Finances
Being small, the school cannot meet all its expenses from fees. Yet we have successfully resisted the pressure to limit admission to children from wealthy families alone. Increasing the number of students has not been an option either.
Costs are tightly controlled. Salaries for staff are need based.
Fees are not discussed before admission is offered. Families are encouraged to view fees as a contribution to sustain the school rather than a fee for a service. We have successfully put in place, with parents’ cooperation, a fee structure that reflects the family's financial situation.
This, of course, exposes the school to constant financial “anxiety”! Currently fees meet approximately 60% of expenses. The income from the endowment fund contributes 20%. We depend on the generosity of donors to help meet the deficit. We would like to augment the endowment fund so that we do not depend in the long run on donations, except for infrastructure.