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ANNUAL IMPACT REPORT Gratitude As you read through the Annual Impact Report, please notice the messages of gratefulness and appreciation our Scholars have passed along. Your donations are changing their lives, and it’s quite clear that these young men and women aren’t taking your generosity for granted. Thank you! For more messages, please visit Ouimet.org/gratitude “I am humbled and grateful to be a recipient of a Ouimet Scholarship, and truly appreciate your kindness and generosity which helps people like me pursue their college dream. The Ouimet Scholarship I received assisted me with my school expenses and without it I would not have been able to attend my first choice college.” Connor Mangelson Methodist University, 2019 The Ridge Club “I am beyond thankful for this scholarship, because I would not be attending my dream school and doing all of these activities without it. I hope to continue being a Ouimet Scholar, and carrying on the Ouimet legacy academically.” Cassandra Gonser University of New Hampshire, 2020 Essex County Club A Message from the President October 2018 Dear Ouimet Fund Friends, I am proud to share that this past year has continued our steady and wonderful growth pattern. While this is very rewarding, we are at the same time embarking on a comprehensive strategic planning process to enhance our mission. The board will be addressing ways to do even more for our future Scholars as their need grows so rapidly in this era of dramatic college tuition increases. In 2018-2019, we celebrate our 70th year with many ways by which we can impact the lives of our Scholars. Most importantly, with your help, Scholar awards increased to $2.2 Million, a $200,000 increase over last year. This increase is our largest ever, and represents growth of 38% in four years. Our thriving endowed scholarship program is again a major catalyst. A total of $800,000, or 36% of our awards, will come from the yield on our 148 endowments. As we go to press we will "We remain have added seven new awards since last year. Fittingly, one has been created by a committed to member of the original class of scholars from 1949. Trustee Bob McDonald and his family have endowed the Bob and Elaine McDonald Family Scholarship. The Fund strengthening has come a long way since awarding $4,600 to 13 students back in that first year. and growing The The total since then is a tremendous $36 Million to 5,900 students! Fund, and will As The Fund grows, we also see a continued high number of annual scholarship applications. Over the past four years applications have increased 38%, putting work to send more great pressure on our fundraising. We have also seen great increases in the number deserving students of colleges our students attend (164), female scholars (70), minority scholars (29), and inner-city scholars (67). We are happy that our 326 financial scholars this year to college." have an average annual financial award of $6,548, which translates to four-year assistance of approximately $26,200. However, our goal has always been to fund as much of the “unmet need” as possible and we still hover in the 40% range. Five million dollars of total unmet need is a huge hurdle. As one of our directors said recently, “We have a lot of great kids who still need a lot of help.” Also, helping fuel our scholarship increase has been growth in our Club Relations, Golf Marathon, Annual Fund and Alumni Donations. Each of those programs are critical to our continued success. This past year, we were proud to present Jim Furyk with our 22nd Francis Ouimet Award for Lifelong Contributions to Golf at our Annual Banquet. It was a wonderful night, and one each of the attendees won't soon forget. I’m delighted to announce that Hall of Famer and NBC golf broadcast commentator Johnny Miller will be our 2019 honoree on April 11 at the Sheraton Boston. Our dinner has been the largest golf dinner in the U.S., the award one of golf’s most prestigious and our 2019 event with Mr. Miller should be a great occasion to kick off the season. The Banquet is our prime event for spreading the message of our mission and showcasing our Scholars, and we know Johnny is excited to be part of it. Cont. 1 2018 IMPACT REPORT Throughout the history of the Ouimet Banquet, a special highlight has always been the introduction of representatives of Mr. Ouimet’s and Eddie Lowery’s families. Sadly, Mr. Ouimet’s two daughters, Barbara McLean and Janice Salvi, passed away in the last year. We also lost three Ouimet Fund Trustees – Bill Foley, Ray LaJoie, and Dixon Sykes. They and the other many friends shown in our Memorial Donations section will all be greatly missed. The future of the Francis Ouimet