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Helping deserving students achieve their dreams.
Dream. achieve. SucceeD.Cincinnati Scholarship Foundation 2015-2016 Annual Report
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Letter From Thomas Hayden, Board ChairmanThe Cincinnati Scholarship Foundation has achieved remarkable success, one youngadult at a time, for nearly 100 years. This model works. We just need help to expand onthis success, and reach even more students every year.
Many of you already help without realizing it. The CSF manages the scholarshipprograms authorized by over 125 endowments and foundations for manydifferent trustees, as well as those funds with the Greater Cincinnati Foundation. CSFprovides tremendous efficiency, as 97% of the donated funds are directly applied tothe goals of those organizations!
The academic 2015-2016 year marks another great year of assistance and connection:
• 1,083 college scholarships were awarded totaling $1,603,935 were awarded for this academic year. THANK YOU DONORS – YOU MAKE A DIFFERENCE!
• THE NEED KEEPS GROWING – Thanks to the diligent assistance of the CSF team, a new high of 1,848 qualified new applicants were accepted into our database. But we were only able to provide awards to 311 of them.
• The aggregate need of those not receiving an award was $3,091,027.
A NEW MODEL – An easier connectionIn the last 15 years, average student debt has grown from just over $10,000 for
graduating students, to over $35,000 last year.
CSF is developing ways to expand the visibility of these qualified applicants through an online environment that will connect all: donors, current and potential; employers; quali-fied applicants; current and past recipients.
Go to www.CERKL.com/CSF to see how our community can work.
Visit our website and view our community. Help spread the story on the success of these students and how easy it is to part of the solution!
A UNIQUE FUND MATCHING OPPORTUNITY THIS YEAR!CSF is pleased to be one of the few organizations selected for Cincinnati Magazine’s inau-gural CINCY GIVES CAMPAIGN CHALLENGE:
• 37 Non-Profit Organizations compete to win $15,000. The organization who raises the most in this challenge will win a bonus $15K!
• Begins “Giving Tuesday” November 29 and ends December 27
• Give what you can https://www.crowdrise.com/cincinnatischolarshipfoundation
• POINT, CLICK, MAKE A DIFFERENCE!!
Finally, my sincere thanks go out to the staff of CSF for their tireless work on behalf of the youth of our community; the grantors of the scholarships, without whom the opportunity would not be provided; the Board of Trustees whose guidance and input help expand those opportunities; and the educators, counselors and children’s advocates of Greater Cincinnati who make the mission achievable.
Participation, assistance, and recognition make a difference!
Sincerely yours,
Thomas Hayden, ChairmanCSF Board of Trustees
Cincinnati Scholarship Foundation602 Main Street, Suite 1000Cincinnati, OH 45202513.345.6701513.345.6705 faxwww.CincinnatiScholarshipFoundation.org
BoarD of TruSTeeSThomas Hayden, Chair Cornerstone Broker InsuranceShannan Schmidt, Vice Chair The Health CollaborativeJerome Tepe, Treasurer SVP, Design-Build, Al Neyer, Inc. Lisa Lennon, Secretary Procter and GambleJames Cullen University of CincinnatiAmy Englert GE Engine AircraftDenice Hertlein Watch Hill AdvisoryTarek Kamil Oakmont HoldingsMegan McCarty Xavier UniversityMark Musekamp Keating Muething and KlekampDr. Nikela Owens Cincinnati Public SchoolsWilliam Russell Educational ConsultantTravis Schraffenberger Western & Southern Financial Group
orGaNiZaTioN rePreSeNTaTiveSPaul Calme
University of CincinnatiRoger Smith
Woodward TrusteesDr. Audley Smith
Cincinnati Public SchoolsTanya Ficklin
Cincinnati Public Schools
hoNorarY memBerSCourtis Fuller
Channel 5Dean Gregory
Montgomery InnJeff Pasquale
Fifth Third BankMary Ronan
Cincinnati Public Schools
Page 3Visit CincinnatiScholarshipFoundation.org to make a secure online donation.
