2014-2015 ANNUAL REPORT

Giving parents a choice. Giving children a chance.

OUR MISSION AND PROGRAM

CSFB is Baltimore’s only need-based scholarship program providing low-income Baltimore City students with tuition assistance to attend kindergarten-8th grade at the school of their choice.

We award our scholarships without regard to gender, race, grades or test scores, ethnicity or religious belief.

269 CSFB provided tuition assistance to 269 students in FY 2015 (July 2014-June 2015).

STUDENTS

49 CSFB scholars attended 49 schools.

SCHOOLS

$500 Scholarships are partial – up to $2,000 per student – with families paying a minimum of $500 per year of tuition. PER YEAR

BELOW Every family who received a scholarship from CSFB is at or below 270% of the federal poverty level.

THE FEDERALPOVERTY

LEVEL

FAMILY

When a family is selected from our wait list, scholarships are awarded to all eligible children in that household.

ALL STUDENTS FROM A

CSFB OUTCOMES…

In Baltimore, data from an independent study conducted with funding from The Friedman Foundation measured high school graduation rates and college attendance rates of CSFB scholars. The study reported exceptional results!

IMPROVED HIGH SCHOOL GRADUATION RATES

“Our study found that CSFB scholarship recipients had indeed been highly successful in their post elementary-school educational achievements. Nearly all CSFB Alumni contacted had graduated from high school five years after 8th grade – 97%.”

COLLEGE ATTENDANCE

“Enrollment in college – two-year and four-year – post high school was also very high at 84% five to 10 years after 8th grade.”

CSFB scholarships demonstrate that a relatively small philanthropic investment – the average scholarship was $1,864 last year – combined with a contribution from the family, can provide a private school education, and a better chance of graduating from high school and attending college.

Archbishop Borders SchoolAuburn School (Baltimore Campus)Bais Yaakov School for GirlsBaltimore Junior AcademyBaltimore Lutheran Middle & UpperBethlehem Christian Day SchoolBnos Yisroel of BaltimoreCalvary Lutheran SchoolCambridge SchoolCardinal Shehan SchoolCathedral Christian AcademyCheder ChabadEmmanuel Christian Day SchoolFriends School of BaltimoreGLA Academy School of ExcellenceGreater Grace Christian AcademyGreater Youth Christian AcademyH.O.P.E. AcademyHoly Angels Catholic SchoolImmaculate Heart of MaryJemicy SchoolJohn Paul Regional Catholic SchoolLife Source Christian SchoolMt. Pleasant Christian SchoolMt. Zion Baptist School

Ohr Chadash AcademyOur Lady of VictoryRoland Park Country SchoolSisters Academy of BaltimoreSt. Agnes SchoolSt. Casimir Catholic SchoolSt. Clement Mary HofbauerSt. Francis of AssisiSt. James & St. John Catholic Elementary SchoolSt. John’s Parish Day SchoolSt. Joseph School (Fullerton)St. Mark SchoolSt. Michael the ArchangelSt. Philip Neri SchoolSt. Pius X SchoolSt. Thomas Aquinas SchoolSt. Ursula SchoolTalmudical Academy of BaltimoreThe Boys’ Latin School of MarylandThe Lamb of God SchoolThe Unselds’ SchoolTorah Institute of Baltimore

CSFB SCHOOLS

Archbishop Curley High SchoolBais Yaakov School for GirlsBaltimore City CollegeBaltimore Polytechnic Institute Bnos Yisrael of BaltimoreCalvert Hall High School CollegeCatonsville High SchoolCristo Rey Jesuit High SchoolFrederick Douglass Senior High SchoolFriends School of BaltimoreGilman SchoolInstitute of Notre DameLargo High SchoolLoyola BlakefieldMercy High School

MERVOMilford Mill AcademyMount Saint Joseph High SchoolNer Israel Rabbinical CollegeNew Town High SchoolPaul Laurence Dunbar High SchoolPine Forge Academy, PARoland Park Country SchoolTalmudical Academy of BaltimoreWestern High SchoolYeshiva Telshe Alumi SchoolYeshivas Ohr YissochorYeshivas Toras Chaim

CSFB ALUMNIHIGH SCHOOLS

Albright CollegeAnne Arundel Community CollegeArcadia UniversityBaltimore City Community CollegeBenedict College Beis Medrash Toras ChesedBinah Institute Boston CollegeBowie State University Brandeis UniversityCatonsville Community CollegeCoppin State UniversityCornell University Essex Community CollegeHebrew Theological CollegeI D TECHITT TECH Institute John Hopkins UniversityLoyola UniversityMichigan State UniversityMorgan State UniversityMt. St. Mary CollegeMt. St. Mary’sNorthwestern University

Newberry CollegeProvidenceRosemont CollegeSharei Bina Seminary of Tsfat, IsraelStevenson UniversityTalmudical UniversityThe Art Institute of PhiladelphiaThomas Edison State CollegeTowson UniversityUniversity of BaltimoreUCLA BerkeleyUniversity of MarylandUMBCUniversity of Maryland Eastern ShoreUtica UniversityVirginia State University Virginia University of LynchbergWesley CollegeYeshiva Gedolah of CT

CSFB ALUMNICOLLEGES

DONOR LIST

CSFB would like to thank our donors for helping give our kids a chance.

