Gifts to the Annual Fund go toward supporting school operations in the current fiscal year. Every year, over 90% of parents support the Gateway Annual Fund with important unrestricted gifts. Tuition alone does not fully cover the expense of a Gateway education—particularly in light of Gateway’s small classes, high teacher-to-student ratios, and strong commitment to financial aid. As with all independent schools across the country, tuition is kept below actual costs so that the broadest range of families can attend the school. The difference is made up in charitable giving from the wide range of families who attend the school.
Each year volunteers lead the Annual Fund drive to make up the difference between tuition and the actual costs of a Gateway education. Solicitations begin in September. Every gift, no matter what the size, is significant. If you make only one gift this year to the school, please send it to the Annual Fund. Your pledge or gift during pledge week eliminates continued solicitations throughout the year.
Matching Gifts – Ask if your employer will match your donation. Many companies have this option.
How to Give Cash
The most straightforward gifts are tax-deductible gifts of cash to our Annual Fund. These gifts may be given all at one time or on a monthly or quarterly basis. We ask for annual fund gifts and pledges each fall, and gifts and/or pledge payments are accepted at any time during our July 1 to June 30 fiscal year.
Gifts of appreciated assets (such as stock) may, through their tax-advantaged status, allow a donor to make an even greater impact on school programs than would be possible by writing a check. Some of our larger gifts to the annual fund, as well as substantial targeted gifts, come in this form.
Targeted Giving or Restricted Gifts
In making these special gifts, donors go beyond their annual gifts to make a substantial contribution to a specific program or purpose. Our student computer labs, our comprehensive Arts program, and our Science curriculum review and revision are examples of how targeted gifts can transform the school.
Gifts to endowment are a way to protect the future of Gateway. The principal of such gifts remain intact and, in fact, grows while a small percentage of the interest income, or earnings, supports school programs and needs. You may choose between the Hannelore Herbig general endowment fund, named after the school’s founder, and the Financial Aid endowment fund. You may also contact the Development Office if you have an interest in establishing a new endowment fund.
Bequests are the simplest of planned gifts. By naming Gateway School in your will, you can make a gift which assures the future of independent school education. Bequests can be placed into endowment so that their impact is a legacy to the future. There are many planned giving vehicles by which a family can donate funds for Gateway. Please notify the Development Office at any time if you want to include Gateway in your will or discuss planned giving.
Items or professional services that are necessary to the operation and advancement of the school are considered gifts-in-kind. Past gifts include auction items, gifts of tools to Life Lab, and services such as architectural planning. Gifts- in-kind are appreciated throughout the year.