2014-2015 ANNUAL REPORT

Giving parents a choice. Giving children a chance. OUR MISSION AND PROGRAM

CSFB is ’s only need-based scholarship program providing low-income Baltimore City students with tuition assistance to attend kindergarten-8th grade at the school of their choice.

We award our scholarships without regard to gender, race, grades or test scores, ethnicity or religious belief.

CSFB OUTCOMES…

CSFB provided tuition assistance to 269 269 students in FY 2015 (July 2014-June 2015). In Baltimore, data from an independent study conducted with funding STUDENTS from The Friedman Foundation measured high school graduation rates and college attendance rates of CSFB scholars. The study reported exceptional results! 49 CSFB scholars attended 49 schools. SCHOOLS IMPROVED HIGH SCHOOL GRADUATION RATES

“Our study found that CSFB scholarship recipients had indeed been highly successful in their post elementary-school educational achievements. Nearly Scholarships are partial – up to $2,000 per all CSFB Alumni contacted had graduated from high school five years after $500 student – with families paying a minimum of PER YEAR $500 per year of tuition. 8th grade – 97%.”

COLLEGE ATTENDANCE BELOW Every family who received a scholarship THE FEDERAL from CSFB is at or below 270% of the federal “Enrollment in college – two-year and four-year – post high school was also POVERTY poverty level. LEVEL very high at 84% five to 10 years after 8th grade.”

CSFB scholarships demonstrate that a relatively small philanthropic investment – the average scholarship was $1,864 last year – combined with a contribution from the family, can provide a private school education, and a better chance of graduating ALL STUDENTS When a family is selected from our wait list, FROM A scholarships are awarded to all eligible children from high school and attending college. FAMILY in that household. CSFB Archbishop Curley MERVO ALUMNI High School Milford Mill Academy Bais Yaakov School for Girls Mount Saint Joseph HIGH Baltimore City College High School SCHOOLS Baltimore Polytechnic Ner Israel Rabbinical College Institute New Town High School Bnos Yisrael of Baltimore Paul Laurence Dunbar Calvert Hall High High School School College Pine Forge Academy, PA Roland Park Country School Cristo Rey Jesuit High School Talmudical Academy Frederick Douglass of Baltimore Senior High School Western High School Friends School of Baltimore Yeshiva Telshe Alumi School Gilman School Yeshivas Ohr Yissochor CSFB Archbishop Borders School Ohr Chadash Academy Institute of Notre Dame Yeshivas Toras Chaim SCHOOLS Auburn School Our Lady of Victory Largo High School (Baltimore Campus) Roland Park Country School Bais Yaakov School for Girls Sisters Academy of Baltimore Mercy High School Baltimore Junior Academy St. Agnes School Baltimore Lutheran St. Casimir Catholic School Middle & Upper St. Clement Mary Hofbauer Bethlehem Christian St. Francis of Assisi Albright College Newberry College Day School St. James & St. John CSFB ALUMNI Anne Arundel Providence Bnos Yisroel of Baltimore Catholic Elementary School Community College Rosemont College Calvary Lutheran School St. John’s Parish Day School COLLEGES Arcadia University Sharei Bina Seminary Cambridge School St. Joseph School (Fullerton) Baltimore City of Tsfat, Israel Cardinal Shehan School St. Mark School Community College Stevenson University Cathedral Christian Academy St. Michael the Archangel Benedict College Talmudical University Cheder Chabad St. Philip Neri School Beis Medrash Toras Chesed The Art Institute of Philadelphia Emmanuel Christian St. Pius X School Binah Institute Thomas Edison State College Day School St. Thomas Aquinas School Boston College Towson University Friends School of Baltimore St. Ursula School Bowie State University University of Baltimore GLA Academy School Talmudical Academy Brandeis University UCLA Berkeley of Excellence of Baltimore Catonsville Community College University of Greater Grace The Boys’ Latin School Coppin State University UMBC Christian Academy of Maryland Cornell University University of Maryland Greater Youth The Lamb of God School Essex Community College Eastern Shore Christian Academy The Unselds’ School Hebrew Theological College Utica University H.O.P.E. Academy Torah Institute of Baltimore I D TECH Virginia State University Holy Angels Catholic School ITT TECH Institute Virginia University Immaculate Heart of Mary John Hopkins University of Lynchberg Jemicy School Loyola University Wesley College John Paul Regional Michigan State University Yeshiva Gedolah of CT Catholic School Morgan State University Life Source Christian School Mt. St. Mary College Mt. Pleasant Christian School Mt. St. Mary’s Mt. Zion Baptist School Northwestern University DONOR LIST

