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2012 Annual Report

2012 Annual Report

2012 annual report

Opening the door to greater educational opportunities since 1963.

50TH ANNIVERSARY Letter from the president & Board Chair

In 1963, at the height of the civil rights movement, 23 headmasters of selective independent schools made a mutual commitment to change the profiles and compositions of their student bodies. Through A Better Chance, they would broaden their enrollment to include students of color who were academically able but economically disadvantaged. Chosen for their motivation and demonstrated achievement, 55 students from low-income families were selected to complete their secondary at these founding independent schools. And today in 2013, as we celebrate our 50th anniversary, we remain committed to launching talented students on the path to leadership by providing access to outstanding educational opportunities. In 2012, we helped 543 students gain admission to more than 300 of this nation’s most rigorous boarding, day and public schools. We also offered academic and enrichment programs including New Scholar Orientation, career development workshops and international travel and study opportunities for the Scholars enrolled in A Better Chance Member Schools. In Sandra E. Timmons the summer, we took Scholars on a week-long tour of some of the most selective colleges and universities in the country, further preparing them for continued academic and professional success after high school. Our more than 13,000 Alumni, who are the legacy of A Better Chance, continue to pass forward the opportunities they received through their generous contributions of time, talent and resources. For the third straight year, the Pass It Forward Alumni fund exceeded its goal for Alumni giving. Our Alumni have also come out in record numbers for volunteer opportunities. While we look forward to celebrating our 50th anniversary milestone, we recognize the continued relevance and urgency of our mission. Now is the time to be bold in our efforts to fill the pipeline of leaders of color in this country. By 2050, it is predicted that the non-white population will become the majority in the , yet even today the composition of our leadership in business, government, medicine and other fields is far from a proportionate representation of the population at large. There is an absence of a self-sustaining leadership pipeline for people of color. We must invest in the talented youth of today, or risk closing off an Ronald R. Pressman entire generation from the pathways to leadership and success. We must act now to position our society for a vibrant future by creating the leaders our country needs. We could not have accomplished what we have in the past 50 years without the steadfast support of our many partners, friends and Alumni. Thank you for your continued investment in our Scholars and our vital work. With your help, we are confident we will reach our goal of having 3,500 Scholars enrolled annually by 2020. Together, we will continue to strengthen the pipeline of diverse leaders by helping talented but underserved students realize their immense leadership potential, and by doing so help position our society for great success ahead.

Sandra E. Timmons  Ronald R. Pressman President   Chair, National Board of Directors

A Better Chance 2012 Annual Report | 1 Program Update

Current Scholars Finding Talent Often Overlooked College Preparatory  Schools Program:  • A Better Chance is the oldest and only national organization of its kind serving approximately Total Enrollment in Academic 2,000 students chosen for their motivation, academic strength and potential who are enrolled Year 2012-2013 – 1,963 in more than 300 of the nation’s most rigorous and prestigious boarding, day and public schools through its College Preparatory Schools Program. • More than half of our Scholars’ families make less than the national household  median income. • About 44% of our Scholars live in single-parent households. • Approximately 550 students annually are recruited and placed in outstanding  educational opportunities. • Approximately 96% of A Better Chance graduating seniors enroll directly in college. 6 7 % African American 15% Hispanic American/  Latino 8% Multiracial 6% Asian American 3% Other Affiliated Colleges Program <1% Native American

We would like to thank our Affiliated Colleges program partners. These colleges and universities have partnered with A Better Chance to demonstrate their commitment to diversity. They provide essential resources to assist our Scholars throughout their application process and  give further consideration to scholar applicants throughout their admissions process. (List as of August 31, 2012)

Amherst College George Washington 59% f e m a l e Barnard College University 41% m a l e Bates College Hamilton College Harvey Mudd College University of Bowdoin College Lafayette College University of Richmond Bucknell College New College of Florida University of Southern Carleton College Northwestern University California Carnegie Mellon University Occidental College University of Tampa Claremont McKenna College Reed College University of Colgate University Rice University Vassar College College of William & Mary Rutgers University 6 4 % Independent Saint Thomas Aquinas Worcester Polytechnic  day Schools Denison University College Institute 2 8 % Independent Drexel University Sarah Lawrence College  Boarding Schools Emerson College Smith College 8% Community   school Programs Franklin & Marshall College Trinity College

A Better Chance 2012 Annual Report | 2  All Boys School |  All Girls School | * 5-day | Original Partner School | Over 35 Year M member Schools

Member Schools

In the past 50 years, A Better Chance has partnered with many of the most rigorous and prestigious college preparatory schools across the country. To date, we work with more than 300 such institutions committed to educating young people of color who are capable of assuming positions of responsibility and leadership in American society. Approximately a third of our schools have partnered with us for more than 35 years. Our Member Schools are the life blood of our work, steadfast in the idea that a better education leads to a better life, and exemplifying that commitment by accepting approximately 550 new A Better Chance Scholars each year.

