What is the Waverly Fund?
The Waverly Fund is the school’s annual fund — a fundraising campaign conducted each year with the help of volunteers to support the school’s operating costs. Each year, Waverly relies on gifts to the Waverly Fund to provide additional revenues that, with tuition, cover the full costs of operating the school. It is an integral component of Waverly’s annual budget, and the school’s single most important fundraiser. Each gift benefits every student at Waverly and strengthens all aspects of school life, including educational programs, faculty compensation, faculty professional development, the arts, technology, and financial assistance – all programs that have been deemed as budget priorities. In short, annual gifts benefit each student every day.
The Waverly Fund campaign begins with the school year and ends with the school’s fiscal year on June 30.
Why is family participation so important?
Participation is critical, as it is an important measure of how strongly Waverly families support the school. When the outside community sees that Waverly enjoys a high participation rate from families, it enables the school to successfully seek additional funding from foundations and other individuals. Participation reflects the confidence and commitment our families have to Waverly’s mission and to the value and success of its education program.
Why should I support the Waverly Fund when I am paying tuition?
Although tuition provides the revenue for the greater portion of the school’s budget, the annual fund provides the resources needed to fully operate the school. Because gifts to the Waverly Fund help to cover the budgeted expenses that are key to teaching and learning, every family benefits from the contributions generously made each year. Another benefit: unlike tuition, contributions are tax-deductible.
How does the annual fund relate to the Waverly Parent Organization (WPO)?
The annual fund and the WPO both contribute much needed unrestricted gifts to Waverly annually. However, each is distinct and separate. WPO events, which include the Book Fair, World Market, Jogathon, and Silent Auction, are opportunities for the community to gather, shop, dine, dance, or jog while also doing something positive for the school. Whether or not families participate in a WPO event, we ask that they plan to make a gift to the annual fund.
How can I make a gift to the annual fund?
There are several ways to give:
- With cash by writing a check made payable to The Waverly School
- By credit card by either stopping by the Business Office (located in the elementary school) or online
- Making a gift of appreciated stock to Waverly may offer two-fold tax savings by avoiding capital gains in addition to an income tax deduction. Please contact Carolyn Hom, Development Director, for information on transferring stock to Waverly as a gift.
How much should I give?
We ask our families to give to the best of their abilities. Regardless of size, every gift will have a meaningful impact on Waverly’s students. The average gift from each family last year was about $900; many were much, much more, and many were quite a lot less. Each gift was deeply appreciated.
Is my gift tax deductible?
Yes. Waverly is a non-profit public charity recognized as tax-exempt by the Internal Revenue Service under Section 501(c)3. We suggest that donors consult their financial advisers to determine how contributions may affect their taxes. The school sends every donor a letter of appreciation that also serves to document the gift for tax purposes.