The average tuition falls about $2,500 short from the full cost of educating each student at Benjamin. The Annual Fund bridges that gap and runs in conjunction with the School's fiscal year of July 1-June 30. Gifts to the Annual Fund are a critical part of the School's operating budget every year.
We ask our families to give to the best of their ability and at a level that demonstrates the value placed on an exemplary education. The value of leadership-level gifts, however, cannot be underestimated. Gifts at the leadership level ($3,000 or more) account for over 85% of the support received.
In September, you will receive the Annual Fund brochure and a benefactor response form. The brochure describes in detail how your gift will impact the operating budget. Shortly afterwards, volunteers make follow-up phone calls to those who have not donated or pledged to the Annual Fund to answer questions and encourage participation.
High participation signals institutional strength and school pride. It also means that more individuals are sharing the financial responsibility to support the School. Across the nation, independent school families are making it clear that they understand the need to support schools to the best of their ability. No matter what you give, we always strive for 100% participation because it shows all families support the School.
As is the case with most independent schools, tuition does not cover the total cost of educating each student. Contributions to the Annual Fund make up the difference needed to cover the actual cost of operating the school. Augmenting tuition through charitable gifts helps keep tuition at a competitive rate and provides many important programs and improvements that are essential to our mission. It's also a way for you to receive a deduction on your income tax, to the extent allowed by law.
Gifts of cash/checks are the most common and efficient way to donate. Gifts of appreciated securities have beneficial tax implications. Please contact the Advancement Office at 561.472.3452 for more information. Visa, MasterCard, Discover and American Express credit cards are accepted for gifts, and the Benjamin website can process secure transactions for these donations. (Please be aware that by using a credit card to make your donation, the School incurs a fee of 2.75% - 3.00%.) Gifts can be pledged depending on the timeframe and designation. All Annual Fund gifts to The Benjamin School are tax-deductible based on the school's 501(c)(3) charitable status.
"We recognize that our gift to the Annual Fund helps bridge the gap between tuition dollars and the actual cost of the exceptional opportunities provided our students.It is important to us to support the faculty,staff, facilities and programs that are dedicated to helping all students realize their full potential."
Darren and Sierra Lowe
2018-2019 Annual Fund Parent Chairs
More Ways to Give
There are many ways to support The Benjamin School in addition to the Annual Fund, BASH Gala and capital gifts. To learn more about bequests, endowment and memorial gifts, please contact our Chief Development Officer Juan Carlos Fanjul '93 at JuanCarlos.Fanjul@TheBenjaminSchool.org or 561.472.3480.
Donors may choose to include The Benjamin School in their estate plans through a bequest. The School can be named in the donor's will to receive a specific amount or a percentage of the residue.
Endowment is the financial foundation of an independent school like Benjamin. Rather than being used for immediate needs, endowed funds are invested under guidance from the Board of Trustees; the earnings on these investments provide a stable, ongoing source of funds to the school.
Strong endowments enable schools to endure fluctuations in enrollment and market demand by diminishing dependence on tuition revenue. While Benjamin’s annual operating expenses are primarily met through tuition and gifts to the Annual Fund, the School’s endowment provides long-term financial security. Contributions to our endowment enable mission-driven decisions to be made that continue Benjamin’s legacy of academic excellence.
Gifts can be made to The Benjamin School to honor the memory of someone associated with the school in any way- student, alumni, faculty, staff, friend.
A premier PK3 - Grade 12 independent, coeducational day school with campuses in North Palm Beach and Palm Beach Gardens. Since 1960, The Benjamin School has provided a challenging college preparatory education to a diverse student body in a structured, nurturing community environment.