Annual Report 2 011

1 High expectations are the foundation of When Lamarr enrolled at the University of The Steppingstone Academy’s success. Once Miami, he was well-prepared for the path admitted to the program as rising fifth- and ahead. But Lamarr’s story doesn’t end with sixth-graders, Scholars work hard to gain college admission. access to an independent or public exam And in 2011, we didn’t feel like our mission school, and Steppingstone provides Scholars was fully expressed either, particularly as with the academic and social-emotional tools our awareness grew of the national college they need to achieve their goals. Steppingstone’s completion crisis and its impact on the city services continue through high school, and of , where only 35% of the students their impact is clear: 99% of Scholars who in the Class of 2000 who graduated from a complete the academic component graduate district high school and enrolled at a four- from high school. 91% of the high school year college ultimately earned their degree graduates enroll at four-year colleges. within seven years. By altering one word in In Lamarr Rollins’ case, he and his family our mission statement, we expanded our set their sights on The Roxbury Latin focus from college access to college success School, a school only a few miles away from and restructured our advising efforts to the recently closed Farragut School, where include current college students. More than Lamarr spent his elementary school years. 80% of Scholars who enroll at four-year Steppingstone provided academic preparation colleges earn their degree, and we are work- and placement services, working alongside ing hard to bump that number higher. Lamarr and his family through every stage of So while Lamarr has earned many the admissions process. After he was admitted, wins since fifth grade when he began The Steppingstone’s college readiness services Steppingstone Academy, Steppingstone continued through middle and high school. counts as its ultimate success the day when Lamarr hung his University of Miami diploma on the wall of his office at The Architectural Team, Inc., in Chelsea, MA. 2

Lamarr Rollins ’99 works as an architect at The Architectural Team, Inc., in Chelsea, MA. “Along with the advanced academic coursework, Steppingstone really prepared me to hone my time management and organization skills. I applied those skills at Roxbury Latin, University of Miami, and actually, every day in my life since graduating from the program.” succeed 1 The Scholars We Serve: The Steppingstone Academy Placement Schools • Through The Steppingstone Academy and the College Success Academy, Steppingstone Beaver Country Day School serves more than 1,000 children in grades Belmont Day School who are we? five through 12 and an additional 400 in college. Boston College High School The Steppingstone Foundation runs three Boston Latin Academy distinct yet related educational programs • National Partnership for Educational based in Boston, all with the goal of enabling Access members collectively serve more college success: than 100,000 underrepresented students Boston University Academy nationwide. • Since 1990, The Steppingstone Academy Buckingham Browne & Nichols has prepared underserved students—called • The average family income for a Stepping- Cambridge School of Weston Scholars—to get into and succeed at stone Academy Scholar is $39,981. selective independent and public exam • 97% of College Success Academy Scholars schools in the sixth and seventh grades. qualify for free/reduced meals. Dedham Country Day School Steppingstone provides ongoing comprehensive support services to ensure • Scholars in both programs come from that Scholars thrive in middle and high Boston neighborhoods, including Dorchester, The Dexter School school, ultimately graduating from high East Boston, , Roxbury, Hyde Governor’s Academy school and from four-year colleges. Park, Charlestown, , Jamaica Plain, and Allston-Brighton. • In 2007, Steppingstone created the The Fenn School National Partnership for Educational • 40% of all Scholars in both programs The The Meadowbrook School Access, a learning community of are male. of Weston organizations committed to increasing educational opportunities for underrepre- Newton Country Day School sented students. Racial Diversity of Scholars Noble and Greenough School in both The Steppingstone Academy John D. O’Bryant School • Launched in 2011, the College Success and the College Success Academy Academy provides middle-grade students in Boston public schools with rigorous 2 academic programming after school and 6% White 9% Multiracial The during the summer for four years. Once in The high school, Scholars receive the same support St. Mark’s School services provided in The Steppingstone St. Paul’s School Academy all the way through college St. Sebastian’s School graduation. 18% Asian The Southfield School 45% Black The The Steppingstone Scholars Program, Philadelphia 22% Hispanic Xaverian Brothers High School and The Steppingstone Academy Hartford: The Steppingstone Academy program model has College Success been replicated in Philadelphia and Hartford. Both Academy Schools affiliate programs prepare underserved students for college success. Edison K-8 School Gardner Pilot Academy Jackson/Mann K-8 School As we reflect on 2011, and on our own trail in 1997. And, even as we have expanded And we are doing this together, in partner- tenure with Steppingstone, we are amazed the number of Scholars participating in the ship with each other and with you. to count between the three of us almost 60 Academy, our success rate has remained high: We are humbled by the expression of years of experience with the organization. more than 80% of Scholars completing support for our mission in the last year. In Oddly enough, that doesn’t make us feel The Steppingstone Academy’s academic addition to our committed Board of Directors, Board of Directors old. Steppingstone is only 22 years old, component graduate from a four-year college. we welcomed an extremely impressive Board and at 22, we are close in age to a Scholar Some parts of our new adventure are of Advisors, who lend us their invaluable Amy Smith Berylson completing college. becoming visible to all. The College Success educational and nonprofit expertise. Our Todd Bland Chuck Brizius And like a newly minted college graduate, Academy sets Boston public school students brand new Board of Ambassadors is spreading Brian Conway, Chairman we are grounded in the fundamentals, on the path to college graduation without the word in the Boston community about Michael P. Danziger