Peninsula College Fund 2015 Annual Report

SUCCESS IN COLLEGE, SUCCESS IN LIFE

Letter From Our Executive Director

Dear PCF Supporters,

We had a very successful 2014-15 fiscal year with a number of accomplishments that we are going to share with you in this annual report. I would like to especially thank all our dedicated volunteers, donors, and the Board of Directors. Each of you have contributed in a unique way to the results. Please know we are appreciative of your continued support. I am very pleased to report that our fiscal year closed on solid financial footing once again, with $517,939 in donations. As you will see in our financials, we are proud that we have grown in every category. Through our Community Engagement Breakfast and our Young Professionals Networking events, we increased the number of individual donors by 68% and tripled the number of corporate donations! This could not have happened without the commitment of supporters like you.

This year we are celebrating PCF’s 10th anniversary. We have grown from the first class of three scholars to a total of 74 PCF scholars this year. Many lives have been changed over the past ten years. We expect to grow the number of scholars and expand geographically to have an even greater impact over the next ten years.

In closing, I would like to highlight the accomplishments of two of our PCF alumni. First is Daniel Valencia, who is our first alum to be accepted into medical school, and second is Lara Tovar, who is our first alum to attend law school. They are just a couple examples of our 51 graduates who are pursuing promising careers and graduate programs. Please celebrate with us, as you have directly contributed to their success!

Warm regards,

Phillip Powell, Executive Director

Table of Contents

Letter from our Executive Director 1

2015: Year at a Glance 2

Making a Difference 2

Telling our Story 3

Financials 4

Staff and Board Members 5

Investing in 2016 6

Thanks to our Donors 7-8

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A Year at a Glance

December 2014 - Conducted a Networking Event & Holiday Social

June 2015 - Award Ceremony. PCF celebrated 11 graduates and welcomed 20 new PCF scholars into the program

July 2014 - Completed a successful College Success Weekend.

November 2014 - Hired an Internship Director funded by the Packard Foundation and Palo Alto Community Fund

January 2015 - Hired a new Executive Director

Spring 2015 - Completed the selection of new mentors and scholars

Spring 2015 - Conducted a very successful SV Gives campaign and Young Professionals Event

Making a Difference

✦ 90% of PCF scholars have graduated or are working toward matriculation. This is exceptional, given that the projected six year degree completion rate for first-generation low-income students enrolled in a four year college is 31.6%. (Pell Institute Report, 12/14/2011)

✦ For the past two years, PCF freshman had a 100% first-year persistence rate. Studies show that freshman year outcome is critical for first-generation students, who are twice as likely to leave college after their first year compared to students whose parents have a bachelor’s degree.

✦ For the 10th year, PCF has ended its fiscal year in financial health, including a restricted reserve fund to cover significant scholarship commitments.

✦ To provide increased capacity and financial stability, we launched a campaign in FY15 to match every new scholar with a four-year scholarship commitment. For the first time, all 20 of our 2015 PCF scholars have four-year funding pledges.

✦ More than $1.5 million in scholarships has been committed to date.

✦ The Packard Foundation and the Palo Alto Community Fund provided grants to fund a new position of Internship Director to allow greater focus on the transitioning to careers after graduation.

✦ We now have 51 college graduates and an active Alumni Association. PCF is helping to spread a culture of college completion in the mid-Peninsula communities we serve.

✦ Santa Clara University joined 7 private colleges in California who have committed to provide scholarship funds of $5,000+ per year to PCF Scholars who are accepted into their school.

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Telling Our Story

The Peninsula College Fund puts the missing pieces together to help low-income, first-generation college students reach the college graduation finish line. Our innovative and highly effective program helps ensure that our scholars succeed where others falter. We provide four-year scholarships, one-to-one adult mentors, college and career success training, and summer internship placements and stipends. Together, these resources make college more affordable, and help our scholars successfully navigate the journey to graduation and a career.

“PCF offers way more than just a scholarship. It not only helps you with college tuition, it provides you with many opportunities such as networking, career exploration, mentorship, career preparation, education planning, and a supportive system.”

- Rossmeri Ramirez (PCF Student)

“Peninsula College Fund has given me the opportunity to go to college and follow my passion. I'm very grateful to them for the financial help along with the mentoring services offered throughout my college experience. No other scholarship offers their students mentoring and aid throughout college. This is a great program designed to help passionate and motivated students reach their dreams. I am very proud to be a part of the PCF family.”

