2023-2024 Impact Report : simplebooklet.com

Crescent School is committed to forward-thinking progress in both curriculum development and the physical spaces where we learn and come together as a community. This is essential as we meet evolving educational needs and maintain institutional excellence.The Crescent Diploma, which began its rollout in 2022/2023, is one case in point. It exemplies the relevant and future-ready knowledge, character-infused curriculum, and signature experiences that make a Crescent education distinct, and prepares our graduates for a changing world.In a similar spirit of progress, the Our Way Forward campaign, launched this spring, underscores our unwavering commitment to advancing our mission. The campaign focuses on community spaces to better meet our needs and endowed nancial assistance to broaden access so more deserving boys can benet from a Crescent education for generations to come. Crescent is well-positioned to meet the needs of the future. This report celebrates the profound generosity of our community. It shines a light on the impact that philanthropy has on our school and our students as we work together to advance our mission.2 CRESCENT SCHOOL

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This year has been a testament to the dynamism that deﬁnes our school—a place that never sits still, where tradition and progress go hand in hand, and where our commitment to developing boys of promise into men of character continues to evolve in inspiring ways.This year we launched Our Way Forward, a $65 million fundraising campaign that will have a transformative impact on our school. With your support, we are strengthening the very foundation of our community. Our Way Forward will bring to life a new community hall, a welcoming new entranceway for Lower and Upper School students, additional spaces where students, faculty and sta can collaborate, and a signicant expansion of our endowment that funds student nancial assistance. These initiatives are not merely enhancements—they are investments in the experiences, connections, and opportunities that make Crescent extraordinary.My profound thanks go to the dedicated volunteers who lead our committees that make this work possible. As Chair of the Crescent Foundation, Lesley Marks P’21, ’23 continues to demonstrate strategic thinking and nancial acumen that are vital in shaping the foundation’s impact and enduring success. We welcomed John Reucassel ’87, P’19, ’24, ’27 as Chair of the Development Committee, a role he took over from George Mavroudis P’18, ’26. These individuals set the standard for what true servant leadership looks like. Their vision and dedication have been instrumental in guiding our ambitious Our Way Forward campaign. Your belief in our mission empowers us to prepare our boys not just for success in their future endeavours, but for lives of character and purpose. Thank you for walking alongside us as we chart this exciting course forward.With gratitude,Michael Fellin P’245IMPACT REPORT 2023/2024

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I can condently say that, regardless of generational dierences, Crescent has a similar impact on every boy who walks the school’s halls. Each year presents new challenges and opportunities, and I would like to take this chance to recognize the incredible success we’ve had in 2023/2024. We publicly launched the Our Way Forward campaign and we couldn’t be more thrilled with its progress. This would not have been possible without the support we received from donors through Major Git donations, Parent Annual Giving, Alumni Reunion Giving, gits to the capital projects and to the endowment, expendable gits, legacy gits and everything in between. In addition to the funds raised for the capital projects of the campaign, we’ve been able to grow our Endowment fund to $26.9 million. This year, 47 deserving boys were supported through Student Financial Assistance and even more will benet in the future. I am also particularly grateful to my Crescent brothers for their support in the naming rights for the Alumni Community Hall, a space at the heart of our campus that will nurture and celebrate the spirit of community that denes Crescent School.This is an incredibly exciting time and I am eternally grateful for the alumni, parents, grandparents, and friends of Crescent who have contributed to our many causes. Sincerely,Jamie Lougheed ’87, P’18Crescent has played a pivotal role in who I am and will continue to inﬂuence the person I will become. 2023/2024 Advancement Teams Development Jamie Lougheed ’87, P’18, Chief Advancement OcerKathryn Foster, Director of DevelopmentLeslie Belzak, Associate Director of DevelopmentWendy Jacobs, Associate Director of Alumni Relations Barb Shearer, Senior Development Ocer, Annual Giving and StewardshipClaire van Nostrand, Development and Major Gits Ocer Anna Melnychuk, Advancement Services and Database Coordinator Zoë Hynec, Parent Relations & Event CoordinatorMarketing and Communications Lynda Torneck, Director of Marketing and CommunicationsKristin Foster, Marketing and Communications SpecialistKarenna Boychuk, Graphic Designer and Visual DocumentarianEnrolmentRichard Vissers, Director of Enrolment and Financial AssistanceMerrick David, Assistant Director of EnrolmentBrandi Parrent, Coordinator, Enrolment Associate 7IMPACT REPORT 2023/2024

