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Annual Report

2017-2018

SEOUL FOREIGN SCHOOL

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Welcome from the Head of School

Income and Expenses 17-18

Dear SFS Community

Welcome to our 2017-18 Annual Report. We appreciate your time and attention and hope you enjoy this brief snapshot of the school year.

It was another incredible year for our school. Since 1912 we have been serving the foreign community in Seoul and we are happy to welcome almost over 1,400 students from 50 countries to the Elementary School, Middle School, High School and British School. Each and every child is valued and nurtured - we believe every child is individual and special.

At Seoul Foreign School we inspire excellence and build character in all our students. Teaching and learning are at the heart of what we do. Here we share with you some of our academic highlights. We also give you a glimpse into Arts and Sport - two areas in which we have long thrived.

We invite you to share our final university entrance data. Our Class of 2018 have gone on to study in some of the finest academic institutions. Each student carved their own path and chose the destination that suited them best. Our High School Counseling team advised and supported them every step of the way.

As always, please remember this is a summary. My door is open to the community. We welcome you to Seoul Foreign School to discuss any aspect of this report or any other questions you may have.

We appreciate your continuing support!

God Bless

Colm Flanagan

Tuition and Fees*94.9% (52,889,610)

Revenue(Currency: KRW in thousands)

Donations0.02% (11,231)

Investment and Other5.8% (3,207,994)

Financial Aid-0.7% (378,183)

Expenses(Currency: KRW in thousands)

Total100% (55,730,652)

Faculty Salaries and Benefits62.5% (31,048,451)

Supporting Staff Salaries and Benefits

14.6% (7,230,329)

Instructional5.8%

(2,881,547)

Other Programs***1.1%

(536,210)

Plant Operations6.2%

(3,057,750)

General & Administrative4.0%

(1,966,287)

Depreciation5.9% (2,941,114)

Total100% (49,661,688)

The income from 2017 SY to 2018 SY increased by 1.7%. Additionally, the net financial performance improved by a larger margin as the expenses decreased by 2.0%.

However, due to major construction, the net cash deficit for the year was about 12.2 billion Korean won offset by capital fundraising of about 800 million Korean won.

*Tuition, Transportation, Capital, Registration, Application fees, etc.

** Donations are only including unrestricted Annual Giving.

***Summer program, Transportation expenses, Spirit Shop, etc.

Net from Operation 6,068,964

Cash Flow (Currency: KRW in thousands)

Net Cash Flow from Operations 9,010,078 Ordinary Capital Expenses (1,802,996) Construction Capital Expenses (19,421,360)

Cash Flow Before Fundraising (12,214,277) Capital Fundraising 799,497 Net Cash Deficit for the Year (11,414,780)

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17-18 Donor Community

We are delighted to report the generous support of the SFS Community for the 2017-18 Annual Fund. The community response this year

surpassed any other year on record and we thank each and every one of our supporters, however big or small their donation. A total of over USD 1 million dollars in gifts and pledges was raised over the year with a variety of gifts towards Naming Rights, Centennial Stones, general donations to support the Building for the Future Fund, Gifts in Kind and other funds to support various academic programs at the school. Our totals raised across the year were:

• Annual Fund (Upgrades to the British School Playground): USD 140,000

• Building for the Future Fund: USD 899,230

• Temporarily Restricted Funds: USD 23,500

• Endowment: USD 4,450

• Total USD 1,067,180** **Total fundraising includes pledged contributions which are not recognized as income until received.

THE HERITAGE CLUB (Donated $100,000 or more)AnonymousThe Friends of Seoul Foreign School The Haelyung Hwang FamilyThe D. Kim Family

THE MILLENNIUM CLUB (Donated $10,000 or more)Laura and Alice ChungSarah Angelina ’22, Irina ’25 and Ivan S.A. ’27 KimRayoung (Madeline) Lee ’21

