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Why does the school have an
Annual Fund?
The Annual Fund supports operational expenses, enabling Saint Anthony Catholic
School to slow the rate of tuition
increases. Historically, the Annual Fund
reached out to only the Alumni of the school. This year we will be
reaching
out to all school families and Alumni.
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Are contributions
tax-deductible?
The contributions to the Annual Fund are tax-deductible because no goods or
services are rendered.
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How does the Annual Fund
differ from other fundraising such as the Festivals, Raffle and Home and
School Association efforts?
Annual Fund contributions are
"unrestricted". The tax deductions are attractive to many donors, and
contributions to the Annual Fund may qualify for Matching Gift contributions
from major corporations. Special events fundraising
such as the Festivals, Technology Raffle and other special socials, help to
build school community while raising money. These major
events reach outside
our parent community to seek support with donations in-kind and sponsorships.
The funds raised at
these special events are directed to school programs and
curriculum enhancement, such as technology.
Fundraising with the Home and
School Association involves gift-wrapping sales, retailer customer cards
(Script), and social nights, etc. The funds from these efforts are
specifically managed by HSA to support curriculum enrichment and spiritual
life. The participants of these events receive a value for their purchase (S.P.I.R.I.T.
Program) while the school raises money to support the curriculum.
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What exactly does my
tuition payment cover? Can't we put all costs into the tuition and eliminate
all the fundraising?
School tuition normally covers
the direct operating expenses of the school, which includes salaries,
benefits, building maintenance, utilities, student support, books and
supplies. The Saint Anthony School tuition covers
approximately 75%
of the cost to educate each student.
As a part of our mission,
Saint Anthony Catholic School has a sense of responsibility to the
Gospel values. To have all costs put into the tuition would create an undo
burden on our families. We work together as a Christ-centered community to
share the financial burden. The families that can support the Annual Fund make
it possible to keep the tuition at a level to be manageable for all. Those
parents that do wish to pay the full tuition may do so as outlined in the S.P.I.R.I.T. Program.
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Does Saint Anthony Catholic
School receive any benefits from the Archdiocese of Hartford?
Saint Anthony School receives some money from the Hartford Archdiocese.
We are very grateful for their continued support.
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How do I find out if my
employer matches donations to Saint Anthony Catholic School?
The best way to find out is to contact your Human Resources Department or
visit the company website for detailed information. Once you receive your
matching gift form from your employer, complete the employee section of the
form
and the Development Office will complete the form with all the necessary
documentation. Many corporations offer
volunteer service contributions in addition to matching gift donations. Please
contact your Human Resource Department or visit the company website.
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Will Saint Anthony Catholic
School accept stock donations?
Yes! Many times the gift of appreciated stock offers tax benefits to the
donor. The donor can take a charitable tax deduction for the current fair
market value of the stock, and the donor avoids the capital gain tax on the
appreciation. Please consult
with your tax advisor for the exact tax
savings for your situation.
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How much should I give to
the Annual Fund? What do most people give? How does a contribution make a
difference?
Giving is a personal decision.
Each family gives accordingly. If your family can contribute more than the
average, we
recognize contributions of $1,000 or more as part of the Fr.
Settimio Crudele Circle.
The most important aspect of
the Annual Fund is that all Alumni and families participate. The goal for
family participation is 100%, which is an indicator of a very healthy school
community. A contribution of any amount is appreciated. It is important to
note that family participation in the Annual Fund is a standard criterion when
applying to foundations for grants. We have
a much better chance at receiving
a grant, when we can show that our families support these types of funds.