REPORT CARD2017 –2018

Learning For Life. Creating The Future.

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OUR VISIONTo develop innovative,

courageous and

compassionate global

citizens who take action,

true to Quaker values.

OUR MISSIONTo instil in each individual

the ability and responsibility

to make the world greater,

better and more beautiful

than they discovered it.

Welcome to the 2017-2018 Report Card. The 2017-2018 Pickering College Report Card marks a significant change in our reporting. You will see we have changed the format to include an infographic spread highlighting the health of our school, and we are now reporting on the three overarching areas of our Strategic Plan: Build, Fund and Innovate and the three initiatives contained in each of these areas. In these sections we highlight our accomplishments from 2017-2018. We believe our initiatives in these areas continue to position us as a leader in education.

The 2017-2018 school year was a year of remarkable achievements. We received full accreditation from the Canadian Association of Independent Schools (CAIS), solidified strategic partnerships with I-Think and Facing Historyand Ourselves, and became a UNESCO Candidate school.

Our Global Leadership Program continues to advance and our students are exemplifying the attributes of good leadership and are poised and ready to make a difference in the world.

Our report also includes a Financial Accountability report, including a summary statement of operations, balance sheet

and a list of our endowment funds. The highlights in the Financial Accountability section demonstrate key variances in both revenue and expenditures, comparing to 2017 actual results and/or budget targets. We have added graphic information as well to improve readability.

World events continue to conspire to present overwhelming challenges for which our students will increasingly need to be prepared. The uncertainty of the global economy continues to present vast challenges for all independent schools to be sustainable. We believe, however, that Pickering College is well positioned to rise to these challenges, and to prepare our students to do the same, as we successfully implement the initiatives of our strategic plan and teach our students the skills to do the same.

It is an ambitious plan, but we are an ambitious school, keen to build on our successes, focused on the unique nature of our student/teacher relationships, and committed to a values-based, Quaker-founded educational approach that prepares students for the world that awaits. We hope you enjoy reading this Report Card and, as always, appreciate your feedback, comments, questions and suggestions.

Peter SturrupHeadmaster

WELCOME FROM THE HEADMASTER

of Grade 9-12 students on

the Headmaster’s Honour List

99% of our

students

involved in the

Co-curricular

program

Board Corporation Staff Parents Alumni Members Members

100% 76.6% 80.9% 47.5% 3.3%

PARTICIPATION RATES FOR

ANNUAL GIVING

5.2%

$1,642,178

ANNUAL RATE OF RETURN ON ENDOWMENTS

IN DONATIONS

32

89

1

95

20

countries represented in our school community

community organizations served by our

student and staff volunteers

95% of our graduates exceeding Community Service

hours requirement

Finalist – NCC Business

Excellence Awards

20% of our students receiving financial aid

Pickering College is the only independent school in Ontario

to have been selected as a UNESCO Candidate School.

100% of our graduates

accepted to the post-secondary

institution of their choice

100% of 2018 graduates earned the

Global Leadership Diploma

TOP OF THE CLASS

100%81%

4sports

championships

AN INCLUSIVE AND GENEROUS SCHOOL COMMUNITY

VALUED PARTNERSHIPS

ENGAGED STUDENTS93 students

in formal

leadership

activities

99

93

%

COMMITTED STAFF

92% of employees who

believe there is a greater purpose to the

school than just ‘educating students’

94% of our faculty who

believe learning for all employees

is encouraged at the school

308+119_____427

FULL SCHOOL RETENTION

86%

10 YEARSON THE AIR

day students

boarding students

students JK - Grade 12

of our graduating class

are Ontario scholars84%

FM

PICKERING COLLEGE RADIO

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THE ROLE OF QUAKERISM AT PICKERING COLLEGE

Pickering College was founded by the Religious Society of Friends, also known as Quakers, in 1842. While we are not formally a Quaker school today, we remain the only Quaker-founded school in Canada and the influence of their guiding values is immense.

We live in an increasingly secular world; our school prides itself on being multi- cultural and ecumenical. Today, we boast students from over 30 countries, and a multiplicity of religious and cultural back-grounds. This is, and has been for years, one of the great strengths and benefits of a Pickering College education. And yet our approach to education, and more fundamentally, our approach to how we reach out to our students and our belief in what students can and ought to do in this world, is profoundly influenced by the spiritual nature of our Quaker founders’ beliefs. In some ways, the role of Quaker-ism has become so pervasive in everything we do and everything we are as a school that we take it for granted. It guides our gathering in Morning Meeting, our use of silence, our approach to decision making, the strength of our community, the depth of our values, and the inspiration for our action. Yet in other ways, and for many parents, students, alumni and staff, the understanding of Quakerism and the role it plays in our school is a great unknown.

The role of Quakerism at Pickering College is a unique and defining aspect of our school. Retaining a close relationship with our Quaker heritage provides a philosoph-ical, moral and operational framework for our planning and decision-making.

While the basic tenet of Quakerism is that “there is that of God in every person,” many people at Pickering share a different interpretation and belief in God. For that reason, we change the wording slightly to reflect the educational context to say that “there is that of good in every person.”

Restated, this means a belief that there is a divine spirit in every human being and therefore the belief that all human beings have equal worth and dignity. Sometimes at Pickering we refer to this as “finding the light” within each child—that inner potential that is waiting to shine upon the world. Hence, Quakers believe that education is an “opening up,” rather than a “filling up” and we therefore work with each student to find and express their unique qualities and passions.

Staying true to this Quaker approach means:• recognizing that there is good in every

person, regardless of age, gender, and ethnic background;

• providing a high degree of caring, compassion and support;

• developing a strong social consciousness;• using consensus in decision making;• emphasizing traditional Quaker values,

such as non-violence and simplicity, as well as the school values of community, compassion, integrity, respect and responsibility; and

• building our community through Morning Meeting.

Staying true to the beliefs and ideals deeply held by our Quaker founders means continuing to be a school that combines academic excellence with moral depth. All of these qualities are imbed-ded in the Pickering College approach to education.

Ideally, if we are true to the beliefs and ideals deeply held by our Quaker founders, we will be a school that combines aca-demic development with spiritual depth. If we are true to our Quaker roots, our students will be taught, and will come to exemplify, the belief that they are to be seekers of those universal principles and values—as articulated in our Guiding Values, Traits and Principles—during their time at our school and, more importantly, once they leave our protective shelter and go forth in the world as leaders, ready to change the world.

TRAITS: WHAT WE DEMONSTRATE

Acceptance – We recognize, accept and celebrate the wide range of human

qualities and attributes within our community such as ancestry, culture, ethnicity, gender, gender identity, gender expression, language, physical and intellectual ability, race, religion, sex, sexual orientation and socio- economic status. This acceptance of diversity means embracing the tension that diversity may initially bring and valuing the challenge of the encounter and the difference of the other person, culture, or perspective.

