Handel and Haydn Society

Transcription

1 Handel and Haydn Society General Information 9 Harcourt Street Boston, MA (617) Website Organization Contact Mike Peluse mpeluse@handelandhaydn.org Year of Incorporation

2 Statements & Search Criteria Mission Statement The Handel and Haydn Society s mission is to enrich life and influence culture by performing Baroque and Classical music at the highest levels of artistic excellence, and by providing engaging, accessible, and broadly inclusive music education and training activities. H+H s Period Instrument Orchestra and Chorus present live and recorded historically informed performances of this repertoire in ways that stimulate the musical and cultural development of our Greater Boston community and contemporary audiences across the nation and beyond. Background Statement The Handel and Haydn Society was founded in Boston on March 24, 1815, by a diverse group of working class citizens, merchants, musicians, and professionals, dedicated to promoting the love and performance of choral music. By establishing H+H under the joint patronage of Handel ( ) and Haydn ( ), the founders proclaimed their commitment to the great music of the past and present. H+H gave its first concert on Christmas Day 1815, at King s Chapel, with a chorus of 100. In 1818, H+H gave the American premiere of Handel s complete Messiah, and, in 1819, the American premiere of Haydn s complete Creation. H+H s publishing ventures, in the 1820s 40s, advanced the cause of quality, accessible music by putting inexpensive editions into the hands of church choirs and amateur musicians all along the East Coast. By publishing oratorios, as well as performing them, H+H further contributed to their dissemination and place in the standard repertory. Throughout the mid- to late 19th century, H+H gave American and Boston premieres of countless large-scale works by great and now-neglected composers. In 1892, it gave the world premiere of Amy Beach s Mass in E-flat, the first mass written by an American woman. H+H also participated in public and state ceremonies, presidential memorial services, and benefit concerts for causes ranging from the Union Army to victims of the Chicago Fire. In 1967, Music Director Thomas Dunn turned H+H s large amateur chorus into a professional ensemble and introduced Baroque vocal technique. Christopher Hogwood, a pioneer of the historically informed performance movement, succeeded Dunn in 1986, and introduced period instruments. He transformed H+H into a leading period ensemble, led its Lincoln Center and European debuts, and initiated unique artistic collaborations. Under Music Director Grant Llewellyn ( ) and advisor Sir Roger Norrington ( ), H+H made its BBC Proms debut, earned a Grammy, and had two Billboard top 10 albums. Since Artistic Director Harry Christophers, world-renowned choral and period performance expert, arrived in 2009, H+H has achieved tremendous artistic growth and is known as one of the nation s preeminent period ensembles and finest professional choruses. 2

3 Impact Statement Accomplishments 1. Leveraged Bicentennial to reach a broad and diverse cross-section of the Greater Boston community. The celebration has inspired critical praise and featured coverage from the international press. The New York Times called it an anniversary genuinely worth toasting. As part of the celebration, H+H released a book; opened an exhibition at the Boston Public Library, attracting over 45,000 visitors from around the globe; commissioned and premiered a work from American composer Gabriela Lena Frank; and gave a free, open air, performance of Beethoven s Symphony No. 9, reaching 6,000 people. 2. Tremendous artistic growth and ambitious programming since Harry Christophers became Artistic Director in Features in The Boston Globe, The New Yorker, The Wall Street Journal, The New York Times, Los Angeles Times, and Gramophone (UK). Dubbed the "best chorus in New England" (The Hub Review [Boston]). 3. Strong H2 Young Professionals initiative: 30% of total audience is ages H2 is known among Boston arts organizations as a successful model for engaging new and younger audiences. 4. H+H reaches a worldwide audience through its ambitious recording projects. Six recordings released on the CORO label since Steady financial health. Balanced FY11-FY15 budgets with modest surpluses after depreciation. Goals 1. Achieve a global reputation as America's preeminent, most innovative and forward-thinking period ensemble. 2. Broaden audience demographics to reflect the community's diversity while reaffirming H+H's historical legacy and impact on the country's cultural development. 3. Education people of all ages to develop future generations of Baroque and Classical music audiences and performers. Provide engaging and accessible music training programs and be a resource for professional development. 4. Employ new media and digital means for both community engagement and global music distribution. 5.Be a model of nonprofit best practice and sustainability. Needs Statement For 200 years, H+H has enriched the cultural landscape of Greater Boston through music making and music education. The continued strategic growth of H+H s artistic and education programming requires: 1. Education Program growth is grounded in H+H s commitment to making its programming accessible to all students in the Greater Boston area. Funding supports: Scholarships for students participating in the Vocal Arts Program, a rigorous, out of school vocal training program. Free, age-appropriate, in-school performances that introduce students to classical music. Collaborative Youth Concerts, a program that brings high school choruses together to perform in their communities and at Symphony Hall. Expansion of work in the Boston Public Schools, which provides year-long, sequential, music classes to elementary schools that cannot otherwise offer music education 2. Audience Development is a critical to H+H s ongoing success. Funding supports strategies to retain existing audience members and reach new audiences as the face of Boston becomes younger and more diverse. 3. Endowment growth to support expanded operations and flexible programming, and to provide diversified sources of operating revenue in times of economic volatility. Service Categories Music Performing Arts Arts Education 3

