Dear Palm Valley School Community,
It has been an unprecedented year - as we have all faced daunting challenges brought on by the onset of COVID 19 and the ensuing global pandemic. Like so many other schools and small businesses, COVID 19 has had a significant impact upon our enrollment and school finances. Not only has COVID 19 meant that our costs increased considerably this school year, but due to the pandemic, we began this school year with 100 less students enrolled than last year. That drop in enrollment, coupled with the additional costs incurred by the pandemic has placed our school in a precarious financial position. I have been meeting regularly with our Board of Trustees to determine the best ways to meet this financial challenge.
Though Palm Valley tuition is a significant financial commitment, the actual cost to educate each child far exceeds the tuition amount charged each year. This is the norm for independent schools as they receive no outside funding support. Every year, we must work hard to make up that deviation through a variety of fundraising avenues. This year, that difference equates to $3,583.18 per child. The launching of an Annual Fund is one of the key vehicles we use each year to fund that difference. It is our biggest fundraising event of the year and is critical to the future success of Palm Valley School. That has never been more true than this year.
Today we are launching the most vital Annual Fund in our school’s history. Titled “#EssentialGiving”, we are asking that you consider what amount that you can give to this crucial fund. We are off to a great start thanks to a generous $500,000 matching grant from the Richard Brooke Foundation. That means that every gift will be matched, dollar for dollar, up to $500,000. That also means that every dollar that you give will be doubled in its impact. However, we only receive the full $500,000 amount if we can raise $500,000. So far, we have raised approximately $150,000 towards this goal. It is important to mention 100% of our Board of Trustees have given towards our Annual Fund this year. We are asking each of you to consider contributing to this year’s Annual Fund, especially given the $3,583.18 variance per child that we are facing this year. We understand that for some of our families, affording a Palm Valley tuition is a substantial sacrifice…. especially during this challenging time. However, we also know that every gift counts, no matter the amount, and with the matching grant will help move us closer to our goal. We are incredibly appreciative of each and every gift. Remember also that each gift is tax deductible and this year Congress expanded the charitable deduction for all taxpayers. Another great reason to give your gift by the end of the calendar year!
On behalf of the Board of Trustees and our staff and faculty…. We’d like to thank you for your financial partnership during this pivotal time in our school’s history. …. You can give by check sent to our Business Office or by clicking on this link.
Dr. Steven Sherman
Head of School