RED AND BLACK CLUB (Donated $5,000 or more)John ’04, Stephanie ’05, Gibson and Miles BlackMinsoo Choi, June Kang, Christian ’14 and Benjamin ’19 ChoiPin ’13*, Yin ’14 and Hong Chou ’23Andrew Chung ’97*, Soo Youn Nam, Farrah ’29 and Micah ’34 ChungColm, Sinead, Fionntan ’17 and Cormac ’19 FlanaganYoung Han Hahm and Grace KimPhilip ’21* and Eugene ’26 HanThe Horvath Family – Class of ’07, ’10, ’12Heejae ’25 and Heewon ’27 HwangThe Kahng FamilyEmily Kim’26Rose ’17 and Martin ’21* KimTaylor ’14 and Tara ’18 KimJeneve Lee ’27Jiwan ’17, Jay Won ’19 and Jay Joon ’25 LeeJosephine Lee ’22Kyungsuh LeeJina MacNeill, Class of 2026Sophie ’27, Aimee ’29 and Philip ’32 MinJack, Edie ’77, Melissa ’07* and Kayla ’10 MoonKatherine ’19, Jonathan ’21 and Xander ’24 MyongTransportation Seung Min Nam and FamilyNicholas Howon Park ’93 and Eunie Lee Park ’00Paul A. and Kay, JP ’79 and Helen, Paul D. ’04 and Hannah RaderHyunSeo (Reina) Roh ’22Jeremiah ’21 and Judah ’23 Shim

THE CREST CLUB (Donated $1,000 or more)AnonymousYoon Suh (Stephanie) and Jun Woo (Kevin) ChaeYoung Min ChoeJames and Sarah (Hubbard) Gunberg ’71Hedi HahmEuiseok Kim and Regina Ryu ’87*HakSoo Kim and KyonCha JuHyong Min Kim ’18Ian Wonwoo KimJerome and Silvia KimLukas KimSebi KimAnna Nahm ’18Katherine and Justin OhJames J. ParkJessica ’15, Michael ’18 and Stephanie ’25 WooRyann and Riley Yang

CENTENNIAL CLUB (Donated $100 or more)AnonymousJohn AhnJulien AhnDavid, Libby, Hava, Acacia and Tolan BeatyEunhi ChoYoungwoo ChoYune ChungKris DalyMichael, Jane and Lydia ForsterHeejin ’06 and Matthew GregoryBrian and Lisa HallRyan and Sophie HammerbergWilliam and Florence HammerbergJames HopkinsByeong Guk JeonReagan, Aiden and Michael JunByung Nam KahngChris Eensoo KimDaniel KimJenna KimMinji KimPhilip Kim

17-18 Annual Fund Donor ListAs of June 29, 2018

*Didn’t graduate from SFS

Seok Yun KimSoon Rye KimSu Yeon KimTaehyeon KimYerin Amy KimJennifer Koenig ’92*Haejin KohSoora KohJoonmo KooGracie KwakRiley KwakSammy Taeyoung KwonAndrew LeeChang Hee LeeHeung Sang (Hugh) LeeIsabelle LeeJenny Lee ’86*Tae Hoon, Yuna and Yoojung LeeKeanu MaYoung Sik MoonMichael O’Donnell ’70Nathan and Anna ParkDamian PrestThe Prest FamilyAndrew and Jia RheeThe Searles FamilyAlex ShimPhilip ShinJustin and Shannon SmithChristopher SykesThe Teather FamilyMaddie ’15 and Christopher ’18 ThiesPrema Thomas and Elish PangitajYoojin Um Fred Underwood ’72Esther Washburn Smith, Former FacultyNathan, Megan, Adam, and Anna WalkerSun Woo WhangCate and Mikey YoonJB and JH Yoon

THE LEGACY CLUB (Made a monetary donation)Young Bo BaeJa Yong ChoiJong Chul ChoiKang Hoe DoRebecca EmrichSeong Hoon HongWan Hee HongWon Joo HwangWoo Tak JeonJin Hyuk JooByung Shik JungDongsuk KangSang Oh KangCheol Hoi KimJung Soo KimHong Seo KooThe Kuhl FamilyThe Lee FamilyByung Joo LeeJung Yong LeeJae Hun LeeSeung Woo LeePauline MottByungsil ParkDong Jin ShinChang Gun YangTae Yi

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The Academic Year

The 2017 - 2018 school year was a significant year of change in educational leadership at SFS. It was the first year of Jeff Holcomb as

the new High School Principal. In Andy Freeman and myself, the school also appointed a new British School Principal and a new Assistant Head of School - Academics. We both spent considerable amounts of time with our predecessors and future team members in the latter half of the year to ensure a smooth handover. We also joined the Senior Leadership Team at the end of the year for a multi-day strategic planning session to plan for the upcoming 2018 - 2019 school year.