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Over the past year, both equities and bonds performed well as markets responded favourably to the resilience of the US economy and moderating ination trends. Bond prices moved up modestly and were boosted by the start of central bank easing in several regions around the world. The Bank of Canada moved decisively to lower its policy rate to support a slowing Canadian economy. Conversely, equities experienced much stronger returns with global equities skyrocketing almost 25% in Canadian dollars. With a balanced portfolio of bonds and Canadian and Global equities, the Crescent School Foundation investment portfolio experienced strong overall investment returns for the year. Thanks to the generosity of our donors, 2023/2024 contributions were directed toward key initiatives of the Our Way Forward campaign, including capital projects and Student Financial Assistance. A special thank you goes to the Class of 2024 parents, who raised an impressive $71,769 in support of endowed Student Financial Assistance.Over this period, the Foundation disbursed $1,107,702 to support various School programs with approximately 82% directed to needs-based Student Financial Assistance. This annual disbursement continues in perpetuity ensuring critical funding to key programmatic areas that directly benet our students.The Foundation’s Board of Directors regularly reviews nancial reports on both a quarterly and annual basis, ensuring that the Foundation’s policies align with its mandate and that assets are preserved and grown for future generations.As Chair of The Crescent School Foundation, I would like to extend my thanks to the Advancement and Finance teams at Crescent School for their dedication to the Foundation’s success, as well as to my fellow Directors for their ongoing commitment to safeguarding and expanding the endowment. Sincerely,Lesley Marks P’21, ’232023/2024 Foundation BoardFoundation DirectorsLesley Marks P’21, ’23, ChairDominique Barker P’25Geo Bertram P’30Rita Caporiccio P’17,’20Liz Chow, P’27Christopher John P’26Bob Livingston P’02, ’05, ’07 Jay McConnell ’12Jeremy Millard ’95W. Ian Palm ’85Jonathan Pollack ’89, P’23, ’25Nicholas Warwick ’06OcersAndy Feng, Treasurer, Director of Finance Kathryn Foster, Secretary, Director of DevelopmentEx-OcioMichael Fellin P’24, HeadmasterJamie Coulter ’87, P’21, Chair of the Board of GovernorsJamie Lougheed ’87, P’18, Chief Advancement OcerArjuna Kadawathage, Chief Financial Ocer As of June 30, 2024, the Crescent School Foundation’s endowment stands at $26.9 million. 9IMPACT REPORT 2023/2024

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This past year was my rst as Chair of the Development Committee. Our committee continues to build upon the fantastic work initiated by former Chair George Mavroudis P’18, ’26. I am thrilled to announce that we have achieved just over 90% of our $65 million campaign goal thanks to the School’s remarkable fundraising endeavours. Our Parent Annual Giving program continues to thrive and is recognized as one of the best among Canadian independent schools. This year alone, $1.1 million was raised by parents through this program. Our Major Git fundraising had a fantastic year as well, accumulating over $5 million, with funds being allocated to the Master Campus Plan and Student Financial Assistance. We are focusing our Alumni fundraising eorts on the naming rights for our new community hall, a place where students and sta can gather to eat, work, and learn together. With this in mind, we have set the goal of raising $3 million towards the project. As an alumnus, I am touched to see the generosity of our Crescent brothers, who last year raised over $1.2 million for the Master Campus Plan. This couldn’t be a more exciting time at Crescent. The new additions that will soon be a part of campus will make our school an even livelier place for everyone in the Crescent family. As a father who has seen rsthand the power of a Crescent education, I extend my sincere gratitude to everyone who has contributed to our campaign, our future success is also yours. With your ongoing support, we can continue shaping our boys of promise to become outstanding men of character.Sincerely,John Reucassel ’87, P’19, ’24, ’27In 2024, Crescent launched the Our Way Forward campaign, an exciting $65 million dollar project designed to promote community, identity, and the Crescent legacy. 2023/2024 Development CommitteeJohn Reucassel ’87, P’19, ’24, ’27, ChairRose Campione P’23Rita Caporiccio P’17, ’20Christene DeGasperis P’24Jessica Howe P’27Bob Macdonald ’85, P’13, ’17, ’29Jonathan Pollack ’89, P’23, ’25Cee Cee Robertson, P’20, ’28Steven Rosenhek P’21, ’25Kevin Teng P’23, ’24Henry Zhao P’23, ’25Ex-OcioJamie Coulter ’87 P’21, Chair of the Board of GovernorsMichael Fellin P’24, HeadmasterJamie Lougheed ’87, P’18, Chief Advancement Ocer Kathryn Foster, Secretary, Director of DevelopmentLeslie Belzak, Sta Support, Associate Director of DevelopmentBarb Shearer, Sta Support, Senior Development Ocer, Annual Giving & Stewardship11IMPACT REPORT 2023/2024

