Annual_report_09

The Foundation: Optometric Center of New York

Applicants: 2005-2009 - Blue Applicants: 2005-2009 - Blue

UEC Patients - RED UEC Patients - RED

As the primary source of private support for the College, the Optometric Center of NewYork (OCNY) plays a fundamental role in the current and future successes of the College.

30,000 40,000 50,000 60,000 70,000 80,000

500 600 700 800

70,968

30,000 40,000 50,000 60,000 70,000 80,000

Applicants # Accepted # Enrolled

69,582

7

500 600 700 800

65,542

70,968

Applicants # Accepted # Enrolled

69,582

Founded in 1956 by a group of dedicated optometrists and benefactors, it is the allied and endowing foundation of the College. In the past year, it has contributed significantly to the progress of the College. Increased Scholarships In addition to providing grants for the Homebound Program and Indigent Patient Fund, the OCNY awarded nearly $280,000 in scholarships to 91 students via the Scholarship Fund in 2008-2009. The OCNY is committed to ensuring that the College continues to attract the best and the brightest students. Ocny Revenues (Silver) 0 100 200 300 400 2005 2007 2009 2011 2013 Graduating Class Ocny Revenues (Silver) 0 100 200 300 400 2005 2007 2009 2011 2013 Graduating Class

New Asset Manager The foundation also retained a new asset manager, Smith-Barney, to oversee its endowment. A new subcommittee of the Finance Committee was formed to meet with the Smith-Barney representative on a regular basis to review the portfolio and the new investment policies. OCNY Goal: The College will promote access and affordability through increased student scholarships and grants. Ocny Assets (Silver) 0 10,000 20,000 ’05-’06 ’06-’07 Year Ocny Assets (Silver) 0 10,000 20,000 ’05-’06 65,542 ’06-’07 Year

25 suny College of Optometry

’07-’08

’07-’08

’0

$3.5M

O C N Y R e v e n u e s

O C N Y A s s e t s

$3.5M

$10M

$1.2M

$3M

$10M

$1.2M

$3M

$8M

$1.0M

$8M

$1.0M

$2.5M

$2.5M

$800K

$6M

$800K

$6M

$1,059,279

$8,313,033

$2M

$600K

$1,059,279

$7,609,994

$8,313,033

$7,533,780

$4M

$2M

$7,190,438

$600K

$854,027

$7,609,994

$825,324

$7,533,780

$4M

$7,190,438

$854,027

$400K

$762,492

$825,324

$1.5M

$400K

$762,492

$654,673

$2M

$1.5M

$654,673

$2M

$563,431

$4,662,421

$200K

$4,475,117

$563,431

$4,662,421

$200K

$4,475,117

$1M

0

0

$1M

0

2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009

0

2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009

$.5M

$.5M

Optometric Center of New York Board of Trustees

0

President Richard Feinbloom Immediate Past President

Trustees Thomas P. Farrell Dr. William C. Folsom Dennis P. Gehr Dr. David A. Heath Dr. Ronald M. Millman Marc H. Plotkin Phil Ramone Jan Rose Barbara Saltzman

Adam Jonathan Sheer Beryl Snyder, Esq. Dr. Richard Soden Harold M. Spielman

Claudia Rouhana Vice Presidents Malcolm Gross, Esq Milton Forman Vice President For Financial Affairs and Treasurer Harvey R. Kitay, Esq. Executive Director and Secretary Ann Warwick

HaroldWilshinsky Dr. Thomas Wong Dr. Stanley Yake

Optometric Center of NewYork 33 W. 42nd St., New York, NY 10036 212.938.5600 | www.ocny.org