2018-19 Manhattan Beach Education Foundation Annual Report & Honor Roll Enrich and Empower The Manhattan Beach Education Foundation is a community driven fundraising organization, which supplements state funding for programs that inspire learning, enrich teaching, and promote innovation and academic excellence in the public schools of Manhattan Beach. Dear Friends of MBEF – When we envision the type of learning environment we want for our children, we dream of empowering and enriching their academic lives with personalized learning, hands-on opportunities in science, art, and music, strong foundations in core subjects like language arts and math, as well as inspirational opportunities for collaboration and connection. Because of you, our generous Because of You community, the Manhattan Beach Education Foundation (MBEF) is able to support the quality education that we all envision. We invite you to learn more about MBEF’s impact and the specific programs that you helped prioritize and make possible for the coming 2019-20 school year. Thanks to your generosity, MBEF will provide over $6.5 million to our District – the largest MBEF grant ever – to deliver a vast array of programs to enrich the educational experience of our students. Our schools and students excel because of you – the parents, business leaders, educators and neighbors who are committed to our children’s education and future. We are inspired by your investment in our schools and look forward to partnering with you again for another school year. With great appreciation, Dan Rogoff Hilary Mahan President, MBEF Executive Director, MBEF Our Mission // 2 The MBEF Difference These numbers only begin to convey the sheer magnitude of every child’s classroom $6.5 experience because of your 5259 support of MBEF. Many of the MILLION Number of donors programs and positions in our in 2018-19 – Parents, District would be eliminated if MBEF funding to Businesses, Neighbors not for the generous support our schools in 2019-20 from our community. 8% $75+ Percentage of total MILLION District budget that is funded by MBEF MBEF’s investment for educational programs in our schools since 1983 $2.75 91% Percentage of parents and MILLION teachers who believe MBEF is extremely important Total Endowment contribution to maintaining the quality to our schools since 2014 of our schools The MBEF Difference // 4 Our Students Do Not Qualify For Local Support Is Critical // MBUSD Supplemental Funding // In 2013 is frequently compared to a short list of districts California implemented the Local Control Funding throughout California that have strong student Formula (LCFF) to provide additional resources to outcomes. However, our per-pupil funding for public school districts with higher numbers of education is very different from these other students who qualify for the Free and Reduced high performing districts. Funding from the Lunch Program, are English Language Learners, recent parcel tax provides approximately and/or are foster youth. While LCFF has provided $2.4 million annually, which helps offset annual additional resources for districts with greater cost of living adjustments and pensions for numbers of “high need” students, education teachers. Support of MBEF remains vital to MBEF was founded by a group of parents committed to funding remains inadequate for all students. Of continue the programs our parents expect, strengthening our public schools over three decades ago. ALL school districts in California, MBUSD is one and our students need, to succeed. At a time when school funding was at an all-time low, private of the few with the LOWEST number of students who qualify for supplemental funding. donations were critical to providing a quality education for our children. Over thirty-five years later our public schools remain underfunded and MBEF continues to play a significant role in PER PUPIL FUNDING supporting — in small or large part — nearly every academic pursuit and enrichment opportunity across our seven campuses. THE REASON FOR MBEF California Funding For Education MBUSD is a Revenue Limit District // Is Inadequate // Despite a $20 billion Only a small portion of our property taxes in increase in K-12 spending since 2011, California Manhattan Beach support education. The formula continues to rank among the lowest in the nation in to allocate property tax dollars is based on spending school funding. The United States Census Bureau levels in the 1970’s. At that time, MBUSD was a recently ranked California as 37th in per pupil K-8 district and allocated a small portion of funding when adjusted for the cost of living. property taxes to schools. As a result, MBUSD MBUSD will receive roughly $10,450 per pupil this is a “Revenue Limit” district and does not retain year, putting our funding level at the BOTTOM of property taxes. “Basic Aid” districts, such as both the state and country. Palo Alto, Laguna Beach and Beverly Hills, funded education at a higher level in the 70’s, so they retain excess property taxes. Consequently, funding for Manhattan Beach schools is actually augmented by state aid to reach the guaranteed minimum level of funding per student. 