A N N UAL R E P O RT
the
Graduate Program in Sustainable Landscape Planning + Design
ConwaySchool
F i s cal year 2012
STATEMENT OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2012 (from audited financial statements accepted by the Board of Trustees on 11/2/2012 with comparative figures for 2011)
FY 2012 FY 2011 UNRESTRICTED PUBLIC SUPPORT and REVENUE
Contributions
Summary of Operations
In-kind contributions Tuition and fees Project reimbursement
We would like to thank all who continue to keep the Conway School financially sustainable through their generous contributions. For five years in a row the Conway
Investment income Miscellaneous income Total Unrestricted Support and Revenue Net Assets Released from Restrictions
averaging $48,000 per year. Those
Total Unrestricted Support and Revenue and Net Assets Released from Restrictions
cal year 2012, which had just twelve students enrolled for the first day of school (four accepted students withdrew—two for health reasons—
83,249 69,848 4,040 6,740 380,000 551,350 73,715 89,850
Workshop fees (net)
School had increases in net assets reserves were put to good use in fis-
- 2,755 10,521 22,032 1,302 813 552,827 743,388 8,711 23,147 561,538 766,535
EXPENSES School activities
422,846 454,317
Administration
172,641 184,475
shortly before the school year
Fund-raising
began). The fiscal year ended with
TOTAL EXPENSES
an overall decrease in net assets of
Increase/(Decrease) in Unrestricted Net Assets (97,816)
$97,880. The reduction in anticipated tuition revenue was partially offset by a $57,497 reduction in operating expenses over FY 2011, primarily related to variable costs. Bright spots from the FY 2012 finances included a nearly ten percent increase in unrestricted annual
63,867 78,059 659,354 716,851 49,684
TEMPORARILY RESTRICTED NET ASSETS Contributions
7,300 20,000
Investment income/Interest earned— scholarship/Loan fund Net assets released from restrictions Increase/(Decrease) in Temporarily Restricted Net Assets
— — (8,711) (23,147) (64) (3,147)
fund contributions from $69,848 in FY2011 to $76,751, and a decrease of only twelve percent in student project reimbursements. Investment income was less than FY 2011 largely due to lower returns on mutual funds and higher premiums paid for short-term investment-grade corporate bonds. The school continues to practice a con-
Net Assets at Beginning of Year
1,194,852 1,148,315
Net Assets at End of Year
1,096,972 1,194,852
Increase/(Decrease) in Net Assets
STATEMENT OF FINANCIAL POSITION AS OF JUNE 30, 2012 (from audited financial statements accepted by the Board of Trustees on 11/2/2012 with comparative figures for 2011)
FY 2012 FY 2011 ASSETS
servative investment strategy with a
Cash and cash equivalents
portfolio made up of money markets,
Accounts receivable
certificates of deposit, corporate
Prepaid expenses
bonds, and mutual funds (including socially screened).
(97,880) 46,537
166,003 233,010 33,672 43,663 5,068 6,321
Property and equipment, net
628,165 661,577
Investments
401,252 421,368
Other assets Total Assets
45,024 23,437 1,279,184 1,395,164
LIABILITIES and NET ASSETS Current liabilities Mortgage note payable, long term portion
47,089 59,956 135,123 140,356
Net assets
1,096,972 1,194,852
Total Liabilities and Net Assets
1,279,184 1,395,164
38 The Conway School Graduate Program in Sustainable Landscape Planning + Design
We are pleased to recognize donors who made gifts totaling $87,289 in support of the school by
Tim & Linda Umbach
way of gifts to the Annual Fund, David Bird International Service Fellowship, student projects, and
Mrs. M.E. Van Buren
need-based student grants. Your support is critical to our continued success, and your generosity
L
Error or omission? Please bring it to our attention by contacting:
novitt@csld.edu
Peter Van Buren ’82 & Susan Van Buren ’82
ensures that we can continue to prepare graduates to make import-
Elizabeth Vizza ’82
ant contributions to landscape planning and design, across scales
Donald L. Walker, Jr. ’79 & Ruth Parnall
and around the world. The 2012 Annual Report includes gifts made to the Conway School from July 1, 2011 to June 30, 2012. We make every attempt to ensure
George Watkins ’77 Eric Weber ’77 & Barbara Young Jenna Webster ‘09
its accuracy and ask you to bring any errors or omissions to our attention. Contact Priscilla Novitt,
Peg Weiss ’79 & Frederick Weiss
Development Coordinator, at (413) 369-4044 ext. 3 or novitt@csld.edu.
Judith & Robert Wilkinson Seth Wilkinson ’99 Judith Wilson ’03
DONORS TO THE 2011–2012 ANNUAL FUND
Mary G. Wilson ’81 Jan Wirth ’11
Susanna Adams ’78
Harry Dodson
Darrel G. Morrison
Michael Yoken ’10
Jennifer Allcock ’89
Abrah Dresdale ’10
Glenn Motzkin
Laurence W. Zuelke
Anonymous
Donna Eldridge ’86
James Mourkas
Anonymous
Marlene J. Eldridge
Melissa Mourkas ’94
Gifts-in-Kind
Anonymous
Jon & Barbara Elkow
Kristin Nelson ’05
Jack Ahern
George S. Anzuoni, in memory
Dorothy Ernst
David Nordstrom ’04
Mollie Babize ’84
Kim Erslev
Priscilla Novitt ’07
John S. Barclay
Charles Arnold ’01 & Lisa Arnold
Paul G. Esswein ’99
John O'Keefe
Lynn Barclay
Matthew Arnsberger ’98
D. H. Eunson Jr. ’93
Carla Oleska
Ken Byrne
Henry Art
David Evans ’76
Del Orloske ’05
Donna Eldridge ’86
Gary Bachman ’84
Elizabeth Farnsworth
Sheila Page ’96
Elizabeth Farnsworth
John S. Barclay
Lila Fendrick ’79
Tehmi & Nitin Patel
Peter Freisem ’98
Vance A. Barr ’90
Cynthia Fine ’09
Mary-Crain Penniman ’89
Greenfield Savings Bank
Hatha Gable Bartlett ’99
Patricia Finley ’90
Darlene & Mark Peters
Ian Hodgdon ’06
Shari Bashin-Sullivan ’84
June E. Fitzgerald
Martha D. Petersen ’94
Nicholas Lasoff ’05
Mark Bethel ’73
Mary Fowler ’98
Peter Phippen ’00
Genevieve Lawlor ’11
Rachel Bird Anderson
Carol Franklin
Christopher Pine
Ahron Lerman ’11
Charles Sumner Bird
Elizabeth Fribush ’81
Dorothea Piranian
Carrie Makover ’86
Clyde & Peggy Froehlich
Robert Pura
Sue Reed ’87
Michele LoGrande Bongiorno ’96
Michael Gibbons ’81
Sue Reed ’87
Joel Russell
Ken Botnick ’79
Nathaniel M. Goodhue ’91
Walter E. Reynolds
Dillon Sussman ’08
James Bouwkamp
Sharyl Green ’80
Alan D. Rice
Timothy Umbach
Nancy Braxton
Greenfield Savings Bank
Christopher I. Rice ’95
Sean Walsh ’11
Barbara Keene Briggs ’02
Asheley Griffith & Marcia Curtis
William Richter ’77 & Sally Richter
Elaine Williamson ’11
Joey Brode
William Halleck ’86
Laura Rissolo ’11 & Jason Rissolo
Tim Brooks ’87
James S. Hardigg
Melissa Robin ’92 & Michael Caplan
Restricted Gifts
Larissa Brown ’94
Nancy Hazard
Gary Robinson ’76 & Amy Whitney
Anonymous
Richard K. Brown & Anita
Paul & Joan Cawood Hellmund
Dolores Root
Charles Sumner Bird
Alex Hoffmeier ’09 & Sarah
Allen & Selina Rossiter
of Helen C. Anzuoni ’88
Charitable Foundation
Loose Brown David Buchanan ’00 Sue & Jim Callihan, in honor of Seana Cullinan ’12
Hoffmeier ’09 David Holden ’76
Selina Rossiter ’02 & Alexander Colhoun
