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.
With an unrestricted annual giving goal of $1,550,000 for the 2020-2021 fiscal year, the Proctor Fund represents roughly 7% of the school’s overall operating budget. As is the case with most tuition-driven independent schools like Proctor, tuition only covers a portion of total costs required to deliver our educational model, and, in turn, we rely on the generosity and commitment of donors to bridge this gap between tuition revenue and operating expenses. As we quickly approach our fiscal year end, we make one final push to engage our alumni, parents, parents of alumni, and faculty and staff to support the Proctor Fund.
Each year, we are blown away by the generosity of the greater Proctor Family. More than 1,100 individuals have already chosen to give to Proctor this year. They understand that the magic that takes place with our students requires an investment of time, energy, and resources. They believe that by investing in Proctor, they are investing in a future far greater than that solely of the students enrolled right now, but of those students yet to come. They see the impact Proctor alumni have in their respective communities, and understand the love and care our faculty and staff have poured into our students as we collectively steward this school into the future.
Today we offer both a sincere thank you from all of us at Proctor to the donors who have already contributed to this year’s Proctor Fund this fiscal year and encourage those who have not yet jumped in, to do so before June 30.