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Farren, Limited
Gordonstoun
Nova
Scotia
Strategic
Business
Plan
August
9,
2018
P.O. Box 306, Saint John, N.B., Canada E2L 3Y2 T(506)652-2100 F(506) 652-2101
Contents
Introduction
................................................................................................................................................
3
Annapolis
County
and
Valley
Profile
...........................................................................................................
3
The
E.A.
Farren,
Limited
Team
....................................................................................................................
4
Historic
Connection
.....................................................................................................................................
4
School
Background
......................................................................................................................................
5
Kurt
Hahn’s
Educational
Philosophy
...........................................................................................................
6
Notable
Gordonstoun
Alumni
.....................................................................................................................
7
Gordonstoun
in
Nova
Scotia
.......................................................................................................................
8
The
International
Baccalaureate
and
Round
Square
Programs
..................................................................
9
Gordonstoun
Franchise
Support
...............................................................................................................
10
School
Accreditation
.................................................................................................................................
11
Management
Structure
.............................................................................................................................
11
Approach
to
Staffing
.................................................................................................................................
14
Market
Feasibility
......................................................................................................................................
14
Student
Recruitment
............................................................................................................................
14
Location
................................................................................................................................................
15
Political
Support
........................................................................................................................................
16
Construction
Summary
..............................................................................................................................
17
Approach
to
Construction
.........................................................................................................................
19
Gordonstoun
Nova
Scotia
Timelines
.........................................................................................................
20
Year
1
Actions
2018
..............................................................................................................................
20
Year
2
Actions
2019
..............................................................................................................................
21
Year
3
Actions
2020
..............................................................................................................................
21
Year
4
Actions
2021
..............................................................................................................................
22
Year
5
Actions
2022
..............................................................................................................................
22
Student
Recruitment
and
Educational
Timelines
......................................................................................
23
Tuition
and
Fees
Policy
..............................................................................................................................
24
Estimated
Cost
..........................................................................................................................................
25
Financial
Summary
....................................................................................................................................
26
Key
Financial
Assumptions
........................................................................................................................
27
Financing
Strategy
.....................................................................................................................................
28
P
&
L
Statements:
The
First
Three
Years
...................................................................................................
30
P
&
L
Statement:
Full
Enrollment
..............................................................................................................
34
Due
Diligence
and
Accountability
..............................................................................................................
35
Appendix
A
–
Gordonstoun
Franchise
Task
List
....................................................................................
36
Appendix
B
–
Market
Feasibility
Gilbert
McGloan
Gillis
.......................................................................
41
Appendix
C
–
Income
Statement
........................................................................................................
116
Appendix
D
–
Balance
Sheet
...............................................................................................................
117
Appendix
E
–
Statement
of
Cash
Flows
..............................................................................................
118
2
Introduction
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
submits
the
following
document
that
outlines
the
business
plan
for
the
development
and
operation
of
Gordonstoun
Nova
Scotia
(“The
School”)
that
is
being
developed
to
take
its
place
as
a
world
class
international
private
school
located
in
Bridgetown,
Nova
Scotia.
Gordonstoun
Nova
Scotia
will
operate
under
a
franchise
agreement
with
Gordonstoun
Schools
Limited,
Elgin,
Morayshire,
Scotland,
itself
a
world
leader
in
the
education
of
youth
and
whose
educational
philosophies
established
under
its
founder,
Dr.
Kurt
Hahn,
have
given
rise
to
several
other
world
class
schools
founded
by
him
and
remain
rooted
in
the
Hahnian
tradition
that
is
described
herein.
This
document
is
intended
to
demonstrate
the
viability
of
developing
and
operating
The
School
in
Annapolis
County,
Nova
Scotia
while
incorporating
leading
edge
technologies
and
cost
efficient
energy
efficiencies
in
both
the
teaching
and
living
conditions
of
the
School.
This
document
will
give
financial
capital
providers
insight
on
the
methodologies
and
facilities
that
will
underpin
the
successful
operation
of
Gordonstoun
Nova
Scotia
as
an
international
centre
of
excellence
for
the
education
and
personal
development
of
today’s
youth
recruited
worldwide
to
its
classrooms.
Gordonstoun
Nova
Scotia’s
success
is
being
built
upon
replicating
and
strictly
adhering
to
the
ethos
and
branding
successfully
developed
through
84
years
of
operation
of
the
historically
influential
and
internationally
recognized
Mother
School,
Gordonstoun,
located
in
Duffus,
Elgin,
Morayshire,
Scotland
(www.gordonstoun.org.uk)
of
which
Gordonstoun
Nova
Scotia
will
be
a
proud
member.
Annapolis
County
and
Valley
Profile
The
County
of
Annapolis
and
the
Annapolis
Valley
offer
a
unique
urban-‐rural
vista
for
residents
and
visitors
alike
to
explore
along
the
Province
of
Nova
Scotia’s
majestic
Bay
of
Fundy
coast
that
is
located
along
the
northwestern
part
of
the
province.
The
Annapolis
Valley
is
comprised
of
internationally
competitive
hillside
vineyards
and
wineries,
ancient
river
valleys,
historic
towns
and
villages,
rolling
farmland,
British
and
French
colonial
fortifications,
and
First
Nations
communities.
Recreational
and
educational
opportunities
are
readily
found
in
museums,
coastal
and
lake
beaches,
provincial
parks
and
national
historic
sites.
Walking
trails,
outdoor
camping,
Bay
of
Fundy
and
ocean
sailing,
and
winter
sports
activities
abound
amidst
nationally
and
internationally
recognized
educational
institutions
and
excellent
healthcare
services.
3
The
E.A.
Farren,
Limited
Team
E.A.
Farren,
Limited’s
team
that
will
draw
the
Gordonstoun
Nova
Scotia
project
together
is
comprised
of:
1. An
internationally
experienced
team
in
financial
banking
and
international
financial
law
working
with
European-‐based
Banking,
Non-‐Banking,
and
Wealth
Management
lenders.
2. An
internationally
recognized
team
providing
due
diligence
in
accountancy,
auditing,
and
project
management.
3. An
internationally
recognized
team
experienced
in
architectural
and
site
Master
Plan
design.
4. An
internationally
experienced
team
in
Net
Zero
Energy
Efficiency
building
and
construction
with
more
than
30,000
subscribers
internationally
including
France,
Germany,
and
Switzerland.
5. An
internationally
experienced
team
in
International
Baccalaureate
(IB)
accreditation,
National
Association
of
Independent
Schools
(NAIS)
and
Canadian
Association
of
Independent
Schools
(CAIS)
accreditation,
and
in
classroom
and
learning
space
requirements.
6. A
nationally
recognized
team
experienced
in
hotel,
restaurant,
and
educational
institution
food
and
non-‐food
facilities
design
and
equipment
requirements,
menu
and
healthy
foods
planning,
ecodiverse
culinary
food
chain
supplies,
and
the
development
of
on-‐site
growth
of
eco-‐sustainable
food
supplies.
7. An
internationally
experienced
team
in
student
recruitment
and
in
working
in
all
parts
of
the
global
community.
Historic
Connection
An
historic
connection
exists
between
Gordonstoun,
then
the
home
of
Sir
Robert
Gordon,
and
Nova
Scotia
and,
hence,
with
Gordonstoun
Nova
Scotia.
Sir
Robert
was
created
Scotland’s
Premier
Baronet
of
Nova
Scotia
on
28
May
1625
and
granted
16,000
acres
on
the
coast
of
Nova
Scotia
which
were
erected
into
a
barony.
Sir
Robert
had
arranged
the
Awards
of
this
Honour
in
order
to
finance
the
development
of
the
Colony
that
is
now
the
Province
of
Nova
Scotia.
The
coat
of
arms
of
the
baronetcy
of
Nova
Scotia
is
situated
on
the
west
gable
of
Gordonstoun
House,
now
the
administrative
building
of
Gordonstoun
and
will
be
replicated
in
the
Administration
Building
of
Gordonstoun
Nova
Scotia
that
is
to
be
named
Sir
Robert
Gordon
Hall.
4
School
Background
Gordonstoun
Nova
Scotia
is
being
established
as
a
member
of
Gordonstoun
Schools
Limited
for
the
education
of
youth
aged
16
to
19
years
and
built
to
operate
internationally
as
a
Not-‐for-‐
profit
school
based
on
the
ethos
and
brand
of
Gordonstoun
School,
Morayshire,
Scotland,
founded
by
Dr.
Kurt
Hahn
who
was
decisively
influential
internationally
in
broad
curriculum
education
and
personal
development.
Dr.
Hahn
had
served
in
the
German
Foreign
Ministry
during
World
War
1
and,
realizing
the
necessity
of
lasting
peace
toward
the
end
of
the
war,
promoted
the
appointment
of
and
served
as
Private
Secretary
to
Prince
Max
von
Baden,
the
last
Imperial
Chancellor
of
Germany
and
Prime
Minister
of
Prussia.
It
was
during
his
wartime
experience
that
Dr.
Hahn
saw
broad
curriculum
education
and
personal
development
as
a
vehicle
through
which
to
develop
a
generation
of
people
desirous
of
international
peace
and
cooperation.
Friedrich
Ebert,
head
of
the
Socialist
Party
(SPD)
in
Germany
had
attempted
to
persuade
Prince
Max
to
become
Regent
of
Germany
which
Prince
Max
declined.
Both
Prince
Max
and
Dr.
Hahn
retired
to
Salem,
Germany
where
Dr.
Hahn
founded
Schule
Schloss
Salem
School
in
1920
in
cooperation
with
Prince
Max.
Dr.
Hahn
very
publicly
broke
with
Hitler
and
was
imprisoned
in
1933
for
five
days
during
which
time
British
Prime
Minister
Ramsay
MacDonald
successfully
appealed
for
his
release.
Dr.
Hahn
immediately
moved
to
Britain
in
March
1933
where
he
founded
Gordonstoun.
Through
his
educational
vision
and
philosophy,
Dr.
Hahn
also
founded
the
Outward
Bound
movement
in
1941,
the
Duke
of
Edinburgh
Award
Scheme
in
1956,
Trevelyan
Scholarships
in
1958,
Atlantic
College
in
Wales
and
the
United
World
Colleges
movement
in
1962,
the
Medical
Commission
for
the
Prevention
of
Accidents
in
1964,
and
an
international
organization
of
schools,
now
called
Round
Square.
Following
World
War
ll,
Dr.
Hahn
founded
several
other
boarding
schools
based
on
the
principles
of
Salem
and
Gordonstoun
including
Anavrytna
in
Greece
and
Louiselund
in
Germany
in
1949,
Rannoch
School
in
Scotland
and
Box
Hill
in
England
in
1959.
These
schools
were
followed
by
the
International
School
Ibadan
founded
in
Nigeria
in
1963
and
The
Athenian
School
in
Danville,
California
in
1965.
In
addition,
his
philosophies
and
brand
provided
the
foundation
framework
for
the
Kurt
Hahn
Expeditionary
School
in
Brooklyn,
New
York,
in
2007.
Kurt
Hahn
retired
from
Gordonstoun
and
returned
to
Hermannsberg,
Germany,
near
Salem
in
1953.
He
died
there
in
1974
and
was
buried
in
Salem.
The
building
housing
both
the
library
resource
centre
and
the
learning
centre
designed
to
assist
students
of
Gordonstoun
Nova
Scotia
through
hurdles
in
their
studies
will
be
named
The
Kurt
Hahn
Learning
Centre
in
his
memory.
5
Kurt
Hahn’s
Educational
Philosophy
Kurt
Hahn’s
views
on
world
affairs
and
the
necessity
of
peace
and
new
approaches
to
interactions
between
nations
through
education
were
shaped
by
his
experiences
in
the
German
Imperial
Ministry
of
Foreign
Affairs
and
in
his
work
as
Private
Secretary
to
Prince
Max
von
Baden,
last
Imperial
Chancellor
of
Germany.
What
then
is
Kurt
Hahn’s
educational
philosophy
upon
which
Gordonstoun
Nova
Scotia
is
founded
and
rooted?
Kurt
Hahn
believed
that
the
principal
task
of
education
is
to
ensure
the
survival
of
five
fundamental
qualities
in
meeting
the
generational
challenges
in
respect
to
personal
growth
and
international
cooperation
leading
to
peace
and
development
among
nations,
namely:
1. An
enterprising
curiosity
within
individuals.
2. An
undefeatable
spirit
in
meeting
challenges.
3. Tenacity
in
the
pursuit
of
goals.
4. Readiness
for
sensible
self
denial,
and
5. Above
all,
understanding
and
compassion
for
others.
The
impact
of
these
five
qualities
Kurt
Hahn
espoused
is
best
exemplified
in
an
Address
he
gave
at
the
Founding
Day
Ceremony
of
the
Athenian
School
in
Danville,
California
in
1965
in
which
he
stated
it
was
the
community
of
“remarkable
boys
and
girls”
at
Salem
School
who
“proved
their
mettle”
when
“they
saved
the
school
from
extinction
by
Hitler.”
