Why does Rochambeau need Fundraising?
As an independent school Rochambeau is a fully self-funded non-profit school and receives no subsidies from the US or French governments. Tuition and other sources of revenue provides a financial anchor, but do not cover the full price of the investments we make in our students and our community each year. As a non-profit school, gifts to Rochambeau are tax deductible to the fullest extent allowed by law.
What is the Annual Fund?
The Annual Fund consists of gifts raised annually to support Rochambeau that exceed the income from tuition alone. These gifts help provide for the expenses that make our school exceptional. This includes investments in infrastructure and equipment of over $1 million annually. Parents, grandparents, teachers, staff, alumni and friends of Rochambeau all support the Annual Fund.
Does one gift really make a difference?
Every gift is important, no matter what the amount. Our goal is 60% parent and staff participation this year. Broad-based annual participation plays a major role in encouraging corporate and grant-making institutions to support Rochambeau.
From year to year, gifts received are directed to projects where funds are needed most and where the impact can be greatest. Some recent examples of projects funded by donations:
- Financial Aid and Scholarships: over $560,000 was awarded last year to over 10% of our students
- Science and Technology tools: expanded iPad program and classroom technologies, like new projectors and printers
- Athletics programs and equipment: new climbing wall and team uniforms
- Reading and research: renovated library building and expanded offering of books and online research tools
- Professional development: investments in teacher training have a direct impact on the learning for every student
We have two goals this year:
(1)Parent and Staff Participation: We aim to increase parent and staff participation in giving from 24% last year to 60% in 2016-2017. The average parent and staff participation for Independent Schools in the US is typically around 70%.
(2)Financial Goal: Our goal for the Annual Fund is $75,000, with additional revenue from corporate gifts and special events of $175,000. The total goal is therefore $250,000. Last year our total fundraising was just under $100,000.
Depending on our success in achieving these ambitious goals, the projects we could fund in the next year include:
- Financial Aid and Scholarships
- Science toolkits for elementary-level students
- Playground improvements at the Bradley and Rollingwood Campuses
- Science and technology program investments for experimentation materials