THE INDEPENDENT SCHOOL TRADITION
Help Morganton Day MAKE A DIFFERENCE in the future of education!
As do all independent schools, Morganton Day School operates without funding from city, state, or Federal tax revenues. Instead, Morganton Day School relies on tuition income and broad voluntary financial support. This support includes annual giving, capital giving, and endowment income. Independent school parents place great importance on the education of their children and accept a major role in the continued financial well-being of their children’s schools.
Since the School was founded in 1978, parents have made voluntary financial support one of the School’s proudest traditions. Our parents join trustees, staff/faculty, grandparents, and friends of the School to make Morganton Day a resource-rich environment that enhances students’ possibilities for success. Parents’ gifts have enabled the School to build on a tradition of scholarship, service, stewardship, and leadership. Because these traditions are not self-perpetuating, we rely on donors to continue the legacy.
TITAN ANNUAL FUND
Tuition alone does not cover the cost of educating a student. Aa with most independent schools, tuition covers between 75 and 85 percent of the cost. The remaining percentage is covered with philanthropic support generated by trustees, parents, grandparents, and faculty/staff. Morganton Day School’s Titan Annual Fund, created by the Board of Trustees, provides annual budget relief to the entire school. We strive for 100 percent participation from trustees, parents, and faculty/staff and no gift is too small. Morganton Day School’s giving society recognizes multiple year pledges in the Legacy of Learning Society.
Capital Funds are raised to meet specific capital improvements that are over and above the yearly maintenance of our campus. Our founders provided the funds to purchase the property and build our existing building. Current and future students of Morganton Day benefit daily from this initial investment. The MDS Capital Fund supports continued expansion of the physical facilities, enhancing the programming at our school.
Endowed funds are funds given to invest in the future of Morganton Day School. Working with the Burke Community Foundation, our MDS Endowment fund principal is invested and the interest generated is then used to provide support for Morganton Day as needed: to increase financial aid, to enhance professional development for faculty/staff, and to build the facility maintenance fund. Strong endowments make a strong institution.
In the summer of 2007, Morganton Day School established “Forever Morganton Day”, to recognize those who include the School in their estate plans. Members who leave a gift to Morganton Day in their wills help ensure the future of our school.
Our annual auction is both a fundraising and entertaining event. School families and community members participate in a variety of ways: by donating, acquiring items to auction, planning and managing the event, and by being present the night of the auction. If you would like to make a donation to this event, please complete the procurement form and submit it to the Office of Development.
For more information on any aspect of development or fundraising, please contact the school.