RGI

Five Year Plan 2013 – 2017 Annual Fund

$3,250,000

Rising Generations Initiative

$2,500,000

Total

$5,750,000

Scale of Gifts Number of Gifts 3 8 14 Many

Amount $250,000 $100,000 $50,000 <$50,000

Totaling $750,000 $800,000 $700,000 $250,000 $2,500,000

BERWICK ACADEMY FY 2013 -­‐ 2017 LONG RANGE BUDGET PLANNING FINANCIAL MODEL Summary Details

Financial Models Scenario I FY 2013

Scenario I (Improvements without Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

$ $ $ $

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

FY 2014

100,000 314,628 150,000 433,889 Interest only $ 14,615,193

314,869 150,000 463,889 Interest only $ 14,417,565

287,829 100,000 395,000 P&I (half year) $ 14,269,769

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

14,650,000 (689,032) 9,245 544,980 14,515,193

$ $ $ $

FY 2013 Scenario II (Treading Water) Incremental Annual Fund Increase 3% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details $14,600,000 Total Cash & Investments @ June 30

FY 2015

$

14,515,193 (744,642) 7,049 539,965 14,317,565

$ $ $ $

FY 2014

100,000 $

14,317,565 (681,756) 1,346 532,613 14,169,769

$14,400,000

$ $ $ $

-

$

$

349,636 100,000 660,000 P&I 13,485,741

$ $ $ $ $

14,169,769 (883,179) 7,847 527,115 13,821,552

$ $ $ $ $

13,821,552 (960,051) 10,078 514,162 13,385,741

$ $ $ $

$ $ $ $ $

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

$ $ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

$ $ $ $

FY 2016

$ $ 191,488 $ $ $ $ 283,889 $ 283,889 $ 200,000 Interest only Interest only P&I (half year) $ 14,765,193 $ 14,865,686 $ 15,075,008 14,650,000 (539,032) 9,245 544,980 14,665,193

FY 2017

333,826 100,000 590,000 P&I 13,921,552

FY 2015

$ $ 188,921 Marketable I314,628 nvestments -­‐ Model I

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) 14,200,000

add operating $OPEX surplus 3.72% add investment return Ending Balance $14,000,000

FY 2016

FY 2017 $ $ $ $

$

228,532 150,000 P&I 15,204,006

$

236,256 90,000 P&I 15,378,162

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

$ $ $ $ $

15,104,006 (390,051) 2,338 561,869 15,278,162

$13,800,000

$2.5 Million Impact of the Rising Generations Initiative

$13,600,000

$13,400,000

FY 2013

$13,200,000

Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase $13,000,000 5% Incremental Salary Pool Increase Incremental Campus Investment $12,800,000 FY 2013 Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

FY 2014

$ 600,000 $ 500,000 $ 314,628 $ 314,869 $ 150,000 $ 150,000 FY 2014 FY 2015 $ $ -FY 2016 Interest only Interest only $ 14,865,193 $ 14,965,686

Marketable Investments - Beginning Balance less draw (restricted only) add operating OPEX surplus 4.23% add investment return Ending Balance

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

FY 2015

FY 2016

FY 2017

$ 500,000 $ 287,829 $ 100,000 FY 2017 $ P&I (half year) $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

500,000 349,636 100,000 P&I $ 17,117,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226

Scenario I (Improvements without Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

$ $ $ $

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

100,000 314,628 150,000 433,889 Interest only $ 14,615,193

$ $ $ $

314,869 150,000 463,889 Interest only $ 14,417,565

$ $ $ $

287,829 100,000 395,000 P&I (half year) $ 14,269,769

$ $ $ $

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

14,650,000 (689,032) 9,245 544,980 14,515,193

Scenario II

FY 2013 Scenario II (Treading Water) Incremental Annual Fund Increase 3% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

FY 2014

$ $ $ $

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

14,515,193 (744,642) 7,049 539,965 14,317,565

188,921 283,889 Interest only $ 14,865,686

191,488 200,000 P&I (half year) $ 15,075,008

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

$

349,636 100,000 660,000 P&I 13,485,741

$ $ $ $ $

14,169,769 (883,179) 7,847 527,115 13,821,552

$ $ $ $ $

13,821,552 (960,051) 10,078 514,162 13,385,741

FY 2015

100,000 314,628 283,889 Interest only $ 14,765,193 14,650,000 (539,032) 9,245 544,980 14,665,193

