2016-2017 Stratford Hall Annual Report

TABLE OF CONTENTS

Annual Annual Report Report 2016-2017 2016-2017

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Message from the Board Chair School Governance Profiling our New Governors 2017-2018 Strategic Plan 2016-2021: Our Future in Focus Financial and Fundraising Model Financial Summary Gifts from Our Community

ANNUAL REPORT 2016-2017

Thank You!

To the Stratford Hall community for your commitment and trust to the School. Your generous support enables every single student access to the best educational and co-curricular resources. It allows the School to enhance the opportunities offered in order for all Stratford Hall students to strive for excellence and reach their fullest potential.

RECORD-BREAKING FUNDRAISING YEAR

$495,030 TOTAL AMOUNT RAISED

#SaveClarkPark

Capital Enhancement

$260,000

$90,000 EID

$38,580 30

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Annual Fund

$106,450

We aim to create and continue a legacy of philanthropy and we strongly encourage all Stratford Hall families, friends and alumni to participate. Any gift, small or big, can bear a significant effect on the school and every Stratford Hall student. Let’s start creating our personal impact today.

ANNUAL REPORT 2016-2017

Message from the Board Chair

It is my pleasure to present the 2016-2017 Annual Report. The Annual Report demonstrates how our school lives its mission and vision which is evident as you peruse the report. The 2016-2017 school year was an extraordinary year, full of changes and progress.

We said farewell to our second Head of School, Jason McBride.

Under Mr. McBride’s leadership, our 2017 graduating class achieved the highest ever IB results in the history of Stratford Hall and, our Annual Fund - that went towards Clark Park - yielded 63% participation from the school community. A school record for participation! A new school wide information system was implemented and now communication for students, parents and staff is more concise and easily accessible.

The Board of Governors was privileged to recruit our Interim Head of School, Dr. Susan R.

Groesbeck for the 2017-2018 school year. Dr. Groesbeck brings outstanding credentials and a wealth of leadership and educational experience to our school. The school will continue to be positioned for success under Dr. Groesbeck’s leadership and our students will not only prosper but flourish under the leadership of our permanent Head of School, Dean Croy who will join our community in August 2018.

Mr. Croy is a leader who brings an incisive intellect to education along with sincerity and a genuine curiosity to learn from others.

One of the Board’s key responsibilities is overseeing the financial integrity of the school and especially during times of transition, financial stability is essential. With oversight from the Head of School, Director of Finance and the Board Treasurer, along with the Audit and Finance Committee, we continue to demonstrate fiscal responsibility.

In this regard, I am pleased to announce that once again the school received a positive report from our Auditors.

This past year, the Board also continued to move forward with its transition plan. Cindy Leung, Co-Founder of Stratford Hall, retired in June 2017 from the Board of Governors after 17 years of dedication to the school. She not only co-founded the school but held significant positions on the Board – Chair, Vice-chair,

Treasurer, Governance Chair and Head of School Relations Committee Chair. We owe a depth of gratitude to Cindy that is difficult to convey in words but we are pleased that Cindy will continue to serve on the School Society. We also saw two other Board members retire after serving almost a decade – Chris Nicolls and Aiyaz Alibhai. We welcomed four new Governors – Lesley Shannon, Susan Christie, Claudia Ruitenberg and Christian Martin.

On behalf of the Board of Governors, I would like to extend my sincere appreciation to our Head of School, his Senior Leadership Team and to all faculty and staff for their hard work and dedication in 2016-2017.

We have accomplished a great deal this past year and the entire school community has much to be proud of. Finally, I would like to extend my personal thanks to my colleagues on the Stratford Hall Board of Governors. The Board is comprised of a dedicated group of individuals with diverse backgrounds who volunteer endless hours of their time in support of our children.

