Torch - Fall 2014

How We Fund Havergal

Havergal Expenditures and Capital Revenues

FOR THE YEAR ENDED JUNE 30, 2014

FOR THE YEAR ENDED JUNE 30, 2014

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

86.9%

60.6% Teaching

27,427,600

16,910,246

Tuition and one-time property upkeep payment

1.8%

6.1%

563,670

1,699,965

Annual Giving and Endowment Fund Income

Household and boarding

5.2%

10.2%

1,640,120

2,858,559

Interest and other revenues

Building and property services

4.4%

8.3%

1,371,830

2,310,577

Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc. 1.7%

General and administrative

3.9%

1,080,063

543,590

Advancement and communications

Deferred Capital Contributions

2.1%

589,988

Student assistance program

100%

31,546,810

2.2%

627,192

Auxiliary and retail operations

6.6%

1,855,204

Amortization of capital assets and reserves

100%

27,931,794

TABLE OF CONTENTS | ANNUAL REPORT 2013–2014 41