The
successors
of
these
students
protected
Salem
“against
the
corruption
by
Hitler”
until
1944
when
it
was
finally
Nazified
and
to
be
re-‐opened
again
after
the
war.
Accordingly,
Dr.
Hahn
believed
that
schools
should
build
up
in
the
young
a
healthy
resistance
against
the
tempting
declines
which
surround
them
including
listlessness,
subversive
anger,
and
scepticism.
His
prescriptive
cures
for
these
tempting
declines
were:
1. A
morning
break
devoted
to
athletic
training
designed
to
keep
the
joy
of
movement
alive
and
which
is
often
extinguished
in
adolescence.
Kurt
Hahn
believed
in
training
in
jumping,
throwing,
and
running
because
jumping
develops
decision;
throwing,
strength;
running,
the
power
to
tap
one’s
hidden
reserves.
2. The
expedition,
whether
a
canoeing,
riding,
sailing,
or
climbing
expedition,
that
should
give
young
people
the
experience
of
being
alone
because
in
solitude
one
naturally
looks
back,
one
also
thinks
and
dreams
ahead
and
one
finds
it
difficult
to
conveniently
forget
what
one
should
remember.
It
is
through
the
expedition
that
one
learns
they
are
needed
as
part
of
the
team
by
giving
help
to
a
fellow
man
in
danger
with
the
result
that
compassion
becomes
the
master
motive
in
one’s
life.
3. The
project,
projects
chosen
by
the
pupil,
projects
of
art,
music,
craftsmanship,
and
in
the
last
year
of
school,
mainly
projects
of
research
demanding
victorious
patience
and
tenacity
of
purpose
that
often
bring
to
light
a
hidden
creativity.
Kurt
Hahn
recognized
the
importance
of
examinations
because
they
train
willpower
and
the
young
develop
6
and
test
the
alertness
of
mind
in
preparing
for
them
but
he
also
recognized
that
projects
of
research
can
lead
to
the
discovery
of
intellectual
reserves
which
school
exams
often
fail
to
recognize.
4. Service
to
community,
again
“you
are
needed,”
whether
it
be
rendered
on
dramatic
occasions
most
particularly
in
rescue
service
and
the
training
which
it
demands
in
ski
patrol,
surf
lifesaving
and
coast
guard
or
through
voluntary
workers
bringing
relief
to
the
blind,
the
old,
and
the
lonely
and
through
volunteerism
in
hospitals
and
approved
schools
whether
in
math
or
in
reading.
Consequently,
Dr.
Hahn
placed
great
value
in
experiential
education
because
he
fundamentally
believed
it
is
through
this
process
that
individual
students
accept
within
themselves
that
“there
is
more
within
you
than
you
think”
and
gives
rise
to
the
belief
that
we
each
have
more
courage,
more
strength,
and
more
compassion
within
us
than
we
would
have
believed.
It
was
Kurt
Hahn’s
mission
to
help
people
around
the
world
believe
these
truths
about
themselves
through
the
experiential
and
broad
curriculum
ethos
and
brand
he
formulated.
Gordonstoun
in
Nova
Scotia
Gordonstoun
Nova
Scotia’s
mission
is
to
reflect
the
Hahnian
educational
philosophy
through
a
four-‐year
broad
curriculum
program
of
core
classroom
studies,
sports
and
outdoor
learning
activities
that
is
enhanced
through
community
and
international
volunteerism.
The
Gordonstoun
Nova
Scotia
educational
experience
based
in
Annapolis
County,
Nova
Scotia
is
presented
through
high
academic
and
extracurricular
expectations
and
opportunities
in
which
life
in
the
boarding
community
and
academic
achievement
in
the
International
Baccalaureate
(IB)
and
Gordonstoun
broad
curriculum
program
are
equally
emphasized.
The
Hahnian-‐based
broad
curriculum
is
designed
to
instill
in
students
the
confidence
to
carry
themselves
inspirationally
and
effectively
through
quality
classroom
learning
experiences,
mentorship
from
internationally
qualified
teaching,
sports,
and
outdoor
learning
staff,
and
the
spirit
of
teamwork
promoted
throughout
the
school
so
they
can
successfully
navigate
their
way
through
life’s
exciting
challenges
and
great
opportunities.
The
democratic
ethos
of
school
life
and
discipline
at
Gordonstoun
Nova
Scotia
will
be
based
on
the
experiential
education
principles
of
Kurt
Hahn
and
placed
in
the
hands
of
elected
students
under
the
guidance
of
staff.
Breaches
of
discipline
will
be
jointly
dealt
with
by
the
School
Administration
and
the
elected
leaders
of
the
student
body
in
what
is
called
the
Leadership
Council.
Gordonstoun
Nova
Scotia’s
aim
through
its
broad
curriculum
processes
is
to
build
personalities
who
respect
the
individual,
act
responsibly
for
the
environment,
and
who
will
live
and
encourage
the
democratic
ideal.
The
broad
curriculum
at
Gordonstoun
Nova
Scotia
will
include:
1. Art,
Music
including
Pipe
Band,
Drama,
and
Dance.
2. Sciences
–
Biology,
Physics,
Chemistry.
3. Math,
History,
Geography,
and
Business.
4. Languages
including
English,
French
and
German.
5. Computer
Science
including
coding.
6. STEAM
(Science,
Technology,
Engineering,
Arts,
Math)
and
FLL
Robotics
research.
7. Sports
activities
including
soccer,
basketball,
volleyball,
swimming,
cross
country
running,
high
jump,
Nordic
skiing,
and
downhill
skiing.
8. Outdoor
education
under
certified
experts
including
Outward
Bound,
outdoor
camping,
expeditions,
learning
to
sail
(dinghies),
sail
training
(ocean),
and
sea
kayaking.
9. Community
service
including
senior
citizen
service
projects,
scouting
leadership
and
community
volunteerism,
community
performances
in
Pipe
Band,
instrumental
and
choral
music,
drama,
and
dance
and
in
regional
and
national
performances.
10. International
service
projects.
8
The
core
classroom
subjects
will
be
taught
by
teachers
qualified
to
a
minimum
of
Master’s
degree
in
their
subject
area
and
will
be
examined
in
conformity
with
the
academic
standards
of
the
IB
(International
Baccalaureate)
Global
Centre
in
Bethesda,
Maryland,
U.S.A.
and
the
IB
Assessment
Centre
in
Cardiff,
Wales.
All
students
must
participate
in
community
service
and
in
a
regular
program
of
sports
and/or
outdoor
pursuits
including
Outward
Bound.
Participation
in
the
broad
curriculum
programs
in
music,
theatre,
dance,
and
visual
arts
is
strongly
encouraged.
The
sports,
outdoor
education
and
academic
components
of
the
broad
curriculum
will
be
led
by
noted
and
highly
qualified
figures
in
each
of
their
fields
who
will
mentor
and
afford
students
the
opportunity
to
participate
in
local,
regional,
and
national
academic,
sports
and
outdoor
education
and
competitive
events.
It
is
through
participatory
and
mentored
events
led
in
a
spirit
of
teamwork
by
highly
qualified
individuals
in
sports,
culture,
and
the
academic
program
that
the
Gordonstoun
Nova
Scotia
broad
curriculum
will
prepare
its
students
not
only
for
examinations;
it
will
prepare
them
for
life
with
a
strong
moral
character
and
the
ability
to
problem-‐solve
and
collaborate
as
global
citizens.
9
The
School
will
also
be
a
participating
member
of
the
Round
Square
movement
under
the
leadership
of
Round
Square,
Windsor,
United
Kingdom.
Round
Square
was
founded
at
Gordonstoun,
Scotland
and
facilitates
and
maintains
a
worldwide
network
of
180
schools
engaged
in
Round
Square
either
as
members
or
as
candidates
that
are
located
in
50
countries.
The
Round
Square
network
offers
its
members
a
framework
for
excellence
and
continuous
improvement
along
with
structured
opportunities
to
collaborate
and
share
rich
experiences
with
like-‐minded
peers
around
the
world.
This
opportunity
will
amplify
the
impact
of
living
at
the
School
and
will
provide
an
even
more
enriching
experience
that
shapes
the
lives
of
those
who
pass
through
Gordonstoun
Nova
Scotia.
Consequently,
students
will
be
afforded
every
opportunity
through
the
Round
Square
movement
and
the
broad
curriculum
offered
by
Gordonstoun
Nova
Scotia
to
achieve
in
ways
and
to
levels
beyond
their
perceived
limits
in
a
manner
that
is
in
conformity
with
Gordonstoun
Schools
Limited’s
motto
that
Plus
est
en
Vous
(More
is
in
you).
This
approach
will
enhance
the
ability
of
Gordonstoun
Nova
Scotia
students
to
create
a
blueprint
in
their
own
lives
for
succeeding
in
all
of
life’s
personal
and
professional
challenges.
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
is
working
hand
in
hand
with
Gordonstoun
Schools
Limited
for
the
development
of
the
Nova
Scotia
campus
in
accordance
with
the
terms
and
conditions
in
Appendix
A
that
has
been
prepared
by
the
Gordonstoun
Schools
Limited
Business
Manager
to
ensure
a
successful
development
and
launch
of
the
School.
This
relationship
ensures
that
Gordonstoun
Nova
Scotia
will
leverage
the
ethos
and
brand
of
Gordonstoun
Schools
Limited
to
successfully
attract
both
financial
capital
and
student
enrollment.
Gordonstoun
Schools
Limited,
Morayshire,
Scotland
will
be
an
instrumental
franchise
partner
to
the
successful
development,
launch
and
ongoing
operations
of
Gordonstoun
Nova
Scotia.
This
relationship
will
enable
Gordonstoun
Nova
Scotia
to
leverage
the
many
aspects
which
have
contributed
to
the
world-‐wide
reputation
of
Gordonstoun
Schools
Limited.
10
Accordingly,
Gordonstoun
will
supply
Gordonstoun
Nova
Scotia
with
support
and
guidance
on
ethos,
values,
and
educational
approach;
provide
templates
through
existing
Gordonstoun
procedures
on
pupil
selection,
uniforms,
disciplinary
policies,
and
pupil
welfare
including
procedures
for
the
safeguarding
and
child
protection
of
all
pupils;
templates
and
policies
on
the
process
of
selection
of
the
Head
of
School,
senior
management,
teachers
and
supporting
staff
and
their
training
and
development,
and
the
methods
of
managing
them;
the
system
and
methods
of
managing
the
School;
and
pupil
admissions
criteria.
School
Accreditation
Gordonstoun
Nova
Scotia
will
offer
the
International
Baccalaureate
(IB)
and
the
Diploma
Program
(DP)
which
enjoy
a
high
level
of
respect
among
leading
universities,
both
nationally
and
internationally
and
are
recognized
by
the
Department
of
Education,
Province
of
Nova
Scotia,
for
certification
of
private
schools
within
the
Province.
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
has
put
in
place
a
highly
respected
team
experienced
in
education
leadership
and
accreditation
that
will
immediately
put
in
place
and
complete
the
acceptance
and
accreditation
process
within
the
International
Baccalaureate
programme.
This
team
will
also
create
a
compliance
with
the
academic
requirements
of
the
Province
of
Nova
Scotia.
These
steps
will
be
carried
out
and
completed
within
the
framework
of
the
ethos
and
brand
of
Gordonstoun
Schools
Limited,
Elgin,
Morayshire,
Scotland.
This
team
will
at
the
same
time
put
in
place
and
complete
accreditation
processes
that
are
necessary
to
achieve
recognition
within
the
top
tier
of
independent
schools.
These
accreditations
bring
assurance
to
parents
and
guardians
that
the
school
uses
best
practices
and
are
important
for
the
recognition
of
the
school
by
international
agencies
and
Canadian
and
international
government
departments.
These
accreditations
are
the
Canadian
Association
of
Independent
Schools
(CAIS)
and
the
American-‐based
National
Association
of
Independent
Schools
(NAIS).
Management
Structure
The
Board
of
Governors
together
with
the
Principal
will
play
an
important
role
in
setting
the
School’s
vision
and
aims,
establishing
and
maintaining
the
School’s
ethos,
setting
the
School’s
plans
and
policies,
evaluating
and
encouraging
School
performance,
and
promoting
self-‐
11
evaluation
in
order
to
sustain
School
vitality
and
improvements
that
are
in
conformity
with
the
goals
and
overall
objectives
of
Gordonstoun
Schools
Limited,
Morayshire,
Scotland.
Members
of
the
Board
of
Governors
will
serve
initially
for
two
terms
of
three
(3)
years
each
with
the
option
for
a
third
three
(3)
year
term.
The
individuals
who
have
agreed
to
serve
comprise
a
strong
Board
of
Governors
with
collective
experience
in
board
governance,
private
schools
operations,
experience
in
secondary
and
post-‐secondary
teaching
and
administration
leadership,
and
are
experienced
in
key
market
areas
which
Gordonstoun
has
assigned
to
Gordonstoun
Nova
Scotia,
and
in
very
significant
and
high
level
financial
and
legal
matters.
