ANNUAL REPORT 2022-23
Drew knows and believes in teenagers. We engage each student in a process of intellectual discovery to develop an individual voice, the confidence to express it, and the empathy to understand its impact.
CONTENTS PG 3 From the Head of School PG 5 From the Board Chair PG 6 From the Advancement Office PG 9 Statement of Operating Activities PG 10 Drew Annual Fund PG 14 Drew Alumni PG 16 Dragon Spirit Auction PG 18 A Culture of Philanthropy PG 20 Endowment and Legacy Giving
FROM THE HEAD OF SCHOOL
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Dear Drew Community, There are specific elements that form the core of any Drew education: a rich and challenging academic program, many avenues and opportunities for student service and leadership, and incredible support from gifted, dynamic teachers, with whom many students form bonds for life. With these pieces solidly in place, our students are liberated to figure out “what high school should be” over their four-year journeys on our campus. Whether they gravitate toward academics, the arts, or any of a myriad of opportunities at Drew, our most basic values as a community ensure that the growth of our students is characterized by determination, intellectual curiosity, and empathy. In an exceedingly complicated world, maybe we’re not just “what high school should be,” maybe we are creating what thoughtful, attentive, and caring adults should be. None of this is possible without the incredible support of the Drew community. Many thanks to Parent/Guardian Association Co-Presidents Judy Daniel and Jennifer Posner for an incredible year. Whether your support is through volunteer efforts, financial contributions, or by being a guiding presence in the lives of our students, you all have a hand in making Drew the second home it is for our students. We are incredibly grateful for all of your support. I want to offer my heartfelt thanks to Dan Henkle, who is stepping down as Chair of Drew’s Board of Trustees after four incredible years of service. Needless to say, the world has changed significantly since 2019. Dan’s thoughtful guidance, patience, and wisdom helped guide our community through some incredibly challenging times and left Drew in an even better place than he found it. We’ve learned much from Dan and hope he fills his newfound free time pursuing his many passions. Finally, a special note of gratitude to our incredible faculty and staff. They have, once again, been a shining example of perseverance, ingenuity, and care. When our graduates recall their time at Drew, they will likely remember first the inspiring relationships with the people who believed in and challenged them most. I feel grateful to share my days with them on our campus. In this Annual Giving Report, I hope you are reminded of all the reasons you find Drew to be an exceptional place. With immense gratitude,
David Frankenberg 3
Dear Drew Community, Every school year is marked by transitions, shaped by the ebb and flow of an annual calendar that lays out our well-marked road map while also allowing for change. At a school like Drew, where academics are balanced by authentic social and emotional learning, we are wellpositioned to be nimble and to know how to manage change. Our community stepped up in myriad ways in 2022-2023 as we navigated many expected and some unexpected changes. We came together at moments big and small, to support and celebrate each other. One notable event was the Spring Fundraiser held on April 28 at The Pearl. Tina Cheng and other staff put in countless hours to create an incredible evening along with parent volunteers Susan DaSilva, Sarah Emberly Fishman, Ann Ledo-Lane, Jennie McClelland, Rachael Mundon, Jane Verma, Wendi Stern and Sebastian Lane. The evening raised nearly $300,000 in support of faculty salaries, with 200 guests who partied in their 80s attire. As I step down from my tenure as Board Chair, I am reflecting on my four years in the role. I have been fortunate to partner with David Frankenberg through many transitions at Drew, with the Board doing its best to make good programmatic and financial decisions for our community. Being on the Board has allowed me to get to know Drew with a depth of understanding that has given me an even greater appreciation for our mission and vision. Drew truly provides a unique opportunity for students to chart their own paths under the careful guidance of an excellent faculty. As for next year, the Board works diligently at succession planning, and we are incredibly fortunate to be welcoming Maija Muncy (John ’24) as the incoming Chair. Maija has been a trustee for two years, chairing the Finance Committee and sitting on the Endowment Campaign Planning, Committee on Trustees, and Advancement Committees. The Drew community is in excellent hands with Maija, and while I will miss working so closely with such a dedicated Board and hard-working staff, I look forward to staying in touch as an alumni parent. I expect great things in the years to come!