Ach Family Scholarship FundAlexander & Helen Griffin Memorial ScholarshipAmeritas Life Insurance Scholarship FundAndrew Rindfleisch Memorial FundAnnie Wagner Memorial Scholarship FundBarr FoundationBarrett Family Scholarship FundBH Snow Memorial Scholarship FundBill Kraus (St. Xavier ‘65) Memorial Scholarship FundBlanche L. Collins Scholarship FundBob and Linda Kohlhepp FundBorden Inc. Scholarship FundCarespring Hero Scholarship FundCarl H. Lindner Family FundCarol Mills Memorial Scholarship FundCastellini Foundation CFT/ACPSOP Scholarship FundCharles & Claire Phillips Scholarship FundCharles F. and Mary Yeiser Scholarship FundCharlotte R. Schmidlapp Scholarship FundChristopher Todd Grant Memorial FundCincinnati Bell Scholarship FundCincinnati Financial Corporation Scholarship FundCorinne and Fred Capuder Memorial Scholarship FundCorwin Nixon Scholarship FundCourtis Fuller Journalism Scholarship FundCrosset Family FundCSF Non-Traditional Scholarship FundDater FoundationDavid J. Joseph Company Scholarship FundDee Wacksman Memorial Scholarship FundDeon Miller Memorial Scholarship FundDon Greer Heritage Club Memorial ScholarshipDuke Energy Scholarship FundDupps Company Sons and Daughters ScholarshipDwight Hibbard Scholarship FundE.W. Scripps Scholarship FundEdward and Shirlee Robbe Scholarship FundElla Wilson Johnson Scholarship FundElse & Adele Raschig Scholarship FundEstelle Davis Memorial Scholarship FundFarmer Family Foundation
Fifth Third Bank Combined FundFletemeyer Family Scholarship FundFlorette B. Hoffheimer Scholarship FundFrances Raschig Scholarship FundFrank Foster Skillman Scholarship FundGardner FoundationGE Aviation Scholarship FundGoldman, Sachs & Company Scholarship FundH.A.R. Dutton Scholarship FundH.C. Schott Foundation HCRTA/Glen O. & Wyllabeth Wise Scholarship FundHeidelberg Distributing Co. FundHeinz Pet Products Scholarship FundHelen Steiner Rice Scholarship FundHersman Family Scholarship FundJames and Jane Pape FundJim Weirich Scholarship FundJoann Jones-Gore Scholarship FundJohnny Bench Scholarship FundJoseph S. Stern, Jr. Scholarship FundJudge Benjamin Schwartz ScholarshipJuilfs FoundationKeegan Scot Southers Memorial Scholarship FundKroger Cincinnati/Dayton Scholarship FundL. & T. Woolfolk Memorial Scholarship FundL.B. Zapoleon Scholarship FundLowe Simpson Scholarship FundLyle & Rlene Everingham Scholarship FundLyle Everingham Scholarship FundM & E Brown Scholarship FundMacy’s Scholarship FundMajor R. McNeil Scholarship FundMark Pescovitz Memorial Scholarship FundMarquita & Cecil McLean Scholarship FundMartha W. Tanner Memorial FundMarvin Lewis Community Fund ScholarshipMarvin Rammelsberg Memorial FundMary Fain Wilson Scholarship FundMary Roberts Scholarship FundMcCall Educational FundMichael Bany Memorial ScholarshipMidland Company Scholarship Fund
Milacron Geier FoundationNelson Schwab Jr. Family FundNethercott Family Scholarship FundNia Noelle Scholarship FundNord Family Scholarship FundOhio National Financial Services Scholarship FundOhio National FoundationPepper Family Scholarship FundPichler Family Scholarship FundPNC Bank Scholarship FundPriscilla Gamble Scholarship FundProcter and Gamble FundRaymond and Augusta Klink Scholarship FundRCGC Scholarship FundRemembering Wojo Scholarship FundRichard Heekin Scholarship FundRobert H. Reakirt Foundation FundRoger & Joyce Howe Family FundS. David Shor Scholarship FundSC Johnson, A Family Company Scholarship FundSemple FoundationSharon Thomas Memorial Scholarship FundSheree Yvette Weems Scholarship FundSnipes and Stapleton Memorial Scholarship FundSupeRx Drug Stores Scholarship FundSusan and Herbert Coulter Scholarship FundSycamore Flying Fish Scholarship FundT.L. Conlan Memorial ScholarshipThird Protestant Memorial Church Scholarship FundThird Protestant Memorial Theological Scholarship FundThomas J. Emery Memorial FundTSAB Annual Scholarship FundU.S. Bank N.A. Scholarship FundU.S. Shoe Corporation Scholarship FundVielhauer Family Scholarship FundWalter & Marilyn Bartlett FundWalter & Peg Meyer FoundationWarrington Family FoundationWestern-Southern FoundationWilliam A. Friedlander Scholarship FundWm. J. Rielly/MCURC Scholarship FundWoodward Trustees Scholarship FundWynne Family Memorial Fund