Beverly Ginder Board Chair

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ANNUAL REPORT 2016-2017

School Governance Board of Governors

Foundation Board of Trustee

The Stratford Hall Board of Governors is voted on or appointed by the Stratford Hall (School) Society. The Board is responsible for overseeing the strategy of the school: setting priorities, approving annual budgets, and appointing the Head of School. The Head of School is responsible for ensuring that the school runs in a manner that supports Stratford Hall’s mission and vision. The Board meets approximately five times per year (more frequently if required) and includes a subste of three committees: Finance & Audit, Governance, and Head of School Relations.

A second organization, also under the Society’s Act of BC, is the Stratford Hall Foundation. The Foundation holds major capital assets and conducts capital fundraising.

Governors 2016 - 2017

Trustee 2016 - 2017

Beverly Ginder, Chair

Harry Lee, Chair

Susan Christie, Vice Chair

Ming Jang

Harry Lee, Secretary

Fayaz Manji

Shamsh Kassam, Treasurer

Karim Kassam

Aliyaz Alibhai

Harold Leishman

Salman Bhura

Alain Quennec

Elaine Lee

Beverly Ginder, Ex-officio

Cindy Leung Claudia Ruitenberg Lesley Shannon Jason McBride, Ex-officio

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ANNUAL REPORT 2016-2017

Profiling Our New Governors 2017 - 2018 A big Thank You to our retiring Governors Christian Martin

In his more than 30 years in the financial industry, Christian focused early on leadership opportunities and, in the past 8 years, integrated the coaching methodology in his own management roles. Recently formally retired from the financial industry, Christian now focuses his coaching practice on personal and family leadership. Christian’s past career specialties: Investment Banking, Mergers and Acquisition, Investment management and Wealth planning, including generational planning, financial planning.

Matthew Taylor

Aliyaz Alibhai since 2002 Governor

Cindy Leung since 2000 Co-founder and Governor

Matthew Taylor is a Senior Legal Counsel with the British Columbia Ministry of Attorney General. Matthew grew up in Montreal and received a B.A.(Hons.) from Queen’s University, an M.Phil. in political philosophy from Cambridge University, a law degree from McGill Law School and an LL.M. from Harvard University. Prior to working in government, Matthew was a law clerk at the Supreme Court of Canada and a policy advisor at the Privy Council in Ottawa, and also worked as a lawyer in private practice and as inhouse counsel at a real estate development company.

Matthew is married with two daughters currently attending Stratford Hall (Grades 7 and 9). He is an avid squash and tennis player, loves to ski and travel and is the family chef.

Chris Nicolls since 2007 Co-founder and Governor

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ANNUAL REPORT 2016-2017

Strategic Plan 2016 - 2021: Our Future in Focus Mission Stratford Hall educates students to the highest global standards through the programmes of the International Baccalaureate. Excellence and confidence are developed through a challenging academic curriculum with further emphasis on creativity, action and service. We foster a strong pluralistic community built on integrity and respect.

Vision Stratford Hall strives to be a global leader in the International Baccalaureate community. Our students will gain a deep understanding of the world around them, and they will act on their connections to the outside community. They will excel to the best of their abilities, and graduates will be equipped to achieve their chosen goals. This is accomplished by acquiring and retaining the best teachers, and by a commitment to a balanced and enriched curriculum.

The success of Stratford Hall is deeply rooted in the establishment of a supportive, knowledgeable and committed community.

Pillar 1: Progressive and Outstanding Skills, Knowledge and Character for All Provide outstanding IB Programmes that are rooted in a principled mission, aspirational vision and high quality standards that challenge and support every student in preparation for success in all aspects of their development.

Facilitate international mindedness, high character and an orientation towards action in an urban context so that our community has an appreciation of, and takes responsibility for, our various roles in the wider community.

Further develop opportunities for personal expression, creativity and innovation by

strengthening creativity in all of its forms for students Kindergarten to Grade 12.

Recruit, train and retain highly-qualified teaching faculty and staff who are supported and challenged in their professional growth so they can inspire and support students.