Dan Henkle
Drew Board of Trustees Chair
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FROM THE BOARD CHAIR
BOARD OF TRUSTEES 2022-2023 HEAD OF SCHOOL
David Frankenberg CHAIR
Dan Henkle VICE CHAIR
Tracy Kirkham TREASURER
Dodie Sutro Crawford SECRETARY
Arpana Vidyarthi BOARD MEMBERS
Salvador Acevedo Martin Babler Abbe Clemons Jennifer Guittard Andre Haddad Dan Henkle Richard Hillis Todd Holcomb Tracy Kirkham Tony Lopez
Logan McDougal Marjorie Moliere McMorris Maija Muncy David Posner Bradford Rothenberg Hope Schmeltzer Eric Schulkin Hilary Seligman Irene Sung Carol Swainson
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Meet the
Advancement Office
Ms. Selena Shadle
Director of Advancement (415) 430-3719 selenashadle@drewschool.org
“In the short time I’ve been part of the Drew community, I have learned how strong, creative, committed, and exciting it is. The energy and synergy on campus amongst the faculty and students is palpable. Thank you to everyone who made 2022-23 so successful and I look forward to making 2023-24 even better!”
David Martinez
Associate Director of Communications 415-409-3739 Ext. 3725 davidmartinez@drewschool.org
Brittany Yantos
Associate Director of Advancement 415-409-3739 ext. 3772 brittanyyantos@drewschool.org
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“
I give to Drew School because I want to support the realization of its mission and vision. I am investing in a school that places immense value on learning through active participation, collaboration, and critical thinking. Also, Drew School’s belief in the untapped potential within every student deeply resonates with me.
“
By contributing, I am actively participating in the advancement of the next generation, enabling them to confidently embrace their unique voice, unlock their full potential, and emerge as change makers who are ready to tackle the dynamic challenges that lie ahead. Marjorie Moliere McMorris
Board of Trustees; Advancement Chair
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44%
OF STUDENTS RECEIVE FINANIAL ASSISTANCE
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STATEMENT OF OPERATING ACTIVITIES 2022-2023 Revenue and Support NET TUITION AND FEES
UNRESTRICTED GIVING
OTHER REVENUE
$15,911,538
GROSS TUITION & FEES
($5,144,555)
FINANCIAL AID DISTRIBUTION
$10,766,983
81%
NET TUITION & FEES
$1,241,438
9%
ANNUAL FUND, AUCTION & OTHER UNRESTRICTED GIVING
$1,319,283
10%
OTHER REVENUE
$13,327,704
100%
TOTAL REVENUE
2022-2023 Expenses SALARIES & BENEFITS DEBT SERVICE
OPERATING EXPENSES
CURRICULUM & PROGRAM
RESERVES
$8,787,055
67%
SALARIES & BENEFITS
$2,436,104
18%
OPERATING & FACILITY EXPENSES
$1,023,691
8%
CURRICULUM & PROGRAM
$298,012
2%
DEBT SERVICE
$782,842
5%
TRANSFER TO RESERVES
$13,327,704
100%
EXPENSES + TRANSFER TO RESERVES
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DREW ANNUAL FUND
ANNUAL FUND SUPPORTERS We are grateful to the many parents, trustees, faculty, staff, grandparents, friends, foundations and corporations that supported Drew’s Annual Fund in the 2022-2023 school year.
A Drew believes strongly in the power of young people and works continuously to create a positive and productive environment for our students as they develop their individual voice. The Annual Fund is the primary fundraising initiative at Drew and is vital to fulfilling Drew’s mission. As at most independent schools, tuition only covers part of the cost of our exceptional programming. We turn to our community to help bridge the difference between tuition and the true cost of educating each student. The Drew community generously gave nearly $800,000 to the Annual Fund in 2022-2023. Your contribution, no matter the size of the gift, has a direct impact on today’s students, faculty and staff. The annual fund ensures competitive salaries for our teachers, a robust tuition assistance program for four out of ten of our students, and the ability to provide innovative, experiential programming. Each year, we seek to reach 100% participation from current parents, faculty and staff, and our Board of Trustees.