- Pierre Abdel-Malek ( PCF Student)

“I’ve been a mentor to a student at San Francisco State for the past 3 years. Thanks to his own drive and talents and to PCF’s support, he is well on his way to becoming his family’s first college graduate. Along the way, he has changed my life for the better in innumerable ways.”

- Doug Tudor (PCF Mentor)

“PCF is a great organization with an inspiring mission. Being the first in my family to attend a four year institution, I lacked the academic guidance necessary because my mother doesn't have the experience to support me in that way. The mentors that are provided are there to help their students with that transition and answer those unnerving questions.”

- Araceli Castaneda-Ramirez (PCF Student)

"As a first-generation college student myself, I wish I would have had a program like PCF to help me through all the challenges I faced. It really means a lot to me to be able to give back and offer support to students who are working hard, against lots of tough odds to educate themselves, achieve career success and give back to their communities.”

- Kathy Cordova (PCF Mentor)

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Financials (July 2014 - June 2015*)

2015 By The Numbers

74 Current Students

Served

51 Graduates

90% Graduated or On

Track to Graduate

$518,000 2015 Operating

Budget

136 Total Students

Served

0

50

100

150

200

250

300

Individual Foundations Corporations

# of Donors

0

50,000

100,000

150,000

200,000

250,000

300,000

Individual Foundations Corporations2014 2015

Donor Contributions

500,000

505,000

510,000

515,000

520,000

517,877517,939

RevenueExpenses

Revenue vs. Expenditures

10%

17%

73%

Program ExpensesFundraising ExpensesGeneral Administrative Expenses

Operational Expenditures

* Financial data is provided prior to the completion of the 2015 Financial Statement by our outside accounting firm.

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Staff

(l-r, Teon Robinson, Iris Bustos, Denise Villamil, Phillip Powell)

Phillip Powell Executive Director

Teon Robinson Program Coordinator

Iris Bustos Program Coordinator

Denise Villamil Director of Internship Program Services

Board Members

Charles Schmuck, Board Chair & Founder Retired teacher and advertising executive

Michelle Soto, Treasurer Wealth Advisor for Bingham, Osborn & Scarborough

Melissa Sandoval, Secretary ERS Consultant at Deloitte & Touche LLP

Sheldon Bernard Mergers & Acquisitions at Intel Corporation

Asha Guha President of the Board of Directors for Palo Alto Partners in Education (PiE)

Eric Hartwig Retired Superintendent of the Las Lomitas Elementary District

Venkat IyerVice-President of Product Management for Industry Cloud Solutions at SAP Labs

W. Scott Lohmann Head of Sales at ActivityHero

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If you are interested in learning more about volunteer opportunities or wish to make a donation, please visit our website, www.penisulacollegefund.org

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Investing in 2016

You are needed to keep the momentum going strong in to our current year. Dedicated volunteers and financial resources are critical to the success of the PCF Scholar Program, and the rewards for your investment are enormous. For each graduate, the transformation ripples outward to their families and community, and inter-generationally to break the poverty cycle for good.

EVERYONE CAN GIVE! GIVE TIME – Volunteer as a mentor. Provide advice, support, information, role modeling, and networking opportunities to our talented scholars.

GIVE TALENT- Share your expertise in a student workshop. Assist our staff with providing top-quality workshops to our scholars on topics such as time-management, academic planning, personal budgeting, interviewing skills, and the like.

GIVE OPPORTUNITY – Offer a summer internship in your workplace. If your business is looking for bright, poised, ambitious interns from the local community, PCF is a great place to start.

GIVE GENEROUSLY!

✦ $50 Helps defray the cost of dorm life ✦ $100 Makes the purchase of textbooks possible ✦ $250 Funds scholar networking events ✦ $500 Underwrites a resume and interviewing skills workshop ✦ $1000 Supports a year of college and career success workshops for a scholar ✦ $1500 Provides a career-ladder internship ✦ $3000 Funds one year of a four-year $12,000 scholarship ✦ $5000 Sponsors wrap-around programs & scholarship for a scholar for 1 year ✦ $5000 x 4 Founder’s Circle pledge to sponsor a scholar for all 4 years

This report provides an opportunity for us to thank everyone who has been engaged in PCF, especially during this past year. We enthusiastically look ahead to this coming year, with the goal of adding our largest class of new scholars yet in May, 2016. A huge thanks to our amazing PCF community!

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Sobrato Center for Nonprofits - Redwood Shores 330 Twin Dolphin Drive, Suite 131

Redwood City, CA 94065

info@peninsulacollegefund.org (650) 779-5000

501(c)3 Nonprofit Tax ID# 26-4293269