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S I N F O N I A

E D U C A T I O N A L

F O U N D A T I O N

20102011

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“My true appreciation for the SEF comes from my memory of the event [Leadership Institute 2011] they helped me to attend… I saw plenty of familiar faces from last year and met plenty of other brothers. It felt as though I stepped into a room where each man was a stranger, but the common denominator of Phi Mu Alpha brought us so close that it felt like we’d known each other our entire lives. It’s that feeling of brotherhood that drew me back this year and will bring me back for future Leadership Institutes. If it wasn’t for the travel grant I received, I would not have been able to make it to Evansville. That contribution made all the difference and allowed me to attend this amazing program.” Garrett Lefkowitz

SEF 2011 ANNUAL REPORT • 2


F R A T E R N A L • G R E E T I N G S •

Dear Brother, Fraternal greetings and Hail Sinfonia! I’m proud to be able to share a lot of great news with you. From June 1, 2010 to May 31, 2011, the period covered in this report, we granted more dollars than any other year in our history. We added three dynamic board members to our Board of Trustees. We also established our new Chapter Fund Program – giving you a way to directly support the efforts of your chapter. Your generosity continues to allow us to make a difference in the lives of our members. As you look at our financial overview, you will see how we have been able to enhance the amount of support to our brothers by adding to our scholarship program and increasing travel grants. We continue to find ways to reduce our expenses which allows even more of your dollars for programs. We utilize the expertise of our board members to manage all aspects of our operations. I am truly excited by the steps we have taken and the direction we are going.

many stories about the increasing cost of tuition and the lack of scholarships and financial aid available. One brother in particular told me that the scholarship he received from the SEF was the difference that enabled him to continue his education this year. The Board has been hard at work planning for the future. We are working closely with the Fraternity to develop future men of music. Our brothers go on to become the conductors, performers, educators, creators, and supporters of our art – as many of us are today. It is up to us to ensure that music can continue to thrive. The SEF has positioned itself for growth. With your continued support, Sinfonia will continue to change lives with the beauty and power of music. If you have not been an active donor, I urge you to join us in this movement. I thank you all for your loyalty and the generous commitments you have made to our efforts as we continue to enrich the lives of collegiate Sinfonians and advance music in America. On and ever upward,

Your gifts greatly impact the lives of our brothers, allowing them to participate in inspiring leadership development opportunities. I had the privilege of witnessing the effect of these gifts by talking to our grant and scholarship recipients at Leadership Institute this summer. Our brothers continue to need and ask for our help. I heard

Derek J. Danilson, President

F R AT E R N A L G R E E T I N G S . . . . 3 FINANCIAL REPORT . . . . 4 P R O G R A M U P D AT E & I N F O R M AT I O N . . . . 5 DONOR RECOGNITION . . . . 6 OUR FUTURE . . . . 7 3 • SEF 2011 ANNUAL REPORT


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THE BOARD OF THE SINFONIA EDUC ATIONAL FOUNDATION IS COMMIT TED TO THE GROWTH OF OUR SCHOL ARSHIP AND LEADERSHIP PROGRAMS. THE FOLLOWING IS A BREAKDOWN OF PROGRAM SUPPORT FOR FISC AL YEAR 2011:

SCHOLARSHIPS 55% FRATERNITY LEADERSHIP PROGRAMS 25% TRAVEL GRANTS 5% OTHER 14% This past fiscal year, the Foundation increased program support by 26% and is committed to increasing program support year-overyear in order to best meet the needs of our fraternity members.

