- Why do we have an Annual Fund?
- Where does the money go?
- Why does The New School ask for contributions instead of increasing tuition?
- How will I be solicited?
- How much am I expected to give?
- Does my gift really make a difference?
- Do I need to send my money in right now?
The Annual Fund is critical because tuition alone does not cover the costs of operating The New School. Like other independent schools, The New School supplements costs through the Annual Fund where donations are tax deductible, unlike tuition. The National Association of Independent Schools (NAIS) recommends that 10% of an independent school's budget should be fundraising revenue.
The money donated to the Annual Fund is used within the fiscal year received and supports faculty salaries, program development and daily operational needs, such as the maintenance of facilities, classrooms, and equipment.
Donors can direct their Annual Fund gift to Area of Greatest Need, Academics, Arts, Athletics and/or Technology. This provides donors the option of indicating areas of personal interest while supporting fundamental elements of the school program.
Augmenting tuition through charitable gifts helps keep tuition at a competitive rate, provides many important programs and improvements that are essential to fulfilling our mission, while maintaining the small, close-knit community that makes The New School such a special place. It also provides an opportunity for you to receive an income tax donation on any gift to our school to the extent allowed by law.
Each gift makes a difference for our students - the only gift too small is the one not made at all. The New School also supplements financial needs through the help of outside foundations. These foundations want to see a school that has strong giving from constituencies. It is key that every single parent give to the Annual Fund - strong support on the "inside" leads to even more support on the "outside".
No, you can pledge your gift now and indicate a payment schedule that is most convenient for you. We will be happy to remind you when your pledge is due. Our fiscal year runs from July 1st to June 30th. A gift now or pledge to be paid by May 31st will save us from contacting you again regarding the Annual Fund this fiscal year.