Annual Fund

Annual Fund FAQs

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Q

What is The Annual Fund and where do its dollars go?

A

Whether it’s inside or outside of the classroom, The Annual Fund helps Lovett live up to its mission of nurturing the whole child–mind, body and spirit. As is the case with fellow independent schools, The Annual Fund is a yearly fundraising appeal to bridge the gap between the total cost of running the school and tuition revenue. Tuition alone cannot fund the entire cost associated with a private education at Lovett or any other independent school. Tuition only covers 80 percent of our school’s annual operating budget. Lovett relies on gifts to The Annual Fund to raise a portion of the additional 20 percent needed to sustain the school’s commitment to providing each student with the highest quality education possible.

Q

Why can’t Lovett increase tuition to cover the full cost of educating each student?

A

Large increases in tuition may prohibit the opportunity of a Lovett education to many families, therefore altering the diverse culture and distinctive learning environment each student currently enjoys. Through tax-deductible donations to The Annual Fund, we can keep tuition costs more affordable and provide financial aid and scholarships to deserving students.

Q

How does a gift to The Annual Fund differ from capital and endowment gifts?

A

Periodic appeals are made for specific needs such as facility improvements or increases to endowment. These appeals are typical during a capital campaign. A capital or endowment gift will go towards Lovett’s future. The Annual Fund is primarily used for current operations and is generally unrestricted.

Q

I redirected my Georgia tax liability to Lovett through the Georgia Private School Tax Credit Program. Can that count as my Annual Fund gift?

A

No. While we appreciate you redirecting your state tax dollars for financial aid at Lovett, please note that a contribution to the Apogee Student Scholarship Organization, designated to Lovett, cannot be counted as a gift to the Lovett Annual Fund or Capital Campaign.

Q

How does your gift to The Annual Fund attract support from outside organizations?

A

Corporations, foundations, and other friends of Lovett look first at the voluntary support provided by Lovett’s community before deciding the level at which they will support our school. A high participation rate from Lovett’s community is critical. Every gift makes a difference, no matter the amount.

Q

What is The 1926 Society?

A

The 1926 Society recognizes Lovett’s most generous donors. The loyalty and support of this special group of leaders are central to the success of The Annual Fund.

The Headmaster’s Circle: $20,000 or more
The Trustee’s Society: $10,000 to $19,999
The Chairman’s Club: $5,000 to $9,999
The Benefactor’s Circle: $2,500 to $4,999
The Founder’s Club: $1,500 to $2,499