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Mind The Gap! An Insider’s Irreverent Look at Private School Finances and Management
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Mind The Gap! An Insider’s Irreverent Look at Private School Finances and Management

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Every private school claims to have a so-called “gap” between what it charges for tuition and what it “actually” costs to educate a child in a given school. And that purported “gap” is invariably closed at every private school through what it calls an annual fund, or voluntary, tax-deductible gifts, from trustees, parents, and alumni.

Written by Dr. Richard J. Soghoian, the
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Hardcover
Published (first published September 3rd 2012)
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Mark Mitchell
Oct 31, 2015 Mark Mitchell rated it liked it
Shelves: business
Dr. Soghoian's central claim is that independent schools should use tuition revenue to cover operating expenses, with donations (including endowment income) used only for capital investment or other one-time expenses. He has employed this strategy at Columbia Grammar and Prep for decades, with (at least according to him) great success. While I find his thesis compelling, his style of argument consists largely of pointing at CG&P's success, while insulting the general independent school ...more
Matt
Feb 02, 2014 Matt rated it did not like it
Shelves: non-fiction
This is a deceptive book. His views on fundraising and administration are contradictory to what is on his own school's website. He claims to know all about the unethical and destructive financial practices of private schools but admits to getting all his info from brochures. the sad part is, the story of revitalizing Colombia Grammar and Prep is compelling enough. however, his narrative of this is fairly vague. His ranting about how terrible the practices of every other school in America just ...more
Jerome
Nov 14, 2014 Jerome rated it really liked it
A lot missing in an otherwise compelling story of cost control at a successful independent school. The book has two main arguments that ring true but are poorly illustrated: one that administrative costs are out of control at independent schools (an argument that probably can carry over to colleges and the entire university system), and two that schools should mind the gap between the increase in costs between academic costs and administrative costs.
It is a fun read with many good anecdotes.
Kevin Mcshane
Aug 12, 2014 Kevin Mcshane rated it really liked it  ·  review of another edition
Must read for independent school administrators. He might be wrong, but we should never blindly accept the dominant paradigm.
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