Live Oak School Annual Report 2022-23

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LIVE OAK SCHOOL

ANNUAL REPORT 2022/23


Live Oak School supports the potential and promise of each student. We provide a strong academic foundation, foster skills to effect change, and develop courageous and conscientious learners from all backgrounds. We inspire students to advance equity and inclusion, to act with compassion and integrity, and to pursue a lifelong passion for learning.

VISIT OUR WEBSITE TO LEARN MORE liveoaksf.org


Dear Live Oak Community, As I reflect on the 22/23 school year, I am thrilled to share the remarkable strides we've made in shaping the future of our school. Our commitment to Live Oak’s Strategic Directions has been instrumental in envisioning a dynamic future deeply connected to our campus and the vibrant Potrero Hill community. This past school year, the Board initiated critical work to envision the future of our school’s campus; this work is both inspiring and pivotal. Through collaborative efforts and extensive dialogue, we're developing a framework that aligns our growth with the values of our community and the aspirations of our students. The vision for a gym, performing space, and just a place to gather as a whole resides not just in our dreams. To formalize this vision, the Board will think creatively and strategically on how to increase and mobilize the Futures Fund to act on opportunities that may arise. Zooming into the current needs, Committee work is instrumental in guiding resources and expertise to strengthen our academic program each year. The DEI Committee launched Family Affinity Networks, which cultivate not just a sense of belonging and inclusion but also a culture of joy within our community. Opportunities to gather unite us in our shared values and experiences. The Building & Grounds Committee continued to work on projects to ensure the safety of our campus. The Advancement Committee built on the excitement of our 50th Year to continue our school’s strong culture of philanthropy; last year’s gifts and donations to the school exceeded $1 million. These contributions are a reflection of the expertise and leadership of our trustees. Our most sincere appreciation to Hanmin Lee and Arleigh Giroux for their service. We look forward to working with our new trustees Sam Hong, Cory Mickels, and Audrey Soriano. Looking ahead, our momentum propels us into an exciting phase of growth and innovation. With our continued dedication to strategic planning, unwavering support for our students, and a focus on nurturing our community bonds, we continue to deliver on the promise of our mission. I extend my deepest gratitude to each member of our community—faculty, staff, students, and families—for their unwavering dedication and commitment to our shared vision. On behalf of the Board of Trustees, thank you!

Sincerely,

Regina Eberhart President, Board of Trustees P ‘25

LIVE OAK ANNUAL REPORT

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FINANCIALS As of June 30, 2023

Revenue

2022-23 Tuition & Other Programs

$18,246,997

Fundraising Endowment Total

Expenses

94%

Salaries & Benefits

$10,116,779

52%

$2,992,335

15%

$1,036,136

5%

Facilities & Occupancy

$112,000

1%

General & Administrative

$3,057,862

16%

Adjusted Tuition

$2,779,740

14%

Debt Service

$697,758

4%

$19,395,133

Total

19,644,374*

*Financials include depreciation

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AT LIVE OAK, WE CELEBRATE EVERY DONOR'S INVALUABLE CONTRIBUTION TO CREATING THE MAGIC FOUND IN A LIVE OAK EDUCATION. Starting this year, Live Oak is excited to announce an update in our approach to recognizing our donors. We'll now be listing our generous supporters alphabetically only, without specific giving levels or amounts. This shift perfectly aligns with our deeply held belief in the power of philanthropy: every gift, regardless of size, holds tremendous meaning to us. In lieu of a giving level listing, we'll be sharing summary data that showcases how our families, grandparents, alumni, staff, and friends contribute to our culture of philanthropy. We're continually humbled and inspired by the choice our donors make in championing Live Oak in their philanthropic endeavors. Your commitment to our mission truly embodies visionary thinking—the kind of spirit that our world needs more of!