4 Geographic Areas Served New England 2,700 annual subscribers 18,000 single-ticket buyers 25,000 radio and online listeners (99.5 WCRB) 10,000 students reached through the Karen S. and George D. Levy Education Program National/Global 400,000 radio and online listeners (National Public Radio, American Public Media) Additional concert goers reached through an active touring schedule including performances this season in California, Montreal, and Washington, D.C. Please review online profile for full list of selected areas served. 4

5 Programs Season Description H+H s 201st season, Artistic Director Harry Christophers seventh, comprises 19 concerts at Symphony Hall, Jordan Hall, and Sanders Theatre. It opens with Mozart s Requiem and includes Handel s Messiah, a Boston holiday tradition. The season also includes Holiday Sing, a family friendly concert featuring H+H s youth choruses; Bach s powerful St. John Passion; and Handel s dramatic Saul, which H+H has not previously performed in its entirety, and will feature internationally renowned soloists, H+H s professional chorus and period orchestra, and H+H youth singers. Budget Category Arts, Culture & Humanities, General/Other Musical Performances Population Served General/Unspecified,, Program Short Term Success H+H s artistic goals and intended outcomes each season are to: Engage audiences in dramatic and artistically outstanding interpretations of Baroque and Classical music, making each concert a unique experience and H+H a destination. Challenge the standards of classical music in terms of venue, format, and time, and juxtapose music with other arts forms to enhance live concert experiences. Approach programming with an educational perspective to deepen audiences understanding and appreciation of the music and increase community learning and participation. Employ media and technology that increase accessibility to programming and allow audiences to curate their own experiences. Promote emerging talent alongside established artists, honoring a legacy of artistic development and making H+H a destination for musicians. 5

6 Program Long term Success H+H, considered the country s oldest continuously performing arts organization, is approaching its Bicentennial in Throughout its 200-year history, it has consistently demonstrated its commitment to artistic excellence, integrity, and innovation. With Artistic Director Harry Christophers appointment in 2008 (tenure began 2009), H+H entered a new era of artistic excellence and recognition. Christophers has since achieved tremendous growth and has ambitious plans for H+H, and his potential for long-term success is widely recognized: Onstage, [Harry Christophers] has what it takes to inspire the Society s fine musicians. (Barbara Jepson, The Wall Street Journal) Clearly Mr. Christophers has successfully completed the next step in his artistic mission at Handel and Haydn. We can't wait for the rest of the journey. (Tom Garvey, The Hub Review) Mr. Christophers contract was extended through the season, ensuring consistent artistic leadership through H+H s Bicentennial. Program Success Monitored By Indicators of success Concert attendance Ticket revenue Patron acquisition and retention rates Diversity of patron ethnicities, ages, income levels, and geographies Broadcast listenership Press coverage and acclaim (regional, national, international) Social media activity Contributed revenue; Board recruitment and volunteering; event participation Education/outreach program participation: size and diversity of constituency; social media engagement; progression from education/outreach program participants and families to concertgoers to donors Tools to measure progress Formal and informal audience feedback collection (e.g., atconcert and online surveys; social media monitoring; direct feedback via personal communication) Sales trends and revenue analyses Detailed audience demographic profiles generated with TRG Arts (national consultant) data analysis tools Educational and outreach programming feedback collection (from students, families, educators, and community leaders) 6