Accountability – We believe in living consistent with our values. This means

speaking the truth to all, including people in positions of power, and to each other, even when it is difficult and our message may be unpopular. We deal honestly and fairly with peers and colleagues. We take responsibility for our actions and their results. We fulfill our commitments, and we give credit to others for their contributions.

Courage – To demonstrate courage is to be afraid of doing something, but doing

it anyway. Courage is a daily occurrence whereby we express what we believe in and act in a way that demonstrates our values. It means speaking the truth to our hopes, and fears, and aspirations and ambitions. To be courageous means exposing our vulnerabilities, our worries and our fears; demonstrating caring and compassion and respect by being ourselves—authentic, unprotected, and genuine.

Creativity – We inspire those with whom we work to develop or do something

original, to turn their ideas into reality and to bring greater value and meaning to themselves and to others. Creativity may be the most precious resource we have in our future, for it is unlimited, renewable and omnipresent. It is a learned skill and mindset that takes hard work, self-discipline, and regular and routine focus.

Curiosity – We instil a sense of wonder by constantly asking questions. Questions

make us more thoughtful, intelligent and caring; questions build relationships with people; questions get the other person to think, and focus attention on them; and questions remind ourselves of the ideals we seek to attain. Thus, our approach is experiential: it must be lived and acted upon for real effect ... it is not just about beliefs—it must be experienced, observed and reflected upon.

Excellence – We know that humans are born with an infinite capacity for good,

which can be nurtured and developed through education. Thus, we believe in always searching for the very best in ourselves and inspiring it in others. The whole community works together with each person recognizing the special position held by the others and the contribution required from each for the perfection of our common lives.

Stewardship – We strive to use the gifts we have been given wisely, including

not only material wealth, but more importantly, our talents, our good health, our wisdom and insights and, of course, our natural environment.

Trust – It is a foundational belief that we must always deal honestly with all others

as well as with ourselves, summarized by the old Quaker injunction, “Let your yes be yes and your no be no.”

GUIDING PRINCIPLES: HOW WE WORK

Collaboration – We believe that each person is to be valued and respected for

their capacity to contribute to a more complex understanding of something being studied than any one could create individually. This leads to being open to a full range of voices; being comfortable with disagreement, accepting complexity; and an openness to new learning.

Consensus – Consensus decision-making is grounded in the belief that when

several people come together they can find an answer that exceeds the reach of any one individual. In consensus

decision-making, the group does not simply vote to determine the majority view, but rather they seek unity about the wisest course of action.

Innovation – We are committed to teaching and learning about developing

new strategies and sustainable concepts to meet social needs through enabling solutions based on mutual sharing and capability. Thus, social innovation is a new solution to a social problem that is more effective, efficient, just or sustainable than existing solutions and for which the value created primarily supports society as a whole rather than private individuals.

Equality – We believe that all people are equal, all people have equal access to

pursue the truth and all people possess the same divine spark within them.

Non-violent Resolution – Seeking peace is anything but passive. In our

engagement with the world, we not only speak out to condemn injustice, but we teach that, when necessary, it might be required to engage in non-vi-olent action or even civil disobedience to bring about justice and sustainable peace in the world.

Peace – We oppose violence in all forms and refuse to engage in the violent

resolution of conflict. In pursuit of a lasting and sustainable peace, we seek to eliminate causes of violent conflict, such as poverty, exploitation and intol-erance by forthrightly and non-violently confronting evil and oppression.

Silence – Gathering in silence is based on the belief that when a group settles into

silence, it feels like more than a simple quieting down; the sense of collective thought deepens. It is the belief that if one opens one’s heart and listens, one can hear what is right, and can live out these inner teachings. Silence is often used to settle into a meeting, to invite reflection, or to make way for deep thinking.

Simplicity – We strive to “clear away the clutter” to be more ready to hear

the important and to live out the idea that “less is more.”

OUR APPROACH

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VALUES: WHAT IS IMPORTANT TO US

Community Community is gathering interconnected individuals whose collective actions create a sense of belonging and encourage participation, who accept and take care of one another.

Compassion Compassion is being sensitive to others’ thoughts and feelings and understanding and considering conflicting issues and ideas. It is to show concern and caring for all others in the community, no matter their differences, in a way that creates harmony and peace.

Integrity Integrity is the courage to act honestly and truthfully in all actions.

Respect Respect is valuing yourself and others and the environment in which we exist, based on the principles of simplicity and equality, so that you treat others as you wish to be treated.

Responsibility Responsibility is being accountable for one’s own actions and behaviours by demonstrating good judgement and fulfilling obligations.

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In the development of our strategic plan, the Board has reconfirmed our commitment to Quaker values as an important differentiator, providing an ongoing link from our founding to our future. Our commitment to remaining a “small school” (under 500 students) was verified, as was the ongoing role of the Global Leadership Program in building Pickering College’s reputation as a leader in education. Digital transformation, progress through disruption, identifying new sources of revenue, partnerships and innovation round out the commitments we are making to the future of the school and to our community.

The new plan is straightforward with three new overarching strategic choices:

In each of these overarching strategic areas are three specific initiatives.

In To Build, the focus is to drive a digital transformation, accelerate the Global Leadership Program and to complete Phase 1 of the Campus Master Plan.

In To Fund, the focus is to capture new revenue (from innovation), to improve our brand awareness and to intensify fundraising and build endowment.

In To Innovate, our focus is to embrace disruption, forge strategic collaborative partnerships and to create a culture of innovation.

On the following pages, there is a description of each initiative and the highlights of accomplishments from 2017-2018.

DRIVE A DIGITAL TRANSFORMATIONAt Pickering College “drive a digital transformation” means that we will leverage the opportunities presented by technology to enhance student experience, community experience (staff, parents, alumni, partners, donors), steward existing relationships, realize new customers and relationships and raise the organization to new levels of effectiveness and efficiency.

Highlights from 2017-2018 Welcomed our first Virtual Leader in Residence, PC alumnus Isaias Medina ‘85. Launched our Global Online Experience for Senior School students. Conducted a cyber-security review. Conducted a highly successful Summit on May 31st with approximately 60.

participants and led by I-Think, to think about what the future of the school might be as we undertake this digital transformation.

ACCELERATE THE GLOBAL LEADERSHIP PROGRAMAt Pickering College, mission appropriate students and other learners and staff independently drive forward projects for lasting global impact, engaging with all members of the PC community and other broader communities in mutually beneficial relationships. Participants in the program draw international interest from prospective families, universities, employers, partners and other influencers and create newsworthy success stories and testimonials.

Highlights from 2017-2018 Implemented second year of the Grade 12 Interdisciplinary Studies in Leadership

(IDC 4O) with students completing a full-day design workshop with clear plans and models for their Capstone Action Plan.

Every Grade 12 student completed an action project for their Global Leadership Diploma. Introduced the Reggio Emilia program in JK to Grade 2 in the Junior School. This is

a program that is student centred that utilizes self-directed, experiential and inquiry based approaches and it fits in perfectly with both the GLP and our Quaker philosophy. Teachers of those grades are now in their second year of implementing this inquiry-based program.