prepared for new challenges, and encouraged being placed in an independent or public Steppingstone’s mission and is adding value Michael Denning to dream boldly about new adventures. exam school. to our work in numerous ways. Bart Epker This new program is underway and growing, Many of you have increased your phil- Richard Friedman increasing the number of Scholars we serve anthropic investment, including a group of Thomas F. Gilbane, III in the academic component by 30%—even anonymous board members who initiated a Professor Andrew Hahn in its pilot form—and challenging our staff Challenge Grant, in which every donation William Helman to continue to design an impactful and over the initial fundraising goal was matched, Allison Johnson scalable program for the long haul. Just this dollar for dollar, up to $500,000. Isabelle Loring last summer, the second class of College As you read this report, know that Dr. Richard I. Melvoin A. Peter Monaco, Jr. Success Academy Scholars began their journey Steppingstone’s long-term commitment to Mike Pascucci alongside the initial pilot class, with 78 Scholars and their families would not be Brent Edward Shay fifth- and sixth-grade Scholars spending six possible without your thoughtful dedication. John G. Simon weeks engaged in math, English, science, Your partnership with Steppingstone buoys John S. Weinberg and study skills classes. Scholars every step of the way, from when a Christina Wing-O’Donnell The National Partnership for Educational potential Scholar hands in his initial application Access (NPEA) continues to thrive, linking to join the program to when he crosses the 225 non-profit members that collectively stage at his college graduation. On behalf of serve more than 100,000 underrepresented the Scholars we serve, we thank you for your Our flagship program, The Steppingstone students seeking college access. We hope generous support. Academy, continues to perform at a high you will join us for NPEA’s fifth annual Now, on to the next adventure. . . level, preparing Boston students for schools conference in Boston in April 2013 and see 3 Michael P. Danziger, Founder & CEO, that lead to college success, and serving firsthand the effectiveness of Steppingstone’s Kelly D. Glew, President & COO, and approximately 1,400 Scholars from fifth convening power. Brian J. Conway, Board Chairman grade through college graduation. The Other areas of growth are perhaps less method and culture we have worked so hard visible but equally as vital. We have deepened to develop has demonstrated its effectiveness our commitment to the Scholars’ long-term over the last 22 years, as more than 700 trajectory, creating the new college services Scholars have enrolled at four-year colleges department dedicated to working alongside since the pilot class of 14 Scholars blazed the Scholars once they enter college. The Scholars have consistently risen to the challenges placed in front of them, and in this increasingly daunting educational arena, we felt we could do no less. 4 grow Students throughout the city of Boston are We believe the Scholars will succeed, hungry for the opportunity to succeed in in part by having access to the tools and college. While The Steppingstone Academy is resources Steppingstone has spent 22 years currently serving more than 1,400 Scholars, developing. every year we have to turn away hundreds During their middle-school years, of motivated, hard working students. So, in College Success Academy Scholars benefit 2011, we opened the doors of the College from Steppingstone’s demanding after-school Success Academy. and summer academic programming, spending As friends of Steppingstone well know, the equivalent of 341 extra days of class the path to college is a road not taken for time by the time they reach high school. the majority of Boston public school children, Once in high school, College Success with only 11% of non-exam public high Academy Scholars will stay on track with school graduates receiving a degree from a weekly academic tutoring, college counseling four-year college. and financial aid assistance, and positive role We believe the number of students earning modeling from peers and mentors through a four-year college diploma can grow. college graduation. We believe that Steppingstone’s culture The College Success Academy currently of achievement and rigorous academic serves 78 Scholars, based in a cluster of three preparation will allow more Scholars to K-8 Boston public schools. In the coming reshape their expectations for success. years, Steppingstone seeks to scale this program across the city.

Emily Aquino Gonzalez, a 10-year-old College Success Academy Scholar, lives in Brighton and is a fifth grader at the Gardner Pilot Academy. “College Success Academy has helped me get better at math because it teaches me things to help me in school, like area and perimeter, so I can get more comfortable with them.” Emily dreams of going to Boston College and wants to be a veterinarian when she grows up. 5 Eckerd College Savannah College of Art & Design Emmanuel College Simmons College (7) Emerson College Southern Connecticut State University Endicott College (2) Spelman College (6) next steps Fisk University Springfield College Fitchburg State College St. Francis College College Graduation Florida A&M University St. John’s University Steppingstone Scholars have graduated from Fordham University (4) the following colleges and universities: Framingham State University (2) Stonehill College (2) George Washington University (4) Suffolk University (3) American International College Georgia State University Syracuse University (5) Amherst College (2) Georgetown University (2) Temple University (4) Ashford College Georgia Institute of Technology Trinity College, CT (2) Babson College (4) Gordon College Trinity College, D.C. Barnard College (2) Hamilton College (2) (6) Bates College Hampshire College Tulane University Becker College Hampton University (3) Tuskegee University Bentley College (2) Harvard College (12) Union College Berklee College of Music Howard University University of California, Berkeley Boston College (11) University of California, Davis Boston University (16) Johnson & Wales University (2) University of Connecticut Bowdoin College (5) Lasell College (3) University of Brandeis University Lesley University Amherst (15) Bridgewater State University Maine Maritime Academy Boston (15) (7) Manhattan College Dartmouth (2) Bryant University Marlboro College University of Miami (3) Massachusetts College of Art & Design (2) University of New Hampshire Carnegie Mellon University Massachusetts