We apologize if we omitted or had an error in anyone’s listing. Please contact the Advancement Office to correct any errors at advancement@drewschool.org.
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Anonymous (5) Alana Ainsworth Shann Allcroft Pam Allen and Doug Becker Jaemie and Joseph Altman Muluken Andarge and Tadesse Abebe Randolf Arguelles and Marijoy Arguelles Jessie Austin
B
Martin Babler and Peter Kuebler Christina Baruh Evan Becker and Sarah Hale Lauren Becker and Kris Cavin Ciara Bedingfield Morgan Benz Shelley Berniker and Erik Shepherd Alesha and Ryan Bishop Ivan Bishop Eve and Dan Blank Ali Blum and Calixto Robles Lisa and Andrew Blum Jim Boddy and Betsy Dodd Sarah Bolton Diana Bostwick Lisa Bostwick and Susan Schippmann Paul Bracamonte Geraldine Brinton Nicole Buckberg and Philip Michael Amelie Bullard and Boris Delepine Lisa Busby and Hovey Clark
C
Christina Cabezas Casper Caldarola Peter Campbell Sharon Campbell and Michael Lollar Carol Carbone Angelica Cardenas John and Jennifer Carter Andrea Cartwright Marissa Castoro Christian Ceci-MacGillis and David MacGillis An Chen
Clement Chen III Frank Chen and Judy Su Fiona and Danny Cheng Tina Cheng Frances Chiu Bonita and Joseph Chun James Chun ‘79 Nancy Clark Kim Clash and Jacob Mishell Alisa and Darrick Clayton Gentry Clements and Eric Young Abbe and Lance Clemons Katya and Louis Cornejo Whitney Couch
D
John Dallas and Annie Longsworth Carol Damm Judy and Brent Daniel Susan DaSilva and Thomas Roberts Dirk Delmon and Shona Curley Farnaz Devitt Celia and Rudy Docto Phoebe Doering and Sotweed Schneble David Dominik
G
Ellen and Christian Galatti Daphne Garcia-Lopez ‘22 Anwar and Angela Ghuloum Steve Gifford and Dianna Fisk Stacie Goeddel and Mike Etheridge David Goldenberg Emily Goldenberg Stanley Goldenberg David Goldstein and Sharon Shoshani Jared Green and Jennet Arcara Lara Greene Stacey Greene and Thomas Banducci Mr. and Mrs. William Greenspan
Joanna Hauser and Jay Murphy Cai Chang He and Benson Lam Alyssa and Drew Heath Dan Henkle and Steve Kawa Michael Henley Elizabeth Hill Nina and Dale Hill Richard Hillis and Michelle Ruggels Heike and Eric Hiss Todd Holcomb and Keith Yamashita Emmy Huang and Jamieson Leadbetter Michelle Hyde
I
Clara Ibarra and Jorge Mora
H
Andre Haddad and Benoit Delaveau William Haddon ‘59 and Barbara Haddon Tracie and Jafon Hakkinen Shannon Hall and Jay Dold Paul and Megan Hammond Kristen Hansen Lorca Hart
J
Cait Jackson Stephen Jaeger Sheila and Jesis Jariwala Carolynn Jimenez Heidi Johnson
E
Romeo Ebrado and Tanya Dzhibrailova Tanya Egan Gibson and Josh Gibson Lisa and Evan Elliot Kevin Erspamer Josh Ezrin and Nicole Kelly
F
Rhean Fajardo and Vilaska Nguyen Ash Farrington Jin Feiszli Natalia Felvinczi and Federico Fontes Elizabeth Ferguson and Sam Mills Luis Fernandez Marian Ferrara Erik Finch Lindy and Rodes Fishburne Alex and Sarah Fishman David Fitzgerald Kathryn Flanagan Cat and Aaron Fluss Matthew Flynn and Dominique Samuels Cynthia Fong-Wan and Jackson Wan Stephanie Forster and Marcel Cacdac Jeannie and Christophe Fraise Cara and Gordon France Florencia Castelanelli and David Frankenberg Gordon and Jane Friedman Shelley Friedman and Tania Lowenthal James Frisbie Laura Frost and Christoph Bregler Matthew Furey ‘95 and Elisa Rodriguez Furey
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Michelle Johnson Shari Johnston and Dustan DiMercurio Signy Judd and Jonathan Wade
