Today’s
Children are
Tomorrow’s
Hope
Annual Report 2015
Annual Report 2015
Honorary Board
Alfonse M. D’Amato
Daniel Denihan
James Riley Jr.
Chairman of the Board
Lewis S. Ranieri
Vice Chairs of the Board
Richard Conniff
Frank Liantonio
Christopher Tully
Treasurer
Joseph Young
Secretary
Maureen T. Scaduto
Board of Directors
Board of Regents
Paul F. Amoruso
Drew Bogner
Most Rev. Robert J. Brennan
Sister Joanne Callahan, OSU
Robert B. Catell
Paul Clagnaz
Patrick Curtin
John A. Danzi
Kathleen Deegan Dickson
Stephen DeSimone
Michelle DiBenedetto
Joseph Frabrizi
Kathleen M. Giamo
Mary Ryan Gonzalez
James Hermann
Rick Lazio
Kevin Lessing
Randy Manning
Frank P. Marzano
F.J. McCarthy, CCIM
Michael McCarthy
Most Rev. William Murphy
William J. O’Brien
Peter Quick
Salvatore Restivo
Daniel A.Rizzi
Theresa E. Sanders
Brian T. Shea
Bernadette Casey Smith
Salvatore R. Sodano
Michael Stafford
Peter D. Tamsen
Edward Travaglianti
Glenn Tryanski
David Winchester
Carolynn Lucca Black
Philip D’Avanzo
Thomas Grech
Dennis Harrington
Edward Kenna
Marguerite Kircher
Kevin Laurie
David Lynch
Gregory Masone
Louis Mastrianni
David McKelvey
Frank A. Melaccio
Thomas Scaturro
Michael Spinelli
Staff Members
Kathryn J. Bill
Maria L. DiMatteo
Meaghan E. Kelly
Ryan Sheehan
Allison M. Strack
Lewis S. Ranieri
A Message from Our Chairman
On behalf of the Board of Trustees, I would like to thank all of our dedicated constituents
for their most generous support of Tomorrow’s Hope Foundation in 2015. This has been
a celebratory year for the Foundation as we commemorate our 10th Anniversary; I invite
you to share in our reflection of the past ten years and to be part of our hopes for the
decade to come.
It is with your continued generosity and support that we are able to fulfill our vital mission
and provide the opportunity for Long Island families in need to choose Catholic elementary
education for their children. This year, with your help, Tomorrow’s Hope Foundation has
proudly served over 1,700 students providing $1.6m in tuition assistance and school aid.
I am happy to report that in the ten years that the Foundation has been established we
have raised nearly $20m and helped over 17,000 students. I know my late wife Peg, one
of the founding members of the Foundation, and a true believer in the merits of Catholic
elementary education, would be elated with the continued commitment of our donors to
the mission she believed in so passionately. We are truly blessed to serve the Long Island
community, and look forward to continuing our good work.
As we look toward this next decade, we hope to strengthen our endowment, develop a
stronger relationship with the corporate and foundation communities, and enhance our
public awareness, all in the hopes of nurturing “our” children with strong spiritual values
in preparation for life’s journey. After all, Today’s Children are Tomorrow’s Hope.
Lewis S. Ranieri
Chairman of the Board
Tomorrow’s Hope Foundation
1
History and Mission
of Tomorrow’s Hope Foundation
T
he mission of Tomorrow’s Hope Foundation is to ensure the excellence as well as the
continuance of Catholic elementary schools on Long Island by increasing awareness and by
providing scholarship and program funding for the needs of students and schools.
In January 2004, Bishop William F. Murphy and former Superintendent of Schools and current
Secretary of Education Sister Joanne Callahan, became increasingly concerned about the costs and
sustainability of Catholic elementary schools on Long Island. They enlisted a committee to study the
challenges facing the schools. In answering the call to action to reverse the declining numbers of
students in the Catholic elementary schools across Long Island, Tomorrow’s Hope Foundation was
established in September 2005 as a tax-exempt, non-for-profit public charity. Lewis S. Ranieri was
appointed by Bishop Murphy to chair the foundation. As chairman, Mr. Ranieri put together a prominent
board of professionals, business leaders and diocesan administration. A decade later, there are 47 thriving
elementary schools in our diocese educating more than 17,000 students. Parents seeking tuition assistance
for their children now have a place to rely on for support. Over the past ten years the Foundation has
provided close to $20 million in scholarship and school aid. On behalf of Tomorrow’s Hope, we look
forward to continuing our service in the Long Island community.