Strengthen co-curricular, club, athletic and arts-based opportunities for participation and competition to provide as many students as possible with an opportunity to explore, compete in and pursue their passions and interests.

Pillar 2: A United and Engaged Community Strengthen our student cohorts by recruiting and retaining students who are mission appropriate and committed to pursuing their potential.

Further engage our parent community in support of learning and development to promote and nurture the positive culture that exists at Stratford Hall.

Cultivate a strong post-graduate Stratford Hall community who embody the Graduate Profile.

Strengthen Governance to ensure long-term school success.

Pillar 3: Strong, Sustainable Facilities and Foundations Ensure that facilities and infrastructure support student learning, health and safety through continuous improvement.

Ensure financial stability that supports our mission, vision and strategic priorities to deliver a continuously developing, outstanding program that sustainably operates within our means. Establishing an alumni office to stay connected to our graduates.

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ANNUAL REPORT 2016-2017

Financial and Fundraising Model Not-for-Profit Stratford Hall, under the name Stratford Hall (School) Society, operates under the Societies Act and is a registered Canadian charity.

Tuition Tuition (%) and government grants (%) cover the day-to-day expenses and operation related to the delivery of a Stratford Hall education. Tuition does not cover maintenance and campus improvements, classroom equipment and supplies, funding for extracurricular activities and state-of-the-art technology.

Stratford Hall Foundation The Stratford Hall Foundation is a separate registered Canadian charity that manages all capital assets and administers fundraising in support of new facilities.

The Annual Fund Annual contributions to the school bridge the gap between tuition income and the cost of providing each child with an extraordinary learning experience.

Education Investment Deposit (EID) Gifts All Stratford Hall families are required to place an Educational Investment Deposit (EID) with the school. Families are encouraged to donate all, or a portion of, their deposit to the school in advance of their last child’s departure. Families who donate their entire EID will be granted membership into the Stratford Hall Leaders’ Circle.

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ANNUAL REPORT 2016-2017

Financial Summary Revenue / Sources 10,000,000

9,487,229

8,000,000

$

Tuition

10,000,0006,000,000 8,000,000

4.2%

6,000,000

Fundraising

4,000,000

4,000,0002,000,000

$

10,160 Student Learning Grant

2,000,000

TUITION

TUITION GRANTS GOVERNMENTGOVERNMENT GRANTS FUNDRAISING FUNDRAISING SCHOOL PROGRAMS (FEES, RENTALS, CAMPS)

SCHOOL PROGRAMS (FEES, RENTALS, CAMPS)

INTEREST AND OTHER REVENUES

59.5%

INTEREST AND OTHER REVENUES

Salaries and Benefits

Expenses / Uses

3.2% 0.4%

8.0% 8.7%

8.0%0.4% 3.2%

$

8.7%

20.3%20.3%

329,771 Excess of Revenue over Expenses

59.5%

59.5%

$

46,938 Tuition Assistance

SALARIES AND BENEFITS SALARIES AND BENEFITS RENT/FACILITIES, REPAIRS, MAINTENANCE REPAIRS, MAINTENANCE PROGRAMRENT/FACILITIES, COSTS PROGRAM COSTS ADMINISTRATION AMORTIZATION OF CAPITAL ASSETS ADMINISTRATION TUITION ASSISTANCE AMORTIZATION OF CAPITAL ASSETS

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ANNUAL REPORT 2016-2017 ENRICH

Stratford Hall (School) Society Stratford Hall Foundation Combined Balance Sheet for the Year Ended June 30, 2017 2017 $