FY2011 DONORS BY GIVING LEVEL LEVEL

DONORS

DONORS BY DECADE

PERCENT OF TOTAL # DONORS / $ RAISED

DECADE

DONORS

PERCENT OF TOTAL # DONORS / $ RAISED

$0.01 - $9.99

37

6.9%

0.4%

1930s

3

0.6%

0.6%

$10.00 - $24.99

78

14.5%

2.3%

1940s

44

8.2%

4.8%

$25.00 - $49.99

127

23.6%

6.8%

1950s

82

15.3%

9.0%

$50.00 - $99.99

132

24.6%

13.5%

1960s

121

22.5%

24.0%

$100.00 - $249.99

129

24.0%

32.2%

1970s

66

12.3%

10.7%

$250.00 - $499.99

20

3.7%

11.4%

1980s

41

7.6%

19.3%

$500.00 - $999.99

6

1.1%

6.8%

1990s

50

9.3%

12.4%

$1000.00 - $2499.99

5

0.9%

10.5%

2000s

130

24.2%

19.2%

TOTAL

537

100.0%

100.0%

$2500 + TOTAL

3

0.6%

16.2%

537

100.0%

100.0%

COST PER $ RAISED 2011

2010

2009

Total Raised

$60,111.78

$76,475.17

$62,213.42

Development Expenses

$14,177.79

$15,238.43

$35,724.87

$0.24

$0.20

$0.57

Cost per $ Raised

We continue to keep a close eye on expenses, choosing fundraising approaches with the biggest bang for our buck. Our spending on fundraising continues to be in line with standards within the industry ($0.25 per $1 raised).

ENDOWMENT GROWTH...21% INCREASE

The endowment saw growth this past year due to the performance of the stock market, income generated from the portfolio, and a contribution from the dollars raised during the year. SEF 2011 ANNUAL REPORT • 4


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• P R O G R A M • U P D A T E •

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he educational endeavors of the Sinfonia Educational Foundation have a clear focus: to enrich lives and advance music. In 2011, the programs of the Foundation have truly served its mission locally, regionally, and nationally. Thanks to our donors, the SEF has been able to award scholarships and travel assistance grants, provide educational and musical opportunities for collegiate members at national events, and support presenters at the Leadership Institute. The Foundation, with the help of Fraternity volunteers, also developed a way for brothers to support chapter level giving through the launching of our newest philanthropy, the Chapter Funds Program. The SEF continues to develop and expand its ability to impact the lives of Sinfonians, not only through continually progressive programming, but through the kindness, sacrifice and generosity of our donors. The Leadership Institute has benefited significantly from the generosity of Foundation donors. In both 2010 and 2011, a combined total of over 5 • SEF 2011 ANNUAL REPORT

300 brothers gained powerful, life changing and transformative educational experiences through fellowship, leadership development and musical programs and activities. This year, travel grants were awarded to ALL Sinfonians who applied for the program, enabling them to take part in this experience. The SEF was there for these brothers whose attendance would not have been possible without that extra support. Timothy King had this to say about Leadership Institute, “I am grateful to have been selected for a travel grant to attend this year’s Leadership Institute. This is something that I will never forget and it was by far one of the most inspirational experiences that I have ever had. I want to thank everyone who took part in making the Leadership Institute possible because it changes the lives of many collegiate Sinfonians.” The SEF was also able to give attendees of this year’s Leadership Institute a copy of “Lincoln on Leadership” to help them put into practice the information they learned during the weekend.

“I learned skills that I can use not only in the Fraternity but also in everyday life and… I plan to use and share this information with others so they can also become great leaders.” TIMOTHY KING The scholarship program continues to be the cornerstone of the SEF’s philanthropy. As the costs of education continue to increase, students are finding it more and more difficult to fund


“Donate as much as you see financially feasible. Knowing that the money is being used to further the education of Sinfonians, both in school and at events, should help to make any investment very valuable.” KEVIN DONOVAN forced to take a leave of absence or drop out.

their education. This is evident in the number of students who have applied for scholarships – applications received for this year’s program increased by nearly 100% from the prior year. There is an unprecedented demand for this program, and we are committed to increasing the support of it by raising the number of scholarships available in the coming year. Although financial need was not the basis of any of the scholarship awards, some recipients have gone as far to share their personal stories about financial need with Foundation Trustees. We learned that many of the scholarships we awarded allowed recipients to stay in school when they otherwise would have been

A growing number of brothers have taken interest in supporting the SEF. But we must ask ourselves, has all of this rhetoric actually proven to be of real and sustaining benefit to the world. Every time this question was posed to the beneficiaries of the SEF programs, the answer was a resounding “Yes!” This is because the sustaining benefit to the world will be evidenced through the growth and development of the Sinfonia Fraternity, when these men of song carry on the refrain, achieving greatness and power, while still singing “Hail Sinfonia.” But don’t just take our word for it. Here’s what one of them had to say… “Donate as much as you see financially feasible. Knowing that the money is being used to further the education of Sinfonians, both in school and at events, should help to make any investment very valuable.” – Kevin Donovan

