Frequently asked questions and answers that may help you understand Foote’s giving programs.
Click on each question below to reveal the answer:
Giving to the school builds a strong community. Because Foote is an economically diverse community, we value contributions at every level. Taken together, these contributions reflect enormous support for the school.
Foote tuition covers just over 90 percent of the cost of educating a student. The Foote Fund – along with the income from the school’s endowment – bridges the gap between tuition income and the actual cost of operating the school.
The Foote Fund is a tax-deductible opportunity to support your school. Starting on July 1 and ending on June 30 each year (not the calendar year), the Foote Fund raises money that becomes part of the operating budget. It pays for:
All members of the Foote School community are encouraged to participate by contributing to the Foote Fund each year.
The company you work for may match your gift to a non-profit organization such as Foote, and you get credit for it! You must ask your employer for the form.
Endowment funds are similar to savings accounts that generate income from the investment of the principal. For example, a gift to the Jean Lamont Scholarship is placed in the endowment, allowing it to grow and produce income. The principal is not touched. A gift to the endowment is NOT a gift to the Foote Fund.
Periodically, the Board of Directors identifies projects that require large sums of money. Foote's last capital campaign raised $12 million, part of which funded the purchase of 3.8 acres of contiguous property for a new regulation-sized playing field. The campaign also funded the construction of the Jonathan Milikowsky Science and Technology building for the middle school, and the renovation of the Middle School Building. The previous campaign raised money to enlarge the Hosley Gymnasium, build the Sandine Theater, and add new classrooms for art and music.
The Foote Fund is used for annual expenses. Capital and endowed funds are used for building and special projects. The Foote Fund helps us sustain our outstanding program. Capital funds help us grow.
It's very simple; use the method that is easiest for you: