RGI Collateral

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Five Year Plan 2013 – 2017 Annual Fund $3,250,000 Rising Generations Initiative $2,500,000 Total $5,750,000 Scale of Gifts Number of Gifts Amount Totaling 3 $250,000 $750,000 8 $100,000 $800,000 14 $50,000 $700,000 Many <$50,000 $250,000 $2,500,000

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Transcript of RGI Collateral

Page 1: RGI Collateral

Five Year Plan 2013 – 2017

Annual Fund $3,250,000

Rising Generations Initiative $2,500,000

Total $5,750,000

Scale of Gifts

Number of Gifts Amount Totaling 3 $250,000 $750,000 8 $100,000 $800,000

14 $50,000 $700,000 Many <$50,000 $250,000

$2,500,000

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BERWICK  ACADEMYFY  2013  -­‐  2017

LONG  RANGE  BUDGET  PLANNING  FINANCIAL  MODELSummary  Details

Summary  Model  4.xlsx Version  4

FY  2013 FY  2014 FY  2015 FY  2016 FY  2017Scenario I (Improvements without Fundraising)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw 433,889$ 463,889$ 395,000$ 590,000$ 660,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,615,193$ 14,417,565$ 14,269,769$ 13,921,552$ 13,485,741$

Marketable Investments - Beginning Balance 14,650,000$ 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ less draw (unrestricted & restricted) (689,032)$ (744,642)$ (681,756)$ (883,179)$ (960,051)$ add operating OPEX surplus 9,245$ 7,049$ 1,346$ 7,847$ 10,078$

3.72% add investment return 544,980$ 539,965$ 532,613$ 527,115$ 514,162$ Ending Balance 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ 13,385,741$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario II (Treading Water)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 3% Incremental Salary Pool Increase 314,628$ 188,921$ 191,488$ 228,532$ 236,256$

Incremental Campus Investment -$ -$ -$ -$ -$ Unrestricted Draw 283,889$ 283,889$ 200,000$ 150,000$ 90,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,765,193$ 14,865,686$ 15,075,008$ 15,204,006$ 15,378,162$

Marketable Investments - Beginning Balance 14,650,000$ 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ less draw (unrestricted & restricted) (539,032)$ (564,642)$ (486,756)$ (443,170)$ (390,051)$ add operating OPEX surplus 9,245$ 119,591$ 146,794$ 15,097$ 2,338$

3.72% add investment return 544,980$ 545,545$ 549,284$ 557,070$ 561,869$ Ending Balance 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ 15,278,162$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario III (Improvements with Fundraising)

Incremental Annual Fund Increase 600,000$ 500,000$ 500,000$ 500,000$ 500,000$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw -$ -$ -$ -$ -$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,865,193$ 14,965,686$ 15,175,008$ 15,304,006$ 17,117,226$

Marketable Investments - Beginning Balance 14,650,000$ 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ less draw (restricted only) (255,143)$ (280,753)$ (286,756)$ (290,179)$ (300,051)$ add operating OPEX surplus 75,356$ 43,160$ 106,346$ 167,847$ 100,078$

4.23% add investment return 619,695$ 638,303$ 655,253$ 675,339$ 698,731$ Ending Balance 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ 17,017,226$

$2.5 Million Impact of the Rising Generations Initiative

 $12,800,000    

 $13,000,000    

 $13,200,000    

 $13,400,000    

 $13,600,000    

 $13,800,000    

 $14,000,000    

 $14,200,000    

 $14,400,000    

 $14,600,000    

FY  2013   FY  2014   FY  2015   FY  2016   FY  2017  

Marketable  Investments  -­‐  Model  I  

Financial Models

Scenario I

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BERWICK  ACADEMYFY  2013  -­‐  2017

LONG  RANGE  BUDGET  PLANNING  FINANCIAL  MODELSummary  Details

Summary  Model  4.xlsx Version  4

FY  2013 FY  2014 FY  2015 FY  2016 FY  2017Scenario I (Improvements without Fundraising)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw 433,889$ 463,889$ 395,000$ 590,000$ 660,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,615,193$ 14,417,565$ 14,269,769$ 13,921,552$ 13,485,741$

