Capital Campaign Newsletter - Spring 2017

Page 1

T h e

The Millbrook Campaign

GROWING SUPPORT:

Capital Projects Completed Barn Renovation:

$4,000,000

Squash Center Expansion: New Dormitory:

$1,700,000 $8,400,000

Health & Wellness Center: Dining Hall:

$400,000 $10,000,000

A gold level LEED certified student center

Building on the long tradition of excellent teaching and teachers at Millbrook, the second of the seven objectives in our strategic plan, known as Vision 2017, is to attract and retain the strongest faculty possible by improving salaries for classroom teachers to the median of a tenschool peer group, improving our retirement benefits, and adding to our faculty housing inventory. Labeled the Covenant with Faculty, it also includes a detailed rubric to describe excellence in classroom teaching. This rubric was developed by our academic department chairs, who were led in this effort by Dean of Faculty Kathy Havard P’11, ’13, and is now used in our assessment and development of classroom teaching. Significant adjustments in compensation have pushed salary levels up, and we continue to intentionally develop a school culture that is supportive of faculty in a variety of ways. Professional development opportunities are encouraged and supported—teachers can pursue graduate degrees, attend conferences and workshops, and work together to innovate and to grow as professionals in ways that enhance teaching and learning on campus. The covenant also supports teachers who have been with us for a number of years. They can earn a sabbatical or summer travel grant, and such an opportunity can work wonders for sustaining teachers and allowing them to renew and refocus. Finally, the school is also committed to providing appropriate and quality housing for faculty members, and three new townhouse units with six faculty homes are nearing completion. While we’re making progress, there are still gaps as compared to our peer schools and a deep need to sustain and enhance these initiatives with endowment. A growing endowment will allow Millbrook to attract and retain the very best teachers who will continue to work the Millbrook magic with generations of students to come.

a 44-bed facilty for girls, with four beautiful faculty homes

state of the art 400-seat facility for a student body of 300 and faculty & staff

Dorm Renovations: New Maintenance Facilities: Main Street Millbrook:

renovations to Prum, passages to the new dining hall

Trustee Robert Koenigsberger and his wife, Dilek, parents of Amber ‘13 and Ilayda ‘16, have stepped forward to make an unprecedented challenge to Millbrook School to address the school’s top capital priority: to raise the school’s endowment by a total of $20 million in 2017.

Zoo Improvements:

including renovation of the Mill

$1,500,000

Flagler Chapel Improvements: Faculty Housing:

$500,000 $3,000,000

Schoolhouse upgrades, lighting, landscaping, safety and security

TO BE ACCOMPLISHED

Faculty support:

professional development and salaries and benefits

Financial Aid: Program Initiatives & Innovation: Campus Facilities & Maintenance:

million – thanks to the tremendous support of our alumni, parents, trustees, and friends. We are closing in this year on our most ambitious goal ever - $2.2 million.

ANNUAL FUND 2016-2017

$2,200,000 $1,757,847.69 $1,679,671.35 $1,429,651.42

$885,769.92 $641,083.55

$142,364.58 $116,464.58

$55

New Admission Center:

The Annual Fund has grown by more than 400% since 1990 – from $425,000 to over $2.1

If we are successful in meeting this challenge, Millbrook will take another giant step forward. Needless to say, we are incredibly grateful to the Koenigsbergers, who have been catalysts for new facilities on campus prior to the current endowment challenge. This is an incredible opportunity for the school and is certain to go a long way towards making Millbrook inevitable as the best small boarding school in our country.

$600,000

Campus Improvements:

accounting for $10 million of the total goal through 2017.

Specifically, Robert and Dilek will contribute $1 for every $4 the school raises in gifts and pledges for endowment by December 31st. They will donate a total of $4 million if the school can raise $16 million this year. The Koenigsbergers believe strongly that a good school requires a healthy and growing endowment to accomplish its mission and to provide adequate support for the faculty, for financial aid, and for the ongoing maintenance of the physical plant.

In Progress

$84,915.08

Growing The Endowment

$55,000,000

8/1/2016

9/1/2016

10/1/2016

11/1/2016

12/1/2016

1/1/2017

2/1/2017

3/1/2017

$50

$1,500,000

$45

Recent records in annual giving participation are equally impressive and demonstrate the commitment

$40

our alumni have to making the current Millbrook experience even better than their own. In the recent Headmaster’s Challenge, an Annual Fund participation challenge for the classes of 1990 and above, three

$35

IN PROGRESS

845-677-8261 • www.millbrook.org

THE KOENIGSBERGERS OFFER EXTRAORDINARY CHALLENGE GRANT FOR ENDOWMENT

$500,000 $1,600,000 $1,700,000

For Endowment

Produced by Millbrook’s Development Office

Annual giving is important and integral to the current capital campaign,

$10,000,000

In Millions

The Endowment & The Covenant with our Faculty

Annual Fund Dollars and Participation

C a m p a i g n

Spring 2017

$33,000,000

classes from three decades were declared the winners:

$3 $25

class of 1997

$20

$10,000,000 $3,000,000 $2,000,000

$18,500,000

$10,000,000

class of 2013

$0

’98 ’99

’00

’01

’02 ’03

’04

’05

’06

’07

’08

’09

’10

’11

’12

73.5%

class of 2003

$15,500,000

$15 $10

classes led the way; others followed very closely behind. By the end of the challenge on February 28th,

’13

’14

’15

’16

’17

69.1% 44.3%

GOAL by 6/30/1


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