I’m pleased to report that Darlington School celebrated another year of financial sustainability in 2021-2022, and this success can be primarily attributed to three factors: strong student enrollment, our devoted faculty and staff, and our generous donors.
With tuition dollars accounting for 80% of our revenue budget each year, our students are a key component to our financial sustainability. During the 2021-2022 school year, we increased our enrollment by 35 students compared to the prior year and continued to see increased enrollment going into the 2022-2023 school year. Our diverse student population allows us to maintain our quality programs and provides opportunities for enrichment and growth.
Also contributing to our financial success are our faculty and staff, each of whom are charged with being good stewards of our resources. Through thoughtful and creative planning, they are able to provide unique and engaging opportunities for our students, while ensuring that our expenses are well managed. In return, we are able to invest in them each year through competitive salaries and benefits as well as professional development opportunities.
Lastly, our loyal donors are critical to ensuring Darlington’s financial security now and in the future. We are ever grateful to those who give every year to The Darlington Fund and for the ongoing gifts to our endowment. Your investment in our school allows us to continue providing the best opportunities possible for our students, faculty members, alumni and special friends.
Together, we all work together to ensure that Darlington is a special place for our students that will prepare them to be confident contributors in college, to their communities and to our world. Thank you all for your hard work and dedication to our school.
Chief Financial Officer