Northeast Region (NY, Northern NJ, Trevor Day School, , NY Chapel-Hill-Chauncy Hall School,  ME, CT, NH, MA, RI, VT) Village Community School, New York, NY Waltham, MA , Wallingford, CT NY & Northern NJ Day Schools: of Garden City,  , Concord, MA  The Brearley School, New York, NY Garden City, NY  , Wellesley, MA Brooklyn Friends School, Brooklyn, NY ME, CT, NH, MA, RI, VT Day Schools: , Deerfield, MA Brooklyn Heights Montessori School,  Beaver Country Day School,  , Dublin, NH Brooklyn, NY Chestnut Hill, MA  Emma Willard School, Troy, NY The Calhoun School, New York, NY  , Belmont, MA*  The , Simsbury, CT The Cathedral School of St. John the Divine,  Boston University Academy, Boston, MA , Southborough, MA New York, NY  , Greenwich, CT The Governor’s Academy, Byfield, MA  The Chapin School, New York, NY , Boston, MA , Groton, MA City and Country School, New York, NY  Convent of the Sacred Heart,  The Gunnery, Washington, CT  Collegiate School, New York, NY , Hebron, ME  Greenwich, CT Convent of the Sacred Heart,   Hillside School, Marlborough, MA  Fenn School, Concord, MA New York, NY The , Lakeville, CT Hamden Hall Country Day School,  The Dalton School, New York, NY , Kent, CT The Dwight Englewood School,  Hamden, CT , Kents Hill, ME Englewood, NJ , New Haven, CT , Meriden, NH Fieldston School, Riverdale, NY The Lexington Christian Academy,  Lawrence Academy, Groton, MA Friends Seminary, New York, NY Lexington, MA The , Windsor, CT Grace Church School, New York, NY Noble and Greenough School,  The , Dobbs Ferry, NY Hackley School, Tarrytown, NY* Dedham, MA* , Concord, MA  The Hewitt School, New York, NY The , Weston, MA , Millbrook, NY , Hoboken, NJ  The Roxbury School,  , Milton, MA  , Summit, NJ  West Roxbury, MA Miss Hall’s School, Pittsfield, MA The Kew-Forest School, Forest Hills, NY  Miss Porter’s School, Farmington, CT St. Luke’s School, New Canaan, CT L.R.E.I., New York, NY Northfield Mount Hermon School,   St. Sebastian’s School, Needham, MA , Livingston, NJ Mt. Hermon, MA  The Nightingale-Bamford School,  , Braintree, MA , Andover, MA New York, NY The , Beverly, MA , Exeter, NH The Packer Collegiate Institute, Brooklyn, NY  The , Boston, MA , Pomfret, CT Poly Prep Country Day School, Brooklyn, NY Northeast Boarding Schools: , Portsmouth, RI The Red Oaks School, Morristown, NJ  School, Avon, CT , Andover, NH Riverdale Country School, Bronx, NY , Sheffield, MA St. George’s School, Newport, RI Rudolf Steiner School, New York, NY St. Mark’s School, Southborough, MA , Blairstown, NJ , Rye, NY St. Paul’s School, Concord, NH , North Andover, MA  St. Bernard’s School, New York, NY  Stoneleigh-Burnham School,  , Williamstown, MA  St. David’s School, New York, NY Buxton School Greenfield, MA St. Luke’s School, New York, NY The Cambridge School of Weston,  The Stony Brook School, Stony Brook, NY  The Spence School, New York, NY Weston, MA , Suffield, CT Staten Island Academy, Staten Island, NY Canterbury School, New Milford, CT Tabor Academy, Marion, MA The Town School, New York, NY  , Canaan, NH The , Watertown, CT

A Better Chance 2012 Annual Report | 3  All Boys School |  All Girls School | * 5-day Boarding School | Original Partner School | Over 35 Year HistoryM member Schools

