GOAL 6: FINANCIAL SUSTAINABILITY

Provide for financial sustainability and support the mission of the school and the goals of the is strategic plan.

Strategies

According to the Opinion Leaders Survey of the National Association of Independent Schools, the following are the keys to financial sustainability for an independent school in the 21st century:

Financial: More efficient, less costly

Environmental: More green, less wasteful

Global: More networked internationally, less parochial

Programmatic: More skills and values, less traditional content

Demographic: Inclusive, not exclusive.

We will develop a financial master plan that will examine our reliance on major revenue sources such as tuition, endowment and fund-raising; evaluate current and future budget policies and resource allocation develop a more entrepreneurial approach to create new and alternative sources of revenue.

Implementation Examples

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Fundraising Success

Recent leadership gifts to the school from Duncan McFarland OPC ’61, William F. MacDonald Jr. OPC '62, Steven Koltes OPC ’74, Claudia and Richard Balderston OPC ’69 and the Maguire Foundation (James J. and Frances Maguire are the parents of two graduates, Christopher OPC ’84 and Timothy OPC ’85.) provide for financial sustainability and – in the case of the Koltes, Balderston and Maguire gifts – expanded educational opportunities for talented young students who otherwise could not attend PC.

Financial Master Planning

We have begun to use Future Perfect, a financial modeling program, to evaluate current and future budget policies and resource allocation.

This program allows us to use financial resources more effectively and to better understand the financial implications of decision making.

 

Penn Charter

A Friends School for Girls and Boys, Pre-K to 12

3000 West School House Lane Philadelphia, PA 19144 215.844.3460
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