Students and faculty represented Pickering College and spoke at the UNESCO conference.

COMPLETE PHASE 1 OF THE CAMPUS MASTER PLANProviding appropriate learning spaces is one of the highest priorities for the school, while continuing to ensure the long term financial sustainability of our school.

Highlights from 2017-2018 Final stage of site plan approval for the build on North Field. Site plan approval received for the front entrance redesign. Completed detailed design of all academic spaces. Obtained reliable cost estimates of construction. Pre-qualified contractors. Developed strong relationships with the Town of Newmarket and York Region. Financing from the bank is in place. Light The Way capital campaign reached $6.2 million of the $10 million goal.

Build

• Drive a digital transformation

• Accelerate the Global Leadership Program

• Complete Phase I of the Campus Master Plan

PICKERING COLLEGE’S

STRATEGIC DIRECTION

BUILD

FOR THE NEXT THREE YEARS

TO BUILD, TO FUND, TO INNOVATE

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CAPTURE NEW REVENUE (FROM INNOVATION)Generate new revenue from sources (non-tuition revenue, sponsorship, partnerships) and markets (new consumers) that would not normally be considered Pickering College students.

Highlights from 2017-2018 Completed a successful PD Institute in August in partnership with I-Think. Completed a successful STEAM Camp in June. Developing a pilot online program with school in Vietnam (and continuing to see

engagement with other interested parties). Researching timelines and funding for developing and launching online GLP content.

IMPROVE OUR BRAND AWARENESSPickering College’s brand is a living business asset, designed to enhance the connection between the school and its key audiences. It is brought to life across all touchpoints which creates identification, differentiation and value. PC’s brand helps ensure relationships that secure and create financial sustainability by driving demand and engendering loyalty.

Highlights from 2017-2018 Outreach to the Friends Council on Education (the Quaker school association in the

United States) to gather resources for our review on how Quakerism is expressed in our communications as well as in our daily programs.

Engaged “Idea Workshop” to undertake a Brand Review. Environics research is underway to better understand and target key audiences. Working with a Friends school in San Francisco as a model for the communication of

our Quaker background.

INTENSIFY FUNDRAISING AND BUILD ENDOWMENT

Find, build and sustain relationships and processes that result in long-term fundraising success.

Highlights from 2017-2018 Exceeded the fiscal year Light The Way capital campaign target. Exceeded the fiscal year endowment target. Engaged an external consultant to conduct a review of our Development Office

structure. Hired Ann Smiley as our new Executive Director of Development.

EMBRACE DISRUPTIONAll members of staff understand, support and are comfortable with the concept of disruptive innovation, encouraging them to generate new ideas and test those ideas rapidly to allow for iteration, improvement and to generate new income.

Highlights from 2017-2018 Conducted a highly successful Summit on May 31st with approximately 60

participants.

FORGE STRATEGIC COLLABORATIVE PARTNERSHIPSAn efficient, systematic process exists that continually scans the environment for potential partners who can work collaboratively with PC to support the development of a mutually beneficial approach that supports our GLP, facilities development and generates financial results.

Highlights from 2017-2018 Established Board Committee on Strategic Collaborative Partnerships. Conducted several successful prospective partnership meeting: with CEO of

Southlake Regional Health Centre, Lake Simcoe Region Conservation Authority, and representatives from York Region as well as the Town of Newmarket.

Continued to work with UNESCO, I-Think and Facing History and Ourselves.

CREATE A CULTURE OF INNOVATIONA quick and nimble organization in which risk-taking and new ideas are embraced and rewarded; new organizational structures exist to reflect our approach; and all constituents feel a fit in their work and lives whereby they are focusing on the “right” things and are therefore more productive.

Highlights from 2017-2018 Conducted a highly successful Summit on May 31st with approximately 60

participants.

Fund

• Capture new revenue (from innovation)

• Improve our brand awareness

• Intensify fundraising and build endowment

Innovate

• Embrace disruption

• Forge strategic collaborative partnerships

• Create a culture of innovation

FUND INNOVATE

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INSPIRED STUDENTS

JUNIOR SCHOOL HIGHLIGHTS

Pickering College is Canada’s only Quaker-founded school.

Morning Meeting is a time to gather collectively as a school and as a community—in a sense of friendship and shared purpose.

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Grade 5 students Kurt Napone and Ophelia Wang presented on the topic of global awareness at a Junior and Middle School Morning Meeting. Says Kurt: “When we open our minds to the diversity of our world—this can change how we view the world—that is global awareness. When we share common ideas and values, we can begin to find solutions to big global problems.”

The Junior School Green Team encouraged students to bring milk bags from home so that the team could weave them into waterproof, bug-proof mats. Rebecca Liang, in Grade 5, says the team collected over 300 bags that will be made into mats and donated to MILKBAGSunlimited for distribution to people in need, both in Canada and abroad.

Congratulations to Justin Huang, our 2018 Spelling Bee champion, and to Luke Powell, the first runner-up.

The Grade 1 students discussed bones in the body, shared stories about friends or family members breaking bones, and studied and learned about

the human skeleton. They demonstrated their learning in one of three ways: create a human skeleton using natural materials found in the classroom; draw a human skeleton; or use the light table to look at x-rays and then create a human skeleton using clear materials.

Our Kindergarten students led a Morning Meeting where they told fellow students about their initiative, Stockings of Giving. Each Kindergarten student (and their family) filled a stocking for a child of the same age and gender as themselves, helping our youngest students learn about empathy and create awareness of people in need in the community.

One beautiful mid-October morning, Grade 4 students explored Pickering College’s campus with Ms. Lamont, looking for evidence of animal and plant habitats. Students took note of the animals, plants, insects, trees and birds they observed in our own “backyard.”

The Grade 1 class demonstrated their skills in public speaking both

onstage during Morning Meeting and at 102.7 CHOP FM. The students wrote scripts about Halloween safety and were thrilled to present their plays to the Junior and Middle School students and their parents.

Our students in Grades 1 to 3 learned basic engineering and programming skills as a part of their FIRST LEGO® League Junior Aqua Adventure Challenge. They explored the importance of water and its use, following its journey and identifying a problem they could help fix using their model.

Helping Hands, the Junior School community service club, discussed the spirit of giving and prepared holiday donation campaigns to benefit Sandgate Women’s Shelter and Rose of Sharon.

At a poster fair, our Grade 4 students demonstrated what they had learned about endangered animals, how they can help save them, and the connection to environmental stewardship and global awareness, two key areas of focus within Pickering College’s Global Leadership Program.

Grade 4 students worked on a secret year-long project as part of our Be More Awesome initiative. In mid-January, each student chose a member of the school community with whom they wanted to share their sunshine, wrote a letter telling the person how they bring sunshine into the lives of others, and then delivered the letter to the recipient as a surprise.

In April, Pickering College hosted a FIRST LEGO® League showcase, drawing participants from York Region. Teams presented their projects to judges and participated in many STEM activities.

