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Reply to "Why are private schools constantly raising money when they clearly have a surplus?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We’ve been in private for a few years and we get asked to contribute to the annual fund every year because “ tuition alone doesn’t cover expenses” I recently went on ProPublica.com, to check on our school as well as many other private schools in the area. The non religious schools that are structured as non profits all have to publicly report earnings, expenses, assets and liabilities, along with their executives salaries. All prominent private schools in our area that I checked have a surplus ranging from $2 Million to $15 Million , and assets that are well over their liabilities, according to their 2024 tax filings. Why are we constantly guilted into donating on top of a $50K tuition and being told that our tuition doesn’t cover expenses, when it clearly does, and more? [/quote] And yet they pay teachers $60k, like hrs, based ok Glassdoor data. Why? [/quote] They pay teachers like $60k a year such as gds. [/quote] And many other private school teachers (not GDS I assume) work 9 months a year and receive full tuition for their kids.[/quote] They work ten months a year and that's what they're paid for. They live two months without getting paid. And most of the top schools do not offer free tuition to the children of faculty members.[/quote]
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