2021 Financial Report Northfield Mount Hermon
5,714 TOTAL DONORS
7 NEW ENDOWMENT FUNDS
$100,000 MINIMUM COMMITMENT
39 NEW DOCUMENTED PLANNED GIFTS
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ACAD, STUDENT, ADMIN SUPPORT
CAPITAL FINANCIAL AID
EXPENSES INCL. FINANCIAL AID
Academic, Student, and Administrative Support
Financial Aid TOTAL
$14,330,104 TOTAL DOLLARS RAISED
Message from the Chair
All members of the Northfield Mount Hermon community should take great pride in the success of the past year. The unwavering support from Northfield Mount Hermon alumni, families, and other philanthropic partners resulted in over $14.3 million in new gift commitments during the 2021 fiscal year, ending June 30. This once again includes a record-setting NMH Fund. Additionally, the endowment equipped the school’s annual operating budget with $5.2 million this past academic year, providing critical resources for faculty, staff, and students. Together, these successes are enabling the school to raise its annual financial aid budget to $10 million — also a new record. The Board of Trustees is committed to stewarding the school’s resources responsibly, especially as it continues to
navigate the ongoing uncertainty around COVID-19 and its many implications. We want to be transparent with all community members about the school’s finances and the ways in which philanthropic support is enabling increases in financial aid, campus improvements, and its ability to attract and retain caring faculty and staff. We are pleased to share the impact of your support on the school’s finances during the 2021 fiscal year. Your ongoing commitment is appreciated and more important than ever. Thank you for everything you do to support Northfield Mount Hermon. — Mariah Draper Calagione ’89 P’18 ’20
2020–21 FACTS & FIGURES 670 students from 52 countries Largest pool of applicants since 1994
²/³+ Class of 2021 admitted to their top-choice school NMH Fund tops $5 million for first time
Met $5 million Access to NMH Excellence Endowment Challenge Fully funded 42,000 sq. ft. Gilder Center for math and science Fully funded 8,000 sq. ft. Calagione Fitness Center $10.2 million financial aid budget — new record
We give to NMH because . . . Sandy and Rich Messer P’06, ’13, ’16 English Faculty Member; Director of Dining Services We are grateful for all those who have come before us and dedicated their heads, hearts, and hands to investing in NMH. We give back to the school for every student who says ‘thank you’ as they leave the classroom; for every workjob student who learns to respect manual labor; for every student who shows empathy for others. We also give back because we are inspired by
worst, they’ve seen me succeed and fail, and they’ve been there for every one of these moments, cheering me on no matter what. I am constantly learning new things about myself. Attending NMH [has been] the opportunity of a lifetime, so thank you for making it possible for me.
Gail Doolittle ’89 Facilities Logistical Coordinator I was blessed to have the opportunity to graduate from NMH. Both my parents worked here, and I was, and still am, just a small town girl who
. . . we’re a small part of the greater collective work that has been done . . . all the donors to NMH, including our former students, who hope to ensure our collective success. Like you, we have hope that NMH always strives to live up to our founder’s mission.
Zari Newman ’21 Class Commencement Speaker, Johns Hopkins University Student Northfield Mount Hermon [became] a home away from home for me. The people here are an extension of my family. They’ve seen me at my best and
hasn’t left Northfield. Having been a student — and an employee — allowed me to meet people from all over the world that I otherwise would never have met. For this I am most grateful — and a wonderful education! NMH is more than a job for me — it’s a place that I care deeply about. It has heart, and I think about this when I come to work every day. This year, I am looking forward to celebrating Meg Donnelly. Though she’s retiring and I will miss seeing her on campus. I am glad I have had the pleasure to be her student, coworker, and friend.
Julia Fedoruk ’22 Over my past three years, NMH has provided me with an opportunity to hone my talents as an individual and a place to put those skills into action to benefit my community. As I think about closing my time here, I hope that I can somehow make the new students feel at home the same way others have welcomed me in. Every year, I am grateful for those who support NMH and continue to build the beautiful community of students that I have experienced.
Grant Gonzalez and Nhu Hoang Gonzalez Assistant Dean of Faculty and Social Entrepreneurship Teacher; Science Department chair We’re grateful to have a community that consistently pulls together and supports one another. Similarly, we appreciate so many friends of NMH who stay involved as donors, helping us to continue the work with each new class on campus. We’re already enjoying just being back with students and working with them in all capacities. We give to NMH because we recognize that we’re a small part of the greater collective work that has been done throughout our school’s history to sustain us in achieving our mission.
The Endowment: Everlasting Support Northfield Mount Hermon will award over $10 million in financial aid to students this year, and that is thanks to both continued gains in annual NMH Fund support and our well-funded and growing endowment. Endowed funds are long-term investments. Endowed funds, created by gifts from individual donors, are combined and invested within an endowment pool. To preserve the endowment’s total value over time, each endowment fund is invested to provide annual income and long-term growth of principal (although depreciation is possible, as with any investment). The NMH Board of Trustees is deeply committed to building these resources in the coming years. The board’s investment committee continually reviews the endowment pool’s investment goals, performance, and asset allocation.
Tidiane Thiam ’23 I simply have to say thank you! The donors who provide financial support for the school community have the ability to completely alter the NMH experience. The gifts not only help enhance our facilities and equipment for a better learning experience but also empower students.
Each year, the board authorizes spending a fixed percentage of the endowment’s value, and incorporates those dollars into the school’s annual operating budget. The investment committee focuses on responsible stewardship and ensuring that philanthropic gifts provide longlasting support to NMH and its students. ENDOWMENT VALUE JUNE 30, 2021
BEGINNING VALUE JUNE 30, 2020
DOLLARS FROM ENDOWMENT INCORPORATED INTO THE 2021 OPERATING BUDGET
INVESTMENT PERFORMANCE as of June 30, 2021 1 YEAR
*60% MSCI World/40% Barclays Capital Aggregate
Donations serve as a symbol that there are people who believe in us to become better human beings while we embark on our NMH journeys. I’m most grateful for the people — the teachers, coaches, peers, and other community members have not only given me insight into different perspectives, but have been there when I needed them most, whether
they knew it or not at the time. I try to give back by having a positive attitude on a day-today basis. Recently, I became a Resident Leader; this attitude has helped me in this position when attempting to create a respectful and welcoming environment in the 9th-grade dorm. I’m thankful for each year at NMH.
Northfield Mount Hermon One Lamplighter Way Mount Hermon, MA 01354
2021 Financial Report