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Paul and Angela Simcox have witnessed the power of Crescent’s education ﬁrsthand on their three boys who attend the school: Aidan ‘26, Nathan ‘28, and Emerson ‘34. Seeing the impact the school has had on their children, the family chose to support the Our Way Forward campaign, making a pledge in 2021 and an additional commitment in 2024. Paul also gives back to Crescent through his involvement on the Board of Governors and Facilities Committee.“We believe it is rare to nd an educational institution that has chosen a ‘way forward’ based on character and integrity. We are grateful that our children are educated on this foundation, and grateful to contribute to this mission. Crescent’s character approach has created sincere friendships for our children and ourselves and means a lot to our family.The school relies on the support of our parents and alumni to grow its economic stability and standards deserving of its mission. Taking steps forward to protect and enhance Crescent’s ability to deliver for both current families and future generations is an important responsibility.We are condent our donations and donations given by others will inspire more parents and alumni to participate with conviction. Finally, most personally and simply, we hope our contributions inspire our own children to do the same for their children in the future.”Paul & Angela SimcoxTHE SIMCOX FAMILYDONOR PROFILE13IMPACT REPORT 2023/2024

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Funds raised for the campaign will support four campaign priorities including a new community hall, the Lower and Upper School entrance, a student commons, and growing our endowment, which fuels our Student Financial Assistance program. Thanks to our campaign donors, we were able to acquire the Bob Rumball property, which will provide the school with an additional seven acres of space and unlimited growth potential. While its development is reserved for a future campaign, securing the only bordering parcel of land was a crowning early achievement of this current fundraising eort.Since 2016, over 180 families have supported the Our Way Forward campaign through a major git of $25,000 or above. This year alone, we were able to raise $6.4M through major git fundraising and Parent Annual Giving combined. We achieved 90% of our $65 million campaign goal by the end of the 2023/2024 school year, and we are tremendously grateful to the current and past parents, grandparents, and alumni who share in our vision of the future. With extensive campus enhancements and opportunities for our boys, it represents the next evolution for Crescent School. IMPACTOur Way Forward is the most ambitious fundraising effort in Crescent’s history. The $65 million campaign will forever change the face of Crescent and beneﬁt our boys for generations to come.15IMPACT REPORT 2023/2024

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DONOR PROFILECommunity is an integral part of the Crescent experience and something that the Singer family knows very well. Scott Singer ’98 and Mia Singer, President of the CPA, are parents to William ’25 and Teddy ’29. With their generous contribution, further strides were made toward the Alumni naming rights for the community hall, a place for boys present and future to nourish their bodies and souls, and form bonds that will last a lifetime. “The announcement of the Alumni Community Hall Project brought us forward; as a former student, I recognized that the dining facilities had not changed since my time at the school. We believe there is a tremendous benet to creating a new space where students can retreat midday while developing important social skills over a meal.Our children enjoy many areas of the school my generation never had. If it were not for those families who chose to continue to invest in the school ater I let, my children and your children wouldn’t benet from the facilities they enjoy today. Every generation of Crescent students has a duty to invest in the next, as did those who preceded us. This is how we can ensure a prospering student experience for generations to come. Our family’s git to those who come ater our boys is the Alumni Community Hall.”Mia and Scott SingerTHE SINGER FAMILY17IMPACT REPORT 2023/2024

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A warm and welcoming space for our students to spend their time—whether that be sharing a meal together or working on school projects—can facilitate these bonds. One of the priorities of the Our Way Forward campaign is a new, state-of-the-art community hall, which will become the very heart of our campus. More than a dining hall, it will be a glowing beacon that nurtures and celebrates the spirit of community that denes Crescent School. The community hall will provide much-needed space for the over 1,000 students and sta to enjoy lunch each day. Generously scaled with soaring ceilings and expansive windows, it will be an inspiring space for students to enjoy lunch and social interactions. As the only GTA school with a full-service lunch program included in tuition, Crescent warrants such a grand space.We set out to raise $3 million from our alumni community for the naming rights to the community hall, and we are proud to announce we’ve nearly reached half of our target goal, with the fund sitting at $1.2 million by June 2024. Alumni who donate $5,000 or more will be recognized with a special donor plaque. The future Alumni Community Hall will pay tribute to the Crescent brothers who have generously donated to the endeavour. Together, they celebrate the rich history and bright future of Crescent School.IMPACTCommunity is a central part of the Crescent experience, and our school is a place where boys build bonds that last a lifetime. 18 CRESCENT SCHOOL

