<p>NMH does include the value of phsical plant type assets when speaking of the school's assets. A few other lesser known schools also do this.</p>
<p>Not that it is an elite NE boarding school, but the figures I see for Culver indicate (depending on which outside source (Boarding School Review or Petersons) you are looking at - Culver doesn't advertise it on their website) their Endowment is $156 - $157 Million putting them in the top 10.</p>
<p>Also when analyzing school financial health, you need to look at liabilities (many schools carry debt as they don't like to pay cash for large capital improvements all at once) and how much of their income from their endowment is used to service that debt. Most schools don't advertise their debt publically, so this could be problematic.</p>
<p>I'm not an accountant, but it seems to me that endowment must be different from physical plant. Both are assets but very different types of assets. If you have a link to a financial statement for a school that includes physical plant in endowment, I am interested in seeing it so I can understand how this can happen.</p>
<p>the unused campus is no longer their "physical plant" but is merely a "property" that they are trying to sell..that's the catch</p>
<p>Physical Plant and endowment are very different. A schools endowment is composed of financial securities and investments. The purpose of an endowment is to generate income from interest and capital gains, which is partially used to fund school operations. Real Estate that isn't revenue producing (ie, a school's physical plant) should not be included in endowment.</p>
<p>In the case of NMH, the unused campus shouldn't be included in endowment for multiple reasons. However, after they eventually sell the campus, I imagine most of the proceeds from the sale will be put into the schools endowment.</p>
<p>this is just from what what I heard from my dad...he had his PhD in economics concentrating in public and corporate finance...</p>
<p>basically, he said NMH has full right to claim that part of the campus as endownment just because they cease to use it and is in fact trying to sell it... all the money previously dumped into the building is known as "investment" and they are selling the "final product" in economic sense... and this final product is a result of the investment, and thus can be counted in the endownment</p>
<p>If bicoastal's endowment numbers are correct, both Groton and Exeter would seem to have a higher endowment per student than St. Paul's.</p>
<p>Exeter's endowment number comes from it's website:
<a href="http://www.exeter.edu/documents/facts2_2007.pdf%5B/url%5D">http://www.exeter.edu/documents/facts2_2007.pdf</a></p>
<p>Groton's endowment number came from Wikipedia because the school doesn't publish it on it's website. Although wiki isn't the most reliable source, the number should at least be in the ballpark.</p>
<p>It should be very interesting to see where Lawrenceville ranks after their 2010 bicentennial fund raising campaign is all said and done.</p>
<p>Lawrenceville's bicentential campaign will roughly double the school's endowment to over $400 Million. </p>
<p>Although Andover & Exeter have long held the highest endowments of the preps, Lawrenceville has historically been a regular member of the top 5. Lawrenceville's last endowment campaign was back in the early/mid 1990s, when the school raised $131 Million - then the largest fund-raising campaign in the history of independent schools. The school held that record until Andover raised $200 Million during "Campaign Andover", which was finished in 2004.</p>
<p>However, during the 1990's Lawrenceville underwent an enormous amount of construction - building a new Library, Science Center, History building, and renovating virtually everything else on campus. This construction ate through a significant amount of the school's endowment. In fact, Lawrenceville only finished paying for all this construction a few years ago. Thus, while other schools have signifigantly grown their endowments over the past decade, Lawrenceville's has been fairly stagnant. As the school boasts beautiful facilities, the bicentenial campaign is focused entirely on growing the endowment (mostly for financial aid and faculty support). According the school newspaper, over $80 Million has already been pledged in the "quiet phase", and the campaign officially kicks off in Fall '07.</p>
<p>Speaking of fund-raising, Choate has also kicked off a $200M campaign of its own.</p>
