Annual Fund Appeal ~ Questions and Answers
WHAT IS THE ANNUAL FUND APPEAL?
The Annual Fund Appeal is a direct appeal to trustees, parents, grandparents, alumni parents, alumni, faculty, staff and friends for financial contributions in support of the school’s operating budget.
WHY IS THE ANNUAL FUND NECESSARY?
Tuition
and other fees cover only a percentage of the annual
operating expenses of the school, and the purpose of
the Annual Fund is to help bridge this gap.
WHY NOT RAISE TUITION?
No
independent school could charge the full cost of
educating its students without pricing itself out of
the market. That’s why every independent school has
an Annual Fund Appeal. In addition, tuition is a
non-tax-deductible contracted contribution to the
school, while gifts to the Annual Fund are fully
tax-deductible.
WHAT MAKES WMWS AN INDEPENDENT SCHOOL?
We design
our own program and curriculum, operate without
financial support from federal or state government
agencies, and are self-governed by our Board of
Trustees and our College of Teachers. Unlike public
schools, which are funded by tax dollars, independent
schools rely solely upon tuition revenues and
philanthropic gifts to meet their operating and
capital expenses.
ARE THERE OTHER FUNDRAISING ACTIVITIES AT WMWS?
Yes. In
addition to asking everyone in the school to
participate in the Annual Fund, we have several
events and ongoing projects each year that strive to
raise significant funds, such as the Annual Dinner
and Auction, “Share the Bounty”, the Winter Arts
Festival, the Spring Faire and Plant Sale, cartridge
recycling program, and box-tops for education. Each
of these helps to raise funds for the operating
budget. We also just completed a public capital
campaign seeking funds for the our new home for the
school.
WHO SUPPORTS THE ANNUAL FUND?
Every
segment of the school community supports the Annual
Fund. We receive support from trustees, parents,
grandparents and special friends, faculty and staff,
businesses and foundations. It is our hope that
together all of will help us to achieve and surpass
our goal of $25,000.
DO CORPORATIONS AND FOUNDATIONS SUPPORT THE ANNUAL
FUND?
Corporations
typically contribute to independent schools by
offering matching gifts to their employees’
contributions. You may want to check with your
employer to see if such a program is in place where
you work. Foundations generally give to Annual Fund
appeals when there is a direct personal connection to
the school. Usually they are much more interested in
specific projects that are within their funding
guidelines and advance their specific areas of
interest.
WHY IS PARTICIPATION IMPORTANT?
The
school’s financial strength is dependent upon the
participation of all members of its constituency.
Your participation generates enthusiasm and
encourages others to join you in supporting the
school, and it is a key indicator to foundation and
corporate donors that we have consistent support from
those we serve, both past and present.
HOW MUCH SHOULD I GIVE?
You are
the only one who knows how much you are able to give,
and we ask only that you give to the best of your
ability. As a simple rule of thumb, our Annual Fund
gifts need to average approximately $500 for each
family within our school community to meet our goal.
Some parents truly cannot afford to give that much,
yet others in the community are more than happy to
make up the difference. If you feel you are of
average means within the community then please give
accordingly. If you are able to give more, please do
so.
CAN I DONATE STOCK TO THE ANNUAL FUND?
Yes. This
is a great way to make a gift to the school. Giving
appreciates securities provides you with a tax
deduction for the appreciated value of the stock
without incurring capital gains tax. Our Development
Office (603-447-3168) would be very pleased to
provide you with details on how to make stock
gifts.