NMH 2022 Financial Highlights

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NMH 2022 Financial Highlights A Joint Message from the Chairs of the Board of Trustees and the Investment Committee Fiscal 2022 was an incredible year. The generosity of our alumni, families, and other philanthropic partners resulted in over $21 million in new gift commitments. Once again, the NMH Fund exceeded $5 million. We awarded nearly $11 million in financial aid, ensuring student access and opportunity. The Board of Trustees is committed to stewarding the school’s resources responsibly, especially as it continues to navigate the ongoing uncertainty COVID-19 has created in the financial markets and in the general economic outlook. We strive to be transparent with all community members about the school’s finances and the ways in which philanthropic support is enabling increases in financial aid, campus improvements, and the ability to attract and retain exceptional faculty and staff. Endowed funds are long-term investments. Created by gifts from individual donors, they are combined and invested within an endowment pool. To preserve the endowment’s total value over time, each endowment fund is invested to provide annual income and long-term growth of principal (although depreciation is possible, as with any investment). The NMH Board of Trustees is determined to build these resources in the coming years. Our investment committee continually reviews the endowment pool’s investment goals, performance, and asset allocation. Each year, the board authorizes spending a fixed percentage of the endowment’s value and incorporates those dollars into the school’s annual operating budget. It’s an honor to share this information on your resonant impact. We are grateful for your ongoing dedication to our beloved Northfield Mount Hermon and its current and future success. — Mariah Draper Calagione ’89 P’18 ’20, Board Chair — Stephen Gauster ’88, Investment Committee Chair

$167,228,260

ENDOWMENT VALUE AS OF JUNE 30, 2022

$180,897,152

BEGINNING VALUE AS OF JUNE 30, 2021

$5,268,711

DOLLARS FROM ENDOWMENT ADDED TO THE 2022 OPERATING REVENUE

INVESTMENT PERFORMANCE AS OF JUNE 30, 2022

1 Year

3 Year

10 Year

-11.3%

3.4%

5.2%

ACTUAL

-14.2%

4.3%

6.0%

BENCHMARK*

*60% MSCI World/40% Barclays Capital Aggregate

ASSET MIX OF ENDOWMENT AS OF JUNE 30, 2022 CASH 2% U.S. EQUITY 34%

OTHER 3% PRIVATE EQUITY 6% NON-US EMERGING 7%

FIXED INCOME 9%

HEDGE FUNDS 7% GLOBAL EQUITY 9% NON-US DEVELOPED 23%


BY THE NUMBERS

$21,717,715 Total Dollars Raised 3,875 Total Donors 9 New Endowment Funds $100,000 minimum commitment 38 New Documented Planned Gifts 18 Percent of Total Budget From Philanthropic Sources (NMH Fund and Endowment)

FY22 Expenses

FY22 Revenue

• COMPENSATION • ACAD, STUDENT, ADMIN SUPPORT • OPERATIONS • DEBT • COVID • CAPITAL • FINANCIAL AID

• TUITION • FEES • ANNUAL FUND • ENDOWMENT • MISC.

EXPENSES INCL. FINANCIAL AID

REVENUE

Compensation

Tuition

$25,051,280

$42,621,675

Academic, Student, and Administrative Support

$9,280,499

Fees

$1,694,714

Operations

$6,998,525

Annual Fund

$5,132,430

$529,607

Endowment

$5,268,711

Misc.

$1,822,126

Debt COVID

$86,825

Capital

$3,345,000

Financial Aid TOTAL

$10,983,342 $56,275,078

These figures reflect our FY22 operational expenses and revenue.

$56,539,656


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