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Berwick Academy Mission promoting virtue and useful knowledge among the rising generations. As one school

Berwick Academy, founded in 1791, is a Pre-kindergarten through Post-graduate college-preparatory day school dedicated to with three divisions, Berwick develops balanced leaders through personal relationships that foster confidence and achievement. By engaging in a program distinguished by academic challenge, creative expression and performance, innovative technology, ethical sportsmanship, wellness, and a commitment to the common good, Berwick graduates become resilient citizens by living our core values of balance, engagement, excellence, and integrity.

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 3 8 14 Many

Amount $250,000 $100,000 $50,000 <$50,000

Totaling $750,000 $800,000 $700,000 $250,000 $2,500,000


Historical and Projected Investment Data Summary paragraph

Investments -­‐  Historical  &  Projected    $30,000,000    

III Century  Campaign   GOAL:  $5M  

$25,000,000    

$20,000,000    

$15,000,000    

$10,000,000    

$5,000,000    

$-­‐        

Math &  Science   Center   GOAL:  $6M  

Campaign for   Academic  Excellence   GOAL:  $15M  

AF: 2020   GOAL:  $3M   Perrault   bequest   $  3.8  MM  


BERWICK ACADEMY FY  2013  -­‐  2017 LONG  RANGE  BUDGET  PLANNING  FINANCIAL  MODEL Summary  Details

Financial Models Scenario I FY 2013

Scenario I (Improvements without Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

$ $ $ $

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

FY 2014

100,000 314,628 150,000 433,889 Interest only $ 14,615,193

314,869 150,000 463,889 Interest only $ 14,417,565

287,829 100,000 395,000 P&I (half year) $ 14,269,769

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

14,650,000 (689,032) 9,245 544,980 14,515,193

$ $ $ $

FY 2013 Scenario II (Treading Water) Incremental Annual Fund Increase 3% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details $14,600,000     Total Cash & Investments @ June 30

FY 2015

$

14,515,193 (744,642) 7,049 539,965 14,317,565

$ $ $ $

FY 2014

100,000 $

14,317,565 (681,756) 1,346 532,613 14,169,769

$14,400,000    

$ $ $ $

-

$

$

349,636 100,000 660,000 P&I 13,485,741

$ $ $ $ $

14,169,769 (883,179) 7,847 527,115 13,821,552

$ $ $ $ $

13,821,552 (960,051) 10,078 514,162 13,385,741

$ $ $ $

$ $ $ $ $

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

$ $ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

$ $ $ $

FY 2016

$ $ 191,488 $ $ $ $ 283,889 $ 283,889 $ 200,000 Interest only Interest only P&I (half year) $ 14,765,193 $ 14,865,686 $ 15,075,008 14,650,000 (539,032) 9,245 544,980 14,665,193

FY 2017

333,826 100,000 590,000 P&I 13,921,552

FY 2015

$ $ 188,921 Marketable I314,628 nvestments   -­‐  Model   I  

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) 14,200,000   add operating  $OPEX surplus 3.72% add investment return Ending Balance  $14,000,000    

FY 2016

FY 2017 $ $ $ $

$

228,532 150,000 P&I 15,204,006

$

236,256 90,000 P&I 15,378,162

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

$ $ $ $ $

15,104,006 (390,051) 2,338 561,869 15,278,162

$13,800,000    

$2.5 Million Impact of the Rising Generations Initiative

$13,600,000    

$13,400,000    

FY 2013

$13,200,000    

Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase $13,000,000     5% Incremental Salary Pool Increase Incremental  Campus Investment $12,800,000     FY  2013   Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

FY 2014

$ 600,000 $ 500,000 $ 314,628 $ 314,869 $ 150,000 $ 150,000 FY 2014   FY  2015   $ $ -FY  2016   Interest only Interest only $ 14,865,193 $ 14,965,686

Marketable Investments - Beginning Balance less draw (restricted only) add operating OPEX surplus 4.23% add investment return Ending Balance

