Torch - Fall/Winter 2019-20

TABLE OF CONTENTS

How We Fund Havergal

Havergal Expenditures & Capital Reserves

FOR THE YEAR ENDED JUNE 30, 2019

FOR THE YEAR ENDED JUNE 30, 2019

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

86%

33,324,070

58%

21,183,283

Tuition and one-time registration fee

Teaching

3%

1,286,281

5%

1,963,480

Annual Giving and Endowment Fund income

Household and boarding

5%

2,166,000

10%

3,712,606

Interest and other revenues

Building and property services

4%

1,463,264

8%

2,943,137

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

General and administrative

5%

1,991,292

2%

682,778

Advancement, Communications and Community Relations

Deferred capital contributions

4%

1,342,360

Student assistance program

100%

38,922,393

2%

572,214

Auxiliary and retail operations

8%

3,008,794

Amortization of capital assets and reserves

100%

36,717,166

ANNUAL REPORT 2018–2019 39