Mercymount Country Day School is a tuition-driven institution that relies on fundraising and charitable giving to meet operating expenses.
A significant gap exists between the operational cost per pupil and the tuition that we actually charge – The Annual Fund is essential to meeting these operating expenses.
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The operating expenses and the percentage spent in each area are divided as follows:
Education (65%): faculty salaries and benefits, and all student educational programs, including information technology programs for staff and students.
Plant / Maintenance (23%): building maintenance, improvements and upkeep of the grounds.
Administration (%12): salaries and benefits for administrative staff, as well as professional and institutional development costs.
Funds to support the cost to educate our students at Mercymount come from three distinct sources:
Tuition (93%): principle revenue source. For the 2016-2017 academic year, the tuition is set at $8700; the actual cost to educate each child is $9200. In reality, each student at Mercymount is subsidized for that $1200 difference; that subsidy is raised through our other two revenue sources, Fundraising & Charitable Gifts.
- Magazine Drive/Fall Fundraiser: over $29,000 for the operating budget.
- Bids for Kids Auction: over $90,000, benefiting the operating expenses.
- Pot-of-Gold Tournament: averages $10,000 for our sports programs.
- Golf Tournament: over $10,000 to support the school’s technology needs.
Charitable Gifts (3%):
- Annual Fund: supports operating budget
- Capital Campaign: supports the building projects
- Endowment: gifts restricted to the Gertrude E. Riley Endowment Fund are for financial aid
- Other: as restricted or applied per wish of the donor
The Annual Fund at Mercymount has been in existence since the 2001-2002 academic year. Each year is detailed below. The majority of support comes from the current parents, with a ever increasing number of gifts from the Alumni.
*Years with an asterisk are those during which we ran the Building on Excellence Capital Campaign so it was expected Annual Fund gifts would be less.
# of gifts