Those
who
will
serve
on
the
Gordonstoun
Nova
Scotia
Board
of
Governors
with
others
who
remain
to
be
named
include:
Edward
Farren,
Managing
Director,
E.A.
Farren,
Limited,
Saint
John,
New
Brunswick,
is
Chairman,
Board
of
Governors,
and
Project
Developer,
Gordonstoun
Nova
Scotia,
carried
out
research
in
American
and
British
foreign
and
strategic
policy
in
Washington
and
London,
taught
International
and
Comparative
Management
and
International
and
Comparative
Human
Resource
Management
in
the
Faculty
of
Business,
University
of
New
Brunswick
Saint
John,
coordinated
the
meeting
that
established
the
first
new
major
Canada-‐United
States
border
crossing
in
30
years,
served
on
the
National
Board
of
Directors,
Institute
of
Public
Administration
of
Canada,
and
the
Board
of
Directors,
Saint
John
Port
Authority,
a
key
part
of
Ports
Canada.
Timothy
Habinski
is
Warden
of
the
Municipality
of
the
County
of
Annapolis,
Nova
Scotia,
serves
on
the
National
Board
of
Directors,
Federation
of
Canadian
Municipalities,
and
the
Board
of
Directors,
Union
of
Nova
Scotia
Municipalities,
is
a
Nova
Scotia
craftsman
making
harps
for
professional
musicians
worldwide,
and
taught
English
Literature
at
the
University
of
Western
Ontario,
London,
Ontario.
Margret
Brady
Nankivell
is
a
freelance
writer
and
project
manager,
served
as
Sessional
Instructor,
Carleton
University,
School
of
Journalism
&
Communications,
Ottawa,
Programme
&
Communications
Director,
British
Council
Canada,
producer
of
https://www.britishcouncil.ca/study-‐uk/experince,
Freelance
Science
Writer,
Ottawa
Citizen
and
The
Financial
Post,
Toronto,
Board
Member,
Canadian
Science
Writers
Association,
National
Committee
Member,
Canadian
War
Museum’s
“Pass
the
Torch”
Campaign
raising
$18
million,
Executive
Board
Member,
chair
of
programming,
and
vice-‐chair
of
corporate
sponsorships,
Toronto
Symphony
Orchestra.
Robert
Pfeiffer
is
Managing
Director,
ANP,
Limited,
London,
England,
served
as
Chief
Financial
Officer,
Molotov
TV,
a
seamless,
flexible,
and
universal
TV
service
headquartered
in
Paris,
France,
was
Managing
Director,
Bryan
Garnier
&
Co.,
a
London,
England
based
European
investment
bank
specializing
in
European
growth
companies
on
transactions
valued
at
more
12
than
$15
billion,
and
is
a
member
of
the
Board
of
Trustees,
St.
Martin-‐in-‐the
Fields
Trust,
London,
England.
Peter
Sutherland
began
his
professional
career
serving
in
legal
affairs
with
the
Inter-‐American
Development
Bank,
served
as
Canadian
Ambassador
to
Saudi
Arabia
and
as
Canadian
High
Commissioner
to
India,
and
in
addition
to
his
subsequent
career
with
Aird
&
Berlis,
one
of
Canada’s
leading
law
firms,
served
as
President
of
the
Canada-‐India
Business
Council
and
more
recently
as
President
of
the
Canada-‐Arab
Business
Council.
Susan
Tipper
is
High
School
co-‐ordinator
for
Partners
Assisting
Local
Schools
(P.A.L.S)
Saint
John,
New
Brunswick,
served
as
Superintendent
of
Saint
John
District
Schools,
and
was
first
female
Principal
of
Saint
John
High
School,
founded
in
1805,
an
International
Baccalaureate
School.
David
Wang
manages
the
Sino-‐Canada
High
School
program
in
Suzhou,
China,
is
an
essential
link
in
Nova
Scotia-‐China
relations,
organizes
educational
and
cultural
exchange
programs
through
the
China
Business
Bureau
of
Nova
Scotia
that
has
brought
more
than
4,000
Chinese
students
to
Nova
Scotia
through
the
Nova
Scotia
International
Student
program,
and
has
worked
for
Nortel
in
Ottawa,
Ontario,
Carleton
University,
Ottawa,
and
the
Ottawa-‐Carleton
School
Board.
Timothy
Woodcock
is
a
shareholder
in
the
practice
of
law
with
Eaton
Peabody,
Bangor,
Maine,
and
specializes
in
cross
border
transactions,
economic
development,
environmental
&
land
use,
and
litigation
&
dispute
resolution,
served
as
Mayor
of
the
City
of
Bangor,
Maine
and
as
President
of
the
East-‐West
Highway
Association
linking
the
Central
Canadian
and
Atlantic
Canadian
economies
within
the
international
North
East,
and
on
the
personal
staff
of
United
States
Senator
William
S.
Cohen,
later
United
States
Secretary
of
Defence,
and
on
Senate
sub-‐
committees
including
the
Iran-‐Contra
Affair.
Douglas
Younger
practices
financial
law
with
Aird
&
Berlis,
Toronto,
Ontario,
in
a
legal
practice
representing
some
of
Canada’s
largest
financial
institutions
and
companies
in
banking,
financing,
borrowing,
and
on
insolvency
and
restructuring
transactions
of
all
sizes,
and
was
Vice-‐President
of
and
European
Legal
Counsel
to
an
international
financial
institution,
advising
investment
bankers
on
legal
issues
pertaining
to
PFI
transactions
in
the
United
Kingdom
and
on
structured
and
project
finance
transactions
in
Western
Europe.
The
Principal
of
Gordonstoun
Nova
Scotia
will
serve
as
ex
officio
and
non-‐voting
member
of
the
Board
of
Governors.
The
Vice-‐Principal
Academic
of
Gordonstoun
Nova
Scotia
will
serve
as
ex
officio
and
non-‐voting
member
of
the
Board
of
Governors.
The
Vice
-‐Principal
Financial
of
Gordonstoun
Nova
Scotia
will
serve
as
ex
officio
and
non-‐voting
member
of
the
Board
of
Governors.
13
The
Vice-‐
Principal
Student
Affairs
of
Gordonstoun
Nova
Scotia
will
serve
as
ex
officio
and
non-‐
voting
member
of
the
Board
of
Governors.
The
Private
Secretary
to
the
Principal
will
serve
as
Secretary
to
the
Board
of
Governors.
Market Feasibility
Student
Recruitment
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
has
retained
Gilbert
McGloan
Gillis,
Barristers
and
Solicitors,
in
cooperation
with
the
Faculty
of
Business,
University
of
New
Brunswick
Saint
John,
to
carry
out
an
independent
third
party
review
for
demand
of
placement
for
students
within
the
Canada
–
United
States
market
area
discussed
between
Gordonstoun
and
E.A.
Farren,
Limited.
This
report
states
that
the
“…annual
demand
for
placements
at
boarding
schools
in
Canada
and
the
Eastern
United
States
exceeds
the
available
seats”
…with
acceptance
rates
as
low
as
11%
at
some
schools
due
to
limited
available
seats.
This
report
further
states
that
Canadian
immigration
regulations
are
favourable
for
foreign
students
wishing
to
study
in
Canada.
A
complete
copy
of
this
report
is
contained
in
Appendix
B.
14
Gordonstoun
Nova
Scotia
will
put
in
place
a
highly
motivated
student
recruitment
team
that
will
be
led
by
the
Director
of
Student
Recruitment
and
International
Relations.
This
marketing
team
will
participate
in
recruitment
events
organized
globally
by
the
Canadian
Association
of
Independent
Schools
and
by
Canadian
Foreign
Trade
missions
devoted
to
Canadian
education
recruitment,
and
by
following
through
on
linkages
which
the
Project
Developer
and/or
Gordonstoun
Nova
Scotia
have
put
in
place.
Gordonstoun
Nova
Scotia’s
student
recruitment
efforts
to
attract
a
total
600
student
enrollment
when
in
full
operation
will
be
focused
on
the
market
area
discussed
between
Gordonstoun
and
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
during
earlier
meetings
in
Annapolis
Royal,
Nova
Scotia.
This
market
area
as
defined
by
Gordonstoun
includes
1/3rd
enrollment
from
Canada
and
the
United
States,
1/3rd
Europe,
and
the
remaining
1/3rd
of
student
intake
from
the
rest
of
the
world.
The
student
recruitment
team
will
be
attentive
to
gender
parity
throughout
its
recruitment
initiatives.
Proven
countries
of
origin
for
the
successful
recruitment
of
students
in
order
of
rank
within
present
Canadian
student
recruitment
initiatives
include
China,
India,
France,
South
Korea,
United
States
of
America,
South
Africa,
Nigeria,
Brazil,
Japan,
and
Mexico.
Increasing
wealth
is
now
providing
additional
opportunities
for
Canadian
student
recruitment
in
Africa
including
Ethiopia,
and
Rwanda.
In
addition,
Canada
continues
to
improve
linkages
within
South
America
and
in
South
East
Asia
that
will
also
prove
beneficial
for
Gordonstoun
Nova
Scotia
student
recruitment.
Combined
with
these
opportunities
for
student
recruitment
is
Canada’s
increasing
reputation
in
the
global
community
as
a
clean,
safe,
and
healthy
environment
in
which
students
are
welcomed
and
thrive.
The
student
fees
proposed
by
The
School
are
competitive
within
the
North
American
Market
and
reflect
the
high
quality
of
education
the
students
will
receive
at
Gordonstoun
Nova
Scotia.
The
North
American
average
fee
is
around
$75,000
CAD.
Appendix
B
provides
additional
details
researched
by
an
independent
third
party
which
authenticate
these
findings.
Location
Annapolis
County,
Nova
Scotia
in
which
Gordonstoun
Nova
Scotia
will
be
located
is
within
the
historic
and
richly
beautiful
Annapolis
Valley
region
of
Nova
Scotia
that
offers
land
and
water
settings
as
a
great
location
for
learning.
It
also
provides
a
range
of
outdoors
sports
and
recreation
activities,
and
interaction
within
local
communities
in
a
clean,
healthy,
safe,
and
delightful
environment
and
for
a
variety
of
activities
and
sports
contained
in
the
Gordonstoun
Nova
Scotia
broad
curriculum.
15
The
Municipality
of
the
County
of
Annapolis
is
presently
installing
high
speed
internet
fibre
optic
cable
throughout
the
entire
county
that
will
link
households,
institutions
of
learning,
and
businesses
with
the
global
community
and
will
enrich
the
learning
experience
at
Gordonstoun
Nova
Scotia.
Nearby
facilities
include
universities
and
medical
facilities.
Outdoor
facilities
that
complement
Gordonstoun
Nova
Scotia’s
broad
curriculum
include
outdoor
areas
such
as
the
Bay
of
Fundy,
Cornwallis
Basin,
Kejimkujik
National
Park,
Blomidon
Provincial
Park,
the
Grand
Pre
National
Historic
Site,
Fort
Anne
National
Historic
Site
in
Annapolis
Royal,
and
both
Martock
and
Wentworth
Valley
for
winter
skiing.
Annapolis
County
is
at
the
same
time
a
part
of
Nova
Scotia
that
is
easily
accessed
from
other
parts
of
Canada
and
major
international
centres
through
the
international
airport
in
Halifax,
the
Province
of
Nova
Scotia’s
capital,
and
by
road
and
sea
linkages
with
the
New
England
States
between
Yarmouth,
Nova
Scotia
and
Portland,
Maine,
with
New
Brunswick
between
Saint
John,
New
Brunswick,
and
Digby,
Nova
Scotia,
and
between
Prince
Edward
Island
and
Nova
Scotia.
The
Port
of
Halifax,
located
in
the
Province’s
capital,
is
a
key
part
of
Canada’s
road
and
rail
Atlantic
Gateway
providing
a
marine
gateway
to
global
markets
with
connections
to
over
315
ports
around
the
world
including
close
Canadian
access
to
the
very
lucrative
Atlantic
Coast
United
States
and
world
markets.
The
Annapolis
Valley
provides
a
range
of
cultural
activities,
and
is
the
home
of
a
vibrant
diploma
and
degree
granting
education
industry
that
also
thrives
in
other
parts
of
the
Province
of
Nova
Scotia
and
its
capital
city
and
serves
Canadian
and
international
students
engaged
in
a
variety
of
highly
regarded
teaching
disciplines
including
medicine.
The
Annapolis
Valley
also
retains
strong
evidence
of
its
rich
Canadian
history
that
began
with
its
roots
in
early
French
and
British
colonial
history
and
of
the
collision
of
empires
most
notably
during
the
Seven
Years
War
between
Britain
and
France.
These
regional
qualities
will
provide
additional
opportunities
and
benefits
for
students
participating
in
the
broad
curriculum
and
life
at
Gordonstoun
Nova
Scotia.
In
addition,
Dr.
Peter
Ricketts,
President,
Acadia
University,
Wolfville,
Nova
Scotia,
itself
a
highly
recognized
Canadian
University,
has
stated
that
he
sees
opportunities
for
collaboration
were
an
international
school
based
on
the
Gordonstoun
model
established
in
the
Annapolis
Valley.
