Frequently Asked Questions
What is the Annual Fund?
The Annual Fund is Speyer’s yearly fundraising campaign to support the school and to enrich the educational experience for each student. The Annual Fund supports Speyer by:
Enhancing academic and co-curricular programming
Attracting and retaining the most talented faculty and staff
Providing financial aid for an economically diverse student body
Maintaining our facilities at 925 Ninth Avenue
Why should I support the Annual Fund when I already pay tuition?
At Speyer, as at most independent schools, tuition and other earned income cover only a portion of the cost of educating each student, with the remainder made up by fundraising. Speyer is currently faced with the need to bridge the gap between tuition and the full cost of providing a comprehensive education for each student. Contributions to the Annual Fund help to close this gap and are the highest priority for charitable giving at Speyer. The 2018-2019 school celebrates two milestones: it’s Speyer’s 10th year and we are in the final stretches of NYSAIS accreditation. What better way to celebrate and show everyone how much you support Speyer’s mission that with a gift to the Annual Fund?
Who is being asked to participate in the Annual Fund?
All current parents and Trustees are asked to participate. Last year, Speyer families and friends raised over $834,000! Eighty-four percent of current parents made a gift as did 100% of the Board. Supporting the Annual Fund is a community-wide effort. Even before this school year started, 100% of the Board and 100% of Speyer’s faculty and staff made commitments to the Annual Fund.
If I can’t make a large gift, does a small gift really make a difference?
Yes! Speyer values every gift regardless of the size. Last year, many of our donors gave $500 or less, which represented tens of thousands of dollars. Thanks in part to these contributions, the Annual Fund raised over $834,000, directly benefiting each Speyer student’s experience.
How much should I donate to the Annual Fund?
Annual Fund gifts to Speyer range in size from $25 to above $25,000. While leadership gifts are important for the School’s economic strength, every gift matters and every gift makes a difference. We ask each family to make a gift that reflects their financial capacity and desire to have an impact.
Are Annual Fund gifts tax deductible?
Yes. Speyer is a not-for-profit 501(c)(3) organization. Unlike tuition fees, all contributions to the Annual Fund are deductible pursuant to the prevailing tax laws. All donors to the Annual Fund receive a letter noting their gift amount, date of gift, and the disclosure that no goods or services were provided.
How can I make my gift?
There are many ways to make a gift to the Annual Fund. We encourage you to choose an option that works best for you.
Debit or Credit Card. Donate now by using Speyer’s secure online donation page: www.speyerschool.org/giving.
Cash or Check. Personal checks made payable to The Speyer Legacy School and cash donations can be mailed to:
The Speyer Legacy School
Office of Advancement
925 Ninth Avenue
New York, NY 10019
Securities. By making a gift of securities, you can avoid capital-gains taxes and receive a deduction for the transferred stock’s full market value. Please notify the Advancement Office at 212-581-4020 or email@example.com if you wish to make a gift of securities.
What are corporate matching gift programs? How do I know if my company participates?
CCorporate matching gift programs are charitable giving programs set up by corporations in which a company matches donations made by employees to eligible non-profit organizations. For example, if a donor works at Bank of America and donates $100 to The Speyer Legacy School, Bank of America will double the donation by also writing a check for $100. Please note that employees are responsible for submitting the required forms to their companies.
You can determine your eligibility and gain access to detailed corporate giving information about your employer by visiting Speyer’s website and searching the database of companies with matching gift programs on our Ways to Give page. If your company is not listed, please make sure to check with Human Resources as there are additional companies out there that offer matching gift opportunities.
I can only make one gift to Speyer. Should I give to the Annual Fund or the Speyer Gala?
We hope that everyone will participate in both the Annual Fund and the gala, but if you have one gift to make, it should be to the Annual Fund. The Annual Fund goes immediately into the school’s operating budget to support the ongoing needs of the school. The gala provides donors with a unique opportunity to support Speyer after they have made an Annual Fund gift. Additionally, gifts made to the gala do not count towards our Annual Fund participation percentages.