Campaign for Catholic Schools Report to Donor

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CAMPAIGN FOR CATHOLIC SCHOOLS Rebuilding Urban Catholic Education

2018 Annual Report

Our Mission The Campaign for Catholic Schools is a change agent dedicated to rebuilding Catholic education in the Archdiocese of Boston through new models that introduce lay governance, strong academics, updated facilities, new technology, and innovative teacher support.

Cover image: Students thrive in the media/technology center of Saint John Paul II Catholic Academy, Lower Mills Campus, which was completely renovated in 2015, the fifth school building to be renovated by the Campaign for Catholic Schools in 10 years.

Thanks to your generous spirit

$93 MILLION RAISED Some returns on investment are better than money.

We’ve set a new standard. CCS has created and co-sponsors, with the Archdiocese of Boston, two urban Catholic elementary academies, formed from ten parish schools. We have also influenced the creation of four other regional Catholic schools in Greater Boston.

Your generosity helps us change lives. Every day.

For more than ten years, the Campaign for Catholic Schools (CCS) has been rebuilding urban Catholic elementary education in Greater Boston, thanks to people like you.

Today, 1,500 students receive an excellent education at Saint John Paul II Catholic Academy (SJPIICA) in Dorchester and Trinity Catholic Academy (TCA) in Brockton.

Our groundbreaking model focuses on lay governance, enhanced academics, new teacher support, and school consolidation/renovations that transform the lives of our students.

Catholic school students experience higher rates of graduation and college matriculation than many public school students. As adults, they have a greater level of civic engagement, are more likely to vote and volunteer, and are more tolerant of diverse views.

We are not just rebuilding schools.

We are changing lives.

1

THE FUTURES MARKET IS BOOMING.

One of the greatest lessons we teach our students is to dream about the future. The positive effect of early childhood education has lifelong impact on health and achievement.

2

Little Students. Big Dreams.

Because early academic preparation sets the groundwork for long-term success, our Academies provide the kind of support needed for all students to reach their full potential and ensure no dream is too big.

Beginning with students as young as two years and nine months, our full-day and after-school early childhood programs are designed to support our youngest learners in their social and emotional development. As the program progresses, pre-kindergarten and kindergarten students grow and thrive through ageappropriate academic programs that incorporate “learning through play.” Teachers receive professional development to stay current with innovative new ideas and best practices.

In school year 2017-2018, 483 children were enrolled in early childhood programs at SJPIICA and TCA.

SJPIICA

TCA

n For the last five years, SJPIICA has n Pre-kindergarten and kindergarten partnered with The Lynch Foundation’s programs incorporate a curriculum Early Childhood Education Initiative, of religion, literature, writing, math which generously supports curriculum science, and social science. design/implementation, professional n A new health and wellness program for development, coaching, tuition-free early childhood students explores ideas master’s degrees for early education like conflict resolution, making good teachers, and capital grants to ensure choices and having respect for others, age-appropriate environments. as well as the importance of exercise, n This highly effective partnership has led nutrition, and the limiting of screen SJPIICA Lynch scholars to score at the time.

89% level on the National Scholastic School Readiness Test, testing “ready” or “ready plus” for entrance into first grade, prepared with a strong academic foundation for the path to success.

3

THEY ARE OUTPERFORMING ALL BENCHMARKS.

Our Academies hit just the right note in reaching for excellence in academics, faith formation, and the arts.

4

100%

Graduate CCS Academies

▶

66%

Choose Catholic high school

▶

98%

Graduate Catholic high school

▶

92%

Attend 4 yr. colleges or universities

Strength in Numbers Our nurturing learning environments and extended day programs, from 6:30 am to 6:00 pm daily, are game changers with winning results for our students and their families. n 100% of our students grades 4-8 participate in STREAM (Science, Technology, Religion, Engineering, Arts and Math). n In the last year, we’ve seen 231% increase in reading comprehension and vocabulary scores in our Latin and Greek Roots Vocabulary Program. n 64% of students participate in extended day programs.

n 86% of students take instrumental music lessons during the school day. n 2018 academic growth scores at SJPIICA exceeded Archdiocese of Boston’s goals, with one campus having the highest growth in the Archdiocese.

While strong academics are integral to our Campaign’s focus, we also invest in the arts, from music instruction and performance to drama and art classes. In addition, we offer programs in the “new literacy” including computer coding, robotics, engineering and technology, beginning for students as young as four-years-old.

5

SHE IS AN EXTRAORDINARY ASSET TO HER CLASSES.

From Boston College Urban Catholic Teacher Corps–to elementary school teacher–to principal, Kristin Blanchette is the type of teacher we want to attract and retain.

6

Investing in Teachers Studies show a great teacher can help a student achieve 1.5 years of learning in one year, while a poor teacher is equivalent to a student being absent 40% of the school year. Effective teachers are key to student success.

The new $25 million fundraising initiative, the Fund for the Future, focuses on innovative teacher and principal support programs to attract, develop, retain, and reward the best teachers.

New programs include: n Pay for performance for top teachers—Rewarding the top 20% of teachers with higher compensation n College loan debt forgiveness—Increasing retention among young teachers by providing eligible participants with up to $10,000 in debt forgiveness over time n Career track positions—Creating assistant principal and teacher coach positions to develop a cadre of trained educators and future school leaders n Master’s degree tuition reimbursement—Coming soon. Will provide selected teachers with subsidized master’s degrees in education, tied to a requirement to teach at the Academies

7

OUR GRADUATES ARE PAYING BACK BIG DIVIDENDS.

