2014-2015 Report of Philanthropy
A Message From the President
Dear Friends of Shady Side Academy,
It is a pleasure to present to you the Report of Philanthropy for the 2014-2015 school year. The generosity of our many parents, alumni, grandparents and friends during the past year set a new record in the Blue & Gold Fund of $1,304,906 and helped to raise more than $4 million overall for the Academy.
Tuition revenue covers 75 percent of our operating budget, and contributions to the Blue & Gold Fund help to fill the gap between tuition revenue and operating expenses. Additional contributions reflect support for financial aid, faculty compensation and professional development, as well as capital projects, endowment and other initiatives. All of these gifts help to ensure that we are providing the best educational experience for our students, and that we are able to attract and to retain highly qualified and dedicated teachers.
Over the past year we have refined and focused our Strategic Vision goals.With the help of our campaign consultant, we have identified three major campaign initiatives: renovating and improving the science facilities on all three campuses and constructing a new Center for Science and Innovation at the Senior School; growing our endowment to support faculty and financial aid; and increasing both the number of donors and the dollars raised in the Blue and Gold Fund. A successful campaign will help to launch Shady Side Academy into the next great phase of its history.On behalf of all of us at Shady Side Academy, I would like to express my sincere appreciation for your generosity. I look forward to our continued work together and the exciting years ahead.
Sincerely,Thomas M. Cangiano