College of Pharmacy University of North Carolina, Chapel Hill Cheyney College and Health Science (4) University of Pennsylvania (4) The Citadel Military College Massachusetts Institute of Technology (2) University of Phoenix Clark University (2) 6 Middlebury College University of Rhode Island (2) Clarkson University Mount Holyoke College University of Richmond Colby College Morehouse College University of Rochester College of the Holy Cross (5) University of Southern California (3) Columbia College, IL Nichols College University of Vermont Columbia College, SC Northeastern University (20) University of Virginia (6) Pace University University of Wisconsin, Madison Connecticut College (2) Pine Manor College (3) Wellesley College (2) Curry College (2) Providence College Wentworth Institute of Technology (2) Dartmouth College (6) Regis College (2) Duke University Rensselaer Polytechnic Institute Williams College (4) Eastern Nazarene College Rhode Island School of Design Yale College (6) Salem State College Santa Clara University National Partnership for Educational Access Lack of academic preparation, limited understanding of the complex college admission and financial aid application processes, and rising tuition costs combine to NPEA members include: keep millions of underrepresented students Aim High from opportunities afforded by a college A Better Chance education; at the same time, the demand Breakthrough Collaborative for a college-educated work force continues to grow. In addition to increased lifetime The Common Application earnings and higher job satisfaction, college Horizons National graduates can expect more job opportunities Johns Hopkins University Center for Talented Youth and lower unemployment. The stakes are KIPP Foundation high, and the myriad of challenges facing Milton Academy underrepresented students cannot be MIT Office of Engineering solved alone. Outreach Programs Steppingstone is committed to building New Jersey SEEDS the field of college access and success through Prep for Prep its National Partnership for Educational The Princeton Review Access (NPEA). NPEA enables non-profit Project GRAD Atlanta, Inc. organizations in 31 states (and counting) to Summer Enrichment at Dartmouth learn from one another in order to increase Teach for America and improve the educational access oppor- University of Washington Dream Project tunities they offer their students. With more than 225 members, NPEA reaches more than 100,000 students. Every year, NPEA expands its services to members including leading college tours, creating regional meet-ups of college access programs, and distilling and disseminating 7 on-line research. In 2011, the third annual conference of NPEA members, Developing 21st Century Leaders: Creating Paths to Success, was hosted in Atlanta, Georgia with Students from NPEA-member organizations participate in 261 attendees putting their heads together local college tours. and collectively improving the quality and reach of their college access services. 8 engage Philanthropists have choices in Boston The voices in this gift report exemplify and every other city—choices about what the different facets of the Steppingstone kind of programs they want to support giving community. But the one characteristic and what kind of impact they want their that all of our donors share is that they feel gift to have. At Steppingstone, we have engaged in what Steppingstone is trying Board of Advisors Board of Ambassadors been so fortunate to attract foundations to accomplish. As Allison notes, “I have Ann S. Coles, Ed.D. Jennifer Berylson Block and individuals alike who want to make an witnessed the powerful and significant impact College Access Senior Fellow, Linda Borden investment in the educational programming The Steppingstone Foundation has had on ACCESS Katie Bramley we offer to underserved Boston schoolchildren. the lives of Boston schoolchildren. It is a William Fitzsimmons, Ed.D. Rob Broggi In 2011, Steppingstone created two boards privilege and an honor to be part of such a Dean of Admissions and Financial Aid, Tricia Claudy in addition to its Board of Directors, the Board smart and effective organization.” Harvard College James Coughlin of Advisors and the Board of Ambassadors, Laura DeBonis Chris Gabrieli whose members generously share their expertise Darren Donovan Co-founder and Chairman, Mass 2020 and commitment to Steppingstone’s mission. and Partner, Bessemer Ventures Betsy Edie Allison Johnson, Steppingstone Board Rick Edie Paul Grogan Jennifer Mugar Flaherty member and supporter, reflects, “I know that President & CEO, The Boston Foundation my gift to Steppingstone has tremendous Jonathan Goldstein Joanna Jacobson Scott Jaeckel impact on the future lives of these committed Founder and Managing Partner, Jana Karp, M.Ed. schoolchildren. The ripple effects of a high Strategic Grant Partners Gord Kluzak caliber education are long reaching for Thomas Payzant, Ed.D. Libby Mallon Steppingstone families and the community Professor, Harvard Graduate School of Anne Mitchell at large.” Education and Former Superintendent, Marsha Perreault Boston Public Schools Drew Pluhar Karl W. Reid, Ed.D. Christian Porter Senior Vice President of Academic Pixley Schiciano Programs and Strategic Initiatives, Anthony Schweizer United Negro College Fund Rob Small Jennifer Weymouth 9 Allison Johnson, principal at Allison Johnson Design, joined Steppingstone’s Board of Directors in 2004, drawn to its mission of serving Boston’s motivated, hard working youth in search of a college education. “I am proud to be a part of an organization that provides school- engage children a high level of academic teaching along with support services to help them succeed in their educational goals.” FOUNDERS’ CIRCLE PRESIDENT’S CIRCLE Sarah & Peter Monaco F Constance B. Coburn & $50,000+ $10,000 TO $49,999 Fidelity Foundation James DeK. Houghton D Kristin & Stephen Mugford D The Cosette Charitable Fund V Anonymous F (3 Gifts) Anonymous H Brooke & William Muggia Kerrie & James Coughlin D Anonymous D Anonymous D Marion & David Mussafer D Lisa & Todd Cronan D Anonymous Abrams Foundation V Thomas O’Donnell & Christina Laura DeBonis & Scott Nathan L.G. Balfour Foundation Bain Capital Children’s Charity LTD F Wing-O’Donnell/The Karen Wing Betsy & Rick Edie H Mrs. Leonard Block H Bank of America Charitable Family Charitable Foundation D Philip J. Edmundson/ The Boston Foundation Foundation F Hope & Mike Pascucci William Gallagher Associates Brian & Karen Conway F Joshua & Anita Bekenstein Amelia Peabody Foundation Gretchen Effgen & Betsy & Michael Danziger