2016 $

Assets – Current Cash Short-term investments

799,917

1,023,936

4,669,000

3,324,000

Receivables

74,862

126,829

GST rebates

136,479

118,304

221,475

237,162

5,901,733

4,830,231

28,959,619

29,830,389

34,861,352

34,660,620

Payables and accurals

1,131,646

934,714

Deferred revenue

3,007,243

3,031,984

Educational investment deposits

7,493,500

7,051,593

480,905

459,449

Prepaid expenses and financing Tangible capital assets Liabilities – Current

Current portion of long-term debt

71,810

108,485

12,185,104

11,586,225

14,253,303

14,734,207

29,755

101,566

454,595

902,879

26,922,757

27,324,877

Unrestricted

6,605,161

6,256,320

Restricted

1,333,434

1,079,423

7,938,595

7,335,743

34,861,352

34,660,620

Current portion of capital lease obligations Long-term debt Capital lease obligations Interest rate swaps Fund Balances

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ANNUAL REPORT 2016-2017

Gifts from Our Community We would like to extend our heartfelt thanks to all our donors whose generosity and continuous commitment to the Annual Fund 2016 - 2017 demonstrate their trust and support of Stratford Hall.

Visionaries’ Circle $10,000 +

David Bursey Dhar and Harv Dhanda Ginder-Sangha Family Stathis and Vivian Tsogas Edward and Eugenie Yeung

Founders’ Circle $5,000 - $9,999

David and Valerie Christie Philip and Tina Heywood Pak Kei Ho and Chieh Tung Ming Jang and Marie Louie Jang Karim and Rehana Kassam Alain and Linda Quennec Nathan Slee and Merel Veldhuis Zhicheng Xu and Jie Lin Anthony and Winnie Yen

Head’s Circle $2,500 - $4,999

Alan and Gloria Au Doyle Bauman and Alyssa Schottland-Bauman Susan Christie

David and Katharina Coleman Simon Cookson and Chihiro Tajima Roger Cross and Josephine Jacob Anh Tuan Do and My Linh Tran Glenn Friesen and Yanlin Liao Shamsh and Karima Kassam Julian and Cynthia Lee Fayaz and Salima Manji Jackie Reid TELUS Cares Jagdeep and Bandna Ubhi Shawn Winstanley and Karen Lai Winstanley Jeff Wong and Oringa Yip Kenny Young and Mee Fon Thien

Sabres’ Circle $1,000 - $2,499

Anonymous (x2) Franco Addante and Neda Sabbaghian Jameel and Sharifa Ahamed Willud Ali and Sarah-Jane Anand Aiyaz and Rubina Alibhai Alissa Antle Rajveer Atwal and Meena HansAtwal Timothy Au and Kelly Tsai Salman and Rosena Bhura Hardeep Birdi and Komal Madan Dan and Diane Blue Daniel and Rosa Bosa

Michael Breger and Armansa Glodjo Stefan Buitelaar and Joely Collins David and Carolyn Cameron Ian Cavén and Judy Rochette William Chan and Emaly Tsai Ron Cheung and Daisy Ng Geoffrey Chong and Waylin Cheng Anthony Chu and Anita Hui Christopher Chum and Glenda Hendson Mandeep Dhaliwal and Koml Kandola Karim and Ashifa Dhanji Greg and Karen Dosen Raymond Fong and Winnie LaiFong Christopher and Julie Frketich Vadim Gorzhiy and Svetlana Velikoredchanina Rajbir and Mini Grewal David and Jennifer Gunasekera Tony Haughian and Lou Guerrero Yoshiaki Hiraoka and Nenah Ida Cedric and Felice Ho Crispin Horng and Yujie Chen Dave Howard and Shalini Verghese Farhan and Shahin Jamal Byron and Josephine Jung Tony and Rebecca Keung Norman Kwan and Angela Siu Mike and Wendy Kyer Jason Lau and Shae Hui

