(GOLOCALWORCESTER) — The heads of the top New England boarding schools don’t just educate the future 1%, many of them are members of the 1%.
The average compensation of the top 50 highest paid New England boarding schools heads of school is more than $420,000 annually, while the average student body of these 50 schools is just over 460 students.
GoLocal researched thousands of pages of federal tax data submitted to the IRS by each of the 99 boarding schools in New England. The schools reviewed have produced some of America’s most powerful and affluent leaders -- and maybe they should, as the schools average yearly tuition for boarders is $52,720. Choate Rosemary Hall claims grads such as Adlai Stevenson, President John F. Kennedy and actress Glenn Close. And Phillips Exeter’s alums include Mark Zuckerberg Founder and CEO, Facebook, author Dan Brown of “The Da Vinci Code,” as well as both Ted and Robert Kennedy.
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The findings of the research disclosed that the salaries and compensation of boarding school headmasters and headmistresses is often above that of private colleges and universities that are four to ten times larger in student enrollment.