Torch - Fall 2015

How We Fund Havergal

Havergal Expenditures and Capital Revenues

FOR THE YEAR ENDED JUNE 30, 2015

FOR THE YEAR ENDED JUNE 30, 2015

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

86.2%

59.95% Teaching

28,055,600

17,635,593

Tuition and one-time property upkeep payment

2.3%

5.8%

759,450

1,719,938

Annual Giving and Endowment Fund income

Household and boarding

5.5%

10.3%

1,793,440

3,027,692

Interest and other revenues

Building and property services

4.4%

9.1%

1,402,250

2,686,984

Gross revenues from Green & Gold Shop, Extended Day Program, facilities rentals, food service sales, etc. 1.6%

General and administrative

4.6%

1,342,752

521,930

Advancement, Communications and Community Relations

Deferred capital contributions

2.4%

712,857

Student assistance program

100%

32,532,670

2.0%

594,859

Auxiliary and retail operations

5.8%

1,696,919

Amortization of capital assets and reserves

100%

29,417,594

TABLE OF CONTENTS | ANNUAL REPORT 2014–15 39