Ashley Hall 2011 Annual Report

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Ashley Hall

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A n n u a l

R e p o r t

D

ear Friends,

Revenues

Ashley Hall’s milestone Centennial was a year like no other. We opened our new, LEED Certified Rivers Library and Hoshall Science Center and broke ground on a new dining commons to facilitate family style dining and increase our focus on wellness. We announced to the public our most ambitious campaign yet, the $12 million endowment campaign, Create our Future, and hosted more than 750 guests for an evening gala to mark the opening of the school 100 years ago. We opened our archives and developed an interactive exhibit at the Charleston Visitors Center, debuted the long awaited Centennial documentary to a standing room Karen Jenkins Phillips ’79 only crowd, and the list could go on and on. Never have I seen the campus more alive with that special sisterhood that is Ashley Hall. Through all these events, the School continued to focus on being good fiscal stewards while requesting annual gifts from each constituency to impressive success. The Loyalty Fund, Ashley Hall’s unrestricted giving program, exceeded national participatory statistics and saw an increase in unrestricted giving of almost 14% when nationally giving to independent schools was reported to be down by 5%. As the nation and the Lowcountry continued to experience a turbulent economy, the Board of Trustees worked hard to ensure that every dollar that came in to the School, and every dollar that went out, was accounted for and beneficial to our number one priority, the students. It is inspiring to watch the mission of the school, as applicable today as it was in 1909, transform our students into independent, ethically responsible individuals who are prepared to meet the challenges of society with confidence. Your gifts to the school have made a tremendous impact on our girls! This annual report is a testament to the generosity of our community and we thank everyone who made Ashley Hall a philanthropic priority in 2009-2010. Sincerely,

Gross Tuition 82%

Investment and Other Income 4% Auxiliary Services 4% Contributions 10%

Expenses

Program Services 70%

Scholarships and Grants 7% Program Expenses 1%

Charitable Giving Revenues

Loyalty Fund Unrestricted $603,743 44% Loyalty Fund Restricted $163,642 12%

Unrestricted Endowment $595,875 44%

Karen Jenkins Phillips ‘79 President of the Board of Trustees, 2009-2010 Ashley

Hall

Annual

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Support Services 22%


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