Frequently Asked Questions
What is the Annual Fund?
Since it is necessary to subsidize tuition income, we must look to charitable contributions from trustees, parents, alumni, past parents, grandparents and friends of Malden Catholic. The Annual Fund is the method used to raise these additional funds. Because the Board of Trustees is committed to keeping tuition at a reasonable level, increasing income through gifts to the Annual Fund is one way to accomplish this task. Gifts to the Annual Fund are tax deductible.
Is giving to the Annual Fund unique to Malden Catholic?
No. Catholic and Independent schools have long relied upon the generosity and loyalty of their constituencies to advance their institutions. Very few, if any, Catholic or independent schools, colleges or universities meet full operational costs with tuition alone.
Why doesn't Malden Catholic charge enough to cover operating costs?
If tuition was increased to cover the actual cost of all programs, many families could not afford to send their children to Malden Catholic. This could mean a drop in enrollment, resulting in a cutback of our programs and steeper tuition increases in order to fund all operations, which would affect each student's education. Additionally, charitable gifts would be even more difficult to obtain given the increased cost of sending a child to MC. This would preclude our ability to finance many of the important campus programs and improvements made possible by charitable support.
Why does Malden Catholic ask current parents for contributions in addition to what they already send to the school in tuition and fees?
The cost of a Catholic, Private school education is such that tuition and fees do not cover the total cost of educating each student. As is the case with many other independent schools, our development efforts are designed to solicit charitable gifts in order to bridge the gap between income and the actual cost of operating the school.
What is the difference between Annual Giving and a Capital Campaign?
Capital Campaigns are conducted periodically to provide significant funds for additions to endowment, construction/renovation or extensive equipment purchases. Contributions are generally pledged over three to five years. Annual Giving is designed to offset annual operating expenses; if the gift is pledged, it is generally payable by the end of the academic year.
Would we be expected to give both?
We hope that all parents, alumni and friends of Malden Catholic would consider supporting both efforts to the best of their ability.
Can we make a gift to a specific purpose?
Certainly. Although the Annual Fund seeks unrestricted gifts, if there is a project that you would like to fund, please let us know. Capital Campaigns generally provide named gift opportunities.
Why do you ask parents for donations? There are many foundations and businesses in town that could support the school. Do you ask them, too?
Yes we do. Malden Catholic's development efforts include soliciting foundations and local businesses. However, these prospective donors often want to see initial support from the inside before they will commit to the effort.
May we make a contribution of something other than cash?
Of course. There are many ways to make a contribution to Malden Catholic. The Development Office can help you determine what type of gift is most appropriate for your circumstances and MC's needs. There are many mutually beneficial options for donating including stock transfers and estate planning vehicles.
Is there any chance that our gift could be made anonymously?
Yes. When you send your contribution, be sure to let us know that you would like it to be anonymous and we will be happy to honor your request.
Can we make a gift in memory of someone or to honor a special individual, for instance a former teacher?
Certainly. We will be happy to discuss either of these options with you. The family will be notified of the gift, if appropriate.
My company offers a matching gift program. Would Malden Catholic be interested in this program?
Absolutely. Matching gifts are an easy way to double or, in some cases, triple your gift to Malden Catholic. Please let us know when you contribute that your company offers matching gifts.
How much should we give?
Only you can decide. We ask you to remember that your contribution, along with those of all our donors, will directly enhance the education of deserving young men. We hope that every member of the Malden Catholic community will participate.
How much have others given?
Nearly everything we have at Malden Catholic is the result of previous gifts from alumni, parents and friends of the school. As these previous donors have provided for our current student population, we must also provide for future generations. The only gift too small is no gift at all!
Is our gift tax-deductible?
All contributions are fully tax-deductible according to IRS regulations.
How can I get more information?
Please feel free to contact the Office for Advancement if you any questions about the Annual Fund or other ways of giving to Malden Catholic.