Annual Fund

“In whom are hid all the treasures of wisdom and knowledge” - Colossians. 2:3

Your support and participation in the Annual Fund is vital for Prince Avenue Christian School to continue its mission.  The Annual Fund is a yearly campaign that supports the school’s operating budget. 

Your once-a-year contribution helps to bridge the gap between tuition and the true cost of educating a student.  Your tax deductible gift to the Annual Fund keeps our tuition reasonable. 

While we are excited about tomorrow’s needs, we cannot overlook today’s requirements.  We first ask our Board and Faculty/Staff  to support the Annual Fund first before we reach out to our current families and the community.  Strong continued participation by all PACS parents, grandparents, faculty, and alumni will continue to be a critical step in gaining outside support from foundations and corporations.  Every gift is important to us.  Maximizing participation is our goal and you can help with a gift of any size.

Thank you for your generosity and continued dedication to Prince Avenue Christian School…it’s a Wolverine Tradition.

Give Every Year.  Make a Difference Every Day.

The deadline for receiving gifts for this year’s annual fund is June 30.

Prince Avenue Christian School is a 501 (c)(3) non-profit institution. 

 

Annual Fund Questions and Answers

Q: What is the Annual Fund?

A: The Annual Fund covers the gap between tuition and the actual cost of educating a student at Prince. Tuition covers about 98% of our expenses. The balance of our needed income comes from the Annual Fund, which provides the largest source of that income.

Q: Why doesn’t tuition cover the full cost of educating each student?

A: To cover the actual cost of educating a student would require a significant tuition increase. Such an increase would violate one of Prince Avenue Christian Schools core values; enrollment reflecting the racial, ethnic, and economic diversity within the body of Christ. Prince, like other private schools, generates its funding from a variety of sources. These include tuition, private grants, and fundraising from parents, alumni, and other community members. Tax-deductible donations to The Prince Avenue Christian School Annual Fund directly offset the current year’s operating budget, thus reducing each student’s annual tuition cost and encouraging a diverse student body.

Q: Why don’t we do fundraisers instead of the Annual Fund?

A: Instead of asking students to become “salespersons” in their neighborhoods, PACS seeks voluntary gifts to our Annual Fund. Families support Prince because they believe in the school’s mission to be a Christ-centered, college preparatory school. The amount contributed through our annual fund is far greater than a school would ever raise selling products.

Q: How is the goal for the Prince Avenue Christian School Annual Fund determined?

A: Based on enrollment and budget, the “gap” determines our Annual Fund goal after taking into account all of our sources of revenue. Enrollment and tuition revenue goals determine the potential operating costs for the new school year. Once school begins, actual enrollment and tuition revenue plus an estimate of other income establishes the expected revenues. This budget process sets our goal for the annual fund to bridge the gap between expected revenues and budgeted operating costs.

Q: How much am I expected to give?

A: As you are able. On average, Prince Parents contribute $1,200 ($100 a month) to the annual fund each year. Annual Fund gifts range from $25 up to gifts of $10,000 and above.  If everyone gives as they are able, we can always reach our goal.

Q: Will a small gift make a difference?

A: Yes! Prince Avenue Christian School needs your participation. While the dollar goal is very important to meeting the annual budget, high participation rates (at any level) help Prince receive foundation grants for capital campaigns.

Q: How do I make my gift?

A: You can make your pledge or gift by mailing a check to our Development Office or by clicking here to access the giving page of our website.

Q: Can I designate my gift to a specific area at Prince Avenue Christian School?

A: We ask that Annual Fund gifts be undesignated. The Annual Fund is part of the school operating budget.  However, there are times when exceptions can be made for unique opportunities.

Q: What is the matching gift program?

A: Many employers have matching gift programs which will match your gift with company funds. The Prince Avenue Christian School Annual Fund qualifies for these matches as an educational institution. Check with your employer to see if your company participates in this program.

Q: Will my gift be tax-deductible?

A: Yes. Prince Avenue Christian School is a 501(c)(3) not-for-profit organization.

Q: What is Prince Avenue Christian School’s tax ID number?

A: PACS tax identification number is 01-0548823

Q: What is the difference between Annual Fund and Capital Campaign?

A: Gifts to a capital campaign allow us to build facilities, add programs, and develop the future of Prince. Capital campaign gifts are restricted to the specific purpose of the associated campaign. Annual Fund gifts by definition are unrestricted, and fund the intentional gap between actual costs and tuition for each school year.

Q: When should I give?

A: While the Prince Avenue Christian School Annual Fund accepts gifts throughout the year, your early gift or pledge helps the school with its budgeting and cash flow. We ask families to indicate their commitment by December 31. Payment on Annual Fund pledges is due by the end of the school year, June 30.

Q: How often will I be contacted?

A: You will be contacted as often as necessary to secure your participation. In addition to the financial goal, there is also a goal of 100% parent participation. This helps us greatly when we make foundation grant requests.  The best gift you can make is an early commitment and prompt payment.

Q: Does the Apogee scholarship tax credit count as my Annual Fund gift?

A: No. The program provides a dollar-for-dollar tax credit to people or corporations who donate to scholarship funds earmarked for use by a specific private school. The Apogee Tax Credit Program restricts the use of these funds. Prince Avenue Christian School must use the money to offer tuition aid to a public school student seeking enrollment. Annual Fund gifts by definition are unrestricted.

Q: Why aren’t activity fees and booster club membership dues considered annual fund gifts?

A: Items such as activity fees, Fine Arts ads, and Booster Club dues do not meet IRS guidelines for 501(c)(3) tax deductibility due to the direct value received in return. Gifts to the Annual Fund are tax-deductible and they are used to minimize the fees and expenses associated with our students’ education.