Financial Sustainability icon

Financial Sustainability

St. Paul’s will manage its financial resources to ensure that we optimize enrollment, control costs and recognize opportunities for future growth.

We carefully draft a balanced annual budget that balances tuition costs, faculty salaries and benefits, operational expenses and alternate revenue sources to ensure the School is delivering the highest value program possible.

Brian Nelson St. Paul’s Trustee and Chair of the Finance Committee

Brian Nelson St. Paul’s Trustee and Chair of the Finance Committee

View Profile
sps 032715 57.dng

Brian Nelson Profile

Brian Nelson is a St. Paul’s Trustee and Chair of the Finance Committee. A past President of the Board of Trustees of Harford Day School, Brian has over 25 years of experience in the asset management industry with particular emphasis on sales management and distribution. Before founding Harborside Group in 2004, Brian was the Sales Manager for Vanguard’s $100 billion third-party distribution effort. Prior to that, Brian was the National Sales Manager for Flag Investors Funds, a $5 billion fund company sponsored by Deutsche Bank Alex. Brown.

“The Finance Committee is simultaneously focused on the short- and long-term success of St. Paul’s. For the short-term, we make sure the administration has the proper resources to provide an excellent education for students, guarantee quality facilities and a robust program, and the ability to attract talented faculty.
For the long-term, we are ultimately responsible for the endowment which has grown to a record $40 million. It is geared to the continued sustainability of St. Paul’s, and we select appropriate investments for continued principal growth even as we take a draw to support the annual operating budget and high-quality investments in the School.
We carefully draft a balanced annual budget that balances tuition costs, faculty salaries and benefits, operational expenses and alternate revenue sources to ensure the School is delivering the highest value program possible.”

Financial Sustainability Initiatives

  1. Initiative 1

    Establish optimal enrollment targets by division, and invest the resources necessary to merit a high level of demand for a St. Paul’s education.
    • Kindergarten Task Force conducts research project to determine audiences and key messages. Targets these audiences with digital marketing initiative in support of Lower School enrollment.
    • Expanded merit scholarship program to ensure it provides greatest possible net tuition, while attracting most highly qualified students.
    • Achieved significant reduction in attrition rate.
  2. Initiative 2

    Strategically invest in the people, programs and infrastructure necessary to support academic and extra-curricular excellence across all three divisions.
    • Campus Master Plan to guide campus development for the next decade nearly completed.
    • Administrative team completes discussion of program priorities to be included in upcoming Capital Campaign.
  3. Initiative 3

    Exercise best-practice financial management across all facets of the school to control costs and ensure the competitiveness of St. Paul’s in the marketplace.
  1. Initiative 4

    Plan and implement a capital campaign to raise operating and capital resources to support program innovation and endowment funds to sustain the long-term excellence of our people and programs.
    • Capital Campaign in leadership phase, making steady progress in first year.