independent school

An independent school is a school that is independent in its finances and governance; it is not dependent upon national or local government for financing its operations, nor reliant on taxpayer contributions, and is instead funded by a combination of tuition charges, donations, and in some cases the investment yield of an endowment. It is governed by a board of directors that is elected by an independent means and a system of governance that ensures its independent operation. It may receive government funds. However, its board must be independent.