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impact report August 2019 | Albuquerque Academy

I am pleased to share this picture of the Academy’s financial health now that we have posted our fiscal year 2019 (ending June 30, 2019) financial results and they have been audited by KPMG. There are encouraging signs in these results, along with further work to be done to keep our school strong.

In the data and graphs, you will see that we have increased our tuition assistance to students for the past three years, with the total number of students receiving assistance increasing the past two years. At the same time, our endowment has stabilized and started to grow again. This is a result of good investment returns and decreased endowment spending. As many of you know, our endowment’s value plummeted during and after the financial crisis, due to the loss of value of our land holdings, general market declines, and the spending needed to maintain the school through very challenging times. After a decade of hard work by everyone on campus, we are back in balance. We are on track to spend the Board of Trustee-mandated 5% of a 20-quarter average of the endowment during fiscal year 2020 (this counts all expenses: operations, debt principal and interest, and endowment management expenses), and we will adopt a budget for fiscal year 2021 that also meets this goal. To ensure the future health of the Academy, the Board of Trustees has set this level of spending for the foreseeable future.

Andrew T. Watson, Head of School

$1,577,248 total gifts in 2018-19
57% of donors gave up to $200
$16,871 average tuition award provided in part through philanthropic support
54 Academy Society Donors (Annual Giving of $2,500 or More)
181 Consecutive Donors of 10+ Years
14% First-Time Donors

Top 3 Alumni Giving Classes

1988

2003

1993

Top 3 Classes – Parent Participation

2025

2021

2019

2015: $93,100,875.50

2016: $86,656,965.60

2017: $86,754,297.41

2018: $85,383,538.47

2019: $89,533,728.74

Thank you!

We are grateful to all in our community who made gifts to Albuquerque Academy during the 2019 fiscal year. Your gifts help the Academy continue to be a place where students learn, grow, and succeed. Thank you for supporting our students as they make their mark on the world.

The many names listed here demonstrate that every gift to Albuquerque Academy – no matter the size – truly matters.

Many people in our Academy family have given their time, talent, and treasure, making an incredible impact on our school. Donor support creates learning opportunities and supports all facets of Albuquerque Academy’s mission and for that we extend a heartfelt thanks. All gifts – annual gifts that make an immediate impact to endowed funds that last in perpetuity – enable the school to achieve its mission and remind us every day that with the right resources, there’s no limit to what we can make possible together.