A Guide to Giving & Getting Involved, 2023

A Guide to

Financial Overview

Summit is committed to prudent ﬁnancial planning. As an independent school, Summit receives no ﬁnancial support from federal, state, or local governments. The sole sources of revenue are tuition, charitable gifts, income from invested reserves, and proceeds from special activities and events.

Like all independent schools, Summit must raise additional funds beyond tuition revenue to balance the budget and provide for the future. Even families who pay full tuition receive a subsidy of approximately $2,300 annually toward their child’s education. Your ﬁnancial support to The Summit Fund allows the school to continue to provide a ﬁrst-rate education for students while keeping tuition increases modest.

Within a school year you will have many opportunities to give. Your participation is essential to the success of our community.

Educating a child requires:

Since its founding in 1933, each Summit School family has played an important role in the school communit y. Summit parents share the responsibilities of meeting the school’s educational goals and ensuring a soundly governed and ﬁnancially healthy institution.

Summit encourages parents to actively participate in daily school life and provide ﬁnancial support beyond tuition. Through volunteer opportunities, special events, and fundraising e orts, the school provides a variety of ways to become involved.

Giving Opportunities

The Summit Fund is the primary way for alums, parents, grandparents, past parents, and friends to support the annual operations of our school. By giving, you help Summit take advantage of mission-driven, real-time innovations that keep a Summit education dynamic— both in and out of the classroom. Annual participation is strongly encouraged.

Onward & Upward Society

Summit Stars

1933 Council

Founders’ Society

Head’s Team

Pioneer Circle

Matching Gifts

Futrell Friends

Lewis Legends

Adams Architects

Summit Supporters

Collegiate Honors

Eagles’ Nest

$500-$999

$250-$499 up to $249

Alumni in College

Alumni in High School

Make your gift go twice as far! Matching gifts from your employer are a great way to leverage additional dollars to support Summit. Please check with your company to see if they can assist you with this process. Remember that gifts from spouses and retirees may also be eligible.

Summit’s planned giving society, Patrons for Tomorrow was established to recognize those who have made provisions for a planned gift to Summit School. There are many ways you can leave a lasting legacy and ensure that Summit remains strong for generations to come.

Invested Reserves (Endowment)

Summit’s endowment funds, established in 1959, have grown to more than $16,500,000 and generate $800,000 annually for the operating budget. The Board’s policy is to spend 5% of a three year rolling average of the value of the endowment for operations. Gifts to the general endowment fund are always welcome; additionally a gift of $50,000 or more can establish a permanent, named endowment.

$20,000+ $10,000-$19,999 $5,000-$9,999 $3,000-$4,999 $2,300-$2,999

$1,000-$2,299

Getting Involved

Parent Engagement

Summit o ers a variety of volunteer opportunities that coordinate enrichment and fundraising activities to beneﬁt all Summit students. These activities provide assistance to classroom teachers and sta as well as ﬁnancial support through “fun raisers” such as school pictures, the Back to School Bash, May Frolics, and the biennial Gala. Proceeds from these activities are used for special projects throughout the entire campus.