Marketable Investments - Beginning Balance 14,650,000$ 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ less draw (unrestricted & restricted) (689,032)$ (744,642)$ (681,756)$ (883,179)$ (960,051)$ add operating OPEX surplus 9,245$ 7,049$ 1,346$ 7,847$ 10,078$

3.72% add investment return 544,980$ 539,965$ 532,613$ 527,115$ 514,162$ Ending Balance 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ 13,385,741$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario II (Treading Water)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 3% Incremental Salary Pool Increase 314,628$ 188,921$ 191,488$ 228,532$ 236,256$

Incremental Campus Investment -$ -$ -$ -$ -$ Unrestricted Draw 283,889$ 283,889$ 200,000$ 150,000$ 90,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,765,193$ 14,865,686$ 15,075,008$ 15,204,006$ 15,378,162$

Marketable Investments - Beginning Balance 14,650,000$ 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ less draw (unrestricted & restricted) (539,032)$ (564,642)$ (486,756)$ (443,170)$ (390,051)$ add operating OPEX surplus 9,245$ 119,591$ 146,794$ 15,097$ 2,338$

3.72% add investment return 544,980$ 545,545$ 549,284$ 557,070$ 561,869$ Ending Balance 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ 15,278,162$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario III (Improvements with Fundraising)

Incremental Annual Fund Increase 600,000$ 500,000$ 500,000$ 500,000$ 500,000$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw -$ -$ -$ -$ -$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,865,193$ 14,965,686$ 15,175,008$ 15,304,006$ 17,117,226$

Marketable Investments - Beginning Balance 14,650,000$ 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ less draw (restricted only) (255,143)$ (280,753)$ (286,756)$ (290,179)$ (300,051)$ add operating OPEX surplus 75,356$ 43,160$ 106,346$ 167,847$ 100,078$

4.23% add investment return 619,695$ 638,303$ 655,253$ 675,339$ 698,731$ Ending Balance 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ 17,017,226$

$2.5 Million Impact of the Rising Generations Initiative

 $12,800,000    

 $13,000,000    

 $13,200,000    

 $13,400,000    

 $13,600,000    

 $13,800,000    

 $14,000,000    

 $14,200,000    

 $14,400,000    

 $14,600,000    

FY  2013   FY  2014   FY  2015   FY  2016   FY  2017  

Marketable  Investments  -­‐  Model  I  

Scenario II

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Scenario III

 $12,800,000    

 $13,000,000    

 $13,200,000    

 $13,400,000    

 $13,600,000    

 $13,800,000    

 $14,000,000    

 $14,200,000    

 $14,400,000    

 $14,600,000    

FY  2013   FY  2014   FY  2015   FY  2016   FY  2017  

Marketable  Investments  -­‐  Model  I  

BERWICK  ACADEMYFY  2013  -­‐  2017

LONG  RANGE  BUDGET  PLANNING  FINANCIAL  MODELSummary  Details

Summary  Model  4.xlsx Version  4

FY  2013 FY  2014 FY  2015 FY  2016 FY  2017Scenario I (Improvements without Fundraising)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw 433,889$ 463,889$ 395,000$ 590,000$ 660,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,615,193$ 14,417,565$ 14,269,769$ 13,921,552$ 13,485,741$

Marketable Investments - Beginning Balance 14,650,000$ 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ less draw (unrestricted & restricted) (689,032)$ (744,642)$ (681,756)$ (883,179)$ (960,051)$ add operating OPEX surplus 9,245$ 7,049$ 1,346$ 7,847$ 10,078$

3.72% add investment return 544,980$ 539,965$ 532,613$ 527,115$ 514,162$ Ending Balance 14,515,193$ 14,317,565$ 14,169,769$ 13,821,552$ 13,385,741$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario II (Treading Water)

Incremental Annual Fund Increase 100,000$ -$ -$ -$ -$ 3% Incremental Salary Pool Increase 314,628$ 188,921$ 191,488$ 228,532$ 236,256$