2
Tomorrow’s Hope Foundation:
Celebrating a
Decade of Service
to the Long Island Community
The value of learning. The learning of values.
O
ver the past ten years Tomorrow’s Hope has served the Long Island community by providing parents with the opportunity to choose the education that best fits the needs of their children, without the worry of financial constraint. With generous support from our donors, and the
dedication of the members of our Board, the Foundation has proudly served over 17,000 students who
attend our network of 47 excellent Catholic elementary schools. Each year, Tomorrow’s Hope is proud
to support families in need who make the choice to send their children to our faith-based, academically
rigorous schools—over the past ten years the Foundation has provided support for these families in
awards totaling nearly $20 million towards scholarships and school aid. We remain committed to the
conviction of our mission, that Today’s Children are Tomorrow’s Hope, and look forward to the next
decade of service.
3
over 17,000
students
10
years
nearly $20 million in
scholarships and school aid
“When we started the Foundation in
2005 it was hard to envision the impact
that it would have on the schools and
their families. As we celebrate the
10th Anniversary of Tomorrow’s Hope
Foundation, I want to thank all those
who have served. Your commitment to
Catholic education and to the parents
and students in need of tuition assistance has been an inspiration to me.
You have made a difference in lives of
over 17,000 children.”
—Sister Joanne Callahan, OSU
Founding Member of Tomorrow’s
Hope Foundation
4
Long Island Catholic Schools
H
H
H
H
H
H
H
H
H
H
PARISH SCHOOLS
REGIONAL SCHOOLS
PRIVATE SCHOOLS
H HIGH SCHOOLS
The Families We Serve—
Tomorrow’s Hope Parents
“A Catholic education, especially at Our Lady of the
Hamptons, gave me a stability and foundation that
I believe is unparalleled and I always wanted that
for my children.”
“As we look forward to this school year we will
know that we wouldn’t be here without your kind,
giving spirit. Looking forward to a bright and faith
filled year!”
“We are looking forward to a wonderful school
year and have you to thank for continuing Catholic
education.”
“. . . your gift allowed our child to stay in her
beloved school for her final 8th grade year.”
5
Celebrating
Diversity
in Our Schools
Tomorrow’s Hope Foundation has the privilege of awarding a population of students that is as diverse
as the Long Island community we serve. The students and schools funded by Tomorrow’s Hope are
dedicated to celebrating diversity in an enriching multi-cultural learning environment. Tuition assistance
through Tomorrow’s Hope is available to all families who show a financial need, regardless of ethnicity
or religious affiliation.
THF Applicants by Ethnicity
Haitian
3% Asian
Not
2%
Reported
4%
Other
12%
White
39%
African
American
16%
Hispanic
24%
6
To the Good Sponsors of
Tomorrow’s Hope,
Long Island Population Ethnicity
According to the 2010 U.S. Census
African
American
9%
Asian
5%
Hispanic
15%
White
71%
Since becoming parents of three
children, our number one priority was
to afford them with a quality education
with a Christian foundation.
Our children have
attended St. Martin
de Porres Marianist
School for over 10
years. The drive to
provide such an
education has not
gone without struggle.
Initially we did not require
any financial assistance for their
education, but when we fell on hard
times; their attendance at St. Martin
was in jeopardy. The school Headmaster
recommended that we apply for the
Tomorrow’s Hope Foundation Scholarship, which we did. We are blessed to
say that we were awarded funding that
allowed our children to maintain their
enrollment and good grades. Through
the assistance of the Foundation, we
are proud say that our children have
received an outstanding education and
continue to grow spiritually.
Our youngest child,
Nia is scheduled
to graduate from
St. Martin de
Porres, June of
2016. We would
like to thank all
the sponsors that
continue to pay the
blessings forward.
Nia Jones
Oceans of Peace and Blessings,
The Jones Family
7
Be a STAR to a Student, Be a Guiding Light!