As part of the Environmen-tal Stewardship building block, students in Grade 3

transplanted perennials plants from the Headmas-ter’s garden into the planters in the courtyard. Also, they visited a local garden centre and chose heat-tolerant perennials to add.

A team of 10 Junior School Grade 4 and Grade 5 students represented PC at

the FIRST LEGO® League Regional Competition hosted by Markham District High School in December 2017. The team was coached by Ms. Lamont and Mr. Au Yong.

Grade 2 presented their Reggio Inquiry on cars in Morning Meeting.

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Tyler Yue, Mathea MacRae, Michaela Morra, Yoyo Zhang and Avery Clune attended the CAIS National Student Leadership Conference at Camp Onondaga in Minden, ON, where middle school student leaders from 21 of Canada’s top independent schools discovered how to enhance their leadership skills, provide solutions that have a global impact and implement leadership ideas and strategies.

Thomas Bianco won “Most Innovative” in the junior age category at Aurora’s Youth Innovation Fair. Thomas designed and created an electric toothbrush that dispenses toothpaste within the bristles. The fair featured a wide variety of innovative ideas and inventions created by youth.

Andrei Maris competed in the 2018 Canadian Junior High Speech Nationals in Vancouver, against a field of Grade 8 and 9 students from across Canada in persuasive speaking, interpretive reading, parliamentary debate and impromptu speaking. Andrei placed first in the persuasive speaking category and 10th

in Canada across all four categories.

Grade 6 students worked on an interdisciplinary Social Studies and French Pillar Pursuit, investigating the lives of people who immigrated to New France between 1600 and 1700. During their inquiry, they heard stories about Ms. Bartlett’s ancestors, examined both primary and secondary sources from Les filles du roi (daughters of the king) and les habitants (farmers and first inhabitants of New France), and made pea soup using a 400-year-old recipe.

Krish Gupta and Andrei Maris earned second place in the senior division at the Sterling Hall Cup debate tournament. Danica Khanna and Jennifer Porter

achieved a sixth-place finish in the junior division, in their first competitive debate tournament.

Michaela Morra, Mathea McRae and Maria Correa represented Pickering College at the CIS Ontario Future Design Prize, where they presented their idea to improve the efficiency of health care systems within schools using an app-based program. This event is an opportunity for Grade 6 to 8 students to design solutions to a real-world challenge and pitch them to a panel of expert judges in a competition with other CIS Ontario schools.

Joel Bolivar won the bronze medal in the 3-3-3 event for his division at the World Sport Stacking Competition in Orlando, Florida, meeting his goal

INSPIRED STUDENTS

MIDDLE SCHOOL HIGHLIGHTS

Pickering College has 65 clubs and co-curricular activities.

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of finishing among the top five fastest stackers in the world within his events.

Tyler Yue earned the provincial silver medal in the 13-year-old boys’ division at the Provincial A Short Track Speed Skating Championship.

Thomas Bianco and Emily Zalewski competed as finalists in the Conference of Independent Schools Junior Speech Contest at Royal St. George’s College in Toronto.

Middle School students engaged in inquiry-based Pillar Projects including Code your Robot, Podcasting, Outdoor Classroom Design, Movement and Mindfulness, TinkerCAD Design Challenge, Equestrian Program Design, and DIY Sports. Sessions were facilitated by teachers and staff who are passionate about the topics, but were led by the students’ curiosity, questions and interest.Grade 8 students’ inquiry action projects focused on a local water issue. Their documentary films were shown at Morning Meeting and entered into the Water Docs Film Festival.

The Middle School faculty team made some changes to create a stronger connection between this interdisciplinary undertaking and the curriculum.

The Junior Jazz Band represented Pickering College at the Regional Music Alive Festival. They received an invitation to the 2019 National Musicfest Competition for their performance.

A group of Middle School students ventured into the wilderness of northern Ontario for a winter camping expedition in February.

In a collaboration between French and Art, Grade 6 students studied fables by Jean de la Fontaine, a famous French fabulist. Students discussed the moral implications of the stories and then retold them using artwork.

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INSPIRED STUDENTS

Pickering College students participate in numerous debate competitions with excellent results.

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SENIOR SCHOOL HIGHLIGHTS

Katherine Starr, Samuel Correa and Sebastian Caricari welcomed their exchange partners from Colegio Europeo in Madrid, Spain, in September, and travelled to Spain in March.

Nupur Krishnan received a 2018 Give Back Award from Neighbourhood Network. Nupur’s contributions to the Pickering College community as a member of Youth Action Organization (YAO) and the Community Service Chair, along with her dedication to the local community through her efforts with the Canadian Cancer Society, the Alzheimer’s Society of York Region, the Learning Disabilities Association of York Region and the deaf community have been exceptional.

Leo Li, Daniel Mason, Echo Sun, Meghan Beswick and Celeste Frank attended the Canadian Student Leadership Conference in Waterloo, ON, with Mr. Armstrong. While there, they had a chance meeting with Craig Mtegwa ’17.

Mali Uysal, Duc Huy Tran, Emre Guvenc, Emre Basaran and Jaide Johnston supported the Quakers

from Yonge Street Meeting as they prepared and served dinner at Inn From the Cold, a local shelter. The students found the experience rewarding and eye-opening.

The top finishers for our school in the Caribou Math Contest, who also placed in the top 10 per cent of all participants, included Emre Basaran, Leo Li, Phillip Carson, Jeremy Zhang and Jacob DiCarlo. In the Grade 11 and 12 contest, the top finishers for our school, who also placed in the top 10 per cent of all participants, included Patrick Prochazka (11th overall), Rictol Ren (15th overall), Aden Chan, Lucas Tan and Kenya Kimata.

The Grade 10 Global Leadership Program project, called P.L.A.C.E. (Partnering for Local Action and Community Engagement), asks students to identify and collaborate with a local social-justice organization to advocate for and promote its vision and goals. In a pitch competition, Paris Johnson, Meghan Beswick and Celeste Frank spoke passionately in support of Community Living

and ultimately secured a $2,000 grant for the organization.

In the Canadian Intermediate and Senior Math Contests sponsored by the University of Waterloo, 20 PC students scored above the average, including 11 who earned certificates of distinction. In the intermediate level (Grades 9 and 10), scoring in the top 25 per cent of more than 8,400 competitors and earning a certificate of distinction were Jeremy Zhang, Jacob Di Carlo, Jane Weng and our top scorer and school medal winner Leo Li, who ranked 319th of 4,100 students in Ontario who wrote this contest. In the senior level (Grades 11 and 12), scoring in the top 25 per cent of more than 9,600 competitors, certificate winners were Lucas Tan, Kenya Kimata, Patrick Prochazka, Min Choi, Aden Chan, Rictol Ren and our top scorer and school medal winner Sophia Husein, who ranked 88th of 4,900 students in Ontario who wrote this contest.

Patrick Prochazka, Nupur Krishnan and Melissa D’Amico travelled with Mr.

