Curry School Foundation Annual Report FY 2012

CURRY SCHOOL of EDUCATION 2 0 1 1 - 2 0 12 A N N UA L R E POR T CU R RY.V IR G I N I A .E D U/A N NUALREPO RT

FOUNDATION GIVING FY 2012

$3,394,385

TOTAL CASH RECEIVED

$526,018

UNRESTRICTED CASH RECEIVED FIND YOUR NAME ON OUR NON-SEARCHABLE ONLINE DONOR HONOR ROLLS CURRY.VIRGINIA.EDU/ANNUALREPORT

DEAR FRIENDS I am delighted to share with you the inspiring stories that fill this year’s Curry School Foundation Annual Report for fiscal year 2012. They are stories about you, our generous donors, and the work you have enabled Curry faculty and students to accomplish.

You will find promising narratives even in some of the numbers reported in this booklet. For example, giving to the unrestricted Annual Fund increased by more than 30% over giving in both 2011 and 2010. As you know, annual fund gifts provide critical core support for the Curry School and can be the most lasting and powerful gifts donors can make.

In addition, the number of total donors to the Curry Foundation increased by 13% in FY2012. You are part of a growing team of investors who loyally support Curry’s mission. Nearly 250 of our donors have given to Curry consecutively for 10 years or more.

Ninety-seven Curry School students received financial assistance from the Foundation through monetary awards, scholarships, and fellowships totaling $404,600. You are part of that story, too, whether through restricted gifts to endowed funds or through unrestricted gifts supporting the administration of these funds.

There is so much more to tell than we could fit here, but we kept it brief in an effort to be good stewards of your trust. You can go online to find your name in our donor rolls, as well as a full-length version of this report.

Thank you so much for your continued support!

Margaret Ann Bollmeier Executive Director, Curry School of Education Foundation

INVESTMENT SUMMARY, JUNE 30, 2012 HELD AT UNIVERSITY OF VIRGINIA FOUNDATION

Unrestricted (Curry School) $ 773,793 Unrestricted (Capital Campaign) $ 456,717 Operating Restricted $ 5,912,014 Endowment $3,690,846 Awards $365,608 Chairs $2,138 Fellowships $1,383,926 Lectureships $109,801

Program Support $450,000

Scholarships $ 1,379,376

Total Held at U.Va. Foundation

HELD AT RECTOR & VISITORS (R&V )

$10,833,369

Operating Restricted $ 1,224,435 Endowment $14,827,499 Unrestricted $2,582,316 Restricted $2,875,492 Awards $76,418 Chairs $6,891,725 Fellowships $872,240 Scholarships $1,529,308

Total Held at R&V $16,051,934

Grand Total

$26,885,303

Support for Kids with ADHD When most people think of ADHD, they focus on the words deficit and disorder, but not Mark and Cindy Galant.

PHOTO BY TO M C O G I L L

CURRY SCHOOL FOUNDATION

The Galants believe /// Mark and Cindy Galant that children who have attention deficit hyperactivity disorder possess great potential waiting to be unlocked with proper support.

Helping these children thrive will be the focus of a new line of Curry School research, catalyzed by seed funding from this ’Hoo couple who put their money where their heart is.

Last year, they discovered the school’s interest in promoting a positive approach to research, especially looking at the role of technology in supporting students with ADHD. To set the work in motion, the Galants pledged $340,000 to help with recruiting an up-and-coming ADHD scholar and supporting start-up efforts.

“As alumni, we find supporting the university by funding projects we care deeply about incredibly fulfilling,” Cindy says.

READ MORE about the Galants and Curry’s new ADHD research program at curry.virginia.edu/annualreport

Your Investment at Work

CURRY SCHOOL FOUNDATION

An unsettling truth struck Gail Lovette during her first year of teaching in an inner-city elementary school.

CURRENT ASSETS SUMMARY, JUNE 30, 2012

“Only two of my students were reading on grade level, and I was wholly unprepared to teach struggling readers.”

That difficult year was over a decade ago, and Lovette later became a middle school assistant principal in Falls Church. Now she’s a doctoral student in the Curry School’s reading education program with aspirations of someday returning to a school setting “tremendously more equipped to meet the needs of all students,” she says.

Becoming a full-time PhD student could have had a major economic impact on her family. Financial support from the Curry School Foundation, however, has allowed her to pursue her passion in reading education without putting undue financial stress on her family with student loans.

Lovette is receiving support this year from the George Graham Scholarship and in past years has received the Jean R. Butcher Endowed Fellowship and the Barbara Labrecque Corbin Scholarship.

“I am truly grateful to receive this support,” she says. “I believe the generosity of the donors who have contributed to these funds will continue to have a lasting impact on the education of all children.”

READ MORE about Gail Lovette at curry.virginia.edu/annualreport

Categories

Totals %

Chairs (Endowed)

$6,893,863

26%

Operating Restricted

$7,136,449

27%

Scholarships & Awards (Endowed)

$3,350,707 12%

Unrestricted Endowed (Curry School)

$2,582,316

Graduate Student Aid (Endowed)

$2,256,166 8%

Restricted (Endowed)

$2,875,492

11%

Unrestricted (Curry Support)

$773,793

3%

Program Support (Endowed)

$450,000

2%

Unrestricted (Capital Campaign)

$456,716

2%

Lectureships (Endowed)

$109,801

<1%

Grand Total

$26,885,303

10%

CURRY SCHOOL FOUNDATION CONDENSED STATEMENT OF FINANCIAL POSITION JUNE 30, 2012

Assets

Unrestricted

Temporarily Restricted

$4,594,736

$6,186,255

Permanently Restricted

Liabilities $63,962 $138,187 Net Assets

$4,530,774

Three Decades of Loyal Giving Mary and Henry I. Willett Jr. (M.Ed. ’55, Ed.D. ’67 Admin & Supv) are avid U.Va. sports fans.