The Student Tuition Assistance Relationship (STAR) Program identifies students in high need of tuition
assistance and matches them with a generous donor—a “STAR” who contributes tuition assistance of
$2,000 a year. The current average tuition for Catholic elementary school is roughly $4,500. Although
tuition varies across the Diocese, this program is intended to fund roughly half of the student’s tuition
while the parent/guardian is asked to contribute the remainder.
The donor-student relationship is a special one—it consists of correspondence facilitated by Tomorrow’s
Hope throughout the school year. This relationship is unique in that the donor can see how their generous
contribution directly aids in allowing their STAR student to thrive in Catholic elementary school.
For more information on becoming a STAR to a student, visit us at www.tomorrowshopefoundation.org
“Tomorrow’s Hope’s STAR program is a charity and donation opportunity unlike any other in my
experience. My wife Irena and I have been very proud participants in this program for the past
few years. It is extremely rewarding knowing that our donation is going DIRECTLY to a Catholic
elementary school student. When we receive Christmas cards and letters from our STAR student
telling us how active they are and how rewarding their Catholic school experience has been, I am
unable to think of a more worthy forum to provide a donation.”
—Michael McCarthy
Member of Tomorrow’s Hope Foundation, Board of Trustees
***
“Through our STAR program, donors are able to forge a powerful, personal relationship with
the students that they sponsor and see firsthand the value of their gift. During the course
of the school year STAR donors receive regular updates, including progress reports, letters,
drawings and holiday cards from their sponsored students. Having participated in the program
since joining the Board of Tomorrow’s Hope Foundation in 2010, I have found it rewarding to
provide opportunity to the families of young students who might otherwise not be afforded
access to our excellent Catholic schools. I often remind myself of how lucky I was to have a
family that afforded me the benefit of a Catholic education; this program gives you the
opportunity to make a real difference in the life of a young person and help insure their
success in life. I wholeheartedly endorse the STAR program.”
—Frank Liantonio
Vice Chair, Tomorrow’s Hope Foundation
8
2015 STARS for Students
Scholarship Gala
Our 10th Anniversary STARS for Students Scholarship Gala
celebrated the achievements of our three outstanding honorees,
and members of the Board of Trustees at Tomorrow’s Hope
Foundation. This year’s honorees included: Frank P. Marzano,
Managing Principal, GM Advisory Group; Sister Joanne Callahan,
OSU, former Superintendent of Schools, Diocese of Rockville
Centre; Edward Travaglianti, President, Long Island, TD Bank.
We are continually amazed by the dedication of our honorees
advancing the mission of the Foundation, and extremely thankful
for the continued tireless support and effort they put forth in
ensuring the success of the Foundation.
Our 10th Anniversary STARS for Student’s Scholarship Gala
was highly successful, raising over $1.1 million. Thank you to all our
donors for their generous support and continued commitment!
Meadow Brook Golf Outing
Tomorrow’s Hope Foundation’s 10th Annual Swinging for
Scholarships Golf Tournament took place on Monday, October 5th,
2015. Guests were invited to participate in a full day of golf at the
beautiful Meadow Brook Club in Jericho, followed by a Cocktail
Reception, Raffle Drawing, and Awards Ceremony, highlighting
the Student Tuition Assistance Relationship (STAR) Program. This
year, the Foundation was pleased to host over 100 golfers and 120
reception guests helping to raise over $225,000. A special thanks to
all who participated in making the day a success.
9
2015 Donors
to Tomorrow’s Hope Foundation
$75,000 and up
$15,000-$24,999
Diocese of Rockville Centre
The Dalio Foundation, Inc.
Jennifer & Frank P. Marzano
Lewis S. Ranieri
Annmarie & Richard Conniff
Mary Ellen & Patrick Curtin
Joseph A. Fabrizi
Terry Feeney
Ferrara Family Ltd. Partnership
Anthony Gentile
Mutual of America
North Shore LIJ Health System
Janine & Steven Racanelli
Suffolk Federal Credit Union
The Philip and Linda Dejana Family Foundation
Patricia & Edward Travaglianti
$25,000-$74,999
Adams Family Foundation
Joan & Robert Catell
Cushman & Wakefield Inc.