“Do what you can. Any amount can add up and go a long way and whatever gift you’re able to give will be greatly appreciated. I would also ask [donors] to reflect back to when they were in college and their financial state and let them know that [now] it is even more challenging for current students.” TIMOTHY KING SEF 2011 ANNUAL REPORT • 6


2 0 1 0 - 2 0 1 1 • D O N O R • R E C O G N I T I O N THE BOARD OF THE SINFONIA EDUCATIONAL FOUNDATION AS WELL AS THE COLLEGIATE BROTHERS THAT OUR WORK SERVES WOULD LIKE TO THANK THE FOLLOWING BROTHERS AND INDIVIDUALS FOR THEIR GENEROUS SUPPORT TO THE MUSIC MAKER’S SOCIETY: ENCORE gifts of $2,500 and above Michael Cesario Jeffrey Highland Christian O’Donnell CONCERTO gifts of $1,000-$2,499 TMEA* James Alexander Michael Braz Derek Danilson John Doherty Mark Eutsler OVERTURE gifts of $500-$999 Kevin Giroux Kevin Goebbert Matt Kokes Joseph Pinson Calvin Van Niewaal James Winn PRELUDE gifts of $200-$499 Charles Benner Malcolm Benson George Beverley Michael Boucree Deron Boyles Russell Brown Patrick Clancy Lawrence Coonfare Stephen Courtright Richard Crosby William Farlee James Hinchliff Justin Jacobs Daniel Krueger

Richard Lapinski Andrew Lewis Dallas Lloyd Stephen Lott Karl Lugar Clifford Madsen Stephen McGrew Andrew Miller Edwin Miner John Mongiovi A. Michael Moreau Vernon Park Carl Rowles John Schmidt Karl Shatley Rolland Shaw Matthew Spencer Kenneth Tice T. Jervis Underwood Andrew Wells Andrew West John Whitney Clint Williams David Williams Charles Williams Roy Wylie Barry Zimmerman Xi Mu Chapter CENTENNIAL MEMBER gifts of $100-$199 William Alexander Charles Allred Kent Armbruster Donald Artimez Philip Autry Robert Bostick Gregory Braid Allen Breach Ralph Bryson

*This gift was made by the brothers gathered at the February 2011 Step Sing at TMEA in San Antonio, TX 7 • SEF 2011 ANNUAL REPORT

V. Wes Burns Kelly Bussell Richard Campbell L. Frank Caponiti Ryan Case Norman Chapman Thomas Clark Stephen Clarke Keith Cooper Robert Cope Billy Copley James Daughtry Charles Deahl Bernard Dobroski Carl Doubleday Arnold Downs William Edwards James Foley Enoch Frankhouser William Garrett Frederick Geissler

Larry Gerber Raymond Giles Jefferson Gillane Raymond Gniewek Barre Griffith Randall Gunter Richard Henderson Stephen Henry John Hernandez Howard Howard Sean Hoyer Howard Hudson John Israel Clyde James John Jennings Andrew Kammerle Erik Karre Timothy Kepner Matthew Koperniak Jonathan Krauss Will Lambert


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Robert Larsen Robert Lichty George Ligler Loyd Lott Mitchell Mabee Warren Madden Leland Marsh James Martin Thomas Mathiesen Thomas Maye John Mitchell Casey Monthey Charles Moore Henry Nelson Raymond Newhouse James Niblock Phillip O’Jibway Wiley Owen Lee Parks Wendell Parr Aram Piligian Nathaniel Pitts Robert Rast William Reinhardt Jesse Reyes Joe Ritchie Christopher Robinson Marion Robinson Richard Rosa Robin Rowand Terrence Ruth John Ryan Paul Salina Michael Sandler Jeff Schaefer Glenn Schmitt Richard Schwartz Norman Schweikert Ronald Shepard Timothy Simpson Edward Skidmore Joshua Smialek Brian Smith James Snyder Brendan Sparks Charles Spire Edward Symonds Edward Weaver Robert Webster Brian White

