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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Tuition should not be covering 95% of operating expenses. That's absolutely not sustainable. 90% is the max, in my opinion, and ideally it's 80-85%. A school that relies heavily on tuition is suspectable to a financial crunch if enrollment drops.

Feynman definitely had no endowment, they said as much on the Go Fund Me (and a school using GFM for.fundraising? Yikes), and I verified that against the 990s.

Jerome Sowalsky must be Susan Gold's father. He's listed as making (more than one?) $7Ok loan to the school, and under "relationship to organization" is says "parent of officer." And I was definitely able to match that name to lawyer in Maryland old enough to be Susan Gold's father. Entirely possible he made true donations as well, but that sort of information isn't publicly available.

As fascinating as all this is to me from a professional point of view (this would be an outstanding case study), please know I feel absolutely awful for all the families who suddenly find themselves without a school in the middle of the year, and the breech of trust you're experiencing. I can't imagine what you and your children are going through right now. I hope.you are all able to find schools that meet your child's needs,.public or private, and that they demonstrate the transparency and sustainability your deserve.[/quote]

Most independent schools schools are only getting 5-8% of their operating budget covered by philanthropy.  So whether or not you think that shouldn't be the case, it is.  [/quote]
Interesting. Our k-8 said tuition covers only 80-85% of the operating budget, and presents that as if it’s not out of the norm (this is a well-established school at no financial risk). I haven’t checked into others to be able to claim what “most” do, however. [/quote]

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