7 Examples of Program Success Audience Development New attendees: 3,456 households (21% of 15,548 total attendees) Subscriber retention rate: 80% Young demographic: 30% audience ages Critical Acclaim Inarguably the finest Messiah of Harry Christophers tenure Christophers has brought the H&H chorus to a sublime peak. In fact I d argue there s no finer chorale in Boston at the moment; some are larger, of course, but none can boast the interpretive subtlety and expressive precision that is now the standard at H&H. - The Hub Review (Tom Garvey), 12/13/14 We should be grateful, though, that we have organizations such as H+H and the powerful direction of Aisslinn and Harry Christophers. Music making such as we heard on Halloween can only result in an increased appetite for such experiences and perhaps to further development of the movement. Let s hope so. - The Huffington Post (Tony Woodcock), 11/6/14 Christophers conducted with a firm sense of the music s theatricality, taking time to shape phrases through various shades of dynamics and occasional accents. The orchestra, following his every move, delivered playing of stirring energy. - Boston Classical Review (Aaron Keebaugh), 1/24/15 Plenty of musicians talk about reinvigorating familiar works; this performance the product of a marvelously precise orchestra and a conductor willing to make creative use of it was the rare outing that achieved it. - The Boston Globe (David Weininger), 2/14/15 7

8 Karen S. and George D. Levy Education Program Description Vocal music education for 10,000 children throughout eastern Mass. Components: Vocal Arts Program (VAP): Choral program for 175 students (grades 3 12) from over 50 communities. Includes six choruses, music theory lessons, and High School Soloists, a preprofessional vocal training program. Collaborative Youth Concerts (CYC): 8 public high school choruses perform works with H+H s Guest Conductor and professional musicians. Students perform in schools, bringing music to students home communities, and on-stage at Symphony Hall, opening one of H+H s subscription series concerts. Music Literacy in Boston Public Schools: Year-long, sequential instruction in low-income elementary schools without resources to provide music education. In-School Performances: Professional vocal quartet and pianist give over 50 educational performances and lessons each year, at no cost to schools, for students in grades K 12 in nine districts. Budget Category Population Served Program Short Term Success Arts, Culture & Humanities, General/Other General Arts Education K-12 (5-19 years), At-Risk Populations, Families Overall Education Program Strategically grow the number of students reached in all areas of the Education Program. Increase the percentage of diverse students reached. Increase the percentage of low-income students reached. Vocal Arts Program Maintain the percentage of VAP students receiving free or reduced tuition at approximately 50%, even while growing the overall number of participating students. Maintain the percentage of VAP seniors who graduate high school at 100%. Maintain the percentage of VAP seniors who enroll in college or conservatory at 95% or higher. Increase the percentage of VAP seniors who major in music or attend conservatory from 32% to 33%. 8

