The school has been financially challenged through much of its history, in large part because it lacked a founding endowment to rely on for stability of income, and it has relied substantially on tuition income for operations. As of June 30, 2017, the endowment had risen to $48.5 million. In recent years, the school has been on more solid financial footing, though still lacking a sizable endowment. In recent years its financial stability has relied on fundraising efforts led by its seventh president, Jonathan Lash.