BUILDING OUR FUTURE ANNUAL FUND
One of the main priorities of St. Francis Xavier is to allow any family that wishes to educate their child within our halls the opportunity to do so. In reality, the cost of educating a child at a Catholic school comes at a cost and often with financial sacrifice for many families. Keeping tuition at a viable level, which allows families to send us their children, is a must. In turn, a gap is created between revenue collected from tuition and the actual costs of educating our children.
As you know, it costs more to operate the school than what is provided via tuition income. The parish is providing over $506,000 this year to subsidize school operating expenses. In order to fill the financial gap between the tuition paid by parents, the subsidy provided by the parish, and the growing cost of educating our children, the remainder must come from fundraising appeals (Biennial Auction, Building Our Future, Oktoberfest, Falcon 5k, Book Fair, Restaurant Fundraisers, etc). The good news is most of this year’s activities, such as the Golf Outing, Oktoberfest & Falcon 5K have been well attended and combined to raise similar funds to prior years.
Building Our Future is a fund that has a 100% return rate to SFX.
Families can choose to support this fund in a variety of ways: electronic fund transfer; credit card; or check. Each family will receive a BOF letter outlining the tuition gap specific to their family and a suggested donation amount. There will also be instructions on how to initiate matching donations – we hope every family investigates this option!
We are now asking all families, especially those that have not yet had the opportunity to donate, to help us close this gap. Our goal is participation by 100% of households, to the extent that each family is able to donate. Please consider establishing an automatic monthly payment as a quick and easy way to donate to Building Our Future. For example, if you arrange to have $100 withdrawn from your account each month beginning in September and ending in June – will have donated $1,000 in a ‘painless’ way! THANK YOU!
To the families who have donated, we sincerely THANK YOU for your generosity!