Annual Fund FAQs
What is the Annual Fund?
The Annual Fund is an essential component of our fundraising program. It bridges the financial gap between tuition and the full cost of a St. Paul’s education. The generous support and dedicated commitment of alumni, parents, grandparents, and friends allows St. Paul’s to maintain a tradition of excellence and a strong financial future, while encouraging a diverse student body.
By design, tuition is approximately 11% less than the true annual cost of a St. Paul’s education, thus providing our families and supporters the opportunity to contribute the remaining funds in a fully tax-deductible format.
Contributions to the Annual Fund directly support the school’s operating budget for:
- Small classes
- Exceptional faculty
- Faculty and staff professional development and competitive compensation
- Inspiring academic programs
- Upkeep of our beautiful campus
- Depth of programming: academic, experiential, artistic, and athletic.
St. Paul’s does not receive any federal, state, or local funding to supplement the gap between tuition income and the annual operating budget.
Why not raise tuition to cover the full cost?
Although we must raise tuition annually to provide for growth of faculty salaries and school programs, no independent school could charge full cost without pricing itself out of the market. We believe that a St. Paul’s education should be accessible to as many talented, deserving young students as possible. A diverse student population enriches the educational experience for all of our students and their families.
How much should I give to the Annual Fund?
Only you can decide how much to give. Charitable giving is a personal decision. We ask that all members of the community make St. Paul’s School a philanthropic priority and contribute to the best of their ability. Remember, your contribution will directly enhance the educational experience of each one of our students. We value gifts of all sizes, and every single gift matters.
How important is the Annual Fund to St. Paul’s School?
The experience of learning at St. Paul’s is an intense and rewarding one. While St. Paul’s carefully stewards its resources, the cost of this experience cannot be sustained by tuition alone. Your support for the Annual Fund plays a critical role in meeting the annual operating financial needs of the school and its programs.
Is my gift tax-deductible?
St. Paul’s is a 501(c)3 not-for-profit educational institution and we invite you to make a fully tax-deductible investment in our school.
Does your employer offer a matching gift?
Many companies offer a program whereby they will match the value of any gift that is contributed in support of a non-profit organization. Please check with your Human Resources department for proper documentation as an easy way to double your gift.
What is the Annual Fund Goal for 2016-2017?
The goal is $50,000.