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Robert Whitmoyer Todd Wilander Craig Winters Robert Wisdom Richard Wood C. Thomas Work Gordon Zaft Tulsa Area Alumni Assoc Xi Eta Chapter Province 21 Delta Iota Chapter Omicron Pi Chapter SUPPORTING MEMBER gifts of $50-$99 Samuel Adler James Allen Henry Angle James Anno Clint Arndt P James Autenrith Joshua Barnett P Thomas Baryl John Beck Justin Belden P Clarence Bennett Carl Bjerregaard Laurens Blankers Matthew Blasinski Edwin Brailey Matthew Braun P Rex Brown Robert Cannon James Carthel Frank Cebuhar Andrew Cherolis Joseph Chopp Peter Couladis Jeffrey Cranmore Richard Crosby Rodney Currin Michael Danko Matthew Davis O. David Deitz Kent Dicus Quincy Dobbs John Dowda Kenneth Drake Mathieu Dube Matthew Duggan

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Warren Edmondson Peter Ekstrom Daniel Ellerbrook Cedric Elmer Floyd Farmer Connie Fisher Aaron Flatt Earl Fox Arthur Freeland David Friday Roy Fulmer Charles Gaines John Gardner Stephen Gilmore Joseph Goble Walter Green Tim Griffin Keith Hansen Anthony Harris Neil Harrison Terrill Hayes Keith Heckman Robert Herendeen Douglas Herman Jeffrey Hoffman Merle Hogg Gary Holt Michael Israel William Iveson George James Richard Keagy Robert Krueger Brian Larson Bruno Linder Albert Lowe Kenneth Lowenberg Benjamin Luttrull P Bruce Mack Douglas Macqueen Stanley Marlow Jack Martens Robert Martin Richard Martin Robert Mathews Darren Mauch Ronald Mayo John McFann Terry McRoberts Robert Meyer Robert Mitchell

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Loyal Mould Richard Munsell John Nelson Louis Persic Alexander Peters Edwin Potratz Michael Price Rafael Ramirez Lawrence Reed Robert Rettig Jerald Reynolds Walter Riley Robert Roberds James Rode Paul Rosenberger John Sandy Edward Schell Lee Schneider Steven Schopp David Selby Alan Siebert James Skidmore Daniel Snyder Richard Sovinec Mark Stamper Carl Steidel Joseph Stein P Steven Sterba Lawrence Stumpf Matthew Suzuki Gary Tiffany William Torres Richard Tremmel Sam Tundo Raymond Tyler William Van Denburg James vanWestrienen Eldon Vaselaar Claude Walton James Watkins Robert Whaley Brent Wheat George Wilkinson Bryan Wooddell Paul Wos Michael Yaffe Ralph Ziegenfuss Province 40 Province 32 Province 3 SEF 2011 ANNUAL REPORT • 8


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CONTRIBUTING MEMBER gifts up to $49 Gary Ahrens Richard Alleshouse Kenneth Anderson John Andes Nicholas Ankenbruck Jonathan Arnold Michael Arons Loren Asmus Daniel Atwood Edward Bahr Barry Barkan Matthew Barnes Daniel Barthel William Batchelor Travis Battiest Grant Beaman Ryan Beeler William Benswanger Ronald Berger Michael Biasi Charles Billingsley Hubert Bird Henry Birkinbine M.D. Blackwell, Jr. Robert Blanton Matthew Blue Hambarson Bogosian Robert Bottger

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Michael Boukidis P Tyler Breslin Melvin Bruntzel Eric Buffenbarger Bartlett Butler Robert Byrd Phillip Caddy Timothy Cahill Donald Carducci Harold Carle Donald Carter Richard Catlett David Cherry Taylo Cohen Jay Collier Nathan Collier Larry Collins Andrew Conant Scott Concilla Pablo Coppola Jonathan Crane Benjamin Creech Lawrence Crolla Joshua Danilson Glenn Danks Sean Delgrosso John Dersch Paul Doherty Nathaniel Dominy Todd Donovan

9 • SEF 2011 ANNUAL REPORT

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Mark Dvorak Emerson Ebert Leonard Entrabartolo Robert Essex Christopher Etheridge Jeremy Evans Richard Ewick Garald Farnham Stephen Fincher James Flood Dusty Foret P Alvin Fossner Jefferson Fraser Carter Frederick Franklin Friedman Befael Garcia Randolph Gattoni Jeffrey Geblein Rollin Geddes Ashley Glenn Edward Goldstein Alan Gonzalez P Robert Grant Gary Greene Alfred Gwillim Jerry Hale Bruce Hall Donovan Hamilton Gene Harbach William Hartwell

