Report on Philanthropy

2023-2024 Annual Giving Summary

Total Philanthropic Support: $18,368,714

WHY MERCERSBURG'S PHILANTHROPIC MODEL IS SO IMPORTANT

The school’s financial model is comprised of three primary elements:
Tuition supports direct costs associated with educating students that are not already underpinned by other sources. For the 2024-2025 academic year, there is a gap of nearly $14,000 per student between tuition and the true cost of a Mercersburg education. That gap is bridged by philanthropic support through the endowment
and the Annual Fund.

The endowment is made up of hundreds of funds provided by generous alumni, parents, and friends of Mercersburg. Each of these donors decides how the school will utilize their endowed gift (e.g., financial aid, faculty professional development, athletics, the arts, unrestricted, etc.). The principal of the fund is not spent,
but rather a percentage (currently 3.75) of the 12-quarter moving average of the fund’s market value on June 30 of the previous fiscal year. This helps to smooth any fluctuations in market values and allows for a stream of income in perpetuity for the purpose expressed by the donor.

The Annual Fund provides ongoing support on a year-to-year basis to cover needs above what tuition dollars and the endowment supply. Without an Annual Fund (approximately $4 million annually), the school would need an Immediate influx of more than $100 million in endowed funds and/or to unsustainably raise tuition dollars to Produce the same services Mercersburg is able to provide each year.

Each of these three elements serves an important role to ensure Mercersburg’s robust academic and extracurricular offerings, highly trained faculty and staff, speakers of national prominence, international travel opportunities, and more.

In addition, private support makes possible all new buildings and spaces so the school’s facilities can furnish a compelling and inspiring backdrop to Mercersburg’s incredible programs, while also serving the practical needs of talented faculty. Philanthropy ensures that no tuition dollars are ever circumvented from student-centered needs to establish the spaces where learning takes place.

Mercersburg is proud of its ability to rely upon the generosity of those who know the school best and that its financial model allows students to receive one of the best educations available.

Endowment Performance

We are pleased to provide this report on the Mercersburg Academy endowment for the fiscal year ending June 30, 2024.

Thanks to the generosity of donors and the stewardship of the Board of Regents’ Investment Committee, we are able to carry on the mission of Mercersburg Academy and offer a strong and vibrant education to 450 students from across the country and around the world.

All data as of June 30, 2024.