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JEREMY MILLARD ’95“I was at Crescent for eight of the most formative years of my life. The School was always welcoming and nurturing, and many of the friendships I formed there have lasted my entire life. Who would have thought that someone I met in the Manor Courtyard on our rst day of Grade 5 would be the best man at my wedding? As a recipient of nancial aid for many years, I felt a duty to give back once I had the means to do so. I’m proud to continue the tradition of those who were so generous to me.Donors have to take a leap of faith because the payo isn’t immediate. Society mostly benets down the line, from the adults those children will become. But it does come, with tremendous returns. And I know the Crescent community has the foresight to understand that.”Jeremy Millard ’95 graduated from Crescent and went on to earn degrees from Yale, Oxford, and the University of Toronto’s Law School. Before taking on his present role as Senior Legal Director at Uber Canada, Jeremy had a successful career as a commercial and civil litigator. A former recipient of ﬁnancial assistance while at Crescent, today Jeremy is a proud donor to the program.DONOR PROFILE20 CRESCENT SCHOOL

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Student Financial Assistance is transformative not only for the students who receive it but for our school community as a whole. Financial Assistance allows our students to be surrounded by the best of the best from across the city. Students on nancial assistance bring a diversity of thought and experience to enrich the learning environment for everyone at the school. As tuition continues to increase over time, aording Crescent may exceed the means for some families. A robust nancial assistance program will ensure that Crescent remains within reach of a broader section of Crescent parents.In 2023-2024, 47 boys attended Crescent supported by Student Financial Assistance; our goal is to reach 60 students by 2030. This year alone $1.2 million was spent on Student Financial Assistance, meaning that more boys had the chance to join the Crescent community. Our dream is to one day be needs-blind so that no deserving student will be turned away from Crescent for nancial reasons. Sharing the privilege of a Crescent education remains central to our core values.IMPACTCrescent School recognizes that promise is not bound by socioeconomic status. Our Student Financial Assistance Program allows boys of promise to receive a Crescent education despite their families’ ﬁnancial circumstances. 22 CRESCENT SCHOOL

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HARRIETT WYNNE-JONES“It is my pleasure to celebrate legacy giving, to ensure that Crescent remains a place where students not only learn, but thrive—creatively, intellectually, and emotionally. Crescent is not just a place of learning; it’s a community where relationships are built on trust, respect, and a shared commitment to growth. These connections have profoundly shaped my own experience, both as an educator and as a member of the Crescent family.I have chosen to make a legacy git to Crescent as a meaningful way to express my gratitude to my art stars and their families, whose presence has so deeply enriched my professional life. I cherish my memories and transformative moments that I will forever hold dear. This git is not only a gesture of thanks but also a pledge to honour the land upon which we are so fortunate to build—recognizing it as sacred ground and rearming our shared commitment to stewardship and responsibility for the future.”Harriet Wynne-Jones’ career teaching art started at Crescent 30 years ago. Beloved by students past and present, Harriet felt that Legacy Giving offered the most meaningful way for her to make a lasting contribution to Crescent.DONOR PROFILE24 CRESCENT SCHOOL

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Donors can make arrangements for a future git to Crescent School through their will, estate plan, or other nancial instruments. This type of git oten enables individuals to contribute a much larger amount than they could comfortably give during their lifetime and can provide signicant tax advantages for the donor’s estate. We recommend that you consult with a qualied nancial advisor, lawyer or accredited estate planner when considering a legacy git.Donors who participate in legacy giving join the Susan Denton Massey Society, where you will be recognized for your contributions to Crescent School. Susan Denton Massey was the rst signicant benefactor in Crescent’s history. She bequeathed her 40-acre Denton House estate in eastern Toronto to the school, where Crescent established the Dentonia Park campus between 1933 and 1970. IMPACTLegacy Giving is one way to secure the future of our school for generations to come. Legacy gifts enable a donor to make a signiﬁcant contribution to a cause that is important to them, without impacting their current quality of life. 26 CRESCENT SCHOOL