9 Program Long term Success H+H s education program, founded in 1985, has engaged Massachusetts youth through music for nearly three decades. The school year is the 22nd anniversary of the Vocal Arts Program, which was established in 1994 in response to expressed community need for choral training and performance activities for students. Long-term goals and outcomes Provide children in Greater Boston with equal access to learn about and perform classical music, targeting highly diverse as well as low-income communities. Give children a sense of purpose, pride, and accomplishment. Develop mental discipline and analytical skills that apply to other academic fields. Program Success Monitored By H+H s education program is planned, implemented, and monitored by senior staff and the Education Committee of the Board. H+H surveys students and classroom teachers who see the Vocal Quartet, collects data and feedback from school chorus directors whose students sing in Collaborative Youth Concerts, and surveys VAP students and parents. VAP faculty monitor students progress and provide year-end written evaluations. H+H keeps contact with VAP graduates to track long-term outcomes and student successes. H+H also invests in independent evaluation. The Leadership and Learning Foundation conducted an independent evaluation in 2012 and Dr. Sandra Nicolucci, Professor of Music Education at Boston University, conducted an independent evaluation in Examples of Program Success School Year: Overall Education Program Increased the number of students participating: VAP enrollment increased from 157 to 168. CYC participation increased from 386 to 395 Boston Public School Partnerships students increased from 212 to 348 Maintained the number of school visits by H+H s Vocal Quartet. Increased percentage of low-income students participating in H+H s Education Program from 61% to 71% Increased percentage of students from diverse ethnic backgrounds from 61% to 75% School Year: Vocal Arts Program Increased VAP enrollment from 157 to 168 students Increased the percentage of students receiving financial aid from 48% to 49% Increased the percentage of students from diverse ethnic backgrounds from 50% to 57% 100% of VAP seniors graduated from high school and 100% enrolled in college or conservatory. Increased the percentage of VAP seniors majoring in music or attend conservatory from 30% to 32%. 9

10 Program Comments CEO Comments 10

11 Management CEO/Executive Director Executive Director Mr. David Snead Term Start Oct Experience David Snead joined H+H as the President and CEO in October Previous to this appointment, David was the Vice President of Marketing, Brand and Customer Experience for the New York Philharmonic. Prior to arriving at the Philharmonic in 2001, David led the marketing programs of the Pittsburgh Symphony, Guthrie Theater, Milwaukee Symphony and Hartford Symphony; he has also served as Associate Marketing Director of the Minnesota Orchestra, General Manager of the Richmond Symphony, and Executive Director of the Eastern Connecticut Symphony. Snead has served as a faculty member for the League of American Orchestras Essentials of Orchestra Management, and was the lead faculty member for its Introduction to Orchestra Marketing seminars. He co-taught the League s Executive Leadership Program for Marketing and Development Professionals, as well as its Patron Growth seminars. He is a regular lecturer at New York University and Drexel University, and has taught at the Juilliard School, the Manhattan School of Music, Carnegie Mellon University, and St. Olaf College. He has presented at conferences of the Association of British Orchestras; the Association of French Orchestras; the Association of Nordic Orchestras; the Association of Dutch Orchestras, Theaters and Dance Companies; Opera America; the Australian Council for the Arts; the League of American Orchestras; and at the National Arts Marketing Conference. He is the author of Subscribe Now: 30 Years Later, which appeared in Symphony Magazine, Arts Reach, and American Theater. Senior Staff Clifford Rust Title Director of Finance and Administration Experience/Biography Ira Pedlikin Title Experience/Biography Director of Artistic Planning and Education Ira Pedlikin joined the Handel and Haydn Society in He oversees the artistic aspects of all of H+H s artistic and educational programming. From , he was an Associate Manager, Attractions and Associate, Program & Travel at International Creative Management in New York. Prior to joining H+H, he was the Artist Coordinator of Symphony Center Presents at the Chicago Symphony Orchestra. He earned a Bachelor of Arts with honors from Brown University. 11

