Latin School of Chicago

Dear Latin Community, We are pleased to report that Latin completed another financially successful school year in 2018–19, resulting in a modest surplus that was transferred to Latin's endowment. Our financial strength enables us to devote resources to delivering on our new strategic vision and priorities. 2018–19 highlights include: • Opened the school year with a record-high enrollment of 1,175 students. • Continued to manage tuition increases with a 2.9% average increase across all divisions. • Provided approximately $4 million in need-based financial aid. • Completed the Upper School Learning Commons. • Completed the Greenwood Learning Garden. • Raised more than $1 million to support financial aid with the inaugural Romans Raise & Revel event. As you will see throughout this report, the partnership with parents and support from alumni have allowed us to provide our students with the best possible experience. In particular, we would like to thank Brian Miller '92, chair of the Investment Committee, Elizabeth Mihas, chair of the Development Committee, and Maury Tognarelli, chair of the Facilities Committee for their leadership and outstanding commitment to the work of the school. We are also grateful to the entire Latin community for the ongoing financial generosity that allows our faculty, staff and students to live our values and bring our mission to life on a daily basis. Finally, we would like to express our appreciation to Tom Alexander, who retired in June after 11 years as Latin's Chief Financial Officer. Thank you for your ongoing support. Sincerely, Arthur Margulis 2018–19 Treasurer and Finance Committee Chair, Board of Trustees Michael Szczepanek Chief Financial Officer LETTER FROM THE CFO AND TREASURER OF THE BOARD "Our financial strength enables us to devote resources to delivering on our new strategic vision and priorities." Latin School of Chicago 4

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