<p>i think if lawrenceville really want to bring their endownment up to the past level, they need A LOT more than 200M... even with an additional 200M, they still fall short on Endownment per student to at least 7 or 8 schools, SPS, Hotchkiss, Andover, Exeter, Groton and Deerfield at the very least...even if you compare it with the current levels, not to mention that most schools' endownment are probably gonna grow by a lot by the time Lawrenceville finishes their campaign.</p>
<p>even if you compare total endownment, assuming that they successfully achieves their goal of 200M, they are going to have a new total of 425M, which assuming the growth rate of the past couple years for the other schools....lawrenceville is still going to be placed out of the top 5 for total endownment... Lawrenceville is a huge school and also a great place, i really liked that place..they were my third choice .... and I think they need a better effort than that.... it would be a pity if they dont keep up with the pace of the rest of its peers</p>
<p>Bearcats, $200 Million is certainly an agressive campaign, and it's entirely possible that goal will be increased or surpassed given the success the school had during the campaign's quiet period.</p>
<p>Here are my rough estimations for endowment growth through Fall 2010. Given an 8% growth rate on all schools current current endowment #'s (posted earlier in this thread), and assuming the only major campaigns over the next 4 years are:</p>
<p>Lawrenceville ($174 to endowment by 2010, $26M to operations)
Choate ($110M to endowment by 2010, $90M for facilities/operations)
Exeter (Which will finish their current $305M campaign by 2009)</p>
<p>Then absolute endowment rankings would look something like this in Fall 2010:
Exeter ($1.1BILLION)
Andover ($911M)
SPS ($529M)
Hotchkiss ($496M)
Lawrenceville ($480M)
Deerfield ($454M)
Choate ($429M)
Groton ($393M)</p>
<p>In terms of endowment per student, it would be 1-Groton & Exeter, 3-SPS, 4-Hotchkiss, 5-Andover, 6-Deerfield, 7-Lawrenceville, 8-Choate</p>
<p>PM me if you would like to see the calculations in excel.</p>
<p>"Absolute Endowment Numbers:</p>
<p>1) Exeter $806M
2) Andover $670M
3) St. Pauls $389M
4) Hotchkiss $365M
5) Deefield $334M
6) Groton $289M
7) Peddie $275M
8) Choate $235M
9) Lawrenceville $225M
10) Mercersberg $180M
11) Taft $172M
12) Milton $150M
NMH $150M
"
minor correction
Hotchkiss endowment is 382 M according to propaganda material i picked up when i passed by the admissions office :)</p>
<p>Some more information on Choate's endowment and Capital Campaign (An Opportunity to Lead, the Campaign for Choate Rosemary Hall) for Choate's student newspaper:</p>
<p>The school raised $100 million in the quiet phase and has raised over $103 million through today's date. </p>
<p><a href="http://thenews.choate.edu/2007/02/23/News/Trustees_Hold_Annual_Winte.php%5B/url%5D">http://thenews.choate.edu/2007/02/23/News/Trustees_Hold_Annual_Winte.php</a>
<a href="http://thenews.choate.edu/files/EEyyEFykAuIVPJhPYD.php%5B/url%5D">http://thenews.choate.edu/files/EEyyEFykAuIVPJhPYD.php</a>
<a href="http://thenews.choate.edu/files/EEyyEFypyyEauhtEmb.php%5B/url%5D">http://thenews.choate.edu/files/EEyyEFypyyEauhtEmb.php</a>
<a href="http://thenews.choate.edu/files/EEyFEpVklZmmRkapqN.php%5B/url%5D">http://thenews.choate.edu/files/EEyFEpVklZmmRkapqN.php</a>
and <a href="http://thenews.choate.edu/files/EEyppZluyVsIRdjJVT.php%5B/url%5D">http://thenews.choate.edu/files/EEyppZluyVsIRdjJVT.php</a></p>
<p>And a historical perspective on why Choate's endowment may be lower than other schools:
<a href="http://thenews.choate.edu/files/EEyEAVlyVpwYnzsbvo.php%5B/url%5D">http://thenews.choate.edu/files/EEyEAVlyVpwYnzsbvo.php</a></p>
<p>loomis chaffee has at least $150M endowment now.</p>
<p>Update on the Choate Capital Campaign:
$120M raised...</p>
<p>The endowment for Phillips Academy is actually $730 million.</p>
<p>I just wanted to set the record straight here, for the dreamers and non-believers.</p>
<p>The Milton Hershey School is the absolute top dog here, bar none. As of 4/09, they currently have $7.9 Billion dollars in their coffers (according to Wikipedia and Milton Hershey Trust Company)</p>
<p>It is funny, all the magazine and online resources exclude Milton Hershey School from their lists. These private “Houtie Toutie” Schools could be bought and sold (by the dozen) by The Milton Hershey School.</p>
<p>fif is not familiar with the term “Houtie Toutie”, but he likes it.</p>
<p>Perhaps you mean “howty towty” which means “to put on airs”.</p>
<p>Hershey’s story is a great one – how’s their college matriculation? ;0)</p>