Political
Support
Gordonstoun
Nova
Scotia
has
the
full
political
support
of
the
County
Council
of
the
Municipality
of
the
County
of
Annapolis,
Nova
Scotia,
and
of
the
Province
of
Nova
Scotia.
16
Timothy
Habinski,
Warden
of
the
Municipality
of
the
County
of
Annapolis,
met
with
the
Principal
of
Gordonstoun
on
two
separate
visits
arranged
by
E.A.
Farren,
Project
Developer
of
the
College,
in
support
of
the
School
and
has
toured
the
Gordonstoun
facilities
in
order
to
familiarise
himself
with
the
school
operations
and
how
Gordonstoun
Nova
Scotia
can
be
welcomed
as
a
part
of
the
larger
Annapolis
County
community.
He
was
accompanied
during
this
first
visit
by
John
Ferguson,
Chief
Administrative
Officer
of
the
Municipality
who
additionally
authenticated
Annapolis
County
as
a
host
community.
Warden
Habinski
was
accompanied
by
Councillor
Alex
Morrison
during
the
second
visit
to
Gordonstoun
arranged
by
E.A.
Farren,
Limited,
Project
Developer,
and
participated
in
the
discussions
on
Gordonstoun
Nova
Scotia
with
the
Business
Manager
of
Gordonstoun
while
Councillor
Morrison
toured
the
school
facilities
in
order
to
familiarize
himself
with
the
school
operations
on
behalf
of
the
host
community.
Premier
Stephen
McNeil
met
with
the
Principal
and
the
Business
Manager
of
Gordonstoun
during
the
second
visit
to
Gordonstoun
arranged
by
E.A.
Farren,
Project
Developer,
and
was
accompanied
by
members
of
his
staff.
Premier
McNeil
discussed
school
operations
with
the
Gordonstoun
administration
and
toured
the
facilities
in
order
to
familiarize
himself
with
school
operations
and
was
accompanied
on
this
tour
by
some
of
the
provincial
government
staff.
Premier
McNeil
asked
of
E.A.
Farren
that
his
Chief
of
Staff,
Ryan
Grant,
participate
in
the
discussions
leading
to
a
franchise
agreement
held
between
the
Business
Manager
of
Gordonstoun,
E.A.
Farren,
Limited,
Project
Developer,
and
Warden
Habinski
who
expressed
his
interest
in
the
relationship
with
Gordonstoun
on
behalf
of
the
host
community.
Premier
McNeil
also
asked
of
E.A.
Farren
that
his
Chief
of
Staff,
Ryan
Grant,
be
kept
informed
on
future
progress
in
respect
to
the
development
of
Gordonstoun
Nova
Scotia.
Warden
Habinski
and
Councillor
Morrison
reiterated
their
support
on
behalf
of
the
host
community
during
a
dinner
a
month
later
in
Halifax
hosted
by
E.A.
Farren
for
the
Principal
of
Gordonstoun,
the
Business
Manager
of
Gordonstoun,
and
members
of
the
Gordonstoun
alumni
resident
in
Nova
Scotia.
Gordonstoun
Nova
Scotia
has
requested
a
financial
guarantee
of
$7.2
million
from
the
Province
of
Nova
Scotia
to
assist
with
the
project
and
to
which
the
Premier
of
Nova
Scotia
is
receptive.
Construction
Summary
The
optimum
student
enrollment
for
Gordonstoun
Nova
Scotia
is
600
students
relative
to
construction
and
operational
budgetary
expenditures
and
the
breakeven
point
to
yield
a
profit.
The
expenditures
on
land
acquisition
and
on
classroom
and
student
residences
will
be
carried
out
in
3
phases
over
a
3-‐year
time
period.
The
first
phase
will
be
to
ready
the
facilities
to
successfully
accommodate
and
teach
students
in
Grades
9
and
10
foundation
years
of
the
International
Baccalaureate
program
and
to
provide
cultural
and
recreational
outlets.
17
The
food
services
systems
that
will
be
completed
at
Gordonstoun
Nova
Scotia
within
the
first
phase
of
construction
are
being
developed
by
a
nationally
recognized
Canadian
food
services
team
and
will
meet
multicultural
requirements
given
the
diversity
of
the
student
body,
incorporate
full
in-‐house
meal
production
facilities
with
multi-‐functional
and
format
meal
facilities,
and
provide
an
integrated
meal
and
nutrition
system
employing
advanced
cooking
techniques
for
health,
minimum
food
waste
production,
energy
efficiency,
minimized
transportation
requirements
and
reduced
carbon
footprint.
The
goal
of
this
integrated
meal
and
nutrition
system
is
to
enrich
the
entire
school
population
with
a
sense
of
being
in
the
agriculturally
rich
heritage
of
the
Annapolis
Valley
and
in
the
world
beyond.
The
meal
delivery
system
will
support
a
holistic
and
healthy
lifestyle
and
differentiate
Gordonstoun
Nova
Scotia
as
a
place
of
learning
which
is
committed
to
experiential
and
aspirational
learning.
The
second
phase
of
construction
will
be
then
to
commence
construction
and
have
all
facilities
in
readiness
in
time
to
accommodate
those
students
transitioning
from
Grade
10
into
Grade
11
and
for
those
who
might
wish
to
enter
the
school
at
that
time
for
completion
of
Grade
12
and
to
expand
upon
cultural
and
recreational
outlets
for
students.
E.A.
Farren,
Limited
believes
the
space
requirements
that
will
be
required
to
meet
the
needs
of
Gordonstoun
Nova
Scotia
at
full
enrollment
of
600
students
by
completion
of
3rd
phase
construction
include:
1. Administration
Building
@21,810
sq.ft.
2. Library
@
2000
sq.
ft.
3. Learning
Centre
@1,800
sq.ft.
4. Computing
Centre
including
coding
@
2,000
sq.ft.
5. Sports
Centre
@
30,000sq.ft.
6. Refectory
(Dining
Hall)
@
16,000sq.ft.
7. Chapel/Auditorium
@
12,000sq.ft.
8. Art,
Music,
Pipe
Band,
Drama,
and
Dance
@
14,000sq.ft.
9. Sciences-‐
Biology,
Physics,
Chemistry,
and
STEAM
(Sciences,
Technology,
Engineering,
Arts,
Math)
and
FLL
Robotics
@
13,500sq.ft.
10. Languages
@
1,800sq.ft.
11. English,
Maths,
History,
Geography,
Business
@
11,010sq.ft.
12. Outdoor
Specialist
@
3,000sq.ft.
13. Boarding
Accommodations
@
112,200
sq.
feet
for
600
pupils
(90
sq
feet
per
private
room
and
230
sq.ft.
per
3
person
room)
+
interspersed
trunk
storage
rooms
and
infirmary
facilities.
14. Boarding
showers
@
2
showers
for
every
10
pupils.
15. Boarding
lavatories
@
2
for
every
10
pupils.
16. Wash/hand
basins
@
4
for
every
10
pupils.
17. Classroom
&
public
spaces
lavatories
@
2
for
every
15
pupils
up
to
60.
Then,
2
for
every
30
up
to
300.
Then,
2
for
every
60
beyond
300.
18. Similarly,
for
hand
basins
in
classroom
and
public
spaces
as
in
Item
16,
above.
18
19. Accommodations
for
the
Head
of
School
(four
bedroom),
the
Vice
–
Principal
Academic
(three
bedroom),
Vice
-‐Principal
Student
Affairs
(three
bedroom)
and
the
Head
of
Property
and
Facilities
Maintenance
(three
bedroom)
@
13,500
sq.ft.
20. Accommodations
for
the
House
Master
and
Assistant
House
Master
in
each
of
the
student
halls
of
residence
and
included
in
House
drawings.
21. Land
acquisition,
soil
engineering
for
entrance
roadway
into
and
through
the
campus,
construction
and
paving
of
same,
and
initial
landscaping.
22. Greenhouse
and
greenhouse
support
space
to
accommodate
multicultural
food
production
requirements
including
energy
efficient
heating
systems
@7,500
sq.ft.
The
cost
for
completion
of
the
campus,
everything
in,
including
contingencies,
is
$62.16
million.
This
expenditure
has
been
incorporated
into
the
financing
plan
over
the
three-‐year
development
schedule.
The
School
budget
will
also
accommodate
interest
costs
in
the
first
two
years
and
the
paying
down
of
both
capital
and
operational
costs
during
the
third
year
of
operations.
7. Immersing
students
in
a
campus
environment
that
demonstrates
sustainable
building
examples
and
energy
efficient
greenhouse
organic
food
production.
8. Very
process
driven
construction
practices
which
result
in
more
efficient
and
precision
construction
from
start
to
finish
and
with
deadlines
being
met.
9. Efficiencies
in
the
precision
construction
method
that
will
extend
to
all
sub-‐contracting
trades
including
carpentry,
electrical
and
plumbing
resulting
in
less
finishing
material
waste
and
installation
time.
10. Greenhouse
organic
food
production
in
a
low
energy
environment
that
provides
healthy
foods
and
healthy
living
for
students
in
a
multicultural
environment
through
all
related
food
preparation
facilities,
delivery
systems,
and
inventory
and
quality
control
systems.
11. An
overall
contribution
to
the
environment
that
will
provide
global
public
relations
exposure
for
Gordonstoun
Nova
Scotia
and
will
improve
registration
numbers
from
people
and
families
who
value
contributions
to
the
environment
and
who
wish
to
have
their
children
educated
in
healthy,
safe
classroom
and
living
conditions.
The
construction
of
each
building
will
coincide
with
student
recruitment
and
enrollment
and
within
financial
metrics
to
ensure
that
completed
buildings
are
occupied
quickly
to
bring
about
the
financial
success
of
Gordonstoun
Nova
Scotia.
This
approach
to
construction
will
ensure
that
Gordonstoun
Nova
Scotia
is
completed
on
time
and
on
budget
and
top
of
mind
to
families
internationally
throughout
each
phase
of
construction.
The
Net
Zero
energy
efficiency
approach
to
construction,
while
taking
steps
toward
Canada’s
Green
House
Gas
target,
will
set
high
environmental
and
energy
efficiency
standards
that
will
ensure
Gordonstoun
Nova
Scotia
is
cost
effective
in
its
daily
operations,
energy
consumption,
and
annual
maintenance
costs.
These
features
and
the
environmental
compatibility
of
Gordonstoun
Nova
Scotia
within
the
Annapolis
Valley
will
ensure
longevity
of
the
school
fabric
and
facilities
while
at
the
same
time
providing
a
safe
and
healthy
environment
in
which
students
live
and
learn.
5. Commence
geotechnical
remediation
of
site
and
construction
of
campus
infrastructure.
6. Commence
Net
Zero
energy
efficiency
design
for
student
and
senior
staff
accommodations,
classroom
buildings,
chapel,
auditorium,
dining
hall,
and
greenhouse
facilities.
7.
September
2018
with
April
2019
completion.
Merge
the
philosophical
backgrounds
of
both
the
International
Baccalaureate
Program
and
the
ethos
and
brand
of
Gordonstoun
while
preserving
the
Gordonstoun
ethos
and
brand
intact.
8. September
2018
with
April
2019
completion.
Begin
the
process
of
application
with
the
International
Baccalaureate
Offices
in
Cardiff,
Wales,
given
its
proximity
to
Gordonstoun,
rather
than
the
North
American
offices
in
Bethesda,
Maryland.
Year
2
Actions
2019:
1. January
2019.
Advertise
nationally
and
internationally
for
the
recruitment
of
Principal,
Vice
Principal
Student
Affairs,
Vice
Principal
Academic,
Director
of
Finance,
and
Director
of
Student
Recruitment
and
selection
of
same.
2. January
2019.
Open
the
process
of
applying
to
the
Round
Square
movement.
3. January
2019.
Selection
of
the
building
construction
team.
4. February
2019.
Lay
out
the
construction
schedule
for
student
accommodations,
classroom
buildings,
chapel,
auditorium,
dining
hall,
and
greenhouse
facilities.
5.
April
2019.
Complete
the
Round
Square
application
process.
6. April
2019.
Commence
the
selection
process
for
the
appointment
of
the
Principal,
Vice
Principal
Student
Affairs,
Vice
Principal
Academic,
Director
of
Finance,
and
Director
of
Student
Recruitment.
to
allow
appointees
one
full
year
to
undertake
their
tasks.
7. May
2019.
Recruitment
commences
for
Grades
9
and
10
student
enrollment
in
September
2020.
8. May
2019.
Advertise
nationally
and
internationally
for
the
recruitment
of
classroom
teaching
and
broad
curriculum
staff
for
students
entering
Grades
9
and
10
and
selection
of
same.
9. June
2019.
Completion
of
the
selection
process
for
the
appointment
of
the
Principal
and
senior
administrative
staff
to
allow
appointees
one
full
year
to
undertake
their
tasks.
10. June
2019.
Commence
the
selection
of
teaching
and
broad
curriculum
staff
for
the
arrival
of
Grade
9
and
10
students
in
September
2020.