They buy season football tickets every year and drive over from Richmond occasionally for tennis matches. Both of them played tennis competitively when they lived in Virginia Beach, and they still love to watch a good round.

The Willetts are also loyal fans of the Curry School.

They began giving to the Curry Foundation in 1982, at the end of Henry’s 14 years as president of Longwood College.

The gifts were small at first, because they had commitments to Longwood. They knew from their experience, though, the importance of alumni participation in giving to the Curry School Foundation Annual Fund.

$6,048,068

$3,766,724

Total $14,547,715

$0 $202,149 $3,766,724

$14,345,566

“The best money is unrestricted,” Henry says. “The dean and the people at Curry are in a better position to decide where to spend the money than I am.”

The Willetts continued giving faithfully for the next 30 years, increasing their donation amounts gradually over time. They even supported Curry during Henry’s 17 years on the faculty of George Washington University.

For many years now they have given regularly to Curry at the Dean’s Circle of Friends level.

“I don’t think I would have been president of Longwood but for the background and training I got at Curry,” said Henry.

“I don’t think there’s any question about that. I owe so much to my preparation in my graduate programs.”

/// Mary and Henry Willett

READ MORE about the Willetts and Henry’s history in Virginia education at curry.virginia.edu/annualreport

CAMPAIGN FOR THE CURRY SCHOOL

$55,000,000

ORIGINAL CURRY SCHOOL CAMPAIGN GOAL

$62,735,068

GIFTS, PLEDGES, & DEFERRED GIFTS BOOKED AS OF JUNE 30, 2012

114%

OF CAMPAIGN GOAL ACHIEVED

BY CURRY

Early Childhood Research: Minds in Motion Using afterschool arts and crafts activities to develop the fine motor skills of economically disadvantaged young children may be a key to narrowing the mathematics achievement gap.

At least, initial research by the Curry School’s Center for Advanced Study of Teaching and Learning is pointing strongly in that direction.

The researchers developed a curriculum, called Minds in Motion. Simple sounding but effective, teachers show children a pattern or design and challenge them to recreate it using fun materials, like modeling dough, Legos, stencils, pattern blocks, fusible beads, and vinyl shapes.

The researchers piloted this curriculum in a randomized control trial in a voluntary afterschool program called WINGS for Kids, which is attended by low-income kindergarten and first graders in Charleston, South Carolina.

Their results indicate that these hands-on activities can build foundational cognitive skills that may actually increase children’s rate of progress in academic achievement.

The original research was funded by federal grants, but the Curry team believed that working with the children for a second year would confirm the program’s effectiveness and give them an opportunity to try some new features.

That’s when Sullivan’s Island couple Stephen (Engr ‘71) and Suzan Zoukis stepped in with a gift of $178,500 to fund additional research.

Suzan serves on the WINGS for Kids board of directors, and the couple had made a $1 million donation last year to help the program expand to other cities.

Stephen, a successful real estate investor, had already been talking with U.Va. development officers about a gift to support education. The confluence of the couple’s interests made the decision to support this project a no-brainer.

“This may sound trite,” Suzan says, “but children really are the future of the world.

The least we owe them is a chance to get a good education.”

READ MORE about this research and the Zoukises’ generosity at curry.virginia.edu/ annualreport

Curry Funding Priorities 2012-2013 Faculty Support

Private support to increase the amounts of our faculty compensation packages so we can recruit and retain the best faculty in the country.

Strategic Investment Fund

Gifts to provide seed funding and bridge funding for research and program needs at the Curry School.

Early Childhood Education

Funding to expand our top-ranked K-12 teacher education program by establishing an early childhood teacher education program in both on-Grounds and online formats.

Innovation Incubator

Support for an Educational Innovations Incubator, which will bring education innovations to market as a direct response to the demands for a supply chain of solutions.

MAKE YOUR TAXDEDUCTIBLE GIFT TO THE CURRY SCHOOL: ONLINE

campaign.virginia.edu/supportcurry

MAIL

Curry School of Education Foundation 417 Emmet Street South P.O. Box 400276 Charlottesville, VA 22904-4296

PHONE:

Call 434-924-0854 to speak with Foundation Staff

Building Better Teachers

Funding to create a new national model for teacher preparation.

Student Support

Philanthropic gifts to provide enhanced financial aid packages, especially for students from underrepresented populations.

Capital Improvements

Funding for improvements throughout Bavaro Hall that will increase its functionality and a sense of community among Curry students. In addition, updated technology and furniture will be needed in Ruffner Hall once state-funded renovation is completed.

CONTACT THE CURRY FOUNDATION to learn how you can invest in any of these new ventures.

Curry School of Education Foundation 405 Emmet Street South P.O. Box 400268 Charlottsville, VA 22904-4260