Tilton School, Tilton, NH  National Cathedral School,  Southeast Region (AL, AR, FL, GA, LA, Westminster School, Simsbury, CT Washington, DC MS, NC, SC, TN)  , Middlebury, CT The School, Philadelphia, PA Day Schools: The ,  The , Martinsville, NJ Academe of the Oaks, Decatur, GA Bethlehem, NH The Potomac School, McLean, VA  The Girls’ School, Atlanta, GA Wilbraham & Monson Academy,  , Princeton, NJ Atlanta International School, Atlanta, GA Wilbraham, MA  St. Albans School, Washington, DC The , Atlanta, GA The Williston Northampton School,  St. Andrew’s Episcopal School,  Cannon School, Concord, NC Easthampton, MA Potomac, MD Charlotte Country Day School, Charlotte, NC , Worcester, MA*  St. Joseph’s Preparatory School,  Charlotte Latin School, Charlotte, NC Northeast Community Philadelphia, PA , Atlanta, GA School Programs: St. Patrick’s Episcopal Day School,  Gaston Day School, Gastonia, NC  Amherst A Better Chance, Amherst, MA Washington, DC Heritage Preparatory School, Atlanta, GA  Andover A Better Chance, Andover, MA St. Peter’s School, Philadelphia, PA Holy Innocents’ Episcopal School,   Clinton A Better Chance, Clinton, NY Sanford School, Hockessin, DE Atlanta, GA  Darien A Better Chance, Darien, CT The , Bryn Mawr, PA King’s Ridge Christian School,   Fayetteville-Manlius A Better Chance, , Washington, DC Alpharetta, GA Manlius, NY  Springside School, Philadelphia, PA Landmark Christian School, Fairburn, GA  Glastonbury A Better Chance,   Stuart Country Day School, Princeton, NJ The , Atlanta, GA Glastonbury, CT The Tatnall School, Wilmington, DE , Atlanta, GA Greylock A Better Chance, Williamstown, MA Tower Hill School, Wilmington, DE Mount Paran Christian School,   Guilford A Better Chance, Guilford, CT United Friends School, Quakertown, PA Kennesaw, GA  Madison A Better Chance, Madison, CT Washington International School,  Mount Vernon Presbyterian School,   New Canaan A Better Chance,  Washington, DC Atlanta, GA New Canaan, CT William Penn Charter School,  Our Lady of Mercy High School,   Ridgefield A Better Chance, Ridgefield, CT Philadelphia, PA Fayetteville, GA  Simsbury A Better Chance, Simsbury, CT Wilmington Friends School, Wilmington, DE , Atlanta, GA  Wellesley A Better Chance, Wellesley, MA Boarding Schools: The Paideia School, Atlanta, GA  Westport A Better Chance, Westport, CT  CFS-The School at Church Farm, Exton, PA Porter-Gaud School, Charleston, SC Wilton A Better Chance, Wilton, CT Episcopal High School, Alexandria, VA Ravenscroft School, Raleigh, NC  St. Martin’s Episcopal School, Atlanta, GA Winchester A Better Chance,   Foxcroft School, Middleburg, VA The Waldorf School of Atlanta, Decatur, GA Winchester, MA  Garrison Forest School, Owings Mills, MD The Walker School, Marietta, GA Mid-Atlantic Region (DC, DE, MD, PA, George School, Newtown, PA Girard College, Philadelphia, PA , Norcross, GA VA, WV, Southern NJ) , Atlanta, GA , Pottstown, PA Day Schools: Whitefield Academy, Mableton, GA The , Princeton, NJ The ,  Woodward Academy, College Park, GA The Kiski School, Saltsburg, PA Jenkintown, PA The , Lawrenceville, NJ Boarding Schools:  The Agnes Irwin School, Rosemont, PA  The Madeira School, McLean, VA Asheville School, Asheville, NC The Beddow School, Accokeek, MD Indian Springs School, Indian Springs, AL  The , Mercersburg, PA Chestnut Hill Academy, Philadelphia, PA   Oldfields School, Glencoe, MD The McCallie School, Chattanooga, TN Country Day School of the Sacred Heart, The , Hightstown, NJ St. Andrew’s School, Boca Raton, FL Bryn Mawr, PA The Webb School, Bell Buckle, TN Edmund Burke School, Washington, DC , Pennington, NJ , Newtown Square, PA , Pennsburg, PA Midwest Region (IA, IL, IN, KS, KY, NE, The Field School, Washington, DC St. Andrew’s School, Middletown, DE MI, MN, MO, OH, OK, WI)  St. Margaret’s School, Tappahannock, VA Flint Hill School, Oaktown, VA Day Schools:  St. Timothy’s School, Stevenson, MD Friends’ Central School, Wynnewood, PA The Columbus Academy, Gahanna, OH The Sandy Spring Friends School,  Friends School Mullica Hill, Mullica Hill, NJ  Columbus School for Girls,  Sandy Spring, MD Friends Select School, Philadelphia, PA Columbus, OH Germantown Friends School,  Virginia Episcopal School, Lynchburg, VA Elgin Academy, Elgin, IL Westtown School, West Chester, PA Philadelphia, PA  Hathaway Brown School,   Woodberry Forest School,   The , Haverford, PA Shaker Heights, OH The Holton-Arms School, Bethesda, MD Woodberry Forest, VA Hawken School, Gates Mills, OH Lancaster Country Day School,  Community School Programs: The Latin School of Chicago, Chicago, IL Lancaster, PA  Lower Merion A Better Chance,   Laurel School, Shaker Heights, OH The Landon School, Bethesda, MD Ardmore, PA The North ,  The , Washington, DC Radnor A Better Chance, Wayne, PA Winnetka, IL Media-Providence Friends School,  Strath Haven A Better Chance,  The Roeper School, Bloomfield Hills, MI Media, PA Swarthmore, PA  University School, Hunting Valley, OH

A Better Chance 2012 Annual Report | 4  All Boys School |  All Girls School | * 5-day Boarding School | Original Partner School | Over 35 Year History member Schools

