A seemingly uneventful turn of the calendar to July next week is actually quite significant for those of us who work on the “business” side of Proctor’s operations. Like many academic institutions, Proctor's June 30 fiscal year end marks the end of the 2020-2021 annual giving cycle. We do not talk often about school finances, but as a 501(c)3 non-profit, Proctor relies on tax-deductible donations to meet its operating budget, a budget that unlocks a world of opportunities for our students.
Campus has been incredibly quiet this week; even quieter than our remote December provided. Meetings related to our repopulation of campus in January and end of year fundraising projects fill some of our calendars, but an opportunity to disconnect allows us to reflect on our collective work at Proctor.
A week from today is July 1, a seemingly uneventful turn of the calendar for most, but for Proctor it is the start of a new fiscal year. Like many academic institutions, Proctor's June 30 fiscal year end marks the end of the 2019-2020 annual giving cycle. We don't talk often about school finances, but as a 501(c)3 non-profit, Proctor relies on tax-deductible donations to meet its operating budget, a budget that unlocks a world of opportunities for our students.
During the busyness of the academic year, we crave the pause offered during Winter Break where campus is quiet and we can refocus on the 30,000 foot perspective of why we exist as a school. We know our daily work is valuable, we see incremental progress toward our goals, and we see tangible student growth, but without moments of reflection, the context and "why" of this work can too easily be lost.
Each Tuesday throughout the school year, Proctor’s Development team welcomes advisory groups to their office to share information about the Proctor Fund and The Campaign for Proctor. Proctor’s financial model is complex, and while our primary perception of ourself is as a school, we are also a business that has thousands of customers and a $22,000,000 a year budget. Operating on a June 30 fiscal year, the month of June is one of the busiest of the year for our Development Office.