Why does Gordon need an Annual Fund?
Tuition accounts for 95% of Gordon’s operating budget each year; the remaining 5% is made up from the Annual Fund and endowment revenue. To charge the actual cost of a Gordon education could put unreasonable financial strain on families, so each year there is a tuition gap that the Annual Fund helps to fill. The tuition gap for the 2011-2012 school year is $620 per student.
Why is the Annual Fund important?
The Annual Fund provides an opportunity for those who know Gordon best to make a tax-deductible gift to sustain the school for generations to come. The community’s participation in the Annual Fund demonstrates their continued commitment to Gordon’s mission and vision and makes a powerful statement to potential families and institutional funders.
What is the goal of the Annual Fund?
In one word: participation. While monetary goals are set each year, the ultimate goal is always 100% participation from all members of the community. For the past year, 100% of Gordon’s trustees, faculty and staff have supported the Annual Fund. Last year saw a record-breaking 90% parent participation.
As of October 2011, 100% of Gordon’s Board of Trustees pledged to the Annual Fund and the school looks forward to 100% participation from all members of our community by the close of our fiscal year June 30, 2012.
What does the Annual Fund support?
The Annual Fund plays an important role in many areas of the Gordon experience;
Additionally, 5% of funds raised are allocated to the endowment, helping to build the asset which will support the school in perpetuity.