$50,000 AND ABOVEBaltimore Next Generation Investing EventCSF, Inc.Lockhart Vaughan FoundationHarry & Jeanette Weinberg Foundation

$49,999 - $25,000Allegis Group FoundationClayton Baker TrustThomas Wilson Sanitarium for Children of Baltimore CityLegg Mason Charitable Foundation

$24,999 - $10,000A Friend of CSFB Alban FoundationBunting Family FoundationCharles Crane Family FoundationSamuel & Margaret Gorn FoundationJohns Hopkins Neighborhood FundOneMain FinancialPNC Charitable TrustKate and David PowellT. Rowe Price FoundationMark and Kathryn VaselkivVenable FoundationWheeler FamilyWPW Foundation

$9,999 - $5,000Howard Baetjer, Jr.Helen P. Denit Charitable TrustHuether-McClelland FoundationKelso Bishop Family FoundationM&T Bank Charitable FoundationMatthew & Christina Wyskiel Family Charitable Gift Fund

$4,999 - $2,500Sean and Constance BennettF. Barry BilsonRick, Alexa, Maeve and Charlotte CorcoranJohn and Susan Powell

$2,000 SCHOLARSHIP DONORSWilliam C. and Mayer BakerTheresa and Jeffrey BecksWendy BidwellJane DanielsJ. Parker and Laura DavisMark and Aimee FulchinoGlass Jacobson, P.A.Tim and Devon Hathaway FundScott and Beth HarbinsonLinehan Family FoundationJay LohseJames and Mary Miller Charitable Gift FundMarta and David MossburgOwen Charitable FoundationGeorge RocheSlate Capital GroupBrad and Crickett Woloson

$1,999 - $1,000Berrier Family FundDawson Family FundElizabeth Della MassingGreenspring AssociatesJohn “Wes” GuckertMr. & Mrs. F.B. Harvey, IIIDonald J. HoeltingRobert and Jenny Hopkins FundRyan HuetherGeorgette KiserDonna and Ernest KovacsDennis and Christine PeacockDaniel and Gay ShackelfordMr. & Mrs. Robert SchaeferJacob S. Shapiro Foundation, (At the direction of Jane and Stanley Rodbell)

Ralph SmithEdward I. Wight, Jr.Dan and Krissie Verbic

$999 - $500Marc and Leonor BlumBradley BEEEM FundDavid and Allison ClappSteven and Khue FeigenbergThe Gathering BaltimoreDoug and Corie GodineBrian and Kristen GraneyHarry GrunerBart HarveyJohn and Elizabeth HehirRobert and Sandy HillmanAnnie JenkinsRobert and Maryann MatthewsMichelle and Ira MalisSophia Marquez-WallaceJoyce and Hugh McCormick Charitable FundJames MeekChad and Kate MeyerJ. David SchusterVan Dyke Family Foundation

$499 - $250Rabbi Chaim AmsterWill and Weezie AndrewsDaman BlakeneyChristopher and Terri BlockJonathan E. BradleyMatt and Deb BaumSheldon and Jamie CaplisMimi Cooper FundNancy DormanFlemming Family Charitable FundHarry and Josephine Ford, Jr.Mr. & Mrs. Henry FranklinGordon and Martha GlennThomas and Kemp HillPatrick KnightRichard Jacobs and Patricia LasherHenry Jenkins, II

Kirsten LessnerElizabeth LoweJake and Jennifer MartinNeil and Sayra MeyerhoffDrs. Redonda Miller and Albert PolitoMatthew and Kelly MoreauElizabeth MoserTimothy C. NaylorAngelo OtterbeinCynthia PadgettJohn PorterBetsy SandbowerFerrier R. StillmanStephen WilliamsChristine Sohn-Woo and Kenneth Woo

$249 - $101Wendy Post and Roger BlumenthalWilliam and Lee BoneJohn M. BrennanHarvey Clapp, IIIClay M. DavisCameron and Meara DentonJames EcksteinChristine and Peter EspenshadeGohn Family Philanthropic FundAnne A. Jamison (In honor of Matthew Wyskiel)Brooks and Denise KitchelJulie-Lynn K. LewisChris ManfusoSean and Elizabeth MartinBarbara and Rodney MooreJohn M. PrughErnie and Rania RafailidesD. William and Pamela SchlottJulia and Kevin SchnuppKatie and Philip ShawLouisa J. Wyskiel

$100 OR LESSAnonymousGueter AurelienLaura Baker

Molly BakerRobin Navarro and Brigid BaroodyBonnie BelsingerLaura CaddenMr. & Mrs. James CaseJohn F. and Cynthia CavanaughDelia and Tony ChiaramonteCarol CimboloNatalie CoccagnaLuke and Marina CooperRichard and Karen CorcoranAnna DahlStephen and Amy DassoulasKaren Jordan and Daniel L. DavisMary DavisJennifer DiFolcoMarty and Elizabeth DonnellySuzanna DuvallNatalie EatonEileen EnglishConnie EvansWilliam Marlo Jr. and Trit FarleyPeter FernKevin and Cathy GaynorPat GilbertKatherine GuckertRenee GuckertJean HankeySteven HainesJoseph and Elizabeth HobelmannCharles D. HuberAllan and Claire JensenJonathan FundLaurence and Sandy KatzKathy KellyBruce KennedyChristopher and Kyle LeggKirsten LessnerClaire MaisanoKaren MalinowskiStephen McDonaldAaron MerkiNancy MerrittMary Page MitchelJohn R. Minninger

Caroline Worrall and Steve MungerKevin and Louisa MurphyNatalie and Matt NicholsKurt OvertonTom and Laurel PeltierLiz and Chris PopeJim and Anne PorterfieldPaige PriceGeorge RayburnDiane RobinsonLee RockSean RushingAubrey SchmitzBuffy Beaudoin-Schwartz and Howard SchwartzWilliam SpencerSusan SolomonJared and Francie SpahnAnastasia TerranovaWilliam and Paula ThetfordEbony ThompsonAllan Rosenberger and Joan VargaAlisa Rock and Jim WadeGeorgia UsryErica WilbournRobert WilliamsLynn Wintriss

MATCHING GIFTSAbell FoundationFeats Impact FundGE FoundationT. Rowe PriceVenable LLP

IN-KIND DONORSChristopher Schafer ClothierDJs Willie and J.GrayEmmeY Makeup ArtistryFlaunt on the AvenueRed MapleStar Won BotiqueMichael Stavrinos PhotographyWare House 518

CSFB is grateful for every donation we receive from individuals, organizations, and businesses. If your name is missing, please contact bharbinson@csfbaltimore.org.

THE MODELS

THE DJ

The Baltimore Next Generation Investing Event is held annually and showcases premier investors who present their top equity investment ideas of the moment.

This unique event features speakers who rarely share their specific stock ideas in a public forum. These successful world-class investors agree to speak because the proceeds from the event go to three Baltimore non-profit organizations that help improve educational choices for local children: CSFB, Southwest Baltimore Charter School and KIPP : Baltimore.

CSFB received funding of over $50,000 from the event.

Special thanks to trustee Matt Wyskiel and his committee for this significant contribution to fund our mission and program!

For more information and to learn about the 2015 event, visit www.nextgeninvesting.org/web2015/Default.aspx.

NEXT GENERATION INVESTING EVENT

Some of Baltimore’s best in fashion and nightlife came together for CSFB’s first ever benefit fashion show.

The creative minds behind the boutiques Star Won and Christopher Schafer Clothier styled a list of Baltimore movers and shakers, as well as CSFB Trustees and supporters who walked the runway. DJs J. Gray and Willie provided the beat and Red Maple generously donated delicious hors d’oeuvres. Flaunt on the Avenue and EmmeY Makeup Artistry styled hair and makeup, and Michael Stavrinos Photography donated all proceeds from photo sales.

CSFB Trustee, Elizabeth Massing hosted the event!

Thanks to our generous sponsors:

The fabulous event raised over $5,000 for CFSB!

At our first annual happy hour event, CSFB trustees served our donors and worked for “tips” and bragging rights to support our cause.

Funds raised at the event were matched by the Venable Foundation, and Ware House 518 donated $1 per drink to CSFB. The event raised over $5,000!

A H O L I D A Y H A P P Y H O U R E V E N T

MARK TERRANOVA

KATE POWELL LAURA DAVIS

RICK CORCORAN, JR.

ELIZABETH DELLA

MASSING

RENEEGUCKERT

Guest Bartenders:

CSFB trustees and committee members compete for tips. Come to support your

favorite bartender and support school choice in Baltimore for low-income families.

