CULTURE OF GENEROSITY
SCH
AND PHILANTHROPY Springside Chestnut Hill Academy (SCH) offers a rigorous college preparatory program that delivers an unparalleled academic experience, and it is all because of you. Springside School, Chestnut Hill Academy, and now SCH families have invested in the future of our school for more than 150 years to ensure the very best education for our students. Giving is an integral part of the success of at SCH. Our community members give selflessly of their time, talents, and resources to make SCH what it is today: a school with high standards, strong values, and happy, hardworking students. Our students reflect a generous spirit because the adults in their lives model philanthropic behavior. Simply put, philanthropy connects people to SCH in a deeper way and makes the community stronger. You make this possible.
As a graduate, parent, faculty member, and former board member, I have had the opportunity to see the results of donations to The SCH Fund from almost every perspective. I have been able to see the impact donations have on the programs we deliver to students every day, especially the special or unusual programs that have such a profound impact on the kids. Without the generous support of The SCH Fund, our program simply would not be as diverse and exciting as it is. – Peter G. Randall ‘69, P’16, P’18
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Springside Chestnut Hill Academy Culture of Generosity
Philanthropy connects people to SCH in a deeper way and makes the community stronger. 3
VOLUNTEER AND INVEST Support for SCH comes in many ways. Two ways are the gift of time and generous investment.
VOLUNTEER Volunteering at SCH can take many forms: • Volunteer for Parents Association events and activities • Examples include Homecoming, Camp Fair, Book Fairs, and more • Be a class parent
THE SCH FUND The SCH Fund provides unrestricted annual funding that supports the student experience such as professional development for faculty, classroom resources, the arts, athletics, scholarships and financial aid, and more. These gifts make the SCH experience a reality and take us from good to great!
Innovation
• Be a mentor in the Sands Center for Entrepreneurial Leadership’s Venture Incubator program • Make calls for The SCH Fund
Sustainability
• Help Players with their annual drama productions
INVEST
• Innovation
Philanthropy is the lifeblood of all non-profit organizations, including independent schools like SCH. As with most independent schools, tuition dollars account for most, but not all, of the actual cost to educate your child. The investment your family makes in the School has a tremendous impact on our ability to sustain its exceptional faculty, programs and facilities. SCH solicits all current families, alumni, parents of alumni, faculty/staff, and friends of our community in support of every student’s education. The fundraising priorities for SCH include:
• Learning in powerful new ways • Sustainability • Rigorous curriculum
• The SCH Fund (unrestricted annual giving) • Gifts for the endowment • Resources for facilities
Entrepreneurial
• Entrepreneurial mindset
Curriculum
Learning
• Support for programs and curriculum Every gift, every year, in any amount makes a significant difference. Our hope is that all members of the SCH community will participate to the best of their ability.
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Springside Chestnut Hill Academy Culture of Generosity
The SCH Fund raised $1,581,505 in 2014-2015, representing approximately 6% of the school’s annual budget. Last year 52% of gifts received were $100 or less—you can make a difference!
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AT A GLANCE-
INDEPENDENT SCHOOL
FUNDRAISING WHAT IT IS
WHAT IT DOES
WHAT IT FUNDS
REAL LIFE EQUIVALENT
Every year
Supplements annual expenses and priorities not covered by tuition
All aspects of SCH including educational technology, classroom supplies, and extracurricular activities
A checking account
Capital Improvements
Periodically
Funds buildings and renovations not covered by tuition
Brick-and-mortar projects
Putting an addition on a home you already own
Endowment
Periodically
Takes the pressure off the operating budget and tuition
Salaries and benefits, faculty development, enrichment programs, and financial aid
An investment account that produces dividends or interest
As donor feels moved to participate
Funds special unbudgeted items and programs
Surprise needs in specific areas of school life
A gift for something you could not otherwise afford
Once in a lifetime
Help ensure SCH’s financial future
Endowment or donor’s choice
Retirement plan
The Annual Fund
Special Interest Giving
Legacy Giving
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FREQUENCY
Springside Chestnut Hill Academy Culture of Generosity
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THE SCH FUND FAQS Why is participation so important? All gifts of every size matter. Your participation sends a strong message about your confidence in our school and the education your children are receiving. Last year, 100% of The Board of Trustees and 96% of the faculty and staff supported the SCH Fund. In addition, your commitment speaks volumes to prospective families, foundations and corporations who gauge their interest in supporting our school on the overall parent participation rate. Who is asked for gifts? Everyone in the school community is asked: trustees, parents, alumni/alumnae, parents of alumni/alumnae, grandparents, as well as faculty and staff. What is the difference between The SCH Fund and other types of giving? Gifts to The SCH Fund are spent during the fiscal year they are given. Gifts to the endowment are invested and the interest from that investment is spent. Restricted gifts are spent on specific funds designated by the donor.
