Annual Giving’s Impact
Annual Giving makes a difference for our boys and our teachers every day. How?
Annual Giving strengthens the academic program and providing the equivalent of 60% of the financial aid budget, thereby enhancing the diversity and talent of our community. AG allows the School to offer competitive salaries and benefits to faculty and staff, which in turn helps attract and retain the best teachers, and it increases the breadth of the academic, athletic, and extracurricular opportunities available to our boys. In a very real way, AG pays for excellence at St. Albans.
Annual Giving builds a crucial bridge between tuition revenue and the actual cost of running the School by supplying nearly 8% of the School’s operating budget ($2.4 million in 2014) and helping to fill the $10,000 tuition gap per student. Conversely, a shortfall in Annual Giving would immediately and adversely impact curriculum offerings, extracurricular activities, financial aid, and faculty compensation.
The success of our AG program helps to set St. Albans apart from other independent schools by ensuring small class sizes, close student-teacher relationships, excellent library and computing resources, a world-class faculty, and a generous financial aid policy.
Endowments generate revenue at approximately 4.5 % of their value; gifts to Annual Giving generate immediate revenue for student and faculty support. Seen this way, a leadership contribution of $2,500 to Annual Giving is equal to the revenue of a $55,555 gift to endowment.
A shortfall in Annual Giving would immediately and adversely impact curriculum offerings, extracurricular activities, financial aid, and faculty compensation.