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Philanthropy Supports our Mission Message from Scott Hayter, Executive Director of Advancement
Scott and Sue Hayter
T
ime really does fly. It feels like only yesterday that I first drove up the entrance and marveled at the beauty of our campus. That day, I met polite young men and friendly staff and faculty. That was in fall 2007, and I started in my role in Advancement in summer 2008. My good impression has continued to grow. I look forward to my 10th and final year working at SAC. I will savour every event and every activity. I certainly look forward to a number of trips to visit our wonderful alumni around the world. The Old Boy network is truly an incredible one. In June, we launched our new strategic plan, which will take us to 2022. While it focuses on academic innovation and wellness, it also prioritizes the connectedness of our community, our facilities, and our financial sustainability. In order to foster the mindset of being an “Andrean for Life” in all members of our community, we will develop, emphasize, and expand lifelong relationships with Andreans around the world. We have added a 25th and a 40th reunion celebration to our Homecoming and our 50th reunion events. Old Boy use of our online network, Switchboard, continues to grow, and we are excited about the development of a committee and networking tools for alumni parents. We will enrich mentorship opportunities between current students and Old Boys, and we will continue to provide opportunities for them to return to campus or to attend events in their locality.
Through our philanthropic efforts, we will ensure the School has the best facilities and programs to support our mission. We have already started upgrading and renovating our four boarding residences, focusing on common areas with new kitchens, and plan to build new shower, sink, and toilet areas. We are seeking support for the revitalization of McLaughlin Hall, our science building, which opened in 1971 and is in need of complete refurbishment to bring it to the required standard of our teaching facilities. We will endeavour to grow endowed funds to bring missionappropriate students to the College and to provide unrestricted support to School operations. Our endowment has grown to $32 million, but that is not enough to provide the level of scholarship and bursary assistance necessary to sustain our financial aid initiatives. This year, the School’s financial aid budget provided support to 27% of the student body at a cost of $2.5 million. In June, we bid farewell to Edna Collins, Associate Director of Advancement, after 27 years of wonderful service to the College. I am proud of how well our Advancement team has assumed her numerous responsibilities.
“ St. Andrew’s College is constantly innovating, evolving, and leading in the education of young men.” I am pleased to report the evolution of our Communications team during my time at SAC. We now have a Director of Communications, Nicolette Fleming, and a team of communications professionals: Cindy Veitch (retiring in December 2017), Paul Mosey, Julie Caspersen, and Sean Maillet. At the end of the school year, in June 2018, I hand over the leadership of the Advancement team to Greg Reid, Assistant Headmaster, Student Life. While much has been accomplished during my tenure, there will always be much more to do. St. Andrew’s College is constantly innovating, evolving, and leading in the education of young men. My wife, Sue, and I have made great friendships, and our connection with this amazing Andrean community will remain. We, too, are Andreans for Life! SCOTT HAYTER
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SAC Foundation Statement of Operations 2016-2017 Year Ended June 30
2017
2016
REVENUE $6,632,160
$5,877,898
$844,289
$899,919
Realized Gain/(Loss) on Sale of Investment
$1,086,289
$1,469,952
Total Revenue
$8,562,738
$8,247,769
$970,943
$889,810
Donations Interest & Dividends
Donations
Endowment: 4%
Capital: 88%
Annual Giving: 8%
DISTRIBUTIONS Scholarships & Bursaries
distributions
School’s Priority Needs & Designated Gifts Unrestricted Donations
$669,458
$653,562
Other Designated Gifts
$1,623,058
$381,676
$55,718
$23,535
Capital Projects (CMP & Major Renovations)
$4,173,112
$4,481,201
Total Distributed to St. Andrew’s College
$7,492,289
$6,429,784
Gifts in Kind
Fees: 2% Other Designated Gifts: 22% Unrestricted: 9%
OTHER DISTRIBUTIONS
Planned Giving Expenses: 1%
Scholarships, Bursaries & Awards: 12%
CMPII: 46%
Major Renovations: 8%
Investment & Custody Fee & Credit Card Charges
$163,275
$156,120
Planned Giving Expense
$110,220
$126,706
$7,765,784
$6,712,610
Donations by constituency
$796,954
$1,535,159
Other: 29%
$30,466,744
$30,013,646
$879,765
-$1,082,061
$32,143,463
$30,466,744
Total Distributions
ENDOWMENT SUMMARY Excess (Deficit) of Revenue over Expenses for the Year Fund Balances Beginning of Year Unrealized Gain (Loss) on Investments Fund Balance End of Year
Old Boys: 36% Current Parent: 35%
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Planning Ahead “Young” Old Boy makes impactful donation of life insurance
D
