HEAD-ROYCE SCHOOL 2014–2015 ANNUAL REPORT TABLE OF CONTENTS Financial Summaries .................7 Annual Fund Giving ................10 Year in Review ......................22 Parent Giving ......................28 Alumni Giving .....................38 Grandparent Giving ................42 Head-Royce By the Numbers .......56 Heads Up Giving ...................60 Endowment & Special Gifts .........64 Gifts in Honor & Memoriam ........70 Anna & Josiah Legacy Society ......76 Crustacean Sensation .............. 78 Nia Benefit .........................82 Volunteers .........................86 2014–2015 ANNUAL REPORT Editors Printer The 2014–2015 Annual Report includes Julie Kim-Beal, Sandra Midkiff, Solstice Press all donations received by Head- Mantra Robinson, Cass Caufield, Royce School between July 1, 2014 Stacy Rollo Photography and July 1, 2015. Please know that Scott Clark, Sam Deaner, every attempt was made to ensure Editorial Assistance Marissa Kunz, Claudia Miranda, the accuracy of this report. However, Susan Anderson, Tatiana Gordon, Harry Muniz, Dave Weiland, errors do occur and we wish to Lisa Poplasky, Aviva Schmitz ’14 Richard Wheeler apologize for any inconvenience they may cause. For corrections, please Design & Production contact the Head-Royce Advancement Darrel Frost, Ann Quan Office at [email protected] or 510.228.1549. 2 HEAD-ROYCE SCHOOL The mission of Head‑Royce School is to inspire in our students a lifelong love of learning and pursuit of academic excellence, to promote understanding of and respect for diversity that makes our society strong and to encourage active and responsible global citizenship. Founded in 1887, Head‑Royce is an independent, nondenominational, coeducational, college‑preparatory K–12 school, which offers a challenging educational program to educate the whole child. The school nurtures the development of each individual student through a program that seeks: • to develop intellectual abilities such as scholarship and disciplined, critical thinking; • to foster in each student respect, integrity, ethical behavior, compassion and a sense of humor; • to promote responsibility and leadership, an appreciation of individual and cultural differences and a respect for the opinions of others; • to nurture aesthetic abilities such as creativity, imagination, musical and visual talent; and • to encourage joyful, healthy living; a love of nature; and physical fitness. All members of the Head‑Royce community strive to create an educational environment that reflects the school’s core values of academic excellence, diversity and citizenship, and one in which each student can thrive. We believe that a program based on these core values will prepare our students to be effective global citizens as they face and embrace the challenges and the opportunities of the future. 2014–2015 ANNUAL REPORT 3 From the Board Chair 2014–2015 was another year alumni, friends and students. 97% of faculty and staff of successes for Head-Royce investing in our campaign. School. This annual report is In the spirit of innovation, dedicated to those who several donors created a We made significant shape a critical chapter “15-15-15” challenge with the achievements in supporting in Head-Royce school’s goal of raising 15 gifts at the our mission by funding success story. Your spirit $15,000 level by the start of important curriculum of volunteerism and 2015. We had well over 15 improvements, supporting philanthropy helps to uphold donors participate and are student enrichment the academic excellence and pleased to continue this new programs, attracting and the creative, challenging, and element of our campaign. In nurturing outstanding nurturing environment that addition, your support to the faculty and staff, and develops our students into Heads Up program provided building on our endowment adults who make a difference, 125 underserved Oakland — all to the benefit of Head- too. It’s this spirit that has public middle school Royce students, present and made Head-Royce a school students with the academic future. of excellence for 128 years. and social opportunity to What made this year so In 2014–15, your donations learn, grow and succeed in distinctive in its success? to the Annual Fund, new ways. The answer is simple: you. endowment, Heads Up This summer brought Our programs continued program, auctions and change as Rob Lake left his to flourish thanks to the special programs made a position as Head of School. support of this extraordinary significant impact. We saw We give thanks to Rob for community — parents, an increase in participation the progress the school alumni, grandparents, to our Annual Fund with made under his five years employees, parents of nearly 90% of parents and 4 HEAD-ROYCE SCHOOL this