RD267 - Virginia Early Childhood Foundation 2015 Annual Report and Financial Statements for Year Ended June 30, 2015 (With Independent Auditors' Report Thereon)


Executive Summary:
At its 10-year mark, the Virginia Early Childhood Foundation (VECF) is the recognized leader in school readiness for Virginia’s youngest children, building a high quality workforce for the 21st century. VECF launched in 2005 and has been supported by both the General Assembly and the Commonwealth’s corporate leadership. This public-private partnership is working across the Commonwealth, helping to improve the quality of tomorrow’s workforce and the strength of our economy for Virginia.

We would like to take this opportunity to thank the Foundation’s public and private sector partners for their commitment to our work. Over the past ten years, VECF and its partners have made the state appropriation go further by leveraging additional funding for school readiness, yielding an impressive return on investment for the state. In addition, the growing expertise of VECF and the Smart Beginnings network has been pivotal to the state’s recent successes in attracting significant and highly competitive funding for school readiness services.

There is no more important and long-lasting investment we can make than in Smart Beginnings for our youngest citizens.

Ben J. Davenport, Jr.
Chairman, FY14-15