Maureen & Frank Liantonio
Thomas McInerney
Crisler & Peter Quick
Leslie C. & Regina A. Quick Trust
Patricia and Brian T. Shea
Solomon Edwards Group, LLC
Sophia & William J. Casey Foundation
Bernadette & Owen Smith
Claudia & Michael Taglich
The Treiber Family
Foundation, Inc.
10
$10,000-$14,999
Bahnik Foundation Inc. II
CHSEE
Columbus Citizens
Foundation, Inc.
Paul Eibeler
Fund for the Poor
Income Research & Management
KPMG LLP
Jeffrey Kronthal
Park Strategies LLC
Michael Pascucci
Physicians’ Reciprocal Insurers
Ranieri Partners, LLC
RXR Realty LLC
We gratefully acknowledge the following
donors for their generous support.
Save the Starfish Foundation
Shellpoint Partners LLC
Robert Taglich
$5,000-$9,999
Arch Capital Services
Bank of America
Broadridge Securities
Processing Solutions, Inc.
CA Technologies
CardWorks, Inc.
Crystal & Company
Dentons US LLP
DeSimone Consulting
Engineers, P.L.L.C.
Diamond Family Foundation
Ernst & Young
Joseph Ferrara
Fred Jones Family Foundation
G. Gage
Irena Gecas
Michael Grant
Grant Thornton
Michael Graziano
Frank Jaeger
Jewish Communal Fund
Sean Kilduff
Marianists, Province of Meribah
McKeen Fund
Molloy College
Pershing LLC
Ridgewood Foundation
RidgeWorth Capital
Management
Signature Bank
Sprucegrove Investment
Management Ltd.
Stephen Squeri
St. John’s University
Susan and Leonard Feinstein Foundation
TD Bank
The Forum Group
The Paul & Phyllis Fireman
Charitable Foundation
The Winifred &
William O’Reilly Foundation
Charles Trunz III
Vulcania Construction
Associates LLC
$2,500-$4,999
$1,500-$2,499
$500-$1,499
1-800 Flowers
Aberdeen
Alliance Bernstein
Anthonys Pizza Holdings
Company LLC
Baker Tilly Virchow Krause, LLP
Stephanie & Mitchell Barnett
Barnett Associates
Kevin Benes
Thomas Christman
CityMD
Clear View Building Services, Inc.
Thomas Coletti
Kathleen Connolly
Crest Hollow Country Club
Louis Croce
John Croker
Danzi Family Foundation, Inc.
Davidson Kempner Capital Management
Michael Eble
Fabco Consulting, Inc.
Farrell Fritz, P.C.
First Nationwide TItle Agency
Forchelli, Curto, Deegan, Schwartz, Mineo, & Cohn &
Terranna
Friedman LLP
G5 Associates
GM Advisory Group, Inc.
Michael Huseby
Robert Kalenka
Edward Kenna
Margy & Stephen Kircher
M&T Bank
Paula & Michael Maturo
F.J. McCarthy
Elizabeth McCaul
Ralph Nappi
Oceanside Christopher Federal
Credit Union
Robert Perro
Purolator International
Rubies Costume Company
Michael Ryan
St. Francis College
Sterling Equities
The Donald and Barbara Zucker Family Foundation
The M&T Charitable Foundation
The McCormick Family Foundation
Mary Beth & Christopher Tully
Glenn Tyranski
Wheatley Agency, Inc.
Bruce Williams
Paul Wilson
Patricia & Robert York
Peggy & Robert York
Advantage Title Agency, Inc.
Theresa Ahlstrom
Eileen Alexanderson
John Anderson
Astoria Federal Savings Bank
Bahl & Gaynor
Edward Baumstein
Big Guy Foundation
Drew Bogner
Edward Burns
Zachary Callahan
Donald Chiappetta
Collins Building Services
John Corrigan
Richard Daly
Douglas DeSchutter
John Dunne
Eastern Waste Systems, Inc.
Elena Melius Foundation
Ernst & Young Foundation
Forchelli, Curto, Deegan, Schwartz, Mineo &
Terrana, LLP
Timothy Gallagher
Louie Giaquinto
Mary Ryan Gonzalez
Dennis Harrington
Jets Stadium Development
Lazer, Aptheker, Rosella & Yedid, P.C.
