NCSSM Foundation Annual Report 2020–2021

SAVE THE DATE! Ignite + Transform Campaign Celebration is Friday, October 7

ANNOUNCING

RAISING $50 MILLION TO INNOVATE ACADEMIC OPPORTUNITIES, UPGRADE AND BUILD INSPIRING LEARNING ENVIRONMENTS IN DURHAM AND MORGANTON, AND DEEPEN THE REACH OF STEM EDUCATION THROUGHOUT NORTH CAROLINA Learn more about these ambitious plans – and progress so far – inside this report and at IGNITE.NCSSM.EDU Please help realize this vision to meet our school’s mission now and into the future!

ALUM HONORS DR. JOAN BARBER WITH GIFT TO SUPPORT UNDERREPRESENTED MINORITY PROGRAMS For years before she retired as Vice Chancellor for Student Life, NCSSM faculty emerita Dr. Joan Barber regularly pulled together hardwon grants with money from the margins of NCSSM’s yearly budget to run summer programs for underrepresented and underserved minority students.

In 2020, Alan Cline ’90, and his wife, Michelle, honored Barber’s efforts by establishing the Barber Fund for Underrepresented Minorities for STEM Leadership.

The fund provides direct support of NCSSM’s Summer Leadership and Research program, which Barber created in 2008 to help incoming minority students better prepare themselves for the rigors of life at NCSSM; and Step Up to STEM, a program Barber created in 2013 that brings rising 9th-grade underrepresented minority students from throughout the state onto the NCSSM campus for an in-depth exploration of the opportunities available in STEM fields.

The gift is the largest ever from an individual or family directed to underrepresented minority (URM) programming at NCSSM.

ANONYMOUS TRUST GRANT WILL EXPAND OPPORTUNITIES IN EASTERN NC NCSSM’s outreach efforts in Eastern North Carolina got a significant boost in 2020-2021 with a grant of $100,000 from the Anonymous Trust. The gift will support the targeted expansion of NCSSM’s Step Up to STEM and Summer Accelerator programs into rural and underserved communities east of Interstate 95.

Summer Accelerator helps rising 5th- through 12th-grade students explore STEM topics through both residential and online experiences that range from one to three weeks, depending on the age group.

Thanks to the Anonymous Trust, NCSSM is better positioned to leverage its resources and partnerships to strengthen the STEM ecosystem in North Carolina’s eastern Coastal Plain.

NCSSM Residential Class of 2021

WHAT WE AC

ALUMNI ESTABLISH SCHOOL’S FIRST ENDOWED FACULTY CHAIR IN MEMORY OF DR. JOHN KOLENA The faculty at NCSSM have, for decades, been recognized through awards and honorifics for their excellence in the classroom.

It was this expertise upon which the school was founded, and their leadership and innovative spirit continue to build NCSSM’s stature among the best public high schools in the country.

In 2021, NCSSM alumni honored this tradition of instructional excellence by establishing the school’s first ever endowed faculty chair. Created in memory of the late Dr. John Kolena — a beloved astronomy and physics professor at NCSSMDurham for 32 years who had a profound impact on generations of students — the John Kolena Memorial Fund is nearing its $1-million goal and will forever fund an instructional position in the NCSSM Physics Department through endowment earnings.

PHIFER FAMILY GIFT TO NCSSM-MORGANTON HONORS DR. JOHN FLEMING As NCSSM-Morganton moved toward its 2022 opening, the Phifer family from Morganton committed $250,000 in support of the campus’ completion in honor of their long-time family friend and fellow Morganton native, Dr. John Fleming.

Fleming has dedicated his life to the preservation of African American history.

He helped create and direct museums highlighting African American history, wrote books and articles about the Black experience in America, taught at the university level, and served on numerous boards including his appointment by President George W. Bush to the National Museum of African American History and Culture Presidential Commission. He is now the museum director in residence for the National Museum of African American Music in Nashville, Tennessee, and director emeritus of the Cincinnati Museum Center in Ohio.