Boarding Schools: St. Margaret’s Episcopal School,  Crystal Springs Uplands School, Gilmour Academy, Gates Mills, OH San Juan Capistrano, CA Hillsborough, CA Interlochen Arts Academy, Interlochen, MI  St. Mark’s School of , Dallas, TX Drew School, , CA Lake Forest Academy, Lake Forest, IL Viewpoint School, Calabasas, CA The Head Royce School, Oakland, CA , Hudson, OH Vistamar School, El Segundo, CA International High School,  Community School Programs: The Waverly School, Pasadena, CA San Francisco, CA    Appleton A Better Chance, Appleton, WI for Girls, Pasadena, CA Julia Morgan School for Girls,  Edina A Better Chance, Edina, MN Windward School, Los Angeles, CA Oakland, CA  Rochester A Better Chance,  Boarding Schools: Lick-Wilmerding High School,  Rochester, MN Cate School, Carpinteria, CA San Francisco, CA The Colorado Rocky Mountain School,  Live Oak School, San Francisco, CA Southwest Region(Southern CA, AZ, Carbondale, CO Marin Academy, San Rafael, CA CO, NV, NM, TX, UT) Dunn School, Los Olivos, CA The Marin School, Sausalito, CA Day Schools:  The Hockaday School, Dallas, TX Maybeck High School, Berkeley, CA  The Archer School for Girls,  Midland School, Los Olivos, CA Menlo School, Atherton, CA Los Angeles, CA The Orme School, Mayer, AZ The Nueva School, Hillsborough, CA Brentwood School, Los Angeles, CA The Thacher School, Ojai, CA Orinda Academy, Orinda, CA The Buckley School, Sherman Oaks, CA Verde Valley School, Sedona, AZ Prospect Sierra School, El Cerrito, CA Campbell Hall, North Hollywood, CA Wasatch Academy, Mt. Pleasant, UT St. Mark’s School, San Rafael, CA Chadwick School, Palos Verdes Peninsula, CA The Webb Schools, Claremont, CA San Francisco Friends School,  Crossroads School for Arts and ,  San Francisco, CA Santa Monica, CA Northwest Region (Northern CA, ID, The San Francisco School,  Episcopal School of Dallas, Dallas, TX MT, ND, NE, OR, SD, WA, WY) San Francisco, CA Flintridge Preparatory School, La Canada- Day Schools: San Francisco University High School,  Flintridge, CA The , Danville, CA San Francisco, CA The Marlborough School, Los Angeles, CA The Bay School of San Francisco,   Stuart Hall High School,  New Roads School, Santa Monica, CA San Francisco, CA San Francisco, CA Oakwood School, North Hollywood, CA The , LaFayette, CA The Urban School of San Francisco,  Pacific Hills School, West Hollywood, CA The Berkeley School, Berkeley, CA San Francisco, CA The Pegasus School, Hunnington Beach, CA Black Pine Circle School, Berkeley, CA Boarding Schools: Polytechnic School, Pasadena, CA The Branson School, Ross, CA Eastside College Preparatory School,  Rolling Hills Preparatory School,   , Palo Alto, CA East Palo Alto, CA San Pedro, CA The College Preparatory School,   San Domenico School, San Anselmo, CA Sage Hill School, Newport Coast, CA Oakland, CA  , Monterey, CA

A Better Chance Alumnus Edward Ramos A Better Chance Scholar 1982 • Simsbury A Better Chance 1985 BS 1989 MBA Columbia Graduate School of Business 1993 Lead Portfolio Manager, International Equity, Cornerstone Capital Management

“Fortunately for me, someone in my hometown recognized some kind of academic prowess and leadership ability in me that was being unrecognized and surely unchallenged. It was very easy to overlook someone like myself amongst the multitudes of youngsters in a big city. And at the same time, I was too young to realize how much more potential there really was. One of my favorite quotes in life is, ‘Potential is something that never was.’

A Better Chance catapulted me into a different world, a very long distance from everything that I knew: my neighborhood, family, friends, my favorite diamond, and my mom’s rice and beans. I can tell you that the A Better Chance program was the toughest obstacle course I have ever had to encounter. As an Alumnus now, I feel compelled to take on this responsibility to influence and assist new Scholars on a daily basis. As a result of my personal background and the way I was raised, I can see how I can provide a positive influence in my family, community and culture.”

A Better Chance 2012 Annual Report | 5 Statement of Activities Fiscal Year 2012 — Ending August 31, 2012

Temporarily Permanently Unrestricted Restricted Restricted Total 2012

Public Support and Revenue Special events revenue $ 1,117,373 $ - $ - $ 1,117,373 Less: costs of direct benefits to donors (73,764) - - (73,764) Net revenues from special events 1,043,609 - - 1,043,609 Contributions and grants 716,119 379,519 - 1,095,638 Contributions in kind 308,729 - - 3 0 8 , 7 2 9 School membership dues 142,780 - - 142,780 Registration fees and other 141,321 - - 141,321 Investment activity 545,443 265,959 - 811,402 Change in value of beneficial interest in perpetual trust - - 2,574 2,574 Other transfers 100,000 - (100,000) - Net assets released from restrictions 810,725 (810,725) - -

Total Public Support and Revenue 3,808,726 (165,247) (97,426) 3,546,053

Expenses Program services 2,645,405 - - 2,645,405 Management and general 337,409 - - 337,409 Development 863,086 - - 863,086

Total Expenses 3,845,900 - - 3,845,900

Reclassification of unappropriated earnings on endowment funds (493,402) 493,402 - -

Change in Net Assets (530,576) 328,155 (97,426) (299,847)

Net assets - beginning of year (1,420,111) 796,710 12,064,852 11,441,451

Net Assets - End of Year (1,950,687) 1,124,865 11,967,426 11,141,604

Data pulled from audited financial statements for fiscal year 2012 prepared by Marks, Paneth, & Shron, LLP. For complete reports, please contact A Better Chance at (646) 346-1310 or visit us at www.abetterchance.org. Breakdown of Expenses Source of Contributions Total Expenses: $ 3,845,900 Total Contributions: $2,521,740