interim role as we move forward on critical initiatives such as strategic planning and continued momentum on the Master Plan. As the Chair of the Board of Trustees and parent of two Head-Royce boys, I am constantly reminded how fortunate Head-Royce is to have a community with such a passionate desire to make a difference. This spirit is not of leadership. We wish him School before leaving in 2014 just embraced by teachers, well in his future endeavors. to pursue consulting with but also by our parents, While we take on the independent schools across alumni, grandparents, important task of finding a the Bay Area. During her and friends who seek permanent Head of School, time as a consultant, Crystal opportunities to have an we are pleased that Crystal gained valuable experience impact today and for those Land — seen above visiting leading strategic planning who will follow. campus this fall — has projects at a number of Once again, thank you to returned to Head‑Royce as schools, served on two local our many committed donors our Interim Head of School educational boards and was and volunteers whose values, for the next two academic a key collaborator with an shared experiences and years. organization that approaches traditions help shape our problem solving and school students into active and Crystal is a passionate systems through a human- lifelong learners. and accomplished K–12 centered, design thinking educator with nearly three approach. She is excited and Your impact is truly decades of experience, both energized to bring this fresh significant. in the classroom and as an perspective to Head-Royce. administrator. She is also a Sincerely, familiar face at Head-Royce, The board is confident having many roles since Crystal has the expertise, she began in 1989 including character and innovative parent of two Head-Royce leadership to carry forth the “lifer” alumni, Zach ’09 and school’s vision for the next William J. Newell Haley ’14. Most recently, she two years. It is with pleasure Chair served as Assistant Head of that I welcome Crystal into Board of Trustees 2014–2015 ANNUAL REPORT 5 Thank You As we reflect on the 2014–2015 school year, this report outlines 2014–2015 GIVING LEVELS the generous gifts you have made to the Annual Fund, Heads Any gift of $2,500 or more was Up, Parents’ Association, endowment, and the countless other considered a Leadership Gift and with ways you have donated this year. it came an invitation to our annual Leadership Society Reception. Donors at the $10,000+ level were recognized Your support of Head-Royce, primarily through the Annual with an additional appreciation event. Fund, allows us to provide an exemplary educational Benefactor’s Circle $50,000+ experience for all students. Through your generosity, the Annual Fund reached new heights, raising more this year 1887 Founders Club $25,000–$49,999 than ever before. Lincoln Society $15,000‑$24,999 Parent participation also increased, with 89% of parents Anna Head Circle $10,000–$14,999 making Head-Royce a philanthropic priority. Josiah Royce Circle $5,000–$9,999 Throughout this report, our hope is to honor you, our loyal Mary E. Wilson Circle $2,500–$4,999 and generous donors. T.R. & Lea Hyde Club $1,500–$2,499 Daniel & Catherine Dewey Club $1,000–$1,499 Green & Gold Club $500–$999 Jayhawks Club $100–$499 100% Club gifts up to $99 6 HEAD-ROYCE SCHOOL Financial Summary 2014–2015 Operating Revenues Tuition & Fees (83.1% ) ........................... $27,020,536 Ancillary (9% ) ....................................$2,912,966 Annual Giving (4.1% ) ..............................$1,332,413 Interest and Other Income (1.5% ) .....................$470,999 Endowment Transfer (2% ) ...........................$681,456 Other Support (0.3% ) ................................ $85,232 Total Revenues . $32,503,602 82+9421M Operating Expenses Salaries & Benefits (52% ) ......................... $16,488,422 Operating (16.7% ) .................................$5,310,694 Financial Aid (11.8% ) ..............................$3,758,597 Plant (10.7% ) .....................................$3,405,771 Ancillary (7.7% ) ...................................$2,454,633 Professional Development (1.1% ) .....................$351,045 Total Expenses ....................................$31,769,162 51+16121182M Contribution to Reserves .............................$734,440 Endowment Status as of June 30, 2015 At the close of Fiscal Year 2014–15, the average one-year return on the endowment investment was 1.2% and the overall market value reached $17,992,515. 2014–2015 ANNUAL REPORT 7 “I will take away everything my teachers have taught me, inside and outside the classroom: everything from how to write critically and take the derivative to pushing myself to do the best I