H Charitable Fund The Harold Whitworth Pierce Anthony Schweizer V John & Laura Fisher H John G. & Amy Smith Berylson F Charitable Trust Michael P. Esposito The Ford Foundation C. Hunter Boll F The Plymouth Rock Foundation F Jennifer Mugar Flaherty & Joanna & Jon Jacobson F Kate & Chuck Brizius F Elizabeth Riley & Daniel Smith Peter G. Flaherty II V Allison & Edward Johnson F Virginia Wellington Cabot Foundation Kristen & Thomas Roberts/ Nancy & Richard FriedmanH Liberty Mutual Foundation, Inc. D John & Stephanie Connaughton D Roberts Family Foundation Debbie & Keith Gelb V Isabelle & Ian Loring D David & Victoria Croll F Stephanie & Adam Rogers Holly McGrath & David Bruce/ Lucy & Mike Danziger H The Richard Eric Rosenberg F Highland Street Foundation D Peggy & Dick Danziger H Foundation F Medha Sinha & Arthur G. Epker III F Dean Welfare Trust D Pixley & Kenneth Schiciano William E. Schrafft and May and Stanley Smith Sandy & Paul Edgerley V Bertha E. Schrafft Charitable Trust Charitable Trust Bridgitt & Bruce Evans John & Susan SimonH Richard & Susan Smith Family Mrs. Donald Fisher Christine & Robert Small D Foundation Hilary & Chris Gabrieli D Marshall Smith The Tudor Foundation, Inc. Kate & Tom Gilbane D Mary & David Solomon Amy & John Weinberg F Kaia & Jonathan Goldstein “Volunteering at Steppingstone is Charles Hayden Foundation State Street Foundation V my way of ‘paying back’ the help Kenneth W. Hitchner Jennifer & Seth Stier V and support I got from a number of Barbara & Amos Hostetter D Third Sector different sources growing up.” V John H. and H. Naomi Kim Hsu-Barber & Jeffrey Barber Prithvi Shankar, Associate at Tomfohrde Foundation Olga & Scott Jaeckel F Stockbridge Investors, Berkshire Jenny & Sandy Weymouth/ Karen Kames & Christopher Gaffney F Partners and Steppingstone D Karp Family Foundation Hess Foundation SMASH Volunteer J. C. Kellogg Foundation D Connie & Sankey Williams V Timothy Ingrassia The Esther A. & Joseph SCHOLARS’ SOCIETY Darlene & Gerald Jordan Klingenstein Fund, Inc. H Tania & Gordon Kluzak F Jeffrey B. & Janet Larson/ $5,000 TO $9,999 Polly & Kevin Maroni The Larson Family Foundation D gifts Melora & Andrew Balson Anne & Colin McNay H Denotes donors who have made Linde Family Foundation V Mr. & Mrs. James A. Block F Barbara & Richard Melvoin F gifts for at least 20 consecutive years. Anne R. Lovett & Jennifer & Jonathan Block D Lisa & James Mooney D Stephen G. Woodsum F F Denotes donors who have made Marina & Walter Bornhorst Martha Mugar The Ludcke Foundation gifts for at least 10 consecutive years. Boston Scientific Foundation Marsha & Justin Perreault V Carolyn & Peter S. Lynch Katie & Donald Bramley Emily & Drew Pluhar D D Denotes donors who have made Libby & Jeff Mallon/ Deb & John Brennan/ Emilie & Richard Powers gifts for at least 5 consecutive years. Kahn Charitable Foundation V Hunt Street Fund V Maurice & Luly Samuels V Tristin & Martin Mannion F Denotes donors who have made Susan Okie Bush F Jeanne & Bob Savitt F gifts for at least 3 consecutive years. Andy & Linda McLane F Bushrod H. Campbell and Ellen & Steve Segal V Meredith & Jonathan Meeks Adah F. Hall Charity Fund D Richard, Ann, John & James Anne & Jeff Mitchell V Andrew A. Chisholm Solomon Foundation Jennifer & Paul Mitchell Mrs. Peter H. O. Claudy F Carolyn & Ken Swan D Christensen-Dunn Early Diana & Todd Knightly Jessica & David Aronoff Gene T. Sykes Foundations Fund Connie & Peter Lacaillade Marie & Alex Attia Suzie Tapson & Gordon Burnes D Michael & Barbara Eisenson F Kate Lubin & Glen Sutton D Robert P. Ball F Polly & Ming Tsai Lee & Jack Englert F Alecia & Frank Manning Beth & Max Bardeen V Wells Fargo Foundation Lucas Evans Anne & Paul Marcus Cheryl & Adam Bendtsen Nick & Tricia Winton Angela & Joe Farina Rania Matar & Jean Abouhamad Elizabeth & Coleman Benedict The Fieldstone Foundation V Pam & Stuart Mathews V Fred & Tricia Bentley F BENEFACTORS Fisher Family Karl & Debbie Matthies Sheri E. Berman & Gideon Rose/ $1,000 TO $4,999 Joan FitzGerald V Family Foundation The Baobab Fund F Scott Friend & Leslie Riedel/ Suzie & John Montgomery Dr. William Boyd & Anonymous D Harris Family Foundation F Kelley Murphy F Ms. Deborah Blish D Anonymous (2 Gifts) Rebecca & Michael Gamzon F Rona & Randy Nelson Sophie Branson-Gill Catherine & Paul Aaron Sandy & Dozier Gardner D AB&J Noyes Foundation Kerry P. Brennan “From their work ethic as children to Erica Adler Nisa Geller & Jeffrey Tannenbaum Joe O’Donnell Marilyn & Robert Broege their accomplishments as adults, The Sidney & Beatrice Albert Tricia & John Glass Caroline & Soren Oberg Peggy & Russ Brooks Steppingstone Scholars are truly Foundation V Deborah Glotzer Laura & Steven Peck V Charles & Kathryn Brown inspiring! Everyone at Steppingstone Nichole & Richard Aldrich/ Leslie & Stan Godoff Mary & Greg Petrini Liese & David Brown is committed to quality. Students, RA Capital Associates D parents, faculty, staff, and the Board Sharon Grady Michael & Emily Phillips Mr. & Mrs. Warren H. Burroughs, Jr. D Kristen & James Atwood work together in the pursuit of Liz & Art Greenwood Suzanne & Joe Pilkerton Susan Busch V excellence at all levels.” Elyse & Bruce Balder The Guthrie Family Foundation Julie & Michael Posternack Nancy & William Bussey Carol & Brett Batchelder Ross & Robert Henderson Ronn Bronzetti & Sara Reineman Katie & Paul Buttenwieser F Danielle Heard, Head of School, The Frances & Benjamin Benenson Blair & Jacqueline Hendrix V Rachel Rock & Joshua Levy Alessandra Calaguire Nashoba and Former Foundation, Inc. William H. Hess Jean Weinberg Rose & Jeff Rose F Elizabeth Caraboolad Steppingstone Executive Vice President V Meg & Tomas Bergstrand Kira & Robert Hower Abigail Ross & Mark Goodman D Brian Carey of Programs and Operations Lisa & Robert Bertelson Skip Hughes & Barry Tubman V Lindsey & Matt Russell Jenny & Michael Ceppi Epstein/Carver Family Foundation F Rob Biederman Virginia Hutcheson V Rebecca & Mark Scheier V Alberta Chu & Murray Robinson Caroline Erisman Tim & Tricia Blank F Stephanie & Matthew Kadnar D Caterina & Dan Schwinn F Robert Clagett V Anne & George Favaloro V Amy & Ben Bloomstone D The Klarman Family Foundation Robert Segel & Janice Sherman F Adam Cohen Laurel & Ken Ferretti V Linda & Mark Borden Charlotte & Charlie Kline V The Shane Foundation F Claire J. Cohen Jessica Fidgeon & Boris Pluskowski Bruce Breimer & Lorna Doran F Stefani & Leonard Shavel F Lauren & Ian Cohen Michael Flaherty V Jessica & Rob Broggi Brent Edward Shay F Ashley Coleman Valerie & Doug Fleishman Bill & Barbara Burgess D Esther Simon Charitable Trust H Damon Coleman Stephanie & Tom Fletcher