If you believe in a boarding or independent school and you can afford to make a financial contribution, give now. Independent schools- just as colleges and universities- are working through endowment decreases and pressure. With increased financial aid demand, creating an even greater strain on institutional savings and finances.
If independent school is part of your or your family’s nature and you can do it, make sure to make any gift possible this year.
The New York Times recently ran a piece titled “Colleges Ask Donors to Help Meet Demand for Aid.” The higher ed situation and independent school situations are similar.
“Faced with one of the most challenging fund-raising environments anyone can remember, colleges and universities are appealing to donors to help meet the swelling demand for financial aid…
The incoming student body for the fall of 2009 will have higher financial needs than in the past,” said Clay Ballantine, Hampshire’s chief advancement officer. “I tell donors these are excellent students and we want to take financial concerns out of their decision-making process, and we’re looking to you to provide a gift that will help us do that.”
Photo credit: vanhookc