Message From the Chief Financial Officer
The 2022-23 school year marked a return to normalcy in all areas of Episcopal’s daily life. We no longer had to spend our time and resources dealing with the pandemic. Instead, our energy could be spent on developing young men and women into people with moral and intellectual courage. As I look back on the 2022-23 school year, I am thankful for so many things.
We moved into three new buildings which were started during the pandemic and completed under budget. I want to acknowledge our Board who made the right decision in 2019 to build all three buildings at the same time and to finance them when the cost of money was at historical lows. The new North and West dormitories have raised the bar for amenities on campus and have become the new standard for residential life. The new deButts Health & Wellness Center has also raised the bar on our ability to serve all of the health and wellness needs of our students. In the current crisis for teen healthcare, bringing this building online was very fortuitous.
In addition to this excitement that was happening in the center of campus, progress was being made in other areas on campus. We committed to a long-term solar installation that will go on the roofs of Flippin Fieldhouse and Hershey Athletics Center. We expect this installation to provide about 10% of the campus’s electricity. In addition, a smaller solar installation will go on the new Class of 1976 Golf Facility which is just getting underway adjacent to the Goodman Squash Courts facility. Finally, the construction of North and West dorms gives us the opportunity to systematically de-densify our older dorms and renovate them as needed. The planning for this large-scale, multi-year endeavor is underway.
Without the generous support of our alumni, parents and friends, we would not have been able to accomplish any of the things I have mentioned above. You are all critical to the continued success of Episcopal and we are eternally grateful.
William H. deButts III ’76 P’08 ’10 ’12
Chief Financial Officer