An Opportunity of a LifetimeA Decision for Today

BUILDING ON OUR STRENGTH

For more than forty years, SAR has provided students with a uniquely wonderful and warm, academically challenging education under the care of a faculty and staff who are dedicated to fostering positive personal connections and experiences as well as extraordinary intellectual opportunities. In our SAR environment, students are confident—open tolearning, thinking and growing. The boundaries of this growth are limitless—as students move through the school, they are empowered to explore newcurricula and discover their passions.

SAR’s facilities complement and enhance the educational journey. Manygenerous contributors paved the way to make all this happen—the EarlyLearning Center and Academy expansions, and the building of our HighSchool. Over the last decade, more than 28 million dollars of a 42 milliondollar budget were raised to realize the long-held dream of extending theSAR philosophy and experience, from nursery through twelfth grade.

THREE CENTERS OF LEARNING

The setting for our unique Jewish and secular education is three distinct buildings, each matching the educational philosophy of the students it serves.

More than 250 children fill the joyful spaces of theEarly Learning Center(ELC). Located in the carriage house of the former Toscanini Estate, the ELC has 12 classrooms, two playgrounds and one largecommon area.

SAR Academy is home to 700 students in grades onethrough eight. Since 1974,the “school without walls”has expanded under, overand around the hill intowhich it is built, to ensurespace for the inquisitive andcaring students it holds.

Opened in 2003, SAR HighSchool is uniquely designedto engage a community of learners. Almost 500 students utilize seven floorscrowned by the Beit Midrashand its soaring atrium. It hasa theater, hockey rink andfull court gymnasium.

PRESENTING AN OPPORTUNITY OF A LIFETIME

Committed to securing SAR’s strength and vibrancy for years to come, we have now embarked on the most important journey of thisdecade. SAR seeks to raise 15 million dollarsfor the Capital Campaign in order to fully retire all of the school’s outstanding debt.

Underscoring the importance of this goal, SARcommunity leaders Jack and Giti Bendheim haveextended a once in a lifetime opportunity–theBendheim Challenge Grant–which will match all2012 gifts to the SAR Capital Campaign 1:2.

The Bendheims’ tremendous act of generosity,together with the philanthropy from the largerSAR community, will enable SAR to respond to 21st century demands, challenges and opportunities while ensuring that we continue to deliver the highest quality education.

Successfully achieving our goal of eliminatingthis debt will enable us as a community to creatively confront challenges, such as the rising costs of a yeshiva education, as well asconsider the infinite opportunities that canstrengthen our school.

The Challenge GrantThe Bendheim Challenge Grant (BCG) was created to inspire contributions to the SAR Capital Campaign with the important goal of retiring all outstanding loans. The Bendheims' vision is to free SAR from significant debt service payments, enablingfunds to flow to the Scholarship Fund and to educational, co-curricular and religious programming that enhances the life at school for nearly 1,400 students. Capital Campaign gifts made through December 31, 2012 will be eligible for the match.

The BCG builds on the success of our previous Capital Campaign, launched in 2000,when SAR raised 28 million dollars to build the High School, and expand and renovate the Academy. In order to complete the projects, SAR secured loans totaling 20 million dollars. At the start of the Bendheim Challenge Grant in the summer of 2010, SAR had 14.7 million dollars in outstanding loans. Contributions from generous donors, together with the Bendheim match, have already made a tremendous difference and the outstandingdebt is now below 8.5 million dollars. Retiring the debt will eliminate the one million dollarsper year in debt service that is currently paid by SAR.

MATCH MATH

Each eligible gift made to theSAR Capital Campaign will be matched at 50 percent up to five million dollars. For example, a giftof 100 thousanddollars will bematched by 50 thousand dollarsfrom the BCG. If a donor's gift is matched by a Corporate Matching Program,the BCG will match the corporate gift as well as the donor gift.

Giti and Jack Bendheim haveserved the SARcommunity for more than 30 years. They were instrumental in thecreation of SARHigh School and remain as SAR

leaders in their respective roles on our Board of Education and as President of the Board of Trustees. During their tenure, theschool has become a crown jewel of the Modern Orthodox community in the greater New York area, with full enrollment and alumni who are successfully navigating the world. The Bendheims and their seven children, all SAR alumni, are a family who truly exemplify the spirit and vitality of SAR.

The Bendheims were inspired by Erica and Ludwig Jesselson, whose extraordinary philanthropy retired theAcademy's mortgage in 1978. Freed of the weight of monthly principal and

interest payments, SAR reallocated monies saved in the operating budget to further the Academy's educational goals.

FACTS ABOUT THE BENDHEIM CHALLENGE GRANT

• All new gifts to the Capital Campaign qualify—there is no minimum amount.

• Multi-year pledges to the Capital Campaign may be made; however, only the portionof your pledge which is paid by December 31, 2012 will qualify for the match.

• Dedication opportunities are available for gifts of 50 thousand dollars or more. OurDevelopment Office will be happy to work with you to identify a meaningful location.

THE ROLE OF THE ANNUAL AND CAPITAL CAMPAIGNS

SAR’s Annual and Capital Campaigns togethergenerate critical funds for maintaining ourschool’s educational excellence and allowing SAR to keep pace with our growing and changing needs. These funds fill the gap between SAR’s expenses and revenues. Thereare, however, significant differences between the two campaigns as explained below.

TWO SIDES TO SAR PHILANTHROPY:

The Annual Campaignraises funds each year to cover SAR’s annual budget expenditures, including operating costs, scholarships and enriched programming. Annual Campaign contributions play a crucial role in bridging the gap in our annualbudget between tuition and expenses for our children’s education.

The Capital Campaignis a source of funding that provides for new construction, facility renovation, building maintenance as well as debt repayment. Funds from the SAR Capital Campaign are also utilized for property andgrounds maintenance, technology investments and purchases of anyequipment, furniture and fixtures. .

DEDICATION OPPORTUNITIES

Naming opportunities are available. Dedications encompass academic and recreationalfacilities, administrative areas and main corridors.

Each dedication plaque is customized to include your inscription and also carries a quote or pasuk to give more meaning to the SAR areas where our students learn, prayand socialize—spaces are available at the ELC, the Academy and the High School.

GIVE GENEROUSLY TODAY

Your participation in SAR’s Capital Campaign plays a critical role in positioning SAR for the future. SAR alumni stand strong as communityleaders, rabbis, physicians and academics, business leaders, artists, involved parents and outstanding citizens. Most importantly, they arekeepers of the flame instilled through their years at SAR. Our dream is to continue to kindle this flame for the thousands of children that willpass through these halls for many decades to come.

At this time, we ask that you give to the Capital Campaign as generouslyas possible. Your contribution today, matched by the Challenge Grant, will have a tremendous impact on the SAR experience for all our studentsand families well into the future. Please respond and help complete the Challenge Grant with the strength that has always characterized theSAR community.

“Every gift makes a crucial difference in ensuring SAR’s continuedstrength—as a Modern Orthodox institution that sets students on a path of educational achievement, professional accomplishment andlasting commitment to Judaism and the Jewish people.”HARVEY BEKERChairman, SAR Executive Committee

SAR ACADEMY SAR HIGH SCHOOL

Jesselson Campus Dedicated to the Memory of JJ Greenberg655 West 254th Street 503 West 259th StreetRiverdale, NY 10471 Riverdale, NY 10471718.548.1717 718.548.2727www.saracademy.org www.sarhighschool.org

www.saracademy.org/capitalcampaign

For further information about the Capital Campaign or to make your gift, please contact Heidi Greenbaum at 718.548.1717, ext. 1256, greenh@saracademy.org