$ $ $ $

14,317,565 (681,756) 1,346 532,613 14,169,769

$ $ $ $

$

333,826 100,000 590,000 P&I 13,921,552

$ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

FY 2016 $ $ $ $

FY 2017

$

$ 228,532 $ $ 150,000 $ P&I 15,204,006 $

236,256 90,000 P&I 15,378,162

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

15,104,006 (390,051) 2,338 561,869 15,278,162

$ $ $ $ $

$2.5 Million Impact of the Rising Generations Initiative Marketable Investments -­‐ Model I FY 2013 Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase 5% Incremental $14,400,000 Salary Pool Increase Incremental Campus Investment $14,200,000 Unrestricted Draw Debt Service details $14,000,000 Total Cash & Investments @ June 30

FY 2014

FY 2015

FY 2016

FY 2017

$14,600,000

$13,800,000

Marketable Investments - Beginning Balance less draw $13,600,000 (restricted only)

add operating OPEX surplus 4.23% add investment return $13,400,000 Ending Balance

$ 600,000 $ 314,628 $ 150,000 $ Interest only $ 14,865,193

$ 500,000 $ 500,000 $ 314,869 $ 287,829 $ 150,000 $ 100,000 $ $ Interest only P&I (half year) $ 14,965,686 $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

500,000 349,636 100,000 P&I $ 17,117,226

$13,200,000

$13,000,000

Summary Model 4.xlsx

$12,800,000

FY 2013

FY 2014

FY 2015

FY 2016

FY 2017

Version 4

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

$ $ $ $ $

14,650,000 (539,032) 9,245 544,980 14,665,193

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

Scenario III

$ $ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

$ $ $ $ $

15,104,006 (390,051) 2,338 561,869 15,278,162

$2.5 Million Impact of the Rising Generations Initiative FY 2013 Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30 Marketable Investments - Beginning Balance less draw (restricted only) add operating OPEX surplus 4.23% add investment return Ending Balance

FY 2014

FY 2015

$ 500,000 $ 500,000 $ 314,869 $ 287,829 $ 150,000 $ 100,000 $ $ Interest only P&I (half year) $ 14,965,686 $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

$14,400,000

$14,200,000

$14,000,000

$13,800,000

$13,600,000

$13,400,000

$13,200,000

$13,000,000

FY 2013

FY 2014

FY 2015

FY 2016

500,000 349,636 100,000 P&I $ 17,117,226

Version 4

$14,600,000

$12,800,000

FY 2017

$ 600,000 $ 314,628 $ 150,000 $ Interest only $ 14,865,193

Marketable Investments -­‐ Model I

Summary Model 4.xlsx

FY 2016

FY 2017

Faculty Compensation Berwick Academyâ&#x20AC;&#x2122;s greatest strength is the relationships forged between students and teachers, and the vast majority of our teachers are exceptional. However, faculty demographics suggest that significant numbers of teachers will retire in the next ten years. In the past, we have relied on tuition remission and geography to drive hiring success in the local area. Going forward, these tools will not be sufficient to elevate the level of our faculty on a national level. Consequently, we will improve salary levels and benefit programs to the mean levels of our benchmark group. Competitive salary and benefits will ensure our ability to attract and retain the best talent from across the country for our students. Continued emphasis on evaluations, professional development, and making diversity a priority in hiring will complement our increased level of investment in faculty compensation.

Historical and Projected Investment Data Summary paragraph

Investments -­‐ Historical & Projected $30,000,000

III Century Campaign GOAL: $5M

$25,000,000

$20,000,000

$15,000,000

$10,000,000

$5,000,000

$-­‐

Math & Science Center GOAL: $6M

Campaign for Academic Excellence GOAL: $15M

AF: 2020 GOAL: $3M Perrault bequest $ 3.8 MM

Campus Enhancement Projects Summary paragraph

$25,000-$50,000

$50,000

$100,000-$200,000