New York City’s 1.1 million public school students come from every corner of the globe, representing an extraordinary mosaic of nationalities, languages, and cultures. As they fill the classrooms, computer labs, gymnasiums, and libraries of the city’s 1,600+ schools, they do so with a common goal: to forge a bright and productive future for themselves and their families.

Through dynamic partnerships with the public, private, and nonprofit sectors, The Fund for Public Schools seeks to ensure that our students can map their own futures. We want them to be prepared with the knowledge, skills, and drive to join the ranks of the nation’s leaders in every field imaginable.

Find out how we are making it possible for the next generation to Engage, Explore, and Achieve. Learn how you can join us in this effort at www.fundforpublicschools.org.

About
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  • Innovation
    No two people learn in exactly the same manner. So why do so many schools provide students with a “one-size-fits-all” model of education, in which class time, subject matter, and instruction are standardized for large groups of students? To change this model, The Fund supports the iZone, a community of 100+ schools that is piloting innovative practices in teaching and learning, such as self-paced online coursework, virtual tutoring, and individualized schedules tailored to each student’s daily progress. These models are helping schools shift to a more personalized approach that identifies and caters to the needs, strengths, and motivations of each child.
  • Alumni Community
    The Fund partnered with the NYC Department of Education and NYC Service to create New York City’s first-ever citywide alumni organization: Alumni for Public Schools. This initiative seeks to bring New York City’s millions of public school alumni together to give back by supporting Legacy Libraries and volunteering in schools across the city. If even a small percentage of our alumni donated time or funds each year, we could raise millions in resources for our schools and give our students strong role models to help guide them in their educational careers.
  • Career and Technical Education
    Major changes in the global economy are placing greater demands on job seekers today than ever before. The Fund raised private funding to support the work of the NYC Department of Education to lead the nation in innovating Career and Technical Education (CTE) in our schools. Our funding has enabled the creation of four new CTE schools that are providing students with knowledge of and experience in career paths in rapidly expanding industries, like engineering and sustainable design. Together, these schools serve as national models for hands-on job training integrated with rigorous academic study.
  • NYC School Survey
    Those closest to our schools — students, families, teachers, and staff — know best what is working in them and what is not. To this end, The Fund facilitated partnerships to spread the word about participation in the NYC School Survey, the largest annual survey in the nation. The survey engages all 1.4 million New York City public school parents, teachers, and 6th – 12th grade students in a meaningful dialogue about how we can continue to make all of our 1,600+ schools better places to learn.
  • Mentoring
    Dedicated mentors from New York City businesses, nonprofit organizations, and government agencies help students in over thirty schools navigate the challenges of high school life — from applying to college, to learning the ropes of a professional workplace, to setting ambitious goals for their futures. The guidance of strong mentors in the NYC Mentoring Program enables students to achieve their full potential, and their inspiring example proves that all New Yorkers have something to contribute to our children’s success.
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  • Hands-On Learning
    Imagine studying geography using real-time satellite imagery on a digital white board, or examining the intricacies of DNA firsthand with a state-of-the-art microscope. Thanks to a generous grant from the Lower Manhattan Development Corporation to revitalize the neighborhoods around Ground Zero, The Fund has administered enrichment grants to over 50 public schools, allowing them to equip their classrooms with a range of resources that bring learning to life.
  • Literacy
    The Fund’s library grants have empowered over 200 schools to invigorate their library programs and better equip their library spaces. Whether it’s a new collection of bilingual books for families learning English, page turning devices to support children with special needs, or college and career guidebooks to help students plan for their futures, these vibrant libraries inspire generations of lifelong readers.