Long Island University
Patrick Marzano
David McArdle
John McKay
Most Rev. William Murphy
Mutual of America Foundation
Leslie & William J. O’Brien
Joseph Pascual
Florence Pfriender
Roanoke Sand & Gravel Corp.
Sabre Real Estate Group
Thomas Scaturro
Silvercrest Asset Management Group LLC
Jack Sommers
Julienne & Peter Tamsen
The First National Bank of Long Island
The Hallen Construction Co., Inc.
John Tyler
Emil Wcela
Lawrence Wirth
31st & 3rd Pharmacy Inc.
Daniel Andriano
Apple Food Service of New York
Peter Arendt
Lucia & Edward Barcklow
Christopher Basta
Bee, Ready, Fishbein, Hatter & Donovan, LLP
Karen Bellezza
Bellrow Enterprises LLC
Gene Bernstein
Christopher Boylan
James Breen
Buncee
Vincent Castoro
Commerce Advisors Inc.
Brian Corcoran
David Creamer
Anthony Dalessio
Robert Drummond
Denise & Richard Duffy
Ellen Emery
John Ewen
Extell Development Company
Sean Fanelli
Folger Hill Asset Management
Cecelia Fullam
Brian Fullerton
Christopher Gentile
Anthony Giordano
Jeffrey Harris
Hawk Security of New York Inc. (Diebold Inc.)
Steven Henriquez
Holy Trinity Diocesan
High School
Gedale Horowitz
ICC
Islanders Children’s Foundation
Jeffrey Asset Management
Judith & Donald Rechler
Foundation, Inc.
Kellenberg Memorial
High School
Koshers & Company
Clifford Lai
Lane Law PLLC
Lazard Freres & Co. LLC
Legal & General Investment Management America
Larry Litton
Long Beach Catholic
Regional School
Louis Lucido
Robert Magee
Magnan Graizzaro &
Associates CPAs, LLC
Mariner Investment Group, LLC
James Marquardt
Michael Mattone
Mattone Group Management LLC
Craig McQuillan
Michael Mehary
Coleen Mehary
Merganser Capital Management
Kevin Murphy
Nawrocki Smith LLP
Scott Norris
Joanne O’Brien
Richard Oh
Owen Blicksilver Public Relations
Wallace Parker
Paul Effman Music Service, Inc.
PIMCO
Gillis Poll
POM Recoveries Inc.
Praxis Public Relations Inc.
Susan Ranieri
Brian Roberson
Charles Romano
Rothschild
Brian Ruane
Barry Rubenstein
Joseph Ruggiero
James Sheehy
Joseph Simone
Salvatore Sodano
Solaris Advisors LLC
Michael Spinelli
St. Aidan Church
St. Brigid/Our Lady of Hope Regional School
St. John The Baptist
High School
St. Patrick School
Stephen K. Tompsett
Memorial Fund Technology in Education
Sterling Capital Management LLC
John Sweeney
The Abramson Charitable Foundation
Anthony Viola
Stanley Wawrzonek
Wellington Management Company, LLP
Westerman Ball Ederer Miller & Sharfstein, LLP
Paul Whitcomb
Winthrop-University Hospital
John Zurell
11
$499 and below
Susan Anaischik
Michael Anglin
Joseph Bacigalupo
Stanley Barbato
Ken Bauer
Clarence Blake
Joseph Bonventre
Constance Brown
Philip Bruno
James Caliendo
Paul Callahan
Salvatore Canzoneri
Nunzio Cardone
William Chapin
Paul Clagnaz
Janet Connolly
Carol Cook
Carol Countryman
Eileen Cresham
Paul Dahm
Nancy Davis
Rosemary Denaro
Thomas Di Napoli
Damian DiFiglia
Brian Doolan
Elizabeth Doran
Donna Drummond
James Egan
Thomas Faherty
Maureen Falanga
John Fitzgerald
Salvatore Franco
Robert Gallagher
Gerard Gentleman
Kathy Giamo
Thomas Gilhuley
Matthew Glazer
Goldhaber Policy Services LLC
Eamon Gonzalez
Thomas Grech
Wiliam Grogan
Emily Guarnieri
Laura Guerin
Richard Haff
12
Joseph Haffey
Patricia Hall
Stephan Hannan
William Harper
Hausman Law Group
John Healey
Michael Heaney
Dean Hernan
Paul Hoertz
Holy Angels Regional School
Holy Family Regional School
Raymond Ingram
Charles Kammerer
Kenneth Karchinski
Marianne Kavanagh
Virginia Kawochka
Francis Kenney
John Kilkelly
Francis Kilkelly
Robert Kinpoitner
Carey Kirkpatrick
Royden Kleinert
Theresa Kontogianis
Barbara Kramer
William Lai
Richard Lata
Bernadette Lathbury
Kevin Laurie
Enrico Lazio
Michael Lechleider
Longfellow Investment
Management Co.
