The Kings Annual Fund: Why is an Annual Fund So Important?
An Annual Fund is an organized effort to obtain gifts on a yearly basis to support, at least in part, general operations of a nonprofit organization. We are very excited about the official launching of theKings Annual Fund. Thank you for your interest in supporting both the students and legacy of Victory Christian Center School.
Did you know that tuition and other fees cover approximately 89% of the annual operating expenses of the school? The purpose of the Annual Fund is to help bridge this gap. In most cases, Annual Fund contributions are essential to the day to day operations of the school, and are tax-deductible for the donor. These funds help fill the gap in the operating budget per student that is not covered by tuition and other fees. They help to pay for everything that facilitates the teaching in the classrooms, like instructional materials and equipment, facilities and utilities, and faculty and staff salaries.
The Kings Annual Fund dramatically impacts the school’s operating budget outside of the tuition cost of each student. While this institution’s annual fund is not mandatory as it is at a great majority of other independent schools, parents, extended family, faculty, staff, alumni and local area businesses are all welcome to contribute towards this fund. The gifts received through this fund help to make our school’s immediate needs and priorities a reality. It also helps to provide a more steady flow of income towards opportunities for advancement, enhanced school spirit and essential programs and activities that benefit the school directly.
What are some additional benefits towards giving towards the fund?
No independent school could charge the full cost of educating its students without pricing itself out of the market. That’s why many independent schools have an Annual Fund. In addition, tuition is a non-tax-deductible contracted contribution to the school, while gifts to the Annual Fund are fully tax-deductible.
How much should I give?
You are the only one who knows how much you are able to give, and we ask only that you give to the best of your ability. Simply click below to make your commitment; signing up is easy and only takes a few minutes. We appreciate your gift and see it as a clear sign of your commitment and confidence in the mission and legacy of Victory Christian Center School.
Levels of Giving
Contribution commitments may be paid on a weekly or monthly basis or given in one lump sum throughout the 10-month academic calendar of October through July (for ex., if you are pledging a $500 commitment under the “Kings Society” and wanted to give on a monthly-basis, you would be giving a total monthly gift of $50 during the 10-month period, which totals $500—>$50 x 10 = $500).
Make a Match
Stretch your gift to the next level! Many employers will match charitable donations by their current or former employees. Check with your human resources department to see if they can help increase your gift to Victory Christian Center School.