Preparing tomorrow's leaders, TODAY!

July, 2022

The Somers Education Foundation’s 18th year was challenging yet successful. For the first time ever, due to a major stock market contraction, the endowment decreased. While organic fundraising results improved courtesy of a wildly successful fundraising event in April, total assets decreased $86,088 (9%). Of note, the S&P 500 dropped 21%. Despite the decrease, SEF awarded $48,187 for a total of $594,749. SEF has had a total impact of $1,376,758 since inception. For perspective, in its first year, SEF had $14,000 and awarded $5900. 

SEF has a new logo courtesy of Kevin McClure and Ben Camerota. All voting Board and ex-officio positions are filled. Chris Castonguay, John Mailhot and Kevin McClure agreed to serve for another 3-year term. 

The Geissler’s Receipts Program continues to be a mainstay of funding. SEF thanks the Nilsson Family for its incredible generosity. The Smile.amazon.comprogram continues to show steady growth. 

SEF is now 18 years old. One of its founding tenets was to build a permanent, sustaining endowment so grants could be awarded regardless of the economy and fundraising results. This concept has been tested significantly the past 2 years.  The endowment is working exactly as envisioned. 

SEF’s goals are to continue, in the words of its first President Lou Bachetti, to “think big,” grow the endowment, increase community awareness, and provide greater funding for education opportunities for every student in the Somers Public School System. Thank you for your generosity and support.

Paul Salva, President 

and the SEF Board