MB Believes A CAMPAIGN FOR LEARNING, PEOPLE, AND PLACE
Recognizing Leadership Reporting on Strength
FINANCIAL SUSTAINABILITY
2014–2015 Operating Budget Application of Funds
Income Tuition
$23,060,000
Scholarship
- $3,158,000
Tuition Remission
- $1,669,000
Net Tuition
$18,233,000
The Moses Brown Fund
$952,000
Restricted Gifts
$100,000
Endowment Income
$795,000
Camps and Bookstore
$313,000
Application Fees
$77,000
Interest
$60,000
Total
$20,530,000
66.9% 8.2% 7.6% 5.9%
Total Compensation Academic Programs Facility Operations Administrative Programs
4.7% 3.1% 2.4% 1.2%
Plant Renewal Debt Service Utilities Other
Functional Allocation of Expenses
Expenditures Compensation Instruction
$10,020,000
Administration
$2,749,000
Operations
$974,000
Total Compensation
$13,743,000
Academic Program Funding
$1,681,000
Facility Operations
$1,557,000
Non-Academic Program Funding
$1,206,000
Plant Renewal and Replacement
$957,000
Debt Service
$643,000
Utilities
$491,000
Insurances: Liability, Workers Comp, Commercial
$252,000
Total
$20,530,000
2015–16 Audited Financials will be available in Fall 2016.
70.39% Instruction and Student Services 29.61% General and Administrative
Sources of Funds
88.8% 5.1% 3.9% 2.2%
Net Tuition The Moses Brown Fund & Other Contributions Endowment Income Other Income
A VIGOROUS STUDENT BODY
Admissions While MB’s enrollment target is 768, the school has been in the fortunate position of exceeding our target, even through the recession of 2008. Of that total, in 2015–2016 we enrolled 21% students of color, with a goal of reaching or surpassing 25% by 2022.
Gender Breakdown
790
780
403 377
780
Male Female
770 TARGET = 768
760
2008
2009
2010
2011
2012
2013
2014
2015
Student Demographics
Enrollment Students Receiving Financial Aid 800
Total Enrollment
781
771
782
779
Total on Financial Aid
774
778
769
166 (21%) Students of Color 96 (12%) Children of Alumni 16 (2%) Quakers
780
600
Attrition Rate*
400
10% 8%
200
118 15%
0 2008/09
141 18%
159 20%
172 22%
175
23%
184 24%
189 25%
190 24%
6% 4% 2%
2009/10
2010/11
2011/12
2012/13
2013/14
2014/15
2015/16
0
National Association of Independent Schools Moses Brown
*Students leaving each year
FUNDRAISING SUPPORT
MB Believes Campaign: $33 Million+ Raised The Moses Brown Fund
Dollars Raised (in millions)
Front Circle contributors are the backbone of The Moses Brown Fund, which drives immediate progress on the objectives of MB Believes. 40% of these gifts are made in May and June and we are counting on many of you to still make a difference this year (by June 30)! 1.2 1.1 1.0 0.9 0.8 0.7 0.6
Campaign Goals Overview $56.5 m
$1.175 M GOAL
$1.127 M A NEW RECORD!
$28.1 m Endowment $22 m Facilities* $6.4 m Annual Giving 2010/11
2013/14
2014/15
*This total includes only the construction costs portion of the facilities fundraising goal.
2015/16
The Moses Brown Fund
Donors
500 400
Campaign Endowment Goal
415 DONORS GOAL
390 DONORS A NEW RECORD!
$28.1 m
300 200
2010/11
2013/14
2014/15
2015/16
$15 m $9 m $4.1 m
Front Circle Leadership Giving Society
Scholarship Teaching & Learning New Facility Maintenance and Operation
MB Believes Campaign to Double MB Endowment To secure MB’s reputation and strength, the school needs to build its long-term financial resources. This campaign has the potential to catapult MB to a much stronger position among its peers regionally and nationally.
