FAQs about the Annual Fund
What is Annual Giving?
Annual Giving is GFS’s top annual fundraising priority. The funds raised are unrestricted, and comprise about 4% of the school’s current operating budget. Each year, all members of our community (parents, faculty, staff, School Committee members, alumni, grandparents, and friends) are asked to make a tax-deductible gift to the GFS Annual Fund. The money raised through Annual Giving ensures GFS has the necessary resources (faculty, facilities, financial aid, technology, and program support) to sustain the wonderful educational experience that we value so deeply.
Do all independent schools fundraise?
Yes, all independent schools fundraise. Tuition is the "price tag" for an independent school education, but it is not the true cost.
Why is Annual Giving so important? What does it fund?
Tuition covers about 80 percent of the school’s annual budget; Annual Giving impacts every part of our community—faculty and staff recruitment and retention, academic programming, technology, athletics, visual and performing arts and music, the socioeconomic diversity of our community, and more.
Why doesn’t GFS simply raise tuition to cover the true cost of a GFS education?
GFS endeavors to maintain tuition rates that are comparable with peer schools and kept at a level that makes an independent school education possible for a wide scope of families with varying economic circumstances.
How much am I expected to give?
We ask that you contribute at a level that is personally meaningful and that makes sense for your family. Your gift at any level is greatly valued and makes an impact at GFS.
Is my gift tax-deductible?
Yes, Annual Giving donations are tax-deductible.
May I set up a monthly, recurring gift to maximize my family’s contribution?
Yes. Please contact Annual Giving Manager Amanda Reath or call 267-323-3552 for more information. See more about recurring gifts here.
Why is my participation so important?
Your gift is a powerful vote of confidence in the school and its mission. In addition, high Annual Fund participation is a benchmark used by foundations and outside funders when deciding which of the many worthwhile schools will receive their financial support.