In recognition of the gift and Fleming’s achievements, Fleming’s name will adorn the central entry staircase into Goodwin Hall, a four-story historic building that houses classrooms, the main check-in area for the Morganton campus, and administrative team.

NCSSM Online Class of 2021

20-21

COMPLISHED

WHAT LEADERS HAD TO SAY

Both NCSSM and the Foundation have worked strategically over the past several years to build our capacity to raise funds to advance our mission, and now we see that foresight starting to pay off mightily for North Carolina students.

Barb Coury, Vice Chancellor for Development & NCSSM Foundation President

With the opening of our second campus in Morganton and our focus on making the Durham campus just as state-of-the art, we are poised to increase opportunities and take the NCSSM experience to yet another level, all for the good of our state and its students.

Dr. Todd Roberts, Chancellor

Private philanthropy – because it enables calculated risk-taking, innovation, and flexibility – is truly key to the great stature NCSSM has achieved to date, and to its future greatness.

Dr. Murray Abramson ’83, MD, MPH, 2021-22 Chair of the Foundation

With a second campus opening in Morganton in 2022, NCSSM is doubling down on its promise to fill the STEM pipeline with the next generation of leaders who are ready to solve complex, realworld problems. We are preparing a better future for ALL of North Carolina, our nation and the world.

Follow along with NCSSM-Morganton and subscribe to our newsletter: NCSSM.EDU/ MORGANTONCAMPUS

NORTH CAROLINA’S LEADERS REALIZED A BOLD VISION IN CREATING THE NATION’S FIRST PUBLIC RESIDENTIAL HIGH SCHOOL FOCUSED ON SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS MORE THAN 40 YEARS AGO. Today, NCSSM knows how to generate opportunity for learners in every corner of the state, and North Carolina communities are flourishing in partnership with the school. We have vision, ideas, partnership, and connections – and as a community, we must come together to maximize these opportunities with the right investment of resources.

So, NCSSM Foundation is working over several years to raise $50 million in philanthropic support from alumni, parents, and friends of the school to supplement and leverage the generous support from the state of North Carolina.

Talented young people all across North Carolina need you to join with others who believe in the promise of NCSSM and do your part to strengthen the impact of NCSSM’s innovative STEM education.

FUNDRAISING FOCUS AREAS

We’ve raised $35 million toward these priorities as of February 2022, and we need your help to make it the rest of the way.

Visit IGNITE.NCSSM.EDU to learn the details of NCSSM’s plans for new and redeveloped buildings and expanded programs and experiences – and the transformed lives they will make possible. There, you can watch our campaign video as well as the recording of our virtual announcement event that premiered on 2.22.22.

FINANCIAL REPORT

This financial statement of the NCSSM Foundation as of and for the fiscal year ended on June 30, 2021, was not subjected to an audit, review, or compilation engagement.

$18.3 MILLION 52

endowed funds

TOTAL MARKET VALUE OF NCSSM FOUNDATION ENDOWMENT (as of June 30, 2021)

2,701 total donors

students served* *through residential, online, NCSSM Connect, Summer Accelerator, Step Up to STEM, and Summer Ventures programs

11,963 148 alumni

2,381

volunteers

$1.34 BILLION

annual economic contribution of NCSSM + its alumni to North Carolina’s economy, including $635 MILLION in alumni earnings + spending

92

counties represented by current classes of residential and online students

54%

of NCSSM’s 11,000+ ALUMNI live in and pay taxes in NC

GIFTS TO THE NCSSM FOUNDATION ANNUAL FUND

infuse academic and residential life with meaningful moments year after year. Making a yearly gift enables students to have enriching thinker-maker-doer experiences, musical instruments and lessons, athletics, trips to academic competitions, van loops to recreational destinations, and even residence hall pizza nights. We thank our community for helping us provide $1.3M+ in support for annual operations in FY 2020-21.

