- What is the Annual Fund?
- Why is the Annual Fund necessary?
- What is the difference between the Annual Fund and the Parent Annual Fund?
- Does participation matter?
- Can I designate my gift?
- What are recurring gifts?
- What are matching gifts?
- When does the Annual Fund close?
- My child is on Financial Aid. Is it okay to make a gift?
- An alumnus/a and a parent. How is my gift counted?
- I have questions that are not answered here. Who can I call?
The Annual Fund is a volunteer-driven campaign to which alumni, parents, and friends make unrestricted gifts that flow directly into the school’s operating budget each year. Last year, contributions to the Annual Fund exceeded $4.45 million dollars, representing 9% of the school’s total operating budget. The Annual Fund runs from July 1 through June 30 each year.
Tuition, though substantial, only provides 70 percent of the actual cost of educating each student. The school relies on the generosity of alumni, parents, and friends to make up the difference each year through gifts to the Annual Fund and the draw on the endowment. The unrestricted dollars contributed to the Annual Fund allow the school to address its most pressing needs.
The Parent Annual Fund is a subset of the overall Annual Fund. Through the Parent Annual Fund, current families provide one quarter of the unrestricted dollars raised each year. These gifts are used in the operating budget and have a direct impact on today’s student and faculty.
Many employers provide a matching gift benefit for their employees, which means that the company will match an employee’s charitable contributions—possibly doubling the impact of one’s gift! In order to take advantage of this benefit, donors should contact their company’s human resources department.
The Annual Fund operates on a July 1 – June 30 fiscal year. Gifts received before midnight on June 30 will count in this year’s effort. However, a donor may give to the Annual Fund at any time. Giving early in the Annual Fund year helps to build momentum, and enables the school to save money on mailing costs.
Yes, your gift to the Parent Annual Fund will not affect your financial aid package. We encourage all families to support the Parent Annual Fund, because high participation by current parents is a point of pride for Loomis. Your gift is a statement of your belief in Loomis Chaffee, its educational program and the teachers, coaches, and mentors who are integral to it.