DONATIONS BY GIVING LEVEL

# of Donors

% of Overall Giving

Black Oak Circle ($25,000-99,999)

8

20%

Canyon Oak Circle ($5,000-9,999)

46

24%

Blue Oak Circle ($15,000-24,999)

7

12%

Desert Oak Circle ($1,000-4,999)

128

23%

Coast Oak Circle ($10,000-14,999)

19

17%

Live Oak Circle ($1-999)

184

4%

Total

392

LIVE OAK ANNUAL REPORT

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2022/23 BOARD OF TRUSTEES Thank you to the Board of Trustees and Committee Volunteers for your service and leadership to Live Oak. Trustees Regina Eberhart, Chair Roseanne Barry Rachel Bernstein Joanne Cronin Jules Day, PGA Chair Arleigh Giroux Ajay Gopal Phil Gutierrez Hanmin Lee Diana Lie Nate Lundy Brenda McConathy Tom Murphy Virginia Paik Gina Patterson Jill Pierce Jack Poindexter Andrea Saint-Prix Voltaire Villanueva Drew Williamson Evan Wolf

ADVANCEMENT COMMITTEE Nate Lundy, Chair Scott Coleman Sonia Kapoor Anne Mercogliano Tom Murphy Jaime Lovejoy Resmini Jamie Roberts Gaurav Sharma Andree Sosler Elana Weinberg Evan Wolf

BUILDING & GROUNDS COMMITTEE Jack Poindexter, Chair Steven Allen Joanne Cronin Alison Heath Arleigh Giroux

23/24 Incoming Trustees Cory Mickels Sam Hong, PGA Chair Audrey Soriano

AUDIT COMMITTEE Drew Williamson, Chair Helen Chao Diana Lie Cory Mickels Patrick Scott Joanne Siu

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FINANCE COMMITTEE Rachel Bernstein, Chair Matt Babler Eva Bogaty Ximena Delgado Steve Goodman Ajay Gopal Phil Gutierrez Sid Tandon

DIVERSITY, EQUITY, AND INCLUSION COMMITTEE Roseanne Barry, Chair Sunya Berkelman-Rosado Jules Day Ambrosia Fisher Yuka Hachiuma Kimberly Higuchi Rita Louh Gina Patterson Jill Pierce Leecia Welch

TRUSTEE COMMITTEE Brenda McConathy, Chair Regina Eberhart Diana Lie Crystal Mickles Joanna Sacks Andrea Saint-Prix Voltaire Villanueva


THE LIVE OAK FUND ADDS THE MAGIC TO A LIVE OAK EDUCATION, SUPPORTING PROFESSIONAL DEVELOPMENT FOR EVERY MEMBER OF OUR FACULTY AND STAFF AND EXPANDING THE DEPTH AND BREADTH OF OUR CURRICULUM. A robust Live Oak Fund allows the school to be flexible in its response to critical and emerging needs. Each year we ask our trustees, faculty and staff, family, alumni, and grandparents to participate in giving to the Live Oak Fund. This list represents all giving during the 22/23 school year to ensure the delivery of Live Oak’s mission.

Anonymous (13) Abbott Fund John and Ally Ahearn Paul Ainslie and Angela Sabella Aditya Ajwani and Erin Bradrick The Alam Family Edie Alejandre Stephen and Leah Allen^ Barry and Lindsay Ames Amone Corp^ Antonio Ampie° Apple Martin Babler and Peter Kuebler° Peter Bach-y-Rita and Elizabeth Arbuckle^ Roy and Sara Bahat° Said Bahmad and Chaimae Aitbenlahcen Keith and Roseanne Barry° Justin Bass and Marisa Rolland Tom Bassett and Jade Dalton^

Total Years of Giving ^ ...... 5+ years ° ...... 10+ years ‡...... 15+ years � ...... 20+ years

Stephen Bates and Leecia Welch^ Aaron Bell and Sarika Singh^ Arnis Berger Sunya Berkelman-Rosado^ Rachel Bernstein^ Harold Bernstein and Tricia Foster‡ Nathaniel Bernstein° Sharyne Beza^ Kiran Bhat and Payal Watchmaker^ ashley black BlackBaud Giving Fund BlackRock, Inc^ Steve and Clare Blake Tagan Blake and Natalie Kitchen^ Nicholas and Eva Bogaty° Sergio and Amanda Borgiotti° Patrick and Cathleen Brady^ Michael Buckley and Esther Park Jenny Burns Judith A. Carroll^ JJ and Jenn Carter^ Malika Carter‡ Neil Cashman and Stefanie Mandl-Cashman^ Marco and Susana Casias^ Cerity Partners Foundation Minerva Ceron° Victoria Cheng Mark Chiang and Sue Lee

