2018-19 Charles Wright Academy Annual Report
Dear CWA Families, Friends, and Benefactors –
We are pleased to share with you the Annual Report on the financial health of Charles Wright Academy in the fiscal year of July 1, 2018–June 30, 2019. As members of our school community, it is you who have generously committed tuition dollars and philanthropic gifts to our successful operation of the school, and we feel a respectful obligation to inform you as to how that money has been spent. As a mission-driven not-for-profit business, it is our duty to direct our revenue toward fulfilling our mission promise to our students, future students, and you.
As you will see from the information provided, we have once again received an unmodified and clean opinion from our independent auditor. Year to year the balance sheet shows our assets remain strong, and our annual operating profit/loss for the year shows a small revenue surplus.
Each winter our board approves a budget created by school leadership that is well-managed by our CFO and the accounting office. Division and department heads steward our resources directed toward enriching our school program in our commitment to create an exceptional experience every day for every student.
All of this is predicated on your commitment and generosity in volunteering your time and resources. While the report is a collection of numbers, they tell a healthy financial story, and that is your story. We give great thanks to our parents, staff, families, alums, and friends of Charles Wright Academy—to you—for your generosity and care in sustaining the great programs and experiences for our students. We are doing great things together!
Once a Tarrier, ALWAYS a Tarrier!
Charles Wright Academy Head of School
Charles Wright Academy Board of Trustees Chair
We are grateful for your steadfast support of Charles Wright and are honored to share the 2018-19 Annual Report with you. Each year, we ensure that we are using your gifts wisely, and we honor your commitment to us by reporting on your investment. There are many numbers we watch closely to measure our progress.
Philanthropy makes the exceptional student experience possible. Your individual gifts enrich the student experience by providing access for students, enhancing programs in and outside the classroom, and elevating the learning environment. Thank you for making our students your philanthropic priority. We appreciate your loyalty and support.
The Annual Fund provides critical resources for Charles Wright—a steady stream that keeps the school moving. Your philanthropic support makes up most of the difference between the actual cost of educating each child and what is covered by tuition. Annual Fund gifts supplement funding for technology and instructional materials; provide faculty with the best resources available; bolster financial assistance for qualified students; and ensures that Tarriers can explore the visual and performing arts, athletics, world languages, music, the great outdoors, scientific research, and experiential education.
We wish to extend our sincerest thanks to the donors who made gifts to the Annual Fund between July 1, 2018, and June 30, 2019. Your generosity allowed for $430,935 to be immediately invested in the CWA experience for students and teachers during the last academic year.
The Impact of Giving
New Modern, Research-Based Playgrounds
Last year, fifth graders conducted research on outdoor play to discover what kind of playground inspires active, joyful learning. Your gifts to Charles Wright made their ideas and recommendations a reality! Our new playgrounds allow students to experience the adventure and wonder of learning outside. These spaces let kids discover their surroundings and cultivate skills like problem solving, negotiation, and healthy risk-taking. Because of the generosity of Tarriers who give, CWA students have the kind of outdoor experiences many of us remember from our own childhoods.
Updated Middle School Commons
The newly updated Middle School Commons features a sophisticated wall mural of evergreen trees to symbolize our 107-acre campus. The space is branded with our shades of CWA green and a three-dimensional installation of our iconic crest is the backdrop of the stage. The mission is also on display for the entire community to see, reminding us every day of our commitment to active, joyful learning. Your gifts created a better space for our students to gather.
Updated Upper School Commons
This summer, the Upper School Commons went through a dramatic update to show school spirit and Tarrier pride. Students use the Commons for a wide variety of purposes, and this update adds visual reminders of CWA’s core values and mission, metal installations of the iconic CWA crest, chalkboard walls for student messages, a visual representation of the “Go Tarriers” cheer, and a new rendition of Spike’s Spirit Shack! Because of the generosity of Tarriers who give, students can now learn, play, dine, socialize, and gather in a space that reflects the spirit and energy of the Upper School.
Faculty Professional Development
Charles Wright educators have the opportunity to receive professional development that ensures all Tarriers have access to the latest trends and research in their respective areas. Lower School faculty participated in the Teton Science School professional development, which focuses on connecting experiences outside the classroom to academic skills, thanks to 2018 Fund A Need donors. Our teachers also traveled to a variety of workshops to develop their knowledge about topics such as social emotional learning, art education, design thinking, literacy instruction, and math education. The continuing growth of our teachers is one example of how your gifts impact the lives of students and faculty every day.
The vibrant spirit of the Charles Wright Academy community came alive on March 16 for Spirit Auction 2019: Havana Nights. 333 guests and remote mobile bidders generously gave $400,042. We are so grateful that the proceeds of this event will benefit the students of Charles Wright Academy!
The $161,350 raised during this year’s Fund-A-Need goes toward an updated child-centered playground and the Diane Hunt Outdoor Classroom. These facilities will ensure our students, preschool through grade 12, will have the same kind of rich and meaningful experiences of playing and learning outside that many alumni had when they were young.
We extend our deepest gratitude to our lead sponsor, Titus-Will Automotive Group, and co-chairs Trevor ’93 and Cassandra Will for leading a coalition of volunteers who delivered a gorgeous evening in support of the CWA experience.
Thank you to all of the families, faculty, staff, and friends of Charles Wright who supported the Spirit Auction. Because of you, current and future Tarriers will continue discovering their passions inside and outside of the classroom.
HEMINGWAY SPONSOR - $10,000
- Titus-Will Automotive Group
COHIBA SPONSOR - $5,000
- Columbia Bank
MOBILE BIDDING SPONSOR - $4,000
- Sound Surgical Arts
FAIRLINE SPONSOR - $3,500
- Aesthetic Surgery Centre
- LaborWorks Industrial Staffing Specialists
- The Rush Companies
BURUMBA AFTER-PARTY SPONSOR - $3,500
- Fournier Insurance Solutions
CHA CHA SPONSOR - $2,000
- Life Point Law
SIGNATURE DRINK SPONSOR - $1,000
- Pacific Brewing
SALSA SPONSOR - $750
- Kevin Bozich Luxury Properties
RUMBA SPONSOR - $500
- Douglas J. Knight Orthodontics
- Fircrest Children's Dentistry
- Alaska Weathervane Scallops
- Cort Party Rental
- Gene Juarez Salons & Spas
- Jonz Catering
- M Agency
- Middleton Family Wines
Campaigns, especially those that fund endowments, are an investment in the future of Charles Wright. An endowment is a gift or a bequest of money or assets to an organization that is then invested to provide vital and long-lasting support to the school. Gifts are invested, and the investment income that is generated from the principal amount is used to support a purpose specified by the donor. CWA’s overall endowment comprises 42 endowments, covering general support for CWA as well as specific purposes such as financial aid, faculty salaries, professional development, and the science and math departments.
Thank you for making your best investment—in the future of our students.