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A
Tradition of Philanthrophy
More than three centuries ago, William Penn envisioned a school
available to all students, regardless of economic means. To
accomplish this goal, Penn asked his wealthy contemporaries
to support students for whom the price of an education would
have been out of reach.
Penn Charter continues to rely
upon the generosity of our alumni, parents and friends to
keep tuition at a reasonable level and encourage the socioeconomic
diversity that is central to the mission of the school.
This tradition of philanthropy
thrives at Penn Charter, as evidenced by the recent, successful
completion of our $47 million Frameworks for the Future capital
campaign.
Giving to Penn Charter makes
an immediate difference in the lives of our faculty and students.
A gift also can provide tangible and intangible personal benefits:
a gift can impact tax benefits and potential retirement security,
and it can provide immense satisfaction to invest in education,
in the lives of young people, and in the future.
Penn Charter's ongoing
fund-raising initiatives consist of four distinct programs:
Annual Giving:
The school's #1 fund-raising priority, the Annual Fund provides
significant and immediate annual revenue to fund our highest
priorities. The Annual Fund allows for a flexible response
to the school's needs; it builds up the school's "checking
account" of expendable monies and allows the school to preserve
its endowment or "savings account" for sustainability of Penn
Charter for generations to come.
Capital
Gifts: Following the enormous success of the
Frameworks for the Future campaign, Penn Charter will continue
to encourage large, one-time capital gifts toward major building
or endowment projects at the school. We are currently accepting
gifts toward the completion of our David
L. Kurtz Center for the Performing Arts.
Endowed
Funds: Penn Charter manages its endowment - which
totaled $53 million in Fall 2007 - as a private individual
might manage a savings account: The principal is invested,
and the money realized by those investments is available for
spending or for further savings.
Each year, Penn Charter uses endowment earnings to pay for
more than 7 percent of the school's operating budget, thus
significantly reducing the amount of tuition the school would
need to charge to pay for the cost of the program. The remaining
return on investment is added to the principal so it can continue
to grow.
A considerable portion of Penn Charter's endowment is comprised
of 249 separate and distinct endowed funds. Of these funds,
half are designated specifically to support financial aid
or faculty salaries. For a complete list of all the named
endowment funds, please click here.
Planned
Giving: These gifts provide general and endowment
support to Penn Charter through bequests, annuities, and charitable
remainder trusts.
Giving to Penn Charter is a
way of showing loyalty to the school. Both alumni and parent
participation are a powerful statement about our community's
commitment to Penn Charter. Thank you for your support and
trust in our school.
Jack Rogers
Chief Development
Officer
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Last Chance for 2007
IRA Gift
The Pension Protection Act of 2006 offers one more chance
during 2007 to transfer up to $100,000 from individual retirement
accounts (IRA's) to Penn Charter without realizing the distribution
into taxable income. To qualify, donors must be 70.5 years
of age or older at the time of the gift, and the gift must
be made directly to a charity. For information on making such
a gift to Penn Charter, please contact the Development Office
at 215-844-3460 ext. 110.
Penn Charter Development
Team
John T. Rogers Hon. 1689
Chief Development Officer
215-844-3460, ext. 111
jarogers@penncharter.com
Stephanie W. Ball P '19
Director of Parent Relations and
LS/MS Annual Giving
215-844-3460, ext. 112
sball@penncharter.com
Jennifer Cubbin P '17
'20
Administrative Assistant to Chief Development Officer
215-844-3460, ext. 110
jcubbin@penncharter.com
Ted F. Decker OPC '78
P '06 '08 '13
Asst. Director of Annual Giving
215-844-3460, ext. 134
tdecker@penncharter.com
Nancy Donaghy Hon.
1689 P '91
Special Projects
215-844-3460
Rachel Dyer
OPC '92 P '19
Development Officer
215-844-3460 ext. 131
rdyer@penncharter.com
Susan Goodman P '17
Development Assistant
215-844-3460, ext. 265
sgoodman@penncharter.com
William McKinney OPC
'01
Development Intern
215-844-3460, ext. 227
wmckinney@penncharter.com
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