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OHDS 2010
 

OHDS 2010

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    OHDS 2010 OHDS 2010 Presentation Transcript

    • OHDS Strategic Update to Parents Parent Meeting 2010 12/08/10
    • OHDS Mission Statement “ Oakland Hebrew Day School (OHDS) is a modern Orthodox Jewish day school providing excellence in Jewish education to the entire Jewish community. Our focus is on the needs of the whole child, fostering a love of learning and a strong sense of Jewish identity. We place equal emphasis on Judaic and general studies, helping our students develop a solid academic foundation in each. We also recognize the significance of the State of Israel and its people, as well as a sense of responsibility for their welfare. The Middot (character) and critical thinking skills our students acquire at OHDS will serve them well as they become tomorrow's Jewish leaders.” 12/08/10
    • 12/08/10
    • Roles and Responsibilities of the OHDS Board of Directors
      • Primary role of the board:
      • Develop and safeguard the school’s mission
      • Hire, support and evaluate head of school
      • Ensure short and long-term financial sustainability
      • Engage in fundraising
      • Set policies
      • Strategic planning
      • Review and maintain by-laws
      • Ensure legal compliance
      • Make a personally significant “stretch” gift
      12/08/10
    • What the Board Does 12/08/10
    • What the Board Does Not Do 12/08/10
    • Annual Board Calendar
      • Board meets monthly. Monthly agendas include Head of School update, committee updates and board action items.
      • Meetings follow an annual calendar of topics linked to ongoing board responsibilities and strategic initiatives
      • Key topics:
          • Annual audit
          • Board recruitment and development
          • Budget setting (short and long-term)
          • Fundraising
          • Governance, nominations, election process
          • Head of School performance review
          • Strategic financial analysis
          • Strategic planning (short and long-term)
          • Tuition-setting
      12/08/10
    • Board Profile
      • “ Working” board of directors, i.e. each board member is actively engaged in strategic board initiatives
      • Board members comprised of current parents, alumni parents and community members.
      • Expertise in legal, finance, personnel, fundraising, property management, strategy, marketing, communications.
      • Board terms are two years and renewable.
      • Board members are nominated and vetted by the Board Development Committee based on criteria related to the board’s strategic goals
      • Proposed new members are voted on by the whole board.
      12/08/10
    • Board Committees
      • Current Board Committees
      • Audit*
      • Board Development
      • Building*
      • Communications/Marketing*
      • Finance and Investment*
      • Fundraising*
      • Personnel
      • * Committees include non-board members
      12/08/10
    • How Board Committees Function
      • Chairs lead committees
      • Committees include board and non-board members
      • Committee work is linked to strategic plan priorities and on-going responsibilities
      • Committees make recommendations to the board
      • Board votes on key decisions
      12/08/10
    • 12/08/10
    • Strategic Plan and Board Priorities
      • Accreditation – DONE!
      • Board Development
      • Building/Maintenance
      • Communications/Marketing
      • Financial Planning
      • Fundraising
      12/08/10
    • 2010-11 Board Strategic Priorities
      • Affordability & Sustainability
      • Financial Management & Investment Policy
      • Fundraising – Annual Fund & Scholarship Match
      • Board Development & Orientation
      • Master Facilities Planning Process
      12/08/10
    • 12/08/10
    • OHDS Budget 2009-2010 Income
      • Tuition and Academic Fees $3,049,000*
      • Fundraising $810,000
      • Other Income: interest income, dividends, rental income $164,000
      • TOTAL INCOME: $4,136,000
      • *(does not include field trips)
      12/08/10
    • OHDS Budget 2009-2010 Expenses
      • Personnel related expenses $2,705,000
      • Financial Aid $632,000 (Covered by Fundraising, not tuition)
      • Operating Expenses & Educational Programs $520,000
      12/08/10 TOTAL EXPENSES: $4,048,000
    • Financial Stewardship
      • As financial stewards of the school we:
        • Plan for the long-term
        • Evaluate cost-cutting options
        • Continue strong commitment to financial aid
        • Work to increase fundraising to support financial aid and other school priorities
      12/08/10
    • How Does the Board Set Tuition?
      • Evaluate budgetary needs and fundraising capacity for the coming year
      • Examine affordability for OHDS families Investigate best practices from Partnership for Excellence in Jewish Education (PEJE), National Association of Independent Schools (NAIS), and Independent School Management (ISM)
      • Research tuition and tuition trends at other Bay Area independent and Jewish Day Schools
      • Balance all this with the board’s fiduciary responsibility to safeguard the school’s short and long-term financial sustainability
      12/08/10
    • New for 2011-12
      • Board completed 9 month process examining affordability and sustainability opportunities. Financial modeling allowed Board to see entire picture
      • Announced tuition early to give parents time to plan for next year – lowest increase in 10 years
      • Created “Kulanu” Initiative – All of Us
        • TAP – “Middle Tier” tuition assistance
        • Sibling Discount
        • Deep commitment to financial aid
        • Seeking longer-term sustainable funds - $1mm match campaign
      • Leveraging $1mm Match and other long-term funds to support school & scholarships
      12/08/10
    • 12/08/10
    • OHDS Fundraising
      • In the last five years, the school has raised between $560-810k annually
      • 2010-11 challenge: aggressive fundraising targets during a challenging economy – goal of $760,000 and 100% participation
      • New $1 million Scholarship Match Campaign ! Goal to put $2 million to work to help annual scholarship funds
      • Note: Tuition dollars do not cover scholarships
      12/08/10 We need to raise a good deal of funds, but together we’ve done it before!
    • 2009-10 & 2010-2011 Annual Fund
      • 2010-2011 Goals
      • Grants - $230,000
      • Individual Donors - $530,000
        • End of Year Appeal
        • Spring Gala
        • Individual Donors (small and large)
      • TOTAL: $760,000
      • Raised as of 12/1/10: $350,000
      12/08/10 2009-10 Annual Fund $810,00
    • Fundraising - Key Strategies
      • Increased focus on major donors
      • Grant research and grant writing
      • $1mm match – opens door even wider to broader Jewish Community
      • Continue customized appeals and outreach to constituency groups, e.g., grandparents, alumni and their families
      • Targeted personal solicitations and meetings with donors
      12/08/10
    • 12/08/10