Where Boarding Schools Spend Money...

<p>I have not seen the figures for last year yet, but here are the stats for Choate for 2011:</p>

<p>FY 2011 Revenues:
Net tuition & fees - 62%
Endowment draw - 22%
Annual fund gifts - 10%
Other income - 3%
Summer programs - 3%</p>

<p>FY 2011 Uses:
Compensation and benefits - 52%
Facilities - 10%
Academic and student programs - 11%
Debt service - 6%
Administration - 8%
Capital expenditures - 13%</p>