Subject: 2019/20 Finance Committee Update from the Board of Trustees
From: "Sidwell Friends School" <[email-masked]>
To: <[email-masked]>
Date: Sat, 26 Jan 2019 12:40:37 +0000

Dear Parents and Guardians,

We hope this letter finds you well and that your students look forward to the new year ahead. We approach 2019 with a shared sense of optimism and hope for the future. Although we live in a rapidly changing world, we remain steadfast in our belief in the mission of Sidwell Friends. Today, values-based Quaker education and the intellectual and spiritual foundation it provides are more vital than ever. As outlined in our strategic plan, Lead in the Light, we are dedicated to empowering students to let their lives speak so they can move forward in their lifelong pursuits with purpose and conviction. For this reason, we remain committed to strengthening our School and ensuring its future.

The Board of Trustees has completed the budgeting process for the 2019/20 fiscal year and we have set tuition for the 2019/20 school year at $44,280, an increase of 4.5%. We are mindful of the burden that tuition increases impose on our families, and in creating next year's budget, we have sought to contain tuition increases while maintaining our extraordinary academic and extracurricular programs. Next year's increase will allow us to continue our generous financial aid program and to bring faculty compensation and benefits to more competitive levels. Our current financial model depends heavily on tuition to cover 80 percent of our operating expenses, including faculty and staff salaries and benefits. As part of the strategic plan, we seek to increase our endowment and find operational efficiencies in the hope that we may contain future tuition increases.

Information about the strategic plan initiative and our other goals for the future are captured in our strategic plan and video, which can be found at www.sidwell.edu/strategicplan. We will:  Unify Our Campus, Imagine the Future of Learning, Inspire Ethical Leadership, and Welcome a Wider Community. We strongly encourage all families to read and learn more. Our ambitious plan encourages us to aim even higher, now and in the future, as we educate our students to truly let their lives speak. The Board of Trustees is determined to undertake these historic changes that, we believe, will strengthen our academic programs and our community for years to come.

We are grateful for your continued support and for the many ways you inspire and uplift our community. Mostly, thank you for entrusting your children's education to our School. We believe that the world needs a Quaker education now more than ever.

In friendship,

Meg Flax, Clerk

Board of Trustees

Mark Jacobsen, Treasurer

Board of Trustees

Sidwell Friends School

3825 Wisconsin Ave. NW • Washington, DC 20016 • 202-537-8100Unsubscribe

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