THE PINGRY SCHOOL Annual Report on Giving 2007-2008 We made every effort to ensure the accuracy of this report. If there is an error or omission, please accept our apology and advise the Development Office of the error. | 1 2007-2008 Pingry AnnuAl rePort on giving Thank You for Your Generosity With a resounding and heartfelt “thank you” to the many generous donors and volunteers who are recognized in these pages, I am pleased to present the 2007 – 2008 Annual Report on Giving for The Pingry School. By any measure, 2007 – 2008 was a successful year here at Pingry. Some dimensions of that success are evident in the pages of the Report, and I have mentioned below just a sampling of other accomplishments of the year. We completed our first full year in the new Carol and Park B. Smith ’50 Middle School, and it has fulfilled its every promise. Not only is it a well- designed environment in every practical sense—the classrooms are equipped with flexible furniture and the latest technology; the Wilf Family Commons is a popular, comfortable gathering place for students and faculty during their free time as well as being adaptable as a meeting space for assemblies, movies, and community events; the walls of the Baum Atrium and the Gallery hold a rotating display of student work—but the sense of ownership of their own destiny that the members of the middle school community feel is palpable. The Lower School, in turn, finished its first year with the fifth grade as the senior leadership class. The halls were a bit quieter without the 64 sixth graders, but the fifth grade rose to the occasion academically and socially, stepping into leadership roles that had not previously been open to them. At the Upper School, we welcomed a new Director of College Counseling, Tim Lear ’92, who returned to Pingry after 10 years at Oak Knoll School, during the last five of which he served as Director of College Counseling. Tim and his team worked exceptionally well with the Class of 2008 in what was by all accounts the most difficult college admission season in history. The class, which included many students who earned National Merit recognition, fared well in the college process. The 122 graduates of the Class of 2008 have matriculated—or plan to do so after a gap year—at 58 colleges and universities. The most popular destinations are Georgetown (seven members of the class); Boston College and Princeton (six each); Dartmouth, Franklin and Marshall, Hamilton, Richmond, Villanova, Washington and Lee, and Yale (four each); and Bucknell, Cornell, MIT, Tufts, and Wake Forest (three each). The real measure of the year, however—and the school—is found in the halls, classrooms, and studios, on the fields and the stage, and in the experiences and accomplishments of our students. That Pingry Experience compels us to come to school each day, and it both flows from and, I believe, inspires your generosity. Thank you for your support of Pingry, and for your ongoing commitment to ensuring that future generations of Pingry students will have an experience at least as vital as today’s students. Sincerely, Nathaniel E. Conard Headmaster 2 2007-2008 Pingry AnnuAl rePort on giving 4 A MESSAGE FROM THE CHAIR Victoria L. Brooks P ’02, ’04, Chair of the Board of Trustees (2002-2008) 5 OPERATING BUDGET Revenues – Expenditures – Philanthropic Support 6 FROM THE ANNUAL FUND CHAIR Henry G. Stifel III ’83 8 FROM THE ANNUAL FUND ALUMNI CO-CHAIRS Gordon T. Sulcer ’61 & Stuart M. Lederman ’78 9 ANNUAL GIVING The 1861 Leadership Society – 9 Second Century Leadership Council – 13 Alumni – 14 Current Parents – 22 Gifts – 26 30 A MESSAGE FROM THE DEVELOPMENT CHAIR Jeffrey N. Edwards ’78 P ’14, ’17 31-35 ADDITIONAL GIVING Restricted – 31 Gifts in Kind – 32 Unrestricted – 32 Endowment – 32 Campus Improvements – 33 In Honor Of / In Memory Of – 33 Matching Gift Companies – 34 Organizations and Foundations – 35 36 C.B. NEWTON SOCIETY 37 VOLUNTEERS 38 Board of Trustees PSPA Executive Board Pingry Alumni Association Office of Alumni and Development We made every effort to ensure the accuracy of this report. If there is an error or omission, please accept our apology and advise the Development Office of the error. | 3 2007-2008 Pingry AnnuAl rePort on giving A Message from the Chair Dear Members of the Pingry Community, During the fall and winter of last year, Pingry undertook a branding study, interviewing faculty, staff, trustees, current and prospective parents, and alumni, and one of the outcomes is Pingry’s new positioning statement, which I am pleased to share with you: The Pingry School provides an unparalleled intellectual experience for its students while guiding their development as people of honor and character. I would like to recognize everyone who participated in