11. June
2019.
Commence
the
accreditation
processes
for
both
the
Canadian
Association
of
Independent
Schools
(CAIS)
and
the
American
based
National
Association
of
Independent
Schools
(NAIS)
whose
accreditations
are
necessary
to
achieve
the
top
tier
of
independent
schools
and
to
bring
assurances
that
the
school
uses
best
practices
and
which
are
important
to
international
organizations
and
government
departments.
Year
3
Actions
2020:
1. May
2020.
Complete
the
construction
of
campus
infrastructure
and
the
buildings
required
for
receiving
students
in
Grades
Nine
and
Ten.
2. May
2020.
Recruitment
commences
for
Grade
9
(may
possibly
include
some
Grade
10
&
11)
student
enrollment
in
September
2021.
3. May
2020.
Advertise
nationally
and
internationally
to
recruit
classroom
teaching
staff
and
selection
of
same
for
students
entering
Grades
11
and
12
in
September
2021.
21
4. May
2020.
Advertise
nationally
to
recruit
school
operations
staff
and
selection
of
same
for
students
entering
Grades
11
and
12
in
September
2021.
5. May
2020.
Complete
the
verification
process
and
verification
visit
for
acceptance
as
an
International
Baccalaureate
school
and
approval
for
first
authorized
teaching.
September
2020.
6. September
2020.
Accept
first
students
in
Grades
Nine
and
Ten
in
pre-‐International
Baccalaureate
targeted
curricula.
7. September
2020.
Commence
advertising
internationally
and
through
international
marketing
events
to
recruit
students
entering
Grade
11
and
12
in
September
2021.
8. September
2020.
Commence
construction
of
buildings
required
for
acceptance
of
students
entering
Grades
Eleven
and
Twelve
in
September
2021.
9. November
2020:
Complete
the
construction
of
the
Administration
Building.
The
school
administration
will
have
used
other
buildings
completed
on
campus
before
finally
entering
the
dedicated
administration
building.
1. May
2021.
Complete
construction
of
buildings
required
for
accepting
students
entering
Grades
Eleven
and
Twelve.
2. May
2
–
May
24
2021:
Write
the
first
exams
for
students
who
entered
into
Grade
10
in
Year
Two
Actions
as
detailed
above.
3. June
2021.
Enter
into
the
first
year
as
a
fee
paying
school
with
the
International
Baccalaureate
organization
with
various
points
of
payment
through
to
June
2022.
1. May
2
–
May
24,
2023.
Grade
11
students
write
Standard
Level
(SL)
International
Baccalaureate
(IB)
exams.
2. May
2
–
May
24,
2023.
Grade
12
students
complete
their
IB
exams
by
writing
their
Higher
Level
(HL)
course
examinations
for
their
International
Baccalaureate
diploma.
3. June
2023.
First
graduation
exercise
for
Gordonstoun
Nova
Scotia
students.
4. July
2023.
International
Baccalaureate
(IB)
examination
results
released.
22
Student
Recruitment
and
Educational
Timelines
The
information
contained
in
the
following
chart
encapsulates
the
information
on
student
recruitment,
International
Baccalaureate
(IB)
examination,
and
first
graduation
timelines
contained
within
the
preceding
information
on
Gordonstoun
Nova
Scotia
Timelines;
namely:
Year
Action
Date
Actions
• Complete
actions
for
Sept
2018
–
August
Year
1
2019
Sept
2019
2020
including
student
recruitment
for
2020
start
Year
2
2020
-‐
2021
Sept
2020
• Grade
9
&
10
students
begin
classes
May
2020 • Student
recruitment
begins
for
September2021
student
intake
(may
include
additional
Grade
10
and
11
students)
Year
3
2021
-‐
2022
Sept
2021
• New
student
enrollment
begins
Grade
9,
10
&
11
Sept
2021
• Grade
9
students
2020-‐21
to
Grade
10
Sept
2021
May
2
–
24TH
• Grade
10
students
to
Grade
11
2022
• Standard
Level
(SL)
International
Baccalaureate
(IB)
exams
written
for
Grade
11
students
Year
4
2022
-‐
2023
Sept
2022
• New
recruits
begin
grade
9
Sept
2022
• Grade
9
students
2020-‐21
to
grade
10
Sept
2022
• Grade
10
students
to
grade
11
• SL
(IB)
exams
written
for
grade
11
May
2
–
24
2023
students;
Grade
12’s
write
Higher
Level
(HL)
IB
exams
• First
graduation
class
from
Gordonstoun
June
2023 Nova
Scotia
23
Tuition
and
Fees
Policy
School
fees
for
each
academic
year
are
set
in
January
each
year
by
the
Board
of
Governors.
The
fees
for
the
2019
-‐
2020
academic
year
are
as
follows:
Boarding
Fees:
$67,800.00
Boarding
fees
include
the
academic
programme,
supervised
accommodations,
laundry
facilities,
text
books,
yearbook,
use
of
recreational
facilities,
all
meals,
day-‐to-‐day
healthcare
needs,
and
regular
travel
for
athletic
and
academic
school
trips.
Extra
fees
include
novels
and
workbooks
that
students
retain,
optional
trips,
athletic
tournaments,
uniforms,
and
an
optional
student
life
fee.
Fee
Payment
2019-‐2020:
Tuition
and
fees
may
be
paid
by
cash,
debit,
cheque,
transfer
or
credit
card.
Credit
card
payments
are
processed
through
a
secure,
third
party
company.
Deposits
for
new
students
are
due
upon
acceptance
to
the
school.
Deposits
for
returning
students
are
due
by
March
31st
of
each
year.
Tuition
must
be
paid
in
full
by
Opening
Day
in
September
unless
paid
under
the
monthly
or
installment
payment
plan
detailed
under
the
Tuition
Refund
Insurance
Plan.
Tuition
Refund
Insurance
Plan:
The
Tuition
Refund
Insurance
Plan
is
required
for
all
students
who
choose
a
monthly
or
installment
payment
plan.
Pre-‐authorized
payments
are
required
for
the
monthly
plan.
Tuition
must
be
paid
in
full
by
Opening
Day
in
September
and
a
waiver
must
be
signed
if
the
student
chooses
to
opt
out
of
the
Tuition
Refund
Plan.
Other
fees:
Tuition
Refund
Insurance
-‐
$750.00
Soccer,
Volleyball
and
Basketball
–
Varsity
Boys
and
Girls
teams
-‐
$2,750.00.
Students
electing
to
participate
in
Varsity
sports
receive
advanced
training
in
their
chosen
sport
activity
and
participate
in
regional
and
national
tournaments.
Health
Insurance
–compulsory
for
International
boarding
students
-‐
$1,000.00.
Personal
Laptop
and
Computer
Services
-‐
Students
are
provided
a
specific
Dell
computer
that
includes
a
comprehensive
three-‐year
warranty
and
are
provided
a
range
of
computer
services
and
expertise
including
coding
-‐
$2,500.00.
Deposits:
The
following
deposits
are
non-‐refundable
and
will
be
applied
against
school
fees:
New
International
students
are
required
to
pay
20%
of
fees
upon
acceptance.
New
Canadian
students
are
required
to
pay
10%
of
fees
upon
acceptance.
Returning
International
students
are
required
to
pay
20%
of
fees
by
March
31st.
Returning
Canadian
students
are
required
to
pay
10%
of
fees
by
March
31st.
24
Refund
Policy:
After
July
1st
of
each
academic
year,
the
obligation
to
pay
the
specified
annual
tuition
fees
is
unconditional.
No
portion
of
the
fees
paid
or
outstanding
will
be
refunded
or
cancelled
due
to
the
absence,
withdrawal,
or
dismissal
of
the
student
from
the
school.
The
only
exception
is
under
the
terms
of
the
Tuition
Refund
Plan.
Scholarships
are
awarded
on
the
basis
of
academic
merit
and
demonstrated
financial
need
upon
recommendation
of
the
Principal
and
confirmation
of
the
Board
of
Governors.
The
Board
of
Governors
will
also
determine
a
limited
number
of
scholarships
to
be
given
in
the
interest
of
good
corporate
citizenship
in
any
given
academic
year.
Two
scholarships
will
be
awarded
initially
in
Atlantic
Canada
through
public
advertisement.
Estimated
Cost
The
project
development
team,
in
consultation
with
an
internationally
recognized
Canadian-‐
based
construction
team
highly
experienced
in
Net
Zero
energy
efficiency
construction
in
Canada
and
the
United
States,
have
examined
the
preliminary
building
requirements
to
arrive
at
the
following
estimates.
Year
1
Year
2
Year
3
Year
4
Administration
Building
-‐
-‐
6,453,000
6,453,000
Library
-‐
600,00
-‐
600,00
Learning
Centre
540,00
-‐
-‐
540,000
Sports
Centre
-‐
-‐
10,000,000
10,000,000
Refectory
4,800,000
-‐
-‐
4,800,000
Chapel/Auditorium
-‐
-‐
3,516,000
3,516,000
Art/Music/Drama
4,218,000
-‐
-‐
4,218,000
Sciences
4,050,000
-‐
-‐
4,050,000
Languages
450,000
-‐
-‐
450,000
English/Math
3,303,00
3,303,000
Outdoor
Specialists
-‐
900,000
-‐
900,000
English/Infrastructure
1,902,00
-‐
-‐
1,902,000
Residences
4,440,000
4,440,000
4,440,000
13,320,000
23,703,000
5,940,000
24,409,000
54,052,000
Contingency
15%
3,555,450
891,000
3,661,350
8,107,800
Total
Capital
27,258,450
6,831,000
28,070,350
62,159,800
25
Financial
Summary
E.A.
Farren,
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
has
engaged
Matthew
McKenna
CPA,
CA,
a
corporate
finance
expert
with
over
20
years
of
experience.
Through
his
services,
a
detailed
financial
projection
has
been
prepared
based
on
a
number
of
key
assumptions
which
are
outlined
in
the
Financing
Strategy,
page
26.
These
assumptions
are
critical
to
the
successful
financial
operations
of
the
school
and
users
are
cautioned
that
if
wrong
could
lead
to
a
materially
different
outcome.
The
key
operational
expenses
have
been
compared
when
fully
operational
with
the
operations
expenses
of
Gordonstoun
Schools
Limited
and
the
operations
of
other
private
schools
in
Canada.
Through
the
access
of
publicly
available
data
it
was
determined
that
the
operating
ratios
and
expenses
appear
reasonable
based
on
the
assumptions
outlined
throughout
this
business
case.
A
number
of
adjustments
have
been
made
to
account
for
the
efficiency
of
the
construction
methodology,
LEED
Gold
Standard
energy
efficiency,
and
the
general
economic
conditions
in
Bridgetown,
Nova
Scotia.
26
Key
Financial
Assumptions
The
following
assumptions
are
critical
to
the
financial
projection:
• Gordonstoun
Nova
Scotia
will
operate
as
a
Not-‐for-‐profit
school
as
established
under
the
Canadian
Income
Tax
Act
and,
therefore,
will
not
pay
corporate
income
tax.
• Key
financial
assumptions
include:
Inflation
rate
2%
Normal
enrolment
600
Summer
enrolment
200
Normal
enrolment
fees
$
67,800
Summer
enrolment
fees
$
6,780
Student
fees,
extracurricular,
sport
fees
$
1,388
Expenses
as
a
percentage
of
revenues
Gordonstoun
economic
return
3.45%
Salaries
Teaching
24.0%
Other
15.5%
Pensions
0.4%
Teaching
cost
5.3%
Maintenance
4.8%
Marketing,
administration,
alumni
3.4%
Refectory,
foods
&
non-‐foods
14.0%
Utilities
3.5%
Insurance
1.6%
Domestic
&
welfare
0.4%
Administration
costs
1.4%
Other
costs
1.7%
The
other
key
financing
assumptions
include:
Senior
debt
interest
rate 4%
Senior
debt
amortization
20
years
27
The
following
key
financial
ratios
are
materialized
on
full
enrolment
commencing
in
the
fourth
year
of
operations
based
on
the
financial
projections
and
the
financing
assumptions
outlined.
Year
1
Year
2
Year
3
Debt
Service
Coverage
Ratio
Net
operating
income
11,836,347
11,168,639
8,527,319
Debt
servicing
1,785,589
3,201,307
3,201,307
Debt
Service
Coverage
6.63
3.49
2.66
Funded
Debt
to
EBITDA
Funded
Debt
21,151,321
37,162,455
34,771,018
EBITDA
12,322,579
12,512,031
10,155,272
Funded
Debt
to
EBITDA
1.72
2.97
3.42
Financing
Strategy
E.A.
Farren
Limited,
Project
Developer
for
Gordonstoun
Nova
Scotia,
in
conjunction
with
the
other
project
team
members
has
begun
to
identify
other
sources
of
potential
financing/financial
support
for
this
project.
Although
in
the
early
stages,
several
pools
of
funds
have
been
identified
as
potential
for
this
project.
Given
the
early
stage
we
have
not
included
any
of
these
pools
within
the
financial
framework.