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Franklin Haspiel John Heath Marvin Heimbach Mark Helmstetter Gabriel Hernandez Adriel Hilton Robert Hinkle Michael Hobbs Keith Hoffman Daniel Holderby William Holman Remington Holt James Hopper Jeffrey Howell John Huber Edwin Hunter Laurence Hutzell Stanley Jacobs David Jakes Neil Jenkins Michael Jenkins William Jochumsen Dale Johnson Stephen Johnson Mike Johnson Michael Johnson Nicholas Jones John Paul Jones Amber Jones John Jones

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Donald Jordan Jay Kahn Ronald Kaplan Joel Kidwell Gerald Kinney Michael Knight Kyle Koehs Stanley Kreider Salvatore Lagattuta Donald Lambert Geary Larrick Keenan Larsen Mark Lichtenberg William Lomax Timothy Loyd Erik Maeder Budd Malchus Arthur Mautner Howard McAlpin Stephen McKean Gary McKnight Albert McNeil Manuel Medeiros Herbert Meininger Gary Merritts Christopher Migliore Scott Miller Max Mogensen Donnell Mohr Matthew Mothersbaugh Gregory Murphy

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J. Douglas Newlin Robert Nicholas Daniel Nickel Levon Noel Brian Odom Rickey Oeth Nicholas Oft James Oleson Michael Oppel Anthony Orecchio Alan Oresky Paul Parker John Parkyn John Patzlaff P Frank Pearson Travis Perusich John Phillips Lawrence Pierce Alfred Price Charles Price Charles Purnell Thomas Readyoff Erick Reid Daniel Reise Daniel Reynolds John Rice Timothy Rivera Dennis Roberts Lavan Robinson Warren Robson Samuel Rock

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Wayne Rockwell R.V. Pierre Rodgers Daniel Rose Charles Rose Eric Rosenberg Young Rylee Edwin Salter Jack Saltzman Jeremiah Sampson David Santiago Donald Sayre Robert Schmidt John Schoening Richard Schultz Stanley Schumacher Adam Serpa Lee Short Ian Shoulders Andrew Sibulsky Gene Slater Andrew Slingerland P Andrew Smiley William Speight Jerome Stanley Robert Stevens Norbert Stirzaker Robert Symington James Tanner Joshua Thaxton Terry Theis Robert Todd

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Gene Touchet Andrew Tremblay P Ronald Turbyfill Hubert Turner Glen Turner II Bhakti Ulery Walter Urben Frank Van Note Paul Van Sant Mark VanHook Joseph Vernon Michael Vicari Casey Viers Donald Volz James Vornberg Julian Wagemaker Jack Wagner Allan Wallace Gabriel Wartman Edward Washington Timothy Whaley Josiah Wheeler Robert Whitcomb William White Sean White Richard Williams Bradley Wilson Ivan Wittel Jerrold Zar Joseph Zawistowski William Zumbrun Lambda Phi Chapter Kappa Gamma Chapter Xi Gamma Chapter Rho Theta Chapter Eta-Omicron Chapter

PSignifies membership in the 1898 Society, collegiate members who make contributions of $25 or more.

SEF 2011 ANNUAL REPORT • 10


WE’VE GOT A BRIGHT FUTURE!

Thank you for the investment you have made in our programs and more importantly in the collegiate brothers, who through your generosity, have been directly impacted by our mission: to enrich lives and advance music in America. This is the beginning of a new chapter for the Sinfonia Educational Foundation, and as we continue to grow and add to our programs and efforts, we invite you to continue this journey with us. Fraternally yours, The Sinfonia Educational Foundation Board of Trustees