INTERSCHOLASTIC TEAMS
K
Amita Kachru and Giuseppe Ciaravino Dax Kajiwara Suzanne Kane and Buck Whitaker Christine Katzin Maureen Kelly and Richard Simpson Naomi Kelly Margot and Matt Kenaston Mary Kerr Greg Kidd Yong Kim Leslie Harroch King ‘09 and Sarah King Tracy Kirkham Edith Kissko and Mathew Casamassina Chris Kline and Kathryn Ivey Rachel Kline Beth and Jeff Klugman Talia Krahling Florence Kuebler
L
Anthony Label and Laura Hauben Hilary Lamar Becky and David LeBuhn Warren Leiden and Tiana Wimmer Elizabeth and Joel Leu Margo Levi and Lynne Philpott Bradford Lewis Nicolle Lewis and Matthew Olsen Marisa Lin and David Besio Mabel Liu and Howard Yang Natalie and Dick Loggins Tony and Anne Lopez María De Los Ángeles López Larios Joanna Lovett ‘06 and Saam Esfandiari Casey and Zack Lynch Anthony and Alice Lynn
M
Hiten Madhani and Suzanne Noble John Magee Elizabeth Mangelsdorf and Rachel Gordon Kristen Marinakis Taylor Martin Nelson Maxwell Kim McCabe Janet McClelland and Paul Dorn Dana Dramov McCollough ‘01 and Brady McCollough Logan and Merilee McDougal Saya and Paul McKenna Fiona and Andrew McMillan Marjorie Moliere McMorris and Marc McMorris Corynne McSherry and Patrick Kelly Charles Meade and Emily Gillingham Jessica Meyers and James Cutts Martha Michel and David Konerding Kati Molhoek Douglas and Alice Moore Destiny Muhammad
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Maija Muncy Rachael Mundon Megan and Mauricio Munoz
N
Denise Naganuma Dora and Dan Nathanson John Nettesheim Brenda Ng and Kirk Jones Jim Nickovich Inke Noel and Jens-Peter Jungclaussen Marci and Rafael Nunez
O
Ian O’Donnell and Yunsian Tai Zack and Heather Oelerich Janine O’Neill and Peter Ragone Benet O’Reilly and Kate Brash
P
Urmila Padmanabhan Amanda Papanikolas and Gabriel Conen Lorelei Patricio and Gino Castoro Matthew Paulson Erin Pederson Christine and Matt Penfield Jason and Mamie Pepper Ellen Perelman Nicole and David Pogue Jennifer Posner Maria Pracale Daniel Prince and Trynne Miller Kimberly Prouty Evie Pulverman
R
Lisa Radler and Sara Watson Carolyn Reyes Bruce Reyes-Chow and Robin Pugh Emily Rhodes Timothy Richardson and Theresa Hill Andrea Richerson Naz and Andrew Roderick Vivianne ‘90 and Brett Rosenberg Melanie and James Rothenberg Lisa Rucks and Dean Burson Maria Ruiz and Pedro Ayala
S
Lindsy and Jason Sanders Karen Sarrafzadeh Donna Scarlett Rachael and Timothy Schafer Hope Schmeltzer and Joshua Grossnickle Kim Schoen and Nikki Barry Dory and Eric Schrader Eric Schulkin ‘09 Mark Selcow and Lisa Acree
Hilary and Adam Seligman Selena Shadle and Jason Martin Fouzia Shamsi and Tahir Mahmood Robert Shepler Michael Shin Amy Silverstein Gregory Simon and Jessica Pahler Linda Simon Thuy and Milo Sindell Lauren and David Solomon Antona Stanley Amelia and Errol Stewart Saraswati Strand Family Polly and Scott Stryker Michelle Sullivan Irene Sung and Richard Drury Alain Sykes
T
Kathryn Tanner and Devon Boyle David Teitel and Helen Loeser Marissa and Charlie Thieriot Penelope Thomas and Rudy Rucker Jami Tillotson Rachael and Joseph Tobener Richard Tsai and Kimberly Christensen Wendy Turner and Matthew Walter Tara Twedt and Richard Duke
V
Carol and Aidin Vaziri Dalel Jordan-Velez and Ricardo Velez Tony and Jane Verma Jared Vermeil and Ragner von Schiber Louise Vickroy Arpana Vidyarthi and Rajiv Ramanathan