    The Fund also supported an innovative early-literacy curriculum, Core Knowledge, which seeks to eliminate the literacy achievement gap between elementary school students from different economic backgrounds.
  • Arts Education
    Not only does a robust arts education help students hone their observational and expressive skills – it also cultivates creative thinking and innovation, qualities that are increasingly in demand across a range of career paths. In 2010, the art galleries of Madison Avenue continued their steadfast commitment to nurturing the next generation of budding artists by hosting the annual Madison Avenue Gallery Walk, which raises critical funding for the Summer Arts Institute.
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  • Common Core Standards
    The Common Core State Standards are a state-led effort to develop a set of national education standards. These standards will create a clear and consistent framework to prepare children for college and the workforce and provide teachers and parents with a common understanding of what all students across the country are expected to learn. The Fund is supporting training for principals, teachers, and staff so that they can effectively implement the standards in all of our classrooms, ensuring New York City’s 1.1 million students are prepared to compete on the world’s stage when they graduate.
  • Rigorous Academics
    To expand the educational options for the city’s top performing students, The Fund is supporting the creation of new academically selective schools. These schools offer talented students from across the five boroughs opportunities to delve deeply into fields of study through internships and community service, a wide range of challenging coursework, and robust extracurricular programming.
  • College Scholarships
    A college education is now more important than ever, but for too many families, the cost of tuition makes higher education a real hardship. The Fund is proud to partner with a number of organizations to offer scholarships for students who have shown academic strength, leadership, and a commitment to community service, but for whom the costs of tuition are prohibitive.
  • Great Teachers
    Ask any parent – the most important aspect of their child’s education is the quality of his or her teacher. Private funding has made possible groundbreaking research and reform efforts to improve the caliber of New York City’s teacher workforce. The Fund secured private investment that allowed the NYC Department of Education to engage with The New Teacher Project on an initiative to implement a high-quality system of measuring teacher effectiveness. Reforming teacher training, evaluation, and tenure practices is the only way to ensure a strong teacher in every classroom.
  • Enterprising Leaders
    Great schools need great leaders. The job of a school principal requires a breathtaking range of skills: pedagogy, childhood development, finance, marketing, team-building, technology, and staffing, to name a few. To help ensure a pipeline of qualified, enterprising, and successful principals, The Fund has helped support the NYC Leadership Academy’s work in New York City schools since 2003.
About

The Fund for Public Schools is dedicated to improving New York City’s public schools by attracting private investment in school reform and encouraging greater involvement by all New Yorkers in the education of our children. The Fund plays a pivotal role in improving public education in New York City by strengthening the New York City Department of Education’s relationship with the private sector, securing funding for critical education reform initiatives, helping businesses to create partnerships and programs that support city schools, and raising public awareness about the public schools.

For more information about The Fund for Public Schools, visit www.fundforpublicschools.org. To get involved with our alumni community and give back, visit www.nycgrads.org.

Fiscal Year 2010 Board of Directors

Joel I. Klein, Chair
Caroline Kennedy, Vice-Chair
Mortimer B. Zuckerman, Vice-Chair
Jeanette Sarkisian Wagner, Secretary
Chris Beale
Charles H. Googe, Jr.
Agnes Gund
L. Londell McMillan
Wendi Murdoch
Leonard Riggio
Elizabeth Rohatyn
Financial Report

Fiscal Year July 1, 2009 to June 30, 2010

In fiscal year 2010, The Fund for Public Schools raised $23.3 million to support initiatives of the New York City Department of Education. Spending for program services was approximately $24.6 million, down from $37.33 million in the previous fiscal year. Expenses supported system-wide reform efforts, arts, libraries, scholarships, and school-based programs.

Funds Raised for the NYC Department of Education

Financial Chart
These numbers do not include funds raised to support the NYC Leadership Academy. From 2003 through 2009, The Fund sought and accepted contributions on behalf of the Leadership Academy, a separate nonprofit entity. These contributions were received by The Fund and transferred to the Leadership Academy. In keeping with accounting principles, the contributions received for the Leadership Academy are not included in the financial statements of The Fund.

Statement of Income and Expense for Fiscal Years 2010 and 2009

  2010 2009
SUPPORT AND REVENUE July 1 – June 30 July 1 – June 30
Contributions and Grants $23,279,245 $14,805,079
Fee Income 0 0
Donated Services 676,808 741,497
Realized & Unrealized Gains    
on Investments 363,647 79,643
Interest Income 293,843 707,518
TOTAL SUPPORT    
AND REVENUE $24,613,543 $16,333,737
EXPENSES    
Program Services:    
Grants to NYC Department of Education $24,607,885 $36,610,821
Awareness Initiative 0 2,721,175
TOTAL PROGRAM SERVICES $24,607,885 $37,331,996
Supporting Services:    
Management & General 1,229,402 1,323,939
Fundraising 492,098 498,619
TOTAL SUPPORTING SERVICES 1,721,500 1,822,558
TOTAL EXPENSES $26,329,385 $39,154,554
INCREASE/(DECREASE)    
IN NET ASSETS $(1,715,842) $(22,820,817)
DISCONTINUED PROGRAMS $(537,096) $(2,472,877)
NET ASSETS –    
BEGINNING OF YEAR $37,565,847 $62,859,541
NET ASSETS –    
END OF YEAR $35,312,909 $37,565,847

Copies of the complete audited financial statements from which this information was excerpted are available upon request.

