A sound fiscal foundation is essential to everything we do at CCES.
Without an underpinning of financial health and integrity, CCES could not deliver the excellence to which we are committed in all areas.
Of particular note:
A Finance Committee, operating as a working arm of the Board of Trustees, is comprised of eleven members and meets five times throughout the year.
CCES has no long-term debt as of June 30, 2021.
CCES has access to a multi-year credit facilities structure, which allows for suitable borrowing availability to cover annual operational needs, Board of Trustees approved construction projects, and/or capital improvements.
CCES has a robust maintenance reserve, which can be used to finance significant maintenance, renewal, or replacement of the school’s plant assets. Maintaining this reserve is critically important to ensuring the long-term financial health of the school.
The Cavalier Fund is a yearly appeal for donations to support the current operations of the school. These gifts bridge the gap between tuition income and the operating expenses of the school (what the education costs really are). Contributions to the Cavalier Fund allow families to gain a tax-deductible advantage for the support of their children’s education. Monies are raised and spent within the same fiscal year.
Capital Funds are raised to finance specific school projects. Capital projects typically include new building construction and renovation of existing buildings. These funds are derived from private donations and are received in the form of restricted or unrestricted gifts.
Endowment Fundsare also raised to augment the school’s overall endowment position. These gifts may be received as part of a capital project, from a capital campaign, or a stand-alone restricted gift— given for a specific purpose such as financial assistance or professional development.
“We encourage everyone viewing this information to ask questions, understand the numbers, and have the opportunity to share them with anyone who wants to know what makes Christ Church Episcopal School such a vital educational community.”
Christ Church Episcopal School (“CCES”) admits students of any sex, race, color, national or ethnic origin, creed, religion, or sexual orientation to all the rights, privileges, programs, and activities generally accorded or made available to students at CCES. CCES does not discriminate on the basis of sex, race, color, national or ethnic origin, creed, religion, or sexual orientation in the administration of its educational policies, admission policies, scholarship and loan programs, financial aid or other programs, or athletic or other school-administered programs and activities.