Thompson to Winnipegfor the 2017 International Independent Schools Public Speaking Competition (IISPSC). This highly competitive tournament involved over 150 competitors from eight different countries. Patrick qualified for parliamentary debate finals and Nupur qualified for persuasive speaking finals.

PC students Michael Wang, Vanessa Gardner, Alan Mao and Annie Zheng attended the 2018 CAIS Leadership Conference with Mr. Armstrong. The conference theme was Finding Your Footing. The students developed their personal leadership style by engaging in group challenges, listening to keynote speakers and undertaking personal reflection.

Twelve PC students par-ticipated in the extremely difficult Canadian Open Mathematics Challenge. Scoring above average and earning a certificate of honours were Min Choi and Lucas Tan. Scoring in the top 25 per cent of participants and earning a certificate of distinction were Sophia Husein, Patrick Prochazka, Rictol Ren, Kenya Kimata and our school champion Aden Chan, who finished in the top 7 per cent.

The Grade 12 students completed their Capstone Action Projects, which tasked them with actually implementing a solution to address their issue. Finalists included Kate Beswick, Hamza Kara, Leticia Ro-drigues, Moira Banks-Bat-ten and the recipient of the Capstone Prize, Nupur

Krishnan, whose solution of a card system for people to use to identify themselves as hearing impaired has been piloted in a number of medical offices in the community.

Eight Senior School students, along with Mr. Peotto and Ms. Drake, experienced a nine-day adventure in Inuvik. Highlights included the Dene Games and the ice road trip to Tuktoyaktuk.

Meghan Beswick won first place in both the persuasive speaking and radio newscast categories and finished fourth overall in the junior division at the Nora McCrae Public Speaking Tournament at Branksome Hall. Emma Kerswill placed third in the dramatic interpretation category.

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INSPIRED STUDENTS

SENIOR SCHOOL HIGHLIGHTS

Twelve Pickering College French students wrote the B1/B2 DELF Exam. Successful candidates receive a diploma issued by the French Ministry of Educaton.

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The Middle and Senior School Drama Club performed a rocking rendition of School of Rock on the stage of the Joseph McCulley Meeting Room. Mali Uysal became Dewey Finn for three consecutive nights and education will never be the same!

Celeste Frank and Michelle Joe-Ezigbo’s submissions to the 2018 InCITE writing competition were shortlisted for honourary citations at the annual Conference of Independent Teachers of English.

Twelve French students wrote the B1/B2 DELF exams at the Alliance Française. Successful candidates receive a diploma issued by the French Ministry of

Education that is valid for life and recognized interna-tionally. Recipients include Sophia Husein, Daniel Mason, Hayden Spiers, Harper James, Grace Robinson, Sophia-Townsend, Brett Earhart, Kayla Lucchese, Emily Strong-Randall, Celeste Castelino, Emily Golding and Mary Gefter.

Mr. de la Bastide’s Grade 12 Law students represented Pickering College in the Judges’ Cup, the York Region high school mock-trial competition. Team members included Kate Beswick, Kaitlyn Scott, Hayden Spiers, Aryan Norouzi-Farsangi, Ray Zhao, Elexis Charles, Jason Chau, Alia Kulyabko and Julien Chretien.

Samuel Correa and Zeynep Eren attended the National UNESCO Schools Network Conference in Winnipeg, hosted by the Canadian Commission for UNESCO. At the conference, they presented their Global Leadership Program Capstone projects to participants.

Ingrid Tai’s painting entitled Daze was chosen from a number of submissions from students across North America to be published in the book Celebrating Art. Ingrid served as Chair of the Senior Arts Council.

Michael Wang is the 2018 recipient of the Farmer Environmental Stewardship Award. He is an enthusiastic member of the Senior Green Team and a vocal and demonstrative advocate for green initiatives in our community.

The Grade 10/11/12 Drama and Grade 11 Communications Technology classes filmed, produced and performed The Great Garreth Cane Caper, an original multimedia drama piece. Students attended the Conference of Independent Schools Drama

Festival, taking part in various workshops with film and theatre professionals. They watched short plays from nearly a dozen CIS schools from across Ontario and the PC ensemble performed to rave reviews from the audience and adjudicator alike.

Experiential reflective and descriptive writing exercises were carried out in the Grade 9 and Grade 10 English classes on site at Blue & Silver Farm.

Phillip Carson competed as a member of Team Ontario at the 2018 Men’s Artistic Gymnastics Eastern Canadian Championships. He finished third all-around with two individual gold medals and is the Eastern Canadian high bar and parallel bar champion (Level 4, Age 13+).

Olesia Semicheva was presented with the Boarder Cup, an award that is presented to the boarding student who, more than any other, exhibits qualities of good citizenship, concern for others, respect for people and property, commitment to the community and those that live within it and the desire to bring out the best in others.

Moira Banks-Batten’s pho-tograph It’s Time to Break the Chains won first place in the photography division of the Town of Newmarket’s Civic Art Contest. She was presented with her award by Newmarket Mayor Tony Van Bynen.

Nupur Krishnan was named the College Scholar in the fall of 2017. She achieved the highest academic average in 2016-2017 in the Senior School during her Grade 11 year.

Josh Pitre qualified to represent Canada in the National Fishing Competition in Tennessee, after placing second in the Ontario BASS Nation High School Championship.

Ava Khansari earned a special citation at the winter Fulford Debate

Tournament, coming in sixth overall in the junior category within a field of 40 competitors.

Patrick Prochazka qualified as one of Canada’s top 20 senior geographers at the Geography National Final and competed on behalf of Pickering College at the International Geography Olympiad (iGeo) in Québec City.

Jenna Skurnac raised over $1,000 for earthquake relief in support of Habitat for Humanity in Mexico. The fundraising dinner (connected to her Capstone project) was undertaken in partnership with local restaurant Made in Mexico.

At the University of Waterloo Programming Competition, Aden Chan earned a certificate of distinction in the senior contest for his top 10 per cent result. In the junior category, Emre Basaran and Patrick Prochazka were one question away from a perfect score. Also scoring in the top 25 per cent of the junior category and earning certificates of distinction were Daniel Jiang, Holly Liu and Diego Sanchez.

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INSPIRED STUDENTS

SENIOR SCHOOL HIGHLIGHTS

Successfully launched a global online experience for our Senior School students.

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Our Global Ideas Institute team of Sophia Husein, Nicole Arruda, Ingrid Tai, Zeynep Eren and Alia Kulyabko was tasked with coming up with solutions to food insecurity in Canada’s North. The team developed an innovative model connecting local hunters to the co-operative grocery store in Kugaaruk, Nunavut. The students designed an app to track food, a point system for those purchasing local food and a cookbook to encourage people to eat traditional foods. They delivered a polished pitch at the Munk School of Global Affairs and were able to answer difficult questions about the scalability and feasibility of their plans.

Headmaster Peter Sturrup, Assistant Head Patrick Peotto, along with Mr. Armstrong, Mr. Simm and Mr. Kupsch, volunteered to take a pie in the face for a good cause. Senior School students raised over $350 for World Vision – Education to purchase school supplies for classrooms in developing countries.