Radbert and Diana Chin^ Mary Ann Chin Ng and Daryl Ng� Camilo Coelho‡ Barrett and Tria Cohn^ Scott Coleman and Heather O'Neill° Carlos Antonio and Monique Colón John Corey and Kendall Jones‡ Josephine Corlett^ Randall and Pamela Corson° Tom Crabtree and Patricia Callaway Deborah and Erica Craven-Green Sossi Crilly^ Joanne Cronin^ Andrew and Elena Cuneo Jack Dalton^ The David and Lucile Packard Foundation^

1:4 students participate in Adjusted Tuition Program. Average adjustment is $33,000.

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Mark and Julie Day^ Jack and Sherry Delo^ The Denmark Family° Paul Dimitre and Andrea Brunetti^ Wilbart Dionisio^ Molly Ditmore^ Eric and Kathleen Doherty^ Jordan Drosd Holly and Darron Dunn� Lisa Duque David and Regina Eberhart^ Daniel Ewing and Alison Ludwig^ Mallory Faldt John Felt and Jordan Peavey Fidelity Charitable Gift Fund^ Matthew and Stephanie Fillbrandt^ Thomas and Kathryn Fisher^ Matthew Flynn and Dominique Samuels^ Marc and Darleen Franklin James and Rachel Fraser

WE ALL HAVE DIFFERENT REASONS FOR DONATING. I DONATE TO LIVE OAK BECAUSE I BELIEVE IN THE MISSION OF LIVE OAK AND THE FACULTY AND STAFF HAVE SUPPORTED MY SON AND MY FAMILY. I WANT OTHER FAMILIES LIKE MINE TO HAVE ACCESS TO THIS WONDERFUL ENVIRONMENT AND EDUCATION. Tom Murphy, P ‘25 and Trustee

Greg Friedland and Andree Sosler Peter and Heather Friedland^ Michelle Andelman and Daniel Friedman Johnny and Glenn Galang° Gap, Inc.° Mauro Garcia and Migdalia Ordonez Rachel Garlin and Leila Sturdy° John Gaudino�

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Genentech Givingstation‡ Paul and Nicolle Germano Tracey and John Gersten Andrew and Ruqoiyah Ghe-Huang Arleigh Giroux° GlaxoSmithKline Foundation Shannon Gomez Steven and Deborah Goodman° Google Gifts Matching Program° Byron Gordon and Melissa Thompson Anita Green Shawn and Susan Greene Monique Guidry^ Phil and Roberta Gutierrez Janeth Gutierrez Moreno Francisca Guzman Erick Hachenburg and Joy Cox Savannah Hair The Halstead Family Naomi Hamburger° Eric Hankinson and Krista Mitzel Ken and Jeanie Hanover^ The Hansens James Hart and Katharine Hart Yvonne Hendricks David and Ashley Hesslein Adam Hicks Kimberly and Jacqueline Higuchi Rolland Ho and Rita Louh^ Meaquel Hodges Benjamin Holl and Mahasty Lebastchi^ Samuel Hong and Jennifer Oh Intuit Santosh and Dawn Jayaram^ Mike and Jennifer Jimenez-Cruz^ Jiwook Jo and Eunmin Kim Scott Joaquim and Ana Varela^ Jason Johnson and Nataly Gattegno^ Christie Jones Christopher Jones and Selina Tobaccowala^ Zhi Kang and Qin Li Rajan and Sonia Kapoor^ Alana Kaselitz and Rebekah Grasl Steve and Susan Kellerman Jason and Tracy Kenworthy^ Mathew Kiang and Valerie Ng

