2017-2018 CATHEDRAL OPERATING BUDGET
BUDGET SNAPSHOT Number of Students:
CHARITABLE GIVING TO GENERAL OPERATIONS
Total School Budget:
$10,365,324
260
Tuition: $31,200 Actual Cost Per Student: $38,201 Gap per Student: $7,001
Number of Families:
213
Number of Sibling Families (Families with 2+ CSB students): 46
19%
The budgetary gap between tuition income and the actual cost of running the School is covered primarily by donations to The Cathedral School Fund. It serves as a silent scholarship for every boy at the school. A contribution from the Parents Association raised mostly through its annual Gala also helps us cover this gap. In 2017-2018, The Cathedral School Fund raised $1,155,530 in gifts & pledges for the school. The Parents Association contributed an additional $185,000 to theSchool’s operating budget. Draw from the endowment covered the remaining amount that the school needed to run all of its exemplary programs. As you can see from the chart to the right, The Cathedral School Fund represents the largest portion of funds raised for the school’s operations.
81%
Cathedral School Fund PA Contribution
INCOME
EXPENSES
2017–2018 TOTAL VOLUNTARY GIVING IN SUPPORT OF CATHEDRAL
9%
15%
7%
7%
2%
2% 1%
5%
(The numbers below represent new gifts and pledges only.) $1,155,530 Cathedral School Fund (includes all restricted, unrestricted, and honor & memorial annual gifts/pledges) $1,060,000 Endowment (including the Forbes Fund, the Madison Fund, and General Endowment) $212,675 Gala 2017 Fund-a-Need $185,000 Parents Association Gift $15,000 Charles Magowan Fund $5,085 The William Schuppel Memorial Scholarship Fund
Cathedral gratefully acknowledges all donors whose generous and continued commitments during the 2017-18 fiscal year demonstrate their support and loyalty to the school. Every effort has been made to ensure the accuracy of this report. If, however, any errors or omissions have occurred, please accept our apologies, and advise the Development Office so that corrections can be made.
4%
79%
64%
3%
2%
Tuition Annual Fund Endowment Parents Association After-Care and Camps Testing and Admissions Fees
Faculty/Staff Salaries and Benefits Adjustable Tuition Plant, Capital, and Sinking Funds Student Activities Administrative Costs Instructional Costs After-Care and Camps
$550 Headmaster’s Discretionary Fund $300 The Dottie Sayward Wylie Fund
$2,638,490 TOTAL
ANNUAL REPORT 2017–2018 | 55
54 | CATHEDRAL SCHOOL FOR BOYS
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