Four staff members and 24 LEAP (Leadership, Exploration, Adventure, Perspectives) students worked together at Blue

& Silver Farm to complete a 20-hour Red Cross Wilderness First Aid course. Students learned a variety of wilderness first aid improvisation techniques and participated in an intensive exercise where they had limited time to diagnose and treat issues including cardiac arrest, hypothermia, sucking chest wounds, fractures and spinal injuries.

The Grade 11 Forces of Nature class travelled to the Kortright Centre in Vaughan, where they put on thigh-high waders and measured the East Humber River’s underwater profile using depth, turbidity and velocity on different parts of the river.

The Grade 10 Canadian History class had the opportunity to visit the Newmarket Historical Society’s First World War interactive trench exhibit at the Old Town Hall.

Nine Grade 11 and 12 Visual Art students attended the Conference of Independent Schools Visual Arts Fest hosted by Trafalgar Castle School in January. The theme of the conference was Gender: Defined and Redefined, and this was

embedded into all aspects of the day, including speak-ers and workshops.

Middle and Senior School students embarked on an overnight adventure north of Manitoulin Island. Many thanks to Lure of the North for this amazing experience.

The Polikon Society hosted its first Pro-Am Debate Tournament, where junior and senior debaters from public and independent schools competed; 22 teams from four different schools.

Six PC students were part of the life-changing World Challenge Peru Trip in March. The students contributed to a community development project outside Cusco, trekked through the challenging Andes, explored the sacred Inca ruins of Machu Picchu, and immersed themselves in Peru’s rich culture. Nupur Krishnan is among the 2018 recipients of the Vimy Pilgrimage Award from the Vimy Foundation. Just 20 students from across Canada are selected each year in recognition of a demonstrated commitment to volunteerism through

“service, positive contributions, notable deeds and bravery.”

The Grade 11 and 12 symphonic band—with the help of some Grade 8 students—took to Main Street in Newmarket to promote awareness for hurricane relief while performing Second Line, a New Orleans-style march.

Moira Banks-Batten’s original children’s play The Girl Who Understood Monsters was performedfor the Junior School in a joint Drama and Writers’ Craft venture.

Grade 12 students Aden Chan, Rictol Ren, Sophia Husein, Tony Zhang andGrade 11 Kenya Kimata earned Level 5 on the AP Calculus AB exam.

In November, all students enrolled in a Senior School French class attended a West African drumming workshop in Toronto. By focusing on the culture of francophone West African countries, this hands-on program enhanced students’ under-standing and appreciation

of diverse French-speaking communities. Amadou, a Francophone musician from Burkina Faso, taught students to play the djembé en français and students also enjoyed a traditional Moroc-can lunch.

Daniel Jiang, Grade 10, placed in the top 3 per cent of the Michael Smith Science Challenge, a national competition that emphasizes logical thinking, and covers material in the science curriculum common to all provinces.

Patrick Prochazka, Aden Chan, Rictol Ren, Lucas Tan, Holly Liu, and Sophia Husein competed in the Canadian Team Mathematics Competition at the University of Waterloo, finishing 5th out of 36 teams.

Music students represented Pickering College in six ensembles at the Conference of Independent Schools Music Festival.

Nine students took part in a life-changing 14-day canoe trip on the Nahanni River in the Northwest Territories

in June, accompanied by Mr. Cope and Mr. Lewis. Known for its white water and rugged terrain, Nahanni is one of the most sought-after paddling adventures in Canada.

Patrick Prochazka won the Caribou Cup for having the highest cumulative score on a series of six Caribou contests.

Thirty-two Grade 10 Healthy Active Living students participated in a mini-triathlon (200 m swim, 6 km bike ride, 3 km run) from Aurora to Pickering College.

Pickering College was awarded Gold Certification from Ontario Eco Schools. The detailed application with completed by Holly Liu, our Ontario Eco Schools coordinator.

Nupur Krishnan and Meghan Beswick finished first overall in the senior and junior divisions, respectively, in the spring Fulford Debate Tournament, competing against 18 other independent schools.

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In December, past and present members of the CHOP FM Board of Directors, Advisory Council, radio personalities, alumni, staff and students gathered to celebrate another successful year of 102.7 CHOP FM and mark the 10th anniversary of the station’s founding.

In February, Middle School students broadcasted their reports on the theme of wisdom for Pillar Day, giving them the chance to learn about different aspects of radio broadcasting.

Tyler Somerville was appointed the first-ever student station manager for 102.7 CHOP FM.

In the spring, Grade 5 students learned about civic engagement firsthand by interviewing elected officials on 102.7 CHOP FM. The interviewees ranged from mayors and councillors to cabinet ministers in the Ontario Legislature and a Member of Parliament.

The Senior Girls’ Volleyball team recently volunteered with Girls Incorporated York Region for a session at Maple Leaf Public School in Newmarket. The team ran a volleyball clinic for 14 girls aged 9 to 11 as part of their after-school program. The organizers of the program commented on the PC girls’ organization, positivity and patience. They were outstanding role models for their young fans!

The Senior Boys’ Soccer team fought hard to win the Conference of Indepen-dent Schools Athletics Association (CISAA) Division III championship game against Albert College in the fall, bringing home the gold.

The Junior Girls’ Volleyball team won the CISAA Division III championship game 3-0 against Trafalgar Castle, with every player on the roster contributing to the team’s success on the court to bring home gold.

In the spring, the Ultimate Frisbee team completed a perfect season, finishing with a 7-0 record, earning gold by dominating their competition with speed and agility on the field.

The Senior Girls’ Track and Field team earned two gold and four silver medals to win the CISAA Senior Girls’ Division 1 Track and Field championship in the spring.

Brooklyn Wodehouse swam her way to gold and bronze at the Ontario Federation of School Athletic Associations

(OFSAA) swimming championships, competing in the 15 and over girls’ 100-metre breaststroke and the 15 and over girls’ 100-metre individual medley. Hayden Spiers also competed at OFSAA in the open boys’ 100-metre butterfly with a sub-1:00 time in the preliminaries, finishing in 11th place.

Lauren Da Silva was our Athlete of the Year. She received her award at the spring Athletic Awards.

Another edition of the Voyageur was published by editor Carolyn Wang, photo editor Tony Zhang, and junior editors Jacob DiCarlo and Leo Li. The impressive cover celebrating the school’s 175th anniversary was designed by Damian Larice.

CHOP FM HIGHLIGHTS CO-CURRICULAR HIGHLIGHTS

INSPIRED STUDENTS

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LEADERSHIP HIGHLIGHTS

Middle School teacher Amanda Hamm was chosen as the 2017 recipient of the Class ACT Award from the Critical Thinking Consortium.

Janet Downer, Director of the Middle and Senior School, went to Kenya, where she presented a cheque for $5,000 to Community Health Africa Trust, providing reproductive and women’s health care in the country’s rural areas. She also met with Philip and Margaret, two students PC helps through The Small Project.

