What is the Friends’ Central Fund?
Contributions to the Friends’ Central Fund go immediately into the School’s budget to support the ongoing operations of the school. In a Capital Campaign gifts support building projects and endowment funds. Like other schools, Friends Central runs a Capital Campaigns every few years for big projects, but the Friends’ Central Fund is crucial every year.
How much should I donate to the Friends’ Central Fund?
Friends’ Central hopes that you will place the school among your top philanthropic priorities. Because the act of giving is highly personal, only you can determine the amount of your gift. Last year, gifts to the Fund ranged from $10 to $40,000. Participation in the Friends’ Central Fund is as important as the size of the gift. However, leadership gifts help to ensure the long-term strength and sustainability of the School.
What are leadership gifts?
Leadership level gifts begin at $1,845. Leadership gifts are crucial to the success of the Friends’ Central Fund. In 2018-2019, gifts at this level represented 60 percent of the total raised.
If I can only make a small gift, does it really make an impact?
It makes a difference. Gifts to the Friends’ Central Fund last year started at $10. Consider this: last year the school received 244 gifts of $100, totaling $24,400! What matters most is simply the act of giving.
Seriously? Participation matters?
Participation matters because it shows dedication to the mission and vision of Friends’ Central School. Your participation generates enthusiasm and encourages others to join you in celebrating and supporting the School. It makes a difference every day in every facet of our students’ experience. The School’s financial strength is dependent upon all members of the community. Also, foundations, grant-making institutions, and corporations look at participation as an indicator of support from the community when making decisions about funding.
Can a Friends’ Central Fund Gift be designated to a particular area?
Friends’ Central offers six areas within the school budget for gift designation: Greatest Current Need; Student Programs; Arts; Athletics; Faculty and Staff Retirement and Support; and Financial Aid.
Why raise funds for Financial Aid?
Financial aid benefits the entire School community. Scholarship aid helps create a talented and diverse peer group, exposing students to multiple perspectives and preparing students to live and work in an increasingly global society. Financial aid is thus a critical component of academic excellence both for individuals and for the entire school.
Who is asked to give to the Annual Fund?
Everyone who is part of the Friends’ Central community—current and past parents, alumni, grandparents, Trustees, faculty, staff, and friends of the School—is asked to participate in the Friends’ Central Fund. There is a strong tradition of giving at Friends’ Central. Each generation has played its part to ensure that future students are able to obtain an outstanding education. Contributions are a continuation of a legacy of support and generosity.
What does it mean when Friends’ Central is referred to as an independent school?
Friends’ Central is an Independent School because it designs its own programs and curriculum, operates without financial support from the government, and is governed by its own Board of Trustees. Unlike public schools, which are funded by tax dollars, independent schools rely solely upon tuition fees, endowment income and proceeds from fundraising to meet their operating expenses.
Is Friends’ Central eligible for matching gifts?
Gifts to Friends’ Central can be doubled, and even tripled, when they are matched by participating corporations and foundations. Please check with your employer’s Human Resources Department to determine eligibility.
Should I give if I receive tuition assistance?
Even though many families make financial sacrifices to pay tuition, it remains important for every member of the Friends’ Central community to participate in the Friends’ Central Fund at some level. Making a donation to the Friends’ Central Fund has no negative impact on financial aid.
Where does the money from tuition and philanthropy go?
The School’s 2018-2019 budget is about $22 million. 79% of the budget is spent on people—salaries and benefits for the faculty and staff who make all the good things happen at Friends’ Central. The remainder of the budget is spent on curricular and extracurricular programs, financial aid, administration, and the physical plant.
What kind of gift offers the greatest tax advantages for a donor?
All Friends’ Central Fund contributions are tax-deductible during the year in which they are made. In most cases, a gift of appreciated securities provides the best tax advantage. When you donate securities, you not only receive credit for the current market value of the stock, but you avoid paying capital gains tax on the appreciation. Always discuss such gifts with your own tax advisor.
