Why is WMS asking for financial support?
Waco Montessori School’s main sources of income are tuition and fees, earned income, and donations. Tuition covers approximately 87% of what it costs to educate our children. Donations are primarily comprised of the Annual Fund, the Auction, and the Golf Tournament.
What is the Annual Fund?
Each year, we look to our trustees, parents, alumni, past parents, grandparents, foundations, and corporations for this essential tax-deductible support. The collected funds are then spent on a discretionary basis to improve and stabilize our schools’ environment. It allows us to respond quickly to the needs of the school (e.g., increased professional development/continuing education, tuition assistance, unexpected facility repairs, and replacement of outdated classroom materials).
Who oversees this fund and decides how it is allocated?
Waco Montessori School is governed by a Board of Trustees. One of the many obligations of the Board is to ensure the financial security of WMS. The Annual Fund is directed by the Board of Trustees and the allocation of the funds are determined in order of necessity.
If money is needed, why not just raise tuition?
We do increase tuition each year minimally to cover basic cost of living increases. However, if tuition were increased to meet our operating needs, many families could not afford to send their children to our school. This could mean a drop in enrollment resulting in even steeper tuition increases and spending cuts, which would ultimately affect your child’s education. Also, remember that unlike tuition, gifts to the Annual Fund are 100% tax-deductible!
Why is parent participation so important?
Parent participation is critical to the Annual Fund as it serves as an objective measurement of how strongly WMS parents support the school. Evidence of this support enables the school to successfully seek additional funding from corporations and foundations. When parents participate, regardless of the size of the gift, they clearly demonstrate the confidence that they have in the philosophy of WMS.
How does the Annual Fund relate to the Annual Auction?
Like the Annual Fund, our auction each fall counts as unrestricted giving, which can be used by the school as needed. However, giving to an event is not the same as giving to the Annual Fund. Annual Fund gifts are completely tax deductible and count towards participation, especially when applying for grants. Auction donations do not count towards participation.
How much should we give?
We respectfully ask every Waco Montessori family to participate in the Annual Fund Campaign each year at a level that is personally significant. Please know that every gift, regardless of the amount, has an enormous impact on a school of our size.
How do I make my gift?
All gifts made online are fast and secure (just click here), but other options include:
- Drop off a check at the front office
- Mail your check to 1920 Columbus Avenue Waco, TX 76701 (write Annual Fund in the memo line)
- Venmo to @WacoMontessori
- E-mail Head of School (email@example.com) with your pledge amount and an invoice will be mailed to you (pledged gifts must be paid by July 31, 2020)
- Monthly automatic deduction – choose “recurring donation” with our online giving form
- Matching gifts