Head of School Darryl J. Ford announce a new capital campaign to shape the future of Penn Charter. Read about the How Far? campaign.
Five Ways to Make a Gift
The school's number one fundraising 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.
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.
EITC and OSTC provide a tax credit to businesses that pay Pennsylvania's corporate income tax for contributions to organizations that give private-school scholarships to eligible children. A Pennsylvania business may direct up to $750,000 of its Pennsylvania state tax dollars directly to Penn Charter's scholarship program for tax credit.
Penn Charter manages its endowment, which totals nearly $75 million, 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 about 250 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, click here.
These gifts provide general and endowment support to Penn Charter through bequests, annuities and charitable remainder trusts.