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Annual Giving

2007-08 Headmaster's Report

Annual 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

Julius Caesar ($25,000 and above)     Orsino ($2,500 - $5,499)
Prospero ($15,000 - $24,999) Benedick ($1,000 - $2,499)          
Othello ($10,000 - $14,999) Mercutio ($500 - $999)
Oberon ($7,500 - $9,999) Orlando ($100 - $499)
Hotspur ($5,500 - $7,499) Ariel ($1 - $99)

Friends (Current and Past Parents, Grandparents, Faculty, etc.)

Julius Caesar ($25,000 and above)     Hotspur ($5,500 - $7,499)
Prospero ($15,000 - $24,999) Orsino ($2,500 - $5,499)
Othello ($10,000 - $14,999) Benedick ($1,000 - $2,499)          
Oberon ($7,500 - $9,999) Ariel ($1 - $999)

The Second Century Capital Campaign

Goal: $30,000,000

Division of Funds

  • Endowment for Faculty Compensation

    For years, nearly every informed observer, participant, in, or analyst of the U.S. educational system has agreed on a fundamental point: teachers, given their contributions and importance to our society, are seriously underpaid. Agreement, of course, has not been followed by very much action. The effects of this unfair phenomenon are particularly pronounced in this city, where the exceptionally high incomes earned by those engaged in finance and certain of the other professions have a profound inflationary effect on the cost of living in the city. St. Bernard's has done its best to compensate its extraordinary faculty equitably over the years, but while the salary levels for the school's teachers are certainly competitive with those paid by its peers in New York, that is cold comfort for a young teacher trying to survive, perhaps with a family, in a city where the monthly rental for an appropriate apartment may cost 50% or more of his or her take home pay.

    Now, this long standing problem cannot and will not be rectified overnight. But, it is time to make a meaningful start. Thus, the trustees of St. Bernard's have decided to move forward aggressively and make this vital issue the centerpiece of the new campaign with a commitment of $23,000,000.

  • Athletics

    Boys in an urban school need a strong athletic program with adequate fields. We have been lucky with our use of Central Park until recently. Along with twenty other schools we have committed ourselves to support the Randall's Island Sports Foundation with renovation of over sixty playing fields on Randall's Island. We must also factor in the cost of transporting our boys. The total amount of this commitment is $3,000,000.

  • Scholarships

    Adding an additional $2,000,000 to the endowment will allow us to offer more financial aid to accommodate an ever-broadening community, continuing the St. Bernard's tradition of an excellent education with relatively low tuition.

  • Technology

    In order to maintain the fast-paced growth of technology within the school and the world, the board has recommended adding $2,000,000 to the endowment. This would allow us to move securely into the next generation, with the ability to train our teachers and students and upgrade our equipment.

Gifts of long-term appreciated securities

A 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 cards

St. 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 Endowment

Established 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 scholarship

The 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 faculty

The 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 programs

ART
The Robert Lehman Art Fund provides funds for generating the fine arts at St. Bernard's.

BOOKS
The James D. Held Book Award Fund, established in his memory in 2003, provides funds for an annual book award for eighth and ninth graders.

GENERAL PURPOSES
The James Church Coggil Memorial Fund

JUNIOR SCHOOL
The Sarah Wright Atkins Memorial Fund provides funds to enhance creativity in the Junior School, and to underwrite the publication of a third grade book of poetry.

LECTURERS
The Louis Bishop, III Fund provides the honorarium for a natural history lecturer.

LIBRARY

The Billy Rose Theatre Book Fund

MUSIC
The Elsie Lee Garthwaite Memorial Fund provides funds for music instruction, concerts at the school, and repair of musical instruments.

NINTH GRADE
The Thomas H. Bolkcom Memorial Fund was established in 2001 to enhance the ninth grade students' year with cultural and travel opportunities.

SCIENCE
The Wagner Science Fund

The Michael Wallstein Science Fund provides funds for science prizes.

THEATER
The Hannah C. Halberg Shakespeare Fund, established in her memory in 2002, supports various aspects of the School’s annual Shakespeare play such as the costs of the wardrobe, sets, theater rental and the sponsorship of an annual Shakespeare lecturer with the object of enriching the students’ understanding of Shakespeare’s works.

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: