Strategy 1: Establish succinct policies to guide the School
with regard to key and ongoing financial management decisions.
Approach: Concise
policy statements will be developed to address: tuition, compensation, financial
aid, provision for plant replacement, renewal and special maintenance (PPRRSM), endowment spending, investment, operating budget, capital projects,
and risk assessment. The tuition policy will be one of tuition restraint
through adherence to annual tuition increases not to exceed a three-year
trailing average of the Higher Education Price Index (HEPI) plus one percent, subject
to annual Board approval.
Strategy 2: Ensure all Development Office initiatives model
best practices.
Approach: The
School will approach this strategy on a number of fronts, beginning with the consideration
of all capital expenditures that are related to the advancement of the
Strategic Plan as priority goals to be accomplished through capital fundraising.
Action items include increasing the proportion of unrestricted to restricted
assets within both the operating and endowment funds, achieving the median
level of endowment-per-student ratio of Episcopal’s peer schools,
and adopting a comprehensive planned giving program. In addition, the School
will implement exceptional donor stewardship practices that are among the best
of independent schools and non-profits, continually pursue excellence and best
practices in all marketing and communications, and seek increased and
meaningful engagement of alumni and parents through expansion of Alumni and
Parent Program efforts.