13%

alumni participation

49%

parent participation

$121,999 $257,089 raised on Giving Tuesday

raised in March Challenge

TOTAL EXPENDITURES 2020-2021

Academic Programs $653,444 Student Services $132,138 Extended Learning Programs $3,841 Administrative $72,822 Foundation + Development $723,197 Campaign $283,207 External Relations $131,670

$3,850,608

TOTAL EXPENDITURES Architectural renderings of a new Academic Commons addition and cafeteria renovations on the NCSSMDurham campus.

TOTAL REVENUES 2020-2021

Temporarily Restricted $211,692 Unrestricted $1,394,958 Permanently Restricted $402,667

$7,502,960

TOTAL COMMITMENTS 2020-2021

$2,009,317 TOTAL REVENUES

F O U N D AT I O N D O N O R S | F I S C A L Y E A R J U LY 1 , 2 0 2 0 - J U N E 3 0 , 2 0 2 1

GIVING CIRCLES

Gifts of $2,500 or more during fiscal year 2020–2021 LAUREATE CIRCLE $100,000 plus The 2A Foundation Anonymous Trust Broyhill Family Foundation, Inc. UNC Health Blue Ridge Cisco Systems Inc. Alan C. Cline ’90 Golden LEAF Foundation Karen B. McLaughlin ’83 & Mark D. McLaughlin Carl A. Ryden ’89 & Ashley Ryden Samsung Rick & Terry Stone P’03 Virginia & Gerald Wilson VISIONARY CIRCLE $50,000 to $99,999 Rich Balot ’95 & Colleen M. Balot Philip P. Breitfeld & Susan G. Kreissman Epic Games, Inc. Mitchell & Dawn Epstein The Goodnight Educational Foundation Young-dahl Song & Juliet Kim Song INNOVATOR CIRCLE $25,000 to $49,999 Dan P. Cory ’89 Ben Davenport ’93 Kulynych Family Foundation, Inc. Thomas & Barb Lill Bruce & Pat Meikle Scott A. Ogle ’93 & Jennifer J. Ogle Daniel J. Teague & JoAnn Cohen Erik W. Troan ’91 & Brigid V. Troan P’20, P’22 Troan Foundation, Inc. TRAILBLAZER CIRCLE $10,000 to $24,999 Murray A. Abramson ’83 Maya K. Ajmera ’85 & David H. Hollander Barnhill Contracting Company Barnhill Family Foundation Belle Jar Foundation Stuart & Arti Benjamin P’22 Christopher T. Brogdon ’07 Case Farms, LLC Kai I. Chung ’86 & Vivian Yeung Go Global NC Huffman-Cornwell Foundation Jennifer G. Levy ’90 Mary Freeman Wisdom Foundation Bobby & Carolyn Maynor P’10, P’13, P’20 Elizabeth L. Pandolfo Briggs Paul Raff ’00 & Audria C. Stubna Hooman Sabeti ’83 Adam Simpkins ’99 Society for Science & the Public Linda S. Wall John M. Woodell ’91 & Michelle D. Prysby ’92