12 Mike Peluse Title Director of Development Experience/Biography 12

13 Harry Christophers CBE Title Artistic Director 13

14 Experience/Biography The Season marks Harry Christophers fifth as Artistic Director of the Handel and Haydn Society. Appointed in 2008, he began his tenure with the Season and has conducted Handel and Haydn each season since September 2006, when he led a sold-out performance in the Esterházy Palace at the Haydn Festival in Eisenstadt, Austria. Christophers and H+H have since embarked on an ambitious artistic journey that began with the Season with a showcase of works premiered in the United States by the Handel and Haydn Society over the last 199 years, and the release of the first three of a series of recordings on CORO leading to the 2015 Bicentennial. Christophers is known internationally as founder and conductor of the UK-based choir and period instrument ensemble The Sixteen. He has directed The Sixteen throughout Europe, America, Australia, and the Far East, gaining a distinguished reputation for his work in Renaissance, Baroque, and 20th-century music. In 2000, he instituted the Choral Pilgrimage, a tour of British cathedrals from York to Canterbury. He has recorded over 100 titles for which he has won numerous awards, including a Grand Prix du Disque for Handel Messiah, numerous Preise der Deutschen Schallplattenkritik (German Record Critics Awards), the coveted Gramophone Award for Early Music, and the prestigious Classical Brit Award (2005) for his disc entitled Renaissance. In 2009, he received one of classical music s highest accolades, the Classic FM Gramophone Awards Artist of the Year Award. The Sixteen won the Baroque Vocal Award for Handel Coronation Anthems, a CD that also received a 2010 Grammy Award nomination. Christophers is Principal Guest Conductor of the Granada Symphony Orchestra and a regular guest conductor with the Academy of St. Martin in the Fields. In addition to performing on the concert stage, he continues to lend his artistic direction to opera. In 2006, Mozart s anniversary year, he conducted Mozart s Mitridate for the Granada Festival, and after outstanding success at Buxton Opera in past seasons, he returned in 2012 to conduct Handel s Jephtha. Previous productions include Mozart s Die Zauberflöte and Purcell s King Arthur for Lisbon Opera, Monteverdi s Poppea, Gluck s Orfeo, and Handel s Ariodante for English National Opera, and the UK premiere of Messager s Fortunio for Grange Park Opera. Christophers is an Honorary Fellow of Magdalen College, Oxford, and also of the Royal Welsh Academy. In October 2008, he was awarded an Honorary Degree of Doctor of Music from the University of Leicester. He received a CBE (Commander of the Order of the British Empire) from the Queen of England in 2012 for services to music. 14

15 Emily Yoder Reed Title Experience/Biography Director of Bicentennial and Community Engagement Emily Reed joined the Handel and Haydn Society in 2007, most recently serving as Assistant Director of Development. As Director of Bicentennial and Community Engagement, effective May 2013, she is producing all aspects of the Bicentennial and overseeing H+H s community-based programming, partnerships, and diversity and inclusion efforts. While overseeing all aspects of H&H s Annual Fund and special events, her work transformed the Development department s operations and contributed to a 35% increase in contributed revenue, and she more than doubled the net income from H+H s annual gala fundraiser, to more than $250,000. Prior to joining H&H, she held positions at the Philadelphia Orchestra, Bravo Vail Valley Music Festival, and Music from Angel Fire. For more than a decade, she has mentored high school youth and created opportunities for them to engage with diverse communities throughout the country. She earned a BS in business administration and a BA in music from Bucknell University, and an MS in arts administration from Boston University. Staff Information Full Time Staff Part Time Staff Volunteers Contractors Staff Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 1 Caucasian 23 Hispanic/Latino 2 Native American/American Indian 0 Other 0 Staff Demographics - Gender Male Female Unspecified

16 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency NonManagement Formal Evaluation Non Management Formal Evaluation Frequency Annually Annually Annually Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers Date Strategic Plan Adopted Oct 2012 Does your organization have a Business Continuity of Operations Plan? Management Succession Plan? Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Directors and Officers Insurance Policy Is your organization licensed by the Government? Registration Permit? 5 No No No Awards Awards Award/Recognition Organization Year Grammy Award American Classical Music Hall of Fame National Academy of Recording Arts and Sciences American Classical Music Hall of Fame

17 Board & Governance Board Chair Board Chair Mr. Carl Kester Company Affiliation Harvard Business School Term Sept 2015 to 0 ckester@handelandhaydn.org Board Members Name Affiliation Status Carolyn Aliski Retired, Real Estate Development Non Amy S. Anthony Martha Hatch Bancroft Executive Director & President, Preservation of Affordable Housing, Inc. Art Director, Weston Public Schools Richard D. Batchelder Jr. Partner, Ropes & Gray LLP Leo L. Beranek Nancy Bradley Mary Briggs Founder, Bolt, Beranek & Newman Exofficio Director, Massachusetts Family Institute Community Volunteer Julian G. Bullitt President, Zink Imaging, Inc. Miguel Canizares Fidelity Management and Research Company Jane Carlson Gilmore, Rees & Carlson Non Louise Cashman Arts Advocate & Volunteer John S. Cornish Financial Diligence Networks, LLC Russell V. Corsini Jr. Director (retired), Deloitte Robert Cotta Linea 5 Julia D. Cox Financial Consultant Willma H. Davis Elizabeth Davis Senior Managing Director (retired), John Hancock Financial Services Retired, Digital Equipment Corporation Non Thomas B. Draper Partner, Ropes & Gray LLP David Elsbree Todd Estabrook Retired Partner, Deloitte & Touche LLP Chief Marketing Officer, Commonwealth Financial Network Sylvia Ferrell-Jones President & CEO, YWCA Boston Deborah S. First Communications Consultant Joseph M. Flynn Christina M. Frangos Associate Attorney Vice President, Howland Capital Management, Inc. Mintz Levin Exofficio Howard Fuguet Of Counsel, Ropes & Gray LLP 17

