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The St. Pius X Annual Fund was established in 1988 to
encourage and recognize the loyalty and support of alumni, parents, parents
of alumni, grandparents, and friends of St. Pius. Annual Fund gifts,
which are unrestricted (meaning the donor allows St. Pius to determine
how the money is used), relieve the burden on tuition and assist with
St. Pius' daily needs.
WHY?
WHO?
how are the annual fund dollars used?
WHEN?
matching gifts
giving recognition societies
gifts of stock and securities
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| Why does St. Pius have an Annual Fund? |
| Tuition does not cover the cost of most private schools’ program
needs. Therefore, these schools must raise funds over and above tuition
to bridge the funding gap. At St. Pius X, tuition covers about 90%
of the cost of educating a student. The Annual Fund, the largest and
most important fund raising project of the year, is the primary means
by which the cost to operate St. Pius is subsidized. Without the Annual
Fund, St. Pius would have to dramatically raise tuition or undertake
steep budget cuts. |
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| Who is asked to participate in the Annual Fund? |
| The entire St. Pius X community—alumni and alumnae, parents of alums, faculty and staff, grandparents of current students and alums, and friends—are invited to participate in the Annual Fund. |
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| How are Annual Fund dollars used? |
| Annual Fund revenues are a part of the budgeted operating revenues
of St. Pius. They are not “bonus dollars.” St. Pius must
have these monies to keep from operating at a deficit. To the extent
Annual Fund donations exceed the budgeted amount, they are used for
tuition assistance and school improvements as determined by the principal.
One could think of a portion of each Annual Fund dollar applying toward
the school’s different operating costs—salaries and benefits
(about 80%), plant operations, maintenance, and overhead (about 6%),
academic programs and student services (about 4%), etc. |
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| When are Annual Fund gifts due? |
| The Annual Fund contribution deadline is June 30. To ensure that
you are properly recognized in the school's Annual Report published
in September, please make your gift by May 31. Furthermore, since
costs of an annual appeal are significant—printing, mailing,
record keeping, and follow-up must—we ask you to respond quickly
to reduce our costs. Decide on what level you want to support the
school annually and help us by sending in your donation without prompting. |
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