Join us on Wednesday,

December 17, 2014

from 5:30 pm - 7:30 pm

at Ware House 518

518 N. Charles Street

Cash or check “tips” are 100% tax deduct-

ible

Our Goal: $2,000

The Venable Foundation will match all funds raised

at the event up to $2,000! Ware House 518

will donate $1 per drink to CSFB.

Scholarships forSIPS

STYLIN’ STUDIESSIPS FOR SCHOLARSHIPS

WEDNESDAY, MAY 27, 2015 6:00 PM – 9:00 PM RED MAPLE930 N. Charles Street, Baltimore, MD 21212Doors will open at 6:00 PM. Fashion show starts at 7:00 PM. Tickets are $35 and include hors d’oeuvres and special pricing on cocktails.

Stylin’ StudiesA B E N E F I T F A S H I O N S H O WF O R C H I L D R E N ’ S S C H O L A R S H I P F U N D B A LT I M O R E

I have four children and they all have attended private school. Three of the four have been Children Scholarship Fund participants. This program has helped me tremendously. The funding allowed me to have all of my kids in private school at the same time. The sibling component of the program was such a blessing. Having this opportunity was very important to us as a family. It allowed everyone to get an excellent education. You were not forced as a parent to choose which child would be able to go to private school based on finances.

Finally, I think their education in the non-public setting has made a difference. My kids are thinkers and believers in themselves. They are not afraid of challenges and are confident in their abilities. They have been in an environment where the teachers and staff genuinely care about them beyond the classroom. My experience with their schools has been that of “we are family” and that has meant the world to me and my family. I never worried about my kids while they were in school. I knew that they were safe and well taken care of.

Thanks to all of you for supporting this important program for Baltimore families.

CSFB SCHOLAR STORY

CSFB ALUMNI JUSTIN ALSTON

Going to private school for most of my life has given me a chance to really be myself. I was able to express myself in ways that I would have never been able to do in a public school. At my schools – Cardinal Sheehan and then the Baltimore School for the Arts – the teachers were always focused on the students’ work and learning and not on behavioral issues. I don’t think I would’ve gotten that at my zoned school.

Also going to private schools has exposed me to a wide range of people with many different backgrounds. I am very grateful for the opportunities that the Children’s Scholarship Fund has given me. I know that the things that I’ve learned in my private school education will carry over as I start college in the fall. I was accepted into 12 schools and will attend the University of Maryland College Park in the fall.

CSFB PARENT VALERIE GRAYS

I choose non-public education for my children because I wanted to give them a strong foundation Pre-K through 8th grade. I think that’s where you have to start if you want to give your children a chance to succeed. Don’t get me wrong, I am a product of the public school system and I believe that a good education should be available to all students both in the public and private sectors. I will continue to be an advocate for such with our legislators but the reality today is that is not what we have.

FINANCIALS JULY 2014 - JUNE 2015

EXPENSES $ 686,948

Operating Costs $ 200,130Scholarships $ 486,818

INCOME $ 695,816

Children’s Scholarship Fund New York $ 75,000Grants $ 399,466Individual Gifts $ 147,064Events $ 74,286

CUMULATIVE SURPLUS (DEFICIT) $ 8,868

1000 St. Paul Street • Baltimore, MD 21202tel 410.243.2510www.csfbaltimore.org

Beth Sandbower Harbinson EXECUTIVE DIRECTOR

Joanne Sanders PROGRAM ADMINISTRATOR

CSFB STAFF

CSFB BOARD OF TRUSTEES 2014 - 2015

Raymond A. Mason HONORARY CHAIRMAN

Kate Rawson Powell CHAIR

Prevision Policy LLC

Matthew W. Wyskiel TREASURER

Skill Capital Management

Marta Hummel Mossburg SECRETARY Maryland Public Policy Institute

Rabbi Chaim Amster B’nos Yisroel of Baltimore

Sean J. Bennett One Main Financial

Luke T. CooperPeach Labs

Rick Corcoran, Jr.Slate Capital Group

Laura DavisMarketing and Communications Consultant

Renee Guckert, Esq.Renee Guckert Law

Beth HehirM&T Bank

Don F. Hoelting, CFAInvestment Counselors of Maryland, LLC

Sophia Marquez-WallaceVenable, LLP

Elizabeth Della MassingAgora Publishing Group

Mark TerranovaFeatsEDU

CSFB ADVISORY BOARD

Dr. Howard Baetjer, Jr. CHAIRMAN EMERITUS

Edwin J. Bradley, Jr.

Suzanna Duvall

James C. Davis

Robert D. Hopkins