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ANNUAL REPORT 2016-2017

Harry and Elaine Lee Whitman Lee and Maggie Tam Jeremy and Cindy Leung Gang Lu and Weihua Wang Tze Him and Kin Eron Lui Derek and Nadine May Nevada Mohammed and Calle Johnson Mohammed Qing Qiu Muyu Omicron Steven Pii and Sandra Lee Salim and Shazhan Popatia Rikki and Arthi Puri Rick Ramsay and Elisabeth Finney Kirk and Michelle Romero Ruth Chuang Personal Real Estate Dave Sangha and Beverly Ginder Baldev and Navjot Sanghera Ron Schmitz and Hazel Lew Kul and Jas ShahiMark Shieh and Shannon Harvey Istvan Sinka and Katalin Ildiko Torok Don and Shawna Soo Alan and May Soon Tom Syer and Tamara Little Victor Tam and Helen Hodgson Tam Scott Trebilcock and Anna Lim Vance Tsai and Caitlin Springate

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Amit Venugopal and Liliana Posada Rishi and Kavita Verma Alan Walker and Patty Carmichael Timothy Walker and Baljinder Girn Liguo Wang and Yajuan Qui Chris Webber and Darlene Prosser Richard and Kathryn Webster Raymond Weind and Lauren Lowe James Wilkie and Kelly Tremblay Douglas Wong and Tracy Kwan Simon Wong and Wendy Louie Brian Yang and Angelique Schnerch Rui Yang and Haixia Lu Yujun Zhu and Hai Yan Wu Friends’ Circle $500 - $999 Anonymous Ayodeji and Gbemisola Adegboye Oliver Aldridge and Rita Biermann Scott Bell and Natasha Broemling Guido Biemold and Cindy Yu Mark Brady and Naina Sloan Canada Scaffold Supply Company Charlie Chan and Flora To Keith Chan and Pearline Er Peter and De-Ann Chan Stephen and Elaine Chan David and Carol Chiang

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Larry Chin and Patricia Chong Jimmy and Melinda Der Patrick Fung Sukhjeevan and Amandeep Gill Jeff Gravistin and Nancy Mitenko Ming-Jen and Winnie Hsu Sam and Farah Jamal Dr. Shahin Jessa Inc. Sewa and Hardip Kang Tamiz and Jamila Kanji Raheem and Farzana Kherani Ryan Knighton and Tracy Rawa Tim and Janice Kwok Harold and Maegen Leishman Wing Cheung Leung and Emi Hashimoto Feng Liu and Jia Fei Edmund Low and Liezel Lorico John and Lee Marinelli Mark Mehrer and Ye Chu Brian and Yvonne Nann Steve and Katherine Naylor Jagdeep and Jaskanwal Phandal Alex Phung and Rachel ChoiPhung Return It - Instant Recyling Perks Inc. Jessica Rudd Perry Saran and Rupi Kaila Rob and Bimmie Senghera Greg Stanford and Ghita Ohm

ANNUAL REPORT 2016-2017

Tricia Grzybowski * Kelsey Hayre Laura Moriarty Sylvana Herrera Stefania Iacchelli Tatjana Jansen Gareth Jones Rouzanna Karapetian Dave Knight Akriti Kochher Paulina Lam Olivia Law Amanda Lempriere Dan Lin Gillian Louie Spencer Mackoff Jason McBride * Michael McGuire * Kirsten Morozov * Jessica Naka Bobby Nishi Dion Norman * Kyle Nystad Nicole Ottahal * Sarah Phillips Anja Radakovic Dragana Radmanovic Sarah Riddell Dave Ritchie Andrea Ryan

Sarah Sakaki Sukhwinder Sandhu Caitlin Shepard Peter Skipper Sylvia Star Carmen Stephen-Patel Vanessa Tam Casey Turnpenny Michael Twaites Cristina Uroni Patricia Vanstone Aliya Virani Naomi White Brett Williams Bev Willms Best Jennifer Yeung *Staff who are parents 2016 - 2017

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ANNUAL REPORT 2016-2017

Gifts from Education Investment Deposits (EID) To date, more than 50 Stratford Hall families have donated their EIDs, helping to reduce the school’s $21 million debt load. Donating your EID not only supports the school’s financial position, but also generates a tax benefit. This benefit, if invested well over the 13 years your child attends the school, can earn enough funds to mitigate much of your gift. For details on EID donations, please feel free to contact Isabel SankaranWee, Director of Community Development.