Graham Birt, Senior School faculty, travelled to Pyeongchang, South Korea, for the Winter Olympic Games. The school’s head of Health and Physical Education reprised his role as a member of athlete services at the Canadian athletes’ village.

Steve Cope, Senior School Geography teacher, was named Canadian Geographic magazine’s teacher of the month in March.

Coaches Cristy Drake, Joshua Armstrong and Jason Simm attended Ryerson University’s Hoopfest Coaches Clinic. One of the guest speakers was Coach Geno Auriemma, the head coach of the University of Connecticut women’s basketball team. Coach Auriemma recently celebrated his 1000th win, has 11 NCAA Division I titles and two gold medals. Steve Baur, the assistant coach of the Canadian women’s national team,

was also one of the speakers.

Glenn Connors, Middle School faculty, travelled to Philadelphia to participate in the AMLE conference, where he presented a session titled Improving Student Reflection through Screencasting and a Growth Mindset.

Junior School faculty members Alexis Furlan and Heather Smith travelled to Italy for Reggio Inquiry training.

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STATEMENT OF OPERATIONS

For the year ended June 30 2018 2017

REVENUE

Tuition and other program related revenue $ 15,780,060 $ 14,725,033

Auxiliary programs 1,405,202 1,357,940

Donations and fundraising 435,263 293,111

Rental and other income 314,193 327,270

Investment income from long term investments 266,851 293,395

Total Revenue 18,201,569 16,996,749

EXPENSES

Instructional and co-curricular programs 9,228,065 8,685,283

Instructional/residential/arena buildings maintenance & grounds 2,493,882 2,471,933

Advancement 1,620,423 1,489,857

Management, administrative and operations 1,580,648 1,415,865

Auxiliary programs 1,007,854 896,683

Scholarships and bursaries 916,150 895,450

Interest expense on long-term debt 7,542 21,620

16,854,564 15,876,691

Excess (deficiency) of revenue over expenses before items below 1,347,005 1,120,058

Amortization of property, buildings and equipment (372,024) (366,242)

Amortization of deferred capital contributions 71,048 71,215

Net change in unrealized gain (loss) on long-term investments 3,230 181,875

Excess (deficiency) of revenue over expenses for the year $ 1,049,259 $ 1,006,906

The above Statement of Operations is an excerpt from the complete Audited Financial Statements. Complete Audited Financial Statements, including notes are available upon request from the school’s Business Office.

EXPENDITURES WITH THESE FUNDS

2018 2017

Debt repayment $ 225,000 $ 225,000

Capital projects 1,329,195 1,211,354

Total $ 1,554,193 $ 1,436,354

REVENUEIn terms of diversifying our revenue sources, the national benchmark targets 90% of total revenue to come from tuition and fees and 10% from other sources. In 2018, parents paid tuition and fees representing 86.7% (86.6% in 2017) of PC’s total revenue. Auxiliary programs represents to 7.7% (8.0% in 2017), investment income represented 1.5% (1.7% in 2017) and donations and fundraising revenue was 2.4% (1.7% in 2017) of total income. Finally rental and other income represented 1.7% (1.9% in 2017) of total income.

Overall revenue has increased $1.2M or 7.1% to $18.2M. This is mainly as a result of the increase to 427 students and a 3.5% tuition increase. Auxiliary program revenue grew slightly to $1,405,202 ($1,357,940 in 2017) with the introduction of a two week STEAM Day Camp at the end of June and with slight increases in

OVERVIEWThe academic and fiscal year ending June 30, 2018 has been a very successful one for Pickering College (PC). We have been focused on implementing the Global Leadership Program, growing our student population, capital projects and funding strategies.

PC had planned on 425 students (411 students in 2017) with 126 boarding students (116 students in 2017) and 299 day students (295 students in 2017) and a planned excess of revenue over expenses of $796,775. These funds were to be available to repay the Bank of Montreal loan and to reinvest in capital projects across the campus. Our actual enrolment for 2018 resulted in 427 students, two students above our target, and 16 more than in 2017. This was comprised of 119 boarding students and 308 day students. We actually had three more boarding students than 2017 (seven less than targeted) and 13 more day students (nine more than targeted).

STUDENT ENROLMENT 2017/18 2016/17

The majority of our student growth came as we targeted to grow the Middle School with two classes of each of Grade 6, 7 & 8. 2017/18 2016/17

The 2018 audit was successfully completed by Grant Thornton. Please note that the auditors have provided a clean opinion.

For the 2018 year, PC is reporting an excess of operating revenues over expenses of $1,347,005(1,120,058 in 2017) before net amortization costs of ($300,976) and net change in unrealized gain on investments of $3,230. These funds were used to make the final loan payment to the Bank of Montreal ($225,000) and $1,329,195 was invested into capital projects, for a total expenditure of $1,554,195.

FINANCIAL ACCOUNTABILITY For the year ending June 30, 2018

308 day students

+119 boarding students ______ 427 total students 2017/17

87 junior school

95 middle school

+245 senior school ______ 427 total

85 junior school

79 middle school

+247 senior school ______ 411 total

295 day students

+116 boarding students ______ 411 total students 2016/17

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Instructional expenses totaled approximately $9.2 million in 2018 ($8.7 million in 2017). PC spends approximately 55% of its total operational budget on direct instructional and co-curricular program costs with salaries and benefits representing 78% of that total. Our investments this year included salary grid movement for faculty as well as a 1.0% salary increase for all staff, growth in instructional staffing and program expenditures.

Advancement costs (Admission, Development, Alumni and Parent Relations and Communications) have increased by 8.8% over last year, totaling $1,620,423 ($1,489,857 in 2017). This increase includes the Gala event costs, as well as increases in Communications (website updates, 175th Anniversary, printing increases) We continue to analyze student retention and new recruitment strategies to ensure that we are always looking and planning ahead for enrolment as this drives such a large part of our financial success. Please note that recruitment spending in the 2017/2018 fiscal year results in the new students in September 2018.

Management, administration and operations costs were 11.6% ($164,783) higher than prior year, but only 2.7% or $42,080 above budget. This increase included a 1.0% salary increase, equity adjustments to compensation, CAIS accreditation costs, strategic planning consulting costs, significantly increased recruitment costs and an increase in legal fees. This line includes costs in relation to the operation of the Headmasters office, Assistant Heads, Business Office, Human Resources and Reception. In addition, it includes school-wide infrastructure costs and professional fees, such as legal and audit fees.

ENDOWMENTS Endowments in 2018 grew by $175,555, most notably with growth in the Spring Family Scholarship and the Peter Widdrington memorial fund. Continued growth in the Scholarship and Bursary funds is one of the key strategies to continue to attract and grow the student population at PC. Scholarships and bursaries increased over the previous year, with a 2.3% (41.2% in 2017) increase. In 2018, 20% of all students received financial aid. We were able to award the same number of students financial aid, but in particular increase the average award to our boarding students.

