Gifts In Kind are donations of needed goods and services instead of money. These could be computers, musical instruments, printing services, etc. Southfield is careful in accepting items that can't be made good use of or would cost too much to maintain or store (such as a boat). We recommend donors consult a tax expert before considering Gifts In Kind due to the complicated rules and regulations about valuation and tax credits.
Capital giving is comprised of major gifts to meet building and endowment needs Southfield cannot pay for our of tuition funds. Capital campaigns usually fund new facilities or major renovations - but sometimes fund endowments as well. Southfield usually conducts a major campaign once or twice a decade. Because the needed gifts are large, donors usually pay their pledge over three to five years.
Most recently, in 2012, Board members, alumni, parents, former parents, grandparents, and many friends of Southfield raised more than $3.7 million to build a new preschool, STEAM building, renovated library, renovated middle school art studio and new parking area. This current campaign has a goal to reach $6.1 million for these major enhancements that serve the evolving needs of Southfield students.
Major gifts to a fund established to take pressure off the Southfield's operating budget is considered Endowment giving. Endowment principal remains intact as the School only spends a percentage of the interest income. In the independent school community, long-established boarding schools with strong alumni donor bases tend to have larger endowments than day schools, though most day schools like Southfield are working hard to increase their Endowments.
The practical equivalent of an Endowment is a savings account. Most schools have a policy about how much endowment income they'll spend each year, so they don't invade the principal. At Southfield, up to 5% of our $2 million Endowment can be spent each year. Southfield's Endowment provides the School with the security to invest in faculty compensation or new faculty positions (often called endowed chairs), a fund for professional development, enriched academic programs and resources, and financial aid. One example of an endowed fund at Southfield is the Bill and Ruth Atkins Endowment for Faculty Professional Development. Up to 5% of the endowment's income is used to provide continuing education opportunities for our faculty each year. In the past, this fund has supported an educational trip along the trail followed by Lewis and Clark as they mapped the land west of the Mississippi.
The financial assets in the Endowment are managed by the School's Foundation Board.
More than 500 American corporations match their employee's philanthropic contributions as part of their employee benefits packages. Matching gifts allow a donor to double or trip their gifts to the School.
If your corporation offers a matching gift program, you can usually obtain the paperwork from your human resources department. After you complete the forms, please send it to the school with your gift. Southfield's Director of Advancement will submit the form to your company's matching gift department, which will then send the check directly to the school.
Planned giving is a gift vehicle that allows you to donate via a trust, annuity, insurance policy, or most commonly, a bequest. Planned giving is the School’s practical equivalent of a retirement account – money to secure the future. Ideal planned gift donors are in their 60s, 70s, or 80s who believe in giving back for the benefit of future generations, want to leave something like a link to posterity, or can make a bigger gift in death than during their lifetimes.
The John W. Paylor Jr. Planned Giving Society was started by and now continues in memory of John Paylor who, with his family, made the planned inaugural gift to Southfield School.
The Southfield development office strongly recommends all donors consult with an attorney or financial adviser to explore what type of planned gift is best for you and your family before naming our school in your will or considering another kind of planned gift. For more information on planned giving, please contact the Advancement Office at 318.868.8773 or firstname.lastname@example.org.
You can support Southfield School by making a gift of cash, appreciated assets, or bequests. To make a gift today, please call Southfield's Advancement Office at 318.868.8773. To make a gift online, go to our secure online gift form.
Southfield Annual Report 2014-2015
At Southfield School, we rely on the generosity of trustees, faculty, staff, parents, grandparents, alumni and many friends to advance the school. This giving truly enriches the daily operations of the school, enables us to meet unusual needs, safeguards that we can maintain and improve the campus along with providing long-term financial stability.
This report reflects donations to the Annual Fund, and Restricted and Unrestricted Capital Gifts made to Southfield School and to the Southfield School Foundation for the fiscal year of July 1, 2014, through June 30, 2015.