W
Lorna Walker and Troy McMahan Wendy Wang Alex Wankowicz Tracie Waxman Diane Weipert and Jonathan Archer Timothy White and Linda Freel Khrista Williams Mei and Al Wong Alexander Woo ‘23 Emma Woods Rhett and Karin Woods Anita Wu and Richard Xie
Z
Selene Zander Erin and Blaise Zerega Junyuan Zhang Yanling Zou and Martin Llamas
MATCHING GIFTS & COMPANIES Adobe Amazon Smile Apple Google LinkedIn Lisa & Douglas Goldman Fund Netflix Salesforce Schwab Charitable Scrip rebate
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COURSES & ELECTIVES
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We hope you’ll join us on campus this year! Many thanks to Drew alumni for their support during the 2022-2023 year and a special thank you to Eric Schulkin ’09 for leading the alumni efforts through his work on the Board of Trustees. In the coming year, alumni can look forward to a reunion for classes ending in 4 and 8, although all are welcome. We are also launching our Alumni Speaker Series during which alumni are paired with classes that align with their expertise to share their talents with Drew students and other visitors. Shannon Murphy ’11 kicked off this program in Drew’s Marine Science class by presenting her work with Conservation International where she works on large-scale marine management solutions that benefit both people and nature. 14
ALUMNI INDUCTION CEREMONY Eric Schulkin ‘09, Alumni Council and Member of the Board of Trustees welcomed the Class of 2023 into the Drew Alumni Community in June by reflecting on his own unique Drew experiences and connections that he’s made and maintained over the years. From a Machu Picchu DEALL trip to long-lasting friendships, professional networking opportunities, Eric explained to this graduating class the importance and powerful impact of the Drew community, and how as Alumni they can give back and stay connected to their community. If you are interested in participating in upcoming alumni activities, being a class representative, or volunteering in some other way, please email advancement@drewschool.org.
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EXPERIENTIAL EDUCATION OPPORTUNITIES
DRAGON SPIRIT 2023 On April 28, 2023, Drew Just Wants to Have Fun exploded to 80’s tunes, costumes and lots of rubix cubes! Drew extends a heartfelt thank you to the many supporters of Dragon Spirit, Drew’s annual fundraising event. This year, we raised nearly $300,000 to support faculty salaries and had almost 200 people dancing to the tunes of Dirty Spoon, featuring our own Cait Jackson and Randolf Arguelles. Putting together an event like this takes tremendous effort and collaboration. Many thanks to the many parent volunteers who helped make this happen, with a special call-out to Susan DaSilva, Sarah Emberly Fishman, Ann Ledo-Lane, Jennie McClelland, Rachael Mundon, Jane Verma, Wendi Stern and Sebastian Lane for decorations and set-up, and to the many behind the scenes people whose help made the evening so special. Drew Just Wants to Have Fun brought out the best of the 80s and our community. From the music to the outfits, we do know how to have fun! We are so grateful for our community’s generous support of our extraordinary faculty — from sponsoring, buying tickets, underwriting faculty and staff tickets, donating items to the auction, participating in the live auction and paddle raise.