BOARD OF TRUSTEES Mr. Derek J. Danilson, President Beta Nu (Northern Iowa) ‘91 Royersford, Pennsylvania sefpresident@sinfonia.org Officer term ends Spring 2012; First Trustee term ends Spring 2013 Mr. Andrew F. West, Vice President Alpha Iota (Texas) ‘03 Austin, Texas sefvp@sinfonia.org Officer term ends Spring 2012; Second Trustee term ends Spring 2014 Mr. John E. Cereso, Esq., Treasurer Rho Chi (Fredonia) ‘91 Las Vegas, Nevada seftreasurer@sinfonia.org Officer Term ends Spring 2012; Second Trustee term ends Spring 2014 Dr. Kevin H. Goebbert, Secretary Kappa Sigma (Valparaiso) ‘01 Valparaiso, Indiana sefsecretary@sinfonia.org Officer Term ends Spring 2012; First Trustee term ends Spring 2012 Mr. Stephen Brothers-McGrew, Trustee Kappa Zeta (West Virginia Wesleyan College) ‘00 Buckhannon, West Virginia trustee-sb@sinfonia.org First Term ends Spring 2014 Dr. Richard A. Crosby, Trustee Eta-Omicron (Cincinnati) ‘75 Richmond, Kentucky trustee-rc@sinfonia.org First Term ends Spring 2012 Mr. John M. Doherty, Trustee Alpha Rho (North Carolina) ‘87 Raleigh, NC trustee-jd@sinfonia.org Second Term ends Spring 2014 Mr. Mark L. Eutsler, Trustee Gamma Omega (Indiana State) ‘77 Lindon, Indiana trustee-me@sinfonia.org Second Term ends Spring 2014

11 • SEF 2011 ANNUAL REPORT

Dr. Jeffrey Highland, Trustee Eta Nu (St. Mary’s Univ. of Minnesota) ‘80 Camano Island, Washington trustee-jh@sinfonia.org First Term ends Spring 2012 Mr. Matthew Kokes, Trustee Epsilon Rho (Northern Illinois) ‘01 Naperville, Illinois trustee-mk@sinfonia.org First term ends Spring 2012 Dr. A.Graydon McGrannahan III, Trustee Gamma Delta (Murray State University) ‘70 Reno, Nevada trustee-gm@sinfonia.org First Term ends Spring 2014 Mr. John Alan Mongiovi, Trustee Upsilon Psi (South Florida) ‘94 Evansville, Indiana trustee-jm@sinfonia.org Term ends Summer 2012 Mr. Christian O’Donnell, Trustee Gamma Theta (North Texas) ‘83 Ardmore, Oklahoma trustee-co@sinfonia.org First Term ends Spring 2012 Mr. Walter Riley, Trustee Zeta Iota (Howard) ‘98 Suitland, Maryland trustee-wr@sinfonia.org Term ends Summer 2012 Mr. K. Dean Shatley, Trustee Rho Tau (Appalachian State) ‘93 Asheville, NC trustee-ds@sinfonia.org Term ends Summer 2012 Mr. Calvin Van Niewaal, Trustee Beta Kappa (Coe College) ‘93 Cedar Rapids, IA trustee-cv@sinfonia.org First Term ends Spring 2014 Mr. Christopher A. Yancey, Trustee Alpha Iota (Texas) ‘04 Lubbock, Texas trustee-cy@sinfonia.org First Term ends Spring 2012

2011 Leadership Institute Grant Recipients MORE THAN $1,000 GRANTED: MIGUEL ASCENCIO, UNIVERSITY OF THE PACIFIC CAMERON SPEED-HENLEY, TEXAS TECH UNIVERSITY JOE SIPIORA, FLORIDA SOUTHERN COLLEGE MARKO BAJZER, UNIVERSITY OF CINCINNATI

2011 Scholarship Recipients: $5,000 SHANE THOMAS, JR. STETSON UNIVERSITY $2,500 BENJAMIN ALLAN BUCHANAN UNIVERSITY OF TULSA $1,000 CASEY SALINAS SAM HOUSTON STATE UNIVERSITY GAETANO R. IACCARINO AUGUSTANA COLLEGE $500 KAREL WASKA NORTHERN ILLINOIS UNIVERSITY JOSHUA SHOLLER MICHIGAN STATE UNIVERSITY MATTHEW J. LEFTIN UNIVERSITY OF DELEWARE


S I N F O N I A

E D U C A T I O N A L

F O U N D A T I O N

I F M U S I C I S T O F LO U R I S H I N A M E R I C A , W E M U S T P R E PA R E M E N OF ALL DISCIPLINES TO RECOGNIZE T H E I M P O RTA N C E A N D T H E P O W E R T H AT T H I S E V E R L A S T I N G A RT H A S O N S O C I E T Y.

A D V A N C I N G

M U S I C .

E N R I C H I N G

L I V E S .

20102011

A N N U A L• R E P O R T

10600 OLD STATE ROAD EVANSVILLE, IN, 47711


SEF Annual Report - 2010-2011