The Annual Fund is the School’s primary community-wide fundraising endeavor. It is our hope that, as a member of the community, you will participate in this fundraising initiative at least once throughout the academic year in a way that is meaningful to you. The Annual Fund directly impacts every program, department, student and faculty member by contributing to the School’s overall financial health and sustainability. All gifts are deeply appreciated. Unrestricted gifts allow school leadership and the Board of Trustees flexibility to address the highest priority needs of the school.
Tampa Prep is a nonprofit organization that operates without financial support from local or federal taxes. The School relies on tuition, annual giving, endowment, and auxiliary income (income from summer camps and facility rentals) to operate and continually improve.
Absolutely! Every gift plays a part in Tampa Prep’s success. Overall donor participation reveals how the school is valued by its constituents, and your gift is an expression of gratitude to the teachers who invest so much in our students. We encourage everyone to make Tampa Prep a philanthropic priority at whatever level they are able whether that be $5 or $50,000. Our Terrapin Society recognizes those individuals who give $1,000 or more. That being said, every gift, regardless of size, makes a difference.
Tampa Prep is a 501(c)(3) organization as determined by the IRS. All cash gifts qualify for a charitable deduction in the year of payment as allowable by law. The tax deduction is limited to the excess of the contribution over the fair market value of any items received in exchange for the donation. For gifts to the Gala, your tax receipt will indicate the estimated value of services received. If you make a gift of appreciated securities, you will be entitled to a charitable deduction for the fair market value of the securities on the date of the gift and may be free from having to pay the tax on the capital gain. We recommend that you consult with your financial advisor to understand these tax benefits.