Torch - Fall 2012

How We Fund Havergal

Havergal Expenditures and Capital Revenues

FOR THE YEAR ENDED JUNE 30, 2012

FOR THE YEAR ENDED JUNE 30, 2012

$

$

REVENUE SOURCES

ANNUAL EXPENDITURES

84.9%

57.9% Teaching

26,007,900

16,434,310

Tuition and one-time property upkeep payment

2.4%

6.0%

734,450

1,695,920

Annual Giving and Endowment Fund Income

Household and boarding

5.4%

9.4%

1,642,360

2,670,550

Interest and other revenues

Building and property services

5.6%

7.6%

1,713,240

2,161,840

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

General and administrative

4.3%

1,225,730

1.7%

529,690

Communications and advancement

Deferred Capital Contributions

1.7%

494,100

Student assistance program

100.0%

30,627,640

3.2%

909,960

Auxiliary and retail operations

9.9%

2,807,380

Amortization of capital assets and reserves

100.0%

28,399,790

ANNUAL REPORT 2011-2012 33