A 2009 SJPIICA graduate, Laura is now a Senior Career Advisor at Bottom Line, a non-profit dedicated to helping underserved and first generation students be successful in college and life.

8

Bright Futures Our students begin looking toward the future as soon as they step into pre-kindergarten, and with your support, they leave our schools ready to take on the world with confidence and poise. With a strong Catholic education as their starting point, our alumni are proof of our schools’ invaluable outcomes.

ADDISON ATTANGA

LAURA DEMEZIEUX

Graduated:

Graduated:

n 2010 TCA

n 2009 SJPIICA

n 2014 Xaverian Brothers High School

n 2013 Cathedral High School—Valedictorian

n 2018 Boston University

n 2017 Boston College

Addison credits TCA for providing the supportive environment and faith formation that helped him through crucial life transitions. He hopes to pursue a career in the film industry.

Laura credits her success to the tremendous faculty support and outstanding learning environment at SJPIICA. She is currently working to help first-generation, low-income students apply to college and aspires to return to SJPIICA as a guidance counselor.

These are just two of hundreds of stories of our successful graduates, with more to come.

9

Fund for the Future

INVESTING FOR LONG-TERM GAINS.

CCS Trustees have set the following goals:

$12.5M

Operating/program support for academics, enrichment, scholarships, and student services

$6.5M

New initiatives for teacher/ principal support and leadership development

$6M

Endowment for future sustainability

10

Established in 2017, the $25 million Fund for the Future is a multi-year effort to strengthen academics and school sustainability, while providing funding for innovative teacher/principal programs and endowment.

Statements of Financial Position June 30, 2018 and 2017

2018 2017

ASSETS Cash and cash equivalents Contributions receivable, net Investments Dividends receivable Total assets

$

1,414,525 10,560,969 1,830,801 18,588

$ 13,824,883

$

473,068 11,261,892 883,473 7,991

$ 12,626,424

LIABILITIES AND NET ASSETS Liabilities Due to related organizations Notes payable to related organizations

$

Total liabilities

1,044,340 7,720,289

$

853,264 8,538,989

8,764,629

9,392,253

Net Assets Unrestricted (7,833,212) Temporarily restricted 10,365,945 Permanently restricted 2,527,521

(9,202,818) 11,636,980 800,009

Total net assets Total liabilities and net assets

5,060,254

$

13,824,883

3,234,171

$ 12,626,424

These numbers are excerpts from the audited financial statement of The Fund for Catholic Schools, Inc., (a/k/a The Campaign for Catholic Schools). A complete copy of the audited financial statement is available on bostoncatholic.org.

19

Statement of Activities and Changes in Net Assets For the Year Ended June 30, 2018

Temporarily Permanently

Unrestricted

Restricted

Restricted

Total

REVENUE Contributions Interest income Appropriation of endowment return for operations Net assets released from restrictions

$

1,004,450 5,618 57,788

$

3,337,219

2,383,253 $ —

— (3,337,219)

— — —

$

—

3,387,703 5,618 57,788 —

Total revenue 4,405,075 (953,966) — 3,451,109

EXPENSES Program grants Fundraising General and administrative

2,122,430 316,696 596,343

— — —

— — —

2,122,430 316,696 596,343

Total expenses

3,035,469

—

—

3,035,469

Changes in net assets from operations

1,369,606

(953,966)

—

415,640

— — —

— 53,539 (57,788)

1,390,797 — —

1,390,797 53,539 (57,788)

— —

(336,715) 23,895

336,715 —

— 23,895

—

(317,069)

1,727,512

1,410,443

NON-OPERATING REVENUE (EXPENSE) Endowment contributions Interest and dividend income Appropriation of endowment return for operations Clarification of donor intent Net realized and unrealized gain on investments Total non-operating revenue (expense) Changes in net assets

1,369,606

(1,271,035)

1,727,512

1,826,083

Net Assets, beginning of year

(9,202,818)

11,636,980

800,009

3,234,171

Net Assets, end of year

$

(7,833,212

$

10,365,945

$

2,527,521

$

5,060,254

These numbers are excerpts from the audited financial statement of The Fund for Catholic Schools, Inc., (a/k/a The Campaign for Catholic Schools). A complete copy of the audited financial statement is available on bostoncatholic.org.

20

CCS Board of Trustees Jack Connors, Jr. Chair Co-Founder Hill, Holliday, Connors, Cosmopulos Robert G. Atchinson Vice-chair Managing Director Adage Capital Management Kathleen F. Driscoll Secretary for Institutional Advancement Archdiocese of Boston William P. Leahy, S.J. President Boston College Mary Flynn Myers

President Campaign for Catholic Schools Michael W. Roberge CEO MFS Investment Management Jack A. Sebastian Managing Director Goldman Sachs Gerald V. Sheehan President and Owner L. Knife and Son Brother Daniel E. Skala, C.F.X. Headmaster Xaverian Brothers High School Brendan J. Swords Chairman and CEO Wellington Management Company Herbert S. Wagner, III Managing Partner Finepoint Capital James M. Walsh Executive Director Campaign for Catholic Schools

“There are few investments that pay better dividends for our community and Church than Catholic schools.”

Jack Connors, Jr.

Chair, Campaign for Catholic Schools

66 Brooks Drive Braintree, Massachusetts 02184 617-262-5600 campaignforcatholicschools.org

CAMPAIGN FOR CATHOLIC SCHOOLS Rebuilding Urban Catholic Education