With the planned introduction of the IB Middle Years Programme into the High School for August 2018, much collaborative work has been undertaken to ensure a smooth transition for students from the Middle School and the British School Key Stage 3 into the High School. This has led to students from both the British School and the Middle School generally feeling able to make an effective transition.

Results from standardized tests and external exams taken by our students throughout 2017 - 2018 continue to indicate that our students are performing at a high academic level. This is highlighted by the following examples:

In standardised tests (MAP tests) taken by all students in each grade from Grade 2 to Grade 8 in Math, Reading and Language, SFS students consistently scored higher than comparable international schools in the region. In SAT and ACT standardised tests in the High School our students scored at a consistent level as compared to previous years, which is

significantly above world averages. The number of students who successfully completed the full IB-Diploma continued to increase with an average overall score of 34.5. This is significantly higher than world average but also the highest average reached by our students over the last 5 years.

SFS students continue to attend top universities around the world with the 122 SFS graduates receiving 449 offers or acceptance letters from universities across the globe. When surveyed about their happiness in the university they would be attending, 90% of our graduates indicated they were happy to extremely happy (6 or above on a 1-10 scale.)

The final highlight of the 2017 -2018 school year was the authorization verification visit by the IB for our Middle Years Programme in May 2018, leading to the IB authorising SFS as an IB MYP school later in 2018. SFS is now a full IB Continuum school offering continuous IB programmes from Kindergarten to grade 12.

Jan-Mark Seewald, Assistant Head of School - Academics

SFS Class of 2018 ACT & SAT Scores2017 - SFS Class of 2018 Total Mean Score was

42.8% above the World Mean2018 - SFS Class of 2018 Total Mean Score was

53.3% above the World Mean

SFS Composite Mean ScoreWorld Composite Mean Score

2017 2018

2920.3

30.9

20.8

2017 2018

14011083

13981068

2017 - SFS Class of 2018 Total Mean Score was 29.4% above the World Mean

2018 - SFS Class of 2018 Total Mean Score was 30.8% above the World Mean

ACT SATSFS Composite Mean ScoreWorld Composite Mean Score

SFS SFSSFS SFS

WORLD WORLD

WORLD WORLD

2018 Student Population(As of September 1st, 2018)

Korean23%

Americans51%

European12%

Asian9%

Australian3%

Other2%

ES MS HS BS Sum American 256 146 238 62 702 51% Korean 75 64 129 46 314 23% European 43 23 47 48 161 12% Asian 36 18 37 35 126 9% Australian 9 8 15 5 37 3% Other 2 4 10 8 24 2% 421 263 476 204 1364 100%

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Class of 2018 Where Next?

We are delighted to share that our Class of 2018 have been one of our most successful to date. As a school we are concerned not just with university acceptance and final IB scores but with

producing happy, well rounded students who are ready to take the next step.

A fully supported Counseling team work with the students to ensure that they understand all the details of the study process and the application process. They explain the alternatives and have resources from around the world so each student chooses the course which is best for them.

• Our Class of 2018 comprised 122 students

• 449 University acceptances in total (excluding Australia/Korea offers)

• 86 students went on to study in the USA; 9 in Canada; 5 in Korea; 5 the UK; 3 in Holland; 3 in Australia; 2 in Japan; 1 each in Spain, Abu Dhabi and Malaysia

• 6 students went on to Military Service or a gap year

• Total scholarships offered - $4,000,000 USD

Our IB average score was 35 which is 18% above the world IB average!