Amanda & Jeff Burton Peter J. Solomon Family Foundation Sarah & Lance Conrad The Fletcher School’s Africana Julie & Kevin Callaghan Abby Sosland & Mark Goodman D Peter Corbett Cultural Night Teresa & Douglas Chope V Sovereign Bank Foundation Alison Corey Lauren Fontenot & Tim Bottomley V 11 Meredith & Eugene Clapp Jill & Michael Stansky Sheila & William Corkhill Jill & Michael Fotiades Dr. John & Bette Cohen Laura Hodges Taylor & Scott Taylor Hope & Louis Crosier F Emily Gamelin Wendy & Travis Connors Zeynep Ton & Carlos Gonzalez Renée & Bill Curtin Robin Gaynor Tom & Line Corcoran Charlotte R. Cramer Wagner & Jennifer Cusack & Michael Baker Kelly & Michael Glew F Kate & Read Coughlin Herbert S. Wagner, III V Motoko & Gordon Deane Tyler Godoff Caroline Curtis & Patrick Hayes V “We have been impressed with Kathleen Walsh Lindsay & Kristen Deane Regina Goldman Kristina Dakos Steppingstone’s college completion Marilee Wheeler F Ankita Deshpande Nader Golsorkhi Sheena & David M. Danziger F agenda: creating a network of organiza- Jane & Jim Devins tions helping students navigate the public Sara L. Wragge F Melissa Gorham Margot & Jon Davis Stacylyn Dewey school system and access an education Donald & Martha Greenhalgh F Michelle & Thomas Davis Rob & Dubs Dickey D that prepares them for a post-secondary PATRONS Elizabeth & Andrew Hahn H Ted & Coleen Dinneen F Abe Donner degree, through their new College Success $250 TO $999 David, Becky, Margie & Rose DiSanto & Stephen Starnes F D Academy and the National Partnership for Beth Duggan Tucker Hamlin D Darren J. Donovan V Educational Access.” Anonymous (2 Gifts) Jennifer & John Eielson Rachel Happel Sadhana & Rick Downs V Alyssa & Brad Adams Sacheen Carr Ellis & Howard Malatzky Paul Grogan, President & CEO, Chinita & Michael Hard V Bertram A. & Ronald M. Druker Dave Alexander V Barbara & John Emery D The Boston Foundation and Steppingstone Cynthia A. Harmon V Charitable Foundation Andrea Archer Advisory Board member Alethea & Patrick Harney Mr. & Mrs. David S. Lee F Jennifer Schmelter & Juan Rivera Erica Allen Baron Hartley D Robby & Geoffrey Levy V Rachel Segall & James Hurley Nancy Allison Elizabeth & David Hayes Frank Libby Robert F. Shapiro, Jr. H Jill Ambrose Julie & Kevin Hayes V Mr. & Mrs. Jon R. Lind V Ben Shealey Ashley Amo Danielle & André Heard F William T. Lynch & Ingrid G. Larson F Mark R. Simmons, Jr. V Jeremy Angoff’s Class, Tamara & Peter Hermann Kristina Lyons Jennifer & Tom Sleeper V Cambridge School of Weston Kristin Holborn Justin Macione Sarah & Steven Smith Ingrid Anid Abigail Housen & Harry Lasker Mr. & Mrs. Francis Maher F Tom Southworth Michael Ansman Mary Lou Howard & Thomas Buckley Jonathan Marshall Robert A. M. Stern F Kimberly Apfelbaum Joan Howland & William Webber F Carl Martignetti Carol & Howard Stoner Valerie Auyeung “The benefit of Steppingstone extends V Kimberlee Bachman V Carmine & Beth Martignetti Shannon Stowell beyond the individual Scholars, creating a Caroline Baker Marion Martignetti & James Stuart multiplier effect that positively impacts their Lillian Barrett Robert Gaughen V Nancy & Keith Stuart schools, peers, families, and the generations Elizabeth Matlack Caitlin Sullivan Cheryn Bastable Byron to come. Whether motivating their siblings Victoria & James McCarthy Alex Tannebaum Suzanne J. Battit D to work hard in school, serving as leaders S. Bailey McCool V Allyson & Mike Tarson Brittany Beale in the workplace and their communities, or James McGrath Kerry & John Tavernese Brooke Beatt one day setting the example for their own Molly McGuinness & Jon Gistis V Sandra & Bob Taylor V Nell Beattie children to go to college, Steppingstone Lynne Menichetti Carlota & Mark Taylor Maggie & Peter Begley Scholars make a meaningful difference Jamie Millard Brian Tessler Victoria Bendetson V to society.” Gillien Todd & Kingsley Taft Tara Benedetti “We believe that college should be a Anthony P. Monaco MD F William R. Fitzsimmons, Dean of Admissions Anne Benjamin realistic goal for all those who will benefit Victoria Moskowitz & Kathleen & Mark Trachy and Financial Aid, Harvard College and Geoffrey Bernstein from attending. Steppingstone helps make Lee Glickenhaus V Caroline & Tommy Traugott Steppingstone Advisory Board member this dream a reality for talented kids who Colin Motley Jean & Raymond Troubh Michael & Judy Bernstein Michael Carey might otherwise fall through the cracks in Frannie Moyer Elizabeth & Richard Tucker V Stephanie Bershad F Catherine Carmichael the system. By sharpening skills, building Greg & Laura Mulready V Arzu & Murat Tuncata Brian Berube & Susan Wolff Julia Carney expectations and illuminating a path, Maria & Greg Murphy Stephanie Turchi Elizabeth Berylson Kaitlin Carroll Steppingstone helps motivated children Nicole & Terry Murray Kenneth Tutunjian Patrick Bigelow Kevin Caulfield become college graduates.” Dorothea Nelson Tracy & William Ullman Elizabeth Blampied Rebecca Upham & Will Viner Rachel Bloomekatz & Micah Berman Lynda Ceremsak & F. George Davitt Medha Sinha and Bart Epker, PAR Capital George & Audrey Nichols Lauren Blute Young May Cha and Steppingstone Board member Anne O’Neil & James Ricotta Alison & Greg White James E. Boasberg Bruce Chafee V Linda & Whit Painter V Sylvia D. Whitman D D Chapman Family Jessica & Jonathan Hyde Matthew Pearlson Doug & Abby Wolfson Kathryn & John Boger Community Foundation of Southeastern Kara Boon Russell Chase Mr. & Mrs. Stephen J. Pellegrino V Diana Wood Massachusetts—Hope and David V V Edward Chen 12 Carolyn & Phil Perelmuter Kate & Hamilton Wood Patricia Bowler & David Wendell F Lila Claghorn Jeffrey Fund Tom & Trish Perlmutter Tricia & Tom Wynn Meghan Brahm Nick Clark V Julia & Peter Johannsen Kevin C. Phelan Mark Branco/Littleton Middle School V FRIENDS Dane Clemow Mr. & Mrs. Edward C. Johnson 3d Katie & Brooks Porter Ryan Breakey UP TO $249 Dennis N. Cohen DMD Stephen Jones Christian & Russ Porter Madeline Brooks V Sam Burke Dimitri Cohen Char Joslin & Les Cheek Jonathan Prosky V Anonymous V (2 Gifts) Cameron Burnham Samantha Cohen Mary & Seth Kaufman Elizabeth Rampolla Anonymous (6 Gifts) Laura Burnham Bragdon Andrew H. Cohn V Jeannette Kearney Julienne & Andrew Redmond Brittany Abbott Alexandra Burns Sarah Coletti Michael Kearney Andrea & Karl Reid V V Jon Abbott & Shari Malyn D Alaska Burr Joanna Confalone V Allison Kent & Robert Trumbull Amanda Ribiero Kim Abiyounes Allison Burroughs Jillian Connell JT Kerner Brian Richter Catherine Abrams Shirley & Eugene Buzderewicz Kerry Connor Nicole & Arvind Khanna V Sheila & Richard Riggs Susan B. Abrams Lindsey Byrne Beth Conway Erin & Hyung-Do Kim V F Kristin Roda Stephen Affatigato Kathleen & Larry Byrnes F Molly Conway Louise Totten Knabe Mr. & Mrs. Matthew L. Root D Jennifer Akins V Jay Caloras Jeffrey Coombs Kathy Knight Judy Ryerson & Keld Agnar Martina Albright & Jon Bernstein D Ania & Carlos Camargo V Michael Cooperman & Maria Schiff F Jodie Krisiak Chanda & Carl Samuels Charles Allen Katy Capo Jacqueline Cossentino & Bernadette & Matt Santangelo Keith Whitescarver Shannon Costello Patricia & William Fitzsimmons Saul Gorman Tim Judson Peter & Porter May D Jessica Courtney V Andrew Folley Danielle Goryl Evelyn J. Junge Abby Mayer Natalie Curtis Sarah & Charlie Forbes Hilary Goss Kathryn Kargman V Elena Mayfield Alex Cushman James Franco Britt Gottlieb Julia Karol Catherine McCool Ryland Dandreta Emily French Ian Grajewski Thomas Karthaus Kate McCoubrey Mandy Dauten Debra & Steven French Christine Grant Rob Katz Tricia & Geoffrey McGean F Rachel Davidson Elizabeth & D. Richard Friary V Michael Greenberg Margot Kearney V Anne McGowan Ari Davies Elizabeth Friel Lisa Grodsky Whitney Keefe Elizabeth McGowan & Peter Stuart Andrew Davis Timothy Furcillo Elizabeth Gulliver Megan & Andrew Kelley Jacqueline Davis Catherine Galica Lara & Grant Gund Brian Kelly Matthew Davis Megan Gallagher Lindsey Gurian June Kempton/Littleton Middle School Caitlin Day-Lewis Courtney Gardner Julia Halleran Matt Kessler Nora Delay Joan Garvey/Littleton Middle School Elizabeth & Edward Halloran Alexei Kissell Drew Delorey Yurika Hashizume Geffin & Maura Halloran M. Scott Knox Traci Demuth Laurence A. Geffin Michael Hamberg Catherine & Douglas Knuth Charles Devens III V Bliss Geisel Tracy Hamm Ann Koch Jackie Deysher Charles Gibson Mike & Leslie Hammer F Erica Krueger Sarah & Reid Diamond Daniel J. Gibson, Esq. Alex Hampton Julie Lamusta Dimitri Dimakis Raya Gildor Jodi Hanover Courtney Langdon “Every child who is willing to work hard should Margaret Dinan Stephanie Gisriel Tom & Emily Haslett F Cliff Lasser & Elizabeth Adams Lasser have the chance to go to a great school and Tom Glenn F Trevor Doe Mr. & Mrs. George Hatsopoulos David Lawton create a better future for themselves.” David Donahoe Lynne & Robert Golden Jillian Hawes Kathryn Lazares Laurie B. Donahoe F Kevin Hawkins Pam & Nicholas Lazares Allison Godoff, Fourth-Grade Teacher, Edward Edward Donahue Emily Hawkridge Kate Leahy Brooke Charter School and Matthew Godoff, Tim Donovan Pat & Jeff Hayden Lindsay Leal Director of Investor Relations, Synergy Investments Co-Chairs for The Crystal Ball annual fundraiser Sarah Dorfman Daniello/ Ashley Hayes Elizabeth Leigh Littleton Middle School Robert Hayes F John Leonard Doreen McGuire Anna Rachel Dray-Siegel Brett Haywood Emily Leventhal Joe McKeever Christine Driscoll V Kate Heffernan Janet Lewis Jill Medvedow & Richard Kazis Page DuBeshter Ayres Heller V Jennifer Lewis & Christopher Buell V Kevin Meserve Karen Duffy & Harvey Gould Mary & Winder Heller John Lieb Paula & Larry Metz Jean-Marc Dumay Katherine Hendren Henry Cabot Lodge Jennifer Miguel Scott Dunn Katie Hendricks Marc Lombardo Cathrine W. Milton “The interest that the Steppingstone D Heather Long Christen Mitchell Sharon & Stephen Engler organization and its dedicated staff Stephanie Hendricks Emily Lord Annie & Matthew Mittelstadt Madeleine Englis have shown in my life, my siblings, Spencer Heydt 13 Alex Moore V Kassie Epstein and the success of the current genera- Ann Hickey Rich Lufkin Sarah Etherington tion of underserved urban students Barbara & William Hickey Brittney Lynch Brian Morris Brandon Wilson Evitt & Steven Evitt is the reason why I give back as a Alison Hiler Bridget Mackey Sarah Peck & Sean Morrison Anne Marie Evrivriades Steppingstone Alumnus.” Steve Hinds Chris Mackey Peter A. Mullin V Jon Fador Geoffrey Hladik Holly Maloney Dan Murphy J.P. Jacquet ’95, The Roxbury Melissa Falcucci Marland Hobbs George Mandt V Andrew Myers Latin School ’01, Harvard College Kristin Farioli Mansfield Holmes Laura Mangurian V Duncan Nadler ’05, Teachers College Columbia Michael Farley Caroline Hostetter Ivette & Ivan Manrique Christopher Naumes V University ’12, and Associate Director D V John Faubert & Elizabeth Pratt of Portfolio Planning, New York City Ben & Lisa Humphreys Jackie Mantica Lee Navins Kate Feiner Department Of Education Madeline Hurst Ashley Marlenga Axel Nehr Jonathan Ferrugia Will Hurwitz Katie Maroon Elizabeth & Marshall Neilson F Mark & Tobey Fidler F Susan Goldstein & Jerry Panter Raymonde Jacquet Margaret & Clayton Marsh V Marianne & John Nelson F Josh Fischel Jill & Eric Gordon Sufia & Yasin Jamal V Kim Marshall F Tram Nguyen Edward Fish Andrew Gorgone Matt Javitch Sara Masciantonio Max Nibert D Sophie Fitzgerald Chris Gorgone David & Mary Johanson F Rick Masucci Arndt. W Nicklisch V Janet Gorgone Cindy Joyce Katherine Matarazzo Mike O’Brien Schuyler Reece Phoebe Stone Steppingstone would like to thank The Park School Nat Reimers The Strid Family the following corporations for their The Ritz-Carlton, Boston Debbie & Joel Reisman Michaela Suliman generous support: The Roxbury Latin School Elizabeth Resor Garrett Sullivan Sammy Leigh Photos Thomas Reycraft Joseph Sullivan $5,000 + Serengeti Asset Management Abigail Reynolds Mark R. Sullivan The Charles Hotel Simplicity Chef Delia Rissmiller Terrance Sullivan Di Santo Design St. Paul’s School Sarah Robertson Jenna Swan-Gross Ropes & Gray LLP Starbucks Bridget Roche Brian Swett/Calvert Foundation studiocom The Boston Ballet Cristina Ros Alan Tannenwald Tie Your Apron “A gift in any amount is a BIG investment in Christine Ruocco Matthew Tedeschi V UP TO $4,999 Veritas Tutors, LLC the life of a Scholar who will benefit from Sarah Rutledge & Will Crump D Nate Thorne Allegra Print & Imaging Wachusett Mountain your support as they pursue their goals.” Matt Salmon Rebecca & Kevin Tidmarsh V Anthony’s Pier 4 Watermill Management Company Artu Natanaelle Orisma ’00, Boston Latin Tedd Saunders Warren Tolman The Westin Copley Place Beacon Hill Bistro School ’06, Boston College, Political Wendy Savage Mark A. Tracy D The Wine Bottega The Beehive Science ’10, American University, Master’s Rebecca Sawyer Thu-Hang Tran The Winsor School Belmont Day School degree in International Studies and Kate Scales Peter Trombino Belmont Hill School Conflict Resolution ’12, Research Assistant, Sarah Scales Stewart Tucker Betsey Johnson U.S. Agency for International Development Patrick Scanlon Nancy & Tony Ullman H Boston Beer Company Mimi Schatz John Van der Stricht John O’Leary Buttonwood Inn Michael Schutzer Alejandra Viloria Donna & Robert O’Leary The Cambridge School of Weston