Alan and Gloria Au *

Robert and Katherine Hooley

Richard Wong and Chika Usami

Anthony and Jennifer Cheung *

Xing Huang and Shenghui Zhao

David and Elaine Young

Pak Kei (Anthony) Ho and Chieh (Jennifer) Tung

Peter and Maureen Skov Susan Weinrich

* Family donated EID in full

Gala’s Fund-A-Need in support of the IDEA Lab Ewart Aitken and Lindsay Killam

Crispin Horng and Yujie Chen

Rikki and Arthi Puri

Willud Ali and Sarah-Jane Anand

Farhan and Shahin Jamal

Satpal Rai

Craig and Eva Atkinson

Sewa Singh Kang and Hardip Kang

Todd Raine and Sarah Jane Swartz

Rajveer Atwal and Meena Hans-Atwal

Karim and Rehana Kassam

Frederick Ramsay and Elisabeth Finney

Greta Bartsch

Raheem and Farzana Kherani

Tristan and Clair Rockel

Scott Bell and Natasha Broemling

Edward Klarich and Cheryl Nakamoto

Craig and Charlene Rodrigues

Salman and Rosena Bhura

Alexander Lau and Anna Kaye

Ian Ross and Tami Crawley

Dan and Diane Blue

Jason Lau and Shae Hui Lau

Claudia Ruitenberg

Daniel and Rosa Bosa

Harold and Maegen Leishman

Andrea Ryan

Mark Brady and Naina Sloan

Lawrence and Lisa Liu

Hardev Sangha and Beverly Ginder

Stefan Buitelaar and Joely Collins

Gillian Louie

Kalwinder and Roop-Preet Saran

Wesley Carson and Barbara Womersley

Jeffrey Magnusson and Helene DeMonye

Antonio and Angela Scardillo

Keith Chan and Emily Lew

Derek and Nadine May

Thomas and Clare Steiner

Lawrence Chan and Jenny Tong

Jason McBride and Samantha Gayfer

Matthew Taylor and Amy Francis

David and Katharina Coleman

James and Esther McGregor

Tooth King Dental Studio

Parmjit and Kulwinder Dhillon

Nevada Mohammed and Calle Johnson

Kavita Verma

Avtar and Gurpinder Dhinsa Antoine Do and Liz Tran Ashef Gillani and Shelina Harji Rajbir and Mini Grewal David and Jennifer Gunasekera Cedric and Felice Ho Matthew and Alexandra Haussmann 42

Stephen and Katherine Naylor Dion Norman Nicole Ottahal Meg Penafiel Jagdeep Singh Phandal and Jaskanwal Phandal Glen Powell and Dawne Bringeland

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Rob and Bimmie Senghara

Rishi Verma James Wang and Karen Chan David and Susan Wells Jeff Wong and Oringa Yip Brian Yang and Angelique Schnerch

Stratford Hall School 3000 Commercial Drive, Vancouver, BC V5N 4E2 www.stratfordhall.ca

Our Mission Stratford Hall educates students to the highest global standards through the programmes of the International Baccalaureate. Excellence and confidence are developed through a challenging academic curriculum with further emphasis on creativity, action and service. We foster a strong pluralistic community built on integrity and respect.

Our Vision Stratford Hall strives to be a global leader in the International Baccalaureate community. Our students will gain a deep understanding of the world around them, and they will act on their connections to the outside community. They will excel to the best of their abilities, and graduates will be equipped to achieve their chosen goals. This is accomplished by acquiring and retaining the best teachers, and by a commitment to a balanced and enriched curriculum. The success of Stratford Hall is deeply rooted in the establishment of a supportive, knowledgeable and committed community.