Scholarship Fund is bright. Through your generosity and the hard work of the Ouimet Staff, Board of Directors, alumni, corporate partners and volunteers, we remain committed to strengthening and growing the Fund to send more deserving young women and men to college. Thank you very much for your support and best wishes to you, your family and friends as the new year approaches. President Jim Blue with Ouimet Scholar Eileen Lent '20, at the 2018 Investing in Lifetimes Reception. Warm Regards, James D. Blue Jim Blue speaks to a sold-out crowd at the 2018 Annual Banquet. $1,500,000 $1,600,000 $1,700,000 $1,850,000 $2,000,000 $2,200,000 1 1 1 1 17 1 314 333 394 452 490 457 Total Scholars Total Scholars Total Scholars Total Scholars Total Scholars Total Scholars 2 OUIMET.ORG 2018-2019 Organizational Highlights scholarships $ awarded ,91, $ financial need ,,0 remaining Scholar Colleges 1 Scholar Clubs 1 $ Total Financial Total Honorary , Scholars Scholars average award 326 11 golf employment $1,500,000 $1,600,000 $1,700,000 $1,850,000 $2,000,000 $2,200,000 54% Pro Shop 11% 314 Caddies333 35394% 452 Superintendent490 457 Total Scholars Total Scholars Total Scholars Total Scholars Total Scholars Total Scholars Scholarships Awarded $ 5,905 35,878,417 Ouimet Scholars 3 2018 IMPACT REPORT 2018 Ouimet Banquet Highlights Furyk Honored at Ouimet 2018 Banquet Honoree Jim Furyk sat with Master of Ceremonies Dave Marr III for a Banquet memorable conversation. he 2018 Ryder Cup Captain Jim Furyk was the guest speaker and honored with the 21st Francis Ouimet Award for Lifelong Contributions to Golf at the Francis Ouimet Scholarship Fund’s 67th Annual Banquet. The Banquet, which continues to be the largest annual golf dinner in America, was held on Tuesday, March 27th at the Boston Convention & Exhibition Center. TThe Connolly Group – Morgan Stanley was again the Presenting Sponsor. "We were thrilled to have Jim Furyk as our 2018 Honoree," said Fund President Jim Blue. "Jim has a tremendous record, and has been one of the top players on the PGA TOUR for the last 24 years. He's played on 9 Ryder Cup teams, including here in Boston in 1999, and was preparing to be Ryder Cup captain. He is also greatly respected for his charitable work," said Jim Blue, Ouimet Fund President. Veteran golf broadcaster David Marr III served as Master of Ceremonies for the third straight year and conducted a very entertaining and meaningful interview with Mr. Furyk. Other Special Features In addition to Mr. Furyk, the evening featured a wonderful speech from Student Speaker Josh Belinsky, who caddied for 12 years at Blue Hill Country Club and recently graduated from Northeastern University ‘18. Josh described overcoming obstacles in his life, his involvement in several college entrepreneurial pursuits, and how the Ouimet Fund support was critical to his graduating from Northeastern. Josh has since been invited to join the Ouimet Fund’s Board of Directors. Dennis J. Kelly, a Ouimet Alumnus (Williams College ’68) and the Fund’s Secretary-Counsel, was honored with the Richard F. Connolly Distinguished Service Award. Mr. Kelly and his firm, Boston-based Burns & Levinson, have been involved in a wide variety of legal projects over the years and Denny is truly a critical member of the Ouimet Fund Board of Directors. Among the Banquet attendees were nearly 100 Ouimet Scholars. Pictured here is the group from The Ridge Club, with longtime Ouimet supporter and caddie mentor Bob Travers (far right). 4 OUIMET.ORG 2018 Ouimet Banquet Highlights Francis Ouimet Award for Lifelong Contributions to Golf 1997 Arnold Palmer Banquet supporter and Alumnus Tom Riordan '70, (far right) is pictured with Joe Lannon, Sean Riordan '12, and Jennifer McCartin at the 2018 Annual Banquet. 1998 Gene Sarazen 1999 Ben Crenshaw 2000 Curtis Strange Banquet Presenting Sponsor 2001 Ken Venturi & Eddie Lowery 2002 George H. W. Bush 2003 Chi Chi Rodriguez 2004 Nancy Lopez 2005 Greg Norman Gold Sponsors 2006 Peter Jacobsen Andover Companies 2007 Barbara & Jack Nicklaus Eversource Energy 2008 Gary Player Liberty Mutual Marsh McLennan/Jim Blue/Dave Bamel 2009 Tom Watson Mass Golf 2010 Annika Sorenstam Synergy Investments 2012 Mark O’Meara TJX 2013 Francis Ouimet 2015 Brad Faxon Silver Sponsors 2016 Tom Lehman Blue Cross Blue Shield of MA Kirkland & Ellis LLP 2017 Nick Price Bob’s Discount Furniture Loomis Sayles & Company, LP 2018 Jim Furyk Brown Brothers Harriman Maich Family Foundation Holly and David Bruce Mallard Printing Cramer PGA of America Erland Construction Quincy Mutual Group Harvard Pilgrim Healthcare RSM Banquet sponsor TJX Companies and Ouimet Director Dan Magaletta (back row, center right) pose with Mr. Furyk at the pre-Banquet reception.