2024/2025 Financials What is the difference between Park's Annual Fund and other donations to the school? Park's Annual Fund is vital to the school's operating budget, as tuition alone does not cover the true cost of educating each of our students. All independent schools are alike in this need. About 10% of our expenses are covered each year by gifts to the Annual Fund, and these gifts are used for tuition assistance and scholarships, enhancements to our academic programming, and upkeep of our 34-acre campus. Park's Annual Fund runs from July 1 through June 30 each year and includes support from alumni, parents and grandparents of current and past students, faculty and staff, trustees, former faculty, neighbors, and friends of Park and includes a wide range of gifts, as demonstrated in this report. Does Park have an endowment? Yes! Park's endowment consists of named funds supporting individual donor interests in scholarship, faculty professional development, the arts, and the campus, as well as unrestricted funds. These funds are invested with Bernstein Private Wealth and managed by Park alum Max Rosen ‘01 to benefit Park by generating earned income to contribute to our operating budget. Growing the endowment builds a stronger foundation for future generations of Park students, families, and faculty. What is Planned Giving? At Park, becoming a planned giving donor makes you a member of the 1912 Legacy Society. Planning ahead for a future gift - through bequests, trusts, retirement funds, life insurance, and other estate planning instruments - helps to provide for Park's future and to achieve charitable goals including lowering capital gains and other taxes. NOTES ON CHARITABLE GIVING AT PARK 35
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