Why is the Annual Fund so important? The Elgin Academy Annual Fund is the most important fundraising opportunity for you to participate in the financial sustainability of the school. Tuition and fees only cover 85% of our operating budget. The Annual Fund critical to providing the additional 15% for operation expenses, including professional development and continuing education of teachers, upgrading technology for the 21st century student, and enhancements to educational and co-curricular programs.
Participation Means Everything
We are counting on everyone! This year, our Annual Fund goal is to raise at least $287,433 to fund operational expenses that tuition and fees do not cover. Reaching this goal requires that each family consider making a tax-deductible contribution of $1,500 to the Annual Fund for each enrolled student.
While we recognize that our request can be a stretch, we appreciate every gift. We know that every family will do its best to make a financial contribution to the Annual Fund. In addition, your gift, regardless of size, increases the participation percentage of the entire community. Participation is important because corporations and foundations believe that participation percentages at 95% or higher in the Annual Fund represent a strong endorsement of the school’s mission. They want to award grants to schools with strong community support.
The entire Board of Trustees and virtually all of the faculty and staff members have made a financial commitment to the Annual Fund. Please join with us in making your gift now online at Support EA.