Annual Fund Giving

February 28, 2013

Annual Fund, Parent Blog Posts

Many of you may ask yourselves: why am I being asked to give more money to Tower when I already pay a significant amount in tuition? When I first moved to this country I was new to the concept of giving to an Annual Fund.  In the UK, my high school only started asking parents and alumni for donations in recent years, and my college has never asked me. For those of us new to independent schools, there is surely a learning curve as we discover what it takes to provide an excellent education. For me, I have learned much of this through my husband, Taylor, as he contributed to his high school and university. He has helped me understand that many of the components that we valued as students and now value as parents exist because of an annual fund.  The reality is it takes more than tuition.

There is a gap between the cost of educating a child at Tower and the tuition that we pay. The Annual Fund pays for 5% of operating costs. Rather than raising the tuition further—something that affects parents alone in the majority of cases—or cutting down on some of the things that make Tower fabulous, the Annual Fund helps to fill the gap by calling upon the entire Tower community: current parents, grandparents, former parents, faculty, and alumni. Plus, it’s a tax advantaged way to support your child’s education, unlike tuition, and that is always helpful. It means a lot for the school to be able to indicate that a high percentage of the school community donates to the Annual Fund each year. As an indicator of satisfaction, high participation rates are very important to prospective families and faculty.

Perhaps, most importantly, your support demonstrates to your child or children the commitment you are making to their great education.

Thank you very much to all who have already made a gift to the Annual Fund.  If you have not yet taken the opportunity to do so, please join Taylor and me in doing so.

Sincerely,

Pat MilnerTower Parent

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About Tower School, Marblehead MA 01945

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