186

students attend Extended Care. Costs are scaled for families participating in Adjusted Tuition Program Wasem-Klementz Family Bear Korngold and Willow Schrager^ Alayna Kramer^ David Kraska and Laura Bremer^ Leila Kratter's Family Kathryn Kundrot Ethan and Rebecca Kurzweil^ Victoria and Philip Ladew Xavier Lanier and Amisha Gandhi^ Xavier and Gerri Lanier^ Daniel Leberman and Whitney Horton Bryan and Ingrid Lee Edward Lee Hanmin Lee and Barbara Morgenthau‡ Sharon Lee Richard Leo^ Geoff Lepper and Leslie Stephens^ Schulmynn Leung and Margaret Liu^ Ulric Lewen and Sergey Yurasov^ DaoMing Lin and Kathy Qiong Li Rikard Lindquist and Elin Hagström^

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hours of rehearsal by 50 actors and crew members for the Fall play


Michael Linn and Cheryl Frank° Ciaran and Theresa Long^ Dionysia Loufas^ Sherman Luk and Jasmine Kaw° Nate and Tammy Lundy° Scott MacBean° Ajay Madan Gopal and Sunita Solao^ Gabriel Madway and Stacey Delo^ Amelia Manes Joseph Mardall and Nisha Gulati Renata Martin^ Claudia Martinez Mario Martinez-Muñoz Felix Massillon and Tracy Massillon Soham Mazumdar and Natasha Mohanty Brenda and Jeff McConathy° Eric McCrath and Jacqueline Bos^ Theodore McCullough and Stephana Patton^ Warren and Karen McFarlan^ Kevin McGill and Melissa Zimel Medtronic Foundation^ Francisco Mendez and Mercedes Muñoz Amy Meyers Willie and Crystal Mickles° Microsoft Rodney Minott and Arcadia Smails Jami Miskie^ Lesley Miyagawa^ Robyn Miyagawa-Sue and Alan Sue° Ericka Moreno Richard Mortillaro and Patricia Downey^ Evan Moses and Susanne Cooper Paul Moses and Barbara Lubash Thomas Murphy and Timothy Murphy^ Gautham Mysore and Natasha Jaipaul Macario Namie and Courtney Towle Jay and Christine Nath^

100%

faculty engage in professional development, including Project Zero, People of Color Conference & Orton-Gillingham Training

Stephan Nguyen Tom Nguyen and Lily Ngo^ Jamey Nielsen and Kami Frankel^ Nintendo John and Raven Norris^ Jon and Kristin Novotny Sean O'Malley and Anne Mercogliano David and Elizabeth Obershaw^ Karen and Larry Olson° Geoff Oltmans and Tara Mark^ Orr Family Fund Virginia and Andrew Paik� Robert and Kara Passaro^ Kalpesh Patel and Divya Patel Omari and Gina Patterson^ John and Artemis Patrick^ Erik and Viviana Paxman^ Marcus Payne Steve and Lisa Pearlmutter Emma Peat and Jonathan Bercovitch‡ Vanessa Peat^ Andrew and Emily Perito Edward Pertcheck Karl and Kirsten Pfleger^ PG&E Corporation� Jennifer Phillips Jill Pierce° Kelley Plasterer Louise Polsky Esther Porcella David Raynor and Erin Dolly^ Eros and Jaime Resmini Scott and Virginia Reynolds Andrew Rich and Michelle Leitzke‡ Wyatt Richards

Kim Richman^ Jamie and Jacqueline Roberts^ Avery and Kwanua Robinson Jeff Rosen and Amanda Rosen Biren and Hiromi Roy^ Andrea Saint-Prix° Salesforce.com Foundation° Jerome and Rachel Sak^ San Francisco Foundation^ Girish Satya and Purvi Sangani^ Mike Scagliotti and Miya Peard^ Mariana and Daniel Schiffner^ Judith Schiffner^ Evan and Erin Schnair Schwab Charitable Fund Yann Schwermer and Beth Toland Patrick and Elizabeth Scott^ Keith Seabury and Dana Seabury Sephora, USA^ Sujal Shah and Bijal Parikh Shell Oil Company Foundation Matching Gifts^ Doug Sheppeck and Mary Coleman Silicon Valley Bank Silver Lake Ryan and Christina Siu Todd Sklar and Lynn Mezzatesta� Robbie Smiley° Andrew Smith^ Jeffrey Smith and Jolene Yee Audrey and Darius Soriano^ Monica Soriano^ Jaime Spray^

