Why is Taft an “independent” school?
Taft is a nonprofit organization that operates without financial support from local or
federal taxes. It relies on tuition income, annual fund income and endowment income to exist.
Why must money be raised each year in addition to the tuition?
Taft charges tuition that covers only 63 percent of the cost of educating a student. Operating
expenses exceed tuition income by $30,000 per student! Income from the Annual Fund
and the endowment bridges the gap between tuition income and the operating budget.
What is the Annual Fund Program?
It is a tax-deductible opportunity to support your school. It is a yearly program that starts on
July 1 and ends on June 30 (not the calendar year!). All the money raised goes into the operating budget.
That means it pays for the books in the library, the soccer balls and baseball bats, the salary for your
favorite teacher, the paint brushes and the clay in the art studios, the petri dishes in the chemistry lab,
the yearly budget for The Papyrus, the cost of a DJ for a Saturday night dance and much, much
The company you work for may match your gift to a nonprofit organization like Taft. It is like free money. Matching gift support often doubles or triples an individual's gift, and you get credit for it, but they won't tell you. You must ask your employer for the form. To see if your employer matches charitable gifts, please click here. It is best, however, to ask your employer since not all participating companies are included in the list.
What is the endowment?
Endowment funds are like savings accounts that generate income from the investment of the principal.
For example, a gift to the Lance Odden Scholarship is put in the endowment so that it may grow and spin
off more and more income as years pass. The principal is not touched. A gift to the endowment is NOT a
gift to the Annual Fund.
What is capital giving?
Periodically, the Board of Trustees identifies projects that require large sums of money. Recently, capital giving supported the construction of a new dining hall and renovations of HDT and Mac House, dramatically improving the quality of life for the Taft community. Additionally we are always seeking funding for endowment as it provides meaningful support of our most valuable assets: students, faculty and staff. If you are interested in learning more about contributing to these capital gift opportunities, please call Chris Latham, director of development, at 800-959-8238.
What is the difference between annual giving and capital and/or endowed giving?
The Annual Fund is used for annual expenses. Capital and endowed gifts are for building and
special projects. The Annual Fund helps us live. Capital funds help us grow.
How can you make a gift to the Annual Fund?
It's very simple:
- The easiest way is to make a gift online (totally secure)
We are now able to process recurrent credit card gifts if you would like to pledge an amount early; we will then deduct payments monthly, quarterly, etc.
- Call the Alumni Office at 800-959-8238 to use your credit card.
- Write a check to "The Taft School Annual Fund" and send it to:
The Taft School
Attn: Ann Ruegg
110 Woodbury Road
Watertown, CT 06795
- To gift securities, mutual funds, or for instructions on making a wire transfer, call or email Joyce Romano '92 P'14 at 800-959-8238.
Leadership Giving Societies
Rhino Club—$250 for young alumni through 10th reunion
Red & Blue Society—$5,000-$9,999
Non Ut Sibi Society—$10,000-$24,999
Winifred T. Taft Society—$25,000-$49,999
Horace D. Taft Society—$50,000-$99,999
Headmaster's Circle—$100,000 and above
The 2012-13 Annual Donor Report is available online!
By discontinuing the printing and mailing of 10,000 copies of the Annual Donor Report, we will save trees and help decrease our landfills, as well as save thousands of dollars that can be better used to support Taft's mission of educating the whole student. To protect the privacy of our donors, a password has been mailed to alumni, parents and friends of the school.
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