18 John W. Gerstmayr Partner, Ropes & Gray LLP Non Nicholas Gleysteen Nancy Hammer Senior VP, Portfolio Manager, Hellman, Jordan Management Co. Director of Human Resources, Peabody Essex Museum Roy A. Hammer Hemenway & Barnes Suzanne Hamner Retired Professor, Northeastern University Frederick Ilchman Museum of Fine Arts Non Paul V. Kelly Prof. W. Carl Kester Mark A. King Software Engineer, EMC Corporation Professor & Deputy Dean for Academic Affairs, Harvard Business School Senior Partner, Back Bay Life Science Advisors Claire Laporte Foley Hoag, LLP Non Karen S. Levy Education Specialist Winifred I. Li Partner, Ropes & Gray LLP Laura Lucke Arts Advocate & Volunteer Non Peter G. Manson Fundraising Consultant Kathleen McGirr Human Resources Consultant James F. Millea Partner, Holland & Knight LLP Anthony T. Moosey Dr. Stephen Morrissey Mary Nada Michael Oliveri Associate, Daly, Crowley, Mofford & Durkee LLP Managing Editor, New England Journal of Medicine Retired Social Worker, Boston Public Schools Senior Associate, PricewaterhouseCoopers Dr. Winifred B. Parker Physician Prema Popat Carolyn Pope Massachusetts Health Insurance Exchange Community Volunteer and Arts Advocate Non Catherine Powell Principal, Abakas Judith Lewis Rameior Arts Advocate & Volunteer Brenda Gray Reny Alice E. Richmond Chief Operating Officer, Daintree Advisors LLC Partner, Richmond, Pauley & Ault LLP Robin R. Riggs LW Robbins Timothy C. Robinson George Sacerdote Retired Senior Vice President, Little, Brown and Company President & Owner, Sacerdote & Co., Inc. Exofficio Non Emily F. Schabacker Retired Insurance Executive Robert H. Scott Management Consultant 18

19 Prof. Michael S. Scott Morton Richard F. Seamans Professor Emeritus, Sloan School of Management, Massachusetts Institute of Technology Founder and Managing Partner, Seamans Capital Management LLC Robert N. Shapiro Partner, Ropes & Gray LLP Barbara Stedman Retired Non Susan M. Stemper Jeffrey S. Thomas Nancy B. Tooke Wat H. Tyler Managing Director, Pearl Meyer & Partners Chief Investment Officer, Atlantic Trust Pell Rudman Vice President, Portfolio Manager, Eaton Vance Investment Managers Former Owner & CEO, IPS Corporation Cecily Tyler Multimedia Consultant Judith Verhave Thomas J. Watt Global Head of Compensation, Bank of New York Mellon Consultant, Affordable Housing Industry Elizabeth P. Wax Artist & Community Volunteer Susan Weatherbie Manager of Estate and Trust Administration (retired), Choate, Hall & Stewart LLP Kathleen W. Weld Music Educator Janet P. Whitla Former President, Education Development Center Exofficio Jane Wilson Book Conservator Non John Winkleman Retired, AIPSO Non Jean Woodward Conservator of Paintings, Emerita, Museum of Fine Arts, Boston Christopher R. Yens Principal, South End Associates Dr. Laima Zarins Harvard University Health Services Board Demographics - Ethnicity African American/Black Asian American/Pacific Islander Caucasian Hispanic/Latino Native American/American Indian Other Middle Eastern Board Demographics - Gender Male Female

