Why We Raise Money

9 07 2012

Why We Raise Money

 Let’s take a look at where Idyllwild Arts’ money comes from:

 Now, let’s take a look at where the money goes:

  • 63.57%   The percentage of students on financial aid at IAA
  • 40.27%   The average percentage of students on financial aid at NAIS (National Association of Independent Schools) boarding/day schools

 àWe make it possible for many more students to attend IA than are helped at an average private school

  •  $27,571   The average financial aid award per recipient at IA
  • $21,544    The average financial aid award per recipient at NAIS boarding/day schools

àWe give each student more money than on average

  • 35.69%       The percentage of overall budget allocated to financial aid at IA
  • 20.82%       The percentage of overall budget allocated to financial aid at NAIS boarding/day schools

We give away a larger percentage of our budget for scholarships 

  • $15,381      The amount of endowment per student at IA
  • $64,470      The average amount of endowment per student at NAIS boarding/day schools

àWe have less money in the bank (endowment or permanent savings) to pay for financial aid

  •  $3,284,500 The total Annual Giving goal at IA in 2011-12 ($11,857 per student)
  • $1,000,713  Average total Annual Giving at NAIS boarding/day schools ($3,046 per student)

àOur donors are more generous

We raise approximately $3.2M a year through our Annual Fund (money raised each year for operations) and spend about $5.5M on financial aid.  Every penny you give goes to help a deserving student attend Idyllwild Arts Academy or Summer Program, or to help fund necessary program expenses.

We wouldn’t ask you for money if we didn’t need it to serve students who want to and deserve to be here. 

That’s where our money comes from, where it goes, and why we raise money. I hope you’ll check your mailbox and visit our website to discover more about the amazing things our students accomplish.

Ian Schoenleber

Associate Director, Development

 

Advertisements

Actions

Information

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




%d bloggers like this: