grants $ 436,584 SCHOLARSHIPS Individual Gifts $ 145,193 Children’s Scholarship Fund New York $ 100,000 The Gathering Food Truck events in Baltimore continue Events $ 50,479 to support Children’s Scholarship Fund Baltimore donating a percentage from each event to fund EXPENSES $ 723,325 our mission. Program Services $ 556,207 Thanks to founder Damian Bohager for his continued Management $ 60,016 support of our work. Fundraising $ 107,102

SURPLUS $ 8,931

CSFB audited financials are available upon request. CSFB BOARD OF TRUSTEES 2017-2018

Kate Rawson Powell CHAIR Beth Hehir Prevision Policy LLC M&T Bank

Matthew W. Wyskiel TREASURER Sophia Marquez Skill Capital Management Venable, LLP

Rick Corcoran, Jr. SECRETARY Elizabeth Della Massing Slate Capital Group Agora Publishing Group Rabbi Chaim Amster Dr. Wendy O. Osefo B’nos Yisroel of Baltimore Johns Hopkins School of Education Carville B. Collins, Esq. Jamila Sams DLA Piper LLP Go to Ms. Sams Valerie Grays Mark Terranova Baltimore City Community College August Jackson Elizabeth Green, Esq. PK Law Renee Guckert, Esq. Renee Guckert Law

CSFB ADVISORY BOARD

Raymond A. Mason HONORARY CHAIRMAN Suzanna Duvall Dr. Howard Baetjer, Jr. CHAIRMAN EMERITUS Robert D. Hopkins Edwin J. Bradley, Jr. Marta Hummel Mossburg James C. Davis

CSFB STAFF

Beth Sandbower Harbinson EXECUTIVE DIRECTOR Joanne Sanders PROGRAM ADMINISTRATOR

1000 St. Paul Street • Baltimore, MD 21202 tel 410.243.2510 www.csfbaltimore.org