CATALYST CIRCLE $5,000 to $9,999 Vipul H. Amin ’94 Anonymous donors Adair Phifer Armfield Adriana & Mauro Atalla P’22 Richmond & Sharon Baker P’13 David B. Barr Stephanie M. Bass ’91 & Will Bass Benthos LLC Biogen Foundation Blue Cross Blue Shield of NC Michael D. Bradshaw The Bresler Foundation Inc. Joe F. Britt ’87 N. Taylor Brockman ’99 & Jennifer Jenkins ’99 Elizabeth & Jason Burgess P’21 Carolina Furniture Concepts Inc. Carey L. Cates ’90 Stephen Caudle ’00 Stephen N. Cole ’85 Joseph & Karalyn Colopy P’20 Lisa A. Cooper P’11 Credit Suisse Americas Foundation Karen M. Eller ’86 & Joseph W. Floyd ’86 Adam F. Falk ’83 Han Feung ’91 Buddy & Daleleen Fisher Geiger Furniture Emily & Jeffrey Gordon P’21 Louis J. Gordon ’83 & Sandy Gordon P’18 David G. Gray ’84 Steven & Nancy Gregory Manisha & Sandeep Gupta P’17 Elzie & Nancy Hart P’94 Herman Miller Cares Foundation Hexion, Inc. The Industrial Commons Shiva & Edward Kincaid P’18, P’20, P’23 Gene Y. Ko ’90 Henry D. Kuo ’82 & Irene R. Kuo ’82 P’11, P’16 Stanford Lin ’87 Marshall L. Massengill ’05 Jeanine K. Murphy ’86 Allen D. Nuttle ’84 Michael P. Owoc ’09 Elizabeth G. Page ’82 & Dan R. Page P’08, P’10 Jamie C. Pate ’82 Rohan & Angela Paul P’18 Edward W Phifer III Mimi Phifer Nancy Phifer & Samuel Cykert James Rideout & Diane Murray P’14, P’21 Todd Roberts & Arleen Song P’23 Charles A. Roederer ’94 & Mary W. Roederer ’94 Jeffrey T. Skinner ’89 Michol Stanzione P’21 Benjamin S. Succop & Sara Lou B. Succop Louis Vaught Cathy & Bill Veal Simon Verghese ’83 Vulcan Materials Company Huanliang Xia & Xuejun Li P’15, P’21 Weitao & Helen Yang P’16, P’21

EXPLORER CIRCLE $2,500 to $4,999 Brian & Yun Boylston P’22 James R. Bridges ’88 & Elizabeth C. Bridges ’88 P’22 Michael Bridges P’88 Geoffrey P. Burgess ’86 & Kristin L. Breuss Burroughs Wellcome Fund Amarinthia E. Curtis ’95 & Chris Curtis Katherine K. Dunleavy ’88 Michael & Michelle Ellwanger P’11, P’13, P’14 Lawrence Greenblatt & Cathleen Melton P’16, P’18 Jane & John Greene, Sr. Olga & Vitaliy Grinberg P’21 Jennifer A. Horney ’90 & Michael J. Chan April C. Horton Kenro Kusumi ’85 Gina N. Likins ’86 & Adrian Likins Tom & Lucy Looney Catherine & Daniel Mcbrayer P’22 Heather Mcelroy P’22 Meritor, Inc. Amy & Matthew Messier P’21 Patricia W. Miller Sergio R. Miranda ’91 & Amy Miranda P’22 Heather Mohorn Kachinske ’05 & Joe Kachinske Jennifer & Daniel Moul P’18 Nicklas B. E. Oldenburg ’85 & Paul D. Carter Patrick W. Panuski ’11 Phifer Lumber Company Red Hat Corporation Tre’ Scott ’89 Carol & John R. Van Buren P’15, P’20 Brock Winslow ’86 & Bristol Winslow P’15, P’17 Charles R. Yount ’83 & Pamela Yount

CORPORATIONS & FOUNDATIONS

The 2A Foundation Acme Medical Specialties, PLLC AmazonSmile Foundation AmerisourceBergen The Authentic American Company Baker Hughes Foundation Bank of America Barnhill Contracting Company Barnhill Family Foundation Beatrice Cobb Trust Belle Jar Foundation Benthos LLC Biogen Foundation Blue Cross Blue Shield of NC Blue Ridge Waste, Inc. The Bresler Foundation Inc. Bridgeway Solutions, Inc. Broyhill Family Foundation, Inc Burroughs Wellcome Fund California Resources Corporation Carolina Furniture Concepts Inc. Case Farms, LLC Cashmere & Gold Entertainment Chick-fil-A at Morganton Cisco Systems Inc. CocaCola Give Corning Foundation Corning Optical Communications Craft’d Credit Suisse Americas Foundation

