Supporting Education for our Future
JUNE 26, 2019
This video has been updated to reflect an additional grant just awarded.
JULY 2019 NORTH CENTRAL NEWS
President's Message, 2019
CAMPUS VIEW ARTICLE, JUNE, 2019
SEF BREAKS SEVERAL RECORDS !!!
SOMERS EDUCATION FOUNDATION
The Somers Education Foundation’s (SEF) 15th year has been an outstanding success. The SEF awarded $67,025 this academic year, the most ever. The endowment increased 7.7% year over year. Having awarded a total of $498,000 since inception, while building an endowment of $653,537, SEF has had a total impact of $1,151,562! For perspective, in its first year of existence, SEF had $14,000 in funds and awarded $5,000 in grants. It has come a very long way.
The SEF bids a very fond farewell to Teresa Mancini and Ben Camerota. Teresa did a masterful job as the Chair of the Grant Review Committee. Ben contributed his marketing and graphic arts talents on many SEF projects and fundraising events. Their contributions have been invaluable to our success. Robin Munson has agreed to remain on the Board in ex officio status as its CPA. The Board welcomes 3 new members, Tracy Formica, Kevin McClure and Christine Romanko and looks forward to incorporating their talents and enthusiasm.
SEF had one fundraiser this year - a very successful Brewfest held at Pleasant View Golf Center. The Geissler's Receipts Program continues to be very successful. SEF thanks the Nilsson Family for its generosity in continuing its sponsorship of this important program. The smile.amazon.com program continues to show steady growth as well.
SEF was again the beneficiary of very gracious donations of $25,000 from Mrs. Helen and Mr. S. Prestley Blake and $10,000 from the Antonacci Family.
Named Funds were created in 2014. A fifth Named Fund - the Salva Family Fund - was fully funded this year.
Regarding the Named Funds, the Blake Fund covered the majority of the cost for creation of a Makers Space at SHS. The Roulier Fund paid for the Stargirl Society and the Kirkpatrick Fund paid for Heart Rate Monitors and software for physical education classes at MBA. The Antonacci Family Fund paid for updates in the Vex Robotics program at SHS.
SEF has 15 years in the books and has gone from a concept to a strong reality, delivering on its mission statement. One of its major tenets was to build over the first 10 years a permanent, sustaining endowment to be able to award grants regardless of the economy and fundraising results. Applying "The Prudent Man Rule" in 2015-2016, the SEF utilized 4% from its endowment for the first time. This is now an intrinsic part of the SEF modus operandi. The endowment is working exactly as envisioned.
SEF's goals are to continue to "think big" and grow the endowment, increase community awareness, and provide greater funding for education opportunities for every student in the Somers Public School System. Thank you for your generosity and support.
Paul Salva, President
and the Somers Education Foundation Board