The
project
team
also
intends
to
engage
the
franchisor
to
leverage
their
knowledge
and
relationships
within
the
European
financial
market.
Detailed
financial
projections
have
been
prepared
and
are
presented
in
Appendix
C
–
Income
Statement,
Appendix
D
–
Balance
Sheet
and
Appendix
E.
The
School
has
developed
a
five-‐pronged
financing
strategy
which
includes:
• Senior
debt
placed
with
European
-‐
based
international
Bank,
Non-‐Bank,
and
Wealth
Management
lenders,
and
knowledgeable
in
Not-‐for-‐profit
institutions.
• Subscription
sales
in
the
amount
of
$6
million
in
the
Chinese
student
placement
market
where
there
is
very
high
and
competitive
placement
demand
for
a
Canadian
and
English
language
based
education
that
will
be
carried
out
in
conformity
with
School
admission
standards
and
practices,
• Subordinated
Debt
in
the
amount
of
$1
million
through
subscription
by
Friends
of
the
School
to
be
known
as
Incorporators
of
the
School,
• Cash
flows
through
student
and
Summer
School
student
fees,
and
• A
Financial
Guarantee
from
the
Province
of
Nova
Scotia
in
the
amount
of
$7.2
million.
28
Working
within
the
construction
budget
it
is
anticipated
that
75%
of
the
construction
cost
will
be
financed
with
25%
coming
from
operations.
The
School,
as
stated,
within
the
five-‐pronged
financing
strategy
detailed
on
page
27,
will
sell
student
placement
seat
subscriptions
that
are
common
in
the
Chinese
market
where
there
is
very
high
and
competitive
placement
demand
for
prestigious
overseas
education.
A
total
of
120
subscriptions
will
be
sold
in
strict
conformity
with
the
School’s
admission
standards
at
a
price
of
$50,000
Canadian
per
subscription.
In
addition,
the
School
will
secure
a
subordinated
debt
like
facility
since
it
is
unable
to
sell
common
equity
due
to
it’s
not
for
profit
status.
This
subordinated
debt
will
be
sold
by
subscription
to
supporters
of
the
School’s
educational
philosophy
and
internationally
recognized
environmental
standards.
There
is
a
strong
local,
regional
and
international
expression
of
interest
to
support
the
School
in
this
manner.
Subordinated
debt
subscribers
will
be
recognized
as
Incorporators
of
the
School
and
will
be
listed
as
such
on
the
School’s
web
site
and
in
the
School’s
annual
magazine
printed
for
the
parents
of
students,
alumni,
and
friends
of
the
School.
Incorporators
will
also
be
invited
to
significant
student
performed
cultural
and
competitive
sports
events
during
the
academic
year
and
to
exclusive
lunches.
The
financial
guarantee
requested
of
the
Province
of
Nova
Scotia
will
be
provided
for
the
benefit
of
the
senior
lender
along
with
a
mortgage
over
the
facility
and
a
general
security
agreement.
A
$1.0
million-‐dollar
cash
sweep
has
been
built
into
the
financial
projections
beginning
in
Year
Three
to
further
improve
the
profile
for
the
senior
lender.
29
P
&
L
Statements:
The
First
Three
Years
The
Gordonstoun
Nova
Scotia
team
have
assembled
P
&
L
projections
for
the
first
three
years
of
Gordonstoun
Nova
Scotia
operations
that
are
projected
on
conservatively
based
enrollment
figures
in
order
to
provide
an
acid
test
of
Gordonstoun
Nova
Scotia’s
financial
viability
on
a
go
forward
basis
in
each
of
its
three
formative
years.
1. 100
students
in
the
first
year
of
operations
enrolled
from
Gordonstoun
Nova
Scotia’s
student
catchment
area
of
1/3rd
Canada
and
the
United
States,
1/3rd
from
Europe,
and
1/3rd
from
the
rest
of
the
world.
It
is
also
forecast
that
these
students
will
be
predominantly
Grade
9
entrants
in
the
first
year
of
operations
with
some
Grade
10
students
who
can
be
readily
accommodated
within
teaching
staff
recruitment
arrangements.
2.
200
students
in
the
second
year
of
operations
inclusive
of
new
Grade
9
students,
previously
recruited
Grade
9
students
now
moving
into
Grade
10,
some
new
Grade
10
students
recruited
in
the
second
year
of
student
recruitment,
and
Grade
10
students
recruited
in
the
first
year
of
operation
now
moving
into
Grade
11.
3. 375
students
in
the
third
year
of
operations
inclusive
of
newly
recruited
Grade
9
students
and
the
rollover
of
students
already
in
place
in
the
second
year
of
School
operations
into
their
next
Grade
level
inclusive
of
previously
enrolled
Grade
11
students
now
moving
into
Grade
12.
It must be asked how realistic are these conservatively estimated student enrollment figures?
They
are
very
realistic
in
the
instance
of
the
Year
1
recruitment
program
that
is
based
on
a
very
dynamic
and
high
quality
educational
experience
in
the
developmental
and
foundation
year
of
the
International
Baccalaureate
(IB)
program
for
each
individual
enrolled
in
the
Grade
9
year
of
a
four
year
High
School
program.
Those
who
enroll
in
Grade
10
in
the
first
year
of
student
recruitment
will
benefit
similarly
in
their
foundation
preparation
year
for
Grade
11
which
is
the
first
full
year
of
the
International
Baccalaureate
(IB)
program.
It is within this context that student recruitment will be based on:
1. The
huge
reputation
of
the
Gordonstoun
broad
curriculum
program
that
is
based
on
Dr.
Kurt
Hahn’s
educational
philosophy
and
the
high
quality
educational
experience
that
is
provided
within
this
framework.
2. The
sense
of
adventure
that
is
provided
to
students
within
the
broad
curriculum
program.
30
3. The
quality
of
education
that
is
provided
through
a
teaching
staff
that
is
recruited
and
selected
nationally
and
internationally
based
on
their
high
level
of
training
and
education
in
their
chosen
subject
teaching
area
and
their
leadership
and
motivational
skills.
4. The
very
tight
organizational
structure
of
the
School
from
the
parental
perspective
and
its
strong
plan
going
forward.
The
P
&
L
statements
based
on
each
of
these
three
projected
academic
years
of
recruitment
and
operation,
followed
by
the
P&L
statements
with
full
enrolment
of
600
students,
are
as
follows:
31
P
&
L
Statement
-‐
Year
2
200
Students
@
$67,800
Revenue
Tuition
fees
13,560,000
Summer
school
fees
678,000
Student
fees,
extracurricular
275,000
Total
Revenue
14,513,000
Expenses
Gordonstoun
economic
return
507,955
Salaries
Teaching
3,483,120
Other
2,249,515
Pensions
58,052
Teaching
cost
796,189
Maintenance
696,624
Marketing,
administration,
alumni
493,442
Refectory,
foods
and
non-‐foods
2,031,820
Utilities
507,995
Insurance
232,208
Domestic
and
welfare
58,052
Administration
costs
203,182
Other
costs
246,721
Total
Expenses
12,000,225
Profit/Loss
2,948,165
32
P
&
L
Statement
-‐
Year
3
375
Students
@
$67,800
Revenue
Tuition
fees
25,425,000
Summer
school
fees
1,356,000
Student
fees,
extracurricular
412,500
Total
Revenue
27,193,500
Expenses
Gordonstoun
economic
return
951,773
Salaries
Teaching
6,526,440
Other
4,214,993
Pensions
108,774
Teaching
cost
1,441,256
Maintenance
1,305,288
Marketing,
administration,
alumni
924,579
Refectory,
foods
and
non-‐foods
3,807,090
Utilities
951,773
Insurance
453,096
Domestic
and
welfare
108,774
Administration
costs
380,709
Other
costs
462,290
Total
Expenses
22,452,639
Profit/Loss
6,100,536
33
P
&
L
Statement
-‐
Full
Enrollment
600
Students
@
$67,800
Revenue
Tuition
fees
40,680,000
Summer
school
fees
1,356,000
Student
fees,
extracurricular
416,600
Total
Revenue
42,452,600
Expenses
Gordonstoun
economic
return
2,122,630
Salaries
Teaching
10,188,624
Other
6,580,153
Pensions
169,811
Teaching
cost
2,249,988
Maintenance
2,037,725
Marketing,
administration,
alumni
1,443,389
Refectory,
foods
and
non-‐foods
5,943,364
Utilities
1,485,841
Insurance
679,242
Domestic
and
welfare
169,811
Administration
costs
594,337
Other
costs
721,695
Total
Expenses
34,386,610
Profit/Loss
8,065,990
34
Due
Diligence
and
Accountability
Douglas
Younger
who
practices
financial
law
with
Aird
&
Berlis
in
Toronto,
Ontario
will
advise
Gordonstoun
Nova
Scotia
on
all
financial
matters
both
national
and
international
in
scope
and
will
serve
on
the
Board
of
Governors
of
Gordonstoun
Nova
Scotia
and
from
which
position
he
will
have
firsthand
knowledge
on
all
matters
related
to
the
School
and
particularly
in
relation
to
financial
matters.
Mr.
Younger
represents
some
of
Canada’s
largest
financial
institutions
and
companies
in
banking,
financing,
and
borrowing,
and
on
insolvency
and
restructuring
transactions
of
all
sizes.
Mr.
Younger
will
be
assisted
by
the
legal
team
at
Aird
&
Berlis
in
all
other
matters
affecting
the
School
and
its
operations.
In
addition,
E.A.
Farren,
Limited
as
Project
Developer
has
asked
PricewaterhouseCoopers
LLC
to
provide
accountancy
for
Gordonstoun
Nova
Scotia
and
to
provide
project
management
services
from
its
Montreal,
Québec
office
during
the
construction
phase.
The
PricewaterhouseCoopers
office
in
Montreal
is
providing
similar
oversight
service
for
the
$59
million
container
terminal
expansion
at
the
Port
of
Saint
John,
New
Brunswick.
Audit
services
will
be
carried
out
by
an
internationally
recognized
third
party
accounting
firm.
35
Appendix
A
–
Gordonstoun
Franchise
Task
List
36
Task list for possible collaboration
Primary Responsibility (P) and Review and Approve (r)
Area No. Task Gordonstoun Intermediary/cons Owner/funder
ultant
0 Set out our objectives, what we will deliver, and what we require P
as reward and protection
1.Concept Agreement on overall objectives and time scales for a specific P P P
stage project
Consider the need for protection of IP and for in-country P
company. Decide on name of school.
Decide on country-specific structure as permitted by government p r p
(foreign-owned; local company not for profit, or whatever)
Decide on potential company structure to embrace all p p p
stakeholders (land/building owner, local shareholders,
Gordonstoun) with shareholdings to be defined later.
Feasibility 1.1 Provide evidence of demand from in-country (and foreign r P r
and Market parents where appropriate). Provide background demographic
Research and income data for area to be served.
Provide analysis of competing schools: what gap are we
addressing? Local? Ex-pat? Junior/Middle/Senior? Co-ed/ Day
and Boarding? Language of instruction? (eg English)
1.2 Provide evidence of political support as appropriate. Provide r r P
evidence that all relevant permissions and licences are available
1.3 Provide evidence of current exchange control regime and tax r P r
status (or any barriers to profit sharing by a foreign entity).
Ensure that Gordonstoun’s desired economic return is known
1.4 Define optimum size of school and age structure. Define space p P p
requirements (teaching space, sports, music, drama, art,
catering, assembly, teacher accommodation, boarding, roads,
parking amenity space, etc). Obtain 1st cost estimate based on
size. Property owner to confirm desired IRR. Lease term to be
agreed.
1.5 Definition of the academic and broad curriculum, and staffing P r r
(teaching and support staff)
1.6 Define fee levels and salary levels (including ex-pat package if r P r
necessary?)
1.7 Production of pro-forma business plan r P r
1.8 Confirmation of investors and due diligence on them r P
1.9 Confirmation of funding r P
1.10 Investors visit Gordonstoun P
1.11 Heads of Agreement/MOU and provisional decision to proceed P P P
2. Choice of 2.1 Validate choice of site (site visit by Gordonstoun). See also 1.4. P
site
2.2 Define infrastructure requirements (heat/light/aircon, water, r r P
roads, comms, effluent etc), cost, and who pays
2.3 Check transport connectivity for local parents r p r
6. Set up 6.1 Plan the pace of recruitment of students and staff (the build-up r P r
phase to full capacity) to include all teaching and support staff
6.2 Complete website and prospectus, accelerate marketing effort r r P
6.3 Install MIS and agree on reporting requirements (monthly P P
statistics, accounts)
6.4 Write the timetable (Principal) P P
6.5 Advertise, interview and appoint staff P p
6.6 Complete equipment purchases, fit out buildings r r P
6.7 Introduce all documentation (parental contracts, staff contracts, P r r
admissions documents, curriculum guides, operating policies,
departmental plans, risk management, etc)
6.8 Purchase all curricular resources r r P
6.9 Staff induction P P
ϰϭ
December 28, 2017
Edward A. Farren
E.A. Farren Ltd.
