Like all independent schools, tuition does not cover the true cost of a St. Michael’s education. The Crusader Fund is a critical source of non-tuition revenue and helps the school meet yearly operating expenses. The Crusader Fund provides the school with the financial means to attract and retain the very best faculty, serve a talented and diverse student body and enhance and maintain state-of-the-art facilities. Additionally, donations to The Crusader Fund are 100% tax deductible, and many donations qualify for additional contributions from corporate Matching Gift Programs.
Annual Giving currently contributes approximately 11% of the school’s operating budget, which helps to support and sustain the educational opportunities central to St. Michael’s mission. Donations to The Crusader Fund act as immediately expendable income for funding for student activities, the fine arts programs, tuition assistance, state of the art technology, support for athletic programs, and faculty salaries, among other things.
Gifts to The Crusader Fund help to make up the difference between the dollars brought in from tuition and the actual cost of educating a St. Michael’s student each year. Without a strong Crusader Fund, costs would be passed on in the form of higher tuition.. Continued growth in The Crusader Fund is essential to maintaining excellence in every aspect of life at St. Michael’s.