Message from the Board Treasurer & CFO

The generosity of our alumni, families, faculty, staff, and friends continues to exceed expectations, putting Pomfret School in a strong financial position. Your giving to the Pomfret Fund and endowment bridges the gap between net tuition, which provides about 75 percent of operating costs, and Pomfret’s total budget.

Pomfret Fund gifts, which totaled a record $2.6 million in FY22, account for approximately 12 percent of all operating expenses each year. The Pomfret endowment, which benefited from over $1 million in gifts in FY22 and totaled $65.2 million as of June 30, 2022, is designed to support the people, programs, and activities of the School in perpetuity.

The volatility of the financial markets makes it difficult to manage endowment assets to earn the types of annual returns expected by the Investment Committee in any one year. Despite the challenging environment, Pomfret’s prudent spending and investment policies provided funds to support approximately 11 percent of the School’s annual operating budget while preserving the future purchasing power of the endowment.

We extend our gratitude to you and the entire Pomfret community of donors for your generous support of Pomfret’s mission, vision, and values.

Michael Marrus Treasurer, Board of Trustees Edward T. Griffin P ‘17, ‘19 Chief Financial Officer