69% program Services 45% E v e n t s    $2,645,405   $1,135,718 9%  finances &  32% Individuals   Administrative  $801,616   $337,409 31% Institutional 22%  fundraising   $537,478   $863,086 2% Estates & Trusts  $46,928

A Better Chance 2012 Annual Report | 6 DreamBuilder |  Institutional Funder |  National Partners |  2012 A Better Chance Awards Luncheon Supporters

Supporters of A Better Chance

A Better Chance’s work would not be possible without the generous support of its donors and partners. In fiscal year 2012, Alumni and friends of the organization had the opportunity to make their contributions in the following ways: Individuals either joined or renewed their DreamBuilder membership by pledging to donate at least $1,200 a year. Launched in 2008, the DreamBuilder Program is A Better Chance’s major donor giving society. Those who have joined are part of an esteemed group who recognize the organization’s tremendous legacy and impact and share our enduring commitment to helping talented youth of color. A Better Chance also appreciates its many Institutional Funders that have shown their support in the form of grants to help fund our signature College Preparatory Schools Program. The National Partnership Program enables companies to sponsor The A Better Chance Awards—our single biggest event of the year—and provide year-round funding of our programmatic activities. The 2012 A Better Chance Awards Luncheon took place on June 1, and the organization recognized leaders who have demonstrated a serious commitment to supporting education and diversity. Five hundred supporters, Alumni and Scholars saluted our honored guests: the 2012 A Better Chance Scholar award winners and Kenneth Chenault, Chairman and Chief Executive Officer of American Express. We thank the following donors and partners for investing in our Scholars. Working together, we can make the future that much brighter for each and every one of them.

$100,000 +  Delta Airlines  Frank Sica Anonymous*  Deloitte  Sills Cummis & Gross P.C.  Morgan Stanley Foundation  Digitas Inc.  Skadden, Arps, Slate, Meagher & Flom LLP  Dodge & Cox Dmitri Stockton $50,000 - $99,999 Vaughan Edwards* and Kathleen Keane  TIAA-CREF  American Express Company  Dana M. and Robert L. Emery  Tishman Speyer Properties, Inc.  PrinceRidge Group LLC  Dr. Scholl Foundation  Kurt and Roxanne Van Wagenen/ $25,000 - $49,999 Malik S.* and Althea A.* Ducard Lightriver Technologies  Laurie and Peter Atkins  Educational Records Bureau: ISEE Albert P. Vasquez*  BNY Mellon Wealth Management  Ernst & Young LLP  The Williams Capital Group, L.P.  Lisa and Dick Cashin  FedEx $5,000 - $9,999 Tracy L. Chapman*  Fred C. and Katherine B.   Gerald Adolph  Cleary Gottlieb Steen & Hamilton LLP Andersen Foundation  Beacon Capital Partners, LLC  Cravath, Swaine & Moore  GenNx360 Capital Partners, LLC Joan and James Berkowitz  Debevoise & Plimpton LLP  Gensler Rodolphus* and Aliya B. Bethea   Deloitte  Peter and Barbara Georgescu Torrence N. Boone*  Executive Leadership Foundation, Inc  Goldman Sachs Group, Inc. Scott Bower  The Fridolin Charitable Trust Gregg A. and Charmaine R. Gonsalves  Ursula M. Burns and Lloyd F. Bean  GE Asset Management Carla A. Harris   Kathleen B. and Charles E. Carey  Google Inc. The Hyde and Watson Foundation  Kathryn and Kenneth Chenault  KPMG LLP ING Foundation   Citigroup Global Markets   Lazard LTD Innisfree M & A Incorporated  Carnell Cooper, M.D.*  William M. Lewis* A. Richard Janiak  Laura D. Corb  Ronald R. and Mary H. Pressman JetBlue  Joele Frank, Wilkinson Brimmer Katcher John P. Costas  Promontory Financial Group, Inc. Michael W. Kidd* Charles M. and Karen Couric  Tracey G. Riese / T.G. Riese & Associates  Kingsway Financial Services Inc  Crane Fund for Widows and Children  Xerox Corporation  KPMG LLP  The Curtis W. McGraw Foundation $10,000 - $24,999 Cheryline R. Lewis*  DaVita Inc.  American Express Foundation  Timothy C. McChristian* and Deborah Steer Gregory T. Durant  Anonymous  McKesson Foundation, Inc.  Bradford* and Andrea Hobbs  AOL, Inc.  National Association  Gary and Patricia Holloway  Bloomberg  The Nielsen Company  Infor  Boies, Schiller & Flexner LLP  Louise M. Parent  Jockey Hollow Foundation  Brookfield Finacial Properties L.P.  Pitney Bowes, Inc. Derek C. Johnston*  Brunswick Group LLC Gil Saiz*  The Joseph Pedott Perpetual Endowment Trust  The Coca-Cola Company  Saks, Inc. of the Jewish Community Endowment Fund