Scholarship Funds & Foundations
If you would be interested in joining the dozens of businesses, organizations, individuals and non-profits that have committed to helping thousands of students achieve their dream of a college education, the Cincinnati Scholarship Foundation (CSF) can help you. The CSF is in a unique position to guide you through the process of establishing a scholarship fund in your name, your company’s name, or in the name of a loved one.As a scholarship donor, your generosity will live on in the students that you help. You will enjoy receiving thank-you notes from the students who benefit from your generosity as well as bi-annual progress reports. If you are interested, please fill out this form and a CSF representative will get in contact with you. Please fax form to 513.345.6705.
Name ________________________________________________________ Phone Number ____________________________________________________________
Address _______________________________________________________ City ______________________________ State ____________ Zip ___________________
Email _________________________________________________________ How would you prefer to be contacted? _______ Phone _______ Mail _______ Email
Start A Scholarship Now(Doesn’t cost as much as you think.. .)
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About Cincinnati Scholarship Foundation Founded in 1918, the Cincinnati Scholarship Foundation, through the administration of business, family and individual scholarship funds, has helped tens of thousands of students finance their education. CSF empowers Greater Cincinnati to help thousands of local students achieve their goal of a college education.
Due to a lack of scholarship funds
only 13% of the
$12,670,000 in actual financial need
was awarded.
296 qualified applicants were
not able to be awarded.The Cincinnati Scholarship Foundation is located at 602 Main
Street, Suite 1000, Cincinnati, OH 45202. You can reach them at 513.345.6701 or visit their website at cincinnatischolarshipfoundation.org.
“Unfortunately, the CSF can only help about 50% of the
students who apply to it due to a lack of available funds for awarding these scholarships.”
John BarrettChairman, President & CEO
Western & Southern Financial GroupThe Barrett Family Scholarship Fund
Page 5Visit CincinnatiScholarshipFoundation.org to make a secure online donation.Page 4 Visit CincinnatiScholarshipFoundation.org to make a secure online donation.
HOW TO START ASCHOLARSHIP FUND If you would like to help Greater Cincinnati area students in achieving their goal of an education, there are three ways of setting up a scholarship fund:
Permanently Restricted Contribution or Endowment• Required by donor restrictions, or by law, to maintain the contribution in perpetuity.• The principle cannot be spent, only the income earned
Temporarily Restricted Contribution• Use of this fund is limited by donor-imposed time or purpose restrictions• The entire contributed amount can be used for its restricted purpose
“Pay-As-You-Go” Fund• Requirements are set up and the amounts to be awarded are predetermined and agreed upon by the funder and the CSF• Payments are made on an annual or semiannual basis
Although CSF doesn’t charge a fee for an endowment account setup, there is an administrative fee, which is 15 percent of the amount awarded per year, not the total amount of the fund.
