Manhattan Beach Education Foundation Annual Report & Honor Roll A SALUTE TO OUR 2016-2017 DONORS Enrich and Empower Enrich and Empower CONTENTS INTRODUCTION 1 MBEF BY THE NUMBERS 2 PUBLIC SCHOOL: WHY PRIVATE DOLLARS 3-4 MBEF ENDOWMENT 5 GRANT MAKING GUIDELINES 6-7 CHANGES IN FUNDING FOR 2017/2018 8 MBEF FUNDED PROGRAMS 9 ABOUT OUR GRANTS 10-17 IMPRESSIVE RESULTS 18 COLLEGE MAP: CLASS OF 2017 19-20 DONOR HONOR ROLL 21-52 ENDOWMENT $20M BY 2020 DONORS 53-54 MATCHING GIFT DONORS 55 BUSINESS SPONSORS & REAL ESTATE PARTNERS 56 MANHATTAN WINE AUCTION 57-60 FALL CLASSIC GOLF TOURNAMENT 61 MBEF BOARD OF DIRECTORS 62 MISSION STATEMENTS 63 Every Child. Every Day. YOU, our parents, business leaders, educators and community members, are critical partners in providing every child in our community with exceptional educational opportunities, every day. The funding our District receives from the state is simply not enough. Throughout the country, counties are empowered to decide how much funding to invest in their local education systems. In California, per-pupil funding is determined at the state level. All schools receive funding on a per-pupil basis, and districts with greater numbers of students who qualify for free and reduced lunch, and are English Language Learners receive additional funding. As a result, in 2016/17 MBUSD received roughly $9,600 per student, putting our funding level at the bottom of the state and the country. With an investment of more than $6M from our community, MBEF is able to increase per student spending by nearly 9%. In the 2017/18 school year, donations to MBEF will pay for 73 educators, offering our children music, hands-on science, physical education, stronger math, reading, writing and technology instruction, librarians, and electives like STEM, film and robotics. Your support drastically improves student-to-teacher and student-to-counselor ratios, providing our children with both academic and social-emotional support. These opportunities for our children would not be possible without the generosity, time and commitment of all community stakeholders. Our outcomes speak for themselves. MBUSD is among the top K-12 school districts statewide and our students go on to attend some of the most prestigious colleges and universities in the country. Our schools and our students excel because we have an engaged community that is willing to invest time and money in our children’s education and future. None of this would be possible without your generosity and commitment. Thank you! 1 MBEF BY THE NUMBERS $6 9% MILLION Percentage of total MBEF funding District budget to our schools in 2017/18 that is covered by MBEF 71% 73 Percentage of donations MBEF pays for 73 educators that comes from parents in grades K-12 TOP 1% 220 Mira Costa is ranked in the top 61% of MBUSD teachers 1% of U.S. Public High Schools received Professional by Newsweek and US News Development funded by and World Report MBEF in 2016/17 Every child is touched every day by the programs MBEF funds. Many of our District’s programs and positions would be eliminated if not for your investment and the generous support of our community. 2 PUBLIC SCHOOL: WHY PRIVATE DOLLARS? You have heard again and again that funding for our schools is inadequate. But few people understand WHY. There are four main factors that impact school funding in our District. State funding for education in California is inadequate. California ranks 44th in the nation in school funding, and 50th in both student-to-teacher and student-to-counselor ratios. While states like New York and New Jersey average over $20,000 per pupil, last year, MBUSD received roughly $9,600 per pupil, putting our funding level at the BOTTOM of the state and the country. Without our community’s investment, state funding for our schools does not meet our students’ needs. MBUSD is a Revenue Limit District. Only a small portion of our property taxes, high as they are, fund education. The formula to allocate property tax dollars is based on spending levels in the 1970s. At that time, MBUSD was a K-8 district and allocated a small portion of property taxes to schools. Proposition 13 and Assembly Bill 8 set the allotment of property taxes to education so that districts are unable to move additional tax dollars to schools. As a result, MBUSD is a Revenue Limit district and does not retain excess property taxes. Basic Aid districts, such as Palo Alto and Laguna Beach, funded education at a higher level in the 70s, so they retain excess property taxes. Because our property tax allocation is so low, most of the funding for our schools is subsidized by the state. State Aid State Guaranteed Minimum Level State aid to meet Set % of revenue local limit property taxes Schools Set % of Local Keep Excess Property Taxes Property Taxes REVENUE LIMIT FUNDING BASIC AID FUNDING Manhattan Beach Our Students Do Not Qualify for Supplemental Funding. In 2013, California implemented Local Control Funding Formula (LCFF) to provide additional resources to public school districts with higher numbers of students who qualify for the Free and Reduced Lunch Program, are English Language Learners and/or are foster youth. Of ALL school districts in California, MBUSD has the LOWEST number of students who qualify for supplemental funding. 