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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 are grateful for the education St. Paul's gave our son, and we know that tuition alone doesn't cover the cost of all the School offers. So it's important for us to pay it forward and help give other children the same opportunities we received.

Joan and Neale Smith ’58

Joan and Neale Smith ’58

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Joan and Neale Smith Profile

"Education is the one gift that no one can take away. It is your children's foundation that they will carry with them wherever they go. We are grateful for the education St. Paul's gave our son, and we know that tuition alone doesn't cover the cost of all the School offers. So it's important for us to pay it forward and help give other children the same opportunities we received.

St. Paul's is a place where faculty treat students as individuals, not as numbers. The teachers provide the mentoring and one-on-one interaction that is so important for young people. The students get such a great, well-rounded education - academically, athletically, and spiritually.

When a school applies for a grant, foundations looks at what level of support you have from your constituencies, your alumni, your faculty, your parent body. Maybe it's not possible for them to make a big gift, but if you have a lot of people demonstrating their belief in the school by participating, that's very important and makes a statement. Participation levels can be the deciding factor whether a school receives a grant or not."

Joan and Neale Smith '58 have been members of the St. Paul's community for more than a half-century. Neale is an alumnus, former faculty member, and donor who has solicited his classmates to support the School every year since 1970. Joan is a retired educator who led the Upper School at Roland Park Country School. Now a St. Paul's Trustee, she serves on the Finance and the Philanthropy Committees, and chaired the Strategic Planning subcommittee dedicated to Academic Excellence. They are the parents of Chip Smith '93.

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.