We are thrilled to support the fantastic teachers who educate our children and the amazing facilities SCH has to offer. Unique programs like the steel drum band, the state-of-the-art squash courts, and the amazing golf team are all made possible by The SCH Fund. We are grateful for all SCH does for our children and happy we can give back. – Graeme and Becky Frazier P’11, P’13, P’22
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Springside Chestnut Hill Academy Culture of Generosity
Why does SCH ask for a gift to The SCH Fund since I’m already paying tuition? Tuition alone does not cover the actual cost to educate each student. We rely on the generosity of our parents, alumni, faculty/staff, trustees, and the entire SCH community to help us provide a superior education. Does a gift made through EITC/OSTC count as an annual fund gift? Yes! Through EITC/OSTC (Educational Improvement Tax Credit/Opportunity Scholarship Tax Credit) eligible businesses/entities can receive a tax credit against their PA state tax liability for making a contribution to SCH. Will my gift be eligible for tax deduction? Absolutely! Your gift to The SCH Fund is fully taxdeductible in accordance with tax laws.
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COST OF EXCELLENCE Other than tuition, The SCH Fund is our only source of immediately available, flexible funds. Therefore, a robust annual fund is crucial to the financial health of the school. The majority of our resources support our faculty, staff, and students. Programs, curriculum, technology, and facilities will change over time, but people remain our greatest investment. SCH Revenue FY 14-15
SCH Expenses FY 14-15
2.5% 0.1% 4.4%
5.0%
8.5%
3.1%
15.8%
44%
7.8% 88%
n Tuition n The SCH Fund n T emporary Restricted Gifts n Auxiliary Programs n I nvestments & Endowment Total
$31,150,038 $1,550,336 $34,764 $867,859 $1,780,053 $35,383,050
n I nstructional Payroll & Benefits n Financial Aid n Academic Program n Administration n Physical Plant n Debt Service Total
$15,527,226 $7,369,433 $2,760,550 $5,578,745 $2,991,789 $1,081,832 $35,309,575
COVERING THE COST SCH could not operate without the assistance of current parents, alumni, grandparents, faculty, parents of alumni, and friends. Tuition revenue represents 80-85% of the school’s annual funding. The remaining 15-20% must come from other philanthropic sources.The SCH endowment, valued at more than forty million dollars, provides approximately $1.6 million annually to the school’s operating budget, which is equivalent to the funds raised through The SCH Fund.
Springside Chestnut Hill Academy Culture of Generosity
THERE ARE SEVERAL WAYS TO MAKE A GIFT: Online – To make a one-time or recurring gift online, visit www.sch.org/giving. By Phone – Most major credit cards are accepted. Contact Cindy Messerle at 215-261-6195.
Contact – If you would like to learn more about philanthropy at SCH or discuss how to make a gift, please contact:
By Mail – Checks or pledge forms can be mailed to Springside Chestnut Hill Academy, Development Office, 500 W. Willow Grove Avenue, Philadelphia, PA 19118.
Cindy Messerle Director of The SCH Fund 215-261-6195 cmesserle@sch.org
In Person – The Development Office is located on the second floor of the Wissahickon Inn above the Henry Library.
Lynn Burke Associate Director of The SCH Fund 215-261-6754 lburke@sch.org
20.9%
* These numbers reflect a surplus however please note that depreciation is not included in the expenses.
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WAYS TO GIVE
Gifts of Stock – Instruct your broker to make an electronic gift using the following delivery instructions: The McLean Group UBS Services Attn: Lisa Sweeney, Client Service Associate Lisa.sweeney@ubs.com 610-832-3054 DTC: 0221 Act: VQ-23558 All gifts to Springside Chestnut Hill Academy are tax-deductible to the fullest extent of the law. Tax ID/EIN: 23-1352681
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WWW.SCH.ORG
500 West Willow Grove Avenue | Philadelphia, PA 19118 | 215-247-4700