Donors
$1,000,000 and above
Bill and Melinda Gates Foundation
Cisco Systems, Inc.
Ford Foundation
Lower Manhattan Development Corporation
Michael and Susan Dell Foundation
Robin Hood Foundation
$500,000 - $999,999
The Broad Foundation
 
$100,000 - $499,999
The 100 Mile Man Foundation
Anonymous
Bank of America
The Bank of New York Mellon
Carnegie Corporation of New York
The Carson Family Charitable Trust
William & Dewey Edelman Charitable Trust
Sidney E. Frank Foundation
Goldie Anna Charitable Trust
The Hearst Foundation, Inc.
JPMorgan Chase Foundation
Macy’s East, Inc.
NewSchools Venture Fund
O’Melveny & Myers LLP
The Carroll & Milton Petrie Foundation
The Shubert Foundation, Inc.
Target Corporation
Tides Foundation
The Wells Fargo Foundation, Inc.
 
$50,000 - $99,999
Angelo, Gordon & Co.
Barnes & Noble Booksellers
Booth Ferris Foundation
Centerbridge Foundation
The Council of Urban Professionals
Doshi Diagnostic Imaging Services
The Leona M. and Harry B. Helmsley Charitable Trust
Home Box Office, Inc.
Marc Jacobs International
MCJ Amelior Foundation
Morgan Stanley
 
$25,000 - $49,999
Hugh L. Adams Estate, Hugh Trumball Adams Trust
Alan Alda
BNP Paribas
The David Rockefeller Fund
The Edward John and Patricia Rosenwald Foundation
Exploring the Arts
Freeman Harrison Family Foundation
Sidney E. Goodfriend
HSBC Bank in the Community (USA) Inc.
Beth Kaufman
Joseph E. Liberatore
Moody’s Foundation
Sarah Jessica Parker
Share Our Strength
Margaret Sorensen Charitable Trust
Staples Foundation for Learning
The Von Damm Family Evergreen Foundation
Working In Support of Education
$5,000 - $24,999
AEA Investors LLC/Aetos Capital
Anonymous
Big City Volleyball League
BJ’s Wholesale Club
Bloomberg L.P.
Robin Brawer
Brooklyn Community Foundation
CBRE/CB Richard Ellis
Christian Dior, Inc.
Comedy Central & Spike TV
Davis Polk & Wardwell LLP
Dedalus Foundation, Inc.
Diane von Furstenberg Studio, L.P.
Maxim Duckworth
Elephant Rock Foundation
Ernst & Young Foundation
The Estee Lauder Companies Inc.
Ezra Jack Keats Foundation
Fendi North America
Financial Women’s Association of New York
Burton M. Freeman
Friends of PS-IS 187
Goodwill Industries of Greater New York
Richard and Peggy Greenfield Foundation
Interpublic Group
Jimmy Choo
Kern High School District
G. Seth Leyman
The Lucius N. Littauer Foundation
The Mack Foundation
Mattel Children’s Foundation
Morningside Area Alliance
Murray G. & Beatrice H. Sherman Charitable Trust
National Academy Foundation
Norma Green Family Foundation
Donna Orser
Ovation TV
The Paul and Phyllis Fireman
The Peter Jay Sharp Foundation
The Prudential Foundation
Select Equity Group, Inc.
Stop & Stor Charitable Fund
Syracuse University
Thomas M. Triplett
UBS Bank
Vincent Mulford Foundation
Adam J. Winkel
Young Professionals Mentoring Program
David & Sybil Yurman Humanitarian & Arts Foundation
Donate

Donations to support public education in New York City can be made to The Fund for Public Schools. Donations can be made through The Fund’s website at www.fundforpublicschools.org, or by mailing a check to:

The Fund for Public Schools

52 Chambers Street, Room 305
New York, NY 10007

For more information, please contact us at info@fundforpublicschools.org or at 212-374-2874.

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This report was paid for with private funds.