RD323 - Virginia Early Childhood Foundation 2016 Annual Report and Financial Statements for Year Ended June 30, 2016 (With Independent Auditors' Report Thereon)

Executive Summary:
As the Virginia Early Childhood Foundation strives to ensure Smart Beginnings for our youngest children, we are capitalizing on the strong foundation built over the past ten years to target our resources and maximize impact. With support from both the General Assembly and the Commonwealth’s corporate leadership, this public-private partnership is helping to improve the quality of tomorrow’s workforce and the strength of Virginia’s economy.

VECF is encouraged to see the positive trends over the past decade for many key school readiness indicators in Virginia. While this demonstrates real progress, data also indicate that some children are not succeeding on pace with others. This report highlights some of the ways that VECF is focusing on innovation, supporting Virginia’s early childhood educators, and targeting data-driven strategies for optimal development for young children and their families.

I would like to take this opportunity to thank our public and private sector partners and warmly welcome our new donors. VECF and its partners have multiplied the impact of the state’s appropriation by leveraging additional funds that will yield an impressive return on investment for the state. At the same time, VECF has kept its overhead low, directing its resources into communities and strategies that hold promise for children and families in Virginia.

VECF, with its partners, has full confidence and hope for the decade ahead. Thank you for your dedication to the vision that every Virginia child is prepared for school, laying the foundation for workforce and life success.

/s/ Reginald N. Jones
Chairman, FY15-16