A Better Chance 2012 Annual Report | 7 DreamBuilder |  Institutional Funder |  National Partners |  2012 A Better Chance Awards Luncheon Supporters

 JPMorgan Chase Paramount Group, Inc. Curtis R. Farrar*  Kimco Realty  Nancy Pedot William and Andrea Redmond Ferguson  The John S. and James L. Knight Foundation Anne L. Peretz Pauline Fischer Rashida K. La Lande Desmond L. Pollock* Joshua D. Galun Lewis-Bakker Charitable Lead Annuity Trust Satya D. Pradhuman* Karl L. Gary*  LightRiver Technologies, Inc. Lisa M. Price Charlynn and Warren H. Goins  The Links Foundation Gregory T.* and Irma Robinson Golub & Company of IL, LLC Donald Lowery*  James D. Robinson III  Jonathan and Mindy Gray  Mario Family Foundation  Michael P. Rogan Jawanza J.* and Francoise Gross  Mark T. Gallogly and Elizabeth B.  Deirdre Segerson  Agnes Gund Strickler Trust  The Shames Family Foundation Elaine Hamann*  Herman Miller  Starr Companies  The Have Mercy Ministry Fund Russell and Barbara Noles  Paul J. Taubman Larry C. Herzog Butler  Oak Hill Capital Management, Inc.  Ted Moudis Associates  Dina Hill*  A. Louis Parker* Sandra E. Timmons Wanda M. Holland Greene*  Roger S. Penske Rhonda R. Trotter, Esq.* Robin T. Howe*  Brooke Reid  George L. Van Amson Juan J. Huezo* Lawrence J. Richardson* Alfred Winkler, M.D.* Gerald Huggins*  RLJ Development, LLC  Young Presidents’ Organization Milton Irvin Robert and Teresa Lindsay Family Foundation $1,200 - $2,499 Craig S. Ivey  Tamara Harris Robinson Laura Agostini Denise Jackson Dean* Steve and Karin Sadove Geraldine Aine Charles Jakosa*  The Schwartz Family Foundation David Amuda* Lybroan James  Erv and Louise Shames  Amy and Joe Perella Charitable Fund Devin C. Johnson David Smith*  Henry J. Anderson* Johnson & Johnson Consumer Companies  Sony Corporation of America Anonymous Christina M. Jordan* Logan O.* and Robyn Taylor Ariel Investments LLC & John W. Rogers, Jr. F. Dorinne Jordan*  The V & L Marx Foundation Linda Ashfield Jillian E. Joseph, Esq.*  Ronald A. Williams Princess V.F. Baltimore, Esq.* Sang W. Kang*  $2,500 - $4,999  Baxter Healthcare Corporation KW Multi-Family Management Group Ltd. Antar A. Al-Qawwee* Claudia Bayuelo Mr. and Mrs. Norman Langley Luis Amador Nadja M. Bellan-White* Scott W. Langley, Esq. Anonymous J. Murry Bowden  Henry W. Lavine, Esq. Bernard K. Asirifi* William Brake  Lazard Ltd.  Gregory Austin*  Bruce Breimer  Shelly Lazarus / Ogilvy & Mather Khary P. Barnes* Diana Bromfield Christen E. Lee and Nyssa Fajardo  Ben E. Factors Foundation Jay Brown Sheila S.* and Creighton Lee Kerry D. Chandler Tiffani R. Brown, Esq.* Mark Levenson Susan Chapman  Eileen Brumback Donielle Lewis Jimmie I. Cho* Christina N. Bute* Joseph C. Lewis* Walter Clair, M.D.* James Capuano Mark Lewis  Dawn Comer Charlita C. Cardwell, Esq. Sanford Livingston*  Commonweal Foundation Mark* and Tatia Carson Donna M. Lowery  The Community Foundation for  Carolyn C. Cavaness* Anzanique Luckey The National Capital Region Harrison K. Chang* Rhonda C. Lyle  Computer Sciences Corporation Maritsa E. Cholmondeley Hardia Madden* Bertha I. Coombs* Rhonda Clark Gary W. Malone*  Dan Klores Communications, Inc. Gizelle Clemens  Sheila M. Marmon* Dental Kidz Valerie Cornelious* Damien J. Marshall Andre A. Francois*  Don and Saundra Cornwell Zena M. Martin* St. Claire L.* and Monique Gerald  Corporate Power  MB Real Estate Jonnie Greene Christina Cutlip Ashley S. McFarlin* Griffith Family Foundation Alan Davis Jeninne C. McGee* Antoine G. Hatoun and Andrea G. Levitt Sydney E. Davis* Janice McNair Janice Innis-Thompson Sean C. Dent, Esq.* Bradford P. Meacham, Esq.*  International Flavors & Fragrances, Inc. Brickson E. Diamond Donald R. Morin, Esq.*  Ann P. Kern Darlene J. Draper The Mufson Family Foundation  Eric A. Logan* Stacey Easterling* Trey M. Muldrow, Esq.  Manatt, Phelps & Phillips, LLP Chris* and Lucria Ebanks Felton T. Newell, Esq. Robert B. Mazur Julian Evans Hannah M. Niane*  The National Foundation for Affordable Gerald Evelyn  Novartis Pharmaceuticals Corp. Housing Solutions Inc  Executive Monetary Management, Inc. Okwudiri Onyedum