Benefits• CSF reviews all financial aid information to ensure there is financial need and no other aid is replaced if student is awarded • A personal interview with the applicant when appropriate • Thank you notes are obtained and forwarded to the donor on the recipients’ behalf• Semi-annual progress reports on the students sent todonors
$35,000average amount of student loan debt for 2015 graduates
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$2,000,000
$1,500,000
$1,000,000
$500,000
$02011-2012 2012-2013 2013-2014 2014-2015 2015-2016
PhD Degree MembershipTeresa and Anthony DillingerThomas HaydenFather David Hillar FundDavid J. Joseph CompanyWarrington Foundation
Master’s Degree MembershipLloyd BernstienGary BohnShelley ByersKenneth CampbellBerchelle ClevelandBarbara CoffaroBrian CoughlinJohn CoverJohn DrosickDonald DufekJames GreerShirley GriffinJames HaywoodJill HersmanDavid HuntTodd JohnsonCleo JonesThomas KingSandra LaneyMichael MarchalDan MurphyPatrick OsborneGerald PendletonShirleerae RobbeThe Scholl Family FoundationTerrence StraderKirstin ThomasTerri ThompsonAmber TurnerChristopher Virgulak
Bachelor’s Degree MembershipA&T Concept Renovations LLCMichael AbbinanteDavid AbneyGagan AdibhatlaDoug AginDennis AldersonBeverley BaileyCarol BakerDaniel BakerKevin BarneyKeith BeavenDeidre BienKelly Blair
Harry BlantonDeborah BrooksKim-Ngoc BuiMary CarrollJennifer CaseyRebecca CassidyBill ChappelAaron ChristyMichael CollinsBill ConklinDan CosgroveJulie CreedJames DemisPete DeNuzioEdward Devault IITeresa DillingerLaurence DingleSteve D’OrazioAlex DuarteTony DugganBrett DunlapMartha Dupree-GibsonMike EatonJohn EdwardsMohammad EhteshamiSteven EitelErik EllingsworthEdgar ErlangerNatalie FeinauerGregory FickeBarbara FlickD. Michael FoellgerR.M. FreyRichard FulwilerBettina GermannSara GibbonsThomas GilkerMichael GilkeySteve GoellnerCharles GomienJames GossettGary GrafTom GrahamMary-Jeanne GronholmJonathan GroomsDavid GroseNicole GroteSandeep GuptaBrian HabeggerRory HackbarthDan HaglageSandra HallMike HallThomas HarbrechtCharles HarnistRichard Harrington
JoAnn HarveyJean HaynesPaul HenrichPaul HicksVince HoffmannMelissa HollsteggeOlivia HoltHelen HoptonConnie HosbrookThomas HuffByron HuffmanRob HutzelmanDan HutzelmanJohn IannuzziSteven ImhoffMark JarvisAndy JohnsRonald JuengerRonny Kastner BeckGeoffrey KeenanJohn KeimMarcia KornauPaul KramerMichael KriegerDenise LampingRita LampingMichael LampingCatherine LanierBrian LawrenceSusan LefflerDale LewisDennis LongGeorge Magner Jr.David MarinoJohn MattesMonica McJunkinDon MechTaylor MetcalfeShirlaine MeyerDouglas MillsJeff MontgomeryKeith MoranTim MouserDennis MurrayChristine NoelBeryl NormanSean O’NeillJohn O’NeillStephen OranderPatrick OsborneAmy ParksPeter ParsonsGlenn PaulMargie PaulsenJames Payne & McNishPaul Pesta
q PhD Degree Membershipq Master’s Degree Membershipq Bachelor’s Degree Membershipq Associate’s Degree Membership
My membership is (circle one):
$5,000 and above$1,000 up to $4,999$100 up to $999Up to $99New Renewal Memorial Alumni
Name ________________________________________________________________________________________________
Address ______________________________________________________________________________________________
City ______________________________________________________________ State _____________ Zip ______________
In Memory of _________________________________________________________________________________________
Address ______________________________________________________________________________________________
City ______________________________________________________________ State _____________ Zip ______________Please charge my credit/debit account (circle one): MC Visa AMEX
Account No. __________________________________________ Expires _________/_________ Amount $ ______________q Yes, please add me to your email list! Here is my email address _______________________________________________Please make checks payable to the Cincinnati Scholarship Foundation. Thank you for your tax deductible contribution.Mail to: 602 Main Street, Suite 1000, Cincinnati, OH 45202
YES! I want to invest in the future of Greater Cincinnati youth!
