How is King’s funded as a private school?
The operating budget is supported by tuition and fees, income from our endowment, and donations from our generous community. Gifts to the Knight Fund, as well as proceeds from the Annual King’s Auction, make up the difference between the actual cost of operating the school and the income received through tuition and endowment.
Why doesn’t tuition cover the full cost of educating students?
Like most independent schools, tuition at King’s only covers a portion of the cost to educate each student. The School simply could not charge the full cost without limiting the number of qualified students who could afford to attend. We seek to make King’s as affordable as possible for as many families as possible. This helps optimize enrollment and maintain a diverse student body that is an important part of our community culture and the King’s experience.
In addition, donations to the Knight Fund are tax-deductible. Donations, therefore, benefit families more than simply raising tuition.
How much am I expected to contribute?
We ask everyone in our community to make a donation to the Knight Fund. All gifts – whether small or large, make a difference and should be given according to your capacity and as God leads. Please give generously with whatever amount you are able.
Will I be asked to give again? What about the auction?
The Knight Fund campaign begins each fall. We encourage everyone to make a gift or pledge prior to Dec. 31. A pledge can be paid any time prior to the end of our fiscal year on June 30.
In addition to the Knight Fund, King’s requests donations and your attendance at the annual Auction in March.
The Knight Fund is our most important fundraiser for King’s Schools. While many student clubs and activities raise funds throughout the year, we hope that you will make the Knight Fund your top priority.
I prefer to give later in the year. Why should I pledge my support in the fall?
Knight Fund contributions directly affect our operating budget. If we fail to meet our goal our budget must be adjusted in order to balance it. We regularly reevaluate our budget and make adjustments if funding is not on track. A pledge is a commitment to make a gift. By letting us know in the fall that we can count on your support this year, we can budget accordingly and ensure that all of our programs and activities are fully funded. Pledges can be paid any time before the end of our fiscal year on June 30.
Can I make my contribution with my tuition payment or in monthly installments?
Yes, Knight Fund pledges can be made for the following fiscal year during reenrollment and will be billed with your tuition according to the payment schedule you chose.
Gifts can also be made in monthly installments. Sign up online for automated monthly giving with a credit/debit card or submit a pledge and request monthly reminders by mail.
Can I make a gift of stock?
Gifts of stock can be made in two ways. You may have your brokerage firm electronically transfer shares from your account to CRISTA’s account or if you hold the certificates, you may bring them to King’s Schools and we will arrange the transfer.
JPMorgan Chase Bank, N.A.
270 Park Avenue
New York, NY 10017
DTC Participant Number – 902
Credit Account Number – P72500 (JP Morgan Receiving Acct #)
FFC Account Number – B46530006 (CRISTA Receiving Acct #)
FFC Account of – CRISTA MINISTRIES – DONATION
To ensure proper posting of your gift, please notify Tom Burley of your transfer at [email protected]