A Better Chance 2012 Annual Report | 8 DreamBuilder |  Institutional Funder |  National Partners |  2012 A Better Chance Awards Luncheon Supporters

Sunil M. Oommen Mary I. Stokes We would like to thank the following Robert Ortiz* Patrick and Jenny Sweeney sponsors for providing in-kind support Gilbert Parris  Frederick O. and Jonelle Terrell to A Better Chance during the year: Gerald Parsky Erica N. Thomas* Jacqueline Y. Pelzer  Lara F. Thompson* AMA Waterways Kim Pompey Darryl D. Turner* American Express  Mark A. Prince*  Jon Vaccaro The Blackburn Conference Center Suzette M. Ramirez* Alice Vilma Bruce Breimer Edward Ramos, C.F.A.* Soyini D. Waltin Dubé* Delta Airlines Entrance Exam (ISEE) Dr. Raymond W. Ransom Emory Walton III Timothy C. McChristian and Deborah Steer Vin and Heidi Restivo Richard Wayner* Lisa Peterson, Esq. Mitch Rudin Nichol T. Whiteman* Ronald R. and Mary H. Pressman Alanna C. Rutherford Timothy A. Whiteman* Tracey G. Riese Tomya Ryans  Kathryn Williams Ropes and Gray LLP Bruce A.* and Daria Shelton Lamonda V. Williams* Secondary School Assessment Test Board Anthony B. Shropshire* Tara L. Williams* (SSATB) Shurawl Sibblies Herbert S. Winokur, Jr. Sidwell Friends School Pamela E. Simons William and Marie C. Woodburn Trinity School (GA) Rochelle E. Sinclair* Simone R. Yatrakis* UBS Financial Services, Inc. Leia M. Skie Yee M. Yip* The Westminster Schools (GA) Donnie R. Smith Sonya J. Young* Alfred Winkler, M.D. Sheria D. Smith, Esq.* Jesse J. Spikes, Esq.* Chantal N. Stevens

*A Better Chance Alumni This list was culled from records dating from September 1, 2011 – August 31, 2012 

A Better Chance Alumna Nadja Bellan-White A Better Chance Scholar 1982 • Kimball Union Academy 1985 BA University of Virginia 1989 MBA NYU Stern School of Business 1994 Senior Partner/Managing Director, Ogilvy & Mather

“A Better Chance provided me with a world of options I would never have had before. My mom had four kids and needed all of us to ‘pull ourselves up by our bootstraps’ to succeed. She has always instilled the importance of a good education and knew that A Better Chance made the difference between becoming just another ‘statistic’ and really doing something with your life.

I will be honest, my experience was not an easy adjustment — Queens, NY and Meriden, NH are worlds apart — but I always had a greater goal. I missed my family and friends tremendously, but everyone knew that ‘Nadja and Maurice’ (my brother joined me a year later) had greater goals.

I would not have gone on to UVA, the Stern School of Business or achieved any of my career goals without A Better Chance. It was more than an educational opportunity, it changed my life.”

A Better Chance 2012 Annual Report | 9 The National Board of Directors

The National Board of Directors Officers

Chair Vice-Chair Ronald R. Pressman Timothy C. McChristian * Executive Vice President & Vice President, Chief Operating Officer STG Middle East & Africa Tiaa-Cref IBM

Members

Peter Allan Atkins Carla A. Harris Steven S. Rogers * Partner Managing Director Senior Lecturer, Skadden, Arps, Slate Meagher & Flom, LLP Morgan Stanley Harvard Business School

Bruce Breimer A. Richard Janiak Stephen I. Sadove Principal Emeritus Managing Director Chairman & CEO Collegiate School Citigroup Saks, Inc.

Susan Chapman Henry W. Lavine Dmitri Stockton Senior Vice President, Global Real Estate & Senior Counsel President & CEO Workplace Enablement Squire, Sanders & Dempsey, LLP GE Asset Management American Express Company A. Louis Parker * Sandra E. Timmons John P. Costas Consultant President Chairman A Better Chance The Costas Family Foundation Tracey G. Riese President Kurt Van Wagenen Gregory T. Durant TG Riese & Associates, Ltd. Vice Chairman & Managing Partner, Oprah Winfrey Clients & Industries Gregory T. Robinson * National Spokesperson Deloitte & Touche USA LLP Associate RBS Capital Markets *A Better Chance Alumni Gregg A. Gonsalves Advisory Director Goldman Sachs & Co.

A Better Chance Scholar Skylar Sims The Ben Franklin Academy, 2013

With top scholastic honors, Skylar holds a 4.0 GPA and is a member of the National Society of High School Scholars and National Honor Society. Skylar’s interests are broad and varied. He was recently nominated as an accomplished artist for the Governor’s Honors Program for in Visual Arts. He is recognized as a Franklin Scholar for his academic leadership and citizenship. Skylar is a School Ambassador focused on promoting leadership, service and excellence and on making positive, significant differences in his school community. He is also active in community service. Skylar has served as a tutor for more than five years at Mary McCloud Bethune Elementary School, which he attended. He also devotes his time and talents to his community by serving as a volunteer for the Hosea Feed the Hungry and Homeless and Trees of Atlanta.