3 Manhattan Beach Does Not Have a Parcel Tax. Unlike many highly ranked districts in California, Manhattan Beach does not have a parcel tax to supplement state funding for our schools. A parcel tax is a flat tax assessed per parcel for ongoing educational expenses, such as teachers and enrichment. The districts listed below each have a parcel tax and a community-led foundation, like MBEF, that provides anywhere from $1 million – $6 million of funding each year. PARCEL TAX FUNDING LA CAÑADA $450 $2,700,000 6% MANHATTAN BEACH $0 $0 0% PALO ALTO $758 $15,000,000 7% PALOS VERDES $374 $7,501,869 7% PIEDMONT $2,406 $9,600,000 25% SAN MARINO $1,195 $5,565,219 14% SANTA MONICA-MALIBU $336 $11,800,000 8% PER PUPIL FUNDING - 2015/16 NEW YORK, DC, $20,000+ ALASKA, NEW JERSEY PALO ALTO $17,941 LAGUNA BEACH $16,941 PIEDMONT $14,561 SANTA MONICA-MALIBU $13,195 Basic Aid + Parcel Tax + SAN MARINO $13,063 Education Foundation Basic Aid + MBUSD WITH Education Foundation LOCAL SUPPORT $10,920 Parcel Tax + Education Foundation MBUSD WITHOUT LOCAL SUPPORT $9,603 + MBUSD is frequently compared to a short list of districts throughout California that have strong student outcomes. However, our funding is very different from these districts. For example, as depicted in the Per Pupil Funding chart above, Palo Alto is a Basic Aid district and retains a large portion of their property taxes, and has both a sizeable parcel tax and education foundation. Similarly, Piedmont has a parcel tax that accounts for 25% of their district’s budget, as well as an education foundation. MBEF is the only District-wide resource that funds teachers and enrichment. Your support of MBEF is critical to the quality of our public schools. 4 THE MBEF ENDOWMENT GREAT SCHOOLS TODAY, GREAT SCHOOLS FOREVER. MBEF is one of the few public school education foundations with an endowment that provides a sustainable funding source dedicated to enhancing the quality of our public schools for generations to come. The MBEF Endowment protects our schools from the erratic fluctuations of state funding by creating a long-term, secure funding source. Monies are donated, placed in a fund and invested to generate income on an ongoing basis, while the original investment (principal) remains untouched. Through ongoing contributions and prudent fiscal management, the MBEF Endowment principal has grown to $16.8M. In 2017, the Endowment disbursed $500,000 to fund MBEF programs for the 2017/18 school year. This year, MBEF kicked off the $20 Million by 2020 campaign with the goal of growing the Endowment to $20M. At that time, the Endowment will disburse approximately $1M to our schools every year. We are grateful to the many donors who have supported the Endowment over the years, and to our current and former volunteer Board and Investment Committee members whose expertise and guidance have helped us reach new milestones. All 2016/17 Endowment donors are printed in Blue and Green in the Honor Roll on pages 21-52, on the campaign pages 53-54, and on the MBEF and Endowment websites. ENDOWMENT FUND ASSET GROWTH $16,800,000* $16M $15M $14M $13,722,952 $13M $12M $11M $10M $9M $8M $7M $6M $5M $4M $3M $1,629,769 $2M $1,736,659 $1M $2,600,207 $3,727,236 $3,409,920 $0 9/2017 for *Projected $4,646,173 05-Apr 2005 2006 2007 2008 2009 2010 2011 2012 2013 $5,543,116 2014 2015 2016 2017 $7,252,527 To learn more about the MBEF Endowment, please visit www.endowment.mbef.org or call us at 310.303.3342. $8,946,009 5 $11,603,427 $13,165,819 $12,609,665 GRANT MAKING GUIDELINES As a community-driven organization, MBEF strives to ensure our grants are reflective of parent and teacher priorities. We welcome feedback and regularly survey our stakeholders to help determine our strategic direction and funding priorities. To ensure continuity in our schools, the vast majority of our funding is committed to grants and positions from previous years. Each year MBEF’s 35-member Board of Directors works with District leadership, school Principals, and teachers to identify programs that are most aligned with parent priorities and MBEF Grant Guidelines. MBEF invests in programs that: H Strengthen schools from Kindergarten to graduation H Support academic excellence and personal growth H Reach as many students as possible H Achieve parity among all elementary schools H Promote innovation in teaching and learning H Align with the priorities of parents, teachers, and District goals 6 YOU ARE MBEF: COMMUNITY PRIORITIES MBEF funds and advocates for enrichment programming, and ensures that the funds we grant are appropriately and effectively used.