this study. Among 90 percent of the parents interviewed, “excellence” was their top reason for being interested in Pingry, and almost everyone interviewed cited intellectual excellence as Pingry’s defining trait. “Excellence and Honor” will be linked with Pingry’s name as we proceed with a branding identity, and we believe that Excellence and Honor exemplify each student’s experience. We are also continuing to broaden and solidify ownership of The Honor Code with an emphasis on parents and prospective families. Pingry’s mission is to foster in students a lifelong commitment to intellectual exploration, individual growth, and social responsibility, and one of our goals was to develop the Strategic Plan to prepare our students to be global citizens and leaders. To achieve this vision and advance our commitment to excellence and honor, we are focusing on five strategic goals over five years: attracting exceptional students, investing in the finest faculty and staff, enriching academic programs, enhancing facilities, and developing our resources. Of course, our faculty members are the key to the students’ education and they are the group to thank for Pingry’s reputation for intellectual excellence. As part of the Strategic Plan, Pingry’s faculty assessment is ongoing, the school is continuing to develop professional growth opportunities to retain our faculty, and we are laying the groundwork for a full review of the curriculum. In June 2008, I retired from the Board of Trustees, and I want to thank the community for supporting me as Chair for the past six years. Much was accomplished, much will be accomplished in the future, and I am honored to have served the school in this role. Warm Regards, Victoria L. Brooks P ’02, ’04 Chair of the Board of Trustees (2002-2008) 4 2007-2008 Pingry AnnuAl rePort on giving Operating Budget Report for July 1, 2007 – June 30, 2008 Revenues Expenditures Tuition and Fees $ 27,259,526 Salaries and Wages $ 15,005,469 Auxiliary Services 958,294 Employee Benefits/Payroll Taxes 5,123,635 Annual Giving * 2,226,495 Administration 688,017 Investment Income 488,105 Financial Aid and Tuition Remission 2,549,657 Endowment Support 2,485,905 Instruction 2,436,308 Total Revenues $ 33,418,325 Transportation 257,488 Plant Operations 1,625,170 * in accordance with Generally Accepted Accounting Principles (GAAP), Maintenance 525,763 revenue reported is different from cash received. Cash received for the fiscal year ended June 30, 2008 was $2,214,220. Fixed Charges 910,650 Plant Renewal and Replacement and Capital Projects ** 2,887,350 Development 443,083 Food Service 965,735 Total Expenditures $ 33,418,325 ** All increases in net assets resulting from operating activities were committed to Plant Renewal and Replacement and Capital Projects. Philanthropic Support 2007-2008 Total dollars raised between July 1, 2007 and June 30, 2008 Fund Dollars Percentage Campus Improvements $ 861,905.00 20% Endowment $ 1,076,295.00 25% Annual Giving $ 2,214,220.00 50% Unrestricted $ 99,859.00 2% Current Restricted $141,802.00 3% Total $4,394,081.00 100.00% We made every effort to ensure the accuracy of this report. If there is an error or omission, please accept our apology and advise the Development Office of the error. | 5 2007-2008 Pingry AnnuAl rePort on giving From the Annual Fund Chair I would like to thank everyone who participated in the 2008 Pingry Annual Fund. From our volunteers to our donors, it was a tremendous effort that brought us to our goal of $2.2 million. Surpassing our goal this year is a true testament to our community’s belief in the School and your desire to support its efforts. People often ask about the function of the Pingry Annual Fund. True, it is not a building, or an athletic uniform, or a drama production. The Pingry Annual Fund is not used for just one material item; it is used for everything that is a part of our students’ daily lives and often for purposes that go unnoticed—from helping to retain the finest faculty and administrators, to enabling a child to be a part of Pingry regardless of his or her economic means. The Pingry Annual Fund is seen in the environmental efforts throughout the school to the experiences that are shared by students, parents, alumni, faculty, and friends every time they reminisce about Pingry. Without the critical support the Pingry Annual Fund provides to our operating budget, there would be no Pingry. I thank those of you listed within these pages for your support of the 2008 Pingry Annual Fund and your belief in its mission. Your pride in and commitment to Pingry are greatly appreciated. Thank you, Henry G. Stifel III ’83 Trustee 2008 Annual Fund Chair 6 2007-2008 Pingry AnnuAl rePort on giving We made every effort to ensure the accuracy of this report.