20 Unspecified 0 Board Information Board Term Lengths Board Term Limits Number of Full Board Meetings Annually Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions Constituency Includes Client Representation No 100% Standing Committees Executive Nominating Development / Fund Development / Fund Raising / Grant Writing / Major Gifts Finance Education Personnel Investment Strategic Planning / Strategic Direction Audit Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala) Diversity & Inclusion Planned Giving Young Professionals Facilities Ambassadors Capital Campaign Comments CEO Comments Complete list of Board committees and task forces: Committees Executive Nominating and Governance Development Finance Capital Campaign Bicentennial Education 20

21 Gala Personnel Investment Task Forces Strategic Planning Diversity and Inclusion H2 Young Professionals Ambassadors Planned Giving Audit Facilities 21

22 Financials Fiscal Year Fiscal Year Start July 01, 2015 Fiscal Year End June 30, 2016 Projected Revenue $5,226, Projected Expenses $5,181, Endowment? Endowment Value $ Spending Policy Percentage Percentage 4% Credit Line? Reserve Fund? Months Reserve Fund Covers 2 Detailed Financials Revenue and Expenses Fiscal Year Total Revenue $6,664,791 $7,647,288 $3,617,988 Total Expenses $4,281,883 $3,646,242 $3,257,693 Revenue Sources Fiscal Year Foundation and Corporation -- $313,769 $260,002 Contributions Government Contributions $123,555 $23,350 $31,150 Federal $10,000 State -- $18,200 $17,600 Local -- $5,150 $3,550 Unspecified $123, Individual Contributions $3,985,016 $5,005,555 $1,663,019 Indirect Public Support Earned Revenue $1,581,725 $1,502,443 $1,447,209 Investment Income, Net of Losses $602,317 $424,434 ($124,764) Membership Dues Special Events $231,799 $255,898 $215,335 Revenue In-Kind Other $140,379 $121,839 $126,037 22

23 Expense Allocation Fiscal Year Program Expense $2,935,341 $2,534,506 $2,270,182 Administration Expense $780,174 $656,281 $602,754 Fundraising Expense $566,368 $455,455 $384,757 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 69% 70% 70% Fundraising Expense/Contributed Revenue 13% 8% 18% Assets and Liabilities Fiscal Year Total Assets $11,026,444 $8,536,019 $4,463,169 Current Assets $3,460,544 $2,335,259 $905,503 Long-Term Liabilities $0 $0 $0 Current Liabilities $885,542 $778,025 $706,221 Total Net Assets $10,140,902 $7,757,994 $3,756,948 Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets 0% 0% 0% Top Funding Sources Fiscal Year Top Funding Source & Dollar Amount Second Highest Funding Source & Dollar Amount Third Highest Funding Source & Dollar Amount Capital Campaign Currently in a Capital Campaign? Campaign Purpose Capital Campaign: 1) Strategic initiatives; 2) Bicentennial activities; and 3) Endowment growth. Goal $ Dates Oct 2012 to June 2016 Amount Raised To Date $ as of 0 Capital Campaign Anticipated in Next 5 Years? No Comments CEO Comments Total revenue for the prior fiscal years includes the total of unrestricted (operating) and temporarily restricted (endowment) revenue. While the spending a policy allows for drawing up to 4% of the endowment, H+H does not generally budget income from endowment returns all temporarily restricted revenue is unrealized, and H+H s effective operating budget includes only unrestricted revenue. Total revenue for the current fiscal year represents only unrestricted revenue, and 23

24 therefore H+H s effective operating budget it does not include projected investment income. Foundation Staff Comments Financial summary data in the charts and graphs above are per the organization's audited financials, with additional revenue breakout detail provided by the organization. Per the organization: The marked increase in fiscal year 2013 revenue reflects funds designated for strategic plan implementation, Bicentennial activities, and endowment growth. Created Copyright 2017 The Boston Foundation 24