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Reports and Recognition

Northfield Mount Hermon is grateful for our community’s ongoing trust and investment in our enduring values of educating the head, heart, and hand.

 

NMH 2024 Financial Highlights

During the fiscal year ending June 30, 2024 (FY24), Northfield Mount Hermon’s endowment and managed assets achieved significant growth, a testament to our commitment to financial stewardship and long-term sustainability. With an investment return of 13.1%, the endowment’s total value reached $229 million (per 2024 audited financial statements), driven by generous contributions, strategic investments, and responsible distributions. Endowment earnings contributed $7.2 million to the school’s annual operating revenue, ensuring essential resources for key initiatives:

  • Financial aid and scholarship support: Our financial aid budget has grown to more than $14 million — up 47% since the 2018–19 academic year — with 39% of students receiving need-based support.

  • Capital enhancements: We secured a $6 million lead commitment for a new ice hockey rink and field house, established the Li Wrestling Center, renovated the dining servery in Alumni Hall, and added new turf on McLamore Field.

  • Faculty support: We increased compensation for faculty by 25% and increased every employee’s retirement by 25%. We also invested more than $5 million in faculty housing.
     

 

The Donor Bill of Rights

The Donor Bill of Rights was created by the Association of Fundraising Professionals (AFP), the Association for Healthcare Philanthropy (AHP), the Council for Advancement and Support of Education (CASE), and the Giving Institute: Leading Consultants to Non-Profits. It has been endorsed by numerous organizations. Philanthropy is based on voluntary action for the common good. It is a tradition of giving and sharing that is primary to the quality of life. To assure that philanthropy merits the respect and trust of the general public, and that donors and prospective donors can have full confidence in the not-for-profit organizations and causes they are asked to support, we declare that all donors have these rights.