As is true at all independent schools, tuition received from parents does not cover the full cost of educating Fay’s student body. In effect, even families who do not receive financial aid still receive a significant tuition discount. In order to provide an excellent program that is accessible to many different families, Fay counts on revenue from non-tuition sources. Chief among these is The Fay Fund.
Every year, the School asks parents, alumni, parents of alumni, faculty and staff, grandparents, and friends of the School for philanthropic support, and every year, about 1,000 donors collectively contribute approximately 8 percent of Fay’s annual operating budget. Over the School’s long history, voluntary contributions to The Fay Fund have been the lifeblood of Fay’s constantly evolving program.
Gifts to The Fay Fund support every aspect of the School’s day-to-day operations, including:
Attracting, retaining, and cultivating the best teachers (competitive faculty salaries, professional development)
Maintenance and enhancement of our campus (classrooms, playgrounds, arts facilities, athletic fields, dormitories)
Service learning projects and trips (Cradles to Crayons, Merrowvista, Community Harvest, New York City, Dominican Republic)
Curricular materials and technology (microscopes, art supplies, SmartBoards, Center for Creativity and Design equipment)
The School’s budgeted goal for the 2023-24 Fay Fund is $1,918,071. It’s critical that we reach this goal, so we ask all members of the Fay School community: “Please give as generously as you can!” Every gift makes a difference, and every gift is deeply appreciated.
Every gift makes a difference, and every gift is deeply appreciated.
Fay Fund Giving Societies
Founders’ Society $25,000+
Primus Society $15,000-24,999
Poteris Modo Velis Society $10,000-14,999 Edward Fay Society $5,000-9,999