Abigail Scully Katie Wadsworth Thomas L. P. O’Donnell F Castanea Partners Lisa See Carol & Dwight Walker Drew Oppenheimer Leeya Shaked Nick Walker Meghan Ottolini Charles Street Supply Co. & Hardware Leigh Shapiro Alexa Walls Elizabeth Parfit Crush Boutique Justin Shaw Caitlin M. Walsh Tim Parks Derby Academy Linda Shea Tommy Walsh Meggie Patterson DeScenza Jewelers “I have been involved with Steppingstone Tim Sheehy V David & Gwen Wanger F from near inception. My interest originated Tom & Ellen Payzant Fay School Andrew Shepard Elizabeth Ward V as a young professional who tutored for Virginia Pedroletti V The Fenn School Jane Shiverick Jessica West Steppingstone on Saturday mornings. I Sam Peelle Four Seasons Hotel, Boston Richard Silverman F Betsy Wheeler believe Steppingstone has a strong model to Gina Pellegrini Friel Golf Management, Co. Alden Simonds G. Hubbard White help Boston schoolchildren obtain a superior Karen Pick F Gilt City Alyson G. Singer V Alice White Zarov education and life-changing opportunities.” Morgan. W Pierson V The Governor’s Academy/ Tatyana Sisk Edwin Whittemore Brent Edward Shay, Vice President, Wells Morgan Pile Dr. Peter H. Quimby 14 Paul Skinner Jessamine Wigfall V Fargo Retail Finance and Steppingstone Alex Plaisted Grill 23 & Bar Elizabeth Skovira Courtney Wilkinson Board member David Pogorele Jen Hawkins Events Chris Sleeper Jess Williams Jason Post Hingham Savings Bank Steppingstone would like to thank John Smiroldo Matthew Wittman Julie Powell ilexDesigns the following corporations for their Allison Smith Raymond Wu Emily Powers Inn at Mill Falls matching gifts: Janet Smith & Ted Martellini Caroline Yanofsky Kristin Quinn Ippolita Mason Smith Samantha Yanofsky Alec Radzikowski Isabelle’s Curly Cakes Anonymous Kelly S. Daisuke Yasutake Robert Rae Joi Salon Abrams Capital Management, LLC Alessandra Sozio Bradley Zancanaro Weatherly Ralph JoJo Loves You Adobe Systems Incorporated Randi Spoon Arthur Zeckendorf Katherine Ramsey KPMG Bank of America Foundation Nikoletta Stagias June Zheng La Campania BNY Mellon Alexander Randall Arthur Stanton V Lucy Randall Lucca Goldman Sachs Foundation Dave Stein This report is accurate to the best of Dr. Adrienne Randolph Mandarin Oriental Hotel, Boston Grantham, Mayo, Van Otterloo Joan & Robert Stein our knowledge. We sincerely apologize Daniel Rasmussen The Meadowbrook School of Weston & Co. LLC Neely Steinberg for any errors or omission. F Mint Julep Natixis Asset Management Advisors Elizabeth Ratto & Roy Y. Liu Taylor Stevens & Peter McIntire Newton Country Day School State Street Foundation Neil St. John Raymond, Jr. Trina & Newcomb Stillwell John Reece Ocean House Marina Wells Fargo Foundation Commonwealth of Massachusetts David Huynh ’00 teams, quality hiring, problem solving Barbara Okafor ’06 (Boston Latin David Medina ’99 Adrian Kozikowski ’00 and issue resolution, and conveying Academy) was an honor roll student, Brooke Mills Katherine Mella ’00 an organization’s mission to external captain of the track team, and a Mark Morrison Natanaelle Orisma ’00 audiences. participant in the competitive Project The Steppingstone Staff Tran Vu ’00 We are grateful for the Berylsons’ Success summer program at Harvard The Steppingstone Class of 1991 Shawn Le ’01 thoughtful and generous investment in Medical School. She is in her first The Steppingstone Class of 2001 Geraldine Medina ’01 Steppingstone’s future. year at University of Massachusetts/ Esther Stone Courtney Monahan ’01 Dartmouth. Betsy Williams Jennifer Pierre ’01 2011 SCHOLARLY Cassandra Vickers ’06 (Newton Jennifer Zolot JM Takeda ’01 ACHIEVEMENT HIGHLIGHTS Country Day School) was a National Anonymous ’05 Alejandra Báez ‘05 (Dana Hall Honor Society member, researched “When we learned that some Steppingstone Gifts were made to Steppingstone in School) received the Katherine T. cancer at the of MIT Scholars might have great difficulty attending memory of the following individuals: Thank you to the following individuals Gregory Award on Class Day, given and Harvard, and received academic college because their immigration status for enabling Steppingstone Scholars to a student of high ethical standards, Red Ribbon distinctions each year at prevents them from receiving the financial aid Carole Brown Burnham to attend Summer@Brown, a residential genuine concern for others, and NCDS. She is attending the University they need to access college, we worked with Mr. & Mrs. William E. Conway pre-college preparation program at outstanding character. She is of Pennsylvania. The Steppingstone Foundation to create a Ronald Panter Brown University: attending Georgetown University. Ikechukwu Okwerekwu ’07 (St. pro bono project where our lawyers can work Bright Osajie ’05 (Milton Academy) Sebastian’s School) was inducted into with Scholars and their families to identify We are so grateful for the generous Marina & Walter Bornhorst was co-head of the cultural club Onyx, both the National Honor Society and potential avenues for immigration relief.” support of Steppingstone Alumni. In Jennifer Cusack & Michael Baker a member of the chamber singers Spanish Honor Society for his demon- 2011, 38 Alumni made donations Lee & Jack Englert strated scholarship and leadership. He Ropes & Gray LLP (Front row, L to R: Daniel group and an all-male a cappella to Steppingstone. Names in bold Leslie Riedel & Scott Friend spent summer 2011 working at Boston Devoe, Josh Levy, Heather Sprague, and ensemble, worked at Big Brothers denote gifts of $100 or more. Rachel Rock & Joshua Levy Medical Center’s Summer Enrichment Ming Zhu. Back row, L to R: Gina Riccio, Big Sisters, and is currently in his first year at University of Massachusetts/ program. Christy Rodriguez, Roz Nasdor, Stacylyn Tegan Leonard Avellino ’91 Thank you to Julie & Michael Amherst. Dewey, and Sandy Dang.) Natasha Velickovic ’91 Posternack, former Steppingstone Aman Stuppard ’07 (Roxbury Latin) was treasurer of his class, a tour Ivan DeJesus ’92 employees, for donating to Andrés Cardona ’06 (Boston Latin Gifts were made to Steppingstone in guide on campus, a varsity athlete, Carlos DeAndrade ’93 Steppingstone in lieu of giving guest Academy) was awarded the Brown honor of the following individuals: and a host for prospective students. Dr. Alicia Genisca ’93 favors at their wedding. University Book award at Boston Latin Academy’s National Honor Society He has also volunteered as a Noah & Ryan Adler Alex Bien-Aime ’94 induction ceremony in the fall of instructor for boys under age 12 in Beth & Max Bardeen Carlos Castillo ’94 BERYLSON FUND FOR 2011. He is in his first year at Boston Dorchester and teaches Sunday Jennifer & Jonathan Block Reginald Farina ’94 LEADERSHIP DEVELOPMENT University. School at his church. Benjamin Jay Block Asjah Monroe ’94 Recognizing that attracting and Nancy Kacupaj ’08 (Park School, Dexter Blumenthal Kevin Tran ’94 Angie Isaza ’06 (Boston Latin School) retaining staff is a key issue for Beaver Country Day School) was Kerry P. Brennan Donavan Brown ’95 & Lauren Brown and Melissa Rodriguez ’06 (Boston not-for-profits, Amy Smith Berylson elected president of her class. 