Incremental Campus Investment -$ -$ -$ -$ -$ Unrestricted Draw 283,889$ 283,889$ 200,000$ 150,000$ 90,000$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,765,193$ 14,865,686$ 15,075,008$ 15,204,006$ 15,378,162$

Marketable Investments - Beginning Balance 14,650,000$ 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ less draw (unrestricted & restricted) (539,032)$ (564,642)$ (486,756)$ (443,170)$ (390,051)$ add operating OPEX surplus 9,245$ 119,591$ 146,794$ 15,097$ 2,338$

3.72% add investment return 544,980$ 545,545$ 549,284$ 557,070$ 561,869$ Ending Balance 14,665,193$ 14,765,686$ 14,975,008$ 15,104,006$ 15,278,162$

FY 2013 FY 2014 FY 2015 FY 2016 FY 2017Scenario III (Improvements with Fundraising)

Incremental Annual Fund Increase 600,000$ 500,000$ 500,000$ 500,000$ 500,000$ 5% Incremental Salary Pool Increase 314,628$ 314,869$ 287,829$ 333,826$ 349,636$

Incremental Campus Investment 150,000$ 150,000$ 100,000$ 100,000$ 100,000$ Unrestricted Draw -$ -$ -$ -$ -$ Debt Service details Interest only Interest only P&I (half year) P&I P&ITotal Cash & Investments @ June 30 14,865,193$ 14,965,686$ 15,175,008$ 15,304,006$ 17,117,226$

Marketable Investments - Beginning Balance 14,650,000$ 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ less draw (restricted only) (255,143)$ (280,753)$ (286,756)$ (290,179)$ (300,051)$ add operating OPEX surplus 75,356$ 43,160$ 106,346$ 167,847$ 100,078$

4.23% add investment return 619,695$ 638,303$ 655,253$ 675,339$ 698,731$ Ending Balance 15,089,908$ 15,490,618$ 15,965,461$ 16,518,468$ 17,017,226$

$2.5 Million Impact of the Rising Generations Initiative

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Berwick Academy’s greatest strength is the relationships forged between students and teachers, and the vast majority of our teachers are exceptional. However, faculty demographics suggest that significant numbers of teachers will retire in the next ten years. In the past, we have relied on tuition remission and geography to drive hiring success in the local area. Going for-ward, these tools will not be sufficient to elevate the level of our faculty on a national level. Consequently, we will improve salary levels and benefit programs to the mean levels of our benchmark group. Competitive salary and benefits will ensure our ability to attract and retain the best talent from across the country for our students. Continued emphasis on evaluations, professional development, and making diversity a priority in hiring will complement our increased level of investment in faculty compensation.

Faculty Compensation

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Perrault  bequest  $  3.8  MM  

III  Century  Campaign  GOAL:  $5M  

Math  &  Science  Center  

GOAL:  $6M  

Campaign  for  Academic  Excellence  

GOAL:  $15M  AF:  2020  

GOAL:  $3M  

 $-­‐        

 $5,000,000    

 $10,000,000    

 $15,000,000    

 $20,000,000    

 $25,000,000    

 $30,000,000    

Investments  -­‐  Historical  &  Projected  

Summary paragraph

Historical and Projected Investment Data

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Campus Enhancement Projects

The campus is one of our greatest assets. While it presently serves our faculty and student body well, a number of improvements will be required and undertaken over the next ten years. We will construct a modern Performing Arts Center that will accommodate a desired high school enrollment of 325-375 and meet the needs of our sophisticated Arts program. When the Upper School does grow, we will renovate the inside of Fogg and/or repurpose some of our existing spaces across campus. We know that the needs of our Office of Advancement will continue to expand, and we will renovate Oakes House to address Advancement space requirements and/or the future of our employee day care. Finally, the curb appeal of our beautiful campus trails our competitors, and we want to build our image as a source of pride to the local community. Therefore, we will complete the master landscaping plan that has been put in place for the major entrances of the school. The impact of these changes cannot be overstated from an enrollment and community morale perspective.

$25,000-$50,000 $50,000

$100,000-$200,000