Why does Salisbury Academy have an Annual Fund?
The Annual Fund helps bridge the gap between tuition and the actual cost of a Salisbury Academy education. Annual Funds are common practice among independent schools and help keep tuition affordable so more students have access to the school’s education, and it allows a tax benefit to be realized as donations are tax deductible. The operating gap for the 2018-19 school year is projected to be $1,231 per child.
Where does the money from the Annual Fund go?
Proceeds from the Annual Fund are important to support building improvements, faculty compensation, professional development for teachers, technology improvements, and more.
Last year, exceeding our goal for the Annual Fund supported additional resources for the school, including the purchase the outdoor convertible tables for the outdoor classroom and adding to the school’s emergency fund.
Does everyone have to give?
Each year, every enrolled family is expected to participate in giving to the Annual Fund. Your participation sends a strong message of support and confidence in our school, an important message when the school seeks large funding from foundations and corporations. Our goal is to reach 100% participation among staff, board, and parents.
How much should I give?
Each family is encouraged to support in a way that is personally meaningful, in keeping with the broad socio-economic range that is reflected in our school’s diverse community. No gift is too small and each one is essential.
Are my donations tax deductible?
All gifts are tax deductible during the calendar year in which they are made. The schools fiscal year ends on June 30.
How do I donate?
Donations can be made in one of several ways:
By check to Salisbury Academy
By debit card or credit card at website www.salisburyacademy.org/support-sa
By direct withdrawal from checking account
By stock transfer
By employee match
Contact Tracey Baird by email or phone (704.636.3002, Ext. 127) for information on making a donation with stock.
What are Salisbury Academy’s other fundraising effort?
While the Annual Fund is the biggest and most important fundraising effort. Salisbury Academy hosts two special events each year which raise vital funds for the school: The spring gala in March and Kidsbloom in May. In addition to attending these events, there are several opportunities to participate – you can sponsor an event, donate auction items or volunteer to help.
From time to time Salisbury Academy will also seek funds for capital campaigns. Capital campaigns benefit students by providing new facilities and campus enhancements. Our current capital campaign is The Outdoor Learning Space portion of Project Green Space.
Booster Club and PSA are for parents, grandparents and other family members to share their time and talent, fitting a wide variety of skills and schedules. It is a meaningful way to support the school, meet new friends and show students how committed adults are to their educational experience.
Who can I contact with questions?
Tracey Baird, Development Coordinator
Phone: 704.636.3002, Ext.127