CanadaBrock University

Concordia College (Moorhead, MN)McGill University x2

University of British Columbia x3University of Toronto x2

University of Windsor

UKImperial College LondonUniversity of BathUniversity of Manchester x2University of Sussex

NetherlandsLeiden University College The HagueMaastricht UniversityRotterdam School of Management, Erasmus University

SwitzerlandLes Roches International School of Hotel Management

United Arab EmiratesNYU Abu Dhabi

JapanTemple UniversityWaseda University

MalaysiaUniversity of Nottingham

South KoreaUniversity of Utah - Asia Campus

Yonsei University-Underwood

Bentley CollegeBerklee College of Music

Boston University x3Brown University x2

Carnegie Mellon University x3Case Western Reserve University

Claremont McKenna CollegeClark University

Cornell University x4Dickinson CollegeEmory University

Georgetown University x2Indiana University, Bloomington

Ithaca collegeMichigan State University

Michigan Technological UniversityNew York University x2

Northeastern University x6Pennsylvania State University

Pratt InstitutePrinceton University

Purdue UniversityRhode Island School of Design x2

Rollins CollegeSan Diego State University

Smith CollegeSyracuse University x2

University of California, Berkeley x2University of California, DavisUniversity of California, Irvine

University of California, Los Angeles x3University of California, Riverside

University of California, San Diego x2University of California, Santa Barbara

University of GeorgiaUniversity of Illinois - Urbana Champaign x9

University of Massachusetts AmherstUniversity of Michigan

University of Michigan, Ann ArborUniversity of OklahomaUniversity of Rochester

University of San FranciscoUniversity of Southern California

University of Pennsylvania x2University of Texas, Austin

University of Virginia x2University of Wisconsin, MadisonUniversity Southern California x3

Washington University, St LouisWesleyan University x2

USA

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A Year in Sport

A Year in ArtsSeoul Foreign School continued to take pride in its reputation for sports in 2017-

18. Competition and curriculum sports Under the leadership of Susan Sell-Haynes our SWEP sports programme thrived. We offered students extra curricular activities for two hours every evening and throughout Saturday mornings.

Seoul Foreign School has long had an impressive reputation and this year was no exception. 2017-18 was a bumper year for our Performing Arts department.

We put on over 40 shows across our three theatres. Performers ranged from 2-18 ande covered every area and class of the school. We showcased choirs, bands, orchestra, jazz ensembles, plays, musicals and nativities.

Major hows included Grease, Bye Bye Birdie, Spamalot and Midsummer Jersey. These performances are made possible thanks to our incredible Performing Arts faculty and a host of volunteers including our Drama Mamas who coordinate costume, hair, make-up and so much more. Lighting, production and stage management are run by John Black with the support of our volunteer student program - Crusader Live.

As well as our major productions we ran Christmas concerts by grade and school; string and full orchestra showcases. Our choirs performed in various guises and we had an amazing Night of Jazz.

We also played host to APAC Dance and the KIMEA MS Honor Band Festival - as well as attending many other competitions and festivals within the Asia region.

In all our theatre staff supported well over 900 performances and bookings. Our facilities were utilised to their maximum and our community afforded many a viewing and listening pleasure.

Super Boys - 1st Boys - Champions Boys - Champions Super Girls - 2nd Girls - Champions Girls - Champions Super Boys - 4th Boys - Champions Boys - 2nd Super Girls - 5th Girls - 2nd Girls - Champions Super Boys - 2nd Boys - 3rd Boys - 3rd Super Girls - 5th Girls - 2nd Girls - 3rd

2017-18 Annual Report - Sports

Fall

Winter

Spring

Sports & Forensics Standings

APAC KAIAC - league KAIAC - tournament

Tennis

Vball

Xcountry

Basketball

Swimming

Cheer Boys - 2nd Boys - Champions Boys - 2nd Girls - 3rd Girls - Champions Girls - Champions Boys - 4th --- --- Girls - 3rd (first APAC medal ever!!!) --- --- --- Boys - 2nd Boys - 2nd --- Girls - Champions Girls - 2nd

Boys - Champions Boys - 2nd Boys - 2nd Girls - 6th Girls - 6th Girls - 4th Boys - 5th --- --- Girls - 3rd --- --- --- --- 2nd

Soccer

Badminton

Swimming

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SEOUL FOREIGN SCHOOLinspiring excellence, building character - since 1912

Thank you for Being Part of the Seoul Foreign School Community

To learn more contactHead of School at colm.flanagan@seoulforeign.orgMarketing Director at jane.forster@seoulforeign.orgAdmissions Director at madeleine.kim@seoulforeign.org