Charitable Foundation Dorothea Piranian Mary Quigley & Mollie Babize ’84
Lily Jacobson ’10
Clarissa Rowe ’74
Ralph A. Caputo
Erik Johnson ’09
Joel Russell
Matching Gifts
Melissa K. Carll ’11
Angela Kearney ’03
Pamela & David Sand
IBM Matching Gifts
Donald Chamberlain ’79, in honor
Annice Kenan ’97 & Jesse Smith
Barbara Sargent ’79 &
of Art Collins ’79
Peter B. Klejna ’75
Tom Sargent ’79
Madeleine Charney ’03
Cynthia Knauf ’89
John Saveson ’92
The Legacy Circle recognizes alums
Joshua Clague ’04
Kathleen Knisely ’76 & David Knisely
Aaron Schlechter ’01
and friends who have made bequests
Arthur Collings ’95
Claudia Kopkowski ’88
Bruce Schlechter
or life income gifts to the Conway
Arthur Collins II ’79
Laurence Kornfield ’76
Charles M. Schnell ’01
School. Their commitment, generos-
Joan M. Collins
Liz Kushner ’08
Annette Schultz ’91
ity, and leadership ensure the future
Kathleen Connolly ’10 &
Edward Landau ’90
Barbara H. Scott
of the school for years to come. We
Barbara B. & Nicholas T. Lasoff ’05
Gordon Shaw ’89
thank them publicly and encourage
Kathleen Connor ’07
Lauren Lautner ’90
Angela Sisson ’04
other members of our community to
Jill Ker Conway
Daniel G. Leahy
Robert Small ’93
follow their lead.
Glenn Cooper ’78
Charles Leopold
Andrew & Nancy Smith
Anonymous
Jonathan Cooper ’09 &
Jay Levine ’01
Dorothy Smith
Jennifer Allcock ’89
Todd Lynch ’05 & Janet
Richard J. Snyder
Richard K. Brown
Susan Space ’91
Susan Crimmins ’97
Paul Connolly
Katherine Gehron ’09 Clemence Corriveau ’02
Bertucci Lynch
The Legacy Circle
David Cox ’76
Barbara Mackey ’88
Christopher Stevenson ’05
William Gundermann
Miyaca Dawn Coyote
Carrie Makover ’86
Lesya Struz ’01
Paul & Joan Cawood Hellmund
Phyllis Croce ’83
Ann Georgia McCaffray ’78
Tom Sullivan ’08
Carrie Makover ’86
Walter Cudnohufsky
Heather McCargo ’84
Virginia Sullivan ’86
Kerri Culhane ’10
Kathleen McCormick ’08
Robert E. Swain
Candace Currie ’97
Zach Mermel ’11
Cindy Tavernise ’99
Colleen Currie & Richard Rubin
Robert L. Merriam
Richard W. Thomas ’73
Ruth Cutler ’85
H. Rennyson Merritt ’80 & Janet Taft
Floyd A. Thompson ’74
D. Alex Damman ’95
Robert & Gladys Miner
Judith F. Thompson ’99
Katherine Dana ’07
Peter Monro ’86
Lydia Thomson ’80 &
Esther L. Danielson ’94
William Montgomery ’91 &
Anya Darrow ’99 Robert Dashevsky ’79
Melody Montgomery Andrea Morgante ’76
Robert Thomson Michael Thornton ’86 Karen Tiede ’87
//2013// con'text 39