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EVENT SPONSORS Anonymous Paul Bracamonte Casper Caldarola Susan DaSilva and Thomas Roberts Richard Drury and Irene Sung Tanya Egan Gibson and Josh Gibson Jeannie and Christophe Fraise James Frisbie Stacie Goeddel and Mike Etheridge Daniel Henkle and Stephen Kawa Tracy Kirkham Marisa Lin and David Besio Tony and Anne Lopez Marjorie Moliere McMorris and Marc McMorris Dora and Dan Nathanson David Posner Posner Foundation of California Jennifer Posner Lindsy and Jason Sanders Rachael and Timothy Schafer Hope Schmeltzer and Joshua Grossnickle Mark Selcow and Lisa Acree Saraswati Strand Family Carol Swainson Dalel Jordan-Velez and Ricardo Velez Louise Vickroy
PADDLE RAISE Arpana Vidyarthi and Rajiv Ramanathan Mei and Al Wong Pam Allen and Doug Becker Luke and Jennifer Atkins Matt Babler and Peter Kuebler Alexis Bacciocco ‘12 Morgan Benz Lisa Busby and Hovey Clark Carol Carbone Marissa Castoro Tina Cheng Judy and Brent Daniel Susan DaSilva and Thomas Roberts
Farnaz Devitt Tanya Egan Gibson and Josh Gibson Rhean Fajardo and Vilaska Nguyen Natalia Felvinczi and Federico Fontes Matthew Flynn and Dominique Samuels Florencia Castelanelli and David Frankenberg Gordon and Jane Friedman Laura Frost and Christoph Bregler Ellen and Christian Galatti Stacie Goeddel and Mike Etheridge David Goldenberg Joanna Hauser and Jay Murphy Emmy Huang and Jamieson Leadbetter Kathleen Jordan and Paul Machle Amita Kachru and Giuseppe Ciaravino Mary Kerr Anthony Label and Laura Hauben Sebastian Lane and Ann Ledo-Lane Valerie and Darren Lee Joanna Lovett ‘06 and Saam Esfandiari Casey and Zack Lynch Janet McClelland and Paul Dorn Saya and Paul McKenna Marjorie Moliere McMorris and Marc McMorris Douglas and Alice Moore Matt Mrozek Ian O’Donnell and Yunsian Tai David Posner Posner Foundation of California Lisa Radler and Sara Watson Andrea Richerson Rachael and Timothy Schafer Hope Schmeltzer and Joshua Grossnickle Erica Scott Hilary and Adam Seligman Thuy and Milo Sindell Polly and Scott Stryker Michelle Sullivan Kathryn Tanner and Devon Boyle Marissa and Charlie Thieriot Tony and Jane Verma Louise Vickroy Arpana Vidyarthi and Rajiv Ramanathan Diane Weipert and Jonathan Archer Mei and Al Wong
Jennifer Posner
Judy Daniel
FROM THE PGA Many thanks to Jennifer Posner and Judy Daniel, Co-Presidents of the Parent/Guardian Association in 2022-2023. Under their leadership, parent education, faculty and staff appreciation, and grade-level socials blossomed, helping to build and engage community. We could not be more grateful for their work and we look forward to Charlie Thieriot’s joining Judy Daniel in 20232024 to continue their exceptional progress.
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A Culture of Philanthropy Drew prides itself on inclusivity and having a strong culture of philanthropy. Because of the generosity of our community, we are able to offer competitive salaries for teachers, a high percentage of financial assistance for families, an innovative curriculum, and facilities that meet the evolving needs of our teachers.
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There are many ways to support Drew: Cash, Check, Credit Card or Bank Transfer
Gifts of cash, typically payable by check, bank transfer, and credit card are tax deductible and provide immediate funds to the school. The easiest way to give is online at www.drewschool.org/support-us/ supporting-drew or by calling the Advancement Office.
Securities and Property
WAYS TO GIVE
Gifts of stocks, other securities, or property have two significant advantages to the donor — they are tax-deductible for the full fair-market value of the gift when it is made, and the donor does not pay capital gains on the appreciated value of the stock or property. Contact Selena Shadle at selenashadle@drewschool.org for more information on how to make a gift of this type.
Matching Gifts
Many companies have a matching gift program which can double and, in some cases, triple the value of your gift. Please check with your company’s Human Resources Department for more information.