CSFB would like to thank our donors for helping give our kids a chance. Kirsten Lessner Molly Baker Caroline Worrall and Elizabeth Lowe Robin Navarro and Steve Munger Jake and Jennifer Martin Brigid Baroody Kevin and Louisa Murphy Neil and Sayra Meyerhoff Bonnie Belsinger Natalie and Matt Nichols Drs. Redonda Miller and Laura Cadden Kurt Overton $50,000 AND ABOVE $4,999 - $2,500 Ralph Smith Albert Polito Mr. & Mrs. James Case Tom and Laurel Peltier Baltimore Next Generation Sean and Constance Bennett Edward I. Wight, Jr. Matthew and Kelly Moreau John F. and Cynthia Liz and Chris Pope Investing Event F. Barry Bilson Dan and Krissie Verbic Elizabeth Moser Cavanaugh Jim and Anne Porterfield CSF, Inc. Rick, Alexa, Maeve and Timothy C. Naylor Delia and Tony Chiaramonte Paige Price Lockhart Vaughan Foundation Charlotte Corcoran $999 - $500 Angelo Otterbein Carol Cimbolo George Rayburn Harry & Jeanette Weinberg John and Susan Powell Marc and Leonor Blum Cynthia Padgett Natalie Coccagna Diane Robinson Foundation Bradley BEEEM Fund John Porter Luke and Marina Cooper Lee Rock $2,000 SCHOLARSHIP David and Allison Clapp Betsy Sandbower Richard and Karen Corcoran Sean Rushing $49,999 - $25,000 DONORS Steven and Khue Feigenberg Ferrier R. Stillman Anna Dahl Aubrey Schmitz The Gathering Baltimore Stephen Williams Stephen and Amy Dassoulas Buffy Beaudoin-Schwartz Allegis Group Foundation William C. and Mayer Baker Christine Sohn-Woo and Karen Jordan and and Howard Schwartz Clayton Baker Trust Theresa and Jeffrey Becks Doug and Corie Godine Brian and Kristen Graney Kenneth Woo Daniel L. Davis William Spencer Thomas Wilson Sanitarium for Wendy Bidwell Mary Davis Susan Solomon Children of Baltimore City Jane Daniels Harry Gruner Bart Harvey $249 - $101 Jennifer DiFolco Jared and Francie Spahn Legg Mason Charitable J. Parker and Laura Davis Marty and Elizabeth Donnelly Anastasia Terranova John and Elizabeth Hehir Wendy Post and Roger Foundation Mark and Aimee Fulchino Suzanna Duvall William and Paula Thetford Robert and Sandy Hillman Blumenthal Glass Jacobson, P.A. Natalie Eaton Ebony Thompson Annie Jenkins William and Lee Bone $24,999 - $10,000 Tim and Devon Eileen English Allan Rosenberger and Robert and Maryann John M. Brennan Hathaway Fund Connie Evans Joan Varga A Friend of CSFB Matthews Harvey Clapp, III Scott and Beth Harbinson William Marlo Jr. and Alisa Rock and Jim Wade Alban Foundation Michelle and Ira Malis Clay M. Davis Linehan Family Foundation Trit Farley Georgia Usry Bunting Family Foundation Sophia Marquez-Wallace Cameron and Meara Denton Jay Lohse Peter Fern Erica Wilbourn Charles Crane Family Joyce and Hugh McCormick James Eckstein James and Mary Miller Kevin and Cathy Gaynor Robert Williams Foundation Charitable Fund Christine and Peter Samuel & Margaret Gorn Charitable Gift Fund Pat Gilbert Lynn Wintriss Marta and David Mossburg James Meek Espenshade Foundation Chad and Kate Meyer Gohn Family Katherine Guckert Johns Hopkins Owen Charitable Foundation Renee Guckert MATCHING GIFTS George Roche J. David Schuster Philanthropic Fund Neighborhood Fund Van Dyke Family Foundation Anne A. Jamison Jean Hankey Abell Foundation Slate Capital Group Steven Haines OneMain Financial (In honor of Matthew Wyskiel) Feats Impact Fund PNC Charitable Trust Brad and Crickett Woloson Joseph and Elizabeth Brooks and Denise Kitchel GE Foundation Kate and David Powell $499 - $250 Hobelmann Julie-Lynn K. Lewis T. Rowe Price T. Rowe Price Foundation $1,999 - $1,000 Rabbi Chaim Amster Charles D. Huber Chris Manfuso Venable LLP Mark and Kathryn Vaselkiv Will and Weezie Andrews Allan and Claire Jensen Berrier Family Fund Sean and Elizabeth Martin Venable Foundation Daman Blakeney Jonathan Fund Dawson Family Fund Barbara and Rodney Moore Wheeler Family Christopher and Terri Block Laurence and Sandy Katz IN-KIND DONORS Elizabeth Della Massing John M. Prugh Jonathan E. Bradley Kathy Kelly Christopher Schafer Clothier WPW Foundation Greenspring Associates Ernie and Rania Rafailides Matt and Deb Baum Bruce Kennedy DJs Willie and J.Gray John “Wes” Guckert D. William and Pamela Schlott Sheldon and Jamie Caplis Christopher and Kyle Legg EmmeY Makeup Artistry $9,999 - $5,000 Mr. & Mrs. F.B. Harvey, III Julia and Kevin Schnupp Mimi Cooper Fund Kirsten Lessner Flaunt on the Avenue Donald J. Hoelting Katie and Philip Shaw Howard Baetjer, Jr. Nancy Dorman Claire Maisano Red Maple Robert and Jenny Louisa J. Wyskiel Helen P. Denit Charitable Trust Flemming Family Karen Malinowski Star Won Botique Huether-McClelland Hopkins Fund Charitable Fund Stephen McDonald Michael Stavrinos Foundation Ryan Huether Harry and Josephine Ford, Jr. $100 OR LESS Aaron Merki Photography Kelso Bishop Family Georgette Kiser Mr. & Mrs. Henry Franklin Anonymous Nancy Merritt Ware House 518 Foundation Donna and Ernest Kovacs Gordon and Martha Glenn Gueter Aurelien Mary Page Mitchel M&T Bank Charitable Dennis and Christine Peacock Thomas and Kemp Hill Laura Baker John R. Minninger Foundation Daniel and Gay Shackelford Patrick Knight Matthew & Christina Wyskiel Mr. & Mrs. Robert Schaefer Jacob S. Shapiro Foundation, Richard Jacobs and Family Charitable Gift Fund CSFB is grateful for every donation we receive from individuals, organizations, and businesses. (At the direction of Jane and Patricia Lasher Stanley Rodbell) Henry Jenkins, II If your name is missing, please contact [email protected]. SIPS FOR SCHOLARSHIPS STYLIN’ STUDIES Stylin’ Studies A BENEFIT FASHION SHOW FOR CHILDREN’S SCHOL