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both school stores with an increase in the number of students. Long-term gross investment income earned during 2018 totaled $330,527 ($356,985 in 2017). The long-term investment portfolio earned a 5.2% rate of return in 2018 as compared to 5.9% in 2017. It should be noted that $63,676 was paid in management fees, resulting in net long-term investment income of $266,851 in 2018 ($293,395 in 2017).

Rental and other income of $314,193 has decreased from $327,270 in 2017 with less large event facility rentals and less short term investment income. Rental and other income is actually above target by 8% with increased facility rentals, but less than 2017.

During 2018, there continued to be a focus on building the school’s philanthropic culture. With a very dedicated volunteer group and the help of our generous PC community, a total of $1.64 million was raised. Our 2018 funds raised can be broken down as $446,689 was raised through the Annual Giving, $175,555 was donated to endowments and $1,019,934 was received in support of the new Campus Master Plan.

2017/18 GROSS FUNDRAISING REVENUE

In the generation of the capital campaign funds, expenses were also incurred (2018-$256,949) resulting in net campaign revenue of $762,984. In the generation of our special event revenue, $158,585 was incurred in direct expenses resulting in net event revenue of $145,918.

EXPENDITURESOverall, total expenditures have grown by $977,873 or 6.10% to a total of $16.9M with investments in people and programs. This increase was less than budgeted.

WHERE DID WE SPEND OUR MONEY?

SCHOLARSHIP DATA2017/18 2016/17

DOLLARS AWARDED $ 916,150 $ 895,450

Percentage of boarding students on aid 23% 25%

Average award-boarding student $ 23,981 $ 20,759

Percentage of day students on aid 9.0% 10.5%

Average award-day student $ 10,348 $ 10,273

55%

5%

6%9%

10%

15%

INSTRUCTIONAL & CO-CURRICULAR PROGRAMS

AUXILIARY PROGRAMS

ADMINISTRATIVE

ADVANCEMENT

FACILITY SERVICES/ARENA AND GROUNDS

SCHOLARSHIPS AND BURSARIES

0

500,000

1,000,000

1,500,000

BUDGET

$1,000,000

$50,000

$260,000

$125,000

ACTUAL

$1,019,934

$175,555

$304,503

$142,186

CAPITAL CAMPAIGN

ENDOWMENT

ANNUAL GIVINGSPECIAL EVENTS

ANNUAL GIVINGINDIVIDUAL GIVING

ACTUAL

$1,642,178 BUDGET

$1,435,000

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As our endowments grow, our ability to award more scholarships and bursaries will also increase. A healthy endow-ment and a strong financial aid program are a key strategy to attracting and retaining students and potentially reliev-ing tuition increase pressure and affordability concerns for families in the future. Focused attention on our fundraising and donations program is how we increase our endowment funds.

SUMMARY STATEMENT OF FINANCIAL POSITION

For the year ended June 30 2018 2017

ASSETS

Current assets $ 13,048,610 $ 11,781,449

Long term assets 36,217,879 35,035,036

49,266,489 46,816,485

LIABILITIES

Current liabilities 15,892,839 15,315,237

Long term liabilities 7,005,156 6,317,501

22,897,995 21,632,738

NET ASSETS

Investment in property, buildings and equipment 26,414,345 25,161,126

Internally restricted 22,315 22,315

Restricted for endowment purposes 5,852,038 5,764,303

Operating reserve (5,920,204) (5,763,997)

26,368,494 25,183,747

$ 49,266,489 $ 46,816,485

The above Statement of Financial Position is an excerpt from the complete Audited Financial Statements. Complete Audited Financial Statements, including notes are available upon request from the school’s Business Office.

LIQUIDITY AND NET ASSETSPC’s cash and cash equivalents have increased over last year. Our overall cash and cash equivalents totaled $11,410,322 as at June 30, 2018 ($10,276,311 in 2017). A key driver for the increase in cash-flow is both growth in cash from operations and capital donations. PC continues to closely monitor cash flow.

Overall, net assets have increased to a total of $26.4 million. Our investment in property, plant and equipment has grown due to the capital projects completed and our endowments have grown with donations. The operating reserve has decreased from ($5,763,997) in 2017 to ($5,920,204) as at June 30, 2018.

CONCLUSIONOverall, 2018 should be considered a very successful year for Pickering College, as we continue to grow our student population, grow our programs and invest in our recruitment initiatives and future facilities.

ENDOWED FUNDS

As at June 30 2018 2017

SCHOLARSHIPS AND MEMORIAL FUNDS

1985 bursary fund $ 100,100 $ 100,100

Harry M. Beer memorial fund 297,212 295,480

C.R. Blackstock memorial fund 204,065 204,065

Richard Hayden memorial fund 25,000 25,000

Helen and Henry Jackman fund 179,126 179,126

Kirshenblatt and Miller fund 25,000 25,000

Gertrude L’Anson fund 35,000 35,000

Edward M. Lau ‘81 memorial fund 128,353 133,033

Joseph McCulley memorial fund 531,717 531,717

R.S. McLaughlin memorial fund 200,000 200,000

Harvey Ng bursary fund 51,300 54,189

The Robert and Shirley Prittie bursary fund 313,885 321,223

Promise fund 135,664 136,911

Gerry and Anita Smith fund 61,117 60,632

Spring Family scholarship fund 2,073,229 2,051,975

Peter Widdrington memorial fund 230,900 181,347

Barney Jackson memorial fund 148,958 148,958

Other 117,463 95,329

4,858,089 4,779,085

OTHER ENDOWMENTS

Allan family fund 160,832 158,382

Keith “Booker” McLaren fund 87,126 86,802

Cyril Howarth memorial fund 10,804 10,804

Eric Veale memorial arena fund 122,176 122,176

Josh Weinzweig memorial fund 82,175 79,588

25th Anniversary Celebration fund 26,386 26,386

Other 5,140 5,000

494,639 489,138

SUB-TOTAL before unrealized gain (loss) 5,352,728 5,268,223

Unrealized gain (loss) on restricted endowment funds 499,310 496,080

TOTAL $ 5,852,036 $ 5,764,303

The scholarship and other endowment funds represent accumulated donations to the School which have been externally restricted for endowment. Some fund balances include accumulated interest that has not yet been awarded. As a result there are times when a total fund balance goes down, if some of the accumulated interest is awarded. At June 30, 2018, the closing balance of $5,352,728 includes $5,033,529 of restricted principal and $319,199 of accumulated investment income. Funds with a balance of at least $25,000 are shown indvidually, and all of the other scholarship funds are grouped together as Other. The Other includes the Cummer, Allen Drevnig, Al Jewell, Don Kellock, Craig McGillivray, Don Menard, J.B. Mossop, Don Race, Jack Rayner, Donald Stewart, War, and Mary E. White funds.

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PICKERING COLLEGE16945 Bayview Ave.Newmarket, ON L3Y 4X2Canada

Web: www.pickeringcollege.on.caEmail: info@pickeringcollege.on.caVoice: (905) 895-1700