I CONTINUE TO GIVE TO LIVE OAK BECAUSE I WANT TO HELP OTHERS TO EXPERIENCE ALL THE JOY AND LOVE OF LEARNING THAT MY SON HAS ENJOYED SINCE KINDERGARTEN. AS A PARENT, MY APPRECIATION OF BEING PART OF A COMMUNITY WHO TRULY WANTS THE BEST FOR EACH AND EVERY CHILD IS NOT SOMETHING TO TAKE FOR GRANTED AND WHATEVER I CAN DO TO SUPPORT THE GREAT WORK OF THIS SCHOOL IS SOMETHING I WILL HAPPILY DO YEAR AFTER YEAR! Ambrosia Fisher, P ‘27

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29

field trips (and counting) to help our students make real world connections to their learning

Robert and Sarah Starling^ Erik Steen and Katherine Orr^ Rick and Gail Stephens^ Craig Stuart and Susan Kim-Stuart° Patrick Sullivan Hung-Wen and Michelle Sun Tanya Susoev William Swinerton and Denise Mooney^ Adrian Takyi^

Pankaj and Jyoti Talwar^ Stephanie Temple° Cathleen Tinder Ty and Marcia Tingley Matthew and Mercy Tolve^ José Trujillo^ Miriam Truslow Sam Truslow and Kate Reeder^ Vivian Tse Twilio Brett Valle and Amanda Galton-Valle Jan Carel van Panthaleon Baron van Eck and Minke Binnerts Mateo Vanholland William Vass and Shari Steele° Ashlley Vela Belcher Eduardo Vergara and Monica Ruiz-Noriega^ Voltaire and Jeanes Villanueva^ Marc and Megara Vogl^ Emmet Ward and Lorraine Gallagher Ward

Rob Wasielewski William Weihl and Lisa Mahaly� Daniel and Elana Weinberg^ David and Sylvia Weisz Family Foundation° The Wey Family^ Christopher Wick and Erin Hiemstra Scott Wilber and Elizabeth Asdorian� Paul and Heba Williams^ Andrew Williamson and Jill Jarrett° Marcel Wilson° Evan and Carla Wittenberg^ Evan and Erin Wolf Vincent Wong and Candice Lee Alphonse Wu and Donna Tse° Nicole and Murshed Zaheed° Carlos Zerzan^ Marc Zilversmit and Barabara Biagas°

ENDOWMENT Invested for growth and funded through contributions, endowments are self-sustaining sources of revenue, allowing us to deliver a Live Oak education for generations to come.

The Holly Horton Scholarship Endowment Fund

The Holly Horton Scholarship Fund supports the growth of our Adjusted Tuition Program, making a Live Oak education accessible to more students.

HOLLY HORTON SCHOLARSHIP ENDOWMENT FUND

The Futures Fund

The Futures Fund leverages investments made by families in our first 50 years to sustain support for the school’s next 50 years.

FUTURES FUND

The Live Oak School Endowment

The Live Oak School Endowment provides support for developing and implementing a curricular program that enriches the learning experience of every student.

LIVE OAK SCHOOL ENDOWMENT

$350,811 $6,652,694 $2,347,732 *Balances as of June 30, 2023

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THANK YOU!

We gratefully acknowledge the parents and guardians, trustees, alumni, grandparents, alumni families, foundations, friends, and faculty and staff who support Live Oak School. Every effort has been made to ensure the accuracy of the information contained in the Annual Report. Please accept our sincere apologies for any errors or omissions. You can bring them to the attention of the Advancement Office at advancement@liveoaksf.org.

WAYS TO GIVE Planned and Future Giving

Donors can include Live Oak School in their estate plans; this thoughtful vision and planning provides for the future of the school.

Bequests

By naming Live Oak in your will, you can provide support without any current cost and may receive an estate tax deduction.

Retirement Plan Beneficiary Designation

By naming Live Oak as a beneficiary of your plan, you retain your assets for your life while receiving an income tax and estate tax deduction at your death.

Charitable Trusts

Hold your appreciated assets in a trust that includes Live Oak as an eventual beneficiary while it generates regular income for you and provides capital gains tax protection.

LIVE OAK ANNUAL REPORT

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