sch culture of generosity
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CULTURE OF GENEROSITY
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.
SCH AND PHILANTHROPY
Philanthropy connects people to SCH in a deeper way and makes the community stronger.
Springside Chestnut Hill Academy Culture of Generosity2 3
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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Support for SCH comes in many ways. Two ways are the gift of time and generous investment.
VOLUNTEERVolunteering 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
• Be a mentor in the Sands Center for Entrepreneurial Leadership’s Venture Incubator program
• Make calls for The SCH Fund
• Help Players with their annual drama productions
INVESTPhilanthropy 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:
• The SCH Fund (unrestricted annual giving)
• Gifts for the endowment
• Resources for facilities
• 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.
THE SCH FUNDThe 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!
VOLUNTEER AND INVEST
• Innovation
• Learning in powerful new ways
• Sustainability
• Rigorous curriculum
• Entrepreneurial mindset
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!
Innovation
Entrepreneurial
Learning
Curriculum
Sustainability
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AT A GLANCE- INDEPENDENT SCHOOLFUNDRAISING
WHAT IT IS FREQUENCY WHAT IT DOES WHAT IT FUNDS REAL LIFE EQUIVALENT
Retirement plan
Supplements annual expenses and priorities not covered by tuition
All aspects of SCH including educational technology, classroom supplies, and extracurricular activities
A checking account
Funds buildings and renovations not covered by tuition
Brick-and-mortar projectsPutting an addition on a home you already own
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
Funds special unbudgeted items and programs
Surprise needs in specific areas of school life
A gift for something you could not otherwise afford
Help ensure SCH’s financial future
Endowment or donor’s choice
The Annual Fund
Capital Improvements
Endowment
Special Interest Giving
Legacy Giving
Every year
Periodically
Periodically
As donor feels moved to
participate
Once in a lifetime
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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.
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 tax-deductible in accordance with tax laws.
THE SCH FUND FAQS
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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WAYS TO GIVE
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. By Mail – Checks or pledge forms can be mailed to Springside Chestnut Hill Academy, Development Office, 500 W. Willow Grove Avenue, Philadelphia, PA 19118. In Person – The Development Office is located on the second floor of the Wissahickon Inn above the Henry Library. Gifts of Stock – Instruct your broker to make an electronic gift using the following delivery instructions:
The McLean GroupUBS ServicesAttn: Lisa Sweeney, Client Service [email protected]: 0221Act: VQ-23558
All gifts to Springside Chestnut Hill Academy are tax-deductible to the fullest extent of the law. Tax ID/EIN: 23-1352681
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.
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.
THERE ARE SEVERAL WAYS TO MAKE A GIFT:
Contact – If you would like to learn more about philanthropy at SCH or discuss how to make a gift, please contact:
Cindy MesserleDirector of The SCH [email protected]
Lynn BurkeAssociate Director of The SCH [email protected]
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n Instructional Payroll & Benefits $15,527,226
n Financial Aid $7,369,433n Academic Program $2,760,550n Administration $5,578,745n Physical Plant $2,991,789n Debt Service $1,081,832
Total $35,309,575
SCH Expenses FY 14-15
n Tuition $31,150,038n The SCH Fund $1,550,336n Temporary
Restricted Gifts $34,764n Auxiliary Programs $867,859n Investments
& Endowment $1,780,053
Total $35,383,050
SCH Revenue FY 14-15
88%
4.4%5.0%
0.1%2.5%
44%
20.9%
7.8%
15.8%
8.5%3.1%
* These numbers reflect a surplus however please note that depreciation is not included in the expenses.
WWW.SCH.ORG
500 West Willow Grove Avenue | Philadelphia, PA 19118 | 215-247-4700