ARSHIP FUND BALTIMORE

At our first annual happy Some of Baltimore’s best in fashion and SIPSfor Scholarships WEDNESDAY, MAY 27, 2015 A HOLIDAY HAPPY HOUR EVENT 6:00 PM – 9:00 PM hour event, CSFB trustees served nightlife came together for CSFB’s first RED MAPLE Join us on Wednesday, 930 N. Charles Street, Baltimore, MD 21212 December 17, 2014 Doors will open at 6:00 PM. from 5:30 pm - 7:30 pm our donors and worked for “tips” ever benefit fashion show. Fashion show starts at 7:00 PM. at Ware House 518 518 N. Charles Street Tickets are $35 and include hors - Cash or check “tips” are 100% tax deduct d’oeuvres and special pricing on cocktails.

ible and bragging rights to support our cause. Our Goal: $2,000

The Venable Foundation will match all funds raised at the event up to $2,000! Ware House 518 The creative minds behind the boutiques Star Won will donate $1 per drink to CSFB. Funds raised at the event were matched by the and Christopher Schafer Clothier styled a list of Baltimore Guest Bartenders: Venable Foundation, and Ware House 518 donated movers and shakers, as well as CSFB Trustees and supporters who walked the

RENEE GUCKERT

ELIZABETH DELLA LAURA DAVIS MASSING KATE POWELL runway. DJs J. Gray and Willie provided the beat and Red Maple generously MARK TERRANOVA RICK CORCORAN, JR. $1 per drink to CSFB. The event raised over $5,000!

CSFB trustees and committee members compete for tips. Come to support your favorite bartender and support school choice in Baltimore for low-income families. donated delicious hors d’oeuvres. Flaunt on the Avenue and EmmeY Makeup Artistry styled hair and makeup, and Michael Stavrinos Photography donated all proceeds from photo sales.

