2022-23 State of the School

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MISSION STATEMENT

The Baldwin School, an independent college preparatory school, develops talented girls into confident young women with vision, global understanding and the competency to make significant and enduring contributions to the world. The School nurtures our students’ passion for intellectual rigor in academics, creativity in the arts and competition in athletics, forming women capable of leading their generation while living balanced lives.

A message from the HEAD of SCHOOL

Dear Baldwin community,

I’m excited to share our 2022-23 State of the School report, to provide updates from campus as well as information about our enrollment, fundraising, financial operations and more. It is just a snapshot of how we continue to ensure that The Baldwin School is leading the way in girls’ education.

Thanks to the tremendous support from thousands of alumnae, parents and friends, The Future is Baldwin campaign surpassed its $25 million goal and raised over $32 million for Baldwin! The campaign was record setting in every way with over 2,260 donors participating by making a gift, of whom 495 donated to Baldwin for the very first time. This campaign also celebrated 39 gifts of $100,000 or more, with six leadership donations of over $1 million. You’ll read and learn more about this historic campaign in the pages ahead.

While just at our midway point for the 2022-23 school year, we have already seen many standout moments like our lively Homecoming celebration, the always-fun Halloween parade, our beloved Thanksgiving assembly, festive winter assemblies and other grade-specific special events. Our Bears have taken to the stage for multiple musical and dramatic performances and have commanded the fields and courts in athletic competitions. We look forward to all the traditions and celebrations the spring holds, including our Parents’ Association Community Dinner and Auction – the School’s largest annual parent-led fundraiser and community-building event.

Our students and faculty continue to reflect the best of Baldwin, in and out of class, even as Baldwin’s parents, alumnae and wider community generously support all that we do. Thank you for such unwavering commitment to our mission and our girls. I look forward to seeing all we accomplish together during the rest of the school year. Go Bears!

STATE OF THE SCHOOL 2022-23 1

Baldwin’s close-knit community, exceptional program and understanding of what’s best for girls continues to draw people to our School, ensuring we remain the school destination of choice for young women, locally and nationally. Our commitment to offering the most robust and contemporary program possible plus the opening of our newly renovated Middle School DREAM Lab® and Innovation Center and our reputation of academic excellence and spirit of sisterhood contributed to our enrollment success.

70% of grades are full or close to 100% capacity

Six grades are full with waiting lists.

2 THE BALDWIN SCHOOL 192 50 LOWER 142 244 22 UPPER 222 136 MIDDLE 108 28
Student Enrollment New Student Enrollment
Returning
572 Total Students
COMMUNITY
2022-23 ENROLLMENT

In conjunction with our renowned research-based academic program known for its creativity and real-world focus, we are also proud of how our Polar Bear community fosters our girls’ lifelong love of learning and sense of school spirit. Moments of joy throughout the year – from our all-school opening celebration to long-standing traditions such as the singing of the Senior Song plus forthcoming Banner Day, Ring Day and Junior-Senior Exchange – nurture the sisterhood our girls treasure.

SPECIAL MOMENTS THUS FAR IN 2022-23

STATE OF THE SCHOOL 2022-23 3
GAMES PLAYED DURING 1 PARENT 10 STATE-OF-THE-ART INTERACTIVE TOUCH SCREENS INSTALLED Inflatable Hamster Balls 15+ Class Trips K,3,4,6,7,8,9,10,11 Baldwin-Haverford Middle School Game Day

CAMPAIGN WRAP-UP

The Future is Baldwin comprehensive campaign focused on raising additional financial support for our greatest asset: Baldwin’s extraordinary educators and talented girls. In an ever-changing and unpredictable world, we envisioned a campaign geared to what girls need most to prepare for any future they might imagine. The five campaign pillars were designed to advance Baldwin’s groundbreaking programs and curricula and to ensure our facilities keep pace with the spirit of innovation that thrives throughout campus.

Thanks to the generous support of alumnae, parents and friends, The Future is Baldwin surpassed its $25M goal and raised over $32M - by far the most successful campaign in the School’s history. Throughout, so many stepped forward and turned their Baldwin pride into tangible commitments that have placed Baldwin in the strongest position it has ever been.

Select benchmarks of success:

q Transformed the old pool house into the Innovation Center

q Built a DREAM Lab in our new Middle School

q Expanded and upgraded our Early Childhood Center

q Endowed the Head of School’s on-campus house

q Added three new endowed scholarships

q Endowed two new signature interdisciplinary academic programs

Strategic vision adopted

Campaign feasibility begins

Campaign planning begins

Campaign case statement completed

Board of Trustees approves the campaign and silent phase begins

4 THE BALDWIN SCHOOL
2018 MAY 2018 FALL 2018 SPRING 2019 SUMMER 2019
SPRING
STATE OF THE SCHOOL 2022-23 5 39 6 TOTAL DONORS 2,263 495 B REAKDOWN BY PURPOS E ENDOWMENT 48% CURRENT OPERATIONS 39% CAPITAL/ FACILITIES 13% Gifts of $100,000 or more LEADERSHIP GIFTS OF $1,000,000 OR MORE OF RENOVATIONS New DOUBLED THE Campaign messaging and communications strategy confirmed Baldwin receives largest single gift in school history from an alumna Public phase launches and campaign soon surpasses initial $25M goal Campaign closes with over $32M raised FALL 2019 SUMMER 2020 FALL 2021 SUMMER 2022 interdisciplinary courses, trips or projects supported HOURS OF PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF FUNDED

In addition to the extremely successful comprehensive campaign, and thanks to the continued generous support of our parents, alums, Board of Trustees, faculty, staff and a long list of friends of the School, the 2021-22 school year was another exceptional year for the critical annual fundraising that sustains our program. Your generosity helped ensure we can provide the very best programming and support for our girls, now and in the future. Thank you!

2021-22

6 THE BALDWIN SCHOOL
RESULTS
CONSECUTIVE DONORS: 234 10+ YEARS 20+ YEARS 30+ YEARS 110 75 49 01 N E WLYDOCUMENTEDPLANNED G I STF $1,644,292 $ 29,829,154 As of June 30, 2022 113 DEVELOPMENT $ 2,059,811 by 760 DONORS raised % PARTICIPATION BOARD OF TRUSTEES 100% PARENTS 58% ALUMNAE 16% FACULTY & STAFF 93%

FINANCES

The 2021-22 school year was, once again, a strong year for the school financially and operationally. With the guidance of our dedicated Board of Trustees, we continue to manage our revenue and expenses expertly. This allowed us to effectively and strategically introduce exciting new programs for our students, support our faculty and staff with competitive salary and benefit packages and complete impactful capital projects around campus.

Financial Summary 2021-22

Net tuition $ 17,569,055 Gross tuition $ 20,478,400 Financial aid - $ 2,962,845 The Baldwin Fund $ 2,059,811 Other Gifts $ 488,710 Auxiliary activities $ 359,663 Endowment and investment income $ 475,166 Rental income $ 108,073 Summer programs $ 42,385 Other revenue $ 2,595,738 Total Operating Revenue $ 23,698,601

Our tuition rates for the 2023-24 school year underscore this strong financial standing and the Board of Trustees’ dedicated efforts to balance our mission of educational excellence with the continually rising costs of providing our program. We remain committed to controlling tuition increases as much as possible, as reflected in the fact that our tuition increase from this year to next will be just 3.19 percent across all grades and divisions.

STATE OF THE SCHOOL 2022-23 7
Operating Revenue ————————
Expenses
$
$
$
Operating
———————————————–———————————— Compensation subtotal $ 13,109,150 Salaries $ 10,780,298 Benefits $ 2,328,852 Physical plant $ 1,794,980 Instructional and student programming $ 1,035,673 Auxiliary activities $ 288,948 General and administrative $ 2,557,292 Summer programs $ 46,364 Total Operating Expenses
18,832,406 Operating surplus
4,866,195 Capital projects and principal & interest payments
2,143,610 Cash surplus net of capital projects and principal & interest payments $ 2,722,585

www.baldwinschool.org 701 Montgomery Avenue, Bryn Mawr, PA 19010 (610) 525-2700

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