avid Miklas ’07 is a real numbers man. The St. Andrew’s College grad has an engineering degree and an MBA, and knows the right numbers on a page can translate into financial security. He also knows the right combination of numbers can add up to something very meaningful. “I had no intention of giving to St. Andrew’s at this point in my life,” says David, 28, a financial planner who specializes in life insurance at Oakville-based Stewart Financial. However, he took his love of numbers and his passion for giving and donated a $250,000 life insurance policy to SAC. “Wow, this is really worthwhile now, and I like the idea of seeing my donation being put to work when it’s fully paid off in 10 years,” David says. “We like to recognize our donors of life insurance for their generosity David Miklas ‘07 while they’re living, creating a living legacy,” explains Julie Wilson, SAC’s Planned Giving Officer. “A life insurance gift is a powerful form of philanthropic support. Donors can establish an endowed scholarship or bursary when their premiums are complete.” SAC offered David an attractive incentive by matching half of the insurance premium; it’s a program unique to the School and makes a significant difference to the long-term future of St. Andrew’s College. As in David’s case, donors can often make a larger gift than they ever thought possible. His expertise at Stewart Financial helps families and individuals make impactful donations in a way they might not otherwise be aware of. David shares how he transformed his premium payments into a future donation to the College. The School’s Foundation owns the life insurance policy and splits the annual premium
payments of just over $3,200 with David, an agreement extended to Old Boys. The $250,000 policy will be paid off in 10 years, at which time David’s gift will be recognized through the School’s Endowment Fund through a scholarship or bursary to a student. David is also provided with a charitable tax receipt for his $1,600 annual contribution. In total, he will have paid $16,000 (pre-charitable tax receipt) in premiums to donate a fully paid-off $250,000 life insurance policy. He promotes this type of philanthropy to Old Boys of all ages. “You could make a real impact,” David says. “You want to feel like you’re making a difference.” In fact, philanthropy is a bit of a family tradition: David’s father Gregory Miklas ’76 and his uncles, Paul Miklas ’80 and Brian Miklas ’78, are also in the habit of “recognizing people and institutions that helped (us) along the way,” he says. So David set his altruistic sights on SAC when it came to his personal philanthropic plans. “I miss high school more than I miss university,” David admits, launching into a story about purposely failing an entrance exam to another independent school in order to attend St. Andrew’s. He gained admission, attending as a day student and living in Thornhill. David now resides in Toronto. He says his four years at St. Andrew’s established a tight-knit network of peers and taught him the moral code by which he lives. “Everyone is willing to help you out if you’re an Andrean.” And as an Andrean, David is putting that sentiment into practice, helping out future St. Andrew’s students using his love for numbers, and his desire to give back. Julie Caspersen
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A Proud Three-Generation St. Andrew’s Family
T
he name Armstrong ranks among those whose families’ contributions have helped make SAC a truly remarkable school. The Armstrong legacy began with T. George ’33, his older brother, Robert ’27, and his younger brother Andrew ’38. Sadly, both brothers died young; Robert was killed in Italy in the Second World War, and Andrew died from a long illness while attending the University of Toronto. George enjoyed a stellar six-year career at SAC, embodying the School’s mission of the “complete man.” He was Head Prefect, played 1st Football, was captain of 1st Hockey and 1st Cricket, and Commanding Officer in the Cadet Corps. He also won a trophy for being the best shot, which must have held him in good stead as a lieutenant in the Royal Canadian Artillery. George’s son, Brian ’61 is a chip off the old block. In his final year at SAC, Brian was a Prefect, editor of The Review, and a member of 1st Football and 1st Hockey, going on to graduate
from Osgoode Law School. Both father and son enjoyed successful careers, and they chose to give back to the School that helped shape them. George served on SAC’s Board of Governors from 1960 to 1973, the last six years as Vice-Chairman. Brian sat on the Board for 29 years—1976 to 2005—and was a Foundation Trustee from 1997 to 2005. Under Brian’s leadership as Board Chairman (1996-2005), the School opened the Middle School, Rogers Hall, Yuill Gymnasium, Wirth Art Centre, and Staunton Gallery. In 2004, Brian made a gift of life insurance to the School, with SAC owning the policy on the lives of Brian and his son, Robert ’87. The policy dues were realized earlier this year and have created a living legacy, so Brian and Robert can see the benefits of their gift in their lifetime. In September, this gift became the T. George Armstrong Scholarship. Brian asked that the scholarship goes to a wellrounded student, who excels not only in academics, but also in athletics and the arts.