5 \\ The Reason For MBEF The Reason For MBEF // 6 Great Schools Today. Great Schools Forever. We are on our way! // Parents. Grandparents. Alumni. The MBEF Endowment Longtime Residents. Business Owners. New Residents. Anyone provides MBEF with who believes in the power of an excellent public-school education a continuing and sustainable funding source and its impact on the future of our community has supported the $20 MILLION BY 2020 Endowment. It is this same community that will help continue to that will expand and enhance the quality of grow the Endowment for decades to come. public education in Manhattan Beach, now and for generations to come. WAYS TO SUPPORT DISBURSEMENT GROWTH THE ENDOWMENT $900K $824K $800K $760K // The simplest way to help MBEF established the Endowment in 1986 with an initial $10K. It took nearly three decades before the Gifts of Cash $700K grow the Endowment is to write a check, or Endowment crossed the $10M mark and made its first distribution of $116K. It took only five years $600K arrange for automatic monthly, quarterly or multi- to get from $10M to $18M, and disburse $2.75M to our schools during this period. When the Endowment $500K $500K year payments from your credit card. But there reaches $20M and beyond, the annual disbursement will be at least $1M in total to our schools every year, are many additional giving options. $400K regardless of fluctuations in the economy or priorities at the state level. Our goal is to reach a point where $300K $300K the annual return on investment is enough to make up for the instability of public school funding. // If you $250K Gifts of Appreciated Stock $200K That’s the power of the Endowment. have held stock for more than one year, and it’s $100K $116K increased in value, you can transfer the stock to the Endowment rather than selling the stock and $- 2014 2015 2016 2017 2018 2019 ENDOWMENT GROWTH donating all or part of the proceeds. A transfer allows you to take full fair market value as a tax $20M $19M $18,551,717* deduction without capital gains. Planned Giving // Planned giving enables $18M you to maximize your charitable giving and take $17M $16,200,000 Donor Advised Funds // A donor advised $16M full advantage of income and estate tax benefits. fund can help you realize your philanthropic goals $15M $13,722,952 With careful planning, a wide range of gift planning $14M by combining the flexibility of a private foundation choices presents practical options for safeguarding $13M with the tax advantages of a public charity. A $12M your financial security, realizing tax advantages and $11M donor advised fund allows you to make a charitable contributing to MBEF’s financial well-being. As you $10M contribution to the fund and receive an immediate $9M consider your options, we strongly recommend that $8M tax benefit. You may contribute as frequently as you work with a qualified independent financial $7M you like, and recommend a grant to MBEF from the $6M advisor, as well as legal counsel. fund when you are ready. $5M $4M $3M Gifts of Real Estate // The tax benefits $1,629,769 READY TO CONTRIBUTE? $2M $1,736,659 are the same as appreciated stock. Gifts can be $1M $2,600,207 Please visit www.endowment.mbef.org *As of 8/1/18 *As $3,727,236 made outright, or through an income-producing $0 $3,409,920 or call us at 310.303.3342. 2004 2005 2006 2007 2008 2009 2010 2011 $4,646,173 2012 2013 2014 2015 2016 2017 2018 gift arrangement. $5,543,116 $7,252,527 9 \\ The MBEF Endowment The MBEF Endowment // 10 $8,946,009 $11,603,427 $12,609,665 $13,165,819 2019-2020 OVER $6.5 MILLION A Foundation For Excellence // In the 2019-20 school year, donations to MBEF will IN GRANTS support a vast array of programs that enrich the educational experience of every child, every day. MBEF’s investment ensures that our students have access to a strong, well-rounded academic Class Size Reduction // $1,695,000 program with enrichment opportunities in STEM, Music & the Arts, Physical Education, and • Class Size Reduction – Reading, Writing & Libraries. Our students also benefit from access to more personalized learning English/Humanities and Math (6-9) in smaller classes and extensive support and counseling services. • Middle School Electives (6-8) • Zero Period Classes (9-12) Counseling & Student Support // $1,493,000 • College and Career Counselors (9-12) • Elementary Assistant Principal (K-5)