GOAL THREE: SUSTAINABILITY FOR THE FUTURE
ESD will grow resources to further shift its focus from the short-term to the horizon.
OUTCOME: ESD has the resources necessary to achieve all of its goals.
ESD recently completed an exciting two decades of construction, making many of our facilities among the finest in the nation. To meet the ambitious goals of ESD Tomorrow, we must adopt forward-thinking financial processes and set clear priorities for capital contributions outside of the Annual Fund to expand the School’s unrestricted funds and endowment. Continued thoughtful planning will afford our community the exemplary resources required to shine.
During spring 2014, school leadership developed a comprehensive and forward-focused campus master plan in coordination with the Campus Planning Committee of the Board of Directors and Gund Partnership, a leading architectural firm based in Boston. The intensive six-month study, which utilized the ESD Tomorrow Strategic Plan as its guide, gathered significant input from faculty, staff, parents, alumni, and students to determine the fast-changing educational needs of our students as well as aspirations for our physical spaces. Ultimately, this plan envisions how our school can best serve today’s students in preparing them for tomorrow’s world through our learning spaces.
The Board of Directors approved and adopted the master plan vision at their May 2014 meeting. Plans are now underway to move forward with a comprehensive campaign to make this vision a reality. It is very important to note that this vision is not just about bricks and mortar. An equal and arguably more pressing need is to build our endowment. Along with tuition and the annual fund, endowment is one of ESD’s three main sources of income. Our goal of more than doubling our endowment will provide essential immediate and long-term support for teachers, students, and programs, securing the financial sustainability of our school.
The Sustainability Initiative will:
• Design and implement the ESD Tomorrow Campaign
• Refine and improve our risk management program
• Develop and maintain a long-term financial model that will allow ESD to continue to achieve its Mission
• Implement best practices in independent school alternative revenue generation
• Enhance involvement of our community in the life of the school