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- Annual Fund
St. Pius X relies on Annual Fund contributions to support the current year’s budget. The 2014-2015 Annual Fund will be used in its entirety to help cover the difference between the tuition per student and the actual cost to educate each student. Our 2014-2015 Annual Fund goal is to raise $750,000 and to increase participation in all of our constituent groups.
The support we receive will help our community achieve those objectives. This year, we have split the total goal into four sections, and are asking our current parents to pull together to raise $480,000, our alumni to raise $125,000, our parents of alumni to raise $110,000, and our grandparents to raise $35,000 in donations.
The 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 X. Annual Fund gifts, which are unrestricted (allowing the school to determine their use), relieve the burden on tuition and assist with the daily needs of St. Pius X.
Why does St. Pius X 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 85 percent 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 X is subsidized. Without the Annual Fund, St. Pius X would have to dramatically raise tuition or undertake steep budget cuts.
Who is asked to participate in the Annual Fund?
The entire St. Pius X community—alumni and alumnae, parents of alumni, faculty and staff, grandparents of current students and alumni, and friends—are invited to participate in the Annual Fund. Solicitation letters and pledge envelopes are sent to all constituents in the fall.
Another way to give is through your company’s matching gift program. Last year, we received nearly $50,000 in matching gifts. More information regarding this program is available here.
How are Annual Fund dollars used?
Annual Fund revenues are a part of the budgeted general operating revenues of St. Pius X. They are not “bonus dollars.” St. Pius X must have these monies to keep from operating at a deficit. To the extent Annual Fund donations exceed the budgeted amount; they will be used to address other fiscal needs of the school as determined by the principal.
When are Annual Fund gifts due?
To ensure that you are properly recognized in the school's Annual Report published in the fall, please make your gift by May 31. Pledges and final payments for Annual Fund contributions are due no later than June 30.