CustomInk LLC Dave Steel Company, Inc. Duke Energy Foundation (Matching Gifts) Ecolab, Inc. Elias’ Butcher Shoppe, Inc. Epic Games, Inc. Food Matters Markets, Inc. Geiger Furniture Go Global NC Golden LEAF Foundation The Goodnight Educational Foundation Google Matching Gifts Program Graham Holdings Harris Teeter LLC Hartford Insurance Group, Inc. Herman Miller Cares Foundation Hexion, Inc. Huffman-Cornwell Foundation The Industrial Commons Intel Foundation J.Z. Wang Psychiatric Services P.C. Johnson & Johnson Family of Companies Matching Gifts Program Kulynych Family Foundation, Inc. David M. LeMay, DDS Lennon Search Associates Lenovo Lytle Real Estate David B. Malin, DDS Mary Freeman Wisdom Foundation Meritor, Inc. Microsoft Matching Gifts Program/Microsoft Giving Campaign Mint 2B Enterprises NetApp News Herald Oracle Matching Gifts Program Phifer Lumber Company PNC Institutional Asset Management Premier, Inc. & Related Companies Q2 Software Rao Family Foundation Raytheon Company, Matching Gifts for Education Real Living Carolina Property Red Hat Corporation Red Hat Matching Gifts Program Ross H. Powell PA Salesforce.org SAP Matching Gift Program Schneider Electric/Square D Foundation Sherri’s School of Dance Silicon Valley Community Foundation Society for Science & the Public Sony Pictures Entertainment Southeast Poultry Health Services, Inc. TD Ameritrade Clearing Toyota4Good Troan Foundation, Inc. UBS Financial Services, Inc. UNC Health Blue Ridge Van Buren Law, PLLC Vanguard Matching Gift Program Vulcan Materials Company Wells Fargo Matching Gift Program Zenith Automotive Solutions LLC Zinat Management LLC

NCSSM-MORGANTON DONORS

Betsy After Vipul Amin ’94 Anonymous donors Adair Phifer Armfield Richmond & Sharon Baker P’13 Barnhill Family Foundation Kevin & Erica Baxter Beatrice Cobb Trust Benthos LLC W. Louis Bissette, Jr Blue Ridge Waste, Inc. Mark & Karen Brazinski P’15 Philip Breitfeld & Susan Kreissman J. Michael Bridges P’88 Broyhill Family Foundation, Inc. Tyler A. Buckner ’91 Mark Buff Jane W. Bullock ’89 Carolina Furniture Concepts Inc. UNC Health Blue Ridge Case Farms, LLC Wendy Cato Chick-fil-A of Morganton Ellen & Rountree Collett Grayson Cooper ’08 Lisa Cooper P’11 Corning Optical Communications Leslie Cothren & Mark Patrick Craft’d, Inc., owned by Maryann & Mark Koziel Marin B. Crosbie ’85 Dave Steel Company, Inc. Justine T. Davey ’08 Hal A. Davis Dorothy Ervin Buddy & Daleleen Fisher Food Matters Market & Cafe Morganton Zachary M. Fowler ’12 William R. Fox ’83 Cheryl Gann & Chris Gann The Goodnight Educational Foundation Jane & John Greene, Sr. Steven & Nancy Gregory Ashley Grindstaff Rod & Pamela Harrelson Nancy B. Hart P’94 Don & Susan Haugen Herman Miller Cares Foundation Hexion, Inc. Sandy Hoilman Huffman-Cornwell Foundation Eric Hunsley The Industrial Commons Keethan R. Kleiner ’09 Kulynych Family Foundation, Inc. Melissa Lawler ’89 John T. Lee Lennon Search Associates Mary Jean Leonardi ’86 Rich & Janina Linens Tom & Lucy Looney Lytle Real Estate Hannah E. Martin ’07 Michael Martine ’87 & Emily Fox Martine ’88 P’18 Stephanie Mason ’90 Marshall Massengill ’05 Patricia & Bruce Meikle Meritor, Inc. Margo K. Metzger ’97 Mark & Laurie Miller Jack & Pat Moncrief Teresa Norman Allen Nuttle ’84 Colin, Katie, & Delaney ’20 O’Connor

