ABC's of Annual Giving
What is Annual Giving?
Annual Giving is the total support received in a fiscal year from the Annual Fund, the Benefit (and other fundraisers like the Library Luncheon and Boutique), and Capital and Endowment fundraising efforts. Members of the Holy Child Community are encouraged to support all components of the School’s Annual Giving efforts.
- Unrestricted Gifts: Unrestricted gifts to the Annual Fund support virtually every aspect of school life. Most specifically: merit scholarship and financial aid; academic and extracurricular programs like the Italian Cultural Studies, guest lecturers, and school trips to places like Cape Cod and New York City; campus maintenance and enhancements; and faculty benefits, compensation, and professional development.
- Restricted Gifts: Restricted Annual Fund gifts support specific needs within a fiscal year and can only be designated by the donor. Some examples include: Smartboards, microscopes, tickets to Broadway shows, team uniforms, iPads, Steelcase classroom furniture, and 3-D printers.
BENEFIT AND OTHER EVENTS
The annual Benefit, along with other key fundraising events like the Library Luncheon and Boutique, help support the Annual Giving goals of the School. Support of these events is integral to supporting unrestricted operating expenses of the School. In recent years, at the Annual Benefit, there has been a DONATE NOW component, which supports a specific need or initiative that would immediately impact the School and our girls. Support of the Benefit and other fundraising events in addition to the Annual Fund is encouraged.
CAPITAL AND ENDOWMENT FUNDRAISING EFFORTS
Above and beyond Holy Child’s need for annual operating support is its need to plan and provide for the School’s long-term financial health. The operating budget does not address the need to establish and grow an endowment and expand and develop the campus. A donor’s support and commitment to Holy Child’s capital and endowment efforts will enable the School to address those needs. Donors are encouraged to make their gift decisions with the intention of maintaining their support of both the Annual Fund and the Benefit
Other Types of Giving
Many employers sponsor Matching Gift Programs and will match charitable contributions made by their employees, retirees and/or their spouses. To determine if an employer has a matching gift policy contact the Human Resources Department. Through an employer’s Matching Gift Program a gift can double or even triple in size and increase a donors support of the School.
A life income gift allows a donor and/or a beneficiary to retain income from the assets donated, take a federal income tax deduction for a portion of the gift value (depending on the terms of the gift) while also eliminating the capital gains tax on gifts of appreciated securities or real estate. By making a planned gift a donor becomes a member of The Laurentia Society. The Laurentia Society is named in honor of Mother Mary Laurentia Dalton, SHCJ ’20, the first member of the Society of the Holy Child Jesus to be sent to West Africa in 1930, as well as the first American Superior General after Mother Cornelia Connelly, Holy Child’s founder.