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The Bill & Melinda Gates Foundation $5 million Challenge Match for Endowed Scholarships

The Bill & Melinda Gates Foundation $5 million Challenge Match for Endowed Scholarships. PARENT CAMPAIGN KICK-OFF 20 October, 2010 Feast of Mater Admirabilis. ANNUAL FUND 2010. Typically at this time of the year, the Annual Fund drive commences However, this year… . CONCEPT:.

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The Bill & Melinda Gates Foundation $5 million Challenge Match for Endowed Scholarships

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  1. The Bill & Melinda Gates Foundation$5 million Challenge Match for Endowed Scholarships PARENT CAMPAIGN KICK-OFF 20 October, 2010 Feast of Mater Admirabilis

  2. ANNUAL FUND 2010 • Typically at this time of the year, the Annual Fund drive commences • However, this year…

  3. CONCEPT: • To convert the Annual Fund’s resources - time, human and financial • Switch efforts- Utilize the proceeds from the Annual Fund for scholarships and the Auction and Fund-a-need for operations

  4. Chart

  5. What is The Bill & Melinda Gates Foundation Match? • The Bill & Melinda Gates Foundation awarded Forest Ridge an unprecedented gift of $5 million for endowed scholarship, with an additional challenge match of $5 million if Forest Ridge raises another $5 million by December 31, 2010. • This would bring the total to $15 million in additionalscholarship endowment funds. • The current value of our scholarship endowment is $9.6 M (including the initial $5M Gates Foundation Gift) • This will afford us 24 additional full scholarships

  6. What will this challenge do or provide for Forest Ridge? • Allow us to achieve our dreams as outlined by the Forest Ridge School of the Sacred Heart’s Strategic Plan: Road Map 2008 -2013. • Enable us to create sustainable change in our community • Afford us this unique opportunity to share the Forest Ridge mission and passion for academic excellence to qualified young women.

  7. When did the challenge start? • In Spring 2009 with major donors about 20 months ago.

  8. When is the challenge over? • December 31, 2010 • To accomplish this,all gifts or pledges need to be formalized by November 15to help facilitate this urgent timeline. • The Office of Institutional Advancement will need this time to gather information, verify corporate matching gifts and create a report prior to meeting with the foundation’s program officer by December 15.

  9. TIMELINE: • Actual Date: December 31, 2010 (per guidelines) • Target Date: November 15, 2010

  10. Why is this challenge match important to Forest Ridge? • Supports one of the seven (7) strategic objectives outlined in the 2008-2013 Strategic Plan. • Addresses: “Affordability and Accessibility” – a major objective of this institution: to allow qualified young women access to an affordable Forest Ridge education.

  11. REALITY OF THE CHALLENGE: • It’s about: • Governance • Envisioning our future and making it happen • Handling assets • Fundraising • Our future relationship with The Bill &Melinda Gates Foundation • How we are perceived in the greater Bellevue/ Seattle community • Taking Forest Ridge as a girls’ school seriously

  12. Where are we with the challenge? As of October 20, 2010, we raised $2.6M or 52% of the $5M goal.

  13. Why have we waited so long to ask the Board of Trustees, Faculty, Staff, Parents and Alumnae for support toward the match? • Recall, February 2009 was the height of the economic recession • Changes in leadership – two new Board of Trustee Chairs, new Head of School, new Head of High School and new Director of Institutional Advancement

  14. MOVING FORWARD • “The Quiet Phase” anticipated receiving between 40-50% of the goal from 20% of the constituency groups before going public – Accomplished! • With 52% of the goal reached, we are on targetto commence “The Public Phase”.

  15. OBJECTIVE: To secure the match!

  16. HOW ARE WE GOING TO DO IT? TIMELINE: • 9.10.2010 - Presentation to Board of Trustees- Done • 9.14.2010 - Presentation to Faculty and Staff – Done • 9.15.2010 - Presentation to Alumnae Board - Done • 9.20.2010 - Campaign Kick-Off announced to Parents - Done • 9.30.2010 - Presentation to Parent Advisory Board - Done • 9.30.2010 - As a result of feedback, engaged Students – Ongoing • 10.1 – 10.2 – Presentation to Alumnae at Reunion - Done • 10.20.2010 – Parent Dinner and Campaign Kick-Off – Now! • 10.20.2010 – Alumnae Campaign Kick-Off – Done • 10.24, 10.25 and 10.27 - Alumnae Phone-a-thon • 10.27.2010 - Letter appeal to Grandparents, Past Parents & Friends • 11.05.2010 - Mes Amis – Mass appeal to all constituents

  17. ONGOING ASKS FROM: • Parents • Alumnae • Family • Friends • Major Donors • Corporations • Foundations • Others

  18. KEY ACTIVITIES: • Board of Trustees:Set the pace - 100% Participation - GOAL MET • Faculty and Staff:Get involved early - 100% Participation - GOAL MET • Faculty: “Say Yes to the Dress” for Scholarships: 2 Fashion Events with Randy Fenoli on 11.17.2010; 4-6 pm (Mothers and Daughters) and 7-9pm (External Community) • Students:Student Involvement - Ongoing – Goal 100% Participation • Parents:Dinner and Participation –Goal 100% Participation • Alumnae: Customized appeal letter to all alumnae with phone-a-thon - Goal to increase participation from 10 % of active alumnae to 30% • Past Parents: Customized letter with appeal • Grandparents:Customized letter with appeal • Foundation:Write grants- $500,000 to date and ongoing • Corporations:Matching funds requested from all constituents - Ongoing • Major Donors: Top 25 - 50 with personal asks: Sept, Oct, Nov., Dec

  19. FACULTY AND STAFF GOAL: Raised to Date: $52,033+ • 100% Participation by Faculty & Staff • Named Faculty and Staff Scholarship

  20. STUDENT PARTICIPATION Middle School: Raised to date: $625 • Created marbleized parent invitations • Students organized raffles for fundraising • Created skits to educate about Gates Match High School: Raised to date: $124 • Childcare during parent dinners • Volunteering phone-a-thon • Benefit Tailgate event barbeque

  21. PARTICIPATION: Will my gift make a difference? • Yes • Vote of confidence - a positive signal - to corporations, foundations and the greater community of your support

  22. BOTTOM LINE By November 15, we will have: • Completed all appeals except to Major Donors. • Positioned ourselves more favorably to the foundation should we not reach the additional $2.4M needed.

  23. What we need from you? • Gift or three-year pledge by November 15, 2010 • Request for matching funds if applicable

  24. Q& A’s

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