Rebecca & Edward Phifer Mimi Phifer Nancy Phifer & Samuel Cykert Phifer Lumber Company Edward & Roben Plyler Susan & David Pollpeter Real Living Carolina Property Ed & Abby Redman Charlie & Chasity Rice Todd Roberts & Arleen Song Adam J Schmidt ’16 Sejal Shah ’01 & Akash Parikh Kimberly J. Shankle ’93 Sherri’s School of Dance Lamar Smitherman & Barbara Knight Kimberly & Jason Spratley P’20 Carol Steen Kenneth B. “Bryan” Steen Sara Lou Byrd Succop & Benjamin S. Succop Steven & Victoria Sudderth Thompson & Kathryn Tisdale P’90 Linda Kelly Treiber P’97, P’20 The Troan Foundation Louis Vinay & Beth Miller Vulcan Materials Company Linda S. Wall Michael & Anne Marie Watts Steve & Renee Whisenant Otis & Linda Wilson Alan & Kelly Wood John M. Woodell ’91 & Michelle D. Prysby ’92 Charles R. Yount ’83 & Pamela Yount

LEGACY CIRCLE

Sharon C. Amaya ’88 & Marc G. Amaya Scott A. Bales ’84 Marina C. Bonaventura ’83 P’15 Tina Burleson ’89 Mary Pat Campbell ’92 John D. Capps ’83 & Susan G. Capps ’83 Michael & Cynthia Dougherty P’10 Pamela M. Dunwell P’07 Richard G. Harrelson ’87 Jenny Idichandy ’88 Seungheui & Jin Hong Lim P’11, P’15 Patricia W. Miller Kay Morgan Debra L. Pawl Laura & Barry Poole P’09, P’13 Karen A. Reid ’88 Debra L Smith P’09 Ken Steen Katharine E. Stewart ’85 Erik W. Troan ’91 & Brigid V. Troan P’20, P’22 Harold Tucker Cathy Veal Steve & Cecilia Warshaw Virginia S. Wilson Robert O. Winters ’85

If you would like to include the NCSSM Foundation in your estate plans, please call Vice Chancellor for Development & Foundation President Barb Coury at (919) 416-2866 or complete the form available at ncssm.edu/planned-gifts.

GET INVOLVED:

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To discuss making a transformative gift, contact Barb Coury, Vice Chancellor for Development & NCSSM Foundation President, at barbara.coury@ncssm.edu, or April C. Horton, Executive Director of Development, april.horton@ncssm.edu.

Or show your support with an annual gift at: NCSSM.EDU/DONATE View complete FY 2020-21 donor lists online: NCSSM.EDU/ ANNUALREPORT2021

NCSSM Foundation P.O. Box 2733 1219 Broad Street Durham, NC 27715-2733

SAVE THE DATE! Ignite + Transform Campaign Celebration is Friday, October 7, 2022

ANNUAL REPORT FY 2020-21 2020-21 BOARD OF DIRECTORS Phil Breitfeld, Chair Murray Abramson ’83, Vice Chair Taylor Brockman ’99, Secretary Katherine G. Manuel, Treasurer Maya Ajmera ’85 Brian Bailey ’84 Joe F Britt ‘87 Joe Colopy Kim Donica Han Feung ’91 Zack Fowler ’12 Louis Gordon ’83 Wayne Kimball ’07 Henry Kuo ’82 Karen LeVert Stanford Lin ’87

Bob Lynch Randy Myer Scott Ogle ’93 Rohan Paul Margaret “Meg” Powell ’94 LeShawndra Price ’91 Michelle Solér Charlie Stone ’03 Sara Lou Succop STAFF OFFICERS Barbara Coury, Assistant Secretary, Vice Chancellor for Development & NCSSM Foundation President Leah Englebright, Assistant Treasurer, Associate Vice Chancellor for Finance

EX-OFFICIO Trish Aiello, Parent Association Chair Mariah King, Faculty Senate Representative Mark M. Morgan ’89, NCSSM Board of Trustees Chair Christopher J. Paul ’01, Alumni Association President Todd Roberts, Chancellor Charles “Rick” F. Stone, III, Chair-Emeritus