the excellent education each boy receives here. Families are encouraged to cover as much of the gap as they are able to afford. Revenue from Cathedral School’s annual fund, called the Cathedral School Fund, is second only to tuition in income; it serves to preserve the quality of the School’s overall program and is indispensable to the fiscal health of the School. This year, the Cathedral School Fund is budgeted to cover over $900,000 of the School’s budget. Leadership giving (gifts of $3,000+) is vital to Cathedral School and demonstrates a high level of commitment to our students, programs, and mission. Participation, however, is truly at the heart of the Cathedral School Fund. Gifts to the Cathedral School Fund range in size from $1 to more than $30,000. A gift of any amount is important and appreciated—it demonstrates our community’s commitment to the School. We hope that all parents will make Cathedral School for Boys their highest philanthropic priority while their sons are students here. All families are expected to participate in the annual Cathedral School Fund campaign at a level appro- priate for their circumstances. Current parents along with trustees, faculty, staff, alumni, parents of alumni, grandparents, corporations, foundations, and other philanthropic friends contribute to the School annually. All charitable contributions to the Cathedral School Fund are fully tax-deductible. Endowment and Deferred Giving: The Board of Trustees has taken steps to ensure the School’s commit- ment to excellence by establishing the Endowment Fund and by actively seeking gifts that will continue to be a source of revenue into the future. Gifts received for endowment are invested in a diversified portfolio, professionally managed under the supervision of the Board. Income thus derived is placed in operating revenues or, in certain instances at the donor’s discretion, may be used in support of a specified component of the School’s program. The long-term interest of Cathedral School is to increase its permanent endowment to allow the School to plan beyond annual budget cycles and provides a perpetual income stream to support its progress. Other Capital Purposes: As in any school, the growing needs of the educational program at Cathedral School and of the boys it serves will, from time to time, require the expansion and renovation of facilities. The Development Committee and the Major Gifts Committee of the Board are specifically charged with considering such projects to accommodate anticipated future needs, and to formulate plans for necessary fundraising activities. The Parents Association The involvement of families is essential to the success of Cathedral School for Boys. Every parent or guardian of an enrolled student is automatically a member of the Parents Association. This Association, through its various committees, works closely with the Board of Trustees and the administration to help each family feel like a part of the school community and to support the School. The Association provides a means of communication and contact between the School and its families, contributes to the School’s annual operations through an annual fundraising event, and supplies essential volunteers for many activities including library, admission, and hot lunch program support, the Fall Bash, Field Day, and Grandparents and Special Friends Day.
30 | CSB 2017–2018 Handbook
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