P.O. Box 306
Saint John, NB E2L 3Y2
Annual applications
The demand of international students to Canada has been in rise since the last
five years. Current Canadian Bureau for International Education (CBIE) research
shows that students studying at the primary and secondary level make up
approximately 15 percent of the international student population in Canada. It is
unsurprising that many of these come from the world’s most populous region:
Asia. China and South Korea are the top two source countries.
Admission procedures for International High School students are pretty easy.
There are some simple steps to follow.
Step 1:
Submit duly filled application form to the school with non-refundable application
fee
Step 2:
Proof of English proficiency not older than two years from the date of application
Step 3:
Upon receipt of the letter of acceptance, the student is required to pay the
registration fee and tuition fee for the program of studies. In the event that a
student visa/study permit is not awarded by the Canadian Embassy and the
student provides a letter and evidence to support this claim, the tuition will be
refunded in full.
Fee levels: Comparison with North Eastern American Schools and other Canadian
Schools
Private schools across Canada are increasing in recent years because of the
demand by the parents and students as they believe that quality of education is
far better than any public school. Large chunks of students are left with no
admission as the older private schools of 19th century gets their admissions filled
early and the students have very less to choose from. This shows that there is a
need and demand for growth in private schools.
This shows the growing concern for more number of international private
boarding schools in Atlantic Canada. In the last one decade, private school
enrolment increased in every province except P.E.I. and New Brunswick where
there was a very slight decline. In British Columbia, Alberta and Saskatchewan,
private school enrolment grew by 24-34 per cent over a short period. These
occurred during a 13-year period when Canada’s school-age population shrank
significantly.
Pertinent results
The table below shows private boarding schools trends in each province and the
relation to overall enrolment.
E.A. Farren Ltd. 5 December 28, 2017
Please do not hesitate to contact the undersigned if you have any questions,
comments, or concerns.
John C. Gillis
jcgillis@gmglaw.com
JCG/msk
Canadian Boarding Schools
1. Bishop’s College School ........................................................................................................................ 2
References ................................................................................................................................................. 27
1. Bishop’s College School
80 chemin Moulton Hill Phone: 819-566-0227
Sherbrook, QC J1M 1Z8 www.bishopscollegeschool.com
Bishop’s College School was founded in 1836 as the Lennoxville Classical School by the Reverend
Lucius Doolittle.
Students
Teachers
Student-Teacher Ratio is 7:1
Canada:
- McGill University
- University of Toronto
- University of Waterloo
USA
- New York University
- Stanford University
- Boston University
International
- London School of Business
- Oxford Brookes University
- American University of Paris
Endowment
Approx. market value: $21 million
Contact Details
-Admission Office: Phone 819-566-0238/296, admissions@bishopscollegeschool.com
Established in 1877, it is a Co-educational university preparatory school for day and boarding
students in Grades 6 to 12.
Students
Teachers
Student-Teacher Ratio is 7:1
60% teaching faculty with advanced degree.
Canada:
- McGill University
- University of Toronto
- University of Waterloo
USA
- University of Southern California
- Harvard University
- Boston University
Contact Details
-Admission Office: Phone 506-847-8224, Fax 506-848-0851819, admission@rns.cc
Students
Teachers
Student-Teacher Ratio is 8:1
54% teaching faculty hold advanced degree
Canada:
- Ryerson University
- University of Toronto
- University of Waterloo
USA
- Princeton University
- Albany University
- Boston University
International
- Newcastle University
- University of Bristol
Endowment
Approx. market value: $100 million
Contact Details
-Admission Office: Phone 416-488-1125, ext. 2221, Fax 416-484-8618,
admission@ucc.on.ca
Notable Achievements
- 100% university offers, 18 different sports with teams, 60+ clubs
Notable Alumni
• Brendan Fraser (Class of 1987) actor
• Ernest McCulloch (Class of 1943) stem cell pioneer
• Michael Ignatieff (Class of 1965) Liberal Party leader
• Barney Williams (Class of 1996) Olympic rower
• J. Michael Evans (Class of 1984) Olympic rower, CEO of Goldman Sachs Asia
• Stephen Leacock (Class of 1887) author
• Robertson Davies (Class of 1932) author
Students
Teachers
Student-Teacher Ratio is 7:1
Endowment
Approx. market value: $100 million
Contact Details
-General Office: kesinfo@kes.ns.ca
Founded in 1911, Appleby College is an international independent, coed, day and boarding
school serving students from grade 7 to grade 12.
Students
Teachers
Student-Teacher Ratio is 9:1
Canada:
- McGill University
- University of Toronto
- University of Waterloo
USA
- New York University
- Princeton University
- Northeastern University
International
- University College London
- The University of Edinburgh
- Vrije Universiteit Amsterdam
Contact Details
Notable Alumni
• Raymond Massey (Class of 1914) Actor
• John Marshall Harlan II (Class of 1916) Justice of the United States Supreme Court (1955–
1971)
• John Osler (Class of 1933) Director of Ontario's Special Investigations Unit (1990–1995)
• George Atkins (Class of 1934) founder, Developing Countries Farm Radio Network;
member, Order of Canada
• J. Pearce Bunting (Class of 1947) President (1977–1995), Toronto Stock Exchange
• Norman Atkins (Class of 1953) Canadian Senator
• Dan Hays (Class of 1958) Canadian Senator, former Leader of the Opposition in the
Senate
• William Gairdner (Class of 1960) Olympic athlete (Decathlon, Tokyo, 1964), conservative
author
• Bryan Baeumler (Class of 1992) television host for HGTV's Disaster DIY and Disaster DIY:
Cottage
• Brianne Jenner (Class of 2009) Canadian Women's Hockey Team Olympic Gold Medalist
Ashbury College was founded in 1891 by George Penrose Woollcombe, an ambitious Oxford
University graduate and a new Canadian.
Students
Teachers
Student-Teacher Ratio is 7:1
95% teaching faculty holds advanced degree
Canada
- McGill University
- University of Toronto
- University of Waterloo
USA
- Princeton University,
- Harvard University
- University of Chicago
International
- London School of Economics
- Sorbonne University of Paris
- University of Oxford
Contact Details
-Admission Office: Phone: 613-749-5954, admissions@ashbury.ca
Notable Alumni
• John Turner - Prime Minister of Canada
• Stockwell Day - Member of Parliament of Canada
• Ryan Semple - 2006/2010 Olympian
• Matthew Perry - Actor
• Adrian Harewood - Anchor, CBC News
• Lt. Gen. Guy Simonds - Chief of Staff, Canadian Army
Founded in 1991, Bronte College is a private International Baccalaureate (IB) World School
offering Grades 9 to 12 for day and boarding students.
Students
Teachers
Student-Teacher Ratio is 18:1
65% teaching faculty holds advanced degree
- McGill University
- University of Toronto
- University of Waterloo
- Simon Fraser University
- University of British Columbia
Contact Details
-Admission Office: Phone: 905-270-7788 Ext. 2025, admissions@brontecollege.ca
Teachers
Student-Teacher Ratio is 7:1
Canada:
- Queens’s University
- University of Toronto
- Western University
International
- University of Birmingham
- Royal College of Surgeons in Ireland
- King’s College London
Endowment
Approx. market value: $30 million
Contact Details
- Admission Office: Phone: 705-652-3324, admissions@lcs.on.ca
• HRH Prince Andrew, Duke of York, (Class of 1978) Member of the British Royal Family
• HM Felipe VI of Spain (Class of 1985) Member of the Spanish Royal Family, King of Spain
• Ted Byfield (Class of 1944) Western Canadian writer, publisher
• Emilio Azcárraga Jean (Class of 1987) CEO of Televisa, the largest media company in the
Spanish-speaking world
• Anna Gainey (Class of 1996) Liberal Party of Canada President (2014–present)
• Ian Binnie (Class of 1957) Justice of the Supreme Court of Canada, Served from 1998 to
2011
• David Miller (Class of 1977) Mayor of Toronto from 2003 to 2010
• Will Arnett (Class of 1988) Actor
• Matt Frewer (Class of 1976) Actor
• Cody Ceci (Class of 2011) Hockey Player (NHL), Ottawa Senators
In 1889, Ridley College opened its doors, initially welcoming students from Canada and across the
Atlantic.
Students
Teachers
Student-Teacher Ratio is 9:1
27% Teaching Faculty holds advanced degree
Canada:
- Queens’s University
- University of Toronto
- Western University
USA
- Brown University
- University of California, Los Angeles
- Princeton University
International
- UNSW Australia
- Ludwig Maximilians University, Germany
- Ecole Hoteliere de Lausanne, Switzerland
Endowment
Contact Details
- Admission Office: Phone: 905-684-1889 ext. 2207, 1-866-603-
1889, admissions@ridleycollege.com
Notable Alumni
• Hume Cronyn (Class of 1931) Actor. Winner of the Order of Canada in 1988 and recipient
of the Tony Lifetime Achievement Award
• Neil W. Campbell (Class of 1951) Olympic Rower
• Colm J. Feore (Class of 1977) Actor
• Don S. McMurtry (Class of 1982) Founding Partner of Research in Motion - makers of the
BlackBerry
• Duncan (Rob) Coutts (Class of 1988) Musician and bass player for "Our Lady Peace"
• Raine (MIchael) Maida (Class of 1989) Musician and lead singer for "Our Lady Peace"
• Sophie Kallinis LaMontage (Class of 1996) DC Cupcake Owner/TLC Reality Show Star
• Samantha E.M. McGlone (Class of 1997) Olympic Triathlete 2004
• Katherine Kallinis (Class of 1998) DC Cupcake Owner/TLC Reality Show Star
• Andrew Peters (Class of 1999) NHL Hockey Player
Founded in 1889
Students
Teachers
Student-Teacher Ratio is 9:1
36% Teaching Faculty holds advanced degree
Canada:
- Université de Montréal
- University of Toronto
- University of British Columbia
USA
- Harvard University
- Columbia University
- Princeton University
International
- University of Exeter
- Royal Holloway College, University of London
- Newcastle University
Endowment
Approx. market value: $32 million
Contact Details
Schedule “A” Canadian Boarding Schools Page 17 of 27
- Admission Office: Phone: 905-727-3178/ 303, 1-866-603-1889, Fax: 905-727-
9032, admission@sac.on.ca
Notable Alumni
• David Dodge - Former Governor of the Bank of Canada
• Lawren Harris (Class of 1903) Canadian Landscape artist, Member of the Group of Seven
• Kiefer Sutherland (Class of 1986) Actor
• Graham F. Towers (Class of 1913) First Governor of the Bank of Canada
• Harry Watson (Class of 1916) Member, Hockey Hall of Fame
• Hon. John C. Crosbie (Class of 1949) Lieutenant-Governor, Newfoundland & Labrador
• Michael Del Zotto (Class of 2008) New York Rangers
• Steve Amell (Class of 2000) Actor
• Timothy Findley (Class of 1950) Canadian novelist and playwright
• John McCurdy (Class of 1903) Canadian Aviation Pioneer and Lieutenant Governor of
Nova Scotia
• Vincent Massey (Class of 1906) Governor General of Canada
Founded in 1842, Pickering College provides a nurturing, supporting and enriching 21st century
learning environment for all students, JK to Grade 12.
Students
Teachers
Student-Teacher Ratio is 9:1
67 Faculty/ Associate Faculty
129 Bachelor degree holder
11 Master’s degrees
1 Doctorate
Contact Details
- Admission Office: Phone: 905-895-1700, admission@pickeringcollege.on.ca
Established in 1867, our founders opened their doors with the intention of educating girls and
teaching them how to be leaders
Students
Teachers
Student-Teacher Ratio is 12:1
80% Teaching Faculty holds advanced degree
Canada:
- McGill University
- University of Toronto
- University of Western Ontario
USA
- Brown University
- Columbia University
- Princeton University
Endowment
Approx. market value: $11 million
Contact Details
- More Info : info@bss.on.ca
Notable Alumni
• Lin Chi-Ling (Class of 1993) - Taiwanese Model and Actress
Students
Teachers
Student-Teacher Ratio is 7:1
Canada:
- University of Toronto
- University of British Columbia
- Dalhousie University
USA
- Harvard University
- Columbia University
- Princeton University
Contact Details
- Admission Office: Phone: 902-798-2278 ext. 3593 (Janet Naugler), janetn@kes.ns.ca
Notable Alumni
• Sir Robert Barry Dickey (1829): Father of Confederation
• Sir John Hamilton Gray (1829): Prince Edward Island Premier and Father of
Confederation
• David Andrews (1966): President and C.E.O. of the American Hockey League. Annually
named one of the most powerful people in hockey by The Hockey News.
• Fred Fountain (1966): The Chancellor of Dalhousie Univerity, Fred Fountain is one of the
leading philanthropist's in Canada.
Founded in 1894, Havergal College is one of Canada’s pre-eminent independent schools for girls
from Kindergarten to Grade 12.
