Torch - Fall 2013

How We Fund Havergal

Havergal Expenditures and Capital Revenues

FOR THE YEAR ENDED JUNE 30, 2013

FOR THE YEAR ENDED JUNE 30, 2013

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

85.9%

60.2% Teaching

26,921,930

17,012,163

Tuition and one-time property upkeep payment

2.4%

6.0%

755,720

1,684,628

Annual Giving and Endowment Fund Income

Household and boarding

5.7%

10.0%

1,775,275

2,834,839

Interest and other revenues

Building and property services

4.4%

9.0%

1,353,680

2,532,525

Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc.

General and administrative

4.2%

1,190,059

1.7%

545,855

Advancement & communications

Deferred Capital Contributions

1.6%

460,889

Student assistance program

100%

31,352,460

2.3%

639,078

Auxiliary and retail operations

6.8%

1,919,406

Amortization of capital assets and reserves

100%

28,273,587

ANNUAL REPORT 2012–2013  33