Focus Area: Financial Sustainability Goal: Maintain strong financial management to ensure financial sustainability and to develop more resources to support the quality of Benjamin’s programs.
Strategic Initiatives: • Expand and enhance the School’s development operations through a focus on the endowment, pursuing new donors and communicating a stronger sense of philanthropy among current parents • Continue to review the strategic capital needs and update, as needed, the fundraising plan to support these priorities • Optimize enrollment by coordinating marketing, admission and retention activities through an Enrollment Management Committee • Continue to manage budgets conservatively and efficiently to keep tuition costs affordable as compared to peer schools • Continue to refurbish and upgrade facilities, as outlined in the 5-year Needs Assessment Plan and in response to ongoing needs, to meet program needs on both campuses • Review and update financial aid policies to ensure that they are sustainable and allow for the enrollment of a diverse student body • Create a long-term financial plan that anticipates the challenges of potential economic downturns