Students
Teachers
Student-Teacher Ratio is 9:1
30% Teaching Faculty holds advanced degree
Canada:
- University of Toronto
- University of British Columbia
- Dalhousie University
USA
- Harvard University
- Columbia University
- Yale University
International
- King’s College London
- Royal College of Surgeons in Ireland
- St. George’s University
Contact Details
- Admission Office: Phone: 416-482-4724, admissions@havergal.on.ca
Established in 1872
Students
Boys Girls Total Percentage
Boarding - - 171 71
Day - - 68 29
Total - - 239 100
Teachers
Student-Teacher Ratio is 8:1
11% Teaching Faculty holds advanced degree
Endowment
Approx. market value: $10 million
Contact Details
- More Info: Phone: 819-876-2223, admissions@stansteadcollege.com
Bishop's College School | Bishop's College School | A Private Day & Boarding School in
Sherbrooke, QC. (n.d.). Retrieved October 30, 2017,
from http://www.bishopscollegeschool.com/
Rothesay Netherwood School. (n.d.). Retrieved October 30, 2017, from http://www.rns.cc/
King's-Edgehill School | Private IB School in Windsor, Nova Scotia. (n.d.). Retrieved October 30,
2017, from http://www.kes.ns.ca/
Appleby College | Fascinating Minds Since 1911. (n.d.). Retrieved October 30, 2017, from
http://www.appleby.on.ca/
World-class IB coeducation in the heart of Ottawa - Ashbury College. (n.d.). Retrieved October
30, 2017, from http://www.ashbury.ca/
Find Yourself Here. (n.d.). Retrieved October 30, 2017, from http://www.brontecollege.ca/
Canada's Top University Prep, Boarding & Day School in Ontario. (n.d.). Retrieved October 30,
2017, from http://www.lcs.on.ca/
Best private boys boarding school in Canada - St. Andrew's College. (n.d.). Retrieved October
30, 2017, from http://www.sac.on.ca/
Girls Private University Prep & Boarding School in Toronto. (n.d.). Retrieved October 30, 2017, from
http://www.bss.on.ca/
King's-Edgehill School | Private IB School in Windsor, Nova Scotia. (n.d.). Retrieved October 30,
2017, from http://www.kes.ns.ca/
References ................................................................................................................................................. 41
1. Phillips Academy
180 Main Street Phone: 978 749 4000
Andover, Massachusetts 01810 www.andover.edu
Phillips Academy, founded in 1778, is a coeducational boarding school, grades 9–12 and
postgraduate. In 1973, the school merged with Abbot Academy, the oldest chartered girls’ school
in New England.
Students
Teachers
Student-Teacher Ratio is 5:1
Highest Degree
Ph. D.: 47
Master's: 130
J.D. 4
Bachelor's: 37
Endowment
June 30, 2016, approx. market value: $970 million
Contact Details
-Admission: admission@andover.edu, 978-749-4050
-Dean of Studies Office Team- 978-749-4030
Phillips Exeter Academy founded by John Phillips in 1781, is a coeducational boarding school,
grades 9–12 and postgraduate.
Students
47.3 students are receiving financial aid services in 2017-2018. Total financial aid awarded
$22,316,908.
Average class size is 12 students per class. And the acceptance rate in 19 percent.
Teachers
Student-Teacher Ratio is 5:1
Highest Degree
Total Faculty 213 (includes teachers and administrative faculty)
Degrees Held Doctorate 21% (45)
Master’s 63% (135)
Bachelor’s 16% (33)
Endowment
June 30, 2017(unaudited), approx. market value: 1.2 billion
Contact Details
- Admissions: admit@exeter.edu , 603-777-3437
St. Paul’s School, a co-educational, fully residential high school founded in 1856.
Students
39 % students are receiving financial aid services in 2017-2018. Total financial aid awarded $11.2
million.
Average class size is 15 students per class. And the acceptance rate in 16 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
June 30, 2017 approx. market value: $602.1 million
Contact Details
-Admission office: Toll Free 1-888-644-9611 • Tel 603-229-4700 admission@sps.edu •
Students
35 % students are receiving financial aid services in 2017-2018. Total financial aid awarded $10.3
million.
Average class size is 12 students per class. And the acceptance rate in 17 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
June 30, 2017 approx. market value: $532 million
Students
38 % students are receiving financial aid services in 2017-2018. Total financial aid awarded $6.9
million.
Average class size is 11 students per class. And the acceptance rate in 12 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
2017 approx. market value: $360 million
Contact Details
- Admission Office: Phone:978-448-7510, admission@sps.edu
Its founding in 1810 as the Maidenhead Academy, what is today known as The Lawrenceville
School.
Students
Boys Girls Total Percentage
Boarding - - 68
Day - - 32
Total - - 818 100
35 % students are receiving financial aid services in 2017-2018. Total financial aid awarded $10.3
million.
Average class size is 12 students per class. And the acceptance rate in 19 percent.
Teachers
Student-Teacher Ratio is 8:1
Endowment
Approx. market value: $372 million
Students
35% students are receiving financial aid services in 2017-2018. Total financial aid awarded $10.3
million.
Average class size is 14 students per class. And the acceptance rate in 14 percent.
Teachers
Student-Teacher Ratio is 5:1
Highest Degree
Total Faculty 140
Degrees Held Doctorate 10%
Master’s 75%
Endowment
Contact Details
- Admissions: Phone: 617-898-2227, Fax: 617-898-1701, admission@milton.edu
“Rosemary Hall, a school for girls, was founded in 1890 by Mary Atwater Choate. In 1896 Mary’s
husband, Judge William G. Choate, established The Choate School for boys on the same family
property in Wallingford. In 1900, Rosemary Hall moved its campus to Greenwich and another 70
years would pass before Rosemary Hall “came home” to Wallingford.”
Students
35 % students are receiving financial aid services. Average financial aid awarded $12.1 million.
Average class size is 12 students per class.
The acceptance rate in 18 percent.
Teachers
Student-Teacher Ratio is 6:1
Endowment
June 30, 2017(unaudited), approx. market value: 1.2 billion
Founded in 1891, the school provides an education of academic to students in grades 9 through
12, and to a small number of postgraduates.
Students
32 % students are receiving financial aid services. Total financial aid awarded $9.4 million.
Average class size is 12 students per class. And the acceptance rate in 21 percent.
Teachers
Student-Teacher Ratio is 6:1
155 faculty members (part-time and full-time)
47% women / 53% men
84% hold advanced degrees
Contact Details
-Admission office: Phone: 860-435-3102
Students
35 % students are receiving financial aid services in 2017-2018. Total financial aid awarded $6.1
million.
Average class size is 12 students per class. And the acceptance rate in 18 percent.
Teachers
Student-Teacher Ratio is 4:1
Contact Details
- Admission: Phone: 978 371-6524, admissions@mxschool.edu
Students
40% students are receiving financial aid services in 2017-2018. Total financial aid awarded $7
million.
Average class size is 12 students per class. And the acceptance rate in 25 percent.
Teachers
Student-Teacher Ratio is 6:1
Endowment
June 30, 2017, approx. market value: $321 million
Contact Details
Kent is a leading secondary school with a rich tradition and history since its founding in 1906.
Students
43% students are receiving financial aid services in 2017-2018. Total financial aid awarded $8.6
million.
Average class size is 12 students per class. And the acceptance rate in 39 percent.
Teachers
Student-Teacher Ratio is 7:1
Endowment
Contact Details
- Admission office: 860-927-6111, admissions@kent-school.edu
Founded in 1814
Students
41% students are receiving financial aid services in 2017-2018. Total financial aid awarded $4.2
million.
Average class size is 12-14 students per class. And the acceptance rate in 36 percent.
Teachers
Student-Teacher Ratio is 6:1
Contact Details
- Admission Office: 518-833-1320, admissions@emmawillard.org
Founded in 1890, the Taft School is a co-educational boarding and day school for students in
grades 9 to 12.
Students
35% students are receiving financial aid services in 2017-2018. Total financial aid awarded $9.2
million.
Average class size is 11 students per class. And the acceptance rate in 21 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
Contact Details
- Admission Office: Phone 860-945-7700, Fax: 860-945-7808, admissions@taftschool.org
www.concordacademy.org
Founded in 1922
Students
25% students are receiving financial aid services in 2017-2018. Total financial aid awarded $4.1
million.
Average size is 12 students per class. And the acceptance rate in 21 percent.
Teachers
Student-Teacher Ratio is 6:1
Endowment
June 30, 2015, approx. market value: $62 million
Contact Details
- Admission Office: Phone: 978-402-2250, admissions@concordacademy.org
Founded in 1922 with the motto “Character Before Career,” The Stony Brook School is a Christian,
co-ed, college preparatory boarding and day school for 7-12th grade students
Students
Teachers
Student-Teacher Ratio is 7:1
Contact Details
- Admission Office: Phone: 631-751-1800 Ext. 1
Founded in 1874
Students
33% students are receiving financial aid services in 2017-2018. Total financial aid awarded $10.4
million.
Average size is 12 students per class. And the acceptance rate in 27 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
June 30, 2015, approx. market value: $171.2 million
Founded in 1929
Students
47% students are receiving financial aid services in 2017-2018. Total financial aid awarded $6.4
million.
Average size is 12 students per class. And the acceptance rate in 26 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
Contact Details
- Admission Office: Phone: 302-285-4231, admissions@standrews-de.org
Founded in 1875
Students
40% students are receiving financial aid services in 2017-2018. Total financial aid awarded $7.5
million.
Average size is 12 - 14 students per class. And the acceptance rate in 32 percent.
Teachers
Student-Teacher Ratio is 5:1
Endowment
As of July 2017, approx. market value: $162 million
Contact Details
Founded in 1893
Students
Teachers
Student-Teacher Ratio is 5:1
72% teaching faculty with advanced degrees
78 faculty members have a master’s degree
5 hold doctorates
Contact Details
- General office: Phone: 717-328-6173 Fax: 717-328-6319, admission@mercersburg.edu
Loudenback, E. M. (2016, February 17). The 50 most elite boarding schools in America. Retrieved
October 15, 2017, from http://www.businessinsider.com/most-elite-boarding-schools-in-america-
2016-2/#50-st-annes-belfield-school-1
Phillips Exeter Academy Exeter. (n.d.). Retrieved October 15, 2017, from https://www.exeter.edu/
St. Paul's School. (n.d.). Retrieved October 15, 2017, from https://www.sps.edu/page
New England Coed Boarding School in Groton MA. (n.d.). Retrieved October 15, 2017,
from http://www.groton.org/
Choate Rosemary Hall. (n.d.). Retrieved October 15, 2017, from http://www.choate.edu/
All-Girls Private Boarding High School in Troy, NY. (n.d.). Retrieved October 15, 2017,
from https://www.emmawillard.org/page
Home - Taft School. (n.d.). Retrieved October 15, 2017, from http://www.taftschool.org/
The Stony Brook School | Private School in Stony Brook, NY. (n.d.). Retrieved October 15, 2017,
from http://www.stonybrookschool.org/
The Loomis Chaffee School | Co-ed Independent Boarding School in CT. (n.d.). Retrieved
October 15, 2017, from http://www.loomischaffee.org/
St. Andrew's School. (n.d.). Retrieved October 15, 2017, from http://www.standrews-de.org/
Explore The Hill. (n.d.). Retrieved October 15, 2017, from http://www.thehill.org/
Mercersburg Academy – Pennsylvania Boarding School, Private School, PA. (n.d.). Retrieved
October 15, 2017, from http://www.mercersburg.edu/
Expenses
Gordonstoun
economic
return
1,448,561
1,477,532
1,507,082
Salaries
Teaching
10,088,640
10,290,413
10,496,221
Other
6,515,580
6,645,892
6,778,809
Pensions
168,144
171,507
174,937
Teaching
cost
2,227,908
2,272,466
2,317,915
Maintenance
2,017,728
2,058,083
2,099,244
Marketing,
administration,
alumni
1,429,224
1,457,808
1,486,965
Refectory,
foods
&
non-‐foods
5,885,040
6,002,741
6,122,796
Utilities
1,471,260
1,500,685
1,530,699
Insurance
672,576
686,028
699,748
Domestic
&
welfare
168,144
171,507
174,937
Adminstration
costs
588,504
600,274
612,280
Property
tax
150,000
150,000
150,000
Other
costs
714,612
728,904
743,482
33,545,921
34,213,839
34,895,116
Earnings before income tax, depreciation & amortization 12,322,579 12,512,031 10,155,272
116
Appendix
D
–
Balance
Sheet
Gordonstoun
Nova
Scotia
Financial
Projection
Balance
Sheet
CURRENT
Cash 3,872,750 6,787,496 8,762,821
Accounts
receivable
628,336
640,080
617,129
4,501,086 7,427,576 9,379,950
CURRENT
Accounts
payable
2,067,973
2,108,962
2,150,772
Current
portion
of
long
term
debt
1,591,096
2,852,609
2,852,609
3,659,069
4,961,571
5,003,381
117
Appendix
E
–
Statement
of
Cash
Flows
Gordonstoun
Nova
Scotia
Financial
Projection
Statement
of
Cash
Flow
118