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The GSL Development Department, under the leadership of the school’s Board of Trustees, oversees all school-related fundraising programs which supplement tuition.
Like all independent schools, Grace-St. Luke’s depends on more than tuition to fulfill its mission. Your tax-deductible donations, particularly to the Annual Giving Fund, are essential to maintaining and enhancing the educational experience of each student.
This chart explains how GSL’s distributed are spent each year:
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Tuition covers roughly 90% of the school’s annual operating budget. The other 10% is provided by your donations and endowment revenues. These contributions enable GSL to:
- attract and sustain the best faculty
- fulfill teacher “wish lists”
- provide additional teacher training and continuing education
- maintain and enhance facilities and new technologies
- expand tuition assistance programs
- enhance curricular and extracurricular activities.
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Gift opportunities: |
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• Annual Giving Campaign
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The Board of Trustees oversees an annual drive to raise money for
supplemental purchases and for financial needs not met by tuition
income. All contributions are tax deductible, and many companies offer
matching gift programs. Additionally, you can use this contribution to
recognize a special person or event in the form of a memorial or
honorarium. |
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Annual Giving donations may be made in several ways
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Cash: You may make a one-time gift or arrange a payment
schedule. This is the simplest transaction option, and it allows
GSL to fulfill its more immediate needs. |
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Appreciated Securities: Use stocks or bonds. Your tax deduction is based on market value, but you incur no capital gains liability. Additionally, GSL will work with your broker to keep it simple for you. |
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Real Estate: Not all such transactions are practical for the school, but many gifts of land, vacation homes, or other income-producing properties can be quite beneficial. Youcan give the property outright, transfer a part sale/part gift |
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Appreciated Assets: Do you own a collection of rare books or fine art or other material asset? Sometimes these can be used to benefit an institution like GSL, based on an independent appraisal and compliance with current IRS requirements and restrictions. |
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Levels of Giving for the Annual Fund |
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GSL Saint: Up to $99 |
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Luke’s Legion: $100-$249 |
Saints’ Chain: $250-$499 |
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’47 Society: $500-$749 |
| Order of the Anchor: $750-$999
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Headmaster’s Guild: $1,000- $2,499
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Trustee’s Circle: $2,500-$4,999
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Bishop’s Alliance: $5,000 or more
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• Endowment Fund
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These funds are carefully invested to generate revenues current operating expenses while earning income for the future. A strong endowment helps keep tuition levels affordable while providing resources to support scholarships and other amenities.
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• Gifts-in-Kind
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Your business may be able to provide services to GSL that save the school money while, possibly, earning you certain tax advantages.
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• Estate Planning
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Retirement Account/Life Income Gifts: The balance remaining in your retirement account after your death can be designated to GSL by naming the school as a charitable beneficiary in your will. Additionally, a life income plan allowsyou to make a gift to GSL and receive payments from your gift.These gifts can include charitable gift annuities, charitable annuity trusts, and charitable unitrusts. Benefits to you includethe opportunity to receive fixed or variable payments for life, to provide income for a surviving beneficiary, income tax deductions, reduction or elimination of capital gains taxes, and possibly savings on estate and inheritance taxes.
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• Capital Campaign - Anchoring the Future
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Plans are in development for the expansion and enhancement of existing and new facilities. There are many opportunities to have a profound and permanent impact on the growth of GSL by contributing to this campaign, themed Anchoring the Future. Click here to learn more about donations,including naming rights and other legacy-building options.
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For more information, please call the Development Office at 901-278-0200 or contact:
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Denise DuBois Taylor, Director of Development: dtaylor@gslschool.org
Sherry Emerson, Associate Director of Development: semerson@gslschool.org
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