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.
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.