Denise Lopez
Richard Loughlin
ClaireMalico
Mary Celeste Maloney
William Mandaro
Louis Mangione
William Manning
Ann Mara
Glenn Matera
Thomas Mc Cabe
James Mc Creesh
Francis Mc Ginnis
Patricia Mc Givern
Joseph Mc Keon
Edwin Mc Naboe
James McCann
Edward McDermott
Sean McGonigle
Mary McKay
Brian McNamara
Joseph McSherry
Frank Melaccio
Joseph Metz
Robert Miller
Mary Mims
Arthur Monahan
Penelope Moore
Ernest Morrell
Raymond Mugno
Clare Murphy
My Tribute Gift Foundation, Inc.
Nastasi & Associates
Notre Dame School
Gus Nuzzolese
Hugh O’Rourke
Our Lady of Lourdes School
Our Lady of Mercy
Regional School
Our Lady of Peace School
Our Lady Queen of Apostles Regional School
Gregory Oussani
John Pawlowski
Lukasz Pienczykowski
Edward Platt
Barbara Pope
Qualified Realty, Inc.
Richard Raab
Anthony Redrup
Mary Regan
Eileen Riemenschneider
Frank Rizzo
Joseph Roberge
Emily Rodgers
Frank Russo
Saul Sanders
Maureen Scaduto
H. Schineller
Richard Segerdahl
Joanne Sharkey
Constance Short
Edward Short
Shari Siegel
Sisters Of The Order Of
St. Dominic, Queen Of
The Rosary Convent
Eileen Sokol
St. Agnes Cathedral School
St. Elizabeth Ann Seton
Regional School
St. Martin Of Tours School
St. Raymond Church
St. Raymond School
St. Thomas the Apostle
R.C. Church
Allison & John Strack
Anne Sullivan
Ann Sutton
Eusebio Teixeira
Kamil Tkaczuk
Kathleen Toth
Eileen Troisi
Naomi Verdirame
Ronald Walker
John Walsh
Anne Walsh
Kathleen Walsh
Anne Weiler
Chris Westfahl
Robert Windorf
James Wynne
Nicholas Zacchea
Charles Zerbo
Tomorrow’s Hope Foundation, Inc.
Highlighted Financials
Year Ended December 31, 2014
Assets
Current Assets:
Cash and cash equivalents Pledges receivable
Due from the Diocese
Prepaid expenses and assets
Total Current Assets
$ 461,234
230,930
1,046
4,912
Endowment Cash
Pledges Receivable
Website Development Costs
698,122
373,215
-
Total Assets 6,042
$1,160,815
Liabilities and Net Assets
Current Liabilities:
Scholarships payable
Accounts payable
Other Liabilities
$ 797,811
36,836
102,300
Total Current Liabilities
936,947
Net Assets
Unrestricted net deficit Temporarily restricted
Permanently restricted
Total Net Assets
(248,829)
9,517
463,180
223,868
Total Liabilities and Net Assets$1,160,815
50 Charles Lindbergh Blvd., Suite 500
Uniondale, NY 11553
516.745.7611
www.tomorrowshopefoundation.org
The mission of Tomorrow’s Hope Foundation is to ensure the excellence
as well as the continuance of Catholic Schools on Long Island by increasing
awareness and by providing scholarship and program funding for the needs
of students and schools.