CSFB Trustee, Elizabeth Massing hosted the event! NEXT GENERATION INVESTING EVENT Thanks to our generous sponsors: THE DJ The Baltimore Next Generation Investing Event is held annually and showcases premier investors who present their top equity investment ideas of the moment.

This unique event features speakers who rarely share their specific stock ideas in a public forum. These successful world-class investors agree to speak because the proceeds from the event go to three Baltimore non-profit organizations that help improve educational choices for local children: CSFB, Southwest Baltimore Charter School and KIPP: Baltimore. The fabulous event raised over $5,000 for CFSB! CSFB received funding of over $50,000 from the event.

Special thanks to trustee Matt Wyskiel and his committee for this significant contribution to fund our mission and program! THE MODELS

For more information and to learn about the 2015 event, visit www.nextgeninvesting.org/web2015/Default.aspx. I have four children and they all have attended private school. Three of the four have been Children Scholarship Fund participants. This program has helped me tremendously. The funding allowed me to have all of my kids in private school at the same time. The sibling component of the program was such a blessing. Having this opportunity was very important to us as a family. It allowed everyone to get an excellent education. You were not forced as a parent to choose which child would be able to go to private school based on finances.

Finally, I think their education in the non-public setting has made a difference. My kids are thinkers and believers in themselves. They are not afraid of challenges and are confident in their abilities. They have been in an environment where the CSFB SCHOLAR STORY teachers and staff genuinely care about them beyond the classroom. My experience with their schools has been that of “we are family” and that has meant the world CSFB ALUMNI JUSTIN ALSTON to me and my family. I never worried about my Going to private school for most of my life has given me a chance to really be kids while they were in school. I knew that they myself. I was able to express myself in ways that I would have never been able to were safe and well taken care of. do in a public school. At my schools – Cardinal Sheehan and then the Baltimore School for the Arts – the teachers were always focused on the students’ work Thanks to all of you for supporting this and learning and not on behavioral issues. I don’t think I would’ve gotten that at important program for Baltimore families. my zoned school.

Also going to private schools has exposed me to a wide range of people with many different backgrounds. I am very grateful for the opportunities that the Children’s Scholarship Fund has given me. I know that the things that I’ve learned in my private FINANCIALS school education will carry over as I start college in the fall. I was accepted into JULY 2014 - JUNE 2015 12 schools and will attend the University of Maryland College Park in the fall.

EXPENSES $ 686,948 CSFB PARENT VALERIE GRAYS Operating Costs $ 200,130 Scholarships $ 486,818 I choose non-public education for my children because I wanted to give them a strong foundation Pre-K through 8th grade. I think that’s where you have to start if you want INCOME $ 695,816 to give your children a chance to succeed. Don’t get me wrong, I am a product of the Children’s Scholarship Fund New York $ 75,000 public school system and I believe that a good education should be available to all Grants $ 399,466 students both in the public and private sectors. I will continue to be an advocate for Individual Gifts $ 147,064 such with our legislators but the reality today is that is not what we have. Events $ 74,286

CUMULATIVE SURPLUS (DEFICIT) $ 8,868 CSFB BOARD OF TRUSTEES 2014 - 2015

Raymond A. Mason HONORARY CHAIRMAN Laura Davis Marketing and Communications Consultant Kate Rawson Powell CHAIR Prevision Policy LLC Renee Guckert, Esq. Renee Guckert Law Matthew W. Wyskiel TREASURER Skill Capital Management Beth Hehir M&T Bank Marta Hummel Mossburg SECRETARY Maryland Public Policy Institute Don F. Hoelting, CFA Investment Counselors of Maryland, LLC Rabbi Chaim Amster B’nos Yisroel of Baltimore Sophia Marquez-Wallace Venable, LLP Sean J. Bennett One Main Financial Elizabeth Della Massing Agora Publishing Group Luke T. Cooper Peach Labs Mark Terranova FeatsEDU Rick Corcoran, Jr. Slate Capital Group

CSFB ADVISORY BOARD

Dr. Howard Baetjer, Jr. CHAIRMAN EMERITUS James C. Davis Edwin J. Bradley, Jr. Robert D. Hopkins Suzanna Duvall

CSFB STAFF

Beth Sandbower Harbinson EXECUTIVE DIRECTOR

Joanne Sanders PROGRAM ADMINISTRATOR

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