School Year-End Summary
June 30, 2024
Since its founding in 1972 as a 501(c)(3) nonprofit
institution, nearly all of Palmer Trinity School's
resources have been dedicated to fulfilling its
mission of educating students. For the 2023-2024
academic year, the School's annual operating
budget stands at over $32 million gross operating
revenues, with approximately 75% of expenditures
supporting student education through faculty and
staff compensation, programs, student services,
and need-based financial aid. The remaining budget
is allocated to campus improvements, facilities and
grounds maintenance, and debt service. Unlike for-
profit businesses, high-quality schools like Palmer
Trinity are labor-intensive, innovative, and student-
centered, focusing on developing the mind, body,
and spirit.
In 2007, Palmer Trinity launched the "Imagine"
campaign to expand its endowment, ensuring the
School's long-term viability and its ability to deliver
a premium education to a diverse community.
In 2015, the Miami-Dade Industrial Development
Authority Tax-Exempt bond was refinanced,
allowing the School to finance campus-wide
infrastructure improvements and kick off the
Soaring to Greater Heights Capital Campaign in
2017, resulting in over $13 million raised for the
building of Chapel, New Classroom Building and
Student Live Wing.
Commonfund.org, a leading investment firm
for educational institutions and nonprofit
organizations, manages the School's investments.
These funds are collateral for the School's Miami-
Dade County Industrial Bonds. Future investment
returns will meet the School's growing needs,
enhance educational programs, and support
faculty development. As of June 30, 2024, Palmer
Trinity's endowment had grown to $25 million, up
from just $200,000 sixteen years earlier.
Palmer Trinity relies on the generosity of alumni,
parents, grandparents, trustees, and other
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Annual Financial Report