2015 - 2016 Unrestricted Revenue and Expenses, Scholarships/Awards, and Contributors List
Scholarships Awarded Scott PhillipsScott PitmanMark PotforaArthur PughDino ReAnn Marie ReedJoseph RettigSally RiceDaniel RicheyMichael RobbeSteve RobbinsJanice RobbinsMartin RobertsBrian RocheJohn RoederLew RosenbloomKenneth RothSteve RowlandDonna RuscheDexter RussellNicholas SakuraiGomez SalsaPatricia SantoroSharon SaulsTracy ScheidMichelle SchonhoftGrant SchweikertKaezad SetnaErin ShickBrian ShircliffSteve SilvermanElizabeth Sears SmithJeff SmithMichelle SmithNancy SonesMichael SpicerMarsha Spivey-HarrisQuentin StappScott StiensSundra Stockl
Teresa StunkelTom SweeneyJoshua TaylorSteven ThomasJean ThomasDeborah ThomasSteven ThorneHoward TribbleJohn VogeleMahendra VoraRobert WachendorfStephen WagnerTom WalkerLaShawna WallerStephen WatsonCindy WeaverKathleen WeimannKen WeissDonald WhitakerSteve WhitlatchPaul WhitlatchHarold WhitworthB.E. WilkeAshley WilkinsonKatherine WilsonAmy WolfJonathan WoodRichard Yost
Associate’s Degree MembershipMollie AllenTeresa AllisonDarryl AndersonRita ArmentroutJill ArminioJerry AtkinsTess AustinLorraine BergevinEssie Brantley
Bettye BucknerGeorge BudigDonald BurgeDavid BurgerPeter CarcieriEdward Carroll, Jr.Richard CaudellAlpha ChenDea CookJudy DeitersMelissa DiMuroDonald DixonMichael DoelLauren DunnBill EppsAlbion Fletcher, Jr.Linda FordShirley FrazierKaye GaffneyLucy GintherTom GiverMarion & Alexander Griffin IIIJoseph GruberMary HargisSonja HarrisonCorliss HayesMichael HudakSusan IkelerJohn JonesCharlton JonesMace JusticeGail KaglerReffinia & Curtis KelleyReffinia KelleyRhonda KinnemeyerVivan KruegerLawrence Kyte, Jr.Joanne LarcombSusan LaRueDavid Louis
Raedel MahoneLaura Mancini-StohlmanPatricia McKnightCarin MeierMary MillerAlan MitchellSharon MorrisHolly MuehlenkampKurt MuellerDavid NorcrossMary NorvellSusan PartchDavid PartchDonny QuickleBradley RentzDorothea RevelsCindy RichardsonRonald RobinsonCarol RogersJane RottenbachJerri SchnieberJeffrey SeemanJohn ShieldsBeth SkinnerToni SmithDeborah StakerGerard SychayThomas ValeJohn VossRussell Walker, Jr.Judy WeeksMichael WeltyMary Beth WieheYvonne WiesnerRonald WilliamsZubaidah Azeem WilliamsKenneth WilsonShawn WilsonMargo Wojciechowski
College Success Contributors List
2015 - 2016 Unrestricted Revenue Total $199,470
2015 - 2016 Unrestricted ExpensesTotal $369,047
Decrease in Unrestricted Net Assets
$169,577 Decrease
Fundraising
Administrative Fees
Contributions & Grants
Investment Return
$183,917
$10,037
$5,516
Fundraising
Management & General
Scholarship & Award Administration
$66,309
$302,738
Scholarships & Awards $1,477,227
Unrestricted Net Assets $870,213
If you would be interested in donating in-kind items to the Cincinnati Scholarship Foundation please call 513.345.6701 today!
Unaudited Figures
Page 7Page 6
Number of Students Awarded1250
1200
1150
1100
1050
1000
950
900
02011-2012 2012-2013 2013-2014 2014-2015 2015-2016
1080
1037
1075
1212
1083
$1,353,304
$1,553,078
$1,603,935
$1,688,352
$1,527,734
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602 Main Street, Suite 1000Cincinnati, OH 45202513.345.6701513.345.6705 faxwww.CincinnatiScholarshipFoundation.org
Non ProfitUS Postage
PAIDCincinnati OH Permit 6657
Please visit us at www.cincinnatischolarshipfoundation.org
Thank you to Western & Southern Financial Group for printing our 2015 - 2016 Annual Report!