MB’s Endowment Compared with Peer Schools
26 27
Endowment Portfolio
MB Believes A CAMPAIGN FOR LEARNING, PEOPLE, AND PLACE
MOSES BROWN
GERMANTOWN FRIENDS
55
SIDWELL FRIENDS
73
BUCKINGHAM BROWNE & NICHOLS
115 58.3% Domestic Equities 26.2% Fixed Income 15.5% International Equities
NOBLE & GREENOUGH
136
ST. GEORGE’S
268 0
MILTON ACADEMY
50
100
150
Endowment value (in millions)
200
250
300
on
MB’S ENDOWED FUNDS Moses Brown is proud to recognize the 111 endowed funds comprising the school’s $25.9 million endowment. The following funds are organized by purpose: Awards & Prizes Hannah J. Bailey Fund Thomas J. Battey Fund Obadiah Brown Fund Eugene Capotosto ’33 Latin Prize Fund Class of ’48 Fund for Independent Study & Inquiry John F. Kenney Prize Fund R. Morris Fund Carter Palmer ’38 Memorial Prize Fund John Milton Payne II Prize Fund David Earle Pearce ’46 Fund Sophia L. Pitman Book Prize Fund Susan M. Seabury Memorial Prize Fund Charles H. Smith Fund R. Thomas Fund Ben Tré Fund for the Visual Arts Howard Seth Young, Jr. ’42 Prize Fund Jim English Prize Fund
Program/Student Experience Anderson Fund Jake Bliss ’93 Endowed Fund for Adventurous Service Class of 2011 Legacy Fund Marc A. Dwares ’94 Fund for Community Service Expert Thinking Fund Friends Education Fund Debbie Goff Library Fund The Goddard Fund for Student Projects Sarah Howland Fund Rip Hudner ’99 Fund for Outdoor Leadership Lower School Fund for Special Projects MB TRIPs Fund Middle School Fund for Curriculum Innovation & Technology Donald Aldrich Murdock Fund Brad Shipp ’83 Endowed TRIPs Fund Lillian H. Simmons Library Fund Charles Taber Memorial Fund Truslow Fund Upper School Foreign Language Endowed Fund Upper School Fund for Senior Projects Faculty Support Rufus S. D. Bilodeau ’89 Fund Burton Fund for Faculty Enrichment The Russell Carpenter ’59 Program in Teaching Excellence Class of 1960 Master Teacher Development Fund Class of 2013 Team Teaching Fund Collins Family Fund E. E. Ford Foundation Fund for Faculty Salaries Leonard Miller ’51 Fund for Travel/Study King B. “Doc” Odell Distinguished Teaching Chair Fund Joseph Olney ’32 Sabbatical Fund Pension Funds (3) Swan Fund for Faculty Enrichment World Class Teaching Endowment Physical Plant C. Brier Fund Chase Fund
Unrestricted Funds Bowditch Fund F. Brownell Fund CMBS Endowed Fund Centennial Endowed Fund Class of 1914 Fund C. Cooksey Fund G. M. Gates Fund Jason Goldstein ’58 Fund Charles G. Greenhalgh Fund Walter R. Jones Trust Fund Malcolm Lipson Fund Moses Brown School Improvement Fund Richard F. Richardson Fund H. D. Sharp Fund A.J. Smiley Fund Rebecca Akin (Wing) Steere Fund Third Century Fund Frances E. Wheeler Fund
Scholarship Andrew F. Anderson ’81 Endowed Scholarship Fund Randall W. Bliss ’46 Alumni Scholarship Fund Board Designated Fund for Financial Aid Charitable Funds The Class of 2015 Endowed Scholarship Creamer Family Scholarship Fund Nathaniel C. Earle ’70 Endowed Fund M. Falk Fund F. H. Gifford Fund G. M. Gifford Fund The Eric and Dana Falk Endowed Scholarship Fund The Flynn Family Endowed Scholarship Fund The Edward E. Ford Foundation Fund for ACCESS Frank Fuller Scholarship Fund Philip Gould Scholarship Fund Phyllis Gunion Fund The Haffenreffer Endowed Scholarship Fund Joanne P. Hoffman Endowed Scholarship Stephen R. Howe Scholarship Fund John F. Kenney, Jr. ’50 Endowed Fund Joseph Lake Endowed Scholarship Tony L. Leonard ’79 Endowment Fund Low Family Fund Jack A. Lubrano ’20 Scholarship Fund Michael Maggiacomo ’85 Memorial Scholarship Fund Marathon 2500 Endowed Scholarship Fund Vincent A. Marcello ‘60 Endowed Scholarship Fund MB Scholarship Fund McCune Endowed Scholarship Fund Thomas Melucci ’84 Memorial Fund Moses Brown Parents’ Association Fund for Scholarship Dwight Hall Owen, Jr. and Sr., Endowed Fund M. D. Slocomb Fund Peter D. Smith ’88 Memorial Scholarship Fund Sorensen Endowed Scholarship Fund Evan B. Spirito ’06 Endowed Scholarship Fund Dirk Stones Memorial Fund L. Ralston Thomas Scholarship Fund Philip J. Tripp Fund Edith C. Ware Endowed Scholarship Fund
MB Believes A CAMPAIGN FOR LEARNING, PEOPLE, AND PLACE
Moses Brown School 250 Lloyd Avenue, Providence RI 02906 www.mosesbrown.org (401) 831-7350 x111