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Annual Giving2007-08 Headmaster's ReportAnnual Giving at St. Bernard's is an essential factor in balancing the school's budget. As in years past, the school anticipates operating expenses during the current academic year will exceed tuition income. This gap--the shortfall between tuition and expenses, which is approximately a $5,500 subsidy per boy this year--is covered by two sources: 1) annual giving contributions from parents, Old Boys, and friends, and 2) endowment income, to the extent necessary. A contribution to the St. Bernard's annual fund is tax deductible. Gifts to St. Bernard's can reduce the donor's income taxes while providing meaningful support for the school. Contributions may be made with checks, shares of stocks or mutual funds, or credit cards. The school's fiscal year ends on June 30th. Gift Categories Old Boys
Friends (Current and Past Parents, Grandparents, Faculty, etc.)
The Second Century Capital CampaignGoal: $30,000,000 Division of Funds
Gifts of long-term appreciated securitiesA contribution of stock can offer the donor a two-fold tax savings. A gift of long-term appreciated securities allows the donor to avoid paying any capital gains tax on the increase in value of their securities. Plus the donor will receive a tax deduction for the full fair market value of the securities on the date of the gift (the securities contributed needs to have been held by the donor for more than one year to garner the greatest tax savings). The value of your contribution and tax deduction usually will be equal to the mean price of the stock on the date of transfer. Click here for transfer instructions. For additional information please call Christina Evans, Director of Development, at (212) 289-8331. Gifts made with credit cardsSt. Bernard's accepts MasterCard and Visa for payment of annual fund gifts. To make a credit card contribution, please click on the Support St. B's button below: The Established Funds of the EndowmentEstablished through the generosity of trustees, Old Boys, parents, and friends of St. Bernard's School, the income from the following funds within the endowment provides support for scholarship, faculty, and educational programs. Funds for student scholarshipThe S. Pope Babcock '88 Fund, established in his memory in 1999 by his family and friends, provides general scholarship assistance. The Breit Scholarship Fund provides scholarship assistance on an annual basis. The Jonathan Dixon Memorial Fund provides general scholarship assistance. The Jenkins Prize & Scholarship Fund provides general scholarship assistance and a prize for a boy in eighth grade "who has achieved a good record, improving most faithfully against difficulties." The Scholarship Fund in honor of Betty Ketner, established in her honor in 2002 by Mr. and Mrs. Donald B. Marron, provides general scholarship assistance. The Fund for Minority Scholarships provides general scholarship assistance for minority scholarship students. The Edward Roberts Memorial Fund, established in 1981, provides general scholarship assistance. The Herbert and Yolande Scheftel Fund, established with a bequest in 2006, provides general scholarship assistance. The Special Fund for Minority Students, established in 1989, provides extra support for minority scholarship students. The Special Fund for Scholarship Students provides for extra support for scholarship students. The Tabor Memorial Fund provides scholarship assistance to a student in the eighth grade and also provides a prize watch to the eighth grade student who has the highest marks on a set of examinations. The Westgate Scholarship Fund provides general scholarship assistance. The Suzannah R. Wilkie Memorial Scholarship Fund, established in 1979, provides general scholarship assistance. Funds for the facultyThe Endeavor Fund for Faculty Development, established in 1999, provides support for the development of innovative teaching methods and curricular modifications by the faculty, including but not limited to faculty leaves for professional development. The Humphrey Fry Memorial Fund provides income to enhance faculty salaries. The Albert H. Gordon Fund, established in 1994, provides income for faculty travel and study. The Headmaster's Discretionary Fund, established in 1994, provides income for faculty and curricular development. The Arthur & Louis Heilbronn Faculty and Staff Fund, established in 1999, provides income for faculty. The Paul Klebnikov '77 Memorial Fund, established in his memory in 2005, provides income for faculty travel and study. The Magowan Fund in honor of Garrett McClung, established in 1987, provides income to enhance faculty salaries. The S. Forde Medina, Jr. Faculty Fund was established in his memory in 1999. The Pollack Fund, established in 1984, provides income for faculty development. The Henry Hope Reed, Jr., and Chauncey D. Stillman Fund was established in 2002 to enable teachers to engage in study and travel to deepen their knowledge of Western, Middle Eastern, African, Asian, and Central and South American civilizations. The Charles M. Siegfried Fund, established in 1987, provides income for faculty travel and study. The Samuel S. Walker, Jr. Fund, established in 1992, provides income for faculty travel and study. The R.I.W. Westgate Memorial Fund, established in 1989, and given in memory of the school's second headmaster, provides income to supplement faculty compensation. Funds for programsART BOOKS GENERAL PURPOSES JUNIOR SCHOOL LECTURERS LIBRARY The Billy Rose Theatre Book Fund MUSIC NINTH GRADE SCIENCE The Michael Wallstein Science Fund provides funds for science prizes. THEATER The Stephen Magowan Memorial Fund, established in his memory in 2003, provides funds designated to stimulate interest in the theater. To make a credit card (MasterCard or Visa) contribution to an Established Fund, please click on the Support St. B's button below: |