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

FY 2015

FY 2016

FY 2017

$ 500,000 $ 287,829 $ 100,000 FY 2017   $ P&I (half year) $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

500,000 349,636 100,000 P&I $ 17,117,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226


Scenario I (Improvements without Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

$ $ $ $

100,000 314,628 150,000 433,889 Interest only $ 14,615,193

$ $ $ $

314,869 150,000 463,889 Interest only $ 14,417,565

$ $ $ $

287,829 100,000 395,000 P&I (half year) $ 14,269,769

$ $ $ $

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

Scenario II

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

14,650,000 (689,032) 9,245 544,980 14,515,193

FY 2013 Scenario II (Treading Water) Incremental Annual Fund Increase 3% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30

FY 2014

$ $ $ $

Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

14,515,193 (744,642) 7,049 539,965 14,317,565

188,921 283,889 Interest only $ 14,865,686

191,488 200,000 P&I (half year) $ 15,075,008

$ $ $ $ $

$ $ $ $ $

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

$

349,636 100,000 660,000 P&I 13,485,741

$ $ $ $ $

14,169,769 (883,179) 7,847 527,115 13,821,552

$ $ $ $ $

13,821,552 (960,051) 10,078 514,162 13,385,741

FY 2015

100,000 314,628 283,889 Interest only $ 14,765,193 14,650,000 (539,032) 9,245 544,980 14,665,193

$ $ $ $

14,317,565 (681,756) 1,346 532,613 14,169,769

$ $ $ $

$

333,826 100,000 590,000 P&I 13,921,552

$ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

FY 2016 $ $ $ $

FY 2017

$

$ 228,532 $ $ 150,000 $ P&I 15,204,006 $

236,256 90,000 P&I 15,378,162

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

15,104,006 (390,051) 2,338 561,869 15,278,162

$ $ $ $ $

$2.5 Million Impact of the Rising Generations Initiative FY 2013

Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase $15,300,000     5% Incremental Salary Pool Increase Incremental Campus Investment  $15,200,000     Unrestricted Draw  $15,100,000     Debt Service details Total Cash & Investments @ June 30  $15,000,000    

FY 2014

Marketable Investments  -­‐  Model  II  

$14,900,000     Marketable Investments - Beginning Balance less draw (restricted only)  $14,800,000     add operating OPEX surplus  $14,700,000     4.23% add investment return Ending Balance  $14,600,000    

FY 2015

FY 2016

FY 2017

$ 600,000 $ 314,628 $ 150,000 $ Interest only $ 14,865,193

$ 500,000 $ 500,000 $ 314,869 $ 287,829 $ 150,000 $ 100,000 $ $ Interest only P&I (half year) $ 14,965,686 $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

500,000 349,636 100,000 P&I $ 17,117,226

$14,500,000    

$14,400,000    

Summary Model  4.xlsx

$14,300,000    

FY 2013  

FY 2014  

FY 2015  

FY 2016  

FY 2017  

Version 4


Marketable Investments - Beginning Balance less draw (unrestricted & restricted) add operating OPEX surplus 3.72% add investment return Ending Balance

$ $ $ $ $

14,650,000 (539,032) 9,245 544,980 14,665,193

$ $ $ $ $

14,665,193 (564,642) 119,591 545,545 14,765,686

Scenario III

$ $ $ $ $

14,765,686 (486,756) 146,794 549,284 14,975,008

$ $ $ $ $

14,975,008 (443,170) 15,097 557,070 15,104,006

$ $ $ $ $

15,104,006 (390,051) 2,338 561,869 15,278,162

$2.5 Million Impact of the Rising Generations Initiative FY 2013 Scenario III (Improvements with Fundraising) Incremental Annual Fund Increase 5% Incremental Salary Pool Increase Incremental Campus Investment Unrestricted Draw Debt Service details Total Cash & Investments @ June 30 Marketable Investments - Beginning Balance less draw (restricted only) add operating OPEX surplus 4.23% add investment return Ending Balance