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FINANCIALSFUNDS SUPPORTEDIN 2023/2024Alumni Athletic FundBlack History Month Speaker FundBusiness FundBuy-a-Book & Beyond FundBy Alumni, For Alumni Bursary FundChawla Family ScholarshipClass of 1981 BursaryPat Mills Family Class of '87 BursaryAlberto del Rosal '89 & Rob Druzeta '89 Class of '89 ScholarshipClass of 1992 BursaryClass of 1993 BursaryClass of 1994 BursaryClass of 1995 BursaryClass of 1997 BursaryClass of 1998 BursaryClass of 1999 BursaryClass of 2000 BursaryClass of 2001 BursaryClass of 2003 BursaryClass of 2005 BursaryClass of 2008 FundClass of 2009 FundClass of 2010 FundClass of 2011 FundClass of 2012 BursaryJack Hogarth 2013 Class ScholarshipClass of 2014 ScholarshipClass of 2015 ScholarshipColin Lowndes Class of 2016 BursaryClass of 2019 ScholarshipRob Cranston & Don Morrison Class of 2021 ScholarshipGrant, Jansen, Porteous Class of 2022 ScholarshipClass of 2023 ScholarshipClass of 2024 ScholarshipClass of 2024 Expendable FundCrescent Parent Association Centennial ScholarshipThe following funds were supported through charitable donations to Crescent School or Crescent School Foundation between July 1, 2023 and June 30, 202432 CRESCENT SCHOOL

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Crescent School Experience FundCrescent School Fund 22/23Crescent School Fund 23/24Crescent School Fund 24/25Crescent Sta Bursary FundThe David & Betty Lay Family ScholarshipThe Diversity & Tolerance FundThe Erdman Family Fund for Diversity & ToleranceThe Eric Song ’19 Endowment Fund for Health & WellbeingThe Eric Song ’19 Expendable Fund for Health & WellbeingExpendable Student Financial AidThe Fraser Gooderham '06 Scholarship FundHeadmaster Discretionary PD FundHeadmaster's Discretionary Expendable FundThe Humayun-Sheerazi FundInternational Outreach Endowment FundThe J. Greydon Watt '20 ScholarshipJohn Tansey Endowment FundKierans Family FundThe Luo Family Scholarship FundThe Master Campus Plan Phase 1Our Way Forward Campaign - Crescent Student Services FundOur Way Forward Campaign - Student Financial Assistance FundOur Way Forward Campaign - Unrestricted FundPerforming Arts EndowmentRacioppo Family Fund for Local OutreachThe Rosenhek Family ScholarshipRumball Land AcquisitionThe Wan Family ScholarshipWen Family Scholarship FundWilliam L. Burridge Bursary FundThe Yu Family ScholarshipZhang Family ScholarshipZhang/Liu Headmaster's Discretionary Fund33IMPACT REPORT 2023/2024

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BOARD OF GOVERNORSJamie Coulter ’87, P’21, ChairAndrea Bunker P’20, ’22, ’25Rita Caporiccio P’17, ’20Mandeep Chawla P’27, ’29Jacintha Doner P’23, ’25Trent Henry P’24Rodney Hill P’23, ’23, ’25George Mavroudis P’18, ’26Sherri Neldner P’23, ’25, ’28Andrew Norris ’03John Reucassel ’87, P’19, ’24, ’27 Paul Simcox P’26, ’28, ’34Kevin Teng P’23, ’24Tim Watson ’01Gillian Whitebread P’26Henry Zhao P’24, ’25Ex OcioMichael Fellin P’24, HeadmasterCarolyn Kanhai, Secretary, Executive Assistant to Headmaster and Board of Governors36 CRESCENT SCHOOL

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EXECUTIVE TEAM 2023/2024Michael Fellin P’24, HeadmasterNick Kovacs, Deputy HeadmasterPatricia Alviano P’29, Head, Lower SchoolRyan Bell ’98, Head, Middle SchoolSandra Boyes, Executive Director, Professional Learning and ResearchArjuna Kadawathage, Chief Financial OcerCarolyn Kanhai, Executive Assistant to Headmaster and Board of GovernorsGina Kay, Executive Director,Crescent Student ServicesJamie Lougheed ’87, P’18,Chief Advancement Ocer Gregory Peck, Chief People OcerRichard Prosser, Head, Upper SchoolLynda Torneck, Director of Marketing and CommunicationsHaiyan Zhao, Chief Operating Ocer37IMPACT REPORT 2023/2024

2023-2024 Impact Report

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