Annual Fund is St. Richard’s Episcopal School’s top annual fundraising priority. Each year, all members of our community (parents, faculty, staff, trustees, alumni, grandparents, and friends) are asked to make a tax-deductible gift to the Annual Fund. The budget revenues raised through Annual Fund ensures our school has all the necessary resources (faculty, facilities, technology, and program support) to provide each student with an exceptional St. Richard’s education.

Tuition covers about 80% percent of the school’s annual budget; Annual Fund support pays for the essentials needed for excellence. Annual Fund giving impacts every part of our community—faculty and staff recruitment and retention, academic programming, technology, athletics, arts and music, the unique socioeconomic diversity of our community, and more.

St. Richard’s strives to maintain tuition rates that are comparable with peer schools and kept at a level that makes an independent school education possible for a wide scope of families with varying economic circumstances.
Keeping tuition rates moderated, without compromising the quality of our educational program, is an important core value of St. Richard’s.

The contributions that St. Richard’s receives annually are spent, and therefore needed, each fiscal year (July-June). Each year it costs more to run the school, particularly to attract and retain St. Richard’s outstanding faculty and staff. Annual Fund revenues represent a set percentage of the budget, so they must increase, as well.

Our request is that you make St. Richard’s your primary philanthropic priority. We ask that you contribute at a level that is personally meaningful and that makes sense for your family, keeping in mind the number of children you have at St. Richard’s. Gifts range from $20 to $50,000. Every gift is greatly valued and deeply appreciated.

Yes! Annual Fund gifts are tax-deductible to the fullest extent of the law. Our Tax ID Number is 35-6007169.

The school’s budget (and tuition) for the upcoming year is set in January. Receiving Annual Giving pledges by June 30 allows us to predict next year’s totals with confidence and set the budget accordingly.

Absolutely. You have until June 30 to make your payment.

It is a vote of confidence in our school, our faculty, and our educational mission.

100 percent participation is evidence that everyone in our community shares in the effort. This supports our philosophy that we must all work together to provide our children and the future generations of graduates with the best possible education.

High Annual Fund participation is a benchmark used by foundations and outside funders when deciding which of the many worthwhile schools will receive their financial support.

All members of our extended community are asked to participate each year. St. Richard’s enjoys 100 percent participation from faculty and staff and the Board of Trustees.

Yes! Because gifts to the SGO and the Annual Fund both provide money for financial assistance, we consider your SGO donation to be your gift to the Annual Fund. The SGO is another vehicle for making your annual gift to St. Richard’s.

Many do match, but not all! Please check with your human resources department.

As long as you make your gift before the state credits expire, you will receive them. The Institute for Quality Education will send the certificate and necessary tax documents directly to you in 4-5 business days. St. Richard’s is notified immediately of all gifts.

There are no limits to how much a donor can contribute to a qualified SGO, however, the entire tax credit program cannot award more than the allocated credits. There is no cap on the number of tax credits a donor can secure to the extent they are available. 

Indiana's Tax Credit Scholarship program was created as a way to give families who meet income guidelines an opportunity to send their child to a participating non-public school, such as St. Richard’s Episcopal School. Donors to the program receive a 50% tax credit on the full value of their gifts and all applicable federal deductions. Students with financial need receive a scholarship to St. Richard’s. 

This tax savings opportunity is available to donors making a financial contribution to a qualified Scholarship Granting Organization (SGO). For St. Richard’s, this SGO is the Institute for Quality Education. A donor’s tax credit is equal to 50% of the donation amount. 

For the period of July 1, 2024, through June 20, 2025, $18.5 million in state tax credits are available to donors. There are no limits to how much a donor can contribute, provided tax credits remain available. To check how many tax credits remain available, click here.

f you own appreciated stock, the combination of receiving the 50% Indiana state tax credit while avoiding capital gains taxes is appealing to many donors. The Institute for Quality Education (IQE) has partnered with the National Christian Foundation to accept stock and mutual fund donations. IQE will immediately liquidate the assets, and state tax credits will be based on the liquidation of the assets minus the transaction fees. Please contact John Kroetz in the St. Richard’s Development Office at 317.926-0425 or jkroetz@sresdragons.org to complete additional documents required for a stock or mutual fund donation via the National Christian Foundation.