15 Herrick Chapman & Liz Cohen Caroline Cole Colicchio ’95 Latin Academy) received scholarships and John Berylson established Lee Coffin & Tufts University Yvonne Dabreo ’95 from The Posse Foundation. Angie is in Ashley Santelises ’08 (Southfield The Berylson Fund for Leadership Sarah Conrad Marcus Haymon ’95 her first year at Bucknell University, and School) spent summer 2011 at MIT’s Development to provide Stepping- Brian J. Conway J.P. Jacquet ’95 Melissa is attending Union College. highly selective Minority Introduction stone’s leadership staff with the Caroline Curtis & Patrick Hayes Joy Kogut ’96 Hury Michael ’06 (The Fessenden to Engineering and Science (MITES) opportunity to engage in high-level Michael Danziger Cynthia Nguy ’97 School, Boston College High) was a program, was named prima (first in professional development opportunities Lee Englert Mary-Margaret Oppus ’97 four-year Honor Roll student, winner of her senior class), and is now an in order to best serve the needs of undergraduate at MIT. Rosie Friedman Emely Orellana ’97 multiple leadership awards (including a growing organization. The Gibson Family Kousha Bautista-Saeyan ’98 The Marguerite Thomson Award for Jide Iruka ’98 Leadership and Openness to Growth), Allison & Matthew Godoff In 2011, Sarah Conrad, Vice President Joanne Jacquet ’98 and received distinctions for excellence Dalinda Ifill ’99 of The Steppingstone Academy and Sonia Lomba ’98 in classics and mathematics. He is in Nathaniel Kellogg eight-year employee, completed a nine- Atakelti Desta ’99 his first year at Colgate University. Jonathan Kranzley month certificate program through the Michael Okoli ’99 Alison & Craig Levy Institute for Nonprofit Management Robyn E. Gibson ’00 Isabelle & Ian Loring and Leadership at Boston University, Jasmine Hicks ’00 Marion Martignetti & which focused on managing effective Robert Gaughen Financial Statements for December 31, 2011 The Steppingstone Foundation, Inc. financials Statement of Financial Position Statement of Activities and Changes in Net Assets

Assets Operating Revenue and Support: Current Assets Fundraising events revenue $ 905,459 Cash and cash equivalents $ 2,103,183 Less cost of direct benefit to donors (108,633) Contributions receivable 1,060,481 Net fundraising events revenue 796,826 Other receivables 4,070 Contributions and grants 3,303,165 Prepaid expenses 120,084 In-kind revenue 245,303 Total current assets 3,287,818 Conference 106,083 Pledges Receivable, net of current portion and discount 115,716 Membership income 61,170 Investment in Limited Partnerships 111,217 Other income 7,269 Property & Equipment, net 156,680 Interest income 2,190 Deposits 64,721 Total operating revenue and support 4,522,006 Total assets $ 3,736,152 Operating Expenses: Program Services: Liabilities & Net Assets Steppingstone Academy 2,359,538 Current Liabilities College Success Academy 535,410 National Partnership for Educational Access 387,254 Accounts payable, accrued expenses and other $ 146,613 Replication 99,310 Deferred revenue 137,345 Total Program Services 3,381,512 Total current liabilities 283,958 Supporting Services: Deferred Rent 141,478 General and administrative 458,002 Total liabilities 425,436 16 Development 700,813 Net Assets Total supporting services 1,158,815 Unrestricted: Total operating expenses 4,540,327 Operating 956,968 Change in net assets from operations (18,321) Board Designated 1,000,000 Property & Equipment 156,680 Non-operating Revenue (Expenses): Total unrestricted 2,113,648 Capital contributions 79,974 In-kind services for website design 50,000 Temporarily restricted 1,197,068 Realized and unrealized gains on investments 3,698 Total net assets 3,310,716 Reserve-pledges receivable (100,000) Total liabilities and net assets $ 3,736,152 Change in net assets 15,351 Net Assets, beginning of year 4,852,488 Spin-off of affiliate (1,557,123) Net Assets, end of year $ 3,310,716

The Steppingstone Foundation is grateful Founded in 1990, The Steppingstone to the following firms who donated or Foundation is a non-profit organization that discounted their services to make the develops and implements programs that design and printing of this annual report prepare urban schoolchildren for educational possible: opportunities that lead to college success. Based on the premise that, regardless of BARTON PRODUCTIONS circumstance, children can achieve at high financials DI SANTO DESIGN levels academically if given the proper BILL MILES PRODUCTIONS preparation and support, Steppingstone PRINTSYNERGY SOLUTIONS programs emphasize rigorous standards and Additional photographs supplied: achieve meaningful results. Steppingstone programs include: Karen Snyder Photography, p7; Allison Johnson’s photo was taken by KCK The Steppingstone Academy Boston Photography, p8; Prithvi Shankar photo Steppingstone Scholars, Inc. Philadelphia by Michael Lutch, p10; Paul Grogan The Steppingstone Academy Hartford National Partnership for Educational Access photo by Richard Howard, p11; Danielle Heard photo courtesy of Belmont Hill College Success Academy Boston School, p11; William R. Fitzsimmons The Steppingstone Foundation photo by David Ryan of , is committed to a policy of equal p12; J.P. Jacquet photo courtesy of treatment for all individuals. University School, p13; Brent Shay photo by Michael Blanchard Photography, p14; © 2012 The Steppingstone Foundation Ropes & Gray LLP photo by Steven This brochure has been printed on recycled paper. Nelson, Fay Photo, p15.

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155 Federal Street Suite 800 Boston, MA 02110 617-423-6300 phone 617-423-6303 fax www.tsf.org Keven Querido ’12, a sixth grader at The Fenn School ‘16, is an avid reader and particularly enjoys the 39 Clues and Percy Jackson & the Olympians series. Math is his favorite subject, and he likes playing soccer with his friends. Keven wants to be a doctor and says, “I was both happy and sad about graduating from Steppingstone. I’m proud of myself, but I’ll miss my teachers and friends. And I can’t believe how lucky I am to be going to The Fenn School!”