To accommodate our flourishing academic and extracurricular program and the healthy growth of the student body, the School has artfully adapted its Beaux-Arts mansions and creatively utilized additional facilities. While these accommodations offer short-term solutions, it is time for Marymount to build a permanent second home to complement the flagship campus on Fifth Avenue. The new building will allow Marymount to expand its programming and remain at the forefront of innovative education.
The new building will include classroom space that will facilitate dynamic teaching and learning. Focal points of the new building include a chapel, gymnasium, communal dining area and outdoor spaces, performance arts space, and flexible learning spaces. The School retained the architectural firm COOKFOX to design the building and is working with them to finalize the design.
There are many variables that affect the timeline of the project, including funds raised, variances/permits, and proceeds from the sale of the 82nd Street building. Currently we anticipate that the new building will be ready for the start of the 2022-2023 school year.
The projected costs are approximately $100M. The project will be financed through the sale of the 82nd Street building, previous funds raised for the building fund, and the capital campaign. Our goal for this campaign is $60 million. The School will also explore limited financing opportunities.
Capital costs and tuition meet different needs and will remain separate initiatives. Capital costs will be provided through the campaign and other sources mentioned above. Each year when the Board considers tuition increases, they are mindful of keeping the increases small while maintaining a 5:1 teacher student ratio and exceptional faculty and programs.
Marymount accepts cash, checks, credit cards, and marketable securities. Gifts may be paid over five years on a quarterly, semi-annual, or annual basis. Outright gifts, paid in full, are always gratefully accepted.
Annual gifts enable the School to maintain and enhance its academic and extracurricular programs, support the professional development of our outstanding faculty, and improve our facilities. Campaign gifts are given in addition to annual gifts, usually over a defined number of years, in support of specific programs and projects such as the capital renovations identified by the School and its Trustees as crucial to the School’s fulfillment of its vision and mission.
We encourage families to participate in both at a level that is appropriate for them. Maintaining Marymount's high parent participation in the Annual Fund is vitally important. At the same time, we hope that all families can share in this exciting moment in Marymount's history by helping us make the school of the future a reality.
All donors to the campaign will be recognized, unless they express a desire to remain anonymous. In addition, Marymount is pleased to offer a limited number of naming opportunities as an expression of enduring gratitude to our most generous donors and longtime friends. Gifts may be made to leave a legacy, honor one’s family, recognize faculty, or in memory of a loved one. To help meet the objectives of the campaign and match donor interests, we will offer multiple opportunities within the new Marymount building.
