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August 9, 2017 9:49 pm at 9:49 pm
#1335444
Ex-CTLawyer
Participant
@lesschumras
You can pay staff with only $1,000 per student tuition if the school has:
1> a LARGE endowment
2> a substantial benefactor (or a few) who underwrite the difference between income and expenses
3> does substantial successful fundraising
4> subsidies from another organization (such as Federation)
5> other sources of income (I know one school that makes enough from rental of classrooms and facilities at night to a college for a satellite campus to cover 1/3 the annual budget