Giving FAQ

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The annual fund

What is the Annual Fund?

The Annual Fund is Step One’s single most important philanthropic priority.  As a non-profit organization, philanthropic support is crucial to delivering our amazing Step One programs. Tuition makes up about 96% of our budget, and we rely on the budgeted Annual Fund goal to provide half of our Financial Aid budget and the flexible, unrestricted support necessary to deliver the engaging educational experiences that our community values.

What does the Annual Fund support?

  • Financial Aid: The Annual Fund provides half of the Financial Aid we award each year. 

  • Our teachers and program: The Annual Fund provides funding for professional development for our staff and enhancements to the curriculum.

Why doesn’t Step One just increase tuition?

Raising tuition higher would likely result in the loss of a number of students whose families cannot afford the increase. A drop in enrollment would lead to a less economically diverse community. Currently, through our annual fund campaign and operating funds, we raise enough money to assist 12-15% of our school families, with financial aid up to 50% of their tuition.  In addition, 4-5 families per year receive an additional 50% of financial aid through the Changemaker Fund covering their full tuition.

Why is 100% participation so important?

We ask every member of the Step One community to make a donation to the Annual Fund. 100% participation is a vote of confidence - a sign that our internal community is committed to our mission and program. In addition, high Annual Fund participation is a benchmark used by outside funders to measure community support and parent approval. 

How do I know how much to give?

We know that each family’s ability to give is different and each year we receive a wide range of gifts. Give what is meaningful to your family.  No gift is too small, and every gift makes a difference. We know that each family’s ability to give is different and each year we receive a wide range of gifts. Do know that all donation amounts given are confidential (including from room reps), so feel free to give what is meaningful to your family! 

Do I have to make my gift now, or can I make payments on a pledged gift?

Monthly payments are an option and can be charged to your credit card. Pledges are to be paid by June 30th of each year.

Can I set up a recurring gift?

Yes, you can choose to give monthly when you make your donation online, or you can be billed in four monthly payments from March to June.

Are gifts tax deductible? 

Yes! Step One is a nonprofit, 501(c)(3) corporation. For tax purposes, our tax identification number is 95-3629939. Your gift may be deductible for income tax purposes. Please consult a qualified tax professional for more information. 

Does Step One accept matching donations?

Yes! As a nonprofit, we benefit from corporate matching funds. Please connect with your HR department to get more information. We are registered with United Way (our #11449) should you wish to make a donation to the school through your employer. 

Does Step One accept gifts of stock? 

Yes! Please contact the Step One Office for more information.