A Better Chance 2012 Annual Report | 10 The National Advisory Council

The National Advisory Council

Gregory Robinson * Jillian E. Joseph, Esq. * Daria Shelton Chair GE Capital Real Estate Co-Vice Chair for Events RBS Capital Markets Berkshire School, 1997 NBC Universal Choate Rosemary Hall, 1997 Rashida K. La Lande, Esq. Anthony B. Shropshire * Antar Al-Qawwee * Gibson, Dunn and Crutcher LLP Co-Vice Chair for Membership Deutsche Bank Bank of America Merrill Lynch Scott W. Langley, Esq. Athenian School, 1996 Winchester A Better Chance, 2000 Scott W. Langley Insurance Company –  Khary P. Barnes * State Farm Insurance David R. Smith * American Express Company Forest City Enterprises Eric Logan * Second Mile A Better Chance, 1998 University School, 1980 Precision Castparts Corporation Tiffani R. Brown, Esq. * Phillips Exeter Academy, 1992 Nichol Whiteman * Northfield Mount Hermon School, 1996 LA’s Promise Sheila Marmon * Canterbury School, 1994 Christina N. Bute * Mirror Digital, Inc. Co-Vice Chair for Events Cate School, 1990 Wayne K. Williams JPMorgan Chase New York State Department of  Bradford P. Meacham, Esq. * Phillips Exeter Academy, 2004 Financial Services Thompson Hine LLP Deerfield Academy, 1990 Carolyn C. Cavaness * Phillips Academy, 2001 George Jackson Academy George S. Wilson, II* Felton Newell The Hudson School, 2001 Co-Vice Chair for Membership Baute Crochetiere & Wang National Basketball Association Dawn Comer Adrian Perry * Middlesex School, 2004 IBM Global Business Services Accenture Alfred Winkler, MD * Sydney Davis * Loomis Chaffee, 1993 Department of Urology at  Paramount Pictures Desmond L. Pollock * Queens Health Network Fayetteville-Manlius A Better Chance, 1983 Transatlantic Reinsurance Company Groton School, 1985 Soyini Waltin Dubé * Deerfield Academy, 1989 * PepsiCo Simone R. McBean Yatrakis Mark A. Prince Jr. * Panchal Associates LP Westover School, 1999 Professional Partnering Solutions, Inc. Andover A Better Chance, 1990 Jawanza J. Gross * Webb School of California, 1986 RBC Capital Markets *A Better Chance Alumni Suzette M. Ramirez * Deerfield Academy, 1990 Pershing, LLC Keith Harvey * Cranbrook Kingswood School, 1989 K.J. Harvey, CPA Bruce Shelton * Radnor A Better Chance, 1997 Salesforce.com Derek C. Johnston, Esq. * Seminary, 1994 Sutherland Pomfret School, 1985

A Better Chance 2012 Annual Report | 11 National Staff

The National Staff

Linda Ashfield Susan Kahn Ivonne A. Simms Director of Finance & Administration Database Analyst Program Manager for the Southeast Region Claudia Bayuelo Richard Martin * Chantal N. Stevens Executive Assistant & Office Manager Community Schools Program Manager National Director, College Preparatory Schools Program Maritsa Cholmondeley Sarah Mobarak Senior Manager, Individual Giving & Development & Marketing Associate Max Sudak Alumni Relations Prospect Research & Faran Nadir Database Associate Walter Cruz * Finance & Database Manager Program Associate, Northeast Region Dorothy Nixon Sandra E. Timmons President Christopher Dennis Institutional Giving Manager Program Manager for the Southwest Region Prasant Nukalapati Keith Wilkerson Senior Program Manager for the Ajulei Cherry-Donaldson Program Manager for the Northwest Region Program Assistant for Administration Mid-Atlantic Region Ellen Ogwaro Johnathon Gibson * Coordinator for Admissions Operations *A Better Chance Alumni Senior Program Manager for the Sunil Oommen Northeast Region Director of Development Eleanor Grier Dawnell Powell Program Associate, Northwest Region Program Associate, Northeast Region Cynthia Housel Martina Previl * Major Gifts Officer Program Associate, Southeast Region Regina Jolly Espenschied Program Manager for the Midwest Region

A Better Chance Scholar Mathama Bility Salem Academy, 2014

A sophomore, Mathama attends Salem Academy as a recipient of the Dr. and Mrs. Dickerson Scholarship. Mathama has excelled academically, receiving all A’s since the beginning of her career at Salem. Outside of school, Mathama is an avid filmmaker. She has directed, produced, and edited several short documentary films in association with the Cary Youth Video project. One of her films, “Goodness Grows,” about the local food movement in her community, won the “Viewer’s Choice” award at its premiere. She is the creator and co-head of her school’s filmmaking club. Mathama is passionately involved in theater both on and off stage. She has worked on several productions this year and plans to continue her interests in filmmaking and theater throughout high school and college. Mathama volunteered more than 200 hours with various children’s programs last year and plans to pursue a career in pediatric medicine and philanthropy.

A Better Chance 2012 Annual Report | 12

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