Donor-Advised Funds
Donor-advised funds are a great way to support Drew and provide tax incentives for donors. At Drew, donor-advised funds can be used for gifts to the Annual Fund, capital campaigns, or Raise the Paddle at our Dragon Spirit event. However, they can not be used to fulfill written pledges. The IRS is fairly particular on how you use the funds. We can only accept donor-advised funds exclusively intended for charitable purposes. The IRS prohibits donor-advised fund account holders from receiving more than incidental benefits associated with the gift. For example, purchasing items of any kind at the live or online auction is not allowed. If you would like to use donor-advised funds to underwrite the auction, you must decline the tangible benefits that accompany it, such as tickets to the event.
Gifts in Kind
Drew welcomes donations of select objects as well as donations of auction items to the annual Dragon Spirit event. Gift value is determined by the donor through appraisal or a record of purchase.
Legacy, Planned or Deferred Gifts
Many people choose to leave Drew in their estate plans or to make a deferred gift. These types of gifts ensure Drew’s financial stability for years to come and leave a valuable legacy of your commitment to the school. Such gifts can be made by leaving Drew as a beneficiary of your retirement funds or life insurance policy, or by naming Drew in your will or trust. In addition, certain types of trusts or deferred gifts can provide valuable tax incentives for the donor while providing for Drew’s future. Please contact Selena Shadle for more information at selenashadle@drewschool.org.
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ENDOWMENT AND LEGACY GIF At Drew, endowment growth has become a priority. Drew’s total endowment is less than $500,000, significantly smaller than our peer schools. This means we have less to spend per student each year. The National Association of Independent Schools recommends having an endowment greater than a school’s annual operating budget. For Drew, that would mean an endowment of approximately $14 million. Each year, Drew draws a percentage from its endowment funds which can be spent on operating support, such as teacher salaries, or special projects, and provides flexibility to implement new curriculum or simply support classroom needs.
THE IMPORTANCE OF ENDOWMENT
In this ever-changing economic environment, endowment funds have never been more important. A school’s endowment ensures excellence and provides a margin of security against uncertainty. Without adequate, wisely-invested endowment funds, an institution is forever at the mercy of conditions beyond its control, such as economic, philanthropic, and demographic fluctuations, as well as unforeseen catastrophic events. A strong endowment is the mark of an esteemed and enduring institution. Income from the endowment allows Drew to maintain its financial equilibrium while allowing for innovation.
HOW TO ESTABLISH AN ENDOWED FUND
Giving should be a shared experience, one that benefits both the donor and the institution. Creating a named endowment fund is one of the best ways to forge a permanent, personal connection to Drew. These investments in the school not only serve to honor donors, they also serve as tributes to others and help to encourage gifts as models of philanthropy that will become part of the everyday landscape of Drew. Endowment funds are established in perpetuity and are recognized yearly in the school’s Annual Report. For more information about contributing to an existing fund or establishing a permanent endowed fund, please contact Selena Shadle, Director of Advancement, at 415-430-3719 or selenashadle@drewsschool.org.
EXISTING ENDOWMENT FUNDS AT DREW John Magee Endowment Fund
Honoring John Magee’s 24 years of service to Drew, The John Magee Endowment Fund was established in 2013 to help support ongoing programming in the Cuddeback Assembly Wing as well as other uses including faculty professional development.
Senior Class Endowment Funds
Some years, the senior class families raise funds to establish a senior class endowment initiative and to benefit future generations of Drew students. We hope that these alums, in turn, might someday contribute to this fund themselves, giving back to the school that helped lay the foundation for their future.
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FTS MAKING A LEGACY GIFT One way that Drew can grow its endowment is through legacy or planned giving. Many people choose to leave Drew in their estate plans or to make a deferred gift. Gifts through your will, trust, retirement plan or charitable trust ensure Drew’s financial stability for years to come and leave a valuable legacy of your commitment to the school. For more information about making a legacy gift, or to let us know that you have already included Drew in your estate plans, contact Director of Advancement Selena Shadle at 415-430-3719 or selenashadle@drewsschool.org.
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AFFINITY GROUPS AND CLUBS
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STUDENTS AT DREW 22
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2901 California Street, San Francisco, CA 94115
www.drewschool.org
What High School Should Be.