To realize goals identified in the Strategic Plan, the Board of Trustees will, when needed, initiate a capital campaign to fund major projects. A capital campaign, over a period of years, raises substantial funds to finance major building projects and renovations, increase endowment funds, and meet other significant needs. Projects such as the Community Hall and the Math/Science Building were funded through capital campaigns.
What are Endowment Funds?
Endowment funds are similar to savings accounts that generate income from the investment of the principal. A gift to endowment is invested so that it may grow and generate more income as years pass. The school has existing endowments for diversity scholarships, faculty salaries, tutorial assistance, financial aid, and faculty professional development.
What is Planned Giving?
Tandem Friends School encourages planned gifts as a way to provide support for future students. In many cases, a deferred gift enables a donor to make a more significant contribution than would be possible through an outright gift. Planned gifts require careful thought and analysis with a mindful eye toward income, estate and tax consequences. You can provide for your family and ensure that future Tandem Friends School students have all the advantages that your family has enjoyed. And, by including charitable gifts in your will, you may create significant tax advantages for your estate.
Planned gifts include annuities, trusts, bequests, property and endowed funds. These gifts may provide the opportunity to minimize income and estate taxes, provide one or more beneficiaries with income for a period of time or a lifetime, reduce capital gains taxes, and more effectively distribute estate assets. For more information on planned giving, please contact your attorney and Tracy Proctor, Director of Institutional Advancement.
Tandem Friends School is a co-ed Quaker day school for grades 5-12 in Charlottesville, Virginia.