Alumni Fund FAQs

ANNUAL FUND FAQs

What is the annual fund?

The annual fund covers the gap between tuition and the actual cost of educating a student at ISLAND PACIFIC ACADEMY. Tuition covers about 85% of our expenses. The balance of our needed income comes from other sources, including our endowment and the annual fund, which provides the largest source of that income.

Why doesn’t tuition cover the full cost of educating each student?

To cover the actual cost of educating a student would require a significant tuition increase. Like other private schools, ISLAND PACIFIC ACADEMY generates its funding from a variety of sources. These include tuition, private grants, and fundraising from parents, alumni, and other community members. Tax-deductible donations to The ISLAND PACIFIC ACADEMY Annual Fund directly offset the current year’s operating budget, thus reducing each student’s annual tuition cost and encouraging a diverse student body.

How is the goal for the ISLAND PACIFIC ACADEMY Annual Fund determined?

Based on enrollment and budget, the “gap” determines our annual fund goal after taking into account all of our sources of revenue. Enrollment and tuition revenue goals determine the potential operating costs for the new school year. Once school begins, actual enrollment and tuition revenue plus an estimate of other income establishes the expected revenues. This budget process sets our goal for the annual fund to bridge the gap between expected revenues and budgeted operating costs.

How much am I expected to give?

On average, ISLAND PACIFIC ACADEMY parents contribute $300 ($25 a month) to the annual fund each year. Annual fund gifts range from $25 up to our Headmaster Circle level gifts of $10,000 and above. If everyone gives as they are able, we can always reach our goal.

Will a small gift make a difference?

Yes! ISLAND PACIFIC ACADEMY needs your participation. While the dollar goal is very important to meeting the annual budget, high participation rates (at any level) help IPA receive foundation grants for capital campaigns. A gift of $5.00 can make a difference.

How do I make my gift?

You can make your gift by submitting the IPA Annual Fund Form or you can make your pledge or gift by credit card online by clicking here to access the giving page of our website.

What is the matching gift program?

Many employers have matching gift programs which will match your gift with company funds. The ISLAND PACIFIC ACADEMY Annual Fund qualifies for these matches as an educational institution. Check with your employer or call in the Advancement Office at 808-674-3523 to see if your company participates in this program.

Will my gift be tax-deductible?

Yes. ISLAND PACIFIC ACADEMY is a 501(c) 3 not-for profit organization and all gifts are tax-deductible.

What is ISLAND PACIFIC ACADEMY's tax ID number?

IPA’s tax identification number is 68-0534162

How is my gift used?

Gifts to the ISLAND PACIFIC ACADEMY Annual Fund can help provide, Technology, Field Trips, Playtime & Physical Education, Health & Safety, Professional Development, Science and Technology & Design and Art Programs.

When should I give?

While the ISLAND PACIFIC ACADEMY Annual Fund accepts gifts throughout the year, your early gift or pledge reduces the cost of mailings and helps the school with its budgeting and cash flow. We ask families to indicate their commitment by December 31. Payment on annual fund pledges is due by the end of the school year, June 30.

How often will I be contacted?

You will be contacted as often as necessary to secure your participation. In addition to the financial goal, there is also a goal of 100% parent participation. This helps us greatly when we make foundation grant requests. The IPA Annual Fund is staffed with volunteer parents and grandparents, so the best gift you can make is an early commitment and prompt payment.

GIVING LEVELS

Wayfinders
$10,000 and above
 
Navigators
$5,000- $9,999
 
Founder’s Circle
$2,500- $4,999
 
Headmaster’s Circle
$1,000 - $2,499
 
Seafarer’s Club
$250 - $999
 
Young Alumni Challenge
$20