Summary Model  4.xlsx

FY 2014

FY 2015

$ 500,000 $ 500,000 $ 314,869 $ 287,829 $ 150,000 $ 100,000 $ $ Interest only P&I (half year) $ 14,965,686 $ 15,175,008

$ $ $ $

500,000 333,826 100,000 P&I $ 15,304,006

$ $ $ $

$ 14,650,000 $ (255,143) $ 75,356 $ 619,695 $ 15,089,908

$ 15,089,908 $ (280,753) $ 43,160 $ 638,303 $ 15,490,618

$ 15,965,461 $ (290,179) $ 167,847 $ 675,339 $ 16,518,468

$ 16,518,468 $ (300,051) $ 100,078 $ 698,731 $ 17,017,226

$ 15,490,618 $ (286,756) $ 106,346 $ 655,253 $ 15,965,461

$17,000,000    

$16,500,000    

$16,000,000    

$15,500,000    

$15,000,000    

$14,500,000    

FY 2014  

FY 2015  

FY 2016  

500,000 349,636 100,000 P&I $ 17,117,226

Version 4

$17,500,000    

FY 2013  

FY 2017

$ 600,000 $ 314,628 $ 150,000 $ Interest only $ 14,865,193

Marketable Investments  -­‐  Model  III  

$14,000,000    

FY 2016

FY 2017  


Faculty Compensation Berwick Academyâ&#x20AC;&#x2122;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 forward, 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.


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


[INSERT in back pocket]

Five Year Plan 2013 â&#x20AC;&#x201C; 2017 Annual Fund

$3,250,000

Rising Generations Initiative

$2,500,000

Total

$5,750,000

Scale of Gifts Number of Gifts 3 8 14 Many

Amount $250,000 $100,000 $50,000 <$50,000

Totaling $750,000 $800,000 $700,000 $250,000 $2,500,000


[INSERT in back pocket]

Five Year Plan 2013 â&#x20AC;&#x201C; 2017 Annual Fund

$3,250,000

Rising Generations Initiative

$2,500,000

Total

$5,750,000

Mr. and Mrs. John Smith Annual Contribution

Years

Accumulated Contribution

Annual Fund

$20,000

x5

$100,000

Rising Generations Initiative

$30,000

x5

$150,000

Total

$50,000

x5

$250,000


[INSERT in back pocket]

In support of the Rising Generations Initiative, this confirms my pledge to invest $_________ in Berwick Academy to the Annual Fund. It is my understanding that the Board of Trustees intends to designate end of year surpluses to the Academyâ&#x20AC;&#x2122;s investment portfolio beginning in Fiscal Year 2013 and ending on June 30, 2017. Donor(s)_______________________________________________________________________ I/We intend to fulfill this commitment according to the following schedule: (Please circle one and indicate dates and amounts below)

Pledge to be paid over 1 2 3 4 5 year(s) ___________, ___________, ___________, ___________, ___________,

2012 2013 2014 2015 2016

$ ___________ $ ___________ $ ___________ $ ___________ $ ___________

Payment Details: Please send reminder notices as installments become due:

Yes___ No___

Preferred listing of name(s):_____________________________________________________________________ OR list as Anonymous ____ We plan to make our gift by: check___ credit card ___ stock___

other___

Please make checks payable to: Berwick Academy Rising Generations Initiative Please circle credit card type: (VISA MC AMEX) #_________________________________________Exp.Date_______CIC______ By signing this document, I/we understand that all pledges are intended to be binding, in accordance with their terms, absent a material change in financial circumstances. Signature(s)______________________________________________________________Date________ The Board of Trustees of Berwick Academy is very grateful for your pledge of support to the Rising Generations Initiative. Your commitment